If there’s one thing the rich do differently than the poor, it’s that they put their money to work instead of working for their money.
The one thing to remember along the process is that the ultimate goal is that you make your money work for you. After all, being an investor is a lifelong activity so you want to find something that you’ll actually like to study. It’s crucial you choose the asset that best suits your personality, values and lifestyle. Pay attention to the investment areas that you find most interesting. Why not? It’s easy just to let someone else handle their finances so they don’t have to think about it!īut know that there are many, “alternative-investments” available to help you reach your goals of financial freedom. And those who do not have financial intelligence often just hand their hard-earned money over to these people. Many of the financial “experts” out there promote these investments as less risky and the “safe” way to go. Most of the major financial magazines and television shows focus on stocks, bonds and mutual funds, also known as paper assets. In fact, the best way to make money is as an investor - but the question I’m often asked is: How do you make that money? If your monthly income as an investor does not come from a job, then where does it come from? Be Clear in Your Investment GoalsĪs you increase your financial education and conduct research, you’ll find that there are many investments out there. Instead, they make their money from their investments. This path is precisely how the rich make their money - and it’s not from an hourly wage or salary. Well, what if I told you that there’s another way? Another path in life that doesn’t require you to trade time for money? A path that allows you to follow your passion, achieve financial freedom, and reach your life goals? Now I’ve piqued your interest, right? Also, it feels like a safe and secure path because it’s the traditional route. Most people make money this way, because it's what they are taught to do by their parents or teachers. Up until now, you’ve probably thought the only way to make money was to go to your job every day, and collect a biweekly paycheck in exchange for your work. Instead of thinking about your children, spouses, friends, aging parents, and others first, you actually need to focus on what you want. Why? … Because your goals of financial freedom are very personal, and they depend on what you want to accomplish in life.Īnd for many of you out there, this may be a new concept. I am asked this often, and it’s a question I can’t answer. Financial freedom is about how you invest understanding these 2 types of investment income will get you there.
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