In my last posting I stated that there were two things about personal finances that I have heard time and time again.  One was that purchasing a home would be the best investment ever.  The other was that you need to make your money work for you.  The first topic was covered in the previous posting titled, (Name and hyperlink to posting).  So, we will spend the next few moments talking about how you can make your money work for you.

Most of hear this for the first time and think, “sure it sounds great, but only rich people do that.”  You are exactly right, that is why they are rich.  The truth is that you can do the same thing too!  If you want to be a champion then do as the champions do.

To your dismay I am not going to give you a detailed strategy.  What works for me may not work for you.  You need to be passionate about your plan and passion comes with knowing that it is YOUR plan.  What I will do is give you the basic premise and a strategy to find your way.

On a day to day basis we all go to work.  We go there for money.  The problem is that once we leave work we stop making money.  Therefore, many people volunteer for extra hours and overtime.  Some even work numerous jobs to bring in that cha-ching.  The still problem remains, once we leave work we stop getting paid and unfortunately there are limited hours in a day.  That is what it means to work for your money.

Imagine that you put that hard earned money to work for you.  This would mean that when you clock out for the day your money is still working.  That would solve the above problem.  The question is, how?

You need to invest your money.  Investing in stocks and bonds is not a bad choice.  Some prefer real estate.  Others like to invest in businesses.  Many people do none of these because they think they need to have a fortune to begin.  That is not true.  It may take some searching, but you can find a respectable investing club that will take what you have to offer and add it to a pot.

Robert Kiyosaki made a suggestion on how you can exercise your entrepreneurial mind.  It was to take $20 and discover a way to use that money to make a profit.  Some may think to put it into a bank account and accrue interest, which would not amount to much.  Others might buy something at a great deal and sell it to someone else.  Use your imagination and think about what you are passionate about.

If you love to collect comic books or sports cards go find those that are valuable at a great deal and sell them for a profit.  There is always someone else out there that has the same passion as you.  It could be something as simple as buying soft drinks in bulk and then selling them for a profit.  Remember having a lemon-aid stand as a child.  We all have the right instincts; it is just that we discount our ideas.

Some of us may fear that another will think our ideas are dumb.  They may even say that we will fail.  Our ideas just might be dumb and we may fail.  However, the first time you take the $20 and turn it into $25 you will think it was fun.  So much fun that you are going to want to do it again and again.  And that is making your money work for you!

Author: Annonymous
Posted by InspireTomorrow.com