The simplest strategy for getting out of the rat race into a place of financial freedom is to ensure that your income is more than your expenses. You can choose to reduce your expenses and you can choose to increase your income inasmuch as either action makes your income to become more than your expenses.
However, reducing your expenses could potentially reduce your standard of living – and skipping that cup of coffee might not really help you get out of debt. However, you can increase your income without actively taking up a second job by getting your money to work for you. This article provides insight four ways through which you can make your money work for you. [Read more…]