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The Best Ways of Making Money

invest, save , expand work hard, diversify.

Money is a very important commodity. As a result, the making of money and the keeping of money are two things that should be given a lot of attention by any right thinking individual. What is the best way to ensure that you make money and that you continue to have money? Well, I may not have all the answers but the tips below will serve as a guide.

1. Work Hard:
Let us be honest here. Grilled chicken does not fly into anybody’s mouth. If you want to have money, then you have to work for money. This is the very first step. Work hard at your job or business and you are well on your way to making money.

2. Save:
This is one very vital aspect of money making that most people find very difficult to do. If you are working and making money, then you must have to save a part of your income. Your savings over the years can then be used to set up a business and this ensures that you continue to make money.

3. Invest:
You know the old saying: "Use it or lose it". Now, you have saved a substantial amount of money. Well, don’t keep all that capital lying idle in a savings bank account. Invest your money and the money will begin to breed like a rabbit. You can buy land, stocks or, better still, buy a partnership in an existing business. Any or all of these investments will definitely make money for you. Meanwhile, you still have your regular job or business from which you are making a decent living.

4. Expand You Horizons:
The road to money is a marathon and not a sprint. After you have invested some of your capital, it is now time for you to take the bold step into the business world. Remember that nobody ever gets rich working for another person. So, if you want good money, you have to go into business for yourself. It is important that you do this very carefully and only go into a business that you are very familiar with.

5. Buy Landed Property:
One business that comes with a near money back guarantee is real estate. It is almost impossible to lose money if you invest in land and houses. The value of real estate, in most cases, does nothing but appreciate. So, invest in landed property and you will make a lot of money in the long term.

6. Have Multiple Streams of Income:
In the business world, you cannot afford to put all your eggs in one basket. So, diversify your lines of business so that you can have income coming in from different sources. This is a very smart move because it protects you from losses when there happens to be a recession in a particular line of business.

So now you know. The best way to make money is the same tried and tested ways that millionaires have used successfully over the years. Work, save, invest, expand and diversify. This is the money formula and I hope it works for you.
Published: 2008-10-13
Author: Emmanuel Osondu

About the author or the publisher
I am an African. An educated professional and a published author into the bargain. I have a background in education and writing. I am also a compulsive reader and I run a media outfit where I hold the twin portfolios of CEO and founder.

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