How can I start making my money work for me instead of spending it?
July 20, 2009 4:49 AM Subscribe
How can I start making my money work for me instead of spending it? - put my creativity, time and energy in to make money.
posted by Not Supplied to Work & Money (11 answers total) 20 users marked this as a favorite
I don't want to give the impression that I'm a crazy spendthrift cause I'm quite good at saving money on everyday things and not spending more than I need to. However, I've never really made my money work for me. Whenever I've had savings from a job or windfalls, I've always seemed to gradually spend it on projects that cost a little more than my means etc and not done anything to turn it into more money.
I think I may have a mental block in this direction for some reason that's hard to put my finger on.
Obviously one side of this is keeping track of what I spend and being strict about budgeting, which I think I have a handle on improving.
However, the other side is ways to be productive with money which is what I'm really asking about. Not so much savings although some backup is important.
I saw a program some time ago where a financial guy helped a couple to pay their mortage off quickly - they came up with several small businesses using their skills and other little ways of making cash.
I'm quite creative, hardworking and can put a lot of energy into things, but haven't found a way to make things click in this direction.
So, looking for 1)practical ideas and places to get more ideas
2) How can I start thinking in the right way?
3) Is there some sort of professional that I can hire to help me like the guy on the programme?