If you have $ 40,000 and are wondering how to invest it, you need to consider what you expect from the investment. Do you want a safe investment or are you willing to risk losing your $ 40,000? Do you want to grow your business? There are many different ways to invest money and there are many different ways to lose your money.
If you have to ask a millionaire how to make more money, they will tell you if you are really interested in making more money and being successful, the best way to do that is to reinvest your money. That means taking $ 40,000 and putting it back into the business.
For example, if you are turning over houses and making a profit of $ 40,000, buy another house to turn over. If you end up selling this house for $ 80,000, you have just returned your initial investment and earned another $ 40,000 in profits. Every time you receive your initial investment, you invest it in something else, perhaps at the expense of drawing compound interest or in another business venture that serves to increase your wealth. The point is, you keep getting your initial investment back and you have a profit to keep the business going. It won’t take you long to turn that $ 40,000 into $ 1 million.
Adherence to this seemingly simple system has been done by many millionaires. It’s a quick, easy method that’s just a process of reinvesting in yourself, and who would be stupid enough to say they won’t invest in their own success?