To sustain the basic needs in this world, someone in the family needs to be employed or have a source of income. They can be your parents, older siblings or if you’re already eligible, yourself. The most common source of income is to work in an institution or company, depending on your educational qualifications.
However, these employment years will not last forever. Most of the companies will not hire you anymore if you’re already beyond 35 years old and you will be forced to resign once your reach the age of 60.
After these years, what do you think would be your source income then? The only people who can still continue earning are those people having their own businesses or the bosses of our previous work place.
To avoid such horrible scenario, a person should start saving as early as he receives his first salary. Better yet, he should start increasing the amount of his savings through investments. You don’t have to start your business to continue earning. You can simply finance the businessmen and have a portion of their profit. These are passive investments. In most cases, the investor will just provide the financial needs of businessmen who basically have the responsibility to increase the amount of their investors based on the agreed terms.
Image Credit:
Stuart Miles – FreeDigitalPhotos.Net
