"The rich get richer."
"It takes money to make money."
Most of us have heard these two trite phrases repeated countless times over the course of our lives. They may be cliche but I believe them to also be entirely accurate. This is not to say that it is impossible to make money or to get rich when we don't already have lots of money. But certainly it is much easier if we do.
Let's face it, money talks. Especially in today's economic environment, having access to immediate cash gives us the opportunity to purchase assets for pennies on the dollar.
About the easiest way that the rich get richer is by earning interest on their already large amount of money. If you have $2 million and do nothing more than keep that money safe in an interest bearing bank account, you are making about $80,000 per year in passive income by doing absolutely nothing (this assumes 4% interest per year).
We don't have to be rich to be rich!
Not a bad deal huh? So, it's easy...if you want to make a lot of money, just already be rich.
I'm joking. But only partially.
While you can't just snap your fingers and be instantly rich, you CAN quickly and easily begin earning passive interest income as though you are.
And not just a little bit of passive income either but multiple thousands per year in passive income. If it is not already becoming obvious to you what we do, the example outlined in this
$16,000 Question
should help drive the point home.