AlvaroWalls
New member
These are the 3 Ways to earn money in your life - Which one do you choose?
There are only 3 ways to earn money throughout your life, and you must choose how you will do it.
1. First way: Exchanging time for money.
We are talking about working for someone else, which is basically choosing to offer our time in exchange for money. There is nothing wrong with looking for life in this way, because really, empires are built thanks to the fact that an entrepreneur is able to find people who join his company and who work for him.
If there are not people willing to exchange their time for money, it would be very difficult for us to maintain the figure of the entrepreneur.
Of course, this way of making money, from an investment point of view, is very risky. In other words, we teach an investor that he cannot put all his eggs in the same basket, because if the investment goes wrong, he is left with nothing. And that happens with work for others. We put all our time and future in a job. We load debts on account that in the coming months will compensate our time with a payroll. We plan for the future with the expectation that we will receive a check from our employer.
In other words, we have bet everything on this investment. If tomorrow the company closes, there is a workforce restructuring or, simply, your boss decides to fire you, the problems begin in your life and you must resort to looking for another place where you can exchange your time for money again.
2. Second way: Invest money to earn money.
Sounds good. Many of those who use the exchange of time for money, save to be able to switch to this form. Only a few, the truth, because the truth is that most cannot save anything by not having a financial plan. That is, they adapt their standard of living to their income.
However, to earn money this way, you had to go through the first way. Basically we are talking about using money that we have so that this money generates more money, either with investment in the stock market, investment in real estate, etc.
3. Third way: Multiply the time to multiply the money.
But how? If we all have the same time. This is where, on the one hand, we can use leverage, which is the main feature of people who earn the most money. We may use other people's time, other people's resources, and other people's contacts. We could also call it creating a scalable model, which is basically that with the same time and effort we can increase our income.
But in this way also comes the creation of different assets to have various sources of income. And the truth is that today, thanks to the internet, creating assets that generate passive income is easier than ever. However, do not forget that the best asset there is is having your own business.
And this is the way that only 1% of the entire population chooses and that they manage to get hold of more than 40% of all the money in the world. This group apparently assumes more risks than those of the first group, and we could even say that they spend more time in the beginning, but in the long run, it is a safer way to earn money, especially when you generate different income routes or several Business. They are responsible at all times for their situation, and do not depend on a third party misdirecting the company or being fired.
And without a doubt, when someone asks how you can make money without doing anything, asset generation is one of them, but don't be fooled. You have to do a lot, you have to work a lot, because as the saying goes, "to earn money while you sleep, you must first go without sleep for many nights."
So these are the only ways you can earn money in your lifetime. And you can choose how you want to do it with its risks included.
There are only 3 ways to earn money throughout your life, and you must choose how you will do it.
1. First way: Exchanging time for money.
We are talking about working for someone else, which is basically choosing to offer our time in exchange for money. There is nothing wrong with looking for life in this way, because really, empires are built thanks to the fact that an entrepreneur is able to find people who join his company and who work for him.
If there are not people willing to exchange their time for money, it would be very difficult for us to maintain the figure of the entrepreneur.
Of course, this way of making money, from an investment point of view, is very risky. In other words, we teach an investor that he cannot put all his eggs in the same basket, because if the investment goes wrong, he is left with nothing. And that happens with work for others. We put all our time and future in a job. We load debts on account that in the coming months will compensate our time with a payroll. We plan for the future with the expectation that we will receive a check from our employer.
In other words, we have bet everything on this investment. If tomorrow the company closes, there is a workforce restructuring or, simply, your boss decides to fire you, the problems begin in your life and you must resort to looking for another place where you can exchange your time for money again.
2. Second way: Invest money to earn money.
Sounds good. Many of those who use the exchange of time for money, save to be able to switch to this form. Only a few, the truth, because the truth is that most cannot save anything by not having a financial plan. That is, they adapt their standard of living to their income.
However, to earn money this way, you had to go through the first way. Basically we are talking about using money that we have so that this money generates more money, either with investment in the stock market, investment in real estate, etc.
3. Third way: Multiply the time to multiply the money.
But how? If we all have the same time. This is where, on the one hand, we can use leverage, which is the main feature of people who earn the most money. We may use other people's time, other people's resources, and other people's contacts. We could also call it creating a scalable model, which is basically that with the same time and effort we can increase our income.
But in this way also comes the creation of different assets to have various sources of income. And the truth is that today, thanks to the internet, creating assets that generate passive income is easier than ever. However, do not forget that the best asset there is is having your own business.
And this is the way that only 1% of the entire population chooses and that they manage to get hold of more than 40% of all the money in the world. This group apparently assumes more risks than those of the first group, and we could even say that they spend more time in the beginning, but in the long run, it is a safer way to earn money, especially when you generate different income routes or several Business. They are responsible at all times for their situation, and do not depend on a third party misdirecting the company or being fired.
And without a doubt, when someone asks how you can make money without doing anything, asset generation is one of them, but don't be fooled. You have to do a lot, you have to work a lot, because as the saying goes, "to earn money while you sleep, you must first go without sleep for many nights."
So these are the only ways you can earn money in your lifetime. And you can choose how you want to do it with its risks included.
