Monday, October 17, 2011
Money is hard to get your hands on these days for a lot of people. That's why it's important to buy assets. You can think of assets as something that has the potential to go up in value or give you income of some kind. Now I know we all have bills to pay, but with the money that's hopefully left after that try buying an asset. It could be a paper asset, real estate, precious metals, a business, or many other things. I'd say quite a few people spend most of their hard earned money on things that immediately depreciate in value. And sometimes they use debt to do it. No no no! At least avoid the debt part. Change your state of mind from earning and spending to earning and putting money to work. A small start is better than none at all. Consider each purchase carefully. Our money supplies are not unlimited, so treat each dollar with respect. You can think of them as your little employees, or how about this, a seed that grows into a big tree. Think of new ways to use your money to be better off in the long run.