Tips to grow your money (part 01)
Greetings friends, today we are going to give some tips to multiply the capital, to make our money grow, I hope you enjoy it.
Put your fears aside, if you want to grow your money you must risk investing, many people have the wrong idea that having the money in the bank that is an investment, having the money safe in the bank can make it lose its value due to inflation, it is best to invest.
Keep all your assets in optimal conditions, a quick example is your car, you must have maintenance up to date, otherwise it will end up breaking down and you will pay more money for what you will spend more, so keep the maintenance of your house and your assets up to date. Remember that yourself are an active, eat well and take vitamins to avoid costly diseases.
Starting now, for investments to give money usually takes a while so it is better to start now the longer it takes, the worse it will be for you, the younger you start a business or an investment the sooner you will enjoy it.
Stay away from unnecessary debts, sometimes when trying to get out of one debt we generate another we must create a habit in which we do not have debts, we only have to get into debt for important things such as a loan to invest, if you accumulate many debts you will not be able to invest.
Invest in yourself, there is a lot of free knowledge that professionals give, you must learn about finance you must invest your time and if you can some money in courses that prepare you to identify better opportunities, knowledge is power , always has been that and that will never change.
High-yield savings account, this type of account only works in countries where there is not a high inflation rate, this type of account helps us to have the maximum benefit for the money saved, we must always have some cash saved To face any adversity, let us remember that in order to invest we need money.
Reduce your expenses, it seems obvious, but it is important to try to live with less, it is not about living and eating badly, but an austere life will allow you to invest in the future, you should forget about expensive clothing brands, reduce telephone expenses, Electricity expenses, the expenses of restaurants, it is better to make an hourly effort in youth to be able to invest and enjoy those investments in old age.
I do not want to make this publication longer so we will leave more tips for a next part.
Thank's for read
Hello @ramsesuchiha!
Very good advice that you present. Sometimes we want to start a business and we don't even know where to start or we don't master the area where we want to venture and that will be reflected in the long run and will bring us losses. Greetings!
That's right, friend, we must prepare, thanks for reading
hi @ramsesuchiha ,
one of the phrases I like the most is the one that says "empty your pockets in your head and your head will fill your pockets", this refers to what you say about investing in yourself as a way to increase your income because with more education you will have more access to new opportunities to earn more money.
we totally agree friend, thanks for reading
I must say, these are excellent tips you dropped here. The first tip really got my attention. We must put away fear if we must make anything worthwhile. This is because, fear and taking risks do not go together. Of course, we need to take certain risks at certain times.
Thanks for sharing this amazing piece buddy
Just being alive is a risk, so it is better to risk a little money, the idea is to analyze well the investment you are going to make, thanks for reading
These are truly very useful tips to grow our money. Thanks for sharing this nice content with us @ramsesuchiha
thanks for reading
Nice points raised and interesting to read through as well. Thanks
thanks for reading
Investing in self is a very good way for having a steady financial life. Debts are also really terrible decisions that we need to stay away from at all times.
That's right friend, thanks for reading