5 questions that’ll help your buying decision process

Buying decision processHow can you be expected to save money when you don’t earn enough to make ends meet as it is? I’m guessing you may have asked yourself that question at least once dear reader? If you have, you’re not alone. It’s a common cry.

However, whilst some people may struggle financially, it’s also true that far too many people squander their money buying items they don’t need and probably will never use, often in an attempt to impress people they don’t even like.

For such people, their buying decision process is usually limited to whether they still have enough credit left on their credit cards.

Well, the mantra “Have Plastic; Will Purchase” is not a good one if saving money is one of your goals.

You can earn a decent income and yet a lack of money management skills and a poor buying decision process will result in you never achieving financial freedom. In fact, poor money management skills will condemn you to a life of being poor.

So it’s essential that you learn to manage your money properly if you want to avoid long-term poverty.

Avoid the ‘I’ve got to have it’ approach:

Now be honest with yourself, how often do you buy things you didn’t really need?

Stuff that you weren’t even looking for but it was there and it looked nice and you thought I’ve got to have it. Out pops your ‘flexible friend‘ and the item is yours. A brief period of gratification follows and then the item is largely forgotten.

How often do you buy things you never use?

Take a look at your wardrobe. I’ll bet there are a few items in there which still have the store tags on them? Never used and they’ve probably been there for quite some time I suspect? Would I be right?

I’ve got to have it‘ is a great way to waste all your money. With this approach, you’ll enrich other people at your own expense. Now how could that possibly make sense?

Credit cards: Weapons of mass wealth destruction

How often do you buy things you can’t afford with money you haven’t got?

It’s true, credit cards can be a convenient means for making payments of course but they can also be weapons of mass wealth destruction. That’s a fact dear reader.

When it comes to the buying decision process most of us are driven more by a desire for gratification than any sensible approach to managing our money carefully.

Most of us are guilty of buying more than we need. Many of us are guilty of buying items we seldom use, if at all.

If you’re like this dear reader then you’re not alone I can assure you. However, that’s not a good thing.

The disciplined approach:

However, with a bit more discipline you could hang on to more of your own money and then build capital which, eventually, will start generating an income all of its own through interest payments on deposits and bonds and dividend payments and capital growth on stocks and shares.

Still, we’re getting ahead of ourselves.

The underlying message I offer you today dear reader is that you should establish for yourself a buying decision process that will allow you to control your expenditure.

Essentially before you buy anything you need to ask yourself a series of tough questions to gauge whether the purchase really does make good sense.

And what are those questions?

The questions to ask before making any purchase:

There are in fact five questions you should ask yourself before making any purchase, as follows:-

    1. Do I really need it? Honestly?
    2. Will I really use it? Honestly?
    3. Can I really afford it? Honestly?
    4. If I didn’t have it would it really matter?
    5. Does it represent good value for money?

If you answer ‘No’ to the first four questions, the fifth question is irrelevant. A negative on all or even most of the first four questions means, don’t buy the item. Simple!

And even if you do think you need it, never buy anything if you do not have the money to pay for the item right now. Never, ever incur debt for a discretionary purchase.

It’s better to do without than to run up debt on a credit card to pay for discretionary purchases.

The compounding effect of high credit card interest rates can quickly turn a small debt into a large one.

The ‘value for money’ question is only relevant when you can answer every other question in the affirmative.

Nevertheless, you should never buy something that’s not also good value for money. That is, you should never overpay for anything. Overpaying means the price is inconsistent with the value on offer.

Buying Decision Process 2Let the answers to the questions guide you:

To ensure your buying decision process is sound you must always ask these questions.

Let them be your purchasing guide and you’ll be in a better position to start saving money and watch it grow. Once it starts growing you’ll be on your way to building your own personal wealth.

 

Please share this post with your friends:

Did you find this article interesting and useful? If so, then please share it on social media with your friends. When you share, everyone wins.

So please share it now. If you do I will be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles that might appeal to you:

Copyright © Mann Island Media Limited 2022. All Rights Reserved.

How serious money is made through self-employment

self-employmentToday I thought it would be a good idea to consider how serious money is achieved through self-employment, rather than working as a wage slave.

