When it comes to investing our hard-earned money wisely, we’re often faced with a plethora of conflicting information and advice leaving us unsure on whether or not we should invest all at.
It’s safe to say that when you invest your money wisely, the benefits are endless. Although we often get told ‘money can’t buy happiness’ it can certainly make things a little easier and leave you with extra funds to enjoy.
In our latest article, we’re taking a look at five ways investing wisely will improve your quality of life so that you can see the benefits in clear and simple terms.
- It can give you additional free time to make the most of
If you’re investing wisely, this isn’t just good for your money, but also your free time. Nowadays, investing is more straightforward than ever, with trusted apps, blogs and websites offering advice, you can enjoy your very own financial advisor in your pocket.
One of our favourites is the Spaceship Invest app: an easy to use solution making investing fun and efficient. So, instead of working that second job or overtime, why not consider investing? Not only can it be extremely fruitful, but also gives you more time to reap the benefits.
- Capital increase
As we mentioned before, money doesn’t buy happiness, but it certainly does make daily life that little bit simpler. If you often find yourself stressed when it comes to dealing with your finances each month or simply wish you had a little extra money to play with, investing might be for you.
Of course, you should avoid investing if you’re not guaranteed a return if money is tight, but if you have the money and a solid investment opportunity, then it’s a relatively low-risk method of increasing your capital.
- Increased disposal income
With capital increase, comes an increase in disposable income. If you’re often pining over a lifestyle that requires extra disposable income for you or your household, an investment can be a great way to get there.
An increase in income is a sure-fire way of improving your quality of life, whether you’d like the extra cash to invest in your health and wellness, or for lavish purchases such as five-star weekends in Barcelona, winters in Bali or a shiny new car, a wise investment will allow you to do so.
- Faster consolidation of debts
If you’ve got debts such as a mortgage or car finance that you’d like to consolidate earlier than planned, an investment could be the answer to your yearnings. Unless you’re amongst the lucky few that have zero debts to worry about, you’ll understand the pressures and stress mounting debts can bring.
Therefore, if you were offered a resolution to rid yourself of them sooner, it’s highly likely that it will improve your quality of life. After all, there is no feeling of relief like clearing yourself of debt.
- Improved financial stability
You might not be in search of lavish holidays and purchases of high-ticket items, simply financial stability. According to an article published by iMOM, ‘hidden’ benefits of improving a household’s financial stability include less stress, better health, better marriages, and more financially stable kids. They seem like pretty good motivators of investment to us!
These are just some of the ways wise investment can improve not only your own but your entire family’s quality of life. Of course, circumstances differ from each household, so the benefits will also vary.
One thing we are sure of is that when done correctly, investment will most definitely make life easier for you. To conclude, be savvy with your finances, follow the advice from trusted sources and only invest if you can really afford to do so.