Everyone needs Money, when you get money you want it to keep coming. What can you do to make it last longer?. Its simple, you need to make money work for you.
There are many ways you can make money work for you. The best way is to invest it into something that will give you an income in return.
Here are a few ways you can invest your money.
Start a business
When I say ‘Start a business’ I’m not saying jump to make a huge corporation like Microsoft in 1 day, we all have to start somewhere.
There are a lot of businesses you can start from home. Remember that you will have to work hard to get it off the ground before it can operate on its own.
Fit the books hard, a true investor gains more knowledge about what he wants to invest in. Stock Exchange is just gambling if you do not know what’s going on, but if you study the art of Stock Trading then you won’t be investing blindly. Educating yourself helps you in many ways. For example, if you run a financial business and you know Accounting, you won’t fully rely on someone and you can’t be cheated easily.
Save for the future
If you want to work hard and retire in peace, then you gotta save every penny you can to get bang for your buck. If you can save 25% of your salary every month, in 4 months you’ll have 100% of your salary that means you will have 3 times your salary per year and for 30 years you will have 10 years of your full salary without working for it.
Now think for a second….. You have 10 years worth of salary. With that kind of money, in any profession, you can start a business or play it safe for the next 10 years.
If you have finesse and the guts to become someone’s landlord, then this is the best way to make money while you sleep.
Property is always in demand and here is why:
- People need shelter
- People keep populating this planet
- People want independence from their parents.
With that being said, property is the best income earner for the average person.
Now for you lazy well pocketed people out there, being entitled to a stake of something for you. When people are tired of the business they have a share in, they tend to sell that share. You buy the stake and in return you have a share of profits coming in every set date for stakeholders.
Its very simple, you buy into a business. You save yourself the hassle of starting your own, you make sure it runs well and you get money as your ROI (Return Of Investment).
I hope you found this post useful and interesting, please leave a comment in the comment section. If you like posts like these I will keep posting more 😁.