How To Get Money And Make More Money
Brian Tracy said it bluntly in his book Getting Rich Your Own Way: Achieve All Your
Financial Goals Faster, wealth is something that is derived from other modes or sources. You can actually earn lots of money, but you can only consider yourself wealthy if you can actually make your money work for you. This means that your money can help you generate more money . Simply put, what's really important is you are able to add more value to your money through a number of things: you go into business or make some investments.
How to Become Wealthy through Investments
When you are talking about finance, investments actually mean the buying of any item or a product that has its own value, with the hope that you will gain favorable returns in the future. In other words, your main aim is to make use of your money so that you will be able to make more money.
Cash Accounts. Are you seeing green? Obviously, every time you hear about cash, you will never fail to imagine those crisp green bills that could be the last ones in your pocket. However, when it comes to investments, you should go beyond this. Cash accounts can come in a variety of forms. You have certificates of deposits, money market funds, as well as checking and savings accounts. If you're basically starting in the world of investments, you may want to start out with these because of the following benefits.
For one, you wouldn't have any hard time accessing them (as they are very liquid). If you happen to have a checking or savings account, you may have noticed how convenient it is for you to present your check or feed your ATM card and viola! Your cash is with you. You can earn with minimal interest, you don't need to sweat for it. These financial institutions automatically credit the amount to your account. Most of all, you don't lose a lot, just in case the risks go against you.
Stocks. These are a little bit more complicated than cash accounts, but you will still be earning something out of them. There are already many companies that offer stock options to their employees, so you may like to ask the management you're working for if they're open for stock purchases. However, if the company you work for doesn't have stock option, you can simply look for any corporation whose stocks are open to the public. The investment you make to the company is referred to as share. Hence, if you own 1,000 shares in a corporation with a total number of 100,000 shares, it means that you are a 1% owner of the company. You can earn money from your stocks in two ways. First, you have the dividends. You can also earn whenever you sell your stocks at a price higher than the purchase cost.
by: Lawrence Perry
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