Wealth Creation – Rule 8 (Invest your Savings with Discretion)

Wealth Creation – Rule 8 (Invest your Savings with Discretion)

If you must create wealth then you should invest your savings with discretion.

Sometimes it is not just all about savings. A man who lacks discreet saving investment plans will perpetually live in poverty. It is not just about planning but planning wisely. Great business empires in the world today started because their

owners made wise investment plans.

A story in the Bible talks about a master who has three servants. While he was about traveling he called three of them and distributed talents to them. He gave  5 talents, 3 talents  and 1talent to the trio respectively. On coming back, he called on the trio to account for the talents. The first and second who made good use of their talents made profit and so they were hououred but the last of them who did not invest his was dishonoured.

So if you must create wealth you should be in the habit of investing your savings wisely. In order to invest your saving wisely, you are expected to be informative  of current trends in your environment. You don’t just invest because  people are investing. You study the trends carefully to determine if it is ideal for you. 

I happened to have a chat with a friend of mine who is into forex trading. He made a statement that struck my heart. He said “forex is made for only the intelligent minds”.

Although I have not attempted going into forex what I learnt form his statement is that if perpedventure  I am to venture into forex then there is need for me to first understand the do’s and don’t’s of  forex. That means I have to first acquaint myself with the necessary technical know-hows and skills in order to be a successful forex trader.

Food for Thought: “Don’t start what you know nothing about”.


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