How Can I Make My Money Work For Me?


Why do we need to make money work harder? Cos if our money doesn’t work hard for us, we will have to work even harder for money. How if we get old, physically unhealthy, we are not able to work, who is going to sustain our daily life?

Once we can make our savings and money to work efficiently, we don’t have to work so hard, so long, perhaps the rest of our life. Especially when we get older, our body getting less efficient, companies may rather hire younger employees, pay them lesser than us, but they can be trained to do our job. We can easily be replaced.

Therefore, making our money to work for us is a must. It is not easy, but asking ourselves ‘How can I make my money for me?’ should not diminish in our mind.


What I have here today, is the most effective way through the year, most of the investors have not given up doing it so far.


Place money at the right place

How Can I Make My Money Work For Me?


To make your money worth placing and grow, make sure the growth of our investment will at least beat the economy inflation.


The annual inflation rate for the United States is 1.6% for the 12 months ended June 2019, compared to 1.8% previously, as published on July 11, 2019, by the U.S. Labor Department.”

Singapore’s annual inflation rate edged up unexpectedly to a two year-high of 0.9 percent in May 2019, from 0.7 percent in the previous month and above market expectations of 0.7 percent.”


1) Invest in good company stocks/dividend stocks

How Can I Make My Money Work For Me?


Placing money in profitable businesses and share the dividend later. Most of the companies are giving dividends when you buy some stocks from their companies. If buying shares and wait for it to grow or fall is too risky, I encourage you to have a long term investment mindset.

We can spend more time, looking into the company’s financial health, the past 10 years of earnings per share, what is the debt of the company, does the net income and liability ratio gap is not too far off.

This homework might sound tedious, but once we found the gems, we keep the gems for the annual dividend and see it grow. When the company is making money, they can pay you the dividend that able to beat the year inflation rate. Your money will not shrink by saving them in the bank.


2) Rental Income

You can rent out your place for long term rental or Airbnb homestay. Some of us might have our parent’s house that already finished the repayment to the bank loan, then we can make money by renting a room for travelers to stay for a night or two. You can make friends, be a host, and they get to share the experience of a different culture.

If you have a house, and you don’t need to stay now, just rent it out. The rental can help you to pay the bank loan if is not 100%, at least half. So that the rental will reduce our monthly payment to the bank.

Bear in mind that, you will need to pay up too for the furniture, perhaps some light renovation beforehand. Making your place a little nicer, more comfortable, and you can rent it out for a better price.



3) Store it in retirement fund fixed deposit/government 5-8% (slow but safe)

How Can I Make My Money Work For Me?

After all, if you are too lazy to find ways to make money works for you and no cash to buy a house, no property, no interest to look for good companies, and you just want to work for employers. You can also consider top up your retirement fund that contributed by yourself and employer monthly, to the government retirement scheme account.

Check out how many accounts are there, and load inconsistent money to the account that able to generate a higher rate of interest. From there your money will grow faster, and work harder for your retirement.

Other than that, some banks can offer a good return rate with a huge amount of fixed deposit savings. If you are a premium client for them, you can bargain with them a better rate, as long as the money is not depreciating and able to beat the inflation rate.


4) Invest in good businesses

How Can I Make My Money Work For Me?


This idea might sound like you need to fork out a big chunk of money, but I did once, it only cost me $5K. Let me explain. Once I join an Options trading class, and the teacher introduces us to this business guy. He told us about his way of making money. He suggested having a pool of people, a maximum of 20 pax, we approach a profitable Thai food restaurant in Singapore, we put in funds that we can afford, from $5 – 20K each to joint venture with the company.

So that the restaurant can have more funds to branch out, to open more stalls elsewhere. Last year we can make 10% of what we invested. This isn’t a bad idea at all right? As long as we do our homework to analyze the business.

What’s next?

Keep looking for LAZY ways to make our money work harder for us! This is my motto in life. I will keep posting here and give you more and more ideas of what else we can do to generate more passive income. Let’s learn together, do suggest me if you have better ideas.

Eventually, we don’t want to compromise the quality of our lifestyle too much, we spend within our means, minimize the debt, spend less on credit cards, make sure the cards we use has a rebate program.

Save whenever we can place the money at the right place to avoid depreciation. Keep looking for ways to make our money work hard for us, and eventually, the goal is to beat the yearly economy inflation.


Any thoughts? Please feel free to leave me a comment below.

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