- Ebay Power.
around your house that you can sell on eBay. It will help cut
down on clutter and add some money in your pocket.
- Use the law of supply and demand to your advantage.
demand--the more there is of something, the cheaper
it is; conversely, the rarer the product or service,
the more expensive it is. However, other than when
we get to a toy store before sunrise to get on line
for the latest fad toy that kids can't get enough of,
we don't really apply the law of supply and demand to
our own lives--particularly our careers. For example,
if you're aspiring to do something that many, many
other people want to do (so much so that they do it
for free, as a hobby) then it will be far more
challenging for you to make money doing it. On the
other hand, if you do something that most people
don't want to do, or if you get very good at doing
something most people don't do all that well, then
you can make a whole lot more money.
In other words, choose a career in pharmacy over photography.
- Cut expenses
Packing lunch to work few days a week could save you $50/month.
Shop around for car insurance: You could save hundreds a year.
- Recognize that time is money
is attributed to Benjamin Franklin, who was an accomplished
American inventor, journalist, printer, diplomat, and
statesman--the ultimate multitasker. Your ability to manage
your time (and stop procrastinating) is a critical ingredient
in your ability to make money. Whether you have a job or are
self-employed, keep track of what you're spending your time on.
Ask yourself "Which of these activities make the most money,
and which of them are a waste of time?" Do more of the former
and less of the latter, simple as that. When you're focusing
on high-priority tasks, get the job done well, and get the
job done fast. By working efficiently, you're giving your
employer or clients more time, and they'll appreciate you for it.
Remember that time is a limited resource that you're always investing.
Will your investments pay off?
- Long term goals to making money
degrees do help with making more money. Even certificate training
could help you land higher paying jobs.
- Be proactive
Make plans, complete with as many calculations as possible, then anticipate
everything that can go wrong. Then make contingency or backup plans for each scenario.
Don't leave anything to luck. If you're writing a business plan, for example,
do your best to estimate when you'll break even, then multiply that time frame
by three to get a more realistic date; and after you've identified all the costs,
add 20% to that for costs that will come up that you didn't anticipate.
Your best defense against Murphy's law is to assume the worst, and brace yourself.
An appropriate amount of insurance may be something worth considering.
Don't forget the advice of Louis Pasteur, a French chemist who made several
incredible breakthroughs in the causes and prevention of disease: "Luck favors the prepared mind."
- Redefine wealth
learn that most millionaires aren't doctors, lawyers, and corporate
leaders with big houses and fancy cars; they're people who religiously
live below their means and invest the surplus into assets, rather than liabilities.
As you're taking the above steps to make more money, keep in mind that increased
income does not necessarily equal increased wealth. Most people who flaunt their
wealth actually have a low net worth because their debt to asset ratio is high--in
other words, they owe a whole lot more money than they actually have. All of the
previous steps have outlined aggressive strategies for making money, but you'll
never get anywhere if you have a hole in your pocket.
Information about product and business opportunity with Alpha Lipid- visit http://www.alphalipidasia.com
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