To be financially free is more than having lots and lots of money. To be financially free is to have the capacity to do what you want and what you love without worrying about your finances.
Chloe Hung, an International Actuarial Consultant, Coach, Investor, and Author of the ground breaking book, “Strength in Numbers: An In-Depth Look at Actuarial Science for Math Enthusiasts” shared how to achieve financial success and freedom by sharing her “Trading Tips to Multiply Your Income” in an article published by Dynamic Business Women. Dynamic Business Women’s passion is helping female entrepreneurs live the life they want and desire… one brilliant step at a time.
In this article, Chloe enumerated the Three (3) Approaches in Multiplying Income. These are:
- Trading time for money approach– this is what we usually and commonly do, as taught by our educational system. This is an approach where we work for someone else in exchange for a salary/ wage. This is also the long and hard way of multiplying our income.
- Trading money for money approach– it is earning money through investing. This can be done through fixed deposit, savings plan, stock investment, property etc. This is also the best way to make your money work hard for you.
- Trading expertise for money approach– also known as the entrepreneurial approach. This is a great option for those adventurous people who are willing to take risks and think differently.
True to her being a seasoned actuary and an expert investor, Chloe additionally presented the different pros and cons of these trading tips which help assess the best option when one wants to utilize a specific approach. According to Chloe, you may likewise combine and utilize these approaches, should you wish to.
As per Chloe, “I would recommend you to try utilizing these three (3) approaches to multiply your income. If you are working for money right now, take a small percentage out of your monthly paycheck and invest it into a savings plan or a fixed deposit. That way you are forcing yourself to save and make your money work for you. When you have some spare time, create your own intellectual property and try becoming an entrepreneur. Who knows you may actually find your true calling within the entrepreneur route.”
Achieve financial success and learn how you can multiply your income through these trading tips HERE.
Awesome tips for those who want to achieve financial freedom and success! Cheers, Chloe!
Dynamic Business Women’s mission is to provide you with the education, resources, training, and support to help you start to manage and grow a business you love and have the life you want. Driven by a passion to help other women entrepreneurs make informed choices about their business and marketing, Michele Elmas-Hardy (founder of Dynamic Business Women), is passionate about finding new ways to use technology and tools to a build business, forever the computer nerd!