There are millions of articles and videos on the internet that explain how to grow your money. All of them are based on the same basics and foundations and are accessible to everyone for free. However, the question is, why can’t most people do it? Why can’t everyone grow their money to become rich or at least financially free?
The first and most important reason is that, in order to grow your money, you must first be able to make enough money to cover your expenses and have some extra money that you can grow. If we want to follow Warren Buffett’s advice in doing this, we must say that you must make enough money to be able to save a reasonable amount of money first and then use the rest to cover your expenses because, as Warren Buffett says,
Do not save what is left after spending; instead spend what is left after saving.
So, the first step to growing your money is to make a reasonable amount of money, which is something most people struggle with. How can you grow your money when there’s no money left for you every month? You have to make a lot of money, or at least a reasonable amount of money. Here’s where most people either get scammed or come to a halt. They want to make money, which is good, but scammers use this as an opportunity to deceive them. For example, they say, “Join and buy some investment packages, and we will pay you this and that amount of profit/reward every month, and after a while, your money will be doubled, tripled, and so on. You can also refer others, and if you do, you will be compensated even more.”
Those who are good networkers sometimes make a lot of money in these schemes because they can refer thousands and receive lots of commissions. But most people cannot do this, and the only way they have to make money in these schemes is to invest their hard-earned money. The problem is that these schemes are usually Ponzi schemes, and there are many of them everywhere, with new ones emerging all the time. They eventually stop paying people and disappear. As a result, most people lose money, and only a few make any profit.
There are some other ways to make a good amount of money, which I have explained in more detail here: The Safest and Best Way to Achieve Financial Freedom
However, the majority of people cannot follow these alternative paths either.
At LuckScout, for about a year, we have created a system that enables everyone to make money without having to pay or invest anything, refer, recruit, or generate sales. It hasn’t made anyone rich or financially free yet. However, I am confident it will, and we will work hard to achieve this goal for our members. The program is new, but it will grow faster over time. We are adding more products and will continue to introduce new products and projects to increase our community’s income. We have launched our physical gold marketplace. We just added 1g, 2.5g, and 50g gold bars as well. Please take a look:
- Gold Bars
– 1g
– 2.5g
– 5g
– 10g
– 20g
– 1oz
– 50g
.
- Gold Rounds
– 5g
– 10g
– 20g
– 30g
. - Gold Hearts
– Small 20mm 6.8g
– Medium 31mm 15.7g
– Large 38mm 23.5g
This is just the beginning. More projects will come that won’t require our members to spend, invest, or risk any money, but will yield profits for them over time. Bigger projects are on the way. We have just started.
Now, let’s revisit the title of this post: How can you grow your money?
As I explained, you must first make a reasonable amount of money, and then, as Warren Buffett says, you must save a reasonable amount. We are helping our members make money, and hopefully, their income will continue to grow, enabling them to save money regularly. However, is saving money enough?
No! In fact, saving money now is a big mistake because inflation is increasing rapidly, and when you save your money, it loses its purchasing power over time. To understand how severe this situation is, please refer to this post: How Much Is the Real Inflation? 7% or 75%?
So, what is the solution?
Real estate is one of the best solutions for growing your money in the long term. You must be able to find strong real estate markets and invest in them. It can even generate passive income for you because you can rent out your properties, and it will also grow your money because, if you choose a thriving and robust real estate market, the property prices will keep appreciating. However, there is another significant challenge here: Real estate investment requires a substantial amount of money.
You cannot start investing in the real estate market with just $100 or $200 per month. You must have a significant amount of money to cover a reasonable down payment and a good credit score to be approved by a bank for a mortgage. Then, you must have a cash flow to cover the mortgage, property tax, and other expenses. Renting out your property can help, but sometimes the rent you receive may not be sufficient to cover all the expenses. You must be able to hold onto your property for several years to make a reasonable profit when selling it, and during these years, you must be able to cover the ongoing expenses and costs.
Therefore, while real estate is a great option for growing your money, it is not for everyone, and most people cannot pursue it.
So, what is the solution then?
We have launched our gold projects for two reasons. First, to increase our members’ income, and second, to enable our members to invest in physical gold, if they want. Maybe gold is not as robust as real estate, but the good thing with gold is that you can invest with a small amount of money every month consistently. Everyone can buy and save a 1g, 2.5g, or 5g gold bar every month. I don’t guarantee anything, but the price of gold also tends to rise in the long term, and it has already started increasing faster due to the recent crisis. If you buy one gram of gold every month, you will have 12 grams of gold after a year, and if you buy 5 grams of gold every month, you will have 60 grams of gold after a year. Even if its price doesn’t increase, at least it protects your money’s purchasing power against inflation: The Benefits of Turning Savings into Gold Instead of Keeping Cash in the Bank
This is not investment advice, and I am not recommending you to buy gold. I am just addressing the question of “how to grow your money,” which is the title of this post. If you’d like to safeguard at least a portion of the money you earn and hopefully see it grow over time, gold is a good choice. It’s now a service we strongly offer on our website, and I can assure you that no one will be able to compete with us in this regard. Please read this carefully to learn how our gold project works: LuckScout.com/gold
Thanks you, and I love you all! 👋🙂❤️🌺🌹
