Your money is an asset and it should work hard for you in the same way you work hard to earn it. That might sound very general, so to break down the goal of what you are trying to achieve, here are three components to consider when putting your money to work in any investment:
• Try to get as much money as you can to work as fast as possible
• Earn the highest rate you can on your funds
• Understand and avoid the costs associated with your funds such as fees and interest costs.
REVERSING THE CYCLE
One of the many benefits of having money is that others will pay you for the use of it. In the same way you pay financial institutions for the credit they provide to you. This benefit is called interest and it is how they make money by providing you with the use of their money at a higher rate than what they are paying for it....More