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Investing is a long term strategy whereupon you use the money you already have to obtain an additional profit from it. In other words, you are putting your money to work for you in such a way that it is likely to turn into even more money.

Most people define investing as taking ownership in another venture that is separate from yourself like a stock, bond, mutual fund or even real estate.

Spending money on yourself can aso be looked upon as a type of investment and many entrepreneurs will tell you this is the most important investment you can ever make.