Buy things that make you more money
Simple wealth principle tells you, "Buy things that put more money INTO your pocket."
And it continues, "Don't buy things that take money OUT of your pocket."
If you follow that simple formula, each year you'll have more money.
Things That Put Money into Your Pocket
Here are a few examples:
- Real estate investments (You get rent every month)
- Stock market investments (You get dividends every year)
- Online business tools (When you use them, they'll generate you more money)
- Education (When you apply it, you'll earn more money than before)
- Hiring freelancers / employees
- Your business
If you invest money in those things, generally you will get more money back than you have invested.
95% of the online business tools, programs and education have put more money into my pocket than it has taken.
Wealthy Affiliate has been one of the best "investments" in many ways. It hasn't only made me more money but also given me many other things:
- Incredibly Valuable skills (Blogging, YouTube channel creation, email marketing, etc.)
- Lifelong friendships
- Opportunity to influence people in a positive way
- And much more...
That's why I highly recommend you to take advantage of the WA Black Friday offer.
The chances are that it will make you much more money than it costs you.
Things That Take Money out of Your Pocket
Here are a few examples:
- Car (all kinds of running expenses)
- Bigger house
- Entertainment equipment
- Vacation
- Fancy tech products that you don't
- Games
Notice that I'm not saying that you should never buy those things. I'm simply laying down the fact that such things take money out of your pocket (unless you are using them to build your business in a profitable way).
I realized that recently that since I like traveling so much, it automatically prevents me from buying lots of useless things. I was looking at some Black Friday sales and thinking, "Wow! I would like to buy this and that..." But then I quickly realized that those things won't fit into my luggage :D
Therefore, I feel that traveling has been a huge blessing because if I would stay in one house for many years, the chances are that I'd be buying all kinds of fun stuff that I don't need or never even use. Do you own anything that you haven't used for months or years?
Anyway, the point is that it's so easy for us to spend money on all kinds of things that we don't need or that don't bring us any real value. People just spend money because of an impulse or because "it would be nice to have".
Put Money into Your Pocket
Write down all the things that you should start investing in. What are the things that will put more money into your pocket?
Write down when you're going to buy them.
Then take action according to your plan.
You can start by taking the Wealthy Affiliate Black Friday deal.
You will not only save $200 instantly but it can also give you multiple returns.
That being said, remember that it's not a "buy this and Wealthy Affiliate will send you more money back." You'll need to apply everything that you learn and ask questions whenever you need.
Most people will never make money because they simply quit too early. In fact, I believe that majority of the people quit within the first day.
That makes it easy for you and me because we beat 99% of our competition simply by continuously taking action.
It's Your Time!
- Roope "Buy things that make you more money" Kiuttu
PS. I still want to underline that it's also good to buy sometimes things that don't directly make you more money. Otherwise, you would never buy any gifts, give money to charity or have any vacations and that doesn't make any sense. You need to do those things as well.
But if you want to get more money, you also need to buy things that will put money into your pocket. It's that simple.
PPS. Now I'd love to hear from you.
What are the things you're investing that will bring you more money in return?
Recent Comments
39
Great points, Roope. I upgraded to Plus because it's an investment in more classes and training. It changes my whole outlook on my business.
Paula
Congrats Paula! I was also watching one of Kyle's premium plus classes yesterday and it exceeded my expectations!
That is so true, Roope, and such an excellent reminder as we all head into the holiday season.
Better to be a seller than a buyer.
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Thats correct Roope...if you want to earn money then you have to spend money and that is what we call investment. My type of business is in the medical field...so I bought laboratory equipments and medicines(pharmacy) in my clinic to run on some tests for my patients and drug treatment respectively. I do agree that in my type of investment...it surely offers sustainable daily income Roope especially at theses unprecedented times of uncertainties.
Be safe always!
laertesMD
Thanks for sharing these practical examples Laertes!
Yes Roope...because what you are telling us really work's in real world scenario Roope.
Thank you too for the share.
my kind regards,
laertesMD