To make money, to save money, to invest money

Most of those who manage to make ends meet are those who have learned to make money above the usual expenses, becoming very good in their field of activity, at work, or starting a business.

The interesting part is that you don’t know how to make money if you don’t know how to save money. This is the second step in making money. Otherwise you can easily melt all the money you earn.

But saving money is not enough. Even if you are used to putting aside 10–15–25% of your income, not spending all the money you earn, time works against you.

Just in order not to get poorer, you should have a minimum return of 5% for the money saved, and of course this is not the case if you put the money in bank deposits with 1% annual interest, as many of those who manage to put something aside.

The third mentality is needed: to learn how to invest the money saved. Only when the money starts working for you and generating other money, to bring in passive, recurring income, the circle is complete.

Just the other day someone was telling me that he wanted to have a passive income, and he was thinking of starting an online store. I started laughing, asking him if he had any idea how much daily work it takes for an online store, in a concrete way, not what the Amazons sell you through their online courses on how you can get rich while on the beach.

I think it has a lot to do with the mentality of the society in which you grow up, with the possibilities you have access to, with the education of your parents.

However, when it comes to investing money, we still have a major handicap, as a company, that we never knew how to invest money.

Look around, entrepreneurs, business owners have a bad image in society, although most work much more than 8 hours a day. Ordinary people only see that others have and they don’t, they don’t look back, to see how much everyone works. This is one thing, although capitalism has brought us the most economic benefits, much of society still sees it as negative.

I have a saying, all employees are socialists until they open their own business and suddenly become capitalists. When you are employed you complain that the employer is bad and pays you too little, when you have to pay the salaries you complain that the employees work too little and the state taxes too much work.

Two in hand, on a personal level, how many of us know how to make financial investments, to do something with the money saved, if we manage to raise them? And if we don’t know, how many of us are willing to learn? Most of us always go around with excuses — I don’t have what, I don’t have when, we only have one life.

Stocks or bonds on the stock market, not because it’s a spike, we heard from a guy that there’s actually some kind of poker with the money of the naive. Not gold, you just won’t sleep with the ingot under the bed. To launch your own company, why not work 12 hours a day for a few years, possibly lose a lot of money, when you can rub mint for 8 hours, on someone else’s money?

I’m not saying that we should all become experts in financial investment and passive income, nor that I should be an expert, I struggle to learn and understand, to overcome the collective mentality, but I think that we as a people at best have been stuck at the money-saving part and that’s it, very few are still willing to evolve, to build something for them.