“If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money” is one of Ray Dalio’s quotes. It perfectly captures the essence of the first two steps to achieving financial freedom: making money and then saving it.
If you have read my detailed article on financial freedom, you already know that to become financially free, you must first find or develop an active income source. Then, you must save the money you earn until it reaches a level that allows you to invest and generate even more income from your savings. Essentially, you make money, and then you let your money make more money for you. If you haven’t read that article yet, I highly recommend doing so. It provides a clear roadmap for the next several decades of your life if you aim to achieve financial freedom: Achieving Financial Freedom: A Step-by-Step Guide to Building Passive Income
What Ray Dalio says makes perfect sense. To make money, you must work aggressively. You must sacrifice many momentary joys and pleasures to make time for work and earning. Those who have achieved financial freedom and wealth have all followed this path. When others were partying, going out, traveling, dating, playing, watching TV, sleeping, and doing similar things, these people were working hard to earn and save the extra money they needed to invest, expand their businesses, or establish another income source. If they are now enjoying financial freedom and wealth, it’s because they were aggressive, serious, and strong enough to make these sacrifices.
However, being aggressive is not the end of the story. The wealthy have also been defensive. This means they’ve been able to protect the money they make, allowing them to save and grow it to the point where they can invest and establish new income sources, preferably passive income. This is another key difference between those who achieve financial freedom and wealth and others. Many people, even if they make money, waste it on unnecessary things. They buy liabilities that are nothing but expenses and a drain on their time and money. They are not defensive enough against the temptation to acquire liabilities like luxury cars, expensive watches, shoes, clothes, electronics, and so on. They are easily defeated by their desires and become slaves to them.
The wealthy, on the other hand, are smarter, more aware, and more alert. They take a proper defensive stance against these kinds of desires and do not waste their money on frivolous things. This allows them to save their money and use it to generate new sources of passive income, as I have explained in detail in my article.
Are You Aggressive Enough to Make Money?
Even if you can set aside a little time every day to make a small amount of money that you can save each month, before long, you will have enough for a down payment on a small house or apartment. You can buy and rent it out to create a source of passive income.
Join LuckScout and start making money. While it may not currently generate thousands of dollars for members, it is far better than the scams out there that require you to pay membership and upgrade fees, invest, refer, recruit, and generate sales just to make money. At least LuckScout is free and risk-free, without the need for any of those things. It’s for everyone, regardless of their knowledge or skill level. Most importantly, we work hard to increase our members’ income because we follow the same financial freedom strategy for the LuckScout community, aiming to boost both active and passive income for our members.
Are You Defensive Enough to Save Money?
If you haven’t developed the habit of saving money yet, you still can. You can even reduce many of your expenses to save more: Financial Leakages: How Much Money Do You Waste?
You must start saving money, even if it’s only a small amount each month. Don’t think, “Saving $50 a month is nothing; I’ll wait until I can save $5,000 per month.” This mindset is wrong. If you think this way, you won’t save money even if you make $5 million a month. Saving money is a habit and a discipline. That’s why Ray Dalio emphasizes the need to be defensive, as if you were in a war. You must be able to attack (make money) and defend (save money) at the same time. For you, making and saving money should be as serious and important as a war is for a country. You need to develop the discipline to do both.
Start now. Even if you make as little as $10 through your LuckScout business, save it, and work harder to increase your earnings each month. You can always make time if you truly want to. Remember, you must sacrifice a few unimportant things to make time for what really matters. Start now…
We achieve our goals, not immediately, but slowly and surely!
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More about this revolutionary system:
- LuckScout in Simple Words
- What LuckScout Is NOT
- LuckScout Is Created Based on Love❤️
- How Does LuckScout Work?
- Why Is LuckScout Innovative, Revolutionary and Unique?
- LuckScout Is a Strong Community to Make Everyone Strong
- The Safest and Best Way to Achieve Financial Freedom
- A Great Way to Achieve Financial Freedom
- LuckScout Looks Simple, But It Is the Most Advanced System Ever
- The Modern Form of Affiliate System
- How to Make Money Online No Experience No Investment No Scam
- How Long Does It Take to Succeed?!!
- Make Money While You Sleep😴
- A Simple Success Formula that Works Like a Charm
- Fresh Insights Into Luckscout
- How The LuckScout Marketplace Benefits Our Members
- LuckScout Infinite Credit Scheme
- Do I Need a Laptop?
- Answering Some Questions About LuckScout
- Luckscout Is About Making a Fortune for You
- New Sources of Income
- Things You Didn’t Know About LuckScout
- Achieving Financial Freedom
And please see these pages too:
- Make Money with LuckScout
- Your Points
- FAQs
- Become an Independent Self-Sufficient Wealth-Builder for Free and Risk-Free
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