When it comes to becoming financially free, it does not matter whether you start a business or invest in the existing companies. It does not matter because they both solve the exact purpose of getting closer or to never working for somebody ever again. Almost everyone dreams about starting a business at some point in life. However, only a tiny percentage of people take a first step to create a one.
On the other hand, many people have zero ideas that the stock market exists. It is one of the reasons people think that it is not easy to make money. However, we can blame the education system because it only teaches people how to become employees. As I stated in my other articles, there is nothing wrong with being an employee. However, thinking like one is what is keeping you from becoming wealthy.
Back at the Metropolitan State University of Denver, my teachers will teach us how the economy works. Still, they teach in a way that makes it sound like few people were born to be wealthy and others were born to be employees. They make it sound like it is almost impossible to go from broke to rich. I'm not too fond of the idea of being an employee with no plan B in place. I believe that regular jobs put a cap on your earnings and take away your freedom because if you do get that bi-weekly paycheck, how would you pay your bills. There are two proven things that you can choose from and work your way to the financial freedom. You can either start a business or invest in the existing project.
Business
Starting a business could be one of the hardest things to do because it takes a real man to do it. According to the United States Bureau of labor statistics, 20% of small businesses fail within their first year. By the end of the 5th year, 50% fail or flatted. Then by the 10th year, 10% of those businesses survive.
Starting a business is not an easy task. The hardest thing about starting a business is raising enough money to put the right team together. It takes an obvious business idea to have your first investor other than family members and other people who feel like they must support you no matter what. To have a successful business, you must make sure you solve a problem. Money will come to you if your business is an answer to the problem of sociality might have. If we are being realistic, business is not for everyone. Those who do not want to have a hectic of running a business can invest in the existing stable companies that have been in the game for a while.
Investing
The New York Stock exchange has been around since May 17, 1792. But surprisingly, most people don't know about it. A big chunk of those who understand that the stock market exists believe that only wall street financial gurus are the only ones who can make money in the stock market. However, trading stocks is not as complicated as people think. All you need is a phone, internet, and brokerage account. Many great brokerages can make it easy for you, especially for beginners. So, make sure to check out the links at the bottom of this article and claim free stocks and bitcoin.
There are different kinds of investments and investing strategies. So, make sure to check our other articles to learn more about Investing. The most popular assets are Real Estate, the stock market, the cryptocurrency market, and more. This investment does not require a lot of money to start.
It is argued that the stock market is the most direct investment to start because it does not require much. However, some people do not like how fluctuated the stock market is.
Start a real estate investment if the stock market is not appealing to you. The real estate business is slow but easy to get in but hard to maintain. You can start with as little as one dollar in the stock or cryptocurrency market. However, many programs can help you start with zero dollars down payment, especially for first-time homebuyers.
Conclusion
To be clear, there is no right or wrong way to become financially free. However, starting a business or investing in the stock or cryptocurrency markets is the fastest way to be wealthy.
Remember, whether you are going to start a business or start investing, do thorough due diligence because you do not want to put your money in the wrong investment vehicle and lose it all.
As I am wrapping up this article, I want to ask you, do you want to die poor, middle class, or do you want to make life-changing money to support your family for generations to come. Let me know in the comments below.
Feel Free to use the links below and get free stocks and bitcoin.
Join Robinhood with my link and we'll both get a free stock https://join.robinhood.com/siliveb
Sign up for Coinbase using my link and we can each get $10 in Bitcoin https://www.coinbase.com/join/bakome_8?src=ios-link
Use my referral link https://crypto.com/app/nnh5tuxpuk to sign up for Crypto.com and we both get $25 USD :)
I'm using Acorns and I love how easy it is to save and invest for my future. Join me and you'll get a free $5 investment! https://share.acorns.com/Silivere?
Comments