A few days ago, I talked about how important it is to save money and use that money to make more money which most people don’t do. They believe the money that they save should be used to pay bills but sometimes saving money is not the hard part, the hard part is how you can use the money to make more money and this is why most people don’t stress themselves to think about using their money to make more money. They don’t want to challenge themselves by trying things that can make them lose more money.
It is fine to save money without using the money to do anything because in the long run, it might turn into a lot of money and you can leave for your family or you can use it to support yourself when in need of financial needs. Using money to make more money you have to understand some simple principle that most people don’t and why they go out there losing all the money that you had saved in the process of trying to make more money. Some people don’t have a strong mind to keep trying things out. Immediately they tried once and they failed they stopped and that’s the end. They decide to just keep saving money without trying to use it to make more money
You can do it
We have different ways in which we can use our money to make more money and this is called investment, we can invest in stock and some other platform and we can decide to start up a business. Whatever you decide to do with your money there’s one thing you must understand which is you must not do it alone. Doing it alone will put you through a lot of stress not only that, You might lose a lot of money, which might put your finances in jeopardy. You must seek help, what I mean by seeking help is to seek information rather than letting your ego take over that you can do it by yourself.
Thank God, we are in the era of information. You can simply buy a book or go to the library to read about what you want to put your money into, You can watch YouTube videos and search for information on goggles to be knowledgeable. There is nothing bad in trying to gain experience as you go, but when it comes to finance, this may make you lose a lot of money and if you don’t have a lot of money to waste, it is better to take your time to seek information, but most importantly to seek information from people and not just people but people that have the firsthand experience of what you are trying to do.
Seek information from people who are doing the things that you want to do
It is very important to seek information from people who are into business or investment where you want to put your money . The information is powerful because this will not save you from losing money alone, This will also give you years of experience their experience will go a long way in helping you to make better decisions for yourself. People lose money by giving their money to people who don’t understand what they want to put money into, most time it always ends badly.
Don’t let anybody talk you into giving them money when they have little or no knowledge of what you want to do. You should go and meet those who are doing what you want to do. You can even pay them to have dinner with you so that you can talk. Don’t be shy and don’t let your ego take over thinking that you don’t need them. You might succeed on your own, but may require a lot of effort and mistakes and wasting a lot of money to get it right but information here and there can save you tons of money time, and effort.
Thanks for your time.
