The top 4 ways to find money to invest, cut debt, job grants, lower costs, and saving is the superior investor combination that funds portfolios for wealth building. This lesson discusses the money attitude superior investors have that puts money to work to make more money!
What’s in this lesson for me?
This lesson gives you the top ways superior investors use to find money to invest. Any number or other money raising efforts can add more investing money to amounts raised by these 4 basic methods. But these methods give you another important advantage, the money working attitude of a superior investor. To learn more, links at the end have related content.
FAQ investors ask about finding the money to invest
These questions and answers about finding the money to invest, have overlapping answers which help investors understand how stock markets, investing, and money-making interrelates.
Why is investing important?
Investing can provide life-changing opportunities, especially for those who adopt an investor lifestyle. The most successful investors begin early and create financial security and wealth through a lifetime of disciplined investing.
Achieve investment success by educating yourself and investing to secure your financial future. Learn to manage risk and maximize returns for the best possible financial outcome.
Financial security and independence are possible by investing and consistently reinvesting returns. That can outpace inflation, generate multiple income streams, and provide long-term asset growth and increased cash flow for a lifetime of financial stability.
What are money-working investments?
Money-working investments are reliable, productive, and secure income-generating investments that can build long-term wealth. Savvy investors deploy this effective investment strategy that anyone can learn. They use it with Smart Diversification to minimize cost and risk by purchasing the right-sized positions of several money-working investments.
Smart money management starts with opening high-interest savings accounts, checking for accounts that offer rewards or transaction and signup bonuses, and using lower-cost credit unions that can provide higher returns. Then, they seek money-working investments.
However, the most successful investors reinvest their returns for compound return growth throughout their wealth-building lifetime.
How do I get started investing?
Investment success starts with the decision to learn how to invest and take the actions necessary to make it happen. For the most success, develop an investor's mind and adopt an investor's lifestyle.
Begin now, prepare your mind, make lifestyle choices, and invest in your knowledge. Set your money goals, write a plan, and get any needed help.
Become an active financial manager to minimize spending and consumption to begin building your investment pool. Take action needed to cut debt, accept any investment or retirement fund grant available from employers, and minimize your cost of living to save more.
What are the best ways to find investment money?
No-worry investors use the top four money-finding strategies, including cutting debt, using employer grants, lowering costs, and saving more! Anyone can do the same to put more funds into wealth-building investments.
These are no-worry investor lifestyle choices to build the best financial future by committing to live below their means and pay debts as quickly as possible. That is part of a long-term pay-yourself-first strategy wealth builders use to achieve financial security and retirement comfort.
They also increase their investment funds in small ways like saving change, cash-backs, bonuses, or other rewards. They see regular fancy coffee treats as a less secure and comfortable retirement! That eliminates many impulse purchases to prioritizes savings!
Where do investors find the money?
Investors actively work to raise their income but also find money to invest by cutting debt, accepting job grants, lowering costs, and saving!
To build wealth, informed investors combine these methods to fund their portfolios. Do the same by getting rid of bad debt, starting with those with the highest interest rates. Once you begin to pay debts off, you have more money to pay off other debts and then save to invest more.
Second, accept any grant or matching funds employers offer and contribute as much as possible to maximize matching contributions. Third, reduce all living costs to well below your means.
And last but not least, save the rest and invest, invest, invest! That comes back to the beginning, ask for a raise, and get a second income.
What makes investors successful?
No-worry investors begin by investing in knowledge, and they start early; they compound returns and diversify.
- They start with a written plan, goals, and time frames,
- That plan becomes their program for all markets,
- They make saving and investing a priority over spending,
- They personalize investments using smart diversification,
- They are determined to keep costs to a minimum,
- They monitor markets to manage taxes and accounts.
Investing can be complex, but essential investor habits are simple. Successful investors build a good plan, stick with it, save, make reasonable investment choices, and manage their taxes and accounts. They remain forward-thinking and optimistic as they build wealth by making money work.
Finding investment money
Paying bad debt pays you 15% - 20%!
The 1st of the top 4 ways to find money to invest is to pay off bad debt. Think of any credit card debt as you directly paying investors in the finance company.
Thank you very much! But stop it! That is a very pricey luxury that neither you nor anyone else can afford. I don't advocate cutting up your credit card, but you must make it work to your advantage.
Think of paying off credit card debt like finding a sure-thing investment! The "investment" pays 15% to 20+% guaranteed! By paying off that debt, you move that spectacular rate of return directly into your pocket. Make paying off debt your top financial priority to put that money into your pocket and take it away from the bank's profits!
Employer contribution
The 2nd of the top 4 ways to find money to invest, take money offered by your employer. If your employer provides an investment or retirement plan, sign up today!
An employer-sponsored plan can get you into a professionally managed fund. Because financial management companies want the business, most group plans accept small contributions. Many can start with $100.
Typical plans take authorized deductions from your pay or withdraw either monthly or quarterly contributions from saving or checking accounts. Some employers offer matching grants and double your money by matching your contributions. That is free money! Take it!
Cost control
Getting costs under control is the 3rd of the top 4 ways to find money to invest. Cost control ranks among the most basic business principles and applies to our private or personal finances.
Live within your means to get costs under strict control and build your financial security by putting away savings—cost-cutting works. Look critically at absolutely every dollar you spend. Make investing in yourself your best choice and part of your future.
