Here are the 3 ways to make money.
1. Do something for other people who will pay you money. Called a job.
2. Make something or provide a service and charge money. Called a business.
3. Use your money to make money. Called investing.
Becoming wealthy is difficult using the first two. The third way is by far the best way to make money providing true financial independence.
1. Having a job: The most common way to make money, but typically is just part of making a living. Here, our livelihood is totally dependent on others.Losing our job means losing our income.
Here’s a few tips to help along the way.
- 7 Tips to Survive College and Land a Good Job
- Help, I hate my job (How to be happy at work)
- Workaholic? how to get out
2. Starting a business: A riskier but usually a better way to build wealth. Having a business increases chances of financial security, but also means your liable for all earnings and loses.
Here are a few articles to help start and run your own business.
- Business Basics: Top 3 tips for new business owners
- Business Basics: 6 Business Lessons from my childhood paper route
- Exposure Is Good For Business, 5 Things To Remember.
- Small Business is ‘Big Business’ Part 1: Defining Business Size
3. Investing: Using money to make money is by far the best. Yet with greater reward comes greater risk. So do your research and start experimenting a little at a time.
Here are a few investment tools to help along the way.
Increase earnings potential: Use money to make more money
Everything You Wanted to Know About Stocks.
Wanna be rich? Invest, don’t spend – Investment Opportunity – 21 Places to Invest
Real Estate 101 – Making Money in Real Estate
Yes, there are 3 ways to make money. But we can also save money. So join us at How to save money everywhere – Infograph