Every raise that you get in your salaried income will be just about accounted for before you even get it; as life naturally gets more and more expensive, you will find the raises in an already-high salary to never be enough. No, the key to how to make money is to not define making money as having a high salary. The key to really making money is to make money in lump sums. Whether that means commissions or it means creating something and then turning around and selling it, these lump sums are the secret inside how to make money.



Take a business entrepreneur as an example. Someone who starts a small business that is bound to be a huge success will be able to sell the business for much more than the business was created for. Even if you throw in all the time one spends developing such a business, it will always be the case that the business sells for more than the amount you put into it.

Of course, this is only true for the most successful and ingenious of businesses. Certainly, starting a business offers absolutely no guarantee of making money, and in most situations, you won't make much money. However, if you make the right business at the right time, and accept an offer to purchase the business when it comes at the right price, you will be among the group who really know how to make money.

Teenager Ashley Qualls is a good example of such an entrepreneur. Ashley created a business with $8 only a few years ago and has since turned down several offers she's had from those looking to purchase the business for more than a million. She hasn't sold it; she's interested in running the business, not in making money off her idea to start it in the first place. The essence of how to make money in this way is to be a ruthless entrepreneur.

The best entrepreneurs know how to make money and they are notoriously good at choosing the right moments to start businesses and to sell them. If you think you have an amazing idea, don't wait too long before you start developing it; someone else is bound to come up with the same idea sooner or later and they will be the one making money off it if you don't act on the idea early.

This is an important secret in how to make money: the best entrepreneurs follow their gut feelings about businesses and situations. Try your hand at it where the stakes are low and if it looks like your intuitions are good, you can slowly make your way up to larger transactions and higher stakes. If your intuitions are good, you'll be advising people on how to make money as an entrepreneur in no time!