10 Smart Ways to Invest Your Money
1) Yourself (pay yourself first)
The single most important investment that you can make is in yourself. If you are not already doing so, it is time to start paying yourself 10% of every dollar that you make, whether through your job, your investments, or anything else. That money is to be set aside in a separate account so that you have it when an opportunity presents itself. When that happens, you can invest this money, but only on assets. You can then spend the profits on what your investments make – but only the last 90%. The first ten percent goes back into this fund. If you sell an asset, the money that you receive from the sale goes back into this account. The principle never gets spent. Never!
