How Tech Devices Drain Your Savings Or Salary That Could Be Minimum Investing Amount
You hear many times about investment and also knows what is an investment and in this talk you also knows
stock market investment.
for stock market investment you need a capital and this is true but lost of people think you need big or more capital to start stock market investment and this is totaly wrong and traditional old thinking. its true that you have to start with minimum investing amount or capital but you can start with enough minimum amount and this investing amount you can create yourself by doing some changes and taking proper actions regularly when it comes to spending money .
know this how below in details.
this post is about how you can create your own investing amount and start to invest in stock market as soon as possible.
You know the tech devices and services have been making your loss and draining your pocket money , savings and salary which can be your enough investing amount for short , medium and long term investment and it can create a good wealth for you, if you think about it and pay attention on it.
if you realise this and start to take small steps then your wealth creation process can start early and no one can stop you from earning good returns in the future. so think about it and try to analyse your things by considering below things,
Tech devices product and services draining your saving and salary :
Now a days everything is at finger step and the reason is the inovations in technology.
technology is constantly developing and creating new product and services for the world to make it more better and useful to every human being. this is good but you really need good products and services all the time which can make your life and work more better.
almost everyone is influenced by this
technology innovations and also excited about to use this tech devices , product and services to make them part of their life to live a better digital life .
But all these inovation in technology is for everyone and every one really needs it or have use of it for you or you are being part of this digital world just as usual without any purpose.........?
tech devices and services are now easily available and because of people's excitement they are buying the tech product and services without knowing its actual purpose and use for themself.
you are paying these product and services without any need and this has became the basic mistakes of millions of people which is draining your savings and salary and still you don't know it.
Tech devices are easily available and the price of these product is affordable. so every one can buy these products easily from their saving or by EMI option.
This Tech Devices includes:
- Smartphones
- Smart Watches
- Smart gadgets
- Laptop and computer
- Medical smart devices
- Home automation gadgets and many small major things .....
The Digital Services includes:
- Online steaming
- Subscription services
- Membership plan
- Premium plans and many more like this....
This tech product and services you buy from your saving or salary but this buying is worthless and then also your are spending lots of money on it which you can convert in other good investment.
How Tech Devices Are Draining Your Savings And Salary :
1. Smart Phones
Now a days the price of smart phone is affordable to every one and any one can buy a good smart phone. the price of good smart phone ranges from 5000 rs to 15000 rs and for more than price of 20000 rs range budget you can get the most new features and facilities.
but every one really needs very good smart phones with all the new features and facilities......? NO . the answer is simple that is
every person don't need good smart phones all the time because if you are using smart phones only for the audio and video call, massaging , whatsapp , social media , playing games and for some other general work then you are doing big mistake and wasting your money because you don't need to buy good price smart phone because your work can be done with other available smart phone models and you can save that extra money for your investment.
For Example :
if your are spending 13000 rs to 15000 rs for a good smartphone for doing general things then you are wasting 6000 to 7000 rs for that smart phone because you can get good phone below 10000rs range, at 7000 to 8000 rs and they can do same work for you with fine functionality but you are spending more 6000 to 7000 rs just for design , themes and camera quality and memory and this is your wrong investment decision for tech device goods.
The important thing to highlight here is , if you are not going to do any major work or more important work like emails or content creation or important phone marketing then buying expensive smart phone and paying extra money without any important need is waste of money.
here you can save that money and can create a minimum amount for your investment which you can use to start to invest in good company stocks rather than locking your extra money into smartphone price.
5000rs or 7000 rs is not less amount to invest in stocks. you can buy good stocks in this amount and can book profit in trading or can earn good returns in short term investment .
if you think on it then you can realise that you are spending more money than required which can be your investment capital for your stock market investment without doing anything extra work.
so think about it and try to save your money and create your minimum investing amount for stock market investment or trading.
Why You Should Start To Invest Early In Life
2. laptop Computer And Digital Cameras
This is another thing in which people are putting money without any important use and long term benefit.
the cost of laptop or pc is start from 20000 to 25000 rs to 35000 to 40000 rs and most of people buying them just as it is or for playing games and watching movies.
this is not good because you are paying more than 20000 rs just for entertaining purpose and this amount is not less if you invest this 20000 or 25000 rs in good stocks equity in stocks market then it gives you returns in multiple times of your invested capital in future and that can be double like 50000 rs or 100000 rs or 150000 rs.
but here you have locked your money in less useful tech devices which is limiting or keeping you away from earning good returns in stock market invesment with the same amount.
Camera : Now another procduct is the Digital camera and most of people think they should have it but for what reason don't know. you think to buy it because you can affoard it or you want do show off, so what purpose you buy this expensive cameras which cost you more than 25000rs to 40000rs just for clicking the HD photo's of you and post it on social media but you know this is not a good valid reason to put your good amount of money in it instead you can grow this money in investment and can use it for most important things of your life in future.
Think about it and take small steps to convert your extra spends or less useful spends into savings then make it your investment capital for earning good returns .
A common reason of saving or salary drain:
if you don't use this tech devices, smart phones or laptop, computer properly then it will get damage and you need to pay to repair it and if it does't repair properly then you have to repair it agian and again and that will reduces your savings or it will be another extra reason to drain your salary.
Why You Should Start To Invest Early In Life
3.Digital Services
It is said that today's world is of digital world because everything is going to be digital .
this digital product and service are easily available and accessible by anyone with the smart devices and at affordable cost so most of you come in that strategy of affordable cost and paying extra money just for your entertainment which has no limit.
you buy these services like online streming , plan subscription, membership and premium accounts and plans , pro plan and like many thing.
The plans of these services are start from month to yearly basis then here you have to think about it have you watch all the subscribed programmes for entire month or year...? otherwise its waste of money for you because you are paying more than required.
It is ok when it is related to your work , learning and some times for good quality entertainment but now you have become their regular customes and paying them on regular basis if you want to pay regularly then why you don't think about
SIP and invest in them regularly that will create a financial investment base and gives you a good returns after some time .
It is best option than buying the plans of online streaming services or online services just only for regular entertainments. this is waste of money and also there is no guarantee you will get the quality entertainment all the time. so think it and convert this opportunity into a good long term investment.
Read in details :
Systematic Investment Plan
The SIP gives you the happiness and good secure future, which will not come in the entertainment plan.
Read this: How To Learn About Stock Market
Why You Should Start To Invest Early In Life
4.Smart Home Automations Gadgets
when you buy new home or when you start living seperate or in rent home then you buy lots of things from home appliance, interiors, furniture to decorate your home and defines a budget for it this is a mistake and you made your money stuck in these things which are just show off if you see it with different angle.
instead of it you can spend it on most impotant things required in your home which makes your living and work more better. this is right investing decision for buying products and goods but if you are spending for furniture and smart home appliances, gadgets and for other decorative stuff then its wrong investment decision. this is waste of money because here instead of this you can
invest that money into stock market in good investing instrument that will pay you good returns and then you will able to fulfill the most important needs of your life from heath , education, personal and professional life .
you can convert all these extra spends of money into your primery investing capital and you can start to invest in stocks which is much better than to lock or wasting your useful money in less useful things.
Why You Should Start To Invest Early In Life
The conclusion is that if you analyse yourself, your life and your home then you will find many unwanted and less useful things where you have wasted your useful money which you can save first and then equate it together to make your investing amount and start to invest in stock market in available investement options for short , medium and for long term to earn good returns than wasting it on unnecessary things or spending it on less useful things for short period of time.
Comments