Use Your Money to Make Money For You

[Mika]

Poor people can only pray for money because they don’t know how they can make money, they are too much concerned with petty things in life and they don’t have any resources to improve their knowledge and skills.

Gen Z works to enjoy life. Well, they want money, but they don’t want to hoard stack of cash, they work to make as money as they require, therefore, they prefer to work remotely.

Most people work for money, they work in companies and receive salary.

However, if you want to enjoy life like Gen Z and you don’t want to pray for money just like poor people, you need to use your money to make money. So, how do you do that?

You will have to use your money to invest in the market. You will have to invest based on your risk tolerance level and diversify your investment to minimize risks. Once you start earning dividends, you should use your investment profits to start a business.

 

[anil02]

I think any person who have spare money don't like to keep it in house. Most of like to invest in. If some one have not knowledge of stock market they will prefer to deposit in banks to earn interest. And we Indian like to spare money regularly to invest or deposit. Here people don't like to spend whole earning

 

[Jasmine]

Using your money to make money for you means you are either investing your money or building your own business. Investing and business both do not give you guaranteed return but you work on assumptions that you will earn profits. Between investment and business, investing is relatively simple because you can invest in stocks, equity, real estate etc. and your money will grow (provided the market is favorable). However, if you invest in your own business, you will have to work day and night to make your business successful. You will have to work for the product development, marketing, business management, etc. However, if your business works, it will yield better profits than your investment. The best way to make your money make money for you, you need to do different things at the same time, this will let you know where you are best at and which method will bring you profits.

 

[Finger Geek]

One of the reasons why most people remain poor is that they don't think beyond the box. All the want to believe is a miracle that will happen to them and the will become rich. Imagine someone that earns $50 monthly and he is expecting that he will buy a house one day. How is that possible with his very low income.

They do say that rich people will continue to be rich while poor people will remain poor. It does not really mean that those that have money and those that don't have but those that are able to think beyond the box. For us to be free from poverty, we must be ready to invest with our earnings.

Like for example here online. If we are trying to make money online with no investment, we will only earn little and it won't be easy. But if we fund like a trading account, with little effort we will be earning a reasonable amount of money more than those with no investment.

 

[saoussen5765]

This is why half of people are getting bank loans to buy new house as with salary you will never attemp purchasing a new house within couple of months and you stay paying for rental cost lifetime. With bank it could be done within 20 years of work and having own house after this period of time by considering paying debt monthly as paying rental of house to the bank then property is transfered by end of the payment schedule.