By in Business

Saving and Investing

We cannot grow our money if after earning it we immediately spend it. Have you heard the saying "paycheck after paycheck"? Growing money is not actually always by earning more. Earning more however can give us more flexibility to save more and to invest more. Either way, it is just the same. It does not matter how big our earnings are, it is how we save and invest it. Earning huge amount in employment requires you to be a CEO and that usually either the owner or the son of the owner, so this is out of the equation. lolz

Opportunity may vary from country to country, but for most countries with liberal economic policy, everyone has equal rights to be rich and wealthy. Well, it is easier said than done. lol However, I have encountered "a lot of people" who became successful in life from humble beginning and with very limited resources. The truth is not everyone was born with golden spoon, there are just some people who have strong desire to succeed despite limited resources. There is always the so called Luck in business, if you find the right connection as you strive along the way in making money, this will be it, but one has to start somewhere, saving and investing can be a good start. Take note, it requires a lot of discipline. ;)

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scheng1 wrote on December 10, 2014, 10:54 PM

You have not mentioned about knowledge. You need to have a good knowledge of business and investing to get rich.

nbaquero wrote on December 11, 2014, 9:36 AM

&Verbalarchitech I agree with scheng1 you need also to get educated on how to invest to get the higher returns on your investment.

carmela wrote on December 11, 2014, 7:11 PM

first of all it is best to know where you are putting in your hard earned money. is the bank stable enough and not in danger of a bankrun ? if investing in business ; like for example a mini retail store (sari-sari store); you have to know your market their needs and your supply etc. its not easy to save especially if ends dont meet much more to invest in business or property.

rana199426 wrote on December 11, 2014, 10:39 PM

Nice tips, thank you for sharing that.. :) I think that both saving and investing are essential for a better financial status.