This is probably the most asked topic I get. Investing is viewed as important because money loses value every year. People want to know what to do with their money, rightfully so. And there are many people who believe they deserve your money more than you! You cannot save yourself rich is a popular phrase these days. You can indeed use goal-oriented savings for assets which in turn will make you rich.
Do not let the instant rich and new money distract you. Climbing from poverty into wealth is nowhere near the same journey as moving from middle-class or pre-existing wealth. You are still capable but you cannot use their method because it‟s often built upon tricking the poor and middle-class out of money.
If you budget your earned income then save up money to execute major money moves you‟ll win. I will get into more detail but you can be successful with this knowledge alone. You cannot rely upon someone‟s program, master class, or "brand new opportunity." You must rely upon proven methods because there is no one to bail you out! This will be your advanced investing guide.
There are four prime investments you can make at a higher level to build a future: Real Estate, Intellectual Property, a Pre-existing Business, and People.
You will notice how crypto-currency, stocks, bonds, retirement funds, and insurance are not on this list. Starting a brand new business isn‟t on this list. We will get into these ideas later. Some of these methods are extremely volatile and could cost you your life savings if the market crashes. The others grow so slowly or can cost extra if you ever actually need them! It‟s good to have all of these building blocks but they are not a lifelong game-plan. They are supplemental investments.
Being able to have insurance cover a major disaster is great. It may also have your rates raised every month after said disaster. To being able to liquidate your stocks when you‟re in need of some extra income is nice. Then you must find the money all over again to be able to buy more. These ideas hold value in theory but not often in actual practice. Some people will swear behind them, so I advise finding people earning millions in these fields to teach you. Specifically find the people making millions who are not making millions off of selling the idea of stocks, crypto-currency, or insurance.
First let‟s discuss how you can actually multiply your money not shelter or move your money.
When I think of investing I am either thinking of opening an income stream or multiplying my income. This will then let you know what the best investment could be in the future. You‟re looking to move your money into an account where it‟s raising in interest. You can also use your money to build/create a product or to perform a service which earns more than it costs to produce.
I simply want you to begin seeing an investment as a transaction generating more cash-flow for you than you paid. I desire this because the mainstream perspective is serious only stocks, business, bonds, real estate, mutual funds, retirement, and collectibles then your options for investments are exhausted. While there are a myriad of stocks and businesses to start the success rate of both are sketchy.
You can use the image of buying something from Goodwill or finding a good deal on Facebook marketplace. When you get the item you notice it‟s in great condition but doesn‟t quite fit your needs. You can‟t believe how great the product looks, do a bit more research and discover it originally cost 4x what you paid! You have a human conscience so you resell the product for twice the amount closer to its exact value to another human. Or you sell it to a niche antique collector for its original price.
You don‟t have the same control when it comes to stock because you don‟t control any aspect of the business or how it‟s run. You are a spectator desperately dependent upon your equity increasing. I will proceed to direct you toward an entirely new perspective of earning money in a few minutes as my eyes had been opened.
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Wealth, Health, and Success
General FictionDereck and Amelia are struggling with their finances, communication, and relationship. Their landlord is trying to evict them. A painful breakup looms for the soulmates if they lose their apartment. The basic demands of society threaten to rip the...