What will happen if you invest $10,000 for 5 years with annual profit of 10%? You will be able to cash out $1000 each year or make even more if you reinvest your profit. Impressive isn't it? You may say that you don't want to wait years to get your profit and would like to have nice income every month. Yes, your monthly income won't be too high, but investment is a long time business and is very comfortable for many people.
Watch this presentation to learn more about investing into income funds;
Where can you collect money in order to invest into the income funds?
The best way to get money for your investment, is to save money. Yes to save money each month requires discipline. You develop it in yourself. But there are ways to increase your savings faster. One of them is keeping track of your income and expenses. Keep a record of how much money you earned, how much and where you spent. So you will control your financial flows (i.e. where the money went). I am sure that in a month you will be surprised by the result of this calculation. It will turn out that a decent amount of money wasted on all sorts of rubbish.
This method will help you find out where you have unnecessary spends and how you cut your spending amount for the things that are not really important. Making some necessary changes in your spending habits will help you save more money each month and then invest them into the income funds.
Besides it is important to point out that income funds are not the only way to make money investing. There are other investment opportunities that allow people increase their income in a faster way.
In the video below you will learn how to invest in share markets. What is share markets and why they make a good alternative to investment funds.
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