Everybody needs money-it’s a fact of life. The main difference between the successes every individual makes rests largely on the strategies they employ in going about it. In this article, we will talk about the three main strategies for making money and which one is the most effective of all.
The first strategy on how to earn money is the most widely used of all three-this is when you trade your time for money. Around 96% of all individuals work like this. Most careers available in the market today fall under this category. Unfortunately after a while, it will compromise your quality of life and will ultimately be detrimental to you.
The next strategy on making money is for you to invest money to earn money. Three percent of all people use this because not everybody has the luxury of having enough money to build wealth through this method.
Examples of these are businesses wherein you put in finances so you can sell them for a higher price, thus incurring an income. This is a better method of making money; however, problems arise when the individual does not have enough money to invest. If you want to get rich through this avenue, it will take time and a very smart and trustworthy financial adviser to help you build wealth.
Finally, the third strategy is leveraging yourself in order to earn money. This is by far, the best way to get rich. It is done by increasing your income generating avenues. It is the secret of those who control the majority of the world’s wealth.
Multiple Sources of Income, or MSI, is the typical way on how to earn money through this strategy. Develop a system where people of specific niches can find you. When they do, direct them to other partner businesses that also cater to their needs. Because this won’t take up much time, you can explore other ways to make more money as well.
What you have just read is the science of getting rich without sacrificing the quality of life everybody deserves to have. Anybody can do this. You need only to decide that you want it and plan the concrete steps you need to take to achieve your financial goals. What is the amount of money you want to earn? Portion it out into segments which correspond to a source of revenue you can grow.
To succeed in life, you must not aim for wealth alone, but the enrichment of other people’s standard of living as well. When you help others realize their dreams, your own dreams have a way of coming into fulfillment as well. Make life beautiful and get more than what you wished for-guaranteed.
Want to find out more about buiding wealth in six minutes a day, then visit Bob Proctor’s site, Six Minutes to Success.
