Invest, Invest, Invest!
Another method to effectively manage money is to invest in progressive and productive endeavors which could be other sources of income.
Instead of just allowing the savings to rest in a bank and earn a small amount of interest per year, it would be wise to allocate some of the money and other resources into a business.
Of course, it may prove unproductive and detrimental, but the allowance of such resources to different paths of productivity would widen the scope in which a person could determine and discover the best way to manage and have more money to alleviate the status in society.
Investing does not only mean having to go into a business venture but also in being able to become a stockholder, no matter how small into an existing business.
Being a stockholder and becoming a part owner of a running business puts the self into a profit-oriented state by having a percentage of the earnings that the said business generates. Nevertheless, the risk of losing the capital used for this investment is as great as having a self- owned one.
