What To Do With Your Money?

Generally there are 3 things you can do with the money you earn.

1. Spend It 
You have obligations in family and perhaps children.You must provide room, food and clothing before you can even contemplate what else you can use your earned money for.There can be many different commitments you have already made and are obligated to keep those payments met and on a current basis.

2. Save It 
You may be able to retain some of your earnings each month but are afraid to risk using it for more than putting it in your bank savings account. Interest rates are low and you will earn very little interest. You may be averse to taking  risks on how else you might use your money as you don't want to risk losing it. Better to earn some interest than lose your principal.

3. Invest It 
You may be interested in putting your money to work for you. You have studied how the stock market works or you are prepared to use the services of a stock broker. All stock trades must be done through a broker and will incur both buying and selling fees. So right from the "get go" regardless of performance you have fees to pay for.

Investments are not limited to purchasing stocks - you can buy        other assets that have the potential to appreciate in value;                  such as real estate, vacation properties, art and rare items like          coins and stamps - or gold and silver and jewellery.

The basic premise if you want to become wealthy is to spend less than you earn; so that you have the ability to save and invest. If you spend more than you earn you risk going into debt and having to pay interest to your lenders. This is one of the easiest ways people become broke and have no money. They spend their life paying off debts and interest to bank and credit card companies or department stores.