hard work for future

March 27, 2009 3:42am CST
i have been working for many years in private sector and government sector... what i would like to know is that how do we multiple our saving money?.. i want to have a financial freedom living where it able to support my daily expenses and so on... is there a way to achieve that dream?.... I save some of my money in Fixed Deposit monthly... but the bank rate is so low that it is hard to achieve financial freedom lifestyle... only 2 % per annum... i want to put money in mutual fund or Unit Trust but many friends of mine told me that it is very risky nowadays as i might lose all my money in the future... where should i put my money so that it will double my money....??
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1 response
@desireeo (595)
• Philippines
27 Mar 09
I am in no way a financial expert but I did some research about world finance. This is in relation with an online company I recently joined. With the current financial crisis, it seems that investing in any kind of business is indeed very risky these days. The stock market isn't doing very well. It seems that the bank is one of the safest places to put your money right now. I suggest you research online about tips and advice from experts. Also, take a look around your local neighborhood. Maybe, there's some kind of business that you can tap into where it's going to be a hit with the local people. It is always my dream to put up a business because that's the only way to earn more money...Good luck!