Entrepreneur, writer and podcast publisher Darius Foroux “How do I make more money?” he realizes that his question is often asked to him by people and claims that he will give 5 good suggestions about it in exchange for 5 minutes. We are listening to him from himself…
It’s not that hard to make money. You’re probably getting your paycheck every month right now. This shows that you already know how to do this job, doesn’t it? That’s one of the first things we need to learn about money. You should see making money as something that you already know how to do. Now, let’s get to the topic of making more money on your own. This is the next step.First of all, you may think that this is impossible.
But if you keep thinking like this, you’ll never make it. You have to stop thinking that only the privileged or lucky people can earn more. This is not only a wrong way of thinking, but also self-sabotage.
Start With A Reason
What is your reason for earning more? People need realistic and immersive reasons such as “being able to live your life” to earn money. Because this is a difficult task for them, and many of them give up quickly. But those who have a strong urge to make more money are most likely succeeding. And what is your impulse? Pay off your debt? To offer a good life to your children, your parents, your family? Own your own business? To have more resources? It is a good strategy to ask yourself questions starting with the letter W (who, where, when, what). Tim Ferriss says the following about this:
“Money is multiplied in practical value depending on the number of W’s you control in your life: what you do, when you do it, where you do it, and with whom you do it.”
When you are conscious about making money, you will not have the problem that money addicts have. Some people can never be content with the big money they earn. With this in mind, I have compiled a list with 5 ways to start making more money. You can do these things full-time, part-time, or for only 1 hour a day.
1) Turn your knowledge into money
Converting information into money is different from all the other small businesses that bring money. It is one of the fun, relatively easier and most valuable ways to earn money. This job is on top of all the jobs that require your advice, knowledge and skills. It is called “monetizing knowledge” worldwide.”I’m not an expert,“ “But I don’t know anything.” I seem to hear what you say. I don’t believe in that. It’s about the way you think. Because almost everyone has talents and strengths. Secondly, if you think you’re not that good, improve yourself.
It’s that simple. When you have a certain knowledge, go and help others with this knowledge. Give advice (counseling), write a book, teach a group of people something, coach, do something for others…
You name it.You can create an idea about it and work on it yourself or with others. To get started, check out the institutions and people you can get help from, consult with.
2) Don’t spend money on stupid things
It’s not surprising that Warren Buffett’s No. 1 money rule is “never lose money”. Let this rule come to mind when you lose money that you can easily keep.Do not follow money trends blindly. Every year, there are new trends that everyone is talking about. Don’t spend money on these. Do not spend money to organize an extensive birthday party for yourself or someone you love. Or because everyone is leaving, you don’t need to take a vacation in that expensive city this summer either.
In fact, at such moments, the opportunity to save money presents itself. When you are about to buy something, the moment you think, “This is too good to be true,” walk away from that purchase. The future you will thank your past self for this.
3) Real estate does not mean just buying and selling a house
If you want to get into this business, do your research well. It is quite possible to make money here. Most people say, ”Real estate is for the rich.” Never believe this.Buying and selling a house is not the only way to make money from real estate. Do you have too much money saved up? Rent a house in a city you know, in a great location. Then try renting this house daily, weekly.
Remember: housing is a basic human need. Therefore, instead of thinking too big, you can focus on small and effective opportunities in the real estate sector.
4) create a product in 48 hours
Create a product. Something simple, but worth money…Most aspiring entrepreneurs think that creating a product is a very complex process. They want to innovate and create new products. Of course it’s great! But why not start with something simple? With something that you can get from a nearby place, a factory, Jul?
If you want to create a product, give yourself the following limitation: what product can I design and produce in 48 hours? This limitation will prevent your product from becoming complicated. So focus on things that you can easily create and sell. When you do this, you can also improve your design, sales, marketing and procurement skills. You can also use it in your future studies.
5) Buy and sell what you know
Buying and selling is the easiest way to earn cash and help people get what they want. But most people think they can buy and sell everything.
It’s all about demand. You need to know what people want. For example, old watches have become popular in the last few years. I like watches, but I have no idea what is in demand and what is rare.But if you do, you can make money by buying and selling these watches. This also applies to other objects in the world. In short, you must act according to the demand.
Final Thoughts
The times when I generated the most money and value were the times when I focused on one thing. Know everything about what you are doing. If you think about it, you can only do it when you focus. It is impossible to know everything about everything.So, do you want to earn more?
Choose something you like and are good at. Then start. Thanks to this, excuses such as “I don’t have time” will disappear. You will save time. Just like you make money. He spoke.
You can also share your thoughts with us in the comments.
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