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Thursday, March 22, 2012

Why Invest?? That's How Billionaires Made Their Fortune

Why invest? This is a way to fight against inflation, get your wish list i.e. bungalow, luxury car, holidays etc. and have a better life.

You might say I don't want to be Billionaire and just want a normal life. But how do you fight against inflation?

Ten years ago or more, you might able to get a fried noodle for RM2.50. Nowadays hardly you can get that, maybe it will cost you around RM5.00 now. That's 100% increased or approx. 10% increased per annum.

Does your salary increased 10% every year? Yes? You must be a lucky one! :)

So how do you fight against inflation? Put in the bank to get approx. 3% per annum for FD a/c; stay further away from the city centre; cut expenses; increased your debt with higher mortgage, personal loan, car loan etc.; move oversea to get higher pay and better life??

To me, one of the way to fight against inflation is through Investment unless you are the lucky one as mentioned above or you have rich parents.

Latest news from Forbes shows the "Top 10 Industries Producing U.S. Billionaires" and "Global Top 10 Industries Producing Forbes Billionaires" as follows:

Top 10 Industries Producing U.S. Billionaires
  1. Investments: 100
  2. Technology: 51
  3. Media: 37
  4. Energy: 35
  5. Food and Beverage: 31
  6. Service: 31
  7. Fashion and Retail: 28
  8. Real Estate: 27
  9. Manufacturing: 18
  10. Sports: 15
Global Top 10 Industries Producing Forbes Billionaires
  1. Investments: 143
  2. Fashion & Retail: 123
  3. Real Estate: 102
  4. Diversified: 97
  5. Technology: 90
  6. Manufacturing: 85
  7. Energy: 78
  8. Finance: 77
  9. Food & Beverage: 69
  10. Media: 64
[Read more from Forbes]

Now you can see why we shall invest?

Good luck with your investment!! ^_*

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