There are many ways to make money dear reader and they all have their merits.

For instance, if you get a job with a big corporation potentially you’ll earn a decent income and you’ll enjoy a few fringe benefits too.

And if you get a job in the public sector the pay may not be quite so good but the pension scheme is usually the best you’ll find anywhere. And of course, working for the Government is usually a fairly secure form of employment too.

If you become a wage slave in any sector you can make a living, and sometimes that can even be a decent living as well.

However, unless you work on Wall Street or for an investment bank in the City of London, you’re unlikely to make a fortune. Unfortunately dear reader, that’s one of life’s facts.

The road to serious money:

So, if your aim is to make serious money then you should consider self-employment.

And the good news is we live in an age in which becoming self-employed has never been easier or cheaper. As a result of the Internet, there are so many opportunities that were simply not available to previous generations.

And the best news is, you don’t even have to give up your day job, not initially anyway.

You can start your own business as a part-time side hustle, initially, and keep it that way until the income your business is generating for you is sufficient for you to live on.

You can even start one business to generate extra cash and as it makes money you can invest that cash into bigger and potentially more profitable opportunities. The possibilities are endless.

The downside of being an employee:

As an employee, you’re trading your time for money and that’s fine. There’s nothing wrong with that if that’s your preference.

However, if your firm does well, you’re unlikely to benefit significantly from any extra profit they make. You might get a bonus but regardless of personal contribution, it’s more likely to be an incidental sum rather than life-changing money.

With your own business, you can be making money whilst you’re sleeping.

In fact, if you want to get seriously rich then you’ll have to find ways to start making money whilst you sleep.

Now dear reader I can hear you asking, but how do you make money whilst you sleep?

Let me give you some examples of online businesses where you could start with little or no money and start making money whilst you sleep.

Selling products online:

Through the Internet potentially you can reach most of the people on the planet, wouldn’t you agree?

Think about that for a second.

If you create a website or an online store then billions of people around the world will have access to it. And those people can access it whilst you’re asleep.

So the potential is there for you to create something that can be generating money for you 24 hours a day 365 days every year.

Still not convinced? Let me give you some examples of businesses you could start to achieve this goal:-

Selling on Amazon:

If you’ve ever bought anything from Amazon you’ll probably have noticed that they’re not always the actual seller of the item you’re seeking to purchase. Other suppliers sell their own products through Amazon via what is known as Amazon Marketplace.

And when third party suppliers sell products via Amazon they can also use a service known as Fulfilment by Amazon (FBA).

This means if you’re the seller, you simply deliver your stock of products to Amazon and they’ll handle all the logistics associated with product delivery to the buyer.

Fulfilment by Amazon (FBA):

If you want to sell products but you don’t want to handle your own packing, postage, and delivery then you can get Amazon to handle it all for you using FBA.

You can do it yourself of course but the point is that you really don’t have to because there’s an easier way.

So you can just focus on finding products that will offer solutions to the problems your target customers may have and then you just let Amazon do the rest.

And remember this; those products don’t even have to be new. They can be ‘second-hand‘ or used items too.

Second-hand products:

As long as you can find a suitable niche in second-hand products then there’s money to be made there, for sure.

Let me offer you an example.

Each year graduating students have textbooks to sell. Maybe you’ve had that experience, dear reader?

Essentially such students just want to get some cash back for those books they’re unlikely to read ever again.

The shrewd entrepreneurs recognize that there’ll be a ready market for those very textbooks at the start of the next academic year. New students are always looking for ways to obtain course textbooks at a better price.

So entrepreneurs offer selling students a quick way to turn their textbooks into a little cash.

And then buying students will be sold those same textbooks at a rate which will save them money on the price for the same book had it been bought new.

Set up a website:

Thus the entrepreneurial you can set up a website to attract booksellers and then through Amazon Marketplace the books you’ve bought cheaply can be sold at a profit.

And in that way, you can create a profitable second-hand book business.

You could repeat the same trick with music such as vinyl records and CDs, as well as films on DVD. Second-hand smartphones, tablet computers, and other technology items offer another entrepreneurial possibility. And don’t forget there’s demand for second-hand clothes as well.

