In this post I want to talk about importance of INVESTMENT of time and/or money in your Business which could be ecommerce website or a Blog.
There are TWO ways to increase the money that you have (in other words to increase your wealth)
1. By Adding
2. By Multiplying
Consider case 1:
John earns $500 per week. He spends $400 each week and puts away $100 into his money-box. This way John is increasing his money by $100 per week
In approximately 100 weeks he would have increased his wealth by $10,000
i.e $10,000 / $100 per week = 100 weeks (approximately 2 years)
Consider case 2:
James earns $500 per week just like John. He spends $400 each week just like John. However he invest $100 per week with an approximate 10% return per week. This could be an investment in his own Website to increase site look & feel or SEO optimization or marketing or promotion or one of thousands of other techniques.
How long will it take James to make his $10,000?
About 6 months his savings will increase by about $11,000 and after 100 week he will have $13 MILLION!
Thus if you thinking of making it big think of a way to multiply your wealth instead of adding to your wealth
There are TWO ways to increase the money that you have (in other words to increase your wealth)
1. By Adding
2. By Multiplying
Consider case 1:
John earns $500 per week. He spends $400 each week and puts away $100 into his money-box. This way John is increasing his money by $100 per week
In approximately 100 weeks he would have increased his wealth by $10,000
i.e $10,000 / $100 per week = 100 weeks (approximately 2 years)
Consider case 2:
James earns $500 per week just like John. He spends $400 each week just like John. However he invest $100 per week with an approximate 10% return per week. This could be an investment in his own Website to increase site look & feel or SEO optimization or marketing or promotion or one of thousands of other techniques.
How long will it take James to make his $10,000?
About 6 months his savings will increase by about $11,000 and after 100 week he will have $13 MILLION!
Thus if you thinking of making it big think of a way to multiply your wealth instead of adding to your wealth
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