MONEY BABIES
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This was a term my smart friend came up with, I assumed she meant money for our babies (she’s a mum of twins), no she meant invest and let your money make babies!!!
I treat our investments like my children’s money, ‘that’s for their education’ etc. I’m sure said friend does to, but what she really likes to visualize is when the dollar you invested receives income, it’s the money’s baby. That baby gets invested and it to revives income. So each unit invested creates more units. Following?
Moral to the story? Keep your units invested, don’t withdraw funds and they keep making money for you (even if the market experiences fluctuations you’re still getting new units!).
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#financialconfidence
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