Growing your money is easier said than done. Although there are people who are knowledgeable about money matters, most of them fail at saving and managing their money. Well, there are a lot of reasons why people fail to grow their money. The first major reason is temptation. I know most of you are easily hooked by mall sales promotions and other things that will make you spend. This is sometimes inevitable. But, I believe that you can always control your spending habits if you really want to grow and earn money. In this blog, let me share with you a couple of tips on how you can grow your money slowly but effectively.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020
You must not forget to hustle. Remember that the only way you can sustain your income, especially your active income, is by hustling. Don’t stop working. Don’t stop looking for ways to earn money. If you can add another job or passive income to your current earnings, do it. Don’t get too lazy. Wake up every morning with a goal in mind. Empower yourself. Motivate yourself so you can do more each day. Hustle, hustle, hustle!
Remember that your money is valuable. You worked hard for it. Don’t just put it into something you will regret later on. Don’t spend it on the things that depreciate. Don’t buy a new gadget yet. Don’t invest in electronic devices that will soon become outdated. Avoid unnecessary items as much as possible. To do this, don’t go to malls frequently. Don’t feed your eyes with the things that will increase temptation. If you can stay at home or go to places where you won’t spend, this is better.
Passive income will help you in a lot of ways. If you are tired of getting ready for work every day, this might be the best choice for you. To earn your passive income, you don’t have to become physically active. You can get this type of income by investing in stocks, mutual funds, and other commodities. There are still other ways to get it such as building your own business. The opportunity for you out there is increasing. If you won’t use this chance to grow your money, other people will do. Don’t let them take away the opportunity given to you. As early as now, consider my tips in this blog.