Alternatively, you could source your own products, e.g. skincare products, cosmetics, household products, and so on and then you simply sell those via Amazon.

Plenty of people have created successful businesses with this approach I can assure you. 

Selling on eBay:

When people sell stuff at a boot sale or a yard sale, they usually sell at very low prices simply because they price items for a very quick sale.

This is stuff they need to get rid of as quickly as possible for whatever reason. And in that, there’s a potential opportunity for those with an entrepreneurial spirit.

You buy these items cheaply and you then resell them on eBay for profit.

More importantly, people sometimes sell valuable stuff at boot sales and yard sales for ridiculously low prices because they didn’t realize the real value of the item.

On the British television show Flog It, I saw a woman sell an antique vase at auction for £800 having originally bought it at a boot sale for just £1. Now that’s a very nice profit.

Yes, such examples would be the exception but shrewd people can and do make money this way and eBay is a great vehicle for doing so.

Affiliate Marketing:

Affiliate marketing is ‘commission only’ selling.

It works through an idea known as content marketing. The idea is that if you can direct traffic to a product seller’s website which results in a sale then you’ll get paid a commission for that sale.

The amount of commission can be as low as 4% or less from the Amazon Affiliate Program to as much as 75% from some items offered through programs like Clickbank and Commission Junction (or CJ).

The idea is that you create a website in a niche of your choice, generate content on known problems for which people are searching for solutions, and then recommend a product as part of the solution you offer. Then you include an affiliate link to that product and you’ll get a commission every time a sale is made.

How do you achieve this in practice?

Well despite its relatively low commission rates Amazon offers the easiest opportunity for the beginner. You sign up for the Amazon Affiliate Program and then identify a suitable niche that interests you.

Let’s say that niche is budget-priced sports shoes for women. Now the niche does need to be focused and quite narrow. The category ‘Shoes’ would be a bit too wide. You need to think about categories for which people will be searching via Google and other search engines.

Once you decide on a niche, you then create your own website publishing say reviews of a variety of those sports shoes for women.

And remember; those reviews don’t have to be your own necessarily. They could be a summary of various reviews you’ve read elsewhere with an overall rating based on what others have been saying. In other words, you’ve done the hard work for readers by providing them with a comprehensive summary of all the reviews out there and then providing a convenient link to Amazon so that they can easily make their purchase

Creating a review summary by curating input from other sources is perfectly legitimate as long as you acknowledge the different sources which form the basis of your article.

Why review sites are a good idea:

Review sites work with affiliate marketing because they capture buying intent and that’s important.

If someone searches for a review for an item on Google then the chances are they will buy if the reviews prove to be positive.

When producing your review articles the crucial action is to embed affiliate links within the text.

Getting readers to click on those links and taking them to Amazon is how you’ll make money. If they buy within 24 hours of clicking on a link then you will get paid a commission.

Amazon commissions vary depending on the number and type of sales for which you are credited each month.

So in choosing a niche you must think about product value too. Generate low-value sales and you won’t make much. However, sales for items with a bigger price tag can prove very lucrative.

That said generating some low-value sales can be a way of pushing subsequent bigger ticket sales into a higher commission rate. So don’t ignore them completely.

Content Marketing:

Essentially content marketing is the idea of publishing web content in order to provide the means for promoting products and services. Content marketing is closely linked with affiliate marketing but not exclusively so.

There are two types of content you can consider, as follows:-

(1) Written Content:

For instance, if you’re producing regular content and publishing it on your own blog then there’s the potential to generate an income through advertising.

Now selling advertising space on your blog or website is only possible if you have substantial amounts of traffic. If you’re just starting out you will not reach those levels for quite some time. However, what is known as pay per click (CPC) advertising could generate money for you right from the start.

Perhaps the best known CPC program is one offered by Google Adsense. You sign up for this program, then embed Google’s links in your blog and they will insert advertising on your blog that is relevant to your content.

EZOIC is another excellent advertising opportunity for new content marketers and bloggers.

