Make Your Money Work for You

My father has told me ever since I was a little girl that the best way to make money is to invest what I have into making more of a profit. It’s a simple loop that shows gratifying results.  I’ve always had a mindset to save what I had for a rainy day, and when I started making enough to grow my savings account, I realized my money was just sitting there and doing me no good.

Perhaps the biggest motivation for investing is that in some cases it’s low maintenance and allows you to not have to work for the entirety of your income. You can either work and be a slave to your money or have your assets work for you. For example, with my current practice of putting money into my savings account, I’m basically never going to have more money than what I put away. But if I take that money, and put it into a safe investment of my choice, it’s just like having it untouched in a saving account, but this route allows it to slowly but surely grow.

By investing money, you are getting your money to generate more money by earning interest on what you put away, receiving dividends or by buying and selling assets that increase in value. The method you choose doesn’t really matter. If you decide that you like investing, you can take higher risk and maybe make greater amounts of money in a short amount of time. However, if you simply want to make a little bit of a profit off of what you’re already making, you can take safer routes and put your money into something less volatile that almost guarantees that you won’t lose out, but still gain a little bit of money along the way.

There’s a never ending list of different types of investments to choose from and they all reap different benefits. No matter what you chose, the overall goal for an outcome remains the same: generate more assets for yourself for the future. As they say, "Money isn't everything, but happiness alone can't keep out the rain." Whether your end goal is to live in a mansion, or put money away for a rainy day, investing is an essential tool that everyone should take advantage of.

~Hannah V.