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The Art Of Money Making

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In the immortal words of the great Zig Ziglar, "Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale" I am going to, in this article, refine your understanding about money. One of my greatest insights and valuable observations is to accept that money is not all the same. There are different species of money, you can divide money into 3 groups. Fast money, hourly money and credit money. The first is not based or connected to time, the other two are completely based around time.



Immediately we can observe when looking at these three species of money that one is very desire-able and the other two are worse and much worse. One stands head and shoulders above the other two and is the key to wealth. The other two lead to a life of daily roil and the poor house respectively.

Credit money, money you borrow to buy certain pleasures in life is the worst kind of money. Not surprisingly it is very closely connected to "hourly money" because to get credit money you must prove that you have hourly money....a job. Then you can have access to credit money.

The point of credit money is to exchange time for the interest you pay. In other words, you can buy that car today and pay for it later. For a compounded interest rate of 10% to 20% you buy tomorrow's savings today. For people that prefer "hourly money" this type of transaction can seem highly desire-able. You don't have to wait 5 years to save for that car because you can have it now. The problem with "credit money" is the same problem that one gets with "hourly money" but much worse. Not only are we selling our precious time for money, but now we are selling and committing tomorrow's time for money today.

Hourly Money is the most obvious way to make money for people. Hourly labor for hourly money. 90% of the worlds population gets their money this way. A very inefficient way to get your money but you get it for sure. Security of a pay check is the number one reason why people strive to get hourly money.

Before reading this article, you may have never even thought about the three species of money. You may have not even considered that there is another type of money but hourly money and credit money. But there is. Fast money is what the 10% wealthy people strive for. The financial owners of planet Earth, the 10% cream of financial circles create money they dont work for it.

Fast Money - The art of authentic creation The art of fast money can be boiled down to one specific and it's that it's not connected to time. In this strange world, $100,000 in 10 minutes is nothing unusual. A million dollars in an afternoon is typical. $30,000 in 2 days is nothing special. You may balk at these time frames and amounts but that is the point of this species of money. The TIME component is totally irrelevant.

So if hourly money and credit money are intrinsically centered around time...what is fast money centered around?

SOLUTIONS

Fast money is not made by mindless time counting. Fast money is made by delivering solutions. An example of this can be found in the old dentists joke. A guy goes in to have a tooth removed and the dentist tells the fellow it will cost $1200 to remove. The fellow replies, well how long will it take? The dentist replies 2 minutes. The poor guy is incredulous, you mean to tell me that you want $1200 for 2 minutes work? The dentist replies, well sir, if u want me to take an hour doing it I can do that too.

You see the old fellow needed a solution to his problem. The dentist had that solution and had the tools to achieve the solution in 2 minutes. The fellow wanted a solution to his problem and THAT is what he was paying for, not the time spent, as his dentist adeptly pointed out.

Fast money and the art of finding and getting fast money can be found by finding people with urgent and pressing problems.

To get involved in this amazing fast money world, you must seek out these types of people. Find these types situations and begin providing your own unique and authentic solutions to get paid fast.

If you want to find thouands of Million Dollar Corporations with problems that need your help right now.
The Art Of Money Making
Most entrepreneurs grew up learning about money management from their parents. These people started their first businesses before they graduated high school, and rarely had time to stop building wealth to go to university or follow the crowd. Everyone has seen them, the family sitting at a restaurant while dad is using the son's French fries to explain a marketing strategy from a third year BS program.

These kids learn the basics of compound interest, investment strategies, and building portfolios, the things they are not taught in school.

The rest of the population grew up in homes where father's income was a well guarded secret. When the child asked to buy something, instead of receiving a fiscal responsibility lesson, they were met with a blatant ?money don't grow on trees? slam. The average child graduates high school, and even university, without understanding how much taxes they must pay, the annual cost of living, or even the real numbers behind inflation.

At the most, these kids are given an allowance and told to ?make it last? without ever being encouraged to save. This has created the ?consumer culture? and the ?debt culture.? These kids grow up believing money is good for one thing - spending. They also grow up believing that you borrow money for what you want, and worry about paying it back - later.

There are two ways to identify each of these groups. In the first group, children earn the money needed for their education, or, their grandparents pay for the grandchildren's education. This gives the parents another 30 years of compound interest, and prepares them to support their grandchildren.

The first group includes multiple success stories in their family. There is very little bickering about wealth, it comes, it goes, and it can be generated again. There is no fear of poverty because the estate, or capital, is never invested. Only the interest is invested, and time is invested instead of money.

The second group is dominated by parents who pay for their children's education. When asked why, they merely comment with something ambiguous like ?that is how it is suppose to be done.? There are no entrepreneurs in the family, except a cousin who invests in every ?get rich quick? scheme he finds, or an aunt who buys lottery tickets.

Children party through school or work at the corner store, never realizing the potential income they could be using if they exerted a little creativity and stepped ?out of the box. When not working, these children are doing one of three things: entertaining themselves, socializing, eating.

Redefining Your Future

The Money Making Mindset can be learned in childhood, but it can also be learned as an adult. It may take a little tightening to correct mistakes made in the past, and it may require a little patience until short-term debts are paid, but it is possible.

A life coach is the quickest and best way to reset a person's basic mindset. They work with clients daily, helping to change their priorities and values.

Self teaching is also a good method, but requires major determination and patience. The fact is, no one needs to accept the fact that they cannot generate wealth.

A mentor can also help, if available. Mentors differ from life coaches in the fact that they often create a community and offer a package of products that can be used to generate wealth. They are also big on education and enlightenment.
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About Author
Both Arthor Pens & Mark Walters are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Arthor Pens has sinced written about articles on various topics from Affiliate Programs, Pets and Pets. If you would like to read another great article from this author, click here to read,
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