Every time a reader clicks on an advertisement you will get paid and it’s not purchase-dependent. Readers only have to click for you to get paid.

The trick with Adsense and EZOIC is to have a very narrow focus for your blog.

Here’s an example. Let’s say your blog is about how to keep chickens and deal with blights like red mite. You’ll attract search engine generated traffic from people desperate to deal with the problem of red mite. Google or EZOIC will insert ads from companies offering products that will help with this problem and desperate people are likely to click on those ads to see what’s on offer. They click you get paid.

As long as your subject matter is focused and narrow, and ideally based on a highly searched keyword or phrase, then this can be a way to generate decent money. However, the traffic levels to your blog will have an impact on how much money you can reasonably make.

(2) Video Content:

Another way to benefit from Google Adsense is to create your own YouTube channel, produce videos and again insert links from Google so that relevant pay per click advertising will appear on and around the video. Again if people click then you get paid.

Write eBooks:

Devices such as the iPad, the Kindle and other eReaders, provide you with the opportunity to self-publish your own eBooks and sell them through Amazon.

You may not be able to come up with the next Harry Potter work of fiction but there is good money to be made writing ‘How To’ books on just about any subject.

They don’t even need to be that long either.

As little as 50 pages or 8,000 – 10,000 words covering a topic of general interest can be enough to produce something that will sell for one dollar or one pound sterling. That might not seem like a lot but sell 1,000 of them and you’ve made a decent sum of money.

Write something on an evergreen topic and it could sell for years.

If you then write several eBooks like this, again on evergreen topics, that could become a decent income stream.

And what do I mean by evergreen?

These are topics for which people have always looked for solutions. That might be something like tips for good time management or how to lose weight, and so on.

And even if you’re not an expert you can research the necessary information and pull it together for people. Essentially you will be doing the work for your readers.

Develop Apps:

If you can learn to write code, and of course, you can learn to write code, then you can also learn how to develop apps. If you can develop a killer app and sell it through the App Store then you can make serious money.

And a great app might attract a corporation to buy it for big money. By way of an example, the app Wordle was sold to the New York Times for in excess of $1 million. That’s a decent payday, don’t you think?

OK, so you’d love to develop an app but you don’t know where to start, right?

Well, there are endless videos and tutorials on YouTube and from these, you can learn how to code and develop apps.

Yes, there’s some work to be done upfront of course.

However, a good app will generate money for years to come. Just think about apps like Candy Crush Saga.

Produce something which becomes a real fad and there’s serious money to be made.

11 things to bear in mind:

If becoming self-employed appeals to you and you fancy making money as an online entrepreneur then here are 11 things you should bear in mind:-

  1. Know your target customers.
  2. Know your target niche or niches
  3. Know your strengths and interests?
  4. Apply your strengths and interests to serve customers
  5. Recognize that different markets need different strategies.
  6. Make sure you’re capturing buying intent.
  7. Create an image that will appeal to your target audience.
  8. With a website, traffic matters.
  9. Search engine optimization (SEO) will bring traffic.
  10. Getting backlinks from other websites will help with SEO.
  11. Be determined, work hard, and learn as you go.

6 things you must do when you’re self-employed:

(1) Register with the tax authorities: Make money by all means but pay your taxes too. Upsetting the tax authorities is not a good idea dear reader wherever you live. In some countries, tax regimes are more benign than in others but it’s always better to keep the tax authorities happy.

(2) Register for sales taxes and VAT: Again it’s all about paying your dues. If you do well financially then you have an obligation to share some of your wealth with the rest of society. Taxes are the price we pay to live in society and you can’t have a successful business without the society in which you live.

(3) Get a separate business bank account: Keep your business activities completely separate from your personal life. This’s very important.

(4) Keep accurate and up-to-date records: You’ll need these in any dialogue with the tax authorities. You don’t want to end up paying more in tax than was necessary. Paying your dues is one thing; overpaying your dues is careless.

(5) Insure your business: When you’re in business, you’re required by law to have certain insurance policies in place. Exactly which policies you need depends on the nature of your business activities. Make sure you know your obligations and act accordingly.

