Making Money

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The Making Money Guide: Money Making Strategies That Work

Making Money

 

Are you looking to make money and increase your income? You are not the only one these days.

Many people are trying to improve their daily finances and achieve financial freedom.

 

Definition of Money

The definition of money is pretty simple. Money as defined by Merriam-Webster is

something generally accepted as a medium of exchange, a measure of value, or a means of payment.

Money is necessary for survival.

There are two ways to acquire more money you can either:

  • reduce your expenses

or

  • increase your income

Prior to money, people used to use barter and trade to get their goods and services for survival.

We can use it for things such as food, clothing, and shelter.

Money is part of the universal value system.

Although different countries have different types of currencies and some may be worth more or less, depending on economies in those countries, money is the medium.

It is what is used to define value.

It is regulated by the banking system. If people just went out and started printing money, it would lose its value in the world.

That is why there are regulating industries that control it. Along with inflation.

Long gone are the days of trade and barter.

 


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  • Make Money With Surveys – Earn $1,000 per month – Want to make money with surveys in just 7 steps? Think you need 10 survey companies? Guess What…you don’t! This ultimate guide shows you the secrets how to maximize time and profits with just 2 survey companies.
  • Creative Ways To Make Money – If you need to put cash in your pocket, try these creative ways to make money with side jobs. Great jobs for students, stay at home moms, or anyone needing a flexible job.
  • 7 Ways To Create Long-Lasting Passive Income Streams – Do you want to start living your dream live today? Learn how to generate passive income streams with these methods. Have the expenses of your dream life covered, while being able to live it at the same time without working.

 

Looking for more ways to make money? I have a complete list at the bottom of this page


 

Why Should You Make Money?

As described above we can all agree that money is necessary for survival. On top of that, there are other things that it does.

It has other additional benefits as well. Some of those include the following:

1. Provides Security

Being able to save enough money in the bank is only possible if you are making it. However once you are able to acquire more money it will offer you security.

You will not have to worry about living paycheck to paycheck or paying for medical expenses if you get sick. You will be able to afford a comfortable lifestyle.

 

2. Opens The Door To Freedom

Being able to make enough income also opens the door to freedom.

When you have made enough, you can live where you want, take care of your needs, and go on vacation anytime you please.

You will be able to indulge in discretionary spending. Being able to become financially independent and having available resources to live on will allow you to become financially free.

 

3. Allows You To Pursue Dreams

Being able to pursue your dreams is an effect of earning a living wage. If you no longer have to work a 9-to-5 job, you will be able to pursue your interests and passions.

  • Maybe you have always had a dream to start your own business or other goals.
  • Do you want to do some volunteer work and change the lives of other people?
  • Maybe you would like to build a house.

Pursuing all of your dreams can become possible.

 

4. Avoids a Broke Retirement

One of the biggest concerns people have when thinking about retirement is

am I going to have enough income for retirement?

It’s a financial issue that does take a lot of thought and planning. People are likely to outlive their monetary resources available in retirement since people are living longer.

Earning income earlier in your life is one way to avoid being broke in retirement. By making bucks when you are younger in your life and saving it, you will be able to grow it.

You can do this through investing in mutual funds and other means which all come with varying amounts of risk.

 

5. Inflation Will Steal Your Money

Inflation is the rise on the costs of goods and services that you use everyday. Notice how that loaf of bread was .25 cheaper last week? That’s inflation.

The Federal banks regulate and try to keep inflation tame as much as they can. However, when there are wide swings in the economy you can expect the same with inflation.

That’s why it is important to constantly be working on making additional income.

Being able to stay one step ahead of inflation will help you get to financial independence quicker.

 


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