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Saturday, June 12, 2010

Let's your money work for you

According to the research analysis, there are only about max. of 5% richest people contributing and controlling most of the economy activities globally. Thus, the rest of the people fall under poor to medium income group category. This means that if anyone of us wish to get richer, the only way is to breakout from the category and excel ourselves into the rich people group.

If we look into details about the their success story and the secrets of getting wealthy, you may easily find out that most of them are not getting prosper through working for money, they are just being smarter in making their money working for them! The simple reason is it is exhausting and time consuming to work for money, we have to spend our time and energy to convert them into rewards - Money. In order to maintain and grow the income, we have to continuously working harder and smarter to make more.

By the time you thought you have achieved your life time target of the first million you made, you may already wasted about 10 or even 20 years for that. The sad thing is your millions of money is definitely not as value as the millions at 10 to 20 years ago. This is purely "depreciated" or "diluted" by the inflation. We always experiencing the inflation such as the property appreciating, living cost increase, income stagnant. This will directly impact our hard work and we will not getting the rewards as planned! In order to achieve our dream, we have to counter the inflation and working harder without rest, it is tiring and exhausting as I meant. The most interesting about using financial investment as working tool is you are actually treating it as own business, can anytime travel the whole world by just bringing a Lap-top to perform online trading anytime, anywhere as you wish! It is totally under your control!

Here, the simpler and smarter way is: "Let's your money work for you"! The main advantage is you are freed from the time and energy spend to work for money. Your money will be 24hrs continuously working for you even though while you are sleeping, taking holiday and going for vacation. You have freed up your time for others and worry-free in case you are ill. Your money will responsible to do your job and generate more income for you.

There are many ways to let your money working for you like Savings in banks, Retirement fund, Fixed deposit, stock market investment. You choose the product you know and suits you the most. It is very subjective to individual, depends on what type of life style you wish it to be and what are the dreams of your life, you design it and setting your lifetime goal for it. Before simply risking yourself into financial investment, I would advise that you must work hard to equiped yourself enough knowledge, and ensure you are confident enough with it. Lastly, please do not forget that you are the one responsible and decide you life pattern! You manage it!

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