I was talking to a new friend yesterday who is struggling to make ends meet but wants and needs to make a difference to their lives, and she truly believed that by having more jobs and working all the hours that come it would make a difference. But their health was deteriorating to a point that they had to take sick days from each of the jobs on a regular basis, I explained that working smarter rather than harder was the real answer, having money work for her rather than working harder for money.
I’m about to share a huge secret with you today. Did you realise most people honestly believe that the means to real financial independence is through a higher salary or working every hour that comes? How about you?
Are you working for someone else in a 9 to 5 Rat-Race, just trying to continue up the corporate ladder to a point where you can finally “get ahead” financially? Or, are you chasing the great “Dream” of starting your own business on the side maybe to follow your passion, or as a way to generate extra income or just to be able to jump off that 9 to 5 Rat-Race?
Trust me, working full-time and starting your own business is a recipe for disaster as you work ’round the clock and only see slow, tiny steps forward on the path to increase your wealth!
Well, here’s the secret… very few millionaires make their money from a salary! And you can bet those CEOs at the top of the corporate food chain make tremendous sacrifices of their time and in their relationships to earn that 7-figure salary.
So, you’ve got to be asking yourself, “Where are all these millionaires getting this money if not from big-name jobs and salaries?” This is about so much more than making money, this is about creating genuine wealth. If we both stopped working today, we would still have a steady money flow for years to come. Why? Because we have multiple streams of residual income!
Now, you might think that investing is too risky. And it’s never too soon or too late to start.
In our house, we aren’t in the business of giving our children a free ride or life handed to them on a silver platter. They have to know the power of earning their own money and what it can do for them.
So, Friends you’ve got to ask yourself, “If a 11-17 year-olds can find the means to start investing, then what’s holding me back?” Or you could say, “Hey, I wonder how they do that?” If they could do it, then you most certainly can! Look into it yourself! You might learn a few things — starting right here:
Ask yourself why you want to start a business.
Is it to be your own boss?
Create a legacy for your children?
Attain financial independence?
Creating time freedom?
Maybe it’s all of the above. But identifying your specific motives helps to establish a true vision for your goal. And there is no right or wrong answer! It really is okay to just be in it for the money!
Start investing NOW. If you ever want your bottom line to increase, you’ve got to start investing now. And I do mean NOW — you can’t wait for that “when you have the money” or “when the economy gets better” excuses! Set aside money each payday, whether it is £5, £50, £500 or more… just do it and earmark it strictly for investments. It will make the “big risk” seem a lot less scary. Initially build yourself your emergency fund that isn’t touched unless it for an emergency and I mean emergency, and if you need to dip into for the emergency then replace that money as soon as is possible then continue putting money into savings again not tone touched. Then when you make money from those initial small investments, turn that money around for more and new investments.
Continue to put money in savings. Remember wealth isn’t just about how much you earn, it is often about how much you KEEP. Realize that most savings accounts are just money saved to use later.
Increasing your bottom line is simple, but that doesn’t mean it’s easy. It requires an investment from you! That investment could be your time, your training or your skill sets.
I encourage you today to get these principles working in your favour. Don’t leave your success to chance — follow the laws and create your dream life!
Please take a minute to pass this message along to your friends, family and colleagues today. You never know who desperately needs this guidance and direction for their lives, so share this on your social media sites, print it out and pass it around or simply forward this email. Please retweet this.
This is your life – make it count.
Follow me at: @FinPeaceUK @AndrewChenery @BHPGardenDesign