Putting Your Money To Work

"The impression was gaining ground with me that it was a good thing to let the money be my slave and not make myself a slave to money." -  John D. Rockefeller

Ask yourself, what is my money doing? 
Is it sitting in a bank account collecting 0% interest? Is it stuffed away in a safe or mattress losing value every few years? Chances are, you're saying yes to one of these questions. I'm not blaming you, you just need to be educated.

My friends, let me tell you something. If you think the key to being well off is working for someone else and saving your precious pennies you're just plain wrong. The key is to save, but once saved up put your money to work. I don't suggest savings accounts, Cd's, etc, unless you have a fat amount saved up (100K or more) I suggest investing in something that you know. It could be stocks, real estate, a business, etc. Whatever it is you need your money to multiply.

Why you ask? Why can't I just play it safe and put my money away? Because inflation along with the cost of living will continue to rise. If you want to retire and live well doing so you need your money to accumulate. I suggest you do your own research before just going to your bank and talking to an advisor or broker. Why do I say this? Because all too often they're looking to make money off of you, not for you. I suggest doing you're own homework for your own good.

I also suggest diversification. There's never such a thing as a safe investment. Income can be disrupted at anytime. To protect yourself against this you need money coming in from different places. 

Knowing how to make and save money is the key to getting ahead. Follow this blog and I will show you how