Money makes more money under these 5 conditions
1. You must own the money
Money can work for its master. If you choose to spend your money, it can no longer work for you because you are no longer the master.
2. Time can help or hurt you
An idle money becomes less valuable over time. Working money becomes more valuable over time. Don’t let your money sit idle – make sure time is on your side.
3. Put your money to work
Invest in things like Mutual Funds. Money aren’t picky where they work, but they need to be invested in order to go to work.
4. Debt destroys Money
Eliminating high interest debt is effectively an investment. A penny saved is a penny earned. You can earn more money by resuing your rupees from debt.
5. Money makes more money
Compound interest is going to help you Get Rich Quick’ish. Ben Franklin said it best, “Money makes money. And the money that money makes, makes money.”
