#44 – Multiplying Your Money
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Are you multiplying your money? Or do you “only” have money stacked away in your savings with close to 0% interest rates on it? If so, you’re probably not making any extra money on your savings. In fact, you’re most likely losing money as inflation is chipping away at the value of your savings every year.
By generating money with money you already have, you create more financial stability and security. It can also give you an extra income that you can spend on fun stuff. But if you only have savings, you’re missing out on an opportunity to create more money.
By the way, I am 100% in favor of having savings. Having savings accounts is super valuable both in order to reach specific goals, as well as in the case of emergencies when having emergency funds at hand is absolutely essential.
But I also feel really strongly about using your money to create more money at the same time. And that means you need to look for other ways to use your money.
In this episode, I talk about some of the options to make more money with your money.
After listening to this episode you’ll know:
- 4 ways to use your money to create more money
- some advantages and disadvantages of each
Listen to the episode now and decide which strategy suits you best!