Girlfriend: a 'Money Machine' is a must, and timely to get one. Think of this as a well-oiled piece of equipment that churns and burns as it works for you, even when you don't. A properly tended producing machine is a constant, reliable source of cash flow. If you nurture it correctly, you'll eventually reach a point in your life when your 'Money Machine' takes over for you. When that happens, you no longer have to work. Instead, you'll work only because you love what you're doing. That's financial freedom!
The secret of creating your money machine is the "spend less than you earn and invest the difference" approach. Each month, you give part of your earnings to your investment that compose your money machine. You make sure to regularly feed your machine before you "donate" cash to the nearest multiplex or restaurant or department store. Having your own money machine will allow you to stop working to support yourself so that you can have time to pursue the other things you love. Maybe you'd like to kick back at some point and offer your time for your favorite charity or artistic endeavor - and your well tended sleek machine gets you there.
And, to do this it takes a firm financial plan that takes you to your dreams. Life is definitely too short to delay pursuing passions, the things that excite you in life, and right now is key. Who wants to be a slave to money-to be held captive to a corporation, institution, or government office by a salary? Most of us would pursue a variety of interests if money were not a factor. We each dream of a lifelong quest-to learn a new skill, to do volunteer work, to start a small business, or simply to have some free time to go out and have fun. With a well-running money machine, you can do it.
The money machine is designed to be a holding pen for cash that will be invested and doubled again and again until it's sufficient to generate the sum you will use to meet your monthly expenses through out your life. The incredible ability of money to grow works to your advantage, and it is the grease that makes your machine hum. This is the purpose of your well designed machine -to let you walk away from having to go to work each day to earn income. Your money machine will assume the role of providing income to pay your living expenses. At this point, you will have arrived at financial freedom, and once you set up your own personal engine, you will have it for life.
Furthermore, the money machine allows you to serve your community or other ways that you are inspired to give back. Part of being a well-balanced person-of having a smooth ride on your journey of life -is not only enjoying personal benefits from your money machine, but also allocating some of those funds to good deeds. When we have ample financial resources, we can and must give back some to the society that has helped nurture us and supported our economic well-being. After all, everything we've gained in life has been a gift to us. Giving and sharing are also part of the power and joy of money.
Your money machine isn't a piggy bank designed simply to hold a bundle of cash. Nor is it the location of one single investment. It is the sum of all your investments wisely invested to enable solid, steady returns. Your designer machine will be producing during the years when income is needed and wanted-and with a surprisingly low level of maintenance. With a well tended money machine, you'll enjoy that good feeling in the pit of your stomach that comes from being able to say, "I've guaranteed my financial future, and I feel great about it."
Of course, you won't want to take your money machine for granted. As in other areas of your life, if you don't contribute, you don't get anything back. Try having a relationship in which all you do is take. Or try having a job where you do nothing but expect to be paid. Neither one will last very long. In the same way, your money machine depends upon your being a giver, not a taker. I'm talking about being not just a one-time contributor, or an on-again, off-again, sort-of contributor, but a consistent contributor. I'm talking about making the development of you machinery a priority in your life. Because, by looking out for your financial future, you're also caring for your soul and your health.
When you feed your money machine, you can't dump just any old investment into it. Imagine someone with terrible eating habits, who puts lots of fats and sugars into his or her body. Over time, this person loses energy, slows down, and may even become ill because his or her body is not properly fueled. Your money machine is like your body: You can't put garbage into it and expect a healthy return.
What are the "fats" and "sugars" of the investment world? There are two kinds of unhealthy investments to avoid: (1) investments that are excessively risky-investments in which you could lose all of your money-and (2) investments that have an inadequate rate of growth-investments that simply won't pay you very much.
The creation of a Money Machine begins with your first investment, and with the plan you devise to add to it regularly. It is not something that can solve your financial problems all at once, like winning the lottery. It's a process. It might take ten, fifteen, or twenty years to fully fund your machine, depending on how much and how often you contribute to it, when you first begin, and how wisely you select your investments. Building your money machine to create continuing cash for your life, is embarking on a voyage toward financial freedom.
Article Source: https://EzineArticles.com/expert/Joan_Perry/216137
No comments:
Post a Comment