WHAT SHOULD YOU DO WITH THE WINNINGS FROM YOUR INVESTMENT?
You have put in the work, handled the stresses that come with investing, sweat, almost bitten your lip off in hard times and bravely come to an end. In short, you have walked the talk, and you can now happily enjoy the returns of your hard work. What do you do at such times? Where should you direct the fruits of your labor?
Most people start off by spending large, and this is one thing that you should not do. Where enormous spending exists, thieves and forgers soon follow, and you could end up with nothing in the end. It is quite easy to attract the wrong kind of company when you are raking in dollars.
Start from considering what you want. It is high time that you did something nice for yourself. And that’s not all. You should also appreciate the people who stood by you as you toiled for that money. Whether it was by fixing you coffee in the morning, accepting your absence at critical times in their lives or even financing your projects, they deserve some appreciation. Here are some ways in which you can enjoy this money while making wise decisions in the process.
Save some money
You may be holding on to a lot of money right now and may be thinking that there is no way that you could finish it. However, before paying your bills and treating yourself to a good time, separate your savings from the bulk. In this way, you will have something on which to fall back if things go south.
Open an account for your children/ grandchildren
If you have children, there is no better time to start saving money for their future expenses than now. As such, look into the various savings account options and choose one that can help you meet the goal you wish to achieve. Maybe you want to save up for their tuition, wedding, car or other future expense. Now is the time to do so and you can forego this worry when other people embark on this journey. If your kids are already out of the nest, you can start accounts for your grandchildren who will be very happy that you thought of them when the time comes.
Take a vacation
When is the last time you set off on a trip, not to work, but to relax and thank your body? The chances are high that it has been a while and you can feel the effects of the same. It could also be that you strained some of your relationships in the past owing to being busy and this is a good time as any to work on bonding with your loved ones. Organize a trip to a place you have always wanted to visit. You know that one place you thought of and told yourself, “one day when I have enough money, I will go there.” The truth is that there will never come a time when you will have enough money to do everything you’ve always wanted and the best thing to do is to start with what you have. Have your loved ones pack up and embark on a getaway. When there, forget all about your stresses and give in to new experiences. By the time you get home, you will feel that your spirits have gone up.
You have worked hard for what you have, and it is only fit that you look for ways in which you can enjoy the money. You could get that spa massage you have been longing to have or embark on that ski trip you always envisioned. It could be that you have been thinking of changing your wardrobe. What better time than now? Treat yourself to things you always wanted, and you will be glad you put in the effort.
As you enjoy your winnings, be sure to remember those that stood by you. You could send flowers to that special someone, organize a surprise dinner for your friends; sponsor someone’s education or any other act that could positively impact a person’s life. Have fun with your winnings as you set your sight on other investments. You truly deserve it!