“Money is the root of all evil!” I often hear this quoted by some of the people I talk to. Not to my surprise, people who usually quoted this are not very financially well-off. My dear friends, money in itself is not evil! The bible says the love of money is the root of all evil and not money is evil. Money in itself is immoral.
I firmly believe that money is a necessity for us to pay our bills, provide for our loved ones, blessed our parents with holidays and give to the needy. As the saying goes, the poor can’t help the poor!
I am blessed to be well-taught in my growing up years that we should not be a slave to money, meaning to say that money should not have a hold on us. We should not work for money but money should work for us!!! It’s with this conviction that I decided to start this website with my 3 other friends in the hope that we can spread financial literacy and get more people to get their money working for them instead of them slogging so hard for money.
One very good way for you to make money work for you is by investing in income stocks and you can simply collect dividends on a quarterly, semi-annually or yearly basis. I know of friends who simply live off their dividend income. They have built a portfolio of income stocks over time to an extent that their dividends income exceed their daily expenses. Is this really achievable? Yes, it can be achieved over time if you have the right investor mindset, patience and money management principles.
In today’s day and age, I think we have many wants and we want things fast. This is where delayed gratification comes into play. Do we have the ability to resist the temptation for an immediate reward and wait for a later reward. I really love Marshmallow Test video below. It pretty much sums up everything I am trying to convey here. Readers will be hearing me talk about patience all the time when it comes to your stock investment and I do hope I don’t come across as a broken radio.
If you guys are interested to find out how you can build a portfolio of income stocks for yourself, we have an upcoming workshop where we will be sharing how you can do so. To register, please use the link below.
For my earlier posts on dividends, please refer to the below 2 links.