Do you know that if you spend all your time working for money and receiving your little pay cheque alone, you will not be wealthy in the long run, unless you are being paid in six figures already? I know you already have an idea, or already know the infamous way of being paid for working either in wages or salary, in this post, I am concerned about what to use your money for and how to use it well. Money is meant to be used. If you do not use it, it will be sitting down at the bank or under your mattresses for those who do not like keeping their money in the bank (just joking).
Money can be used in so many ways, and when you have money, you wither use it to by yourself freedom, or you use it to get yourself more money. Both are very good, because when you can pay someone to do what you are supposed to be doing, to be free, then you are making use of the money properly. If you decide to pay a laundry man to help to dry-clean your cloths, instead of you washing the cloths yourself, then you are buying yourself the freedom to do other things, instead of spending your time on laundry. It is a very good thing to buy your freedom, but it becomes a bad thing if you are overpaying for your freedom. If you value your time to be worth $50 per hour, and you decide to pay the laundry person $25 to help clean your cloth in that hour, then you are making a profit, but if you pay $65, then you are doing a wrong business.
The second way of spending your money is to make more money. If you have money enough to do more things with it, it is advisable that you start to use your money to make more money. In the quest to start using your money to buy money, you need to look for anything that will give you additional money at the end. One is High Interest Savings account. Unlike regular savings account, High interest savings account gives you interest on your savings above the regular savings account. It might not be a large interest on your investment, but it is something worthy. It doesn't require much risk, so it is a safe way of buying money for yourself.
Another way to buy money for yourself is to invest in companies that pay dividend. If you are investing in dividend paying companies, you aren't looking to play buy and sell with your stocks, you are interested in buying more money from your previous capital. The dividend paid out is the profit from the investment. Still in the business of buying money to make money, you can invest in real estate. With real estates, you get money back from rents. Rents being paid can be used to clear mortgage, maintenance, as well as allow you to have something for yourself which could be used for your regular activities or for investment. If you are a person who enjoys bigger risks, then buying businesses is an option for you. When you buy businesses, such as franchise, you are looking at making profit from sales and ownership of the business. You could also invest in start-ups, so they give you money at the end. It is also very important to spend money on improving your self. You should be able to improve your skills and to do that, you need money.
In conclusion, it is wrong to leave your money laying down without using, you can either use it to buy assets or liabilities, provided you get value for them.