Money is the Honey to your life-batter

ushmil (44)in #life • 5 years ago

Hello everyone! Today my blog is on how to grow your money and even if you haven't started earning yet, start reading my blog now...

1. Save your money.
Save some money everytime you get your payment or so. People say it's exhausting to save money but is it really impossible? Even a peso or a dollar saved a day will amount to something greater someday. Never underestimate the value of saving something for a rainy day.

2. Invest your money.
Grow your saved money by investing it. If you can afford to have a VUL then go for it now. Also invest in equity index funds (mutual funds) if your risk tolerance is low.
You can keep your money in a bank too, with high interest return and that's the safest way as you can withdraw your amount of money anytime you want.
Find reputable companies to invest your money in.
Always check where you put your money. Don't just believe hypes and follow what your neighbor or friend says. Be a responsible investor. Be aware of cheat funds.

3. Scatter your investments.

Fnance savvy people usually give this advice. It's true and helpful as you don't lose all your money if any of them fails. You gain some and lose some. Such is life.

4. Take on jobs and side gigs based on your interest.

Earning money ethically from whatever you are good at is an easier way to make money as opposed to starting at the bottom going up. Of course everyone starts from scratch but we do not develop the expertise to do all the things we start doing. We choose the things to do based on what we can do or what we like.

If one day you decide to start another career then it may take you longer to get the right skills in it to earn big from it too. At times it may make you advance in that field faster if you have the right drive. It all depends on what you are willing to sacrifice for, no matter the return. If it is really worth the risk in the long run then go start on something new again.

Sometimes it doesn't matter if you like what you do or not. If you are good or even great at something, monetize your skills. It may be a hobby or just something you like to do. If it is part of your job, you can take on side gigs based on it whenever there is an opportunity. Of course it is better if you like what you do too but not everything you like to do can bring you good money.

Work will always be part of adult life so find ways to improve your status in life without abusing or hurting anyone in the process. Don't allow anyone to trample on you too.

5. Know the kindness of donating.

Even if you were raised in a family who does not know how to give freely to others, it is not too late to start now. If you give often, you will receive more often too. It may sound illogical but the universe does not operate purely on how we think. It also has it's own rules.

Share what you can and don't go overboard. If you can't afford to share something monetarily then offer your time and service freely to others. It also makes you appreciate the things you have as opposed to always wanting something from others.

Sharing makes other people happy as opposed to you always taking and receiving from others. You know what they say, sharing is caring.

image source- pixabay

Hello again friends!

As you all know that I'm a new here and I'm trying my best to survive here but it's not really possible without your support and help.

I'm a quite busy a person in the world outside, like you all. But this fascinating world has engrossed a part of me as if. I'd keep posting new things and write blogs for you all.

And all you need to do, is to pay a bit of your attention to my contents.

Thanks a lot for sharing your time with me.

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And as @ushmil says,

In case, this content goes into your eyes involuntarily, rinse with cold water... Oops! I mean, just let me know dear... You won't get tagged anymore!