0044: Invest Your Dollars: You'll Be Dancing On The Street, Not On A Pole!

Share:

Listens: 0

Tip Not Included

Business


Guess what's the only industry in the world - besides the restaurant industry - where people make below the minimum wage? The incarcerated! We're talking prisoners here who have steady work and no nasty customers sending back their orders.   Then why the restaurant industry? Where 40% of the employees are single Moms & Dads! There's no 401K in the restaurant industry. No IRA. Do you even know what they are? Had you had them, your money could have been invested in the market and have been given returns. You could have made a few extra thousand bucks. Legally. For doing nothing but just investing.    Take our advice and go into a brokerage house or your local bank and open up a Roth IRA which will give you tax free deductions and growth. Especially if you have young kids. You'll start saving and earning and come out with a wad of money at the end of the decade. Point is, you have to start planning ahead!  Remember that money equals freedom. Try liquidating that shoe collection. You don't have to buy Bobbie Brown. That Maybelline lipstick is good enough. You're going to kiss it goodbye anyway. Invest that money so you can dance on the street and not on a pole.   You'll feel better about controlling your destiny when you start controlling your money.   And while we're on the subject of destiny, take a lesson from those that wrote their own, by making comebacks. Henry Ford's first company went bankrupt and his second ended in disaster. Disney's first company went bankrupt too and faced some lean years before his eventual success. Sly Stallone was once homeless living on the floor at the Port Authority bus terminal and even sold his dog for a little cash to survive! And what about Oprah who was told she was unfit for television news?   They all have comeback stories. What's yours?   Contact Eric at: erictipnotincluded@gmail.com