Most people living today are millionaires. Sounds like a controversial thesis? If you count all the money spent in a lifespan of a given person on food, clothes, place to live, entertainment, the cumulative amount will exceed million dollars. In other ways, the average person can make someone else a millionaire. It is sad and thought-provoking to realize how much of your energy is spent to make other people rich. Almost none of these resources will be used to improve your standard of living. Once you understand the consequences of your behavior, you will have the motivation to change your habits.
Let’s look at the big picture. There are four basic ways to spend money. Life necessities such as food and accommodation. Things that rust, rot and depreciate. These include things that make your life comfortable. Think about a new car, vacation, designer clothes, coffee at Starbucks. These things will bring short term satisfaction, but they won’t affect your life in long term. The third category corresponds to saving your money at a bank. In reality, you give your money to someone else to invest and spend it in your name. All three categories are good ways to make someone else wealthy.
The fourth way to spend your money is to invest them is assets that appreciate in time. If you buy a book for $10, you will lose cash and time to read it. However, the knowledge that you gain through reading may help to make better decisions and earn money that will far exceed your initial investment. This way of spending is difficult, and only a few people will follow. Those who seek instant gratification will avoid it. Those who have a hard time spending money will avoid it.
Where to invest your money? One of the best options is to build your own business. You can either build your dream or work for somebody to build their dream. Think how you can contribute value to the world. Find a way to deliver your product or services to customers. The Internet is one of the best ways to find new customers. You will quickly receive feedback from people assessing your offer. The task of building your website and promoting your product may seem daunting. You can use the help of search engine optimization firm that will help you to establish the online presence.