2022 is here!
We’ve been taught many lessons stringing back from 2020 and transitioning to 2021.
Money has played an extremely important role in our lives.
How can you make 2022 one of your best years financially?
By having a plan.
Here are 3 massive ways you can command your money to work for you.
Welcome to Franknez.com – the blog accompanying you on your journey to financial and time freedom. Cheers to a prosperous, healthy, and abundant 2022.
Let’s get started!
In today’s article I’m going to go over 3 ways you can transform your finances by making some incredible money moves.
The awesome thing is that you don’t need to make a lot of money to make this happen.
It’s all about developing proper money management skills over time.
You already spend a lot of time working to earn your money; it’s tiring!
So why not learn how to put that money to work for you?
Here’s how you can make 2022 your best year financially.
#1. Start your first investment now
You’ve probably always wanted to invest but have never really started.
Perhaps you don’t know where to start.
Bookmark this guide on how to start investing in stocks for beginners, it’s going to change your life.
One of the best ways to have your money work for you in 2022 is by putting it in a safe index fund such as the S&P 500 where it will earn you 8%-10% per year.
Investing your money is easy!
Most people have just never been exposed to how simple the process truly is.
Depending on your level of risk, you could invest in individual stocks that you think will go up in value over a period of time (e.g., Apple, Tesla, etc..).
The S&P 500 for example invests in the top 500 companies in the U.S. so it’s very well diversified: hence making it a safer investment.
I recommend you download the app “Mint” by intuit to track all of your accounts and see how they grow in real-time throughout 2022!
Create a plan to how much of your income you will be allocating towards investments every month.
I suggest having an emergency fund set aside first so that you’re always ready to tackle any unprecedented challenges this 2022.
#2. Diversify with cryptocurrency
Cryptocurrency is here to stay and if you think it’s too late to invest in crypto, think again.
Crypto has made a loud statement, but analysts have massive predictions for many of the popular cryptocurrencies, meaning there’s a lot of room for growth.
Is crypto safe?
It is with Coinbase.
Another way you can have your money work for you is by allocating a small percentage into digital assets.
Two cryptos I’m personally long on are Cardano (ADA), and Shiba (SHIB).
Because these two digital assets are very affordable, planting seeds now could bear incredible fruits sometime during this decade.
So even though you might only be able to double or triple your investment this decade with Bitcoin, the opportunity for massive gains with other cryptocurrencies are still out there.
You can view when I buy both stocks and crypto exclusively on the Patreon.
Bookmark: How to invest in crypto for beginners (step-by-step)
#3. Begin to fund your freedom
One way 2022 can become your best year financially is by creating a vehicle that will allow you to escape the rat race.
Have your money work for you buy investing in a vehicle that will provide you with financial security, and earn you back your time.
If you have a job or a career, use your employer as a means to fund your passions to create a sustainable second stream of income.
Most people believe that you should live off of the income your employer provides you with.
But in order to build wealth this new year, we’ll have to shift our mindsets so that the income caters to a greater income vehicle.
That income vehicle will vary from person to person but is the fastest way to financial and time freedom.
Your job/career can fund your dreams and ambitions so that one day you won’t have to rely on that job/career.
One of the greatest investments you can make is on yourself!
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Cheers to a tremendously prosperous 2022! 🎉
Read: 3 Different Ways I’ve Earned 6-Figures [Secrets]