Save It!
You Don’t Know What to Use the Money For?!
If you don’t know what to do with your money yet that will bring more money , keep and continue saving that money, IT IS YOUR FIRST CAPITAL!
This will on the long run become two most important questions you’ll ask yourself. And the funny thing is of the many things and decisions you’ll make in life , your answer to these two questions will be the determining factor of the quality of life that you’ll lead.
- How do I make more money ?
- How do I get capital to make more money?
Then you’ll find out that you need equity in
a successful business inorder to make more money.
Then two that you need money , good first capital , to be part of that business that will make you more money , either as a shareholder or the owner.
First Capital must always meet a good dose of knowledge on ground else it gets wasted. And a second chance is as rare as the first, the first is often a luck.
Now the underlying truth is you won’t be able to save your way out of poverty in a literal sense. Your savings has to go into equity in a fast growing successful business. That way it makes money replicating itself and creating new money. That new money will be your keep.
The reason savings won’t save you in the long run is , you get to a point and learn that no one actually lives in a free no-spend economy. You buy every day with money. The day you run out of money , you run out of almost everything including your life — simply because your health will start deteriorating. Yeah people can borrow you a lifeline but it won’t enough. You need your own money.
And why do you need knowledge ? Because even when you save enough , if you dare to put your money in a death trap you’ll never find it again. Your first money must go into a sustainable investment, long term , steady build , steady income.
That’s why we have :
- Starter ideas — existing business , revenue making , they already work, add some value put money and keep earning steadily and surely. Your first capital must go in here.
- - Experimental ideas — Only use extra cash when funding experiments. It’s a 99–1 ratio of failure to success.
- - Foolish Activities — Don’t put money into things that won’t bring it back
- - Jobs — The source of your first capital, spend it well. And do your job well. Get more when need arise. Don’t be foolish.
Time’s not on your side.
#keepgrowing #AndbuildinggenerationalWealth