June 30, 2023

What is the significance of downsizing?

Typically, we earn our money through working at a job that gives us a wage. However, a second way to earn money is through investing. Investing is significant because it can help contribute to our retirement goals, can help us earn a passive income, and can help us build our net worth. In other words, investing can help make the money (wages) we earn “work for us.”

Investing is not just for people who earn large sums of money at their job. On the contrary, investing can be a useful money-making tool for people of all budgets and comfort levels. Whenever we purchase something for a sum of money, and then sell it for more money than we “invested” at the time of our initial purchase, we are making money from an investment.

It is important to keep in mind that every investment comes with a different level of risk – and our advisors are here to speak with you about how we can help you make investments in accordance with your budget, comfort level, and risk tolerance. If you’re interested in discovering more about investing and how it can work for you, reach out to one of our advisors today.

- Spire Advisors of Assante Capital Management Ltd.