Acquiring Money as an Investor
Our economy hasnâ€™t been too kind to families this past decade in this country. People are scrambling to find new ways to earn extra cash. The most common solution families have to income problems is to get a second job. However this is not necessarily the best way to achieve the lifestyle you desire or the long term security you need. The four ways of earning money are working as: an employee, a self-employed person, a business owner and an investor. Working as an employee is a common a typical solution to finding income. Employment alone is really not as secure as it used to be, with the threat of pay cuts and layoffs. You will probably end up working 40 hours or more per week, plus a second job, and if you work on salary you know how you can be cheated out of pay for how hard you work. It will eat up all your free time you could be spending with your friends and family. Although its the fastest way to earn most you will probably earn the least. Seeking funds as a self employed person allows for a little more flexibility as far as when appointments are set. This, however, can be just as time-consuming as being employed. The responsibility to acquire clients and resources is yours alone. Starting a business is the best thing you can do for yourself. Initially it is a lot of hard work in the beginning, but its worth it. You begin investing a lot of your profit back into your business, but eventually you will reap a greater percentage of that profit overtime. You can see from this perspective how much of the pie you would get as an employee. Be extremely careful how you start your business to make it successful and hire a business consultant. Successful businesses require careful planning and experience. Being an investor is the best category to be in. Business owners will eventually take their profits and invest in other companies and markets. By riding growth rates, investors make their money work for them. Your comfort level with the risk involved dictates what investments you will make. Some will take huge risks to make a large profit, and others will invest in safe money market funds. Never invest before consulting a financial advisor first.
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Published on Aug 30, 2013