Holicent
VIP Contributor
Money isn't something you can create out of thin air. You need an idea, and you need to find people who will pay for that idea. The process starts with asking yourself what you want. Do you want to open a coffee shop? Write a book? Start a company? There are lots of ways to make money in the world, but each one has its own challenges and rewards. And every path has its own risks and costs.
Once you've decided what it is exactly that you want, it's time to figure out how much money you'll need to achieve that goal. You can use this calculator from The Financial Journey Man (an awesome financial website) to help figure out how much money you'll need in order to reach your goal.
If your goal is really expensive, like starting a business or buying an apartment, then it's time to get serious about finding investors who will help pay for it. If your goals are more modest, like saving up enough money for an engagement ring or paying off student loans, then maybe it's not as necessary right now for you to raise funds from outside sources (unless there are other reasons why having extra cash would help).
Once you've decided what it is exactly that you want, it's time to figure out how much money you'll need to achieve that goal. You can use this calculator from The Financial Journey Man (an awesome financial website) to help figure out how much money you'll need in order to reach your goal.
If your goal is really expensive, like starting a business or buying an apartment, then it's time to get serious about finding investors who will help pay for it. If your goals are more modest, like saving up enough money for an engagement ring or paying off student loans, then maybe it's not as necessary right now for you to raise funds from outside sources (unless there are other reasons why having extra cash would help).