Today, many financial advisers are advocates of investing for the long run. To me, this can be harmful and this article will now tell you why this is the case.
One reason why financial consultants advise people to invest for the long term is because they want your money. As many of you know, most of them mainly sell investments for a living, instead of living off their investments. Because of this very fact, to secure their income, they have to preach and convince you about the benefits of investing for the long run because only with this, they get your money on a regular and systematic basis.
In addition, this also allows them to hoard your money for as long as possible, giving them many chances to do what they want with while giving you as little as possible of your money back. This allows these financial predators to gain control of your money legally.
To me, such accumulation of money is addictive because you would always want to accumulate more. However, as you accumulate more, you become more afraid of spending it as you now have more to lose. Ever wondered why people never stop saving though they are already affluent enough?
Also, accumulation is a scarcity mindset as people who fall prey to it tend to think that there is always not enough. However, in actual fact, there is already enough for everyone and it is actually time for people to use their accumulated resources well rather than saving up more of it. Here, by accumulating money, you are letting more of it stagnate and to make things worse, money can depreciate in value as inflation rises.
Hence, instead of accumulating money from investing in the long term, I believe more in the utilization of money. Utilizing money is putting it to work and using it to provide services to ourselves and others instead of accumulating it and putting it into 'safe' investments.
Moreover, it also means taking action to seek financial freedom, not waiting for it. Knowing this, more people will be educated on the importance of using money productively so that they can benefit now and forever.
To do this, you must know your dreams, aspirations and life purposes. Subsequently, aim to achieve them by using your resources and growing them to a new level. All these can only be done when you create value.
Here, value creation is important because it is the cause while money is the effect. In contrast, many people tend to focus on money which is the fruit when they ought to concentrate on the root (value), accounting for the fact that they don't attain success early.
In conclusion, after exploring why we shouldn't be in investments for the long haul and knowing the power of utilization, I believe readers have understood why only few people get rich. Now, armed with this piece of knowledge, take action to create your wealth!
About The Author:
Ong Xun Xiang invites you to visit http://electricalpowersaver.blogspot.com/ if you want to enjoy big savings in your electricity bills. Cutting unnecessary expenses away from your bills is definitely a good investment as it creates more money available to work for you. Do you believe in offering others free money or in using them for your own good? The decision is in you!
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