All of us (one way or another) are working for money; be it for education, shelter or for food. Some decided to further study hoping for some salary increment or better jobs altogether while there are people taking part-time jobs on top of part time degree or master just to survive in this city.

Therefore, making sure your money work harder than you is important to ensure the quality of life you are going to have later on won’t be discounted as much anymore.

Hire Knowledgeable People

It is impossible for us to know everything so detail but that is what you need before investing in anything. If you are planning to invest in unit trust, property or stock market, get someone who knows the subject inside out than someone who just begging you for commissions; and learn from them.

Shop for quotations, ask silly questions & compare their feedbacks. Don’t mind so much paying them some tokens as professional fees if you think ‘they are the one’ because their input can be your ultimate determinant for success. The reason why company hiring us is because we are knowledgeable right? So don’t risk stupid people giving advice how you should invest your hard-earned money anytime future.

Don’t Use Your Money

No matter how much money you have, try not to tie it up so much with illiquid assets. I myself consider property & businesses as some of them. Which one is better: 1) you have RM10,000 cash with RM200 rental profits (rental – mortgage payment), or 2) you have RM20,000 cash with RM100 rental income?

Paying debt as fast as possible is definitely something we want but in investment world cash is king. You have full control of the cash in hand than the money you are going to get from your clients or tenants. Therefore, you can do more whenever you have more cash; buying another property, invest in stocks or just keep it for emergency. But then, the benefits you get are highly dependent on your knowledge.

Unleash Internet Power

Nowadays, you don’t need political crony for mega projects or royal celebrity to be visible. Internet made everyone has equal chance to succeed. Moreover, you can start selling products or services over the Internet without having to pay RM2k-10k in shop lot rentals or overhead cost.

Normally, all it takes is for you to prove that you deserve the credibility and worth the money; which shouldn’t be that hard if you ‘belongs’ to that industry. Another thing I like Internet so much that I can’t live without it is its ability to reach market beyond borders & the fact that it is running 24/7 by itself. It is not that difficult to get more than 1000% return from Internet business in less than a year.

Hmm, if you notice, the secret recipe of making your money work harder than you lies in the power of leverage; leverage on smart people, other people’s money & technology as a tool. Having said that, you need to figure out some money-making strategy that can deliver enough profit margin or don’t border taking the risk. As much as it can make money for you, these leverage things can work against you too!