How to Channel the Velocity of Money: And Take Control of Your Financial Outlook: Financial Freedom, #153
By Joshua King
()
About this ebook
How do rich people get and stay rich? They always keep their money moving in the direction of growth.
The velocity of money is how fast you can get your money from one investment into another.
However, the rub is that you must keep your first investment, as it still produces income.
Once you understand the velocity of money, you can see a path to obtaining fresh money while keeping your old investments.
Conquering this technique will make your family rich. Good Luck!
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How to Channel the Velocity of Money - Joshua King
Table of Contents
MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF
How to Channel the Velocity of Money
All Right Reserved Military Family Investing | 01 How to Channel the Velocity of Money
02 Getting Started with High-Yield Savings Accounts
03 The Velocity of Money
04 Unfair Advantage
05 The Magic of Leverage
06 From Dirt to Dividends: Gardening & Preferred Shares
07 How to Create, Buy, and Build Assets
08 Time is Money #3: Investing
09 Become Debt-Free & Stress-Free
10 The Magic of Income Investing 2
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MILITARY FAMILY INVESTING
Joshua King
Home of the Free PDF
www.militaryfamilyinvesting.com
How to Channel the Velocity of Money
And Take Control of Your Financial Outlook
01 How to Channel the Velocity of Money
02 Getting Started with High-Yield Savings Accounts
03 The Velocity of Money
04 Unfair Advantage
05 The Magic of Leverage
06 From Dirt to Dividends: Gardening & Preferred Shares
07 How to Create, Buy, and Build Assets
08 Time is Money #3: Investing
09 Become Debt-Free & Stress-Free
10 The Magic of Income Investing 2
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
All Right Reserved Military Family Investing
01 How to Channel the Velocity of Money
How do rich people get rich and stay rich? They always keep their money moving in new and unique directions.
When we lack financial education, we think that saving money (even in a high-yield savings account) is the terminal location of our monetary needs.
However, we need to use our money to create money continually. Instead, we exchange our time for money, which is a long-term losing proposition.
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The velocity of money. The velocity of money is how fast you can get your money back from one investment to fund another. However, you keep the original investment, which continues to pay you.
I learned about the velocity of money by reading Robert Kiyosaki's books. To me, he is not even an author but an institution.
The concept is simple on the surface but deep and satisfying in execution. Very few people can process the inner workings of creating infinite returns and leveraging the velocity of money.
Let’s go through three examples of the velocity of money: small, medium, and large. You can use leverage to maximize your speeds, but it’s unnecessary. Life is about making the right choices for your risk tolerance.
How Much is in Your Emergency Fund?
A small example of the velocity of money. I discussed starting a garden to fund your income-investing portfolio in my Dirt to Dividends series.
Let’s say you make $25 weekly selling tomatoes at your local farmer’s market. With this $25, you purchase a closed-end fund that yields 10% and pays monthly.
After ten years