Syndicate
Savings
The capacity of being able to generate income through work is an individual condition of all people and is the vehicle of its realization. The only legitimate source that an individual disposes of to accumulate money is his work capacity, and in function of this, his saving capacity. But the most interesting thing is to realize that in order to achieve this it needs to done through our minds and body. Without a doubt, the most important capital that we have at our disposal is this. Only through that can we develop the capacity to work, the cognitive capacity of our brains, and the spiritual development of our beings in all its senses. For a person that has learned about the multiplying power of saving, but is satisfied with reasonable profits, the best option for savings in a long term, is without a doubt, to place money in mutual funds, will possibly have its oscillations through a period, but since it is on the long term, the possible fluctuations that are presented will not be able to affect the profit at the ending of the period. The mistake of transferring the concept of risk of mutual funds in the short term to long term objectives is always made, which is not applicable. It would be very nice for schools to teach our children the concepts about money and savings, respecting an integral vision about the real meaning for the human being. Young people should not let time go by and should save up, unless they decide not to do so in a conscious way and are fully aware of what that decision could imply for their future. The person that wants to gain higher profits with his capital and becomes passionate about administrating his own savings will need to risk playing in the stock market, but there should always be controlled risk.