It is not only money that we need to invest to advance. It also needs to be mixed with the right strategy and good attitude.
When we start earning our own money, we often get overwhelmed with spending and soon, that overspending becomes a lifestyle.
We don’t immediately think of other things we can do with the money we earn, apart from just spending it until the wallet is empty until the next paycheck.
But it’s not too late for you to save and invest your money for other sources of income. Even if you don’t know much about investments, or you don’t know anything at all, you can still start your investments as long as…
DO YOUR RESEARCH
There are many investment 101 modules that you can read or watch online for beginner investors, including my REAL ESTATE 101.
Find out what the do’s and don’ts of investments are, how much you need to invest and how much you will earn from it, where it is good to invest, and what are the risks here.
Investing can be a bit complicated, especially for beginners. But once you have enough knowledge here, your next steps will definitely be smooth.
INVEST ON REPUTABLE COMPANIES
It’s not cheap and said to be low risk, the investment is okay. Investing is always a risk, so if you take a risk, you are sure to make a lot of money because you are sure of the background of the company you are investing in.
A golden rule in life is that if you want to be truly successful in life, you must be disciplined.
The same goes for your finances, especially when you start investing. Find out what is worth the risk. And don’t just make a decision that could make your investment lose money.
When you earn a lot from your investment, invest the money you earned in other companies. To give birth to the money you earn. Don’t just spend the money you earn. Always find a way to make your money work for you.
THINK. REFLECT. APPLY.
◉Do you have another source of income besides your current job?
◉How do you grow the money you earn?
◉Where else can you invest the money you earn?