They say it's expensive to be financially ignorant these days.
You hear of people being exploited, being scammed, being lured into investing their lifetime's savings, only to discover in the end that their money is gone. How sad.
So many unscrupulous individuals preying on a number of hapless victims.
If you can afford it, do not be one of them. Do not bite easily.
It pays to research well. Ask around. There's no harm in trying. Try to find a financial mentor or consultant, someone you can trust your money with. Learn from prudent friends.
Read the business sections even if you don't understand it. When you get the hang of it, your mind will slowly absorb it.
Google it. The internet provides you vast information about investing, anything on financial literature.
The point is this. Do not invest at something that you do not have any inkling at all where your money will go. That's is the height of stupidity.
Be financially literate. Buy books. Attend seminars.
And for a start, you might want to invest conservatively or moderately. Investment can be viewed as calculated gambling or prudent management of your finances.
Read books by Bo Sanchez or Robert Kiyosaki or Donald Trump. These are authorities on the subject.
I got to read some of their books and I highly recommend it.
It pays to learn. And when you are passionate in learning something new, then your mind will never get old.
Learn basic accounting principles if you are not an accountant and business laws if you have the entrepreneurial spirit and if you can afford it. When you are equipped with these knowledge, everything else becomes easier and practical.
