For the longest time, I’ve been trying to figure out the quickest way to make money. I always thought that it takes money to make money. So in order to make money quick, I need to already have the money. I’ve been looking at this wrong the entire time. I realize there’s no quick way to make money. Unless you’re really lucky and win the lottery, receive an inheritance, or some other way to get a lump sum, to make quick money is a myth. Making money is a process. Here are strategies that I’ve learned to adopt to make money.
It Takes Time
There’s no quick way to make money. Money is earned and it takes work which takes time. Even if you invest your money, you’re investment is not going to make you a lot of money overnight. Your stock investment will need time to grow. Your real estate will take time to appreciate. Your savings will need time to earn you interest. The reality is that it’s going to take time and time is something you cannot fast forward.
Because it takes time to make money, you should start as early as possible. Don’t say once I make a certain amount of money, then I’ll start saving. Start as soon as possible because there’s no time to waste. I took advantage of maximizing my 401K early in my career and now I have a good investment portfolio in my retirement account. It’s been 25+ years to grow this. Again, it takes time so start early.
In order to start saving your money, you have to adjust your mentality. Saving money isn’t as easy as it sounds. It takes a lot of effort to even take this step. You have to overcome any mental obstacles in your way and to commit to this change.
Avoid Drastic Lifestyle Changes
Once you start seeing savings, you’re going to be tempted to do something with your money, like spend it. If you start making more money, you might have the tendency to spend more. If you see that you have additional money in your bank account, you might want to spend it on something you don’t necessarily need or need to become.
Be persistent in your savings and investing. Life doesn’t stop and neither should your financial goals. Find ways to save. Find ways to invest. Find ways to get a positive return.
Life happens and change is necessary. You will encounter situations that could impact your financial goals that will require you to make changes. Do you keep everything in your life the same or do you adapt to change? Whatever change is best for you, don’t be afraid to make it.
When I look back on my younger years, I remember wishing that I could win the lottery. I wanted that quick fast money and my life will be better. The “It Takes Time” step was the hardest one for me to come to realization that there’s no quick fast way to making money. It’s like gaining experience and wisdom. You don’t gain experience or wisdom overnight. You gain experience and wisdom over time. Money is the same way. These strategies have helped me with building my financial portfolio and will continually play a part in my journey to early retirement. If you are interested in following my journey, email subscribe to get alerts of latest posts or follow me on Facebook.