Choice

There has always been a debate online about how you should spend your hard-earned money. Some people choose to invest in the stock market, while some choose to invest their money in starting up a business. Is it true that these two come with their own risk but which one should you choose because at the end of the day, it all boils down to one thing choosing will stand the test of time.

The truth is, what works for you might not work for another person No matter how good they sound or how easy it may sound, it doesn’t guarantee that it will work for another person. We all have to choose our path in life and choose what will work for us, but starting up a business and investing your money into investments such as the stock market is what most people do from generation to generation to preserve and use their money.

Investing in stock

Investing your money into the stock market especially the S&P 500 which guarantees 10 to 15% average every year is what most people advise us to work with, We have so many people who become millionaires at the end of their lives. Their wealth compounds over time and they can see their money grow with time. You just have to be patient and believe in this strategy. Remind you, I said at the end of their life, which means it can never make you rich quickly. It takes time.

It is impossible to see a teenager or somebody at the age of 20 to 25 who got rich from saving their money in the S&P 500. It is impossible. You can only find such a young man in sport or entertainment, using their talent to entertain millions of people and they can earn millions in the process, but it is impossible for you to see a very young person get rich through the help of the S&P 500 so it takes time you’re likely to spend money in old age.

What it also means is that you will give up so many things so that you can be rich in old age. This is a very good option. At least it ensures one thing you are not going to suffer at the end of your life. You’re not going to depend on your kids to take care of your needs at the end of your life. You’re going to be comfortable, live a good life at the end of your life, and enjoy life but you have to wait till you are old.

Business

Business on the other hand can make you rich at any age. You don’t have to wait till you're old before you start reaping or starting up a business. It can make you rich within 2 to 5 years. This is why we have young and vibrant men, and they have already become millionaires by starting up a business. This is a very highly rewarding way of becoming a rich man because it also comes with high risk.  Investing your money into the likes of stock gives you 20% every year with a low risk, but starting up a Business gives you an abundance of percentage on your money with a very high risk, which simply means that you can lose it all within a year or two.

If you invest in stock and with patience it is very possible that you’re not going to lose all your money. Your capital will be there and you are safe but no matter the amount of money you put into a business you can lose everything within five years and stats show that 70% of businesses fall within five years  and this doesn’t have anything to do with how smart they are or how hard-working you are. You can certainly lose everything you invest in the business.

^The choice*

At the end of the day, the choice is still yours. You have to choose your path and work with it. You have to choose what you want because we have people who don’t want to take risks with their money and go with it. They are ready to wait till they are old before they start spending their money. We have people who are very comfortable with a high-risk mentality because they believe the risk is worth it. The choice is yours and it depends on you and what you want for yourself.

Thanks for you time,