The following is my answer to a Quora
question: “Is
investment something to do only if you are financially comfortable?”
You invest to attain financial comfort through the acquisition and growth of your wealth. As such, there are different levels and stages of investment depending on several factors, such as risk tolerance, investment horizon and budget.
Investment should be a thing for any person who is not at subsistence level of living. It is a means out of poverty, if done correctly, and a way to climb the socioeconomic ladder, whether for yourself, or your next generation.
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