Oct 8, 2023
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Learn How To Build 8 Income Streams at https://www.8incomeStreams.co
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Here's a one minute personal finance animation which explains why one is never too old to think about money :)
If you don’t find a way to make money while you sleep, you will work until you die. ―Warren Buffet
Today’s message with my first cup of the day comes from Warren Buffet: “If you don’t find a way to make money while you sleep, you will work until you die.”
I know what you are thinking, “That is not very motivational. It is a bit depressing to think about.” The definition for the word “motivate” is, “To provide with an incentive or a reason for doing something.”
Many people live life without realizing the situation of their finances and the future outlook based on current circumstances. Buffet’s words are a wake-up call to examine one’s condition and allow that to motivate or be the reason to make a change for the better.
A person who lives paycheck to paycheck with no money left over between paydays will sadly work until the day they die or rely on assistance from others when they can no longer work. One must save, invest, and build an income stream that makes money regardless of whether you work.
Justin Bryant at Self Made Success says, “Don’t settle for trading hours for income your whole life...You can use a combination of outsourcing and passive income streams to become more like Warren and make money while you sleep.”
Now that I have you examining your current situation and what it means for your future, I’ll talk tomorrow about some income streams, traditional and non-traditional, that you can add now to reach your goals.
Remember, if you don’t find a way to make money while you sleep, you will work until you die.
Beverage Credit: A cup of weight loss coffee.
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