income is better than wages

Income is better than wages

I don’t remember who said this line income is better than wages but it came to my mind while I was looking at my portfolio and I agree with this saying that income is better than wages .there is a limit to how much you can get as a wages and your wages are calculated per hour we only have 24 hours in a day and there is only one of you to earn that wages.

Your wages get increased once per year and that increased is not much I think you know you get the point why income is better than wages but wages are good to create an income, wages are good for daily expanses .Please use your wages to create an income for you and your generation use what you have to get what you want .to get the full benefits of income you must have a multiples streams of income.

The power of income is huge you can multiply the your income to make more money the potential is endless .the good news is that you can start with any amount of money big or small you can do something let me make just make few examples you can buy shares in small capitalization companies build your investments .

Invest in a company that is the leader in it field you can invest in property get paid rent to get a second house your property investments can pay for itself you can also buy shares in a listed property companies if you don’t want to manage the property you self you can always hire a company to manage the property on your behalf.

There are many ways you can make income the bigger goal should always be making multiples streams of income because income is always better than wages income makes money works hard for you not you working hard for . 

instant gratification

instant gratification 

          

we all suffer from a condition called instant gratification is not a medical terminology it our mindset we want everything and we want if now .our attitude toward life we became a microwave generation we want minutes result ,we want our food and we want it know

Instant food ,reedy cooked meals or so called pre cooked food this attitude we have this attitude in everything we passive it in our daily life’s ,in our investments philosophy we want instant result .the fact is know that long term investments pays good result .

                                                             

Example property takes years to appreciate shares and bonds our attitude of instant gratification puts us in risk of unsafe investments .criminals use this for  their benefits they promise instant result big fake rates

We ended up losing our money kissing it goodbye instant gratification plays with our emotions we end up depressed because life few things are instant and money game is not instant .we put hard work do research before you invest you must calculate price earnings ratios or any other ratios before you can make good investment.

When you have instant gratification attitude percent of being depressed because life is not instant and improving life and personal development is not instant so as a result you will see false result example includes you will see yourself as a failure everything will be against your attitude you will not feel instant gratification and you will not be grateful for anything in your life .

all this is a false result and can put you out in a game called life .

good news is that changing this attitude of instant gratification will change the way we see life and life will be worth living if we can go back to the good all attitude waiting and hard work pays well.

We will work hard in everything that we do not only we will achieve more in life it will be beyond our expatiation that the real gratification .our life perception will be gratefulness.

Speculating and investing What is speculating?

Speculating and investing

What is speculating?

Speculating is not investing, is to take chance with a hope of making big money, example a new company is opening or offering shares like (IPO) Initial Public Offering that a new company listing on a stock exchange .why I say this is a speculating, it because the company is new, its management hasn't proven themselves and you have n financial records to see how they manage their financial records.

Speculating is not all bad because you may win big on the other side you may lose all your money You When you put your money in a company like this one it not investing it speculating .The question that came to my mind, Is speculating good or bad? When you speculate you take chances with your money just have to calculate when you speculate and know what you are speculating and not investing.

Investing

Investing is the opposite of speculating. Before you invest your money you calculate the risk vs. reward, do your home work, read the financial records of that business, and see if there are making money for the past 3 years and how much debts the company has. You will need this to make an informed decision if the company is not making any profits and has debts how are there going to pay back .The creditors will take asset from the business, the business will lose value.

This are just few basic information to minimize the risk and make a good investment you have to invest in a business you know or in a business you understand how are there making money .The best investment you can make it to educate yourself in investing that will save you money and time.