A start to cost control is detailed tracking of every expenditure for your use and benefit. Only you need to know the numbers.
Tracking yourself for two weeks will be eye-opening! We often let money melt away in casual spending that can quickly add to significant avoidable expenditures.
Saving program
The 4th of the top 4 ways to find money is saving to invest as an essence of wealth-building. If you want wealth or reasonable financial security, you must start paying yourself first.
Take 10% or 20%, of each paycheck and put it aside. Begin by building an emergency fund able to pay 6 months of bills.
Set that amount aside in an accessible savings account. Touch it only in a genuine emergency. Concert tickets, vacations, or new shoes never qualify!
Think of your emergency savings as your Golden Bridge Fund! It is an essential part of your journey to the land of financial security. The Golden Bridge takes you from paycheck-to-paycheck living to a place of comfort and options in which you control your future.
Investing changes your future
Investing is an effective wealth-building tool for future security, freedom, and retirement comfort. Getting money to work for you in investments allows it to grow value and provide income compounding and long-term growth.
- Investing is an effective wealth-builder,
- Investors have many choices,
- An investment plan can provide a wealth-building map,
- Personalize your investment plan, goals, income, age, risk tolerance, and knowledge, and change it as your experience grows.
Investing gives you advantages
- Your money works hardest for you when you invest it. And it keeps working 24/7 to produce income and growth when you own suitable productive investments.
- Inflation erodes the value of money, so it must earn a return to keep the same value. When invested in productive assets, money produces more than inflation, keeping investors ahead.
- Typical bank accounts and savings certificates need to catch up with inflation.
- Wealth-building investments give investors options. By building a financially secure foundation, investors give themselves more life choices, including making work optional.
- By keeping your money working, you don't have to, and you continually grow wealth and expand your opportunities and choices.
- The sooner investors start, the better they do, and the longer they have to enjoy the benefits of an investor lifestyle.
The practical parts of making money work for you
Taking control of your finances and future means making money work for you and continuously improving your financial security and future options. But getting to financial independence takes some practical steps.
Learn To Budget
A budget is a financial plan for your money. It requires you to know where your money is coming from and where it is going.
Knowing where it comes from and how it gets spent changes your money behavior. You will make money and make it do what you want! That is a big wealth-building step that changes you handle your money.
Spending money with a plan increases your financial power.
- Make spending less than you earn a goal.
- Assign every dollar you earn to a budget category.
- Know where every dollar goes.
- Identify bad financial habits and weaknesses.
- Pay off debt.
- Avoid creating debt.
- Set your spending, saving, and investing priorities.
- Think long-term and save, save, save.
- Continually monitor, regularly review, and annually update.
Debt is a huge wealth drag
Toss the debt so you can build wealth. Interest payments on debt substantially cut into income as a wealth-building drag. Think of debt as money owned by someone else that can't work for you! And you must keep paying more for it!
Getting rid of debt redirects your money to making money for you. That builds your life choices and future.
Use emergency funds like insurance
Most financial surprises are not good news, but being prepared for an emergency makes even an unwelcome surprise manageable. An established emergency fund also keeps our wealth-building on track. By being ready, we know what to do, deal with the issue, and get on our way.
Think of an emergency fund as part of making your money work for you. It means you have planned for an emergency surprise. You can quickly get back to wealth-building by dealing with any emergency issue.
Keep the emergency fund in a high-yield account that is readily available.
Save and Invest Your Money
The point is to get as much money to work for you as fast as possible. Knowing the top ways superior investors use to find investing money gives you a head start to wealth-building investing. Your other money-raising efforts can add more investing money to amounts raised by these 4 basic methods. Looking to constantly use these 4 ways develops an attitude about using money like a no-worry investor.
Key takeaways from lesson 2, Top 4 ways to find money to invest
The top 4 ways to find money to invest, cut debt, job grants, lower costs, and saving is the superior investor combination that funds wealth-building portfolios.
- Adopt the attitude of superior investors towards money.
- No debt - think of eliminating interest costs as guaranteed returns.
- Take advantage of any employer contribution offered.
- Cost control is essential to investing success.
- Save, save, save! Have a consistent savings program.
Other lessons related to: Top 4 ways to find money to invest
Thinking investors grow money!
Investors can deposit and WAIT!
Weeding your investment portfolio
Pyramid portfolio wealth building
New investor danger!
Financial advisor incompetence
Comments and questions welcome
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Making Money With Investing Success, lesson links:
Key investing success lessons Lesson 1
Top 4 ways to find money to invest Lesson 2
Time to invest or time for an advisor Lesson 3
Low costs double returns as ETFs beat mutual funds Lesson 4
4 Successful investor traits Lesson 5
Small investors have advantages Lesson 6
Avoid 6 investing sins Lesson 7
Investment impatience destroys wealth Lesson 8
3 Yeses or no investment Lesson 9
Investing can be fun, interesting and slow Lesson 10
Warren Buffett explains gold Lesson 11
Smart investors use smart diversification Lesson 12
Next lesson 3: Time to invest or time for an advisor
Have a prosperous investor day!
Bryan
White Top Investor
[email protected] WhiteTopInvestor.com
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Lesson code: 345.02.
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