This is not a title to attract your attention. It’s a confession.

Actually I remember borrowing money just once when I was a student. And it wasn’t because I really needed it: I just wanted to see what is it to borrow money, because everyone else was doing it. So far I was only lending to friends.

Photo by [s e l v i n] at Flickr

I haven’t been a rich kid, neither I had any ideas of money management. I just never think about borrowing as an option. I know if I don’t have the money for something, I just can’t afford it and that’s all.

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People happily borrow to buy a car, house, new TV or to go on vacation. At the same time most of us feel unsure to borrow money for investing or building a business because it’s so much riskier. At least that’s what we usually think.

But how exactly do you secure your money when buying a car? Sure, the car may improve your lifestyle, but it is not an asset. You don’t make money from it. Instead, it costs you extra money for support and fuel.

Photo by
liewcf at Flickr

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How often the lack of money stops you from doing things you love or dream? My bet is, for most people this will happen for at least 50% of the times when they don’t follow their dreams. There are many ways to solve this problem and raise money for your dreams or just for investing.

Photo by Austin Kleon at Flickr

Saving may sound boring but most secure things do sound that. Saving is a straight, fool proof and efficient method to raise money for investing.

Usually the investors do not feel very attracted to saving, because of the following reasons:

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How much do you spend now on investing? 10% of your income? 20%? 70%? Don’t worry if it is not too much. The less you spend now, the more you can improve. You can invest even 1000% of your income in a given period of time.

Photo by
iirraa at Flickr

We all have hidden assets

Our wealth is not a constant value and it is not limited to any fixed limits. Your ability to earn, save and obtain money are very flexible even if you work for a fixed salary.

Some of the hidden assets you have are actually pretty obvious:

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I’ve been thinking about moving away from the big city for years and now we are starting some action. We are currently living in a city with around 3 million population which is the biggest in our country. Our plan is to relocate to a small satellite town about 40km away. Why are we doing this and how useful can such move be for you?

Photo by shareski at Flickr

Financial Benefits Of Moving Away

Probably one of the main reasons to consider moving away are the possible financial benefits by it. Most people would agree that living in small town can be cheaper but the idea is quite vague. Let’s try to break down the benefits:

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If you browse the blogosphere regularly you probably read a lot of advice on frugality and plenty “green” stuff about keeping the environment. As I’ve read many of those posts I’ve noticed both areas can fit quite well together. You can take care of your wallet by being frugal and making good investments, while at the same time eating and living healthy and finally helping the nature.

Photo by chrisjohnbeckett at Flickr

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Why do most personal finance bloggers write about saving small amounts of money?

Maybe because they have nothing else to say? Not exactly. Most people probably talk about saving few bucks in the grocery store because that’s all they do for improving their finance. It doesn’t take much effort - buy brown rice instead of white, buy from Costco, carpool to save gas, buy used stuff and save $5. Tremendous.

Photo by Daniel Y. Go at Flickr

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If you are not willing to get rich quick through hard work or don’t have the luck and chance to do it in the other ways, don’t worry. There are still few options left. Do you want a less risky one this time? OK, use other people’s money.

The Summary

Conventional investing and business rare make people rich unless they have large startup capital. If you earn 10% yearly profit on your $50k savings, it’s going to take a lot of time before you become rich. But if you can earn only 1% of 50 millions you will be rich right now.

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A couple of months ago in a guest post for Cash Money Life I spoke about investing in yourself as your best asset (in agreement to Patrick). If you have not realized yet that you are your greatest asset and are still hunting for the big money in forex, maybe you’ll prefer to skip reading further.

Photo by Melody Campbell at Flickr

If you are still here, you may want to dig further what investing in yourself is all about. While seen in general it all comes to personal development, let’s distinguish a few main directions.

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The first way to get rich quick hides significant risks and requires hard work. The second way reduces the hard work in exchange to even higher risk. The third way we are going to discuss now. It is flexible enough and lets you trade risk for hard work or money for risk.

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