There is one all-encompassing way to make money without working in the conventional sense, and that is to save and curtail what you spend. All the while keeping track of where your investments are and shuffling them around when the market dictates you should.
This method is referred to as making your money work for you, and the Oxford Club is great at articulating that method. They don’t “dumb it down” per se, instead they put it in language we can all understand. It is all effective and practical financial advice that anyone can do regardless of their financial standing.
For instance, if you are deep into the financial world with various investments, you may pay someone, or a few people, to keep track of the details. Keep a close eye on how much you pay them, what the industry standard is for those services and whether you are getting a good enough return on your investments to justify paying someone else to take care of the details for you.
This may be common sense for some, but for others it sounds like rocket science. They are so into the game where money is flying around this way and that, they lose sight of the fact that their money is too. It doesn’t have to be. No one needs to be so active all the time to where they lose sight of where their money is and what it’s doing.
Slowing your activities does not equate to making less money. It allows you to make better decisions as you know better what it is doing at all times.
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