Don’t work for money—let money work for you. (2024)

FAQs

Don’t work for money—let money work for you.? ›

Don't work for the money let the money work for you.

Don't work for the money let the money work for you.

Remove your fear of not having money. Tell yourself that if you work to make more money, you will never be rich. Instead, you will work long hours for low pay and be stressed and unhappy. Remind yourself of this, and force your mind not to be fearful about not having money.

'The rich don't work for money': Robert Kiyosaki warns that our wealth is 'designed to be stolen' by taxes and inflation — says the rich save these 3 'real' assets for protection. Most people work for their money. After all, we have bills to pay.

Instead, most people who achieve wealth, also put their money to work for them — whether they're working a job or not. Putting your money to work for you means deploying it to earn a return. That could mean investing in the popular sense of the word — like in the stock market, in crypto, or a retirement plan.

The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.

1. “Money is a terrible master but an excellent servant.” Phineas Taylor Barnum—American author, publisher, philanthropist, politician, and co-founder of Barnum & Bailey Circus—was renowned for being a showman who knew how to make a buck, which is how he became one of America's first millionaires.

Working for money = trading time for money. It is active income. If you don't work you don't earn an income. Letting money work for you = passive income.

In a Nutshell. Start making your money work for you by narrowing down your long-term financial goals and then creating an ironclad budget. Next, you'll want to explore ways to increase your income, such as starting a side job or investing in stocks. You can also focus on saving money and investing for the long term.

What is lazy wealth? ›

One of the most common examples of lazy money is cash that's sitting in a low-interest savings account, earning minimal interest. It may not seem like a big deal, and you might even feel you're being “safe” by having that extra cushion, but lazy money can hurt you financially, limiting your ability to grow your wealth.

Very simply, the rich don't work for money, they make money work for them. Working to add more assets is much different than working for a paycheck. For instance, adding assets doesn't require working longer or harder. In fact, the higher your financial IQ, the less you have to work to acquire high-quality assets.

Money Expert Robert Kiyosaki Says You Shouldn't Work for Money — Work for This Instead.

Finding a balance is key

There is an old adage that says, "Love doesn't pay the bills." Regardless, it isn't healthy to pursue financial success at the expense of your own happiness, either. Many mental health experts advise people to find a way to balance their career goals with their relationship goals.

There is no universal answer to whether salary is more important than passion. Your decision should be based on your individual circ*mstances, values, and goals. It's important to strike a balance that aligns with your overall well-being and allows you to lead a fulfilling life.

No, you should not. Of course, money is needed to buy basic needs and survive but if your mindset is programmed to keep working for money, you will stay poor forever. A lot of people despite having a high paying job but they still struggle financially because they have low financial IQ.

"Follow the money" is a catchphrase popularized by the 1976 docudrama film All the President's Men, which suggests political corruption can be brought to light by examining money transfers between parties.

Making your money work for you means taking advantage of the opportunities available for your money to grow and help you meet your financial goals. You can pay off your high-interest debt to have extra funds for things like starting a business, buying a home, or taking a vacation.

Any person ... will reflect, that money is only valuable while in circulation, [and] any device which will keep the government revenues, in constant circulation, instead of being locked up in idleness, is no inconsiderable advantage.

10. "If money go before, all ways do lie open." Although Shakespeare's work shows nothing if not that money complicates things, he did not miss the fact that money can make life much easier, greasing wheels, buying respect, and providing opportunity.