By: Eli Karam
Any student studying business has heard this phrase over and over again. I remember the first time I heard this was from my first finance professor at Bentley University, and she explained it very vividly. She explained that with money, you have two options; either spend it, or you can invest in it and watch it grow. Now for everyone thinking about inflation and that the dollar can decrease in value throughout the years, that’s not the meaning of it.

If you are in college and have at least $1000 in your bank account, (or in liquid cash under the mattress) you are not utilizing the benefits of increasing your value. Yes, it may be risky…but we also know that HIGHER THE RISK, HIGHER THE RETURN! All I’m getting at is that you should really start looking at other ways to grow your dollar worth, whether it be in stocks, bonds, real estate, start-ups, etc.

For me I’ve lost money and I’ve made some, but only because I took that risk. When I was 19, I invested $900 in Kraft (KRFT) and lost 3/4 of my money, because at the time I didn’t think about future mergers and what not, but still to this day I learned from my mistakes. All I’m saying is you don’t have to be a business savant to know how to manage your money. If you want to be “good” then keep that money in the bank account and spend it when you need, but if you want to be “great” and have that EntreWolf passion…invest, invest,invest!