Use Your Money to Make More Money

[Jasmine]

It does not matter how much money you make, what actually matter is how you are using your money to make more money. If your money does not make you more money, no matter how much money you are making, you will remain broke all your life and have difficulties in managing your finances.

The primary goal of making money is not to spend, instead to invest and make more money. Why should you invest? The reason is pretty simple, to ensure that you have financial stability and you continue making money when you no longer can work to generate money.

When you invest money, you can also enjoy life by rewarding you with expensive products, going for a vacation, etc. You cannot enjoy life when financial difficulties are at your door step. You can enjoy life only when you are financially secured. If you have investment on multiple portfolios, you have financial stability, and you can enjoy your life.

 

[Mika]

Yes, you cannot enjoy your life when financial difficulties are at your doorstep. Therefore, you will first have to focus on building your wealth and securing yourself financially. However, let’s consider this. Regular saving and regular investment will build your wealth in 20-25 years. By that time possibly, you would be old. What would you do with the money in old age if you could not enjoy money when you were still young? If you are too focused on building your finances, making money from your money, building your wealth, and things like these, happiness will be gone from your life. Since you are too focused on money, you will not have time to visit your parents and have a peaceful day with them, you will not have time to enjoy your kid’s football match as you have to attend a business meeting, and you cannot enjoy a dinner with your spouse in a posh restaurant.

 

[eldavis]

There was a time I came across some persons who argued about which was better between savings or having an investment., The truth of the matter is that when it comes to making money, you actually need money to be able to earn. You can save hundred of dollars, but once you start spending form it, it's gone. The best thing to do would be to have investments that would create multiple sources of income in the end.