“The rich don’t have jobs, they have assets.”

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

Ways To Grow Money 

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

Money As A Tool

<ul><li>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.</li><li>Diversify the way you generate income.</li><li>Educate self on investing, assets, and entrepreneurship. </li></ul>* Fun fact: Winnings from the lottery is considered passive income.

Earn Diversely 

“Saving money will NOT make you rich”.

Money is a form of protection , a defense in times of need - Ecclesiastes 7:12 <ul><li>Lay-offs happen, tires blow out, and emergency expenses can arise at anytime. An emergency savings will help you be prepared and ready.</li><li>This proves Robert Kiyosaki’s statement, “Saving money will not make you rich,” true.</li><li>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.</li></ul>

 Money Is A Secret Weapon 

<ul><li>Auctions </li><li>Brokerage companies </li><li>Yard-sales/Flea-markets </li><li>Facebook marketplace </li><li>E-Bay </li><li>People you may know</li></ul>*Always perform due diligence to avoid potential scams.

Where To Buy Assets 

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.

Assets 

Earned - money derived from paid work. Ex: If you work a job (highest tax).Portfolio - money received from investments, dividends, interest, and capital gains.Ex: If you trade stocks.Passive - money you get neither from your portfolio nor earned income, and does not require an ongoing effort. Ex: Cash flow & Assets (never taxed).

Three Types Of Income

You may have heard the quote that “‘money is a tool” before. And of course, using a tool requires knowledge. Therefore, before spending money, gain knowledge of how to efficiently utilize it.

Earn Diversely

Similar ideas to Earn Diversely

Disrupting the time-money relationship

Four Steps To Building Wealth