MAKING MONEY A SLAVE IN THE 21ST CENTURY - ITALKWHATISEE

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Tuesday, November 21, 2017

MAKING MONEY A SLAVE IN THE 21ST CENTURY


You could go out to see a movie; you could treat yourself to some good lunch or buy an extra t-shirt. Getting that roasted corn by the roadside is just so little maybe #100 or grabbing a pack of popcorn at the cinemas is just #400.Treating yourself to good things of life that costs little isn’t bad but do we really look at the cumulative effect on our finances. Thanks to the availability of ATMs all around the mall, shopping complexes; POS everywhere and even bank mobile app giving us free access to our savings with no hiccups at all. The cumulative power of little spending can be
disbelieving and this is how some people get into trouble before the month ends
If you are in damn need to spend this money why not but if not, why not make this money work hard for you as you have worked hard for it. I know you will be thinking: ‘how do I make money work for me?’

WORK – EARN – SAVE CYCLE


We are all taught to finish school so we can get jobs or business to earn a good pay or profit  and then save a little from the earnings. This has been the trend long enough. We work so hard trading our time and effort to make money then we save it. Saving is like pampering that particular thing that took life out of us.  Isn’t this wrong enough, but that’s the error we commit every day we work for money but we don’t allow money to work for us just for a minute.


Have you thought of making more money from the money you have and not from the additional effort or skill?




INVESTMENT IS THE ANSWER

Putting all your financial obligations on the income from your job and profession can be overwhelming and that’s the reason why we are never satisfied with our income at the end of the month. The income is based on your effort and there is a limit to what you can do (and earn). It’s like walking on one leg, not that you won’t move but it will be very painful, slow and energy exhausting.
This is the reason why we all need to have an investment; the second leg so that our finances can be balanced.

MISCONCEPTIONS ABOUT INVESTMENT

I once met a young man who so much desires to be successful in life. He works for a production company and he earns an average salary. He later thought to himself that he needed to make investment so as to help his finances. He decided to venture into sales of frozen foods down the street.
The young man has not in any way made an investment, he only ventured into another business. If you cannot leave what you call ‘investment’ for at least a year without your physical presence and it’s still bringing money for you or appreciating in value then it’s not an investment. What will happen if he doesn’t open his frozen food shop for a year?  
Get-rich-quick, lottery or Ponzi scheme is not investment. These combine robbing ‘Peter to pay Paul trick’ and luck together. Any platform where your win is based on luck or where you win from others losses is not an investment.
Don’t mix up the term ‘calculated risk’ and ‘prediction’ – They are not the same! Calculated risk is based on brain work and calculations using facts, emotion or feeling is not attached. People who bet only calculate their winnings while investors calculate the process of winning

THE WAY OUT

Saving makes money lazy for its owner while investment makes money work for its owner. If your skill, effort and time are precious asset to you then whatever to use then for must pay back in a million folds. Sitting back, to make investment as little as $120 in the proper venture can ignite your power of making money with money.



FOR FURTHER ENLIGHTENMENT ON CHOOSING AN INVESTMENT PLATFORM CLICK πŸ‘‰πŸ‘‰ FACEBOOK MESSENGER

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