Making money vs. Earning money, many go to work to make the donuts so to speak. Well, when we exchange our time for money, we aren't making the donuts, we are actually earning the donuts.
In order to make the donuts we have to put our hard earned money to work. Your money wants to work for you, your money wants you to tell it what to do.
Before putting our money to work, we should make sure we have a basic financial foundation in place first. Ensuring we have proper insurance coverages, emergency savings, and low to no debt. Once we have that mastered, it is time to put our money to work for us.
Putting money to work requires investing. Investments may include but aren't limited to:
Interested in the stock market yet skeptical about it, investopedia.com allows one to virtually invest with fake money in the real market to test it out. It's a great way to teach your children about the market as well as yourself if you are interested.
If you don't want to work for money until you die, be sure to put your money to work for you. Putting your money to work puts you in a position to receive interest, compound interest, the type of interest basic savings, money markets, and certificate of deposits don't provide.
Let's get financially fit in 2018 and beyond one wise financial decision at a time.