Are you the one who don’t like to listen about how to invest money, where to invest or how to save income tax or similar kind of discussion. These are common discussions or queries every salaried or business person is trying to figure out and there are thousands of resources available online to gain knowledge about money & investment. But still investing for long term goals is a big deal for you? In this article I will share about the common excuses people like to give when they have been asked why you are not investing for long term or what is your long term financial goals? Let’s find out whether you can find a similar reason not to invest money.
Why To Invest and Why People Don’t Like Invest for Long Term
I think there is no compulsion that everyone must invest money for long term like others. In fact if my father would have been a billionaire, I hardly bother what I am earning and how much I am saving. But majority of people are like me only, who don’t have a solid financial background automatically get from forefathers. I have to make my future & my family’s future financial targets secure by saving enough money by investing only. Then why people don’t like to save money or find various excuses?
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Less Knowledge About Money Management & Investment
If you don’t know why you should invest money, then there is no point to discuss about this topic. There are people who have very less knowledge about investment. At least they don’t do self-study about why people are investing, what is the need of planning for retirement or saving money.
I don’t have money to invest
Are your income not enough to support your family & personal expenditure? Do you think that after the next increment or salary hike you will be able to save some money? Then let me tell you that you will never feel comfortable with your monthly expenses and find the actual amount to say enough, as it will grow gradually with your income.
Live life today, who cares for tomorrow
You might have too much impressed with the dialogue of Katrina Kaif in Zindagi Na Milegi Doobara, “Kal Kisne Dekha, Aaj ko jio”. Do you think you can apply this logic to your personal life? Definitely if you think that you will live alone rest of the life without taking any responsibility like family, kids etc then definitely you can do this. But for everyone else you have to save for future to live a life like ZNMD (may be after retirement). 🙂
Don’t have to pay Income tax
Do you know that most salaried people start their first investment due to income tax saving only. And many people think that this is the only purpose of saving money which further leads to miss-selling of insurance policies in our country.
No liability so far
This is perfect fit for many bachelor people in our country, who are really getting busy in work and individual priorities that they are not getting time to get into a family and thus no responsibility. Personally in my first 2 year of service, I felt exactly the same thing and not only that, after marriage also I found motivation to save money after becoming father only.
So, that’s the story of many people who either don’t know why to invest, or confused about where to invest or don’t get the purpose to invest money for long term. What is your reason not to invest money for your retirement or other financial goals?