I’m going to share with you five ways I’ve discovered that spend money to make money.
spend money to make money [5 ways]
Five ways that I’ve to spend money that helped me to make money.
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The first-way real estate so maybe I’ll buy a home, but I won’t buy a home for me to live in. I’ll buy a home for somebody else to live in and then I’ll charge them rent to live there. Yeah, that’s what I’m talking about.
So instead of buying a car that loses value. You can go out, and you can buy a home and then you can renovate it and make it look nice and then you can rent it out to a tenant who’s getting the value of a lovely home and in exchange for that value, they will pay you to rent.
Now you’ve converted your Fugazi money into something of real tangible value, and this seed will be paying you every month, and overtime real estate is known to go up in value while the money in your bank is always going down.
The second-way Farms, investment seeds are things that grow and make you more money. The way it works is you buy an investment seed, and then you plant it, and you spend the time to nourish it in the beginning.
And then the seed will grow into a tree and then you’ll be able to live off of the fruits that the tree produces until you sell it.
So are you telling me to start an apple farm? No, not necessarily, but Farms can be a type of investment. If you have $100,000 saved up in your account and you go boom.
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The third-way delegation, so I know we’re all busy everybody’s busier than ever right. But the way I want you to look at this, and it feels like well I can’t pay somebody to do something for me.
I want to save that money. But the way I want you to look at this is if you could pay someone $10 an hour to do something that you’re doing and you could spend that time to make $50 an hour even $20 an hour 15 dollars an hour $100 an hour whatever it is.
Then that makes sense if it’s more than what you’re paying. Now things that fall into that category could be something like managing your well or overseeing your investment since that is super super important.
So that’s number one is delegation it’s letting go of some tasks that you’re doing that are lower in that you could delegate that would have a higher return on investment for your time, than what you currently have in doing those activities.
The fourth way I want to share with you how spending money in the past has helped me make money that’s from getting training.
There are so many things I needed to learn about gosh well investing a long time ago, and that’s free education but in getting a certification for example so in training that either allows you to increase your credibility or that allows you to create some business or structure.
I had to spend a lot of money on learning how to create online businesses on how to be an online entrepreneur. I didn’t know anything about it ten a little over ten years ago, so I had to purchase training. So there are two different ways than that training can help you.
It’s by creating something that creates more wealth for you or income for you, or it’s by increasing your expertise and your credibility so that you can charge more or you can get a higher paying job.
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The five-way that you can spend money to make money is a little simpler, and that’s simply from things like membership.
So, for example, here’s a straightforward example that could be applied to many different areas. I am a Costco shopper I purchased a Costco membership, and it feels expensive when I do and I think do I need this.
But at the end of the year when my check comes in reimbursing me for more than the amount of money I spent at Costco.
I realized that by purchasing that card, I had saved money that’s just a practical sort of personal finance tip there on spending money to make money.
Think about it what ways do you think you could spend money to make money.