Let Your Money Work For You
If you have some saving in account after whole year of hard work, what will you do with the money? Most people have wonderful plan for it. Plan for vacation, plan for new car, new hand phone or now more to smart phone and so on as you can name it. They spend all and restart their saving at the beginning of next year for new plan. Spend it! That are what most frequently heard of or we are just the one of them.
This is definitely not the type of people that can become wealthy in the future. Just because of they do not let their money work for them. They keep their money to sleep or depreciate in term of value with them in the bank. On the same time, they keep on working hard to earn more and more money. They have new plan how to spend it every years. That is why they never become rich.
If you desire to become rich, you must let your money to work for you. We can’t become rich by working hard and saving hard. We only can become rich by investing, that is letting your money to work for you. You can always ask the rich how to become wealthy. The rich save and invest not save and spend.
The rich re-invest the profit to invest in bigger investment. Just like a snow ball taking all the snow into the ball to make it big and high. The rich maximizing what the money can work for them.
We can reach one destiny by using different type of vehicles. The different is just time consumed and money used. The same is all can help us to reach our destiny. These concept apply to become rich too. There are so many investment opportunities in the market. All of them can bring wealth to you just different in term of time consuming and modal used. The most important is we have the desire to become rich.
We should build assets that would provide passive income for us. In that way, we are letting our money work hard for us as we worked hard to earn them.
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Mrcoolku Reply:
November 13th, 2009 at 3:53 pm
That’s right. We need to turn our money into asset and turn into passive income again would be the best. Maximizing the use of our money or else just spend it. Never keep it with us except emergency fund.
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Read the same thing on Rich dad poor dad, gotta agree with what you say, too bad the teaching system in our school didnt promote such thinking
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Mrcoolku Reply:
November 16th, 2009 at 4:00 pm
Ya, our school did not learn such thing at school at all. We need to learn and apply it ourselves.
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Yes,Becoming rich is possible,when we follows leading princibles like putting money that work hard for you.
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Mrcoolku Reply:
March 9th, 2010 at 8:50 am
Don’t simply use your hard earned money. Let it work for you first before you spend it.
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Kong Hui Reply:
April 28th, 2010 at 11:34 pm
Cultivate saving as habit as rule 1.
Investing time to learn how to invest as rule 2.
What is rule number 3?
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Mrcoolku Reply:
May 1st, 2010 at 7:52 am
Don’t forget rule 1.
This blog looks good. However, it would improve your visitor retention if you can make the website design more professional.
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Mrcoolku Reply:
March 18th, 2010 at 5:52 pm
Thanks for the suggestion.
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Thank you Mrcoolku for the inspiring words which I learned from my previous seminars.
Just want to share to your readers my story related with your topic for more inspirations.
Before, I am a successful Design Engineer in a top company of automobile. I’ve been sent to Japan for Work purposes and I realized how hard to work to have a prosperous life but I didnt make it because I am one of those stated in first paragraph. And believe me, I cant make myself to be rich with my family on my side when I am employed.
But then after realizing it, I made an action. I attended different seminars, stock market, real estate, mutual fund, networking, manning, franchising and etc. And guess what? I am now in the business of Real Estate. Yes! I left my job in its peak status and enter entrepreneurship. I can say that my dream of being rich was fulfilled where I can help my relatives and friends.Before, I cannot help them, because I have nothing. Now,I can even help less fortunate and conduct my own charity program. I might say I’m too old to do all this. BUt if I were exposed earlier on those seminars where I learned a lot what I want, maybe I did more good things to my less fortunate fellowmen at the age of 29.
And I want to share it because I want you to be part of the percentage of people who were helping their less fortunate fellowmen.
Be part of a seminar that will truly change your life.
INVEST NOW!!!
visit our site and be rich:
http://realestateinvestorsandfinancier.blogspot.com/
for the seminars to conduct :
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Mrcoolku Reply:
October 1st, 2010 at 8:09 pm
Thanks for sharing your real life experience here.
You are indeed a daring man who can make right decision. I can say that not many people dare to resign after staying in high position in their job.
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Its like you read my thoughts! You appear to grasp so much approximately this, like you wrote the e book in it or something. I feel that you simply could do with a few % to force the message house a bit, but other than that, this is magnificent blog. An excellent read. I will definitely be back.
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This is exactly the plan I am using to aquire wealth! I am building a web empire first and then I will focus those profits into real estate and other tangible investments.
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if you have extra capital to invest, its worth considering.
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