Monday, July 20, 2009
Making money work!
So, i believe we have started our research work on the market we want to target our limits and scope of our powers on which we are going to bet our efforts to become rich (plz refer my previous blog if you are not getting me).
Fine enough! These days its more often when you get to hear this around: "Dont work for money, but make money work for you". I doubt if many of us believe this is possible or happening. Well, just to give you an example, there are people (lets refer them as Mr. Lender) in every part of earth who have few thousands saved, they would rent it to neighbours or neighbouring shopkeepers and charge an monthly interest on it or even daily! If you are smart enough, you already know where i am heading :)
No prize for guessing it right. We are talking about trading. I encountered an awesome quote recently which said "A successful relationship is where you give someone what he wants in return of what you want". Plain, blunt but true. Thats what happens in both the cases, the first example of our local money-renter and the trading market.
You give money to someone when he needs and you get the benifits later. Since this blog is meant for people who are dieying to become rich, so we will talk trading of money only. Lets leave rest other lucrative things like flesh trade etc to the social activists! ;)) We'l get back to them wen we become rich.
The reason we are discussing trading here is because we are going to need it sooner or later when we will start minding our business. Our Mr. Lender is multiplying his money by doing nothing himself. He has left the money with someone (lets refer this guy as Mr. Worker) who is going to use it to create money for himself. And the money he makes will be shared with Mr. Lender. Simple enough, Mr. Worker got money from Mr. Lender when he needed it and Mr. Lender can now ask for higher returns as Mr. Worker grows. As we start minding our busniess, we are going to be Mr. Worker, but right now we can be Mr. Lender.
Now the cliche':: Dont get tempted by this idea of getting returns by doing nothing. If you have ever seen Mr. Lender in real, he is never rich. He will have few thousands to spare and he will always have those few thousands only. Real money and the fun to make it comes when you taste sweat.
Lets streamline our course of action now. Becoming a local Mr. Lender is absolutely worthless and humiliating. There is a smarter and more regulated way of becoming Lender. Start playing with stocks. It will teach you the basics of business and the water-cycle of money market. I will talk about it here someday later. Right now we have to learn what Mr. Robert Kiyosaki teaches. Invest your money into something which will use ur money to create more money. Major examples would be stocks, real estate etc. You have to learn it if you are a serious Mr. Rich aspirant. Start with few thousands. Dont play gamble. Making money is no magic. Learn the way a kid learns to crawl, then stand stumble and then walk and then run! We sure are going to learn hell lot of things :)
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I wish consistency would have been my mark!!!
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