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5 Ways to Use the Stock Market As a Cheat Code to Life Letting your money work for you opens opportunities.

By Ryan Persad

Opinions expressed by Entrepreneur contributors are their own.

Trading your time for money sets a cap on your income, due to the fact you are limited by the number of hours you can put in each day. On the other hand, letting your money work for you has no limitations and doesn't stop to catch up on sleep or even take a lunch break. And since money talks here are 5 tips so that you too can utilize the stock market as a cheat code to life.

1. Get started with knowledgeable action

The very first step to starting any goal you set forth is to simply take action. When it comes to the stock market the first step shies away from simply just taking action and leans towards taking knowledgeable action. "Action that is taken with the proper foundation of knowledge to succeed".