(6) Keep it simple: In the early days, you don’t want to be spending money you don’t have on things that are initially unnecessary. So keep everything as simple as possible for as long as possible.

Conclusion:

Self-employment can be an attractive proposition and for most people, it is the only way you’ll ever make a fortune. It’s not easy of course but it can be done and you don’t have to ditch your day job to get started.

With an online business, you can start small and build it up over time. And you can mix and match options. For instance, you can start a website for making money with both affiliate marketing and Google Adsense or EZOIC.

A good review website can become quite profitable and once it’s generating revenues on ‘autopilot’ it can become an asset that you can sell for serious money. There are plenty of examples where such sites have sold for 6 and even 7 figure sums.

Don’t underestimate the challenges of course but it can be done and people do. Why not you?

So, think carefully about how best you can exploit the opportunities before you and then have a go.

Good luck and may you be the next Richard Branson.

Please share this post:

Did you find this article interesting? If so, then please share it on social media with your friends. When you share, everyone wins.

So go on, please share it now. If you do I will be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles that might appeal to you:

Copyright © Mann Island Media Limited 2022. All Rights Reserved.

What is grit and why is it important?

What-is-gritWhat is grit? I’ve heard this word a lot recently. And of course, the obvious supplementary question is, why is it important?

I’m referring to a term used in psychology to represent a positive, non-cognitive personality trait based on an individual’s perseverance of effort combined with the passion for a particular goal and a powerful motivation to achieve it. Allow me to explain.

Have you ever noticed that the smartest people are not always the most successful? Obviously, success can be defined in different ways but for most people, their measure would usually revolve around money and prestige.

If we take money as the measure for success, then you’d think the smartest people would easily come out on top on that score, surely? Yet you’d be wrong.

We hear stories frequently about college professors who struggle financially whilst at the same time tradesmen like bricklayers and plumbers become millionaires. How can that be?

Surely the smartest people have a natural advantage? Well, actually they don’t.

The people with the real, innate advantage are those with this quality known as grit.

So exactly what is grit? It is an inner steeliness. It is courage and resolve. It is a strength of character. It is drive and desire. It is passion and motivation. It is a willingness to persevere until the desired result is achieved. It is a determination to achieve a goal and a willingness to take calculated risks.

It is a fact that doing well in life depends on much more than academic ability and your capacity to learn quickly and easily.

Having those qualities is useful of course but in the absence of grit, you’d still be at a disadvantage.

Someone of average academic ability but with a shed-load of grit will be better placed to achieve real success in life.

What is gritPeople with grit intuitively recognize that life is a marathon, not a sprint.

They’re willing to experience failure because they know that failure is a temporary outcome, not a permanent position. And they’re willing to fail and then start over using the lessons they’ve learned from the experience.

So what’s the key to success? It’s the need to get grittier!

Angela Lee Duckworth makes this point admirably in this excellent TEDxTalk video and it’s well worth a few minutes of your time. It’s an interesting video and I think she nails the point perfectly.

That’s what I think but what is your opinion?

Could there be such an easy answer or is it all much more complicated? I’d be interested to hear your views.

Grit: The power of passion and perseverance:

Further Reading:

If you’d like to know more about grit and Angela Lee Duckworth’s ideas about the secret of success then read her excellent and Number 1 best selling book Grit: Why passion and resilience are the secrets to success.

It’s well worth the cover price and you can check it out if you CLICK HERE

DISCLOSURE: This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. There will be no additional charge to you in making that purchase. However these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers everywhere. Your understanding and support is truly appreciated, dear reader. Thank you.

Please share this post with your friends:

Did you find this article interesting and useful dear reader?

If so, then please share it on social media with your friends. When you share, everyone wins.

So please share it now. If you do I’ll be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles that might appeal to you:

Copyright © Mann Island Media Limited 2021. All Rights Reserved.

How to turn your yearly income into your monthly income

How-to-turn-your-yearly-income-into-your-monthly-incomeAre you one of those people who feel you should be earning more than you do?

Would you like to know how to turn your yearly income into your monthly income?

To have enough money to enjoy the lifestyle you’d love?

You’d like a greater income but you don’t know how?

Perhaps you feel that big money never flows to people like you?

