There is no doubt that money is the best tool itself to make more money. You can’t keep on working hard to make money for an unlimited time. But your money can work hard for you to make money even when you are 100 years old. That is how the rich become richer. They work hard for a while to make money, but then they make their money work hard and make more money for them. You invest your time to make money, but then you have to invest your money to make more money. This is how it works.
You have to create a reliable and strong source of income first to make a lot of money every month, consistently. Then you have to make more money and increase your wealth by investing a portion of the money you make. Most people don’t believe in this. They like to have a good source of income that makes a lot of money for them, and they work hard toward establishing such a source of income. But they like to save the money they make. They think that is all they have to do: (1) making money; and (2) saving the money they make.
That is absolutely wrong.
Conversely, some other people think that they have to invest all the money they make. They don’t save any money.
Both groups will be broke.
The first group works hard and creates nothing but more liability. They pay a lot of tax and keep the rest. They think they are the winners because they collect money and after a while they have a lot of money. But they are wrong because they are collecting something that loses its value over time. Money loses its value and its purchasing power. The goal of working hard shouldn’t be money. Money can’t be the goal. Money is a tool that has to be used. Otherwise it will be useless.
Besides, those who work hard to make money, but then they save their money and don’t invest it to make more money, will have to keep on working hard forever. They like to make and save money and then look at their savings and enjoy when it goes higher and higher. To keep on saving more money, they have to keep on working hard because they don’t invest any money, and so they have no other source of income. Their money doesn’t make any money for them. They are the ones who have to work hard and make money all the time.
I am sure this is not the life that you like to have. Keep in mind that money is nothing but a tool that has to be used. The best usage of money is to make it work hard to make more money. This is what your money is able to do. It can keep on working hard and making more and more money forever. But you can’t work hard for good.
How to Make Your Money Work Hard for You
To Make your money work hard, you must invest properly.
So it is good if you make a lot of money. But you have to invest a portion of your money to make more money. This helps you become rich and richer (because the rich get richer). It also helps you stop working hard and get retired much sooner to enjoy your life.
This is how money has to be used.
The second group are too greedy. They work hard, but as they are in rush to become the richest in world as soon as possible, they invest all the money they make. They don’t save any money and don’t know how to manage the money they make. They think that they have to invest all the money they make. This is a horrible mistake, maybe even worse than the first group’s mistake. The first group will burn out because they work so hard to make money. The second group will lose their shirts because of losing a lot of money in different investments while having no savings.
Of course there is a third group as well: Those who don’t work at all, or even if they do, they don’t work hard to become financially free. I think this is a more popular and common life-style. Most people work just to cover their initial expenses. They never try to make more money and they never think about having another source of income to improve their lives. These people are already broke.
So What Is the Best Way to Make Your Money Work Hard for You?
I am sure you don’t want to be like any of the groups I described above. You want to become rich and richer. This is the best goal to choose because it not only gives you the financial freedom you’ve always dreamed of, but also it enables you to stop working hard after a short while, to enjoy your life.
Maybe you will have to work hard for a while to establish the source of income you must have to raise the initial capital you need for your investment. Then, you can invest some money to make more money while the source of income you’ve established also keeps on making money for you.
As I explained above, making and then saving money is not a good goal because money is not a good goal. Money is a great tool, but not a good goal. You have to use your money as a tool to make more money to achieve financial freedom.
So, this is what you must do:
- Establish a reliable and strong source of income to make a lot of money consistently.
- Invest a portion of the money you make to make more money.
First, you should start working on establishing a reliable and strong source of income. You can think about Data Technology which is the best and the easiest way that everybody can make money with: What Is Data Technology and How Can You Make a Fortune with It?
Second, you should invest a portion of the money you make. You should force your money to make more money for you.
How to Invest Money to Make More Money
I say how to invest money to make “more” money because only those who make a lot of money can invest a reasonable amount of money. So the first and most important requirement of making money through proper investments is to have a reasonable amount of money, which is possible only through having a reliable and strong source of income.
If you have enough money to invest, then you are one step ahead of others and you are much closer to become richer and richer…
The question is: how can you invest your money to make more money?
1. Invest More in Your Own Business
If you have a reliable and strong business that is scalable, it means the more money you invest in it, the more profit you will make. So, it makes a lot of sense to invest more in a business that is already profitable and is making a lot of money for you.
If your business is not scalable, then you either have to scalable it, or think about having a scalable business seriously.
You can easily start a scalable business that not only makes a lot of money consistently, but also makes more money month after month and year after year. Although establishing such a business needs a lot of money to invest at the beginning, you can start a strong and scalable online business much easier and cheaper.
2. Buy a Profitable Running Business
Although people rarely sell the businesses that are strong and profitable already, still you can find some good businesses that are for sale for some other reasons like the death of the main owner, divorce, retirement and things like that.
You have to be careful not to invest your money on the businesses that are broke and the owner(s) just wants to get rid of it. Unfortunately, there are so many who try to pretend that their business is so good and profitable, whereas it is already broke and close to bankruptcy. So unless you have a lot of experiences in running, managing, promoting, evaluating and buying businesses, you should never buy a business before you consult with those who are extremely expert in this sector, and before you do enough investigation and analysis.
Above all, you should buy a business that is already ongoing and active, so that you won’t have to reactivate it. The only thing that has to be changed after you buy the business is the business ownership that will be transferred to you. All the managers, workers and systems should already be active and in place.
Some businesses are not that profitable, but are very easy to manage. Also, their value will be added over time. For example, buying a rental building is not a too profitable investment. But it is easy to manage and maintain, and above all, its value goes up over time.
In general, when you have enough money to invest, you will have a lot of options to make more money. That is why they say the rich get richer.
3. Invest Your Money in Currency and Stock Markets
Investing your money in currency and stock markets to make more money is a good idea, but it is usually riskier than other investments. Although they can potentially make a lot of profit, they can be so risky as well. Many of the professional entrepreneurs and investors make money through currency and stock markets. But either they are so skilled and professional in analyzing the markets and locating the best investment opportunities, or they consult the professional and skilled market analysts and experts. Learn how I helped one of my friends to make hundreds of thousands of Euros in just one investment: Monthly Time Frame Is the King
As you see, currency market can be so profitable, but you should be able to locate the best and strongest opportunities that can be more profitable and have a lower risk.
It is the same with stock market. You should be able to find the best stocks that are cheaper, but strongly trending and profitable.
4. Invest in Real Estate Market
Real estate market looks less risky compared to other markets like currency and stock. This is true only if you invest your money in the best and strongest real estate markets. You have to invest your money where the money is flooding to. If so, you will not only make more profit, but also your investment will be safe and there will be a much lower chance of losing.
Money makes money. But you have to invest your money very carefully to make sure that at least if you don’t make any profit, you won’t lose your capital. Real estate market has such a potential. However, here also you either have to be expert in real estate, or you must consult professional and experienced realtors who properly know the area and the special real estate markets that you want to invest in.
The Rich Get Richer
This is so true. You have to have money first, if you want to make more money through the ways like investment. I always emphasize on this because it is very important. You cannot sit on the fence watching those who are getting richer. You have to take action and start getting rich which is possible through generating a reliable and strong source of income that makes a lot of money, consistently.
A reliable and strong source of income makes you rich, but you have to get richer through investing a portion of the money you make. I am sure you don’t want to be like the first group who only make and save money. Or, the second group that invest all the money they make. Or the worst group which is those who either don’t make any money, or their income is very low.
Are you ready?
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