subject: Money Management: Working for Money Won't Help You Get Rid of Debt [print this page] Money Management: Working for Money Won't Help You Get Rid of Debt
You wake up, prepare for work, you drive to your office, go home, sleep, and wake up tomorrow. This is the routine that an ordinary person does every day, five times a week, 22 times a month, 259 times a year. For 259 days, you will only be excited about going to work for 12 times a year, and these days are your payday.
When you receive your paycheck, what are you doing with it? An ordinary person would spend 90% of their paycheck for that particular month alone. Some are spending 110% of their total earnings every month, which leads them in great debt. 10% of the world's population would spend their paycheck to generate more money, and in turn they will receive more money to clear off their debts.
90% of the world's population is working for money. The 10% knows how to handle their finances carefully. Have you heard the saying "10% of the world's population holds 90% of the world's wealth and 90% of the people share the 10% remaining wealth."?
Now, try considering this advice. Save your paycheck, pay the interests of your debts, and use your remaining cash to help you create an extra source of income. Do this step every month, and within a year, you already have 12 sources of income plus your paycheck. Imagine if all your income sources can generate $50 every month. You'll have an extra $600 every month to help you pay your bills, or even create a stronger source of income.
If you continue to work for money, you will be staying with 90% of the world's population, sharing 10% of the wealth. Try to let your money work for you, and you will see a great difference with your finances. This is the best method that you can use to help you get out of debt, and build a financially secure future not only for you but for your family and the next generations of your family.
Millions of people die leaving thousands of dollars in debt to their families. Don't you want to leave this world and leave your family with hundreds of thousands of dollars in cash? You can start it if you stop working for money, and let your money do the work for you. I'm not saying that you should stop working right now, but you need to learn how you can create extra sources of income using the money that you have worked for.
