Multiplying Finances

As important as making money is,it is usually not enough because saving, investing and making it multiply or last long is where the real issue lies. Many people despite making money, don't have enough to cater for needs and this is because of how the money is utilised.

I believe that a percentage of ones income should always go towards savings. This is very important because a time mat come that one desperately needs a backup and in such instances, the savings can be brought into action.
Personally, I feel that one should save at least 10% of monthly income or more. The more one can save, the better.

My plan this year is to not only to save but to also be able to invest. Last year was mostly about savings for me which was good, at least with that, I was able to learn how to live on a tight budget and navigate but it is not enough to save. It is also important if not even more important to make the money multiply which is where investment comes in.

Investment is not as simple as it sounds, because there's always the risk of investing in the wrong business and loosing almost all the money. Therefore investing requires knowledge, strategy and maybe luck too. Without these, it will be a case of loosing money in the pursuit of money.

I have begun looking into various options for investment and one popular option that keeps coming my way is buying of stocks. Another option is to open a physical business of my own.
These options require research to gain adequate knowledge. Hence that's what I am doing at this stage; researching to choose the right place to put my money..

Stocks require choosing the right one to invest in, and at the right time too. There are several options to choose from hence the importance of choosing carefully after conducting some due diligence.

Here's the LINK to this contest hosted by Indiaunited for interested persons to join. Welcome.