How to Put Your Money to Work

QUOTE OF THE DAY

HOW TO PUT YOUR MONEY TO WORK

423 Words | 1 Min 42 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, 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 with 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, they figure out the best way to utilise it and make it work for them. This way, they can put in the hard work for a period of time and then take a much more laid-back approach while 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 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 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 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 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; it’s just an accelerant to what they already are.

ACTIONABLE NEXT STEPS:

Learn from those who have been there and done it.

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 want to know how to achieve success and freedom, find someone who has done it and study them.

Easy peasy.

LESSON OF THE DAY ⤵️

You’ll find your passion through experience; if you haven’t had enough experience, you will struggle to find your passion because you don’t know what your choices are.

Don’t be in such a rush to find your passion or your purpose, because if you do rush it, it will end up being something that isn’t true and that you inevitably end up regretting.

Allow time and experience to help you discover what is meaningful to you.

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