Money Working For You vs. You Working For Money Money Working For You vs. You Working For Money

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Money Working For You vs. You Working For Money

Have your money work for you, instead of you working for your money.

I think it's safe to say that the majority of people work for a living. Most of us have our
regular routine of a Monday-Friday job, 9-5 that leaves us with little time or financial
freedom. Even when we do finally see our savings account rise, we keep it in the bank
earning little interest. Here are ways we can get smart with our money, and start have
our money working for us.

1. Develop Streams of Passive Income: This is a big one. Having multiple streams of
passive income can really earn you the big bucks, with doing little to no work.
Although it requires an investment initially, in the long run it will be a huge payoff.
Real estate investments are the most common and usually most rewarding forms of
passive income.

2. Store Your Money In Retirement Accounts: Putting your money into retirement
accounts such as a 401K or an IRA allows you to be invested in the market and have
your money potentially grow significantly. Don't give away free money. Put in however
much money your employer will match. After that you can transfer to an IRA.

3. Choose Credit Cards With Rewards You'll Use: Choose a credit card with rewards
that fit your lifestyle, this way each dollar you spend on your card is doing double
duty. Note, This is only a good method if you have the money to pay it off, don't get
yourself in debt!

4. Become a Silent Partner In New Business: Although starting your own company
can be risky, becoming a silent partner who invests capital but doesn't deal with daily
operations can come with many benefits. This doesn't give you a say in the business
but it allows you to make profit with putting in the work.

Have your money work for you, instead of you working for your money.

I think it's safe to say that the majority of people work for a living. Most of us have our
regular routine of a Monday-Friday job, 9-5 that leaves us with little time or financial
freedom. Even when we do finally see our savings account rise, we keep it in the bank
earning little interest. Here are ways we can get smart with our money, and start have
our money working for us.

1. Develop Streams of Passive Income: This is a big one. Having multiple streams of
passive income can really earn you the big bucks, with doing little to no work.
Although it requires an investment initially, in the long run it will be a huge payoff.
Real estate investments are the most common and usually most rewarding forms of
passive income.

2. Store Your Money In Retirement Accounts: Putting your money into retirement
accounts such as a 401K or an IRA allows you to be invested in the market and have
your money potentially grow significantly. Don't give away free money. Put in however
much money your employer will match. After that you can transfer to an IRA.

3. Choose Credit Cards With Rewards You'll Use: Choose a credit card with rewards
that fit your lifestyle, this way each dollar you spend on your card is doing double
duty. Note, This is only a good method if you have the money to pay it off, don't get
yourself in debt!

4. Become a Silent Partner In New Business: Although starting your own company
can be risky, becoming a silent partner who invests capital but doesn't deal with daily
operations can come with many benefits. This doesn't give you a say in the business
but it allows you to make profit with putting in the work.

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