How to make more money

by Eric on April 30, 2009

There are so many angles for getting/keeping money. Legitimate investments and arrangements like stocks, bonds, options, futures, derivatives, commodities, arbitrage; real estate, commercial real estate, REITs; savings accounts, IRAs, Roth IRAs, HSAs, 401Ks, 403Bs, 529s; I could fill up this page with various financial instruments intended for wealth maximization. And that’s not a bad thing. I’ve spent considerable time and effort learning about these instruments and employing them for my own ends. They have their place.

There are also schemes, cheats, and tricks. These mostly involve fooling customers, cheating on taxes, skipping out on debt, etc. These are for losers. You can’t prosper long term by cheating.

Over the long term, your economic reward will likely be dominated by one component: the value that you deliver to others. (There are exceptions – Gandhi, Mother Teresa, etc.) Don’t waste your energy looking for a shortcut. Stop trying to work the system. If you want more, earn more. Focus on maximizing the value you provide to others and the money will follow.

{ 1 comment… read it below or add one }

Gabriel January 23, 2018 at 5:18 pm

When I was just 18 a wealthy grand-father shared with me his life`s story. He started by telling me how he ran away from heavy-duty farm work to live in the city. His 1st job was as a elevator operator where he befriended two lawyers who assigned him to office work. He learnt their business of opening companies, and eventually started his own office. Years later he bought a hotel, and “went dancing.“ Afterwards he sold it to purchase a mine which he eventually sold also. His last venture was asking for a permit from the central government to import tires from Argentina. When I asked him why he thought everything worked out he simply replied “I was lucky.“ I didn`t understand the moral of his story until years later when unfortunately I had written my own. But, if I could share on it today with other 18 year old`s. Is that instead of going to your wealthy grand-father expecting him to pay for your college. Know that you`re that young kid who just fled the country..

Leave a Comment