A natural assumption perhaps, but it’s wrong.

With the right approach, you too can have a lot more money than you have right now. Yes, you can become truly wealthy.

The question is where do you begin?

Well, you can start by understanding the Law of Compensation. In the video included here the self-help guru, Bob Proctor explains that income is earned according to the Law of Compensation.

The Law of Compensation:

Bob explains that the Law of Compensation states that the amount of money you earn will always be in exact ratio to the following three points, namely:-

  1. The NEED for what you do.
  2. Your ABILITY to do it.
  3. The DIFFICULTY there would be in REPLACING YOU.

Now you have no control over points 1 and 3, so you must concentrate on point number 2. You must be constantly honing your skills and become a master of whatever you do.

That said, becoming a master of what you do is only part of the solution.

To earn more you must decide on your strategy for earning money. In the video Bob Proctor explains that there are in fact only three strategies for earning money.

The Strategies for Earning Money:

So what are the three income earning strategies? Bob Proctor describes these are M1; M2; and M3. In more detail that means:-

M1: Trading your time for money:

Essentially this is paid employment and it is the way that 96% of people earn an income.

The problem is that, unless you’re a Wall Street banker, you’re unlikely to get rich this way. In fact it probably explains why you’re not rich right now.

M2: Invest Money to Earn Money:

Assuming you’re working for the man as a salaried employee, you can start saving, and gradually as your savings grow you can invest your money in stocks, bonds and property and over time your investments will start generating an income of their own.

That’s great but you need to know what you’re doing and, if you have nothing now, it will take some time before you can start generating anything approaching a useful extra income.

Of course, should you have a large sum of money right now then this might be a solution but for most people it’s not really, which is why only around 3% of people make an income this way.

How-to-turn-your-yearly-income-into-your-monthly-income-2M3: Multiply your time with multiple sources of income:

Establishing multiple income streams is where you can start making serious money.

Even fewer people make an income this way, around 1%, but that has more to do with the fact that most people fail to recognize its potential.

Now let me make one thing clear, having multiple income streams does not mean working multiple jobs.

It means having income streams that will earn money for you even whilst you’re sleeping.

M3 is the income strategy that will help you earn far more than you earn now. Certainly, it will if you do it right.

Bob Proctor offers the example of Network Marketing (also known as Multi-Level Marketing) whereby not only do you sell products but you also create your own network of sellers which means when they sell you get a part of the commission generated on those sales.

The best network marketers have made a lot of money this way but it’s not the only answer to generate multiple streams of income.

The internet offers multiple ways of getting rich online nowadays.

For instance, you can use Amazon as a marketplace and sell products with fulfilment (delivery to the customer) handled by Amazon.

You can also generate commissions through affiliate marketing with Amazon, as well as others like Clickbank and Commission Junction (CJ). These can be great ways to make money whilst you sleep.

Blogging and Vlogging are other ways of producing income streams too.

There are numerous ways for the ambitious and determined. In fact, it’s never been easier for people prepared to put in the effort.

So listen to what Bob Proctor has to say and be inspired to take action now.

The Game of Money-Making:

Further Reading:

In the video, Bob Proctor makes reference to Think and Grow Rich by Napoleon Hill.

Think and Grow Rich is a classic of the financial education genre.

Originally written in the 1930s but it’s still around today and still popular and very relevant.

It’s still around for a reason. It’s exceptional and definitely worth adding to your personal reference library. It’s a ‘must read’ if you want to master the game of money-making.I have my own copy and you can take a look at the book if you CLICK HERE.

Bob Proctor himself has also produced some excellent self-help books too and you can take a look at them if you CLICK HERE.

DISCLOSURE: This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission, at NO additional cost to you. These commissions serve only to cover the cost of maintaining this site. Your understanding is truly appreciated dear reader. Thank you.

Please share this post with your friends:

Did you find this article and the video interesting and useful?

If so, please share it on social media with your friends. When you share, everyone wins.

So go on, please share it now. If you do I will be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles that might appeal to you:

Copyright © Mann Island Media Limited 2021. All Rights Reserved.

Why your personal philosophy