When I started working for individuals and companies, I made money. For a long time, I saved money and then used my savings to start my own business. When my business started generating profits, I used my profits to make investment on various assets. This is my favorite method to grow my financial assets. By using this method, I have managed to build savings and invest in various markets. Using your savings to invest in your business as well as in the market can effectively grow your financial assets.
What is your favorite method to grow your financial assets?
- Thread starter nomad
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Do you realize, a job does not help you to make a lot of money? If you want to make a lot of money, you will also need to have additional income. This will help you build finances.
I invest more and create a realistic business. The profit I have gained from my business were saved in a time deposit, stocks mutual funds and investing buy and sale live stocks. I hired my relative to do this and we do equal sharing of profit.
For me l have decided to save money little by little. When the money accumulates then l will invest in the stocks industry with the best bank on my country.
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In a matter of fact the regular eight to five job can't guarantee your financial stability. One has to look for other alternative sources of money like the side hustles, various investments opportunities among other earning ways.
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Very true, a job alone cannot help you gain financial freedom. I attended a seminar some time back, and one of the speakers said no matter how much you get paid while working for someone, they can never pay you your worth.
There are many ways to grow our assets, and to save or not because life is so hard this time that not all can save, and that all depends on us. Our economy is sinking and hard to budget our money so the least is to find a side hustle so there is a little saving from the side hustle earnings albeit or main income.
I don't think there is any other path to build finances for your business as a sole entrepreneur than having to work and save from your personal funds.
