Money is best put to work - Deepstash
A Job Seeker's Guide

Learn more about with this collection

How to write an effective resume

How to network and make connections

How to prepare for a job interview

A Job Seeker's Guide

Discover 49 similar ideas in

It takes just

7 mins to read

Money is best put to work

When you have money there are two options: invest or save.

Investing is putting your money to work. Put your money to work in the following ways:

  • Invest in yourself by learning new skills that generate money
  • Invest in businesses through a stock market index fund
  • Invest in books about finance so you understand money
  • Invest in humanity by giving a little to worthy causes.

6

19 reads

MORE IDEAS ON THIS

You will be tempted by bad investments

It doesn’t matter how smart you are. You will make bad investment decisions.

The companies that should make money don’t. And the companies run by a millennial who lied about their Harvard Education can go on to make millions. The facts, when it comes to investing, are e...

5

31 reads

Money can blow up your ego

Money can cause your ego to blow up and make you think everything you touch turns gold. Watch your ego as you make money. Audit your ego:

  • Do you think too highly of yourself?
  • Do you talk down to people because of your money?
  • Is your confidence slig...

5

15 reads

Who you are before money, matters

If you’re a baf person before you have money, that won’t change when you have money. Money amplifies who you are. If you won’t give a dollar when you have fifty, you definitely won’t give a dollar when you have millions.

Start early by giving a portion of your money away, t...

5

24 reads

Money can devalue

Money can be printed out of thin air. Inflation can eat away at your savings. Look at the value of the USD over the last few decades on Google. You’ll be somewhat surprised.

You protect against money devaluing by investing in assets that retain their value over time: gold, stocks, property....

6

20 reads

You can make money from your art

The way you make money online doesn’t matter and it’s forever changing.

When you release enough work online and commit for long enough, opportunities to make money will find their way to your inbox and surprise you. You can make money from your art.

5

19 reads

You can never have enough money

The ultimate lie, when it comes to money, is that you’ll one day have enough — you won’t.

No amount of money is ever enough until you make one decision: you decide you are enough. When you are enough, your desire to have more money and endlessly work for money disappears.

5

24 reads

You can give all your money away and use it for good

Money is pointless if it’s not put towards something good.

The people who have the most money — like Warren Buffett and Bill Gates — give it all away and use it for good. They understand that leaving money to their family is a burden if they weren’t the ones who earnt i...

5

41 reads

You can make money while you sleep

Set up systems and you can make money while you sleep. Systems make you income and automate money creation.

A business is a system; a blog is a system; a social media channel, like LinkedIn, is a system; an investment in the stock market is a system.

5

17 reads

Warren Buffett

Be fearful when others are greedy and greedy when others are fearful.

WARREN BUFFETT

5

23 reads

Understanding money is mastering psychology

Understanding money is mastering psychology

Studying money has nothing to do with being rich and famous. It has more to do with psychology. 

Stock markets trade on sentiment. Humans buy assets and sell them too. You’ll be terrible with money if you don’t understand your own psychology. My psychology works best wh...

5

43 reads

CURATED FROM

CURATED BY

jacomichae

Scientific laboratory technician

Related collections

More like this

Stoic Path To Wealth: Grow Money

Stoic investors make smart, balanced bets. Most of us invest in secure funds with low returns. Investors looking at bigger returns opt for index funds. If you are okay with losing money, that does not mean that you should.

The 90/10 investing thumb rule states that we should put 90 percent...

Forming the habits of an investor

Investors put their money to work. They know that the money they set aside today sets them up for financial freedom.

  • An investor puts any excess money towards investments that will earn more capital.
  • They value learning new skills and think of ways to use it...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates