Making Money
It’s a funny phrase when you think about – “Making Money.”
You don’t actually make it, you earn it, right?
The treasury or the central bank, they’re the ones who actually make the money, aren’t they? Or do they merely manufacture it?
After all, what they make is merely pieces of paper and metal that represents money.
Money is based on – well it’s based on stocks and bonds and commodities which is…
Wait, isn’t that just more paper and metal?
So what is money? It can make your head hurt if you actually stop and think about it.
Which probably explains why all our politicians look and act like a bunch of bamboozled baboons all the time, because they’re meant to be fixing the economy but still don’t understand what money is, let alone how it works.
Simply put money is the measure of value and value is based on perception.
In other words money, quite literally, is a state of mind.
To master the money-making mindset you need to understand one thing – value.
Value is based on what people will pay for a given item or service and, as such, is in a constant state of flux.
The trick to investing and wealth generation, therefore, is the ability to acquire that which can easier hold its value or, better yet, appreciate in value – assets – and to avoid, at all costs, the accumulation of debts and liabilities.
It’s actually a rather simple equation; the trick is finding ways to balance it.
The thing is we’re all different, we all come from different situations, financial or otherwise, and we all have very different desires and objectives. There’s no one-size-fits-all financial solution and yet no shortage of people trying to sell you one. And of course, there’s no shortage of questions either.
We’re here to help you find answers. Answers to questions like how can I make more money? What are really the best ways to make money online? How can I generate passive income? How do I earn money with affiliate marketing? What are the best investing opportunities? How does forex work? How does stock trading work? How do I make money as a day trader?
Plus, not only will you find plenty of advice on how to make money and invest money, we also have lots of handy tips on how to save money, minimize your deductions and reduce unnecessary expenditure.
Cathy VA : January 24, 2012 3:49 pm : Home Entrepreneurs, Making Money
Seth Godin: "It's the end of the Industrial Age"
Whilst having my cup of morning tea and checking my emails, I opened up two articles from Business Insider, both of which were sent to me via Linked In. One was about the true motivation behind Apple’s outsourcing practices, and the second was about comments made by Seth Godin regarding the future of employment – two stories, from the same source, telling the same story in two very different ways.
Of the two it was the Seth Godin story which managed to cause the biggest stir. On Linked In I noticed the story bubbling up again and again on various groups, I even saw one person question whether or not it constituted “right wing propaganda”. Once again, in other words, Seth has got people thinking, and talking.
Seth Godin, for those who still don’t know, is a one man phenomenon. The best-selling author, speaker, entrepreneur and founder of Squidoo is a highly influential figure, when Seth speaks, people listen. Large businesses, in particular, listen quite intently to what he has to say.
So when Seth has something to say about the future of employment, you’d do well to listen too. more »
Jeff Albertson : November 10, 2011 8:24 am : Wealth Generation
The first thing to learn about building enduring wealth it’s this:
Don’t be like Scrat.
Who?
You know, Scrat; that demented little ratty squirrelly thing from the Ice Age movies?
Come on, don’t pretend like you don’t know what I’m talking about.
Scrat exists for one reason and one reason only, to gather more nuts than he can ever possibly eat in his entire lifetime. He pursues this calling with a tenacity that makes Wile E Coyote look like a hobbiest who only chases road runners on the weekend.
Scrat is so utterly obsessed and consumed with getting just one more little acorn he will risk everything, including his own life, to get it. As a consequence he destroys everything, the very ground he stands on – even entire continents – just so he can add one more measly nut to his stash.
The problem is, this sort of blind greed and obsession will always lead to ruin. more »
Biz Guru : October 15, 2011 11:41 am : Making Money
Previously we discussed assets and liabilities and how, given the current economic turmoil, differentiating between assets and liabilities isn’t always an easy thing to do.
For example gold is an example of an asset because it’s valuable and because, for now at least, its value is rising. On closer inspection, though, its value is actually based on anything other than its current valuation. Given the speculative nature of the gold market that valuation could plummet dramatically, thus becoming a rather expensive liability. more »
Biz Guru : September 22, 2011 10:56 am : Making Money
Not all properties are assets
You can’t take two steps these days without bumping into someone who has a
“secret method” to get rich quick and wants to sell it to you. This is a prime example of a liability dressed up as an asset.
Fact is the real secret to wealth generation is being able to make that very distinction; the difference between an asset and a liability.
Building wealth, in other words, is all about building assets. You must accumulate as many assets as you can whilst avoiding liabilities like the plague. more »
