Putting Your Money to Work for You on Your Way to Building Wealth

By Michael Ager

A simple guide to introduce financial terms and strategies to build wealth. In this book you will learn about savings, building and maintaining credit, budgeting, and investment strategies. This book was written for people who want to become more familiar with financial dialogue, and who wish to use their income to generate more wealth. No matter your age or economic status, having a generalized knowledge of finance can be one of the best things in your life to secure your financial future, and keeping this book around to reflect and refer to will pay huge dividends if you use the strategies outlined. Working towards your financial goals is similar to hard work at your job, or physical work on your body, it requires a constant regimen to produce the results you are looking for-- Putting Your Money To Work For You is a great way to start!

• Language: English
• Publisher: Michael Ager
• Release date: Jan 15, 2016
• ISBN: 9781311149770

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Copyright © 2015 by Michael Ager

Putting Your Money to Work for You on Your Way to Building Wealth

by Michael Ager

All rights reserved solely by the author. The author guarantees all contents are original and do not infringe upon the legal rights of any other person or work. No part of this publication may be reproduced or transmitted in any form or by any means without written permission by the author.

Table of Contents

Introduction

Saving

Credit

Budgeting

Investing

TAX FREE MILLIONAIRE

Financial IQ

Introduction

Money is any item or verifiable record that is generally accepted as payment for goods and services, and repayment of debts in a particular country or socio-economic context. It is called many things: cash, bread, Benjamins, cheddar, dough, dead presidents, clams, scratch, loot, paper, skrilla, stacks, and many more. Money is a tool, which when used the right way, generations of your family can thrive. However, it can just as easily ruin lives if not managed wisely. Money can be the driving force behind love, providing for your family, pampering yourself, and the freedom to do things in life such as purchasing a home, traveling the world, tithing, donating to charities, opening or investing in a business. An unhealthy attitude toward money is also responsible for jealousy, hate, negative stress, breaking up families, friends, homes, and even war.

Paper bills were first used as currency by the Chinese, who started carrying folded money during the Tang Dynasty (A.D. 618-907) — mostly in the form of privately issued bills of credit or exchange notes — and used it for more than 500 years before the practice began to catch on in Europe in the 17th century. Today it seems these pieces of paper that are 2.61 inches long, 6.14 inches wide and weigh about 1 gram, controls everything around you. If you have it, there comes a sense of power and control, and if you don’t, it may seem that life is lost. I don’t believe life was ever meant to be this way. The old cliché, The best things in life are free is the way the universe is supposed to be governed. Money, which can be exchanged for certain goods or services should be a bonus in trade, just as it was in earlier times when people traded cattle, crops, gold, and other goods in exchange for the things they needed.

I was introduced to bad money habits at an early age. I came into a family owned business making more money at age 17 than most of my high school teachers. My first mistake was thinking that money would always be there. When you’re young (and dumb), you have no concept of saving for a rainy day. Your focus is limited to the here and now, and not preparing for the future. I hadn’t developed the sense of budgeting, spending less than you earn, interest rates, and credit management. I was spending hundreds of dollars weekly on sneakers, clothing, fast food, jewelry, cars, girls, traveling, and anything else I thought was thrilling. My friends would call me and say, Let’s go out to the club! I would say, Sure! Then they would say, But, we don’t have any money. My reply would often be, I got you covered. At the time, I wasn’t aware that my friends already knew what I would say, but my money habits were