Who works harder you or your Money?

in LeoFinance6 months ago


Working hard Vs Working smart

We all work for money however that mostly means living from pay to pay.
However some people work smart and make the money work for them.

Working money is more productive

Money sitting in your account is idle money and may give you little or no returns.
What ever returns your account gives you should be seen in terms of the rate of inflation.
Your effective return on investment is the rate of return minus the rate of inflation.
Inflation eats into our investments and future profitability so our investment must me done taking into account the return on our investment.
What you earn as a daily, weekly or monthly wage does not make you rich as a significant portion of it goes towards paying the bills.
What matters is how much do we save and where do we invest our savings.
Our saving should give us a healthy return after the inflation being deducted from our returns.

Be skillful at the game of investing

Have you played any game? If you have you would know that that you need to keep practicing to get better at playing any sport.
The same applies to investment.
You need to keep finding avenues to invest. A lot more time goes towards researching. However is not a waste of time instead it is the most productive time as research when done right gives us rich dividends in terms of insights.

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You're making a good point here, I sure found that out the hard way.
After the system drained me and I finally quit my last job under a bos ( in the Summer of 2016 ), feeling burnt out and depressed, I decided to never go back to a situation like that anymore.

It took me half a year on The Canary Islands and another couple of months to discover and dive into crypto, to change my life around. Nevertheless, I'm only recently learning about using crypto in more of a passive income kind of way. I do indeed want to do more than just pay my bills with it ( but I don't have a side job and swore I won't get any if I can help it ).

If you're interested in my strategies, I wrote about it 3 weeks ago shifting from blogging for crypto to crypto investing

In the end it's all about doing less to get more. Time is the most valuable asset around ( data a close second one ).

Enjoy ( the remainder of ) your Sunday!

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Hi @vincentnijman thanks for stopping by and a bigger thanks for sharing your experiences. I guess we have to all walk the beaten path and learn from our falls to arrive here in the cryptoland.
Here too we have to undertake our journey of learning before we can get liberated and experience our financial liberation.
Your comment is reassuring and I am sure I too would be find that financial stability in crypto land.
Gonna follow the lead in your post and read your earlier post too.
Thanks once again for sharing your views.

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You're very welcome. I don't mind sharing my journey and feel we're all teachers ( I was one in my last job in the system ) and students here, as well as in life. That is how we level up!

I was actually thinking of writing a little series about how I got into crypto / how it changed my life but - as a creative - I keep changing my ideas so I try not to make promises that I can't keep. Might still do it though...

See you around! :<)

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Me of course I do not have money

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Hi you may not have money but you have yourself to invest.
You could invest time to study finance related content and post your own content to
leofinance and start as a content creator.
Since you are here I think you already know the drill.
Perhaps use part of the earnings to powerup and try the curation side as well

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You make some really good points in your post. Thanks for sharing your thoughts.