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Getting Rich Through Investments While in Your Job

There are many path towards wealth, and the most common path is that through building a business. While everybody can start a business, not everybody can maintain a business, let alone get rich in a business.

Many business people start a business in order to sell a business, so that they have the money to invest to get rich. After all, “passive income” is what you will need in order to enjoy being rich. There’s a report on Yahoo lately on Warren Buffett’s personal dividends coming to millions a year, so investment in passive income is still an important part of a person’s portfolio.

That’s why this article comes from a different perspective. HULT PRIVATE CAPITAL You can learn all you can to build a business to build a business, and then learn all you can about investing to successfully invest. Or you can just jump to learning how to invest, and just do it. The time you save will be tremendous, and you can even do it while you are working.

First, what constitutes investing? In general, investing is a long term activity where you buy something selling at a low price, that will grow as time passes. If possible, the investment vehicle should be able to give you regular income such as rent, dividends or interests.

Some people believe that purchasing for short term gain is also an element of investing. The truth is, when you trade, which is what I call short term “investing”, you are depending on human emotions or greed and fear, and also technicals “investing”. That is, you are not buying the investment for the purpose of growth. There is nothing wrong with this technique, but it should never be confused with investment, as the analysis is totally different from that of long term investment.

Long term investment require an understanding of how the investment vehicle work, what it does, and how it relates to other investment classes. There is always a down cycle and an up cycle for the investment. The key is to purchase when the price is down, and never to buy when the price is high.

The need to understand how the vehicle work is as important as any other knowledge, as only through understanding how it work, or how the business function, will you be able to assess whether it will survive, and grow back to its former strength and beyond in the future. The problem for most people is that they don’t understand how the vehicle works, and once the price is beaten down, will never go back to its former strength again.

No man is an island, and that goes for investment vehicles too. Every single investment vehicle in the world right now is tied to other investment vehicles, such as a company being tied to the demand and supply of the industry, the cost of borrowing locally and overseas, cost of foreign exchange, strength of competing industries and complementary industries, and many other factors. The relationship with various forces differ in strength, and it’s only when you know the factors that influences the price most strongly when you will be able to take advantage of differing economic situations to invest.

Different times calls for different investment vehicles, and not every investment vehicle costs a big amount of money. Some examples of investments for the mass are stocks, mutual funds, foreign currencies, single family real estate, bonds, friends businesses.

The point is, if you are in a job, you can still get to make smart investments if you know what markets can be bought at that point. The advantage you have is that you have a regular source of investment funds. By making purchases of low priced passive income items and holding them for the long haul, you will be able to grow your wealth even with your job. What’s more, if you could invest with not just your savings, but also your passive income, once your passive income exceeds your expenses, you will no longer be dependent on your job. This means that you can ignore office politics or move to do something you enjoy, or even take a sabbatical break without fear of lack of money again.

So what are you waiting for? Why not start on your quest for financial knowledge now, and begin your journey to wealth!

Ukey Hoo is a self taught passive income investor specializing in Real Estate and Foreign Currencies. He has achieved financial freedom in 4 years while being an employee and has been helping others achieve the same results since 2008. His blog at [http://www.communityofwealth.com] contains many resources which will help you in your quest for financial knowledge. See http://www.thriveinyourjobcommunityofwealth.com [http://www.thriveinyourjob.communityofwealth.com] for more details of how he became financially free in 4 years.

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