Stop splashing the cash and invest it already


I see it all the time.  Nice cars, fancy watches, well dressed.

And that’s fine. As long as you’re using money taht renews itself every month.

But if you’re having to get out of bed and go to work in order to afford those things (And I’m not talking about those items that allow you to do your work), then we have a problem.

Huge credit card debts, living for the weekend and ‘lets eat out shall we?’

Over indulging is great until the credit card bill comes in

The route to wealth is fairly logical.

  1. You cut your costs and your debt.
  2. You generate cash via a job or a business
  3. You invest the difference into something that generates more cash

You keep on doing this until you no need to work.

Now, You will need two types of cash.

  1. Small bits that come in every single month and cover all your monthly expenses (meaning you don’t need to have a job anymore) and
  2. bigger stuff that comes in every so often but for much larger amounts.

So multiple streams of income is needed.

How about these 3 streams of income

  1. Property : this gives regular income each and every month. There are some obstacles to overcome (such as non payment of rents and breakdown of washers, boilers etc) – but on average it brings in more than enough to live on and cover all costs, including holidays, car payments, flights, lifestyle, etc
  2. A Business : this should brings in large amounts of cash every so often. It’s this income that is used to make further investments which in turn generate more cashflow. This model DOES exchange your time for money, albeit a higher amount per hour than a normal job would.
  3. An Internet Business : This could be providing education via online training, books and so on. The beauty of this is that it can scale quickly and you’re NOT exchanging time for money.

You need something similar.


The ‘income stool’ has 3 legs. You get to grow all 3 at the same time, and when is struggling the other 2 can help prop it up for a little bit.

Instead, what I see is that people have a job or a business – and both of these take up so much time and energy that they haven’t got a chance to get out of it. So they stay that way being busy for the next 40 years and then retirement hits.

I understand that for some, it’s a difficult cul-de-sac to get yourself out of.

You need to come all the way back out and re-design what you want to do in order to earn more money, which will allow you to make the investments.

But you start from saving what you earn, and paying off that credit card debt.

This kind of debt is like Kryptonite around your neck. Get rid of it. Every penny should go into paying down your debts as soon as possible.

As soon as you start doing that, you can start investing chunks of money into something else that can thus create more money.

Next Steps

  1. Create a spreadsheet with all of your costs on (EVERY SINGLE ONE)
  2. Decide how much money you need to earn each month to cover all these costs (to begin with)
  3. Work out which vehicle will get you there the quickest.


If you need any help, then come and join us in the Success Junkies group on Facebook.

Daniel Latto

About the author 

Daniel Latto

Daniel Latto is the owner and Director of The Daniel Latto Group, a Full Service Digital Marketing Agency.

Daniel advises businesses on marketing on Social Media using both Paid and Organic content. His top rated iTunes Podcast; 'The Wealth Creation Show' has hundreds of thousands of listeners around the world.

Daniel originally became Financially Free through property, with a Multi Million Pound Property porftolfio in Leeds.

He now lives in Spain on the shores of the Mediterranean.

Leave a Reply

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
Subscribe to get the latest updates