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Wealth File #15 - Make Your Money Work For You

Rich people "have their money work hard for them."
Poor people "work hard for their money."

When you put the secrets of the millionaire mind to task, you position your money to work for you, while you reap the benefits.

If you grew up being told that you “have to work hard for money,” then you’re like most people.

But, there is a great possibility that you didn’t grow up with the conditioning that it was just as important to make your money “work hard for you.”

Yes, working hard is vital, but if you do it alone, working hard will never make you rich. Why?

Consider this situation.
There are millions and even billions out there, working their asses off all day and night.
Are all of them rich?
No!
Are the majority of them rich?
No!
Are a bunch of them rich?
No!

Most of them are broke or nearly broke.

On the other hand, whom do you see relaxing at the country clubs of the world?
Who enjoys playing golf, tennis, or sailing, all afternoon?
Who spends most of their days shopping and their weeks taking a vacation? I’ll offer you three guesses and the first two are not included.

The answer is the rich people and no one else. So consider this, the idea that you have to work hard to get rich is fake!

“A dollar’s work for a dollar’s pay,” is the saying commonly known as the old Protestant work ethic.
There is nothing wrong with this statement if they told us what that “dollar’s pay” is for.

Knowing what that dollar is for will enable you to move from hard work to a smart type of work.

Since rich people work smart, they can spend their time having fun and relaxing.
They know and use the power of leverage in a good way.
They hire others to work for them to make their money work for them as well.

Based on my experience, I agree that you do have to work for your money.
But, for rich people, this situation is only momentary.

For poor people, it’s unending.

Rich people believe that in order for your “money” to work hard for you until it’s enough to take your place, “you” have to work hard first.

They also know that the more your money works, the less amount of work you will have to do.

Bear in mind that money is energy. Many people put work energy in and get money energy in return.
People who have achieved financial freedom have learned to replace their investment of work energy with other forms of energy.

The other forms are other people’s work, business systems at work, or investment capital at work.
As stated, you will have to work hard for money first to let money work hard for you.

Most people don’t have an idea as to what it takes to win the money game.
What’s your aim?
When do you win the game?
Are you aiming for three square meals a day, an income of $100,000 a year, becoming a millionaire or a multimillionaire perhaps?

The objective of the money game we teach at the Millionaire Mind Intensive Seminar is “never have to work again... unless you choose to,” and that if ever you work, work “by choice, not by necessity.”

In other words, the main objective is to become “financially free” as soon as possible.

I define financial freedom in a simple way: it is the ability to live the lifestyle you desire without having to work or rely on anyone else for money.

Learn how to make your money work for you and you'll never have to work hard or be poor again!

Source: Secrets of the Millionaire Mind T. Harv Eker © 2003

faq-frequently-asked-questions

Frequently Asked Questions About How to Make Your Money Work for You


How do you make money work for you?

Manage your money with excellence by getting and staying out of debt & using a budget - splitting your income into percentages between your needs and your wants, building on your emergency fund savings, investment portfolio and passive income streams.

How can I turn my money into more money?

Get and stay out of debt.
Invest in passive income streams and in yourself by constantly learning and growing.

Invest long term in tangible assets, real estate or whichever investment vehicle you’ve thoroughly researched and are passionate about.

What does ‘make your money work for you’ mean?

When you are financially free, you’re in control of your finances, making decisions based on a sound mindset and taking deliberate action towards building wealth & improving your financial security and stability.

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