Wednesday, June 18, 2014

Make your money work for you.

Yes, we may need to work sometimes 40 to 60 hours a week for our own and family needs. However, you will rarely become financially independent or wealthy by exchanging your time for money. You need to live within your means, and save and invest some of your money. This is how you are going to get ahead financially.
Once you have paid your debts and have some money in the bank for emergencies, you invest the rest of your money. You need to educate yourself on the best investments available for you. Or you may ask advice from a good financial advisor. There are bank savings, GICs, bonds, mutual funds, stocks, precious metals, real estates and others. Depending on your situation and risk tolerance, you can choose what types of savings and investments that are more appropriate for you. Then watch you money works for you and your financial assets grow.
Please share what investments have worked best for you.