This question has different layer in it because spending or saving money is something that we all do. I will never forget one of my co workers at my job told me this saying that I will never forgot and I think about this all the time and this was ab older guy who told me this.
He said to me save a little and spend a little as far as money. He said that if he would have saved some money when he was younger instead of buying and spending on things he didn’t need, then today he would have had a lot of money to a point he because retried from the job. There is nothing wrong with spending your hard earn money on things that you want but at some point we do have to start saving money.
So which is better, Saving for the future or enjoying the money now?
For me, it’s better to save for your future than spend on thing that you enjoy. The reason for that is we don’t know what’s going to happen in the future. Having some type of saving account with money in it is a good thing. Things happens in life that we can’t stop so having the money go fix things goes a long way. On the other hand, there is nothing wrong with buying things that you want to have.
There is nothing wrong with buying things that make you feel good but like my co worker told me, save some money and spend some money but there is one thing that he didn’t talk about that I started doing besides of saving money. Lets face it, saving money is not hard at all but saving money will not make you millionaire, in fact saving money has a very low return of your money. So yes we should save money and spend some money but there are 2 other elements to think about.
What about starting a business?
The one thing that my co worker didn’t tell me is to start a business. He had a business on the side cutting grass and fixing cars for people. He worked his side business while he was off from work. A lot of people from our job goes to him to get work done so he was making money all the time. This is one thing we can do as well. Building a business does take a lot of work but go into something that you know about about.
On Facebook, one of my high school classmates started a new business and all he does is hang up celling fans, TV’s and lights for people. Anything you know a lot about can be a business to start. Even if you have a lot of knowledge or experience into something, that can be turned into a business as well. So one way to have more money, is to start your own business because lets face it, working a 9 to 5 and saving money into a saving account will not make you a lot of money but having you own business can help you do that. There is one more thing that he didn’t talk about.
What about investing you money to make more money?
You know on this website we talk about a lot of thing like building a YouTube channel and building a blog and investing. Yeah saving money is great but we should be investing money so it can grow over time. Right now I am investing into the stock market and making some money from it right now.
I invest in dividend paying stocks, which makes the money super passive. there is nothing like getting paid at midnight dividends for doing nothing. My goal with investing in the stock market is to build up passive income to $500 dollars per month. That money can pay for our light, water and cell phone bill per month. It’s a backup plan in case my wife or I lose our job, you can still pay some bills. But in the meantime that money will go back into the stock market to make more money.
Here’s the bottom line
Yes there is nothing wrong with buying things that you want but please keep in mind that while you buy things, we should be saving some money incase something happens. But in the meantime we should be starting other business and investing money to build wealth so we can pass that down.
Can Clickfunnels be used for affiliate marketing? Check out my blog post: https://www.thexking.com/clickfunnelsforaffiliatemarketing/
