2020 has been one of the worst years in the history of this recent era. Not only millions of people are suffering from COVID-19, but every country around the world has been witnessing its economy tumbling even further down. Hence, it has been an utmost necessity for people to invest on other source of income which can get one through these hard times and secure a better future for the coming tomorrow; proper investments can significantly aid people to grow their wealth and increase one’s purchasing power over time.
As Dave Ramsey once said, "Financial peace isn't the acquisition of stuff. It's learning to live on less than you make, so you can give money back and have money to invest. You can't win until you do this." So Investment is can be the perfect way that one can bring the needed money flow in their lives and increase their purchasing power.
While coronavirus still holding it’s vice grip across the whole world which has caused critical disruptions across all the market segments, it has become crucial to balance potential gains with the risk involved to invest on something which can build wealth further. One can opt for investments that have lower-risk but pay modest return, or else, one can take on more risk and aim for a higher return. There are various types of investments, from Long-term financial goals, short-term objectives, to some facilitating tax savings. Also, there can be two types of investments – financial investments which include money that are being invested in Banks, Fixed Deposits, and Mutual Funds and other being Non-Financial investment which include investments that are done in real estate, gold, among others.