Spend money to make money – 2 simple ways

There are many ways that you can make money. Some people think that you need money to make more money. here are two ways that you can use money to make more money.

Outsourcing task

You can get a better return of investment by outsourcing certain task.

Example:

If you earn $16 dollars a hour, You can use $8 per hour and pay someone else to do certain task. By outsourcing task to someone else that person get pay and you free your time to do something else.

This could apply to many things.

Example:

There are people that have multiple blogs and websites. As the websites and blogs grow, you might make more money but you also might have more task to do. As time passes, you most likely will be force to either sell one or more of those blogs or hire someone else to take care of certain task.

Increase your value

You can spend money on courses, training, certificates and so on to learn certain high income skills so you can increase your income.

Example:

You can pay for training to learn how to create a course. That would shortcut the amount of time you will take to learn the skill than if you just were to do it on your own with trial and error.

Of course, you can always try to do and find ways to do it for free. But remember, you are trading time for money. Wealthy people do not trade time for money. They trade money for time.

That’s it.

Take a calculated risk.

Now, start and adjust as you go.