How do you make money work for you instead of you working for money?

The first thing you have to do is save money so that you have some to put to work for you. Eliminate unnecessary expenses. Keep necessary expenses (food, shelter, transportation, etc.) as low as possible.

Once you've saved some money, invest it in a diversified set of stocks. (Why stocks? Because stocks have historically provided the highest average return over long periods of time when compared with all other asset classes.) I personally think the best way to do this for most people is to buy a mutual fund or exchange-traded fund (ETF) that tracks a major stock market index like the S&P 500 or Russell 2000.

How much work will your money do? If you've saved $10,000 and it returns 10% per year (a reasonable average to expect from stocks over the long haul, though any given year can be much higher or much lower than that), that's $1000 that your money makes for you. Keep saving and let your assets grow to $100,000 and now 10% gets you $10,000 per year on average. Grow your assets to $1 million and a 10% return on your investments gets you $100,000 a year - without needing to have a job.

AND on top of that, you don't have to pay social security/Medicare tax on investment income and with the current income tax structure the dividends and long-term capital gains (i.e. gains on stocks you own for more than a year) are taxed at a lower rate than salary and interest income is, so you'll get to keep a lot more of that $100,000 than you would if it came from a job.

Don't think you'll ever have $1 million? I've read several different news articles about people of modest means (e.g. janitors, schoolteachers) leaving $1 million or more to charities when they die, so I think almost anyone can do it...if you have the self-discipline to make saving a high priority.

Invest it in things that are a pretty sure things.

Stop working for other people and work for yourself. Jennifer

Spend less than you make and invest as much as possible.

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RULE OF 72
5000 @ 12% a month = 1.6 million in 4 years. 19 million in 6 years.

Own as much buisness as you can. And you'll be the boss of the money, not the money be the boss of you.

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Good Luck!

It is easy to make the money work for you, not you working for the money. I trade forex. This is the fastest and greatest way to have the money working for you. It is risky but in this world everything is risky. So try it if you haven't yet. In case you don't know what forex is you can read it here:
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Hope this answers your question. I wish you nice and profitable forex trading :)

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