This Is How I Would Invest If I Had …
Investment is a topic that grips the hearts and minds of many. There are many paths to Rome and our mindset dictates how we invest. Below are my Go-To’s in terms of investment philosophy.
I love to think about investing. It makes my mind work harder. Using money to make more money is a life lesson. Any simple takeaway from this lesson trumps reckless spending.
It also boils down to the amount that we have. Below is my mindshare with regards to investment when I have $X.
Feel free to adopt any one of these ideas if it is worthy of consideration.
If I had $10 …
No kidding. A friend of mine, 30 years of age, asked me this question.
I thought about it. I will choose either stashing it away in the piggy bank or buying an electronic book to read and grow my brain.
If I had $50 …
Start building my writing portfolio on Medium.
Yes, we need not be a paying member to start earning. Take note — We need to be a paying member to read more and learn from others.
When we learn, we earn.
$50 is a worthy investment.
If I had $100 …
Invest $50 on the Medium subscription account and insert the remaining $50 bill into the piggy.
If I had $150 …
I would invest $50 on a Medium subscription and then $100 on a social media management manager application.
This allows me to disseminate my stories to my followers on various social media accounts.
Remember, more viewers equals higher readership gets higher earnings.
Note: Many social media management applications such as Hootsuite or Agorapulse charges $100 a month, not a year. Manage your budget accordingly.
If I had $500 …
A pile of books plus a Zoom account.
We write better as we read more. It improves our expression and enriches our content.
Zoom account allows us to share our work through Webinars. We can also do a self-recording of the story we wrote on Medium, take the recording in Music Player 4 (MP4) format, and upload it to YouTube.
That MP4 recording can then be uploaded directly to various Podcast platforms.
It allows us to extend our reach via audio and video formats. We get to reach out to a broader audience.
If I had $1,000 …
I will be committed to my savings.
A high yielding Fixed-Deposit will be my Go-To. A rainy-day fund is necessary.
If I had $10,000 …
Stash half away in a combination of Fixed Deposit and piggy bank.
Use $5,000 to invest in enlarging my network circle. I will go to attend conferences to meet people. It could be business-related or about personal growth.
Our network is our net worth.
If I had $100,000 …
Now I can start making investments in the financial markets.
A 2% annual stock yield on $100,000 brings $2,000 in cashflow.
I would keep the $100,000 in the market and reinvest the 2% annual yield.
Of course, make sure you know what you are doing.
I cannot emphasize enough.
If I had $1,000,000 …
Forget about it and keep working.
We get lazy when the string of digits in the bank balance gets longer.
We are young and can contribute to society. We should.
I want to.
I hope you had fun reading the above. They represent my genuine thought processes and are not meant to be direct advice.
Take what is comfortable, and feel free to apply.
In terms of the overall investment philosophy — This is what I believe in.
- Protect my keep.
- Spend on personal growth.
- Invest to be a better person.
- Know what I am doing.
That is it.
Invest To Make Ourselves Better Than Yesterday!
Aldric
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About the Author:
As a content contributor, I write my observations from daily life and my business exposure.
Because our life experience is the bedrock of our unique perspectives.
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Because simplicity adds value.
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