How To Make Your Money Work For You

6 essential investing principles everyone should follow

Eva Keiffenheim
Ascent Publication
Published in
6 min readMay 14, 2020

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Most people live from paycheck to paycheck. Many can’t afford any extras besides living expenses and don’t have money left after paying rent and grocery shopping.

Financial Literacy is inherited. If your parents aren’t smart about money, chances are high that you don’t know essential investing principles.

I started with no know-how in January 2016. But I committed: I took masterclasses, connected with financial experts, read 12 finance books, and attended conferences.

Four years later, I can say money management and investing is a skill you can learn. And it doesn’t have to take you four years to mastery.

Follow these essential principles, and you’ll find yourself on your path to making your money work for you.

1.) The best investment you can make is an investment in yourself.

You are the one in charge of every decision in your life. You are responsible for your worst and your best investments.

When was the last time you bought expensive consumer goods you barely used? What helped you making your best investment decisions like that ETF savings plan in your depot? Probably investments in your education.

Since you make all financial decisions in your life, it makes sense to invest in yourself: the better your knowledge, the wiser your choices.

“An investment in knowledge always pays the best interest.”

— Benjamin Franklin

How to apply it:

Set $50 aside every month to invest in books, masterclasses, or seminars.

I scanned through “popular finance books” sections and ordered the most appealing. On my shelf, you’d find The Intelligent Investor, Think and Grow Rich, or The Millionaire Next Door. I listened to audiobooks like “Rich Dad Poor Dad,” and after covering the basics, I dived deeper with expert guides on real estate investment and ETF strategies. Moreover, Niklas Göke shared a guide to the 14 Best Finance Books.

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Eva Keiffenheim
Ascent Publication

Learning enthusiast, TEDx speaker, and writer with +3M views | Elevate your love for learning with my free, weekly Learn Letter: http://bit.ly/learnletter