Or, to be more precise, they don't budget an amount for investing. For investing, budgeting includes risk, money, and time.
I will show you what you should do, in order to balance out the investment part of your life, to get success in the future!
First thing a possible investor needs to understand is that markets can go down as well as up. Generally though, most people want markets to go up!
Remember that the market is a psychological thing, and since most people want the market to go up, then generally, it will go up!
The thing is, in the process of going up, downs will occur.
This means that even if markets are down...wait,ESPECIALLY if markets are down, you invest as well, hoping to ride the wave when it goes back up again.
Ok, so in order to do that, you will need to apportion a % of your monthly income for investment, forever!!
Well, don't worry, because the ultimate goal is that one day your investment will run itself, generating enough income for you to have financial freedom!
You will need to budget off an amount that you can afford to not touch from your income. generally, 10% is a good starting point. the amount you budget should be small enough that you don't miss it.
Of course, there is slightly more to learn than just budgeting, but it is a start, that no matter what, you will not touch the money that you have invested, until it is time for you to touch the money, to achieve your financial dreams.
in a period of recession, you might want to invest even more, to take advantage of low prices!
