Now most of us want to be financially free as soon as we can, but we do see only a few of us can do that. Who doesn't want to visit unique places and travel all over the world and enjoy their life? But why a few percent of the entire population are able to do that, I am sure you all have seen many YouTubers are traveling all over the world and earning more from that too, they are traveling the world (in less money) and sharing that with others and earn from. But they are still not financially free they all have to work to earn and travel.
We all have our own expenses we do need a fixed amount of money for even if we are earning members of our family or maybe not. we all do need money for our basic needs some of us do spend a lot of money on bad habits but in the long that did make a bad compact on our life. If you do the opposite of that it is going to help you in the coming future, some people do believe in the term live in the present and many more things but that is not really an ideal way to live. Those who say that they do owns a lot of assets that are paying them a good income so they don't even have to worry about that.
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So, how you can make your money work for you? there are many ways to do that if you will look over the internet there are so many ways you can try to do that. To be honest the path is not going to be easy that is why not all are able to do that, I am not saying that it is an impossible kind of thing. The key point that you have to focus on that is to try to be regular/ consistent in whatever you do. If you are inverting/ saving then try to be regular of the year, nothing is gonna happen in a day or two. It is gonna take some time to happen. If you will win a lottery of million that is a totally different case but the chances are you will be at the same stage in a few years if you are not gonna plan your investment, expenses, and other things. If all of a sudden you will get millions of money I am sure you will are gonna spend that money recklessly.
So, the thing is simple you just have to be regular with your investments. We all do have problems in our life some are financial problems and some are other types of problems keep one thing in mind life is so uncertain. you never know what will happen tomorrow, but that doesn't mean you have to just sit and do nothing ??. If you do that, then it will gonna make things worse for you. It doesn't matter how much you earn just try to be regular with your investment I am sure the amount is going to be small but slowly as your income did increase you should try to increase your investment too by diversifying your portfolio (this is gonna be the main point).
If you will be regular towards your investment then in less than 10 to 15 years are gonna make a good amount of money from your invested money. There are so many places where you can invest your money and earn a good income in the form of passive income:
- Invest in real estate.
- Invest in Stocks (that give dividends)
- Invest in Crypto (I will suggest you invest in Hive and HBD).
- Invest in Gold
- Invest in Mutual funds
- Try to invest from where you can earn a passive income and reinvest that money again.
I am sure most of the people who will read this post are gonna say "we should have money to invest !"(????? ??? ????? ???? ?? ??? ???? ???? ?????). yes, that is true my suggestion will be simple you should start with a small amount and that will make you habitual to invest. I am sure we can arrange a small amount. One more suggestion never invested borrow money or never loan to invest.
You never know if that is gonna give you profit or not!
This is not financial advice, invest in your worn risk. T&C applied ??
What do you think?
see you in the next post, till then keep learning and keep exploring
