10 Reasons Why You Should Take Charge of Your Finances
Eric Sanchez
If you're not familiar with investment and even less with technology, it's normal to think at first that all this we have is not for you.
But nothing could be further from the truth, we are going to give you 10 reasons why you should now take charge of your economy.
1. Put your money to work for you.
You've spent your whole life exchanging your time for money, spending countless hours working. But your time is limited and therefore you can no longer generate more income. Start to value your time more and since thanks to your efforts you have managed to save money, put this money to work for you. This way you will increase your income passively, the only way to increase your wealth exponentially. Here you can see an article we shared about Compound interest and how to multiply your money by 4 in 10 years.
2. Your money in the bank is getting less and less.
We don't realize it, but the money saved in a bank loses value minute by minute. In the current economic context, we are exposed to inflation. Which means that with the same money your purchasing power is diminishing. This is mainly due to the tendency of central banks to print currency indiscriminately. If you don't put your money in motion, not only do you stop winning, but you also lose.
3. Not only does your bank not offer you returns, but it even charges you to keep your money.
Very related to the previous point. Today, commercial banks have huge amounts of cash injected by central banks. They make that capital available to commercial banks so that they can inject it into the economy so that it continues to operate.
But on the other hand, banks don't get the money where it's needed, but rather they dedicate it to cleaning up their accounts.
In addition, interest rates are low, so the mortgage and loan business generates less income for them.
As a result, they don't need your money and what they do is charge you to keep it for you, in order to also have extra income.
4. Invest in the safest sector of our economy. The real estate.
There is no better way to start investing than in the most and best known sector, and in which we all ultimately make the biggest investment of our lives, which is none other than our home.
In this case, we also allow investment to be accessible to everyone, since it can be invested from small amounts and thus obtain the advantages that are usually only available to large fortunes.
5. Technology is a resource for your well-being. It's not the end.
Don't be afraid of the terminology used to explain how we make your investment safe, liquid and maximizing profits.
After all, you just need to know that it's easy to invest, it's safe, you get very good dividends and you can divest whenever you want.
It's true that we like to explain everything to make you feel more comfortable, but don't you worry about how logic or the internet works when you place an order from Amazon?
In the end, your interest is that the payment is secure and that the order arrives on time. That's the greatest value you get from technology.
6. Think about your future and set yourself a financial goal.
The best way to have a healthier economic future is to work on it and think about it in time. Always use part of your income for a better future. In the long run, you're going to thank him.
To do this, you must set a clear objective. Either as a supplement to your salary or to open a business, or for a longer term future as a stock exchange for a comfortable retirement, and a supplement to retirement.
Setting a goal is the best way to give meaning to your investment and so that you can reap the rewards thanks to that good planning.
7. Tax advantages.
Do you know that the treasury retains more workers than investors? The fact is that income from work pays more taxes than income from savings.
Therefore, reinvest your profits because doing so you won't take anything, since you don't make the profit effective, and you also make use of compound interest, which as you already know is the best way to maximize your profits.
8. Take your first step toward self-managing your finances.
Sometimes we don't have time to stop and think about how the economy works, we are focused on our daily lives and our work. But when you dig deeper, you realize that there are better ways to do things, that you don't necessarily have to be at the mercy of banks, at the expense of a job. Start using your money and take your first step toward becoming freer.
9. Start your journey to decentralized finance, where if you want you won't depend on banks.
To offer the product offered by Reental, we work with Blockchain technology, a technology called to change the paradigm of finance thanks to DeFi (decentralized finance) and bitcoin.
It won't be overnight, but entering the world of investment with Reental you are a little closer to learning how to use the finances of the future, where you won't need the approval of any bank to apply for a loan, where you can buy a property little by little with your own rent, where you can keep your money without anyone else having access to it and many other things that we will tell you here.
10. Improve your quality of life.
There is no better way to gain quality of life than to be more financially free to spend your time in whatever you want.
Whether with a short-term goal, having an extra passive income allows you to enjoy your time.
And thinking about the long term, do you think that the current situation will allow for retirement and pensions that allow you a good quality of life?
Reinvesting that passive income to make use of compound interest is the best way to secure your future.
Are you still thinking that investing isn't for you?
Be part of the Reental community and take control of your finances.
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