Making money work for you

This is one thing most of people I met have hard time understanding, or if they do, they do it all wrong.
What would you think if I said you can :

“Make your money work for you.”

Sounds interesting right.
Well, let’s understand what it really means and why you should be doing that.

Let’s try and compare it with conventional — Making people work for you.

If you own a business, you know how it works with people who work for you. You pay them in exchange of their service to you. The person works 8 hours a day for 5 days a week with leaves and personal time offs. You get your work done but your money also got used in covering a lot of the non-work related stuff. Also you can’t be really sure if the person did his 100% to bring true value to your money, after all we are humans.

But let’s say you bought a piece of real estate. You found a good deal and you invested your money into it. Now in this case, instead of a person, your money starts working for you— day-in-day-out. No breaks, no leaves, 100% output in appraising the value of your estate.

It works even when you are asleep

Similarly, if you bought a small scale factory or put all your investments into starting one, you are putting your money to actually create an asset which after the initial nourishing will start running on its own. And when that happens, you get free and it becomes a money generating entity for you.

We need to start looking at our assets column and work towards building more and more assets.

The biggest advantage of making your money work is that you don’t have to work

So, if you are thinking of complete financial independence where you are not dependant on your salary or planning for an early retirement, you now know what to do.

All the best!