All sounds good in principle. But let’s take a reality check. Starting with even £100 is great and everyone needs to (should) start somewhere. However, a £100 investment is never going to create ‘Lambo’ money! If you have seen Instagram influencers promising unrealistic returns by following their programme, then this is usually a scam. These schemes do actually create a passive income, just not for you! It’s for the ‘influencer’.
At Eat Sleep Money we don’t promise ‘Get Rich Quick’ schemes or sell sketchy investment schemes. Our aim is to help you build a solid financial platform to grow your future wealth from. To inspire you to take action. Knowledge when applied is actions. And action is power. Getting financially educated and taking action is priceless.
So, be realistic with your expectations but do absolutely take action. Most importantly, take action today. The power of compounding grows stronger over time. The earlier you can start, the greater your long term rewards and the more your investments weather the inevitable storm.
Today it may be £100. In a year’s time, it could be £250. In ten year’s time, it could be £5,000. All without lifting a finger.
What’s important is that you start. And you start now, with whatever you have.
Robert Kiyosaki, in his book ‘Rich Dad, Poor Dad‘, describes each dollar (ie, pound) as an employee. By investing each employee, you put them to work and eventually those workers will bring back more workers. Those new workers and your existing workers will combine and continue to find more workers. Eventually, you’ll have an army of workers all building you a better financial future. As they say ‘money makes money’.