Flourish Africa

3 SMART WAYS TO GROW MONEY

We all want to be financially liberated, have the ability to sponsor our dreams and travel round the world but we fail to ask ourselves the right questions, such as; are we willing to make the sacrifices and go all the way to make all these wishes come true? Are willing to become rich and act in the ways of the rich? If we are, then the next question that should make its way to our lips is what do rich people do? Rich people invest and they live smartly.  Here are 3 smart things rich people do to stay rich.

Say no to debts

Debts are swampy grounds, and some people acquire a debt to get out of a debt. It then becomes a vicious circle and they find it so difficult to get out of. Don’t be that person that gets caught up in the web of debts. Plan your money wisely, make a vow to yourself not to acquire debts and don’t make any investment till you’ve settled all debt.

Start Early

Remember the adage that says a journey begins with just a step, let it serve as a source motivation for you on your investment journey. Also remember that the sooner you start investing the sooner your investment will hatch. The secret with starting your investment money is gain of compound interest you will acquire over time. The earlier you start, the better your money grows.

Invest smartly

Don’t get too excited by the words of the investment managers or by their advertisement, tailor your investment plans to suit your way of life i.e. don’t invest more than you can put at stake, don’t investment your money in an investment you do not fully understand, make detailed research before you put your money in any investment scheme.

There will be more steps coming your way next week, We do hope you come back next week to read more about smart ways to grow your money on our weekly picks on grow money Wednesday.

 




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