Investing
Investing
You can invest in many things to make money. But you most important thing is that you make enough income. So you should invest in your own business.
But here are some ideas:
- Have a successful business that you can run that makes money. Owning a business is your best bet for financial success.
- Save 10% of your net income in a tax deferred vehicle like an IRA.
- In the IRA you can invest in many things, you can have a traditional IRA in mutual funds, you can have a self-directed real estate IRA that lends money as a private lender or a joint venture partner or that buys and resells property, and the profits are tax deferred.
- Save 10% for an emergency fund, keep it cash,
- Save 10% for business growth marketing dollars. Without marketing you can’t grow a business,
- You can invest in your health and make sure that you see a doctor regularly and watch your diet.
- You can invest spiritually however that works for you, we all need to feel that we are doing our part spiritually.
- You can invest in your relationships with your significant other and your children,
- You can invest in your parents,
- You can invest in your friends.