Investing is an ageless process that can accompany us throughout our lives. You should know, however, that this is not a game and that every decision we make can have positive or negative implications. Meanwhile, it is important to know that one invests for income (e.g., coupons, dividends, rent) or to generate wealth.
However, when you monetize your assets you may have a gain (capital gain or capital gain) or a loss (capital loss). Anyone can have money that can be set aside for financial investments, and it is, therefore, important to be familiar with certain concepts.
In this regard, it is not certain that investments made during the year are still valid in the future; situations change and so do earnings. That is why it is always good to check with fixed deadlines the situation of the investment portfolio, to avoid continuing to invest resources in something that no longer pays off.
Learn about other financial best practices
Good financial advice #19 | If you have to borrow you can’t afford it
Had it ever occurred to you that if you have to borrow money then it means you cannot afford to make that purchase. Learn to manage the budget you have, without having to take out loans–because it might say you can’t afford it.
Good financial advice #18 | Spend less than you earn
If you set as a goal to live within your means you will immediately understand what expenses you can or cannot incur to avoid having to ask other people or the bank for money.
Good financial advice #17 | live within your means
If you set as a goal to live within your means you will immediately understand what expenses you can or cannot incur to avoid having to ask other people or the bank for money.
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