How to have money work for you, not against you

Good day friends. Hope you are all doing well.

Let me talk on this important topic:

How to Have Money Work for You, Not Against You

There is a solution to this problem of saving money and you don’t have to be an investment guru like Warren Buffett to understand it.

You can prevent yourself from being financially destroyed by money when you change your approach to this:

It’s *not* about how much money you make.

It’s *not* about how much money you save.

It’s about you how much you invest.

Investing your money simply means putting your money to work (for you).

The money you make needs to be invested. You have a few options, which you already know, but here they are; gold, real estate, bonds, stocks, digital currencies. That is where you can place your money so that inflation doesn’t kill everything you’ve worked for.

You will still be destroyed financially if you don’t take this extra step

Even if you invest your money it still won’t help you. Investing your money is not enough because you need to understand one more idea: diversification. (Money experts that charge you $1000 an hour for their time call it asset allocation but we’re not fancy and just want to get to the point.)

The hardest part to understand is how much money to place into each asset class. Hedge funds that invest billions of dollars spend decades mastering this one skill and it’s their secret sauce.

The solution to this problem is different for everybody. How much money you invest in each asset class depends on your financial situation and your age.

If you’re broke or have lots of credit card debt then you’re normally going to focus on wiping that out first before worrying about investing. If you have no debt but only have less than $10,000 then you’re probably going to want to be more cautious in case you need access to that money. If you have $100K or more to invest then you might want to be a little more aggressive.

If you’re a millennial like me then you may want to go a little more aggressive into stocks because you’ll have time to ride out any recessions.

The way to save yourself financially is to learn about where you should invest your money and how much cash to allocate to each asset class.

This is all for now and there are more to come. Thank you so much for reading and to follow up, click on the subscribe button. If you love my work, you can tip me here for encouragements. Thank you all.