It Takes Money To Make Money ... But Who Said It Has To Be My Money?!?
H.J. Chammas, 4X Best-Selling Author I Publisher
Helping Entrepreneurs and Coaches Publish Their Bestselling Books and Become the Authority in their Field So That They Monetize Their Services
Indeed, it takes money to make money, but who said it has to be your money? In an earlier article, I have shared one of the best lessons my mentor, Papa Joe, ever taught me: “The road to wealth is good debt”. Check out this article, it has explained in depth the principles of borrowing and leverage to create wealth.
The reality is a large amount of money is required for investment in assets such as rental properties. Most of us do limit our own selves with thoughts such as: "I can never save that amount of money!" ... So, we end up spending our hard-earned money on discretionary expenses.
It is only through the wise use of good debt that returns can reach high double digits. In the best scenario—when you don’t use a single dollar from your own money to purchase income-producing assets—your returns can be infinite.
I invite you to transform this limiting belief into an empowering one - Indeed, it takes money to make money, but who said it has to be my money?
With this kind of thought, you will use good debt to purchase income-producing assets and embark on the road to wealth. You shall begin managing your expenses to save money and eventually invest it and use leverage to accelerate your returns on investment.