Lost or Missing Money – 3 Ways to Make Stacks of Money
Lost , Unclaimed or Missing Money is all about the opportunity you miss by “making money work as hard as you work for it”. Money is lost or go missing forever the moment it leaves your hand. Truly, the essence of money not only lies with how you earn it but also what you could have done so that the residue of it remains with you forever. Multiplying your money over and over again is an art and even a small contribution to it makes a huge difference. Ignore it and you would lose the charm of understanding the real value of the missing money or lost money. The respect and attention you give to money gets reciprocated in form of your own bank balance. Money do attract money and in case you have still not mastered this art than you need to start right away. Money Found is the Money made in true sense.
Let’s start with basic thing, How you think you make money
1) Through your job
2) Through your business
3) Any other form that involves hard work.
That is a primary way. Do you know that you can also make money
1) By negotiating the price of any item you intend to buy
2) By compounding
3) By delaying the payment.
Yes, the tactics are so simple and if implementing in a simple manner act as free money which you would have ideally lost or had gone missing.
Negotiating the price of what you buy
1) The seller tells you the item is of $100
2) You negotiate and bring it down to $80
3) You Earned $20
Yes, your negotiating skill made you earn $20 which you would have otherwise lost. Remember the seller is much willing to make a sell than you are willing to buy it.
Start negotiating on Price.
By Compounding- Money remain idle in your bank, pockets or at home. Do you realize it’s potential? Compounding is a magic. It makes money work as hard as you work for it
1) Invest in $100 every month at 10% and it becomes $24,000 in 10 years (compounded annually)
2) The investment in property (good location) can make you money appreciate
3) The investment in blue chip stocks for long time can make your money appreciate
Compounding has magic. Though it varies between risk and reward but if handled carefully it can do wonders. Weigh your risk and invest. Don’t lose opportunities.
By Delaying Payment- Do you owe money to banks, credit card or people.
So how you handle such situations
1) Do you pay at the first date
2) Do you prefer not to remain in debt
3) Do you think keeping someone money is vice
Well, try different approach. Delay the payment till the day you can afford to. Never rush in paying back. Delay the payment till the time you don’t get fined. Why?
Because
1) The moment money leaves your hand it cannot work for you
2) If it stays in Bank it earns interest for you
3) If it is already invested it continue to work till you take it out
But if you make the payment to lender on the very first day, the money stops working for you at that very moment.
Delay Payments till the time you can afford and not get fined.
It is important to understand that you don’t make money by earning it but also by saving it. To know real value of money you need to understand its intricacies. It is not a rocket science but something everyone can understand. Take small steps and soon you would see the real taste of it. Money Lost or gone missing is because of you and not because of someone else fault.
Respect Money. Make it Work Hard for you.
Photo Credit-nathangibbs
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This is a smart post of yours. The idea you presented here is very simple to follow. I personally love the negotiating part, it’s a huge money saver. :-)
Thanks Walter. The idea is not only to work hard to make money but work equally hard to preserve it. People who have not respected money have never gone too far.