There’s no harm in starting small, start a little then use your income to buy things that appreciate or that generate cash flow, not just things that will cost you more like every month or a year.
Very importantly………..
keep learning, it’s a mindset shift that happens gradually.
Having multiple streams of income is important because one job might not be able to cover all your needs. Inflation is affecting many economies, causing an increase in the prices of goods and services. Investing in assets and starting a business is also okay because profits from these sources could contribute to the person's income.
But another important behavior to learn is modest living. Living extravagantly could affect the finances of an individual. The reason why some individuals have not been able to save enough to invest is because of wasteful living. It is not just about having a high-paying job or business, it Is important to learn how to live modestly to enable you to save to invest.
Instead of trading time for money the idea is to create systems or investments that generate income without requiring direct time exchange..it includes
*Investing in stocks,real estate,or other assets.
*Building a business that runs passively or with minimal involvement.
*Creating and selling digital products or intellectual property.
*Generating passive income through royalties,dividends or interest.
The goal actually is to create financial freedom and leverage your time and resources effectively.
When you do have the budget or capital on doing so, then those checklist above would be the most ideal or suggested ways for you to make use of your money on which you can somewhat at least make yourself put up into those potential on making or racking up some profits but of course there's also those negatives but on this approach on which this is much more better rather than on sitting your money idle at bank.
Actually we can be able to do so but the main problem or issue on here is that not all does have the capital or funds for them to make out such step. We do know that it would never be that so simple even if we do have that ideal but still it wont be giving out that kind of chance because it would be needing up that finances for you to be able to move and not just that simply having sticking into those plans or ideas. You wont be able to execute it out if you dont have the capital for you to move. So it will be that situational because not all people would be having the capability on doing so. Who wouldnt be lovingon trying out to touch up those investing plans? We are all thriving to look for another source of income on which we know that we can be able to sustain at least.