I like money…
like everyone else, we love soo much if money flows into our bank account
But even when you have a lot of money, you also need to re-invest the money so that the money will become more and more…
First things you gotta know is, there are 2 types of income:
- earned income => income that earned after you have done something
- passive income => income that could generated even if you don’t work
Which one if you have to chose?
One thing if you don’t have money, you should firstly have earned income or at other words: go to work. After that managed your earned income to create passive income.
What is the example of passive income? renting car, renting room, have money deposited, or have securities.
So after you have earned the money from works, buy an asset that create an passive income.
Just create money allocation pattern between your investing moneys to certain assets. Create a financial plan on how to spend your investing money. Save the money firstly of course… Than act to buy the asset.
So here there are: CASHFLOW Investments 101… which you should try to master the money managing process before you actually spend several percentage of money into investing.