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Now that you are knowledgeable about compounding interest, we need to look at the ways that you acquire this money to invest. The most common way is to go out and get a job. Job, as we know them today, really is just an acronym for Just Over Broke. You put all your effort into making a great career out of your job working for someone else, bring your paycheck home, pay all of your bills, and spend what little you have left on yourself. All of this and at the end of the day you do not feel very secure. At any time, your job could be eliminated. With all of the scandals as of late, you never know if decisions made at the top are in the best interest of its workers. I am not saying that every company is bad to work for. You need to find something that you enjoy doing and do your best at it. I am only saying that a job will limit you from being able to accomplish your goals, if you let it. Another way to acquire this money is to save money that you have already been spending. When you understand the rules of money, you become a much smarter and better informed consumer. This does not mean that you clip every coupon possible and only go on double coupon days. Remember you are also investing your time. You need to save money in the major places. Credit cards, phone bills, cars and your house are some major costs that, when you look a little closer, it is easy to see how much money you can save.
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