What we mean when we say investing (and you should too!)
Dictionary.com = "expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property"
#1 rule: NEVER invest in something you do not understand!
Our definition of investing is for long-term. Long-term is 5 years or more. Anything less, there is a higher chance of the "investment" going down in value before that 5 year mark.
Some examples of common investments:
Stocks/mutual funds/ETFs
Bonds
Real estate
Businesses
Investments are important for your wealth building so that you can create income to live your Ideal Life. Let's dive in and learn more about investing for your future!
Disclaimer - we are not investment professionals and we do not recommend specific investments. Consult your investment advisor when deciding on an investment.
Be sure to check out the ILMA Investing for you Ideal Life Course: https://www.sentinelcoaching.com/investing