Basic rules of money -
- POWPOW

- Sep 14, 2021
- 2 min read
Updated: Jun 27, 2022

We all should know the basics rules of money. First, we have to make it then we save if then we invest. With that being said there is only three ways to make money which is taught and known by many. The three ways are:
1. Own a business
2. Work for a business
3. Invest in a business
We should aim to have all three but two will due, even one will, we have to start where we are with what we have. It is important to have money especially money we don't need, the average person blows the majority of their money on worthless and depreciating items due to lack of control and financial discipline.
Poor money management will always lead to a lack of funds. The younger we start to establish the foundation of saving and investing the quicker we'll achieve our financial goal of independency. Even though we are not going to get rich by just saving we have to learn how to invest and use leverage. We can begin taking these steps by investing in stocks, crypto, real estate, or our own selves/business.
Money is a tool and it can be used to make more money, it's up to you on how you use it. We can begin taking the steps to build wealth by investing into stocks, crypto-currency, ETF'S, even REITS. The advantage we have today is technology and the internet now we can do all of this from a click of a button. There is no excuse to why you shouldn't be saving, investing or adding another stream of income.
“If you have not acquired more than a bare existence in the years since we were youths, it is because you either have failed to learn the laws that govern the building of wealth or else you do not observe them” - The Richest Man In Babylon

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