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Money making ideas that work-3 simple things you can do
| Guest post by: Zirah Daigle |
Article Overview: In his book The Richest Man in Babylon George S. Clason discusses 3 simple rules of money. This article will teach you the basic idea of how you can acquire money, how to keep it and how to use it. The following is my interpretation of the 3 rules.
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Money making ideas that work-3 simple things you can do
You must first learn to live upon less than you can earn. Wait! This is not a live below your means and cut up your credit cards article, but to live in abundance you must first learn to pay yourself first. You may think you already pay yourself as I once thought, but 95% of the population really doesn’t. You pay the bank, you pay for the clothes you wear, you pay for the things you eat and on and on and on. Maybe you put some money away for a while, but eventually that thing you always wanted catches your eye and what do you do. You must pay yourself first before you pay for anything else at least 10% of your income, no less or as much more as you can afford.
Then you must seek advice from those who are competent through their own experiences to give it. Would you go to the mechanic to ask about real estate, of course not you would go to the realtor. Sounds funny, but people take advice every day from well meaning friends and relatives who mostly are fearful of losing money, but don’t really know what to do with it. Advice is freely given to the one seeking it, but it is your responsibility to decide what to do with that information. To seek money you must surround yourself with people who know its laws.
Last you must learn to make money work for you. Money in a wallet or bank account is quickly gone if there is no golden stream to refill it. You can work for money, but your physical efforts have limits. You only have so many hours in every day and there is no leverage in that approach. It is much better to have money work for you through assets like a business, real estate, gold and silver or dividend producing instruments like stocks.
Remember that 10% is yours and no man or women has claim to it. Then find someone who knows its rules, but you make the decision. Finally, makemoneyyour slave and its children your slave. Do not be a slave to money.
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Related Forum Posts
QuickBooks vs. Microsoft Money vs....?
- I have always used Microsoft Money to run my business - accounting, invoicing, etc. It came with my computer when I got it and integrated well with my online banking system so everything is a breeze. It only takes 30-60 minutes every quarter to do the bookkeeping (keep in mind that I have a very simple business - no inventory, very little invoicing, I do all my payments by credit card, etc).
Is QuickBooks or Money the best accounting tool for small business owners? Or is there something even better?
Re: Which would you start: a Blog or Online Community?
- It is a difficult decision to make.
Lets start it this way - What are you more interested in? Money? or Friends? or Both?
If its purely Money, then Blog might be an appropriate answer. But consider this - It will be people (visitors) that will bring traffic to your blog and then Money will follow. This will be possible after a time and during this time it will be your friends who will be the starters.
If you are looking for friends only, then its true that not many will be interested in knowing how you have beaten them in the game or the other way round. So it will be preferable to have a Forum where they can share ideas with you and others.
But you can share your insider knowledge with them and invite comments from your Blog. You can also put up information on what others (including your friends) don't know about Tennis. The blog you create can provide News, Inside Information and also Techniques that can be used by the new entrants in the world of Tennis.
Cash Comes from Creativity
- These days, income from your 9 to 5 job can only get you so far. Gas is gold and it seems all are bemoaning the effects of economic recession. The question foremost on everyone’s mind is this: how on earth can we survive this financial crisis?
Before, money-making is defined as having enough capital to start a business --- that or you make sure you are employed by the richest and most benevolent boss on earth! Those days are over though--- you don’t always have to rely on savings/ capital or the generosity of other people to have sustainable income. All you need is yourself---and your ideas!
That’s right. The new model for business is innovation: the ability to successfully exploit great ideas. Innovation brings income; creativity brings cash.
We live in a world where almost every good or service is readily available. If you search a product on the internet for example, say laundry detergent, you are likely to come up with several hundreds of brands and variations of the same product. And with consumers nowadays being so fickle from the many choices available to them, your market can change their minds about their preferences in a matter of seconds. If you want to survive in the global marketplace you need to be able to do two things: stand out and think on your feet.
Ask yourself: what can you offer the world that others do not? What would make things easier, more convenient or more sensational for today’s busy people? What are your simple solutions to everyday problems that deserve to be replicated? What is an outrageous idea you have that may actually work?
Your multi-million money-making opportunity may be lying in quirky little things you take for granted. That effective hangover-remedy you concocted? May just be an affordable alternative to what’s on the shelves these days. That extra-special way you pack your kids’ lunches? May be taught via a webinar alongside with your other Martha Stewart-ish ways. Just look closely at what makes you unique and effective---and think sales. That’s money from your ideas.
$$$
- Money making is a talent. If used properly it can achieve desired results.
Re: Do Women Play the Stock Market?
- Getting others to follow the strategy consistently definitely includes discipline. For me, it took continual practice to develop the discipline to the point that it is second nature for me to follow the system. It works, and I liked getting greating results, so that helped keep me disciplined. When I didn't follow the system, I would lose money on an investment. That was enough to remind myself to stick with the systematic approach. Also, the approach I use is a simple approach versus some of the more complex systems I have seen out there. I figure why complicate things if I can keep it simple and still be profitable. My goal isn't to be an egghead; it's to continue making money in the market. Regardless of whether the market is up or down, I am still profitable.
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