I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
– Warren Buffett
Sounds a little cocky, huh? But if you know about the process of building up compounded returns and understand the concepts of investment, you surely would feel the same way Buffett does.
Because we are able to calculate… with our initial cash, or our savings from each month… if we are able to create a compounded return in XXX amount, we can calculate the amount of money we will have in 10, 20, or 30 years from now.
Investing successfully is no different from working successfully in any other field. We need to have a set goal and a plan before we start investing, so that we are focused on what type of books we need to read, how much we need to save up for investment, and what amount of return we have to make.
The Jitta team has recently discussed this topic -that many still lack the goals and planning necessary in investment, causing them to have difficulties in succeeding. Which is why we developed the Jitta Financial Planner to help aid you in your investment planning.
For example, if you have a $5,000 monthly salary and you would like to have $1million, what are the steps that you must take?
If you are interested, go and try out our Jitta Financial Planner
Lastly, remember that to invest happily, we do not need to compare our investments to other people, but only to our own target. If we can stick to our plan and goals, we will be satisfied with our progress year after year.