Friday, January 30, 2009

How to Make Money - You’ve got to have an attitude

If we can agree that we want to know how to make money, then the next question is - why is it so difficult? Why are we always looking, but so few seem to find it?

Let’s look at a few pointers. The first one is attitude – the way we position ourselves and think of ourselves. How many losers make it big? A loser is a person who, by definition, thinks lower thoughts and not bigger thoughts. Don’t forget, we can all rise and fall, and fall again. The winner will shake himself, or herself, off and try again. A loser will stop and quit.

Donald Trump is not my hero by any stretch of the imagination, but he is successful because he tried, and failed, and tried again. Read his story. Another author who does a stupendous job of describing this thought, posture, and positioning process is Robert Kiyosaki in his Rich Dad, Poor Dad series.

So, the start point is a thought. Think of it this way. What comes first – the house, the design, or the idea? Of course, the idea comes first, then the design, and lastly the house. Making money is no different. First, you must have the idea, then a vehicle, or means to create that money, and lastly - do it – put the vehicle in motion.

Now, it should be easy to see that our start point in how to make money is the goal. What do you want? Why do you want it? How much do you want? When do you want it?
This is the first and VITAL step which you must go through if you want to build the house. Can you imagine a house without a design, without a designer? Nonsense – right?

Like it or not, humans are not machines. We are not mechanical robots. What do I mean? We have emotions. Strange thought in this post modern world, but we all remain creatures whose emotions are more powerful than our logic. Ignore this truth and you will pay a price sooner or later. Is TV advertising logical? No. Are TV programs and movies logical? Not necessarily. Why is it that we are “carried away” in a Star Wars movie – an Independence Day? Are these movies logical? What I am trying to say here is that our emotions drive us, and influence us, much more than we would like to admit.

Therefore, it is fundamental that you build a dream around your monetary goals. What will you do when you get money? Where will you go? What will you enjoy? Do this – and feel the emotions. Let the emotions then drive you forward and remember daily your dream. Why? Because, like Donald Trump, you will suffer setbacks on your path to success. If you have a dream, you will continue fighting. If you don’t have a dream, you will lie down and quit. Do you see why it is so important to build your dream? I hope so.

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Thursday, January 29, 2009

How to Make Money - what is it?

Let’s start this comprehensive series on how to make money with a quick definition. It may seem painfully obvious (even ridiculous) to ask the question – what is money?

If you ask several people, you’ll get several answers. Some will say it is used to buy stuff; others will say it is a measure of success; to others it means security, or ability to buy pleasure. Some will say “money is the root of all evil.” Actually, the correct quote is, “love of money is the root of all evil.”

So what is it? And why does it exist? Silly question, but needs to be asked…

Quick history A few thousand years ago, money didn’t exist at all. People used the barter system to swap what they didn’t want, or need, for stuff they wanted. It could have been a camel for ten sheep, or whatever. The problem was that the camel and sheep had to be physically available to conduct the business. There were at least two problems. Camels and sheep are kind of heavy and slow to carry around and they stink! Hey, if you love these animals, sorry for being so rude!

One major item of value that was widely used to represent “money” was good old salt. Yes, salt! Because it is great for preserving food and these guys didn’t have refrigerators. So salt saved the bacon, so to speak.
I don’t know if the salt got to be a nuisance or what, (bulky for one) but one day some guy came up with the idea of using metal coins to represent value. The idea was great. Carry around a few coins and you can buy stuff. No more carting camels around the country!
Then the coins got to be too heavy (these rich guys had too many and their pockets fell out! So they thought, let’s print money on paper. Paper is light and we can put any value we like on its face. Great! But who would have the right to print it? Guess who? The government… surprise, surprise!

Even bigger surprise is to find that the good old US dollar is printed and controlled by a private corporation called the Federal Reserve! That sounds like government but it’s not! Food for another article – later – I promise.

By this time, banks had been invented and they were the nice folks who lent out to others at a price. At first you could only get money from the funds they had in reserve. But then some brilliant fellows came up with the idea of lending over and above their reserves. Nowadays they actually lend money that doesn’t exist! True - and there’ll be more articles to come on that. Thin air! Really.

Enough bla, bla. Modern folks want to make money. They want, but how do they get? How to make money? Well, some exchange their time for money. These are the people who have jobs. Now you know that JOB means “Just Over Broke” or living pay check to pay check.
Some nice and well-intentioned fellow said we really should have at least six months living expenses stashed away for a rainy day. Uh uh. Yes. OK! But ……
What happens if you can’t get that money together? What if you need to work two jobs just to pay the bills? What happens if your rainy day turns into a rainy year or two?

What happens if your rainy day turns into a rainy year or two?

Well you could try to make money fast by selling something. How many of us would honestly say we love selling? Be honest. My bet is less than 5%. Most folks hate the idea of selling something. But wait.

When you sell something, don’t you get money for that?

Pause for thought.

WHAT IF, you could find a way to sell automatically on the Internet and never have to speak with / feel embarrassed about / face a client?

WHAT IF, you could find a way to sell automatically on the Internet!

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