🌳 How To Make Money With Money

QUOTE OF THE DAY

MAKING MONEY WORK FOR YOU

439 Words | 1 Min 36 Sec Read

We have said it before but will say it again, if you work for money, you will be working for the rest of your life. Day in, day out. There is a drastic difference between the wealthy and those living ‘paycheck to paycheck’ and that is that the wealthy have money working for them whereas the rest work for money. But how does someone possibly have money working for them? How does that even make sense?

Believe it or not but you can actually make money with money.

How?

Investing, which is essentially putting your money to work by spending money on something that is projected to give you more money back in return.

This is accessible to everyone, anyone can invest just as the wealthy do but very little know-how so it’s not a skill problem but a knowledge problem (which lucky for you, can be solved.)

The path many of the wealthy take is to first build up their cash pool. This is through working jobs, starting businesses, side hustles, anything! Then with that pool of money their figure out the best way to utilise it and make it work for them. This way they can put in the hard graft for a period of time and then take a much more laid-back approach whilst still being able to live a fulfilling and comfortable life.

Now this is not a newsletter Issue about investing, It’s about why some are able to have money work for them and others are not and it all starts off with your core beliefs.

The first one is that the majority of people worship money, they put it on a pedestal and look up to it. They spend the majority of their waking hours working for it, they attach emotion to it and it controls how they feel and how they act. It’s also secretive, how much money you have is almost like a number not to be revealed as if it’s a secret score of some sort.

Their whole lives’ focus point is money, it controls every decision that they make, and it’s what they work towards in hopes that it will make them happy. This is however the completely wrong way to think about money, this way will keep you trapped in a cycle, a chase.

The wealthy think about it slightly differently, they see money as nothing more than a tool, a tool to help them have access to the luxuries in life that they desire. Money is not controlling their every move, nor is it controlling their mood but it’s just an accelerant to what they already are.

ACTIONABLE NEXT STEPS:

Learn from the past.

The fantastic thing about social media is that you have more access to information than you’ve ever had before and not only current information but information from the past so if you wanna know how to achieve success and freedom, find someone that had done it and study them. Easy peasy.

TAKEAWAYS:

Everyone (mostly everyone) starts off at the same point

Remember that no one is more skilled than you in terms of knowing how to go from A-Z. They probably knew how to go from A-B and then figured out how to go from B-C and so on and so forth.

BOOK OF THE WEEK ⤵️

The book of the week is ‘Good vibes good life’ by Vex King. Now as cringy as this book may sound (admittedly, it does) It’s actually a fantastic read full of wisdom, inspirational messages, advice and guidance on self-love and transforming negative emotions into positive ones. Check it out HERE 

CREATOR OF THE WEEK ⤵️

@pricelesstay

⬇️ adulting can be tough, especially when it comes to finances. But have no fear, we're here to make it easier! 💪💰 Are you feeling the wei... See more

The creator of the week is @Pricelesstay, a US-based finance creator that makes content to help GenZ get better with money. Her content is engaging, helpful and most importantly consistent, definitely one to follow if you want to level up your finances.

LESSON OF THE DAY ⤵️

Treat yourself as someone that you’re responsible for.