Use Extra Money To Make More Money
Here is a quick recap of what you should do:
- Invest in yourself. Take a class, a course or something to make you more knowledgable
- Invest in the stock market. You can do this by first starting with your company 401k or setting up an IRA if your company does not have one. There are also several apps that makes it simple for you to invest
- Start a business and look for ways to create more streams of income
- Invest in your business systems, tools etc
Here is a quick recap of what you should NOT do:
- Go on a shopping spree and put yourself in more debt
- Upgrade your house or car as that will increase your ongoing and maintenance expense
- Have a YOLO syndrom (You Only Live Once), yes I know it’s easy to get carried away but retirement is real and so you don’t want to be old, homeless, hungry, broke, no health insurance and miserable
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