You could generate cash from playing the stock market. Speculating on forex movement between currencies. Investing in small business ventures. Lending money to people.
Or you could set up a balanced, diversified investment portfolio and generate passive income and capital growth without lifting a finger.
This might not bring in enough cash every single month, especially if you invest in stocks and bonds during turbulent times. You will have to work on averages over a period, keeping enough cash from the good months to cover the bad months.
But it can be done.
The basics of investing are as simple as the basics involved in managing your day-to-day finances. Don’t take too many risks. Stick with what you understand. If something seems too good to be true, it probably is.
John Malkovich, Steven Spielberg, Zsa Zsa Gabor, Kevin Bacon and many others lost millions in Bernie Madoff’s $50 billion pyramid scheme. Madoff died in prison while serving a 150-year prison sentence.
Pyramid schemes – also known as Ponzi schemes – are not real investments. They have made many people rich, but have made more people poor. Those who get into the schemes early on tend to benefit. By the time the scheme collapses, those coming in at the end lose any money they put in.
Don’t be like any of these silly rich people, who really should have known better.
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Stop living from salary to salary. Achieve Financial Independence. Retire Early. Join the FIRE movement igniting the world.
Follow these weekly posts for solid advice on how to escape the rat race, covering material contained in Hard Money.
This is no get-rich-quick scheme. It won’t be easy. That’s why it’s called Hard Money.
Work while they sleep. Learn while they party. Save while they spend. Then live like they dream.
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Anyone in Johannesburg who would like a signed copy (of any of my books, or Shorty’s Poems) can have one delivered to their door by Big Bad Wolf Motorcycle Maniac Deliveries. No charge for delivery.
Or have them delivered anywhere in South Africa via Bakgat Books. https://bakgatbooks.co.za/all-stores/burning-books/
Also available in Edenvale from Inner Journeys bookstore.
www.facebook.com/InnerJourneysdnr
Or from Profound Books in Bramley.
www.facebook.com/Profoundbooks
And they’ll always be available on Amazon.
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