16
Becoming Money $mart
Investing
When creating a fi nancial plan, many people decide to invest some of
their money. Investing is putting money to a use that you hope will increase
its value over time. Placing money in a savings account, buying savings
bonds, or buying part ownership in a company are examples of investing.
You can begin to invest at an early age and start to build wealth for your
financial security in later years. If your investments are very successful,
you may achieve financial independence. Financial independence is
having enough money for your basic needs and modest wants without
having to work.
Building wealth does not happen overnight, but requires long-range planning.
Shutterstock