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When you break it down: this is how you get RICH.

Discussion in 'Making Money' started by killer2021, Apr 18, 2011.

  1. killer2021

    killer2021 Regular Member

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    1. Create product/service
    2. Sell product/service
    3. hire others to automate step 2.
    4. (if have investment money) hire people to create step 1.

    Hopefully you make a profit at the end of the day. When you break it down this is basically how you get rich. You create high quality unique product or service that brings value to your clients. Then you market the hell out of that product or service or you get others to sell it for you. Rinse and repeat. I'd say commit to the idea for at least 5 years. If you can't make that commitment, then you need to find an idea that you know you can commit 5 years. I say 5 years because if you aren't a success in 5 years then chances are the business/idea isn't in demand. Move on to something else if that is the case.

    How you don't get rich:
    1. working a job
    2. Creating anything that isn't original or unique
    3. doing anything thats, "get rich quick"
    4. working for other people

    If you are doing the above then chances are you are making SOMEONE ELSE rich, not yourself. Unless of course you are exceptional at selling stuff.

    This is important to understand: You have to be doing stuff that makes YOURSELF RICH, not someone else rich.
     
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  2. Autumn

    Autumn Elite Member

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    I think there would be quite a few wealthy lawyers, surgeons, executives, investment bankers etc who would disagree with you. Heck there are even programmers at Microsoft who are millionaires from contractual stock options. A guy I used to go to school with makes $1million+ a year and he's a goddamn accountant.

    I would say that the way to get rich is to: make lots of money and spend less than you earn. There's more than one way to skin a cat, and not everyone is built to be a marketer or business owner.
     
  3. lethallp

    lethallp Junior Member

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    Autumn remember this: Time is more valuable than money! Passive income is good, exchanging your time for money no, i dont care the career