THE THREE WAYS TO MAKE MONEY

There are many ways to make money. Just look at all the employment offers in the classified advertisements. You’ll find all kinds of ways to make money. If you ask a career consultant, you’ll be overwhelmed with the choices available for making money.

But have you noticed? They are really all the same. They are all jobs. There are only three ways to make money.

1) Trade your time for money.

2) Invest your money to earn more money.

3) Invest your time to create both more time and money.

Let’s discuss one by one.

First Way: Trading Your Time For Money

All employment descriptions in the classified advertisements are jobs. These are examples of the first way of making money-trading your time for money. You attend job, you spend your time and you get paid for your particular time.

All the employees and all self-employed persons fall into this category. If you have to be there to get paid-it’s job.

A job is a financial restraint. It limits how far you can earn. It most of the time bothers you for your future. To be frank, it might pay you about 25 percent of what you are really worth-probably less than that. Because your employer has to make money-a lot of money. This is possible when he or she pays you less than what he or she charges customers for what you produce.

People using this financial vehicle never have any time to do anything else, because they spend it all chasing money. For people with a job, time is money-literally. When you don’t put in the time, you don’t get any money. So, you work all the time, trying to get ahead, hoping that working longer and working harder will bring success.

No matter how hard you work. Working harder for more hours is not the answer. You’re on a treadmill, and it’s deadly stressful.

Tell me, if you worked twice as long-would you earn twice as much?

If you worked twice as hard-would you earn twice the income you get?

Could you work twice as hard or twice as many hours as you do now? It’s next to impossible!

Self-employed persons face the same challenge. It is a job if you have to be there. It’s a job if your income is limited by the amount of time that you can spend working. This is true for highly paid doctors and lawyers, too. If they don’t show up, they don’t get paid.

This first way of making money was not designed for your success. It’s for your employer. You generally work for someone else’s success.

A job takes your time and gives you money-not a living, just money, and less than you deserve-in return. Your productive time is your only real asset. Spending your time, selling your time for an income, you continually face the challenge of truly making a living.

Your time is limited. You have only 24 hours a day, 168 hours a week. And that’s the same amount everyone else has, too. So you do have time, but it’s limited; and when it’s gone, it’s gone for ever.

In the past, the only two ways to break through the income plateau were to make your time more valuable with more education, or with more experience-or both.

But today there is no correlation between college degrees and steadily increasing earnings. There is no connection between higher education and financial security.

A job is not the best way for creating the life and the security that you want. Trading time for money constricts your future.

Second Way: Investing Your Money

The second way of making money is to leverage your savings or other money that you don’t require to pull on your days-excess money. You can invest that money in the stock market, real estate, limited partnerships, mutual funds, or other investment opportunities.

Third Way: Investing Your Time

The third way of making money is to leverage or invest your time in other people. Leveraging time is the real key to all lasting wealth in the world. When you leverage your time, you create more time and more money. 90 percent of the millionaires made their fortune in this way.

The best media to earn wealth and freedom is people. Look at this –a word of advice from one of history’s richest men, J.paul Getty;

“I would rather earn one percent of a hundred people’s efforts than 100 percent of my own.”

You must learn to organize other people for mutual benefit with an attractive earning opportunity.

When you help enough other people to get what they want in life, then you can have whatever you want. You need to own a business system that leverages time.

We all serve people in the process of providing products and services. More sales volume equals to more income. The important things are the potential demand and the capability of the distributing the products or services that you deal with. The main important thing is to serve an unlimited number of people.

When you control the volume, you control your future. You can do this by investing your time in unlimited people.

Time is most important. Let’s consider how you can leverage your time.

THE FOUR WAYS TO LEVERAGE TIME

No one can make a business all alone. You need the help, energy, efforts, creative ideas, support and time of a team of people to build a substantial business with reliable income and growth. The growth requires leverage.

The history of business is the chronicle of people finding better ways to leverage time. All business owners want residual income-money that keeps coming in even when they are not there physically working, running the business.

Entrepreneurs have always found creative ways to organize people that continue to produce sales volume and income, even when the business owner was not physically present. The history of business is the story of the pursuit of residual income, and that’s why it is also the history of leveraging time.

The beginning of free enterprise was the self-sufficient farmer bartering with his neighbor. If you had rice and your neighbor had wheat, you would trade with each other by exchanging the products.

Soon, money became more valuable, because you could use it buy things from people who didn’t want your rice. So, you sold your rice for cash instead of trading them.

You were in the rice business.

You found out very quickly that you could produce only so much of rice.

You realized the limit of your own time and effort.

Your income from your rice business peaked.

But that wasn’t so bad. You had a successful rice business, even though it was not growing. You were serving people by providing products they needed. You had created a certain amount of sales volume. You didn’t have any competition. Most of your neighbors and family thought you were doing very well.

The problem was that you were ambitious and wanted more income, but your business had no leverage. The question was how to increase the production of rice you could make in a year, since you had to stop to eat and sleep, and you were already working as many hours as it was possible to work.

You had no more time to put into the business.

You needed a better way to serve more people and create more volume.

One solution is to bring in a partner, but a partner will want to own part of the business. You don’t want to give away part of the business that you have built with your own sweat, courage and all those sleepless nights. You don’t want to give up any creative control. You don’t want to share the responsibility or the profits.

Solution: You need to leverage your time.

There are four ways to leverage time in a business.