If you are worried about expenditure, you are right. Especially if you don’t have any form of investments at the moment. I would invest your savings until it grows bigger. It’s an issue of whether to eat the seed or to plant it. Even if you bought something of value for $350 and sold it for $450, you are making some profit. Consider your investment options - shares, crypto or just plain old fashioned investing like in a lemonade stand or investing in your kid’s businesses.
If your family is dependent on a sole income, without any passive income or even fixed deposits in the bank (which should be the last investment resort based on the parable of the talents), then you will remain in a never ending cycle of poverty. But once you have some form of investment, no matter how small, it is a seed and will grow so that you can be financially independent — not dependent on a sole income — and then to be fully reliant on investments and live to serve the Lord and spend time your kids. I don’t think making money should be your priority until you sacrifice everything else but making money doesn’t always require hard work rather than good decisions.
Comments