Teach Me Money (Pt. 1)

• Many people who want to make more money are aware of multiple streams of income, but often make the mistake of trying to add multiple jobs.
• Diversify the way you generate income.
• Educate self on investing, assets, and entrepreneurship.

* Fun fact: Winnings from the lottery is considered passive income.

Definition: Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

Ex: Art, collectibles, jewelry, stocks, bonds, treasury bills/notes, gold, silver, homes, land, cars.

• Auctions
• Brokerage companies
• Yard-sales/Flea-markets
• Facebook marketplace
• E-Bay
• People you may know

*Always perform due diligence to avoid potential scams.

Money is a form of protection , a defense in times of need - Ecclesiastes 7:12

• Lay-offs happen, tires blow out, and emergency expenses can arise at anytime. An emergency savings will help you be prepared and ready.
• This proves Robert Kiyosaki’s statement, “Saving money will not make you rich,” true.
• Money is not to be hoarded to reach a certain amount of wealth. Money must be managed and distributed wisely in order to effectively manage affairs.

Different tools are used for different projects. Therefore, money is best generated and utilized on a diverse basis. The goal is to maximize.

• High-yield Savings accounts
• Certificates of Deposits (CDs)
• Money Market Funds
• Money Market Deposit Accounts
• Treasury Bills and Notes
• Bonds
• Gold & Silver