Investment

10 Rules Of Making Money

10 Rules Of Making Money

You can be enslaved by money if you fail to understand it. Money has the capacity to set you free and provide you choices if you let it.

Making decisions about money can easily turn out terrible for you if you don’t have a set of your own rules that you follow.

You can use these rules to inspire your own money rules that help you make smarter decisions, and work less, so you can enjoy life more.(not a financial advice)

1. Give every dollar a job

You will destroy yourself financially if you save money. Inflation and money printing eat away the value of money you keep in your savings account. This is why it’s a good idea to give every money a job.

Giving each money a job allows your money to work for you, not against you.

Lazy money sitting around doing nothing can be bad for you financially.

allocate some money to do nothing as a safety blanket, but beyond that, every money is put to work.

How do you put money to work? You invest your money.

2. Pay yourself first

This rule is that every money deposit into your bank account must pay me you before it’s spent elsewhere.

The desire is to spend first and invest what is leftover. This will leave you buying more than you need, resulting in you having to work harder and for longer to reach your financial goals.

What you pay yourself when you get paid matters. 50% is a drastic number to pay yourself if you’re serious about getting to financial freedom faster.

2. Avoid the temptation to flaunt your money

Every money you flaunt is another day you have to do work you may not enjoy.

Let’s face it — not all work you do, you love. Some work you do is to earn a living and nothing more. Sure you can get paid to do work you love, but at some point you’re going to do work you dislike too.

No one cares how much money you have deep down. All they want to know is this: What’s in it for them? Answer that question and money will take on a whole different meaning.

3. Have a backup plan when the world goes upside down

The financial good times we’ve lived for so many years can delude us. Every so often, the world gets turned upside down.

A mystery health crisis can surprise us.

Record unemployment rates can occur.

Acts of terror no one could predict can happen.

When these uncertainties strike, your backup plan saves you and those you love. Being prepared for uncertain times helps you to go to the next level when other people need help. You can’t be helpful to others anywhere near as much when you desperately need to help yourself financially.

4. Use money to solve problems

There are plenty of millionaires and rich people. Many of them only create problems rather than solve them.


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You no longer become a slave to money when you use it to solve problems. Your money can go a long way with a little bit of creativity and imagination. The more you seek out problems to solve, the more money you will attract into your life.

Solving problems gives you fulfillment and it helps you derive a different form of value from your money.

5. Set your risk appetite in advance

If you don’t decide in advance what risks you’re willing to take with your money, you will lose, some, if not all of it.

The number one way people lose money is by taking on too much risk. And many people accidentally gamble their money instead of investing it, because they don’t understand the risk of what they’re investing in.

Setting your risk appetite in advance helps you sleep at night when your money is working hard for you. This process is different for everybody and looks like this:

6. Know the 8 fundamentals of the investment world

Study this list until your eyes bleed. These are the workplaces you can send your money to, so each dollar can go to work for you.

DerivativesReal estate investingStocksGold and silverBondsTreasuriesDigital currenciesLeveraged assets (assets bought with debt)

Learn about these asset classes and understand what the pros and cons are of each.

7. Invest the profits in your growth

Once you’ve put your money to work, you can grow your money further by growing your mindset.

> How you think about money matters just as much as how much money you have.

If you think money is evil, then no amount of money will help you, or others. If you think you’ll always be poor, then you will be.

You grow your mind through challenging your beliefs about money through books, online courses, and education from people who are smarter than you. The history of the world can also teach you a lot about money and what causes financial markets and businesses to collapse.

8. You probably need less money than you think

It’s easy to fall for the lie that you need millions of dollars to be happy. When you learn to live with less, you don’t need to dedicate so much time to making money. The difference between a 6 bedroom mansion and a 3 bedroom townhouse is not as substantial as you might think.

Both homes keep you warm, protect you from the rain, keep you safe, and allow you to be around those you love. The feeling of extra bedrooms and modern finishes wears off, generally after a month. Be okay with less stuff and you’ll have more of yourself to give to those you love.

9. Take some money and throw it down the drain

This rule of money is to throw some of it away.

Homeless sheltersFood BanksStrangers who need a break

Many rich people spend their entire life trying to make more money and hold on to what they’ve earned.

When you learn to throw away some of your money, it takes on a different meaning. Your reason for earning money slowly changes.

10. Money from the heart is beautiful

The best type of money is the money you earn with your heart. It’s earned when you put your heart and soul into something and genuinely care for people you’ve never met. For me, this work takes the form of writing.

When you care, people feel it, and it moves them to take action; you attract people into your life that you could have never imagined connecting with; your circle of friends, mentors, and allies grows and you feel socially fulfilled.

Make part of your income using your heart.

Note:  Working hard for money all the time is exhausting. Life is meant to be enjoyed, not overworked for the rest of your days on this planet.

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Dominic Nwodo

One Of The Best Content Creator/Blogger In Nigeria. ?DM Me For Business 08109211747

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