To have money, you need to do 3 things….
- Make money
- Don’t Spend all of it
- Invest for growth
End of story, goodnight have a nice life, do these 3 things and you will live happily ever after… oh you have a few questions?
- How do I make enough Money?
- How do I save when I am forced to spend all I make and more?
- Investing ? I have a savings account at the bank, is that what you mean?
Oh my god, is it really that complicated? In fact, yes, I believe it is.
The Chicken is you… too afraid to venture out, not sure of your abilities, stuck in the same old job year after year, no education as your parents did not believe in it yadda, yadda, yadda… and more yadda.
The Egg is the prize, Financial Independence, Freedom 55, Passive Income for the rest of your life, and a guaranteed retirement unfettered by market fluctuations, and corporate bankruptcy.
So back to the dilemma, you (the chicken) need money (the egg) to invest in yourself (the chicken) to go back to school to make more money (the egg). And so on and so on…..
Hence the old adage “It takes money to make money” how true, so where do we start?
Lets start with the Chicken (which is you and me) as ultimately the chicken in our scenario already exists, so we already have a starting point.