How to invest...
Lets face it, no one cares about your money more than you do! So it's really important that you know how to invest your own money. Unfortunately, most of us were never taught about investing.
How The Rich Live
For years I used to wonder how people could afford those very expensive homes, or how they could afford to travel the world first class, when most of the people I knew struggled from day to day just to pay their bills.
Then a friend gave me a book entitled "Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and the Middle Class Do Not!", by Robert Kiyosaki. It changed my life.
I highly recommend you read this book and play the board game "CashFlow". It reinforces the financial principles you learn in the book.
How The Rich Make Money
In Rich Dad Poor Dad, Robert Kiyosaki explains in simple terms how rich people use money to make money. They use the profits from their investments (i.e. passive income) to buy what they want, instead of buying their toys with income from their jobs.
You can only work so many hours and only earn so much. But money can earn interest non-stop; even while you're sleeping. Money can make money much faster and easier than you can. So it's very important to learn how to put money to work for you!.
No one can promise you will be successful in investing, but I really believe you will have a better chance for investing successfully if you start small, learn as you go, and stick to things you enjoy and know something about.
After all, everyone knows something about something!
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