Before we focus on how to grow your money, I want to ask you a question.
Have you noticed something interesting? I mentioned this earlier, but it’s just so interesting to me that most seminars and workshops only focus on MONEY GROWTH, because this is what most people want to hear.
However, the reality is that MONEY BASICS, MONEY GUARD and MONEY MIND set the strong foundation that is required for sustainable MONEY GROWTH.
No wonder there are so many people who make money but never seem to actually have any money to see or spend on the things that matter to them! Does this make sense? Also, aren’t there a lot of people who attend money programs but then do little or nothing about it after that? This is why they need to strengthen their mind first!
So, if you are reading this part without reading the previous pages, please go back to MONEY BASICS.
For MONEY GROWTH, you can either be a business owner or investor. If you are currently an employee or self-employed, Robert Kiyosaki (author of Rich Dad, Poor Dad and Cashflow Quadrant) recommends that you become a business owner first.
To be a Business Owner, you can choose to own a
- Traditional Business
- Franchise Business
- Network Marketing (a.k.a. Multi-level Marketing ≠ Pyramid Selling)
- Internet Marketing
Once your passive income is established, you can become an Investor to put your money at work in
- Real Estate
- Business Acquisition
- Liquid Investment Vehicles (Stocks, Options, Forex Commodities, Futures, etc)
In a nutshell, you run a business to generate cash flow and you invest to compound the cash. If you run a business only, you find that your cash does not grow fast enough. If you invest only, you find that your returns are too low to let you feel excited.
MORE MONEY GROWTH EDUCATION
Note: These are topics that I am planning to write. If you are interested in any of these topics, contact me so that I will write that topic first.
Money Growth | Smart About My Money
RESOURCES FOR MONEY GROWTH
- Yaro Starak’s Blog Traffic for Beginners
- Yaro Starak’s Master Your Mindset
- Darren Rowse’s 31 Days to Build a Better Blog
- Pat Flynn’s eBooks The Smart Way
Click here for a more comprehensive list of Internet Marketing tools that I use (coming soon)
The above are the steps that are necessary for you to build a strong money foundation. Again, focus on MONEY BASICS first. It demonstrates that you are really serious in getting your finances right. So, check out these two essential articles to get you started