Having consulted for many professionals who want to step up their finance game, I can tell you for free that many others are missing out. Only few people know that savings and investments are two different things.
Savings is when you put your money into a safe place so it won’t be spent on what you don’t plan for.
There are different types of saving plans which include putting money in a piggy bank, keeping your money in a bank savings account or digging a hole in your house to keep your money.
The good news is that when you keep your money in bank savings accounts, you may get some interest on savings which means ADDITIONAL funds.
Investments, on the other hand, multiply your money.
Note that ADDITION and MULTIPLICATION are two different things.
Savings is to ADDITION as investment is to MULTIPLICATION.
If you save your money for a particular period, you will get additional funds, but if you invest it, it multiplies.
If you want to be financially free, then you must have passive income.
Having only active income cannot guarantee financial Independence.
Let your money work for you while you sleep.
Most wealthy people have multiple streams of income.
In fact, they have more than five different streams of passive income.
On the other hand, most average people have one or no passive income.
If you want to be financially secure, the first goal is to create your passive income stream.
Additional income is good but multiplied income is better.
To your financial success, TemiAlade-Mustapha