I wanted to do something a little different today, let’s start a discussion!
Here’s the scenario: You’ve got $10,000 dollars in the bank, you live an average life, you’re 25, single and you want to be financially free by 30. How do you invest that $10,000? There’s also one restriction, you can’t add any money to this through working, all you have is that $10,000.
Here’s my answer; Invest in your own business. Find something you love doing, and monetize it. Do not fear spending money to increase your reach through advertising. I would legitimately recommend spending all of that money on that one business idea, $10,000 is not a lot of money to become financially free, so risks need to be taken. Naturally, this is a very active investment from the beginning, but the goal is to transition the business into one that can be run passively, producing regular income with very little work.
What are your ideas? Comment them below, and we’ll start a neat discussion! I’m really interested in hearing you all out.
If you’re interested in starting your journey to financial independence and success, I highly recommend picking up Rich Dad Poor Dad, here’s an affiliate link to purchase it on Amazon, you would be supporting me too!
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
If you’d want to learn more about achieving goals and fighting a lack of motivation, I highly recommend Grant Cardone’s The 10X rule, please feel free to purchase it using this Amazon affiliate link in order to support me as well!
The 10X Rule: The Only Difference Between Success and Failure