Being a breadwinner is certainly not an easy responsibility for a father. Aside from being a role model for his children, a father must also support his family financially. They have to ensure that none is lacking. The family’s financial condition must depend on you. So, do you have an investment for your future?
As we know, investment is important so that the value of money does not decrease. With investment, you will get passive income so that someday when you are unable to work, you still receive income. Therefore, you as a father need to have an investment for your family.
But what kind of investment should a father have? Here are a few examples:
1. Property Investment
Property investment requires a lot of capital, but this type of investment is an investment that is very profitable and important to have.
According to investopedia.com, an investment property can be a long-term or a short-term investment, where real estate is bought, remodeled or renovated, and sold at a profit.
First, you can use the investment for your own benefit, for example to live in, without reducing the value of the investment.
Second, you can rent property to earn monthly income without reducing the value of your investment. Over time, property investment will continue to increase in value because this investment is immune to inflation.
2. Long-term investment
One of the needs that must be fulfilled is providing the best education for children. From kindergarten to college, children should have high-quality education.
Long-term investment is one way for your child’s education to be achieved without significant obstacles. To meet these future needs, you can choose investment instruments such as stocks, mutual funds or gold. The reason is that mutual funds are one of the investments with a minimal risk and gold.
In addition, long-term investments can also be used to prepare pension funds. At a young age, one of the most valuable financial assets is time. If you are a 30-year-old father, then you still have 30 years until your retirement age arrives. The objective for your investment choice means an instrument that can grow over time.
An important point that must be planted is discipline in saving. To realize these investment choices, you must apply the habit of saving regularly. As long as you have determined a long-term investment goal, such as for a pension fund or for children’s education, then you have decided to invest; the decision is more important than the choice of investment instruments. The right investment for you must be seen from your tolerance for risk, ability and investment needs.
3. Short Term Investment
Emergency funds may be needed at any time in the clan. As a father, this fund is very important for you to prepare.
In addition to long-term investments, you also need to have short-term investments. The reason for choosing a short-term investment is high liquidity even though the return obtained is not as high as the investment in stocks or property. Examples of this investment are savings deposits or bonds.
Read more: The Right Time to Buy Gold for Your Investment
