Corona taught us the Importance of Investment

It's been more than six months since the Coronavirus outbreak in the country, we have gone through various realizations. One of the biggest ones among those is the need for investment to deal with such critical phases. This has been a time when a huge number of people lost their jobs, their only source of income, the shopkeepers could not open their shops due to lockdown and the local vendors couldn't come on roads to sell their products. It has been a very tough journey for almost everyone but those having no investment got a huge setback.

This has brought us into light that the Investment at the time of contingency can not only save our lives but also provide us a moral boost to deal with the upcoming challenges.

This pandemic situation has taught us the value of money we have been wasting without thinking. It's important for us to invest the money we earn in some Fixed deposit, recurring deposit or Stock market for a longer-term so that we can take them out at crucial times.

During this time with limited resources, we got this understanding that the money we used to waste on mindless shopping could be saved. There used to be many things which we used to buy just for the sake of buying and it served no purpose or very minimal purpose. 

We realized that the food ordered from outside had a very great share of our expenditure and if we fall sick by eating junk food, the medicinal cost was extra. So by being at home we not only explored our culinary skills but also realized how much trash we were eating since so long. Eventually, it has also cut down our expenses and these can be saved somewhere with higher returns in the future. These days we are also saving our traveling costs for the office or places we used to visit.

According to experts, everyone should have at least six months' expenses as emergency funds to deal with such chronic situations the world is dealing with at the present. Hardships teach us lessons for life. Everyone should learn from this pandemic what people at different levels have gone through. We must prioritize the savings such that we are ready to deal with the worst scenario possible.

 

DON'T WAIT FOR THE WORLD TO FALL APART, START SAVING BIT BY BIT FROM TODAY. INVESTMENT DONE TODAY CAN BE A RELIEF FOR TOMORROW.