income - Read Within

July 11, 2024July 11, 2024

Is it true that money attracts more money?

Money is a topic that evokes strong emotions and opinions from people all over the world. Some believe that money attracts more money, while others argue that financial success is not solely dependent on one’s initial wealth. So, is it true that money attracts more money?

There are a few different perspectives to consider when addressing this question. On one hand, its true that having money can provide individuals with more opportunities to invest and grow their wealth. For example, someone with a sizable amount of savings can choose to invest in stocks, real estate, or other ventures that have the potential to generate more money over time.

Additionally, having money can also afford individuals access to resources and connections that can further advance their financial success. Wealthy individuals may have access to financial advisors, mentors, and networking opportunities. This can help them make informed decisions about how to grow their wealth.

On the other hand

It is important to recognize that financial success is not solely dependent on one’s initial wealth. There are many examples of individuals who started with very little money and go on to achieve great financial success. Through hard work, dedication, and smart decision-making.

Furthermore, the idea that money attracts more money can perpetuate the notion that those who are already wealthy are more deserving of financial success. This can be harmful as it may discourage individuals from less privileged backgrounds from pursuing their own financial goals.

In the end, while having money can certainly provide individuals with more opportunities to grow their wealth, it is not the only factor that determines financial success. Hard work, determination, and smart decision-making are all key components of achieving financial success, regardless of one’s initial financial status.

So, is it true that money attracts more money? While having money can certainly provide individuals with more opportunities for financial growth, it is not the only factor that determines one’s financial success. Hard work, determination, and smart decision-making are all essential components of achieving financial success, regardless of one’s initial wealth.

How to make your money work for you?

January 18, 2023October 30, 2023

Which is better: active money or passive money

The income which you earn by actively working at your job or through your business is known as the active income or active money. It requires your active participation in order to get paid on monthly, daily or hourly basis. The amount of money you earn in active income is directly proportional to the amount of time and energy you put in your work.

Passive income or passive money is what you earn without actively working. It does not require your constant time and attention. You can earn by putting in limited time and energy. You may not be able to earn too much through passive income initially but if you work smartly and with proper strategy then passive money can be very beneficial.

In general, any kind of income is good because it helps you pay for all the necessities of life. It helps you buy food, pay bills, to have roof on your head and much more. Majority of population earn active money and only some percentage of people are earning through passive income. That is because the active money is a safer choice compared to passive money. Passive income take time to take off and you have to smartly choose your medium of earning passive money.

Even though active money is a safer choice the passive money allows you to earn with minimum effort. It also gives you the control of your time if done correctly. With proper planning and wise investments passive income will help you earn more than you could have earned through active income.

5 Best ways to earn money passively

Reasons to go for passive money

It makes you the owner of your time and you don’t have to rely on someone else to give you the day off.
It makes you financially independent. You will not have to constantly worry about your job and money.
Passive income allows you to earn money from the comfort of your home.
It will help you become more knowledgeable about the economics and investment.
It helps you become more creative with your time and money.

There are many more reasons to choose passive money. If you are not doing anything that will help you earn passive money then start it now. You don’t have to leave your active source of income in order to earn passive money. You can do it alongside your job and as you will start earning you can then decide which source of income is better for you. Good luck with your expedition.

8 benefits of passive income

September 10, 2022October 30, 2023

What’s better: One source of income or several

Getting a job where one can earn sufficient amount of money, so that he/she doesn’t need to look for another source of income, is really a blessing. Often times we do not get the desired job or the pay is not what we expected. Whenever such happens, we start looking for either another job or for other sources which can helps us earn little more money. Doing multiple jobs or starting a small business alongside job has become so common that if someone is not doing it we think of that person as naive or ignorant.

We often associate this thing, of having multiple sources of income, with rich people and businessmen. Therefore, today almost everyone is thinking of having several ways with which he/she can make money. But, is it actually better to have different sources of income or just one good source is enough. Argument can be made from both sides but is it possible to give definite answer to prove which is better approach.

If someone is earning good amount from his job or business should he try to earn more from multiple sources; and if someone is earning from various methods should he try to find one source to make things simple for him. In my opinion it all depends on each and every individual person. Some person thrives with multiple tasks while some perform better with all their energy of one thing. There can no answer be given with full certainty that one is better than the other.

Which is better option to choose?

So, what should you choose between these two options. In my opinion you should go for one source which will enable you to be independent financially. After that you can choose to look out for other options to make more money. Don’t start your journey with the mindset of having several ways to make money. Always give your energy and time to one particular thing initially and then when that thing become successful only then divert your focus to other things.

Having multiple sources of income is definitely a thing to be proud of but you have to be aware about what is your main source of income among them and what do you want to be your bigger source. Keeping these things in mind plan your actions and don’t get too stressed while doing it. Try to keep things as simple as possible. Start with one and then explore more.

Hope this article is helpful to you and you succeed in your ventures. Do checkout other posts related to similar and different topics. Also, share this post with your friends, greatly appreciate your support.