there should be minimum expenses in starting the business
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When thinking about investing, you need to think long-term. “Investing” for the short-term isn’t really investing – it’s speculating, which is basically gambling. There are any number of uncontrollable factors that can cause investments to go up or down short term, so any money committed to investing shouldn’t be needed for at least five years.
Having a household budget allows you to understand exactly where all of your dollars are going each month. Hopefully you’ve trimmed expenses enough, and/or have good enough income, that each month you have significant “extra” cash flow after covering all of your expenses.
The first thing to do with this extra cash is to build up your emergency fund as mentioned above.
After that you should consider if you will have any large expenses coming up in less than five years: Will a new car be needed? Is a child’s college approaching? Might a child get married in the next few years? If there are events like these coming up then start putting aside money for them now – money that probably shouldn’t be invested in the stock market because of the “short” timeline.
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Business organisation in which there should be minimum expenses in starting the business - Business Studies - Important ...