Do you know what Bella Ciao is?
I bet those who don’t even know anything about it must have heard it somewhere.
What else can come to your mind after hearing it, other than “La Casa De Papel?”
Right now, your brain must be tricking you “Oh, this blog is a sheer waste of time, you will get nothing out of it.” That very moment, give it a shut-up call and keep reading. You have no clue what you are going to miss!
Strangely, majority of you know about the most famous series, where there is lots of information available to rob a bank. Sigh! You are far away from the land that teaches you the real ways of making money.
For the time being, clear your mind and concentrate on the quote:
“Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.”
Any guesses from where I have quoted it?
If you fail to do so and your mind is still stuck in that Bella Ciao, then I am sorry, you are doing no good to yourself. This quote is from the masterpiece book “Rich Dad and Poor Dad.”
However, if you feel that it’s time to tilt your mind and concentrate on knowing how to make your money work for you, be glad you have knocked on the right dock.
Without any further ado, let’s begin
Concentrate on building assets not debts
It’s the rat race going on; people are buying luxuries from their income and calling it “happy living.” To all those who are doing or have been doing that “Please stop becoming a part of rat race.” In love for buying luxuries don’t fill your debts column.
Whatever you earn, you should spend wisely. Before buying luxury for yourself, buy an asset that opens your way to get the luxury you desire.
For instance: you can consider investing in real estate. Usually, people are of the opinion that it is not a guaranteed investment, however, if you are smart enough and consider purchasing a property when the real estate market is down, it can give you a lot in the long run.
Take inspiration from Robert T. Kiyosaki, who purchased a 1-Bedroom condo for $18,000 in Maui, in 1973, when the real estate market was down. Later on, after 15 years he sold that condo for $375,000.
The twist in the story comes here; before selling that property, it was rented for $850 a month. Of course, he got an infinite return on that condo.
Let streams of passive income take you there
Who doesn’t want to earn while they sleep? It’s not a dream anymore; you can do it. All you need to do is to develop some smart streams of passive income. Now, this doesn’t cost you an arm and a leg. Just intelligent thinking is needed here.
If you have a blog, you can go for affiliate marketing and generate passive money from there. The world we are living in lies on the coast of “Youtube.” You tubers are earning a reasonable sum of money. You have to think of the topic you are interested in, create content and voila! You are good to go.
Invest in the stock market
Beyond any doubt, we can say that bonds sound good as investment. But if you compare it with the return you get from stocks, bonds don’t seem like a great deal.
If you want to spend in stocks, the easiest way to go about it is via one or more low fees, broad market index funds. Here, play smartly and invest your hard-earned dollars into the dividend-paying stocks. This is how you will generate regular income, and your bank account will give you a lively smile.
Some of the companies that offer dividend-paying stocks are:
Become a quite business partner
Investing in a new business sounds scary. After all, it takes a sheer amount of time to grow your small business. Moreover, you need to put in your hard-earned dollars to risk. Well, nobody is asking you to have your full-fledged setup. Become a quite partner in one of the startups of your interest and generate income from there.
Search for the budding entrepreneurs who are in the race of raising capital for their startup. Lend them a helping hand, become a partner by deciding a specific percentage. The team will work, and you will enjoy your percentage of profit once that startup starts yielding results.
Do yourself a favor and invest in yourself
Do you think that your current expertise are enough to get all the luxuries you want to have?
If you think so, why are you here reading this blog?
Don’t be in self-denial. Accept that there is always room to learn more and more. It doesn’t mean that you spend a hundred dollars in some degree course; merely short courses will suffice.
If you want to learn something that can earn you a lot in the long run, then do invest in acquiring a new skill. I would personally suggest you, go for some finance related course; such courses help you in gaining the needed financial knowledge.
Thinking that such courses are not your cup of tea? How about attending seminars then?
Seminars don’t cost you much neither they continue for days nor are they expensive. Search for the seminars around you and register yourself in those that are of interest.
It is so very crucial for you to develop financial intelligence. Remember that nothing is going to work unless you push yourself. To attain financial freedom and to earn while you sleep, do something today.
Educate yourself about handling your finance and adding more stars to your asset’s columns rather than liabilities. Make sure that you don’t buy luxuries from the income you earn, buy them from the assets you have made.
I hope this blog served as an eye-opener for you people. If you feel that I’ve missed out anything, do let me know in the comments section.