What I’ve learned about $$$ through real world experience :)
1. CIRCULATION: Your money has to be in constant circulation to really be worth something. Meaning, you have to risk losing it by temporarily lending it to gain a profit. Here’s where your knowledge of the market comes in to make smart decisions/to prevent a loss.
2. TIME: There are LOTS of ways to make money, so many options! But whatever option you choose, you have to be dedicated to it. Because, money, no matter how you’re making it, no matter what you’re investing in, ALWAYS requires time to grow.
3. GROWTH: Just like it requires time, money also requires reinvestment to grow. Start with a small operation. As you profit, think “how can I reinvest this income to make my operation bigger? What is the best, most effective/productive way to scale my operation/market?” Growth is key. Always reinvest/throw all profit back into your business/investment.
Three lessons closer to financial independence :D
*Readers: Please share more tips/things you’ve learned about money.