Finance has shown me how to spend and save money for my needs. I learned how to grow money using compound and compound interest rates and how the perspectives and strategies are different now. Every New Year's Eve I set some goals that I would like to achieve within the following year. So, this idea was a fantastic task, it is very important to plan and implement it. One thing I wrote down as a New Year's resolution is to get out of debt. I want more from my finances; I paid off all my bad debts. It's working and a lot needs to change. I now have control of my income. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Three Ways I Will Invest in My Future. Open an IRA which is an investment retirement account. An individual retirement account (IRA) allows you to save money for retirement in a tax-advantaged way. An IRA is an account opened at a financial institution that allows an individual to save for retirement with tax-free or tax-deferred growth. Each month I will add a significant amount of money to this account and let it grow without touching it. This idea will provide me with a good retirement balance and liquidity at a time when I need it in the future, this will probably help me achieve financial freedom. My plan is to be able to retire early at age 50 if I wanted. I have witnessed many people around me who have not saved enough money to retire and are still working at age 70. A mutual fund of bonds, investments, and other stocks in which investors buy shares of a mutual fund and everyone's money is in one pot. Some funds invest only in stocks, others invest only in bonds in moderate amounts of stocks and mutual funds. I will buy and sell small shares of company stock by doing my research. I will then add 20% of my income to each account, hoping that choosing the right amount will increase making me money. Dealing with this problem is sometimes very difficult, so I recommend doing a lot of research before starting something like this sometimes, it's a success and a failure. Third, I would put my money in a high-interest savings account; online savings accounts offer higher rates, and you often end up saving on the cost of the account. Due to lower overhead costs, online banks usually charge lower fees. In FDIC-insured online banking, your funds are as safe as they are in a bank branch. The safest way to invest would be to systematically invest for the long term with periodic rebalancing to ensure that the mix of assets in the portfolio remains constant or according to our risk appetite. I know my money will increase over time. It all depends on how much money I add to the account. This account is mostly pre-tax. The most challenging are stocks and mutual funds. You will have to take a risk with your hard earned money. The risk is that when the situation worsens, you will not be able to recover the capital of your investment. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Finance was very exciting for me I learned so much that you need to take a lot of risks and plan your time when deciding how to allocate your investment. Now I know and understand how to prepare when I retire. I want to travel and I have no debt.