As an Entrepreneur What I Learned About Money
I don’t have to tell you about the importance of money. Many people think that money is not related to happiness. But whatever they thinks, at the last of the day, they have to admit that without money happiness is just a word.
Obviously, it is not necessary that, all happy people are rich. but it is also true that without have enough money, you can’t enjoy your life. Just think that, if you don’t have enough money for living or manege your family expenses then how can you be happy! So, at first we need to change our mind that, money is not opposite of happiness.
Usually most of the people want to increase their earnings, they also do a lot of things for this. But most of them can’t do this, the earnings they made 5 years ago and now are same or the story can be more worst! The reason behind this is actually people don’t know about the rules of money!
Now, let’s go to the main topic.
In last few years, I learned many important and interesting things about money. And now I’m sharing some of this with you.
• Make Your Money Work For You
Many people will advise you to save money. But this is the main reason why they are poor. Because there will be no increase in your money as a result of saving that. Instead, you can make your money work for you! Instead of saving your money, you have to invest your money in different places. So, by investing your money you can make your money work for you and witch can make extra income for you.
The more your money works for you, the less you have to work for money.
— Idowu Koyenikan
• Never Waste Your Money.
No matter how much money you have, you should never waste your money. If you do, believe me, you have to regard for this one day.
One of the most important rule of making money is have respect for money. If you don’t respect money then you never can be rich. You have to understand the rules of money.
I’m not saying that don’t spend money as much as you need. You must have the right to spend on your own needs and hobbies. But you have to understand the difference between spending money and wasting money.
• Read Books
It may sound strange to many people, but it is the reality. If you want to become rich then you definitely have to build the habit of reading books. If you make a list of worlds most rich people, then you will find a common habit of them. They read a lot of books.
Let me explain, Although money is not directly related to books but money is directly related to knowledge. And knowledge is directly related to books. Reading books is the main source of gaining knowledge. So, we should build a habit of reading books.
• Never Depends On Just One Income Source
There is always a need to have more than one source of income without relying on just one source of income. you shouldn’t have to depend on just one income source. You need to have one or more income sources along with your main income source, it’s can be big or small.
Suppose, for some reason, your main source of income is shut down (which has happened to many people during Corona’s time). If you don’t have any extra source of income then you will lose everything. And if you have extra income sources, you can easily get out of that financial trouble.
If you don’t know how to make money from online and want to learn how to make money from online step by step in just 1$ dollar!! then check this out — Click Here
[Disclaimer: This post may contain affiliate links, which means I may receive a small commission, at no cost to you, if you make a purchase through a link.]
All of the above are my personal opinions. I have shared with you what I have realized over the years. Finally, I would like to say — ‘’Formal education will make you a living; self-education will make you a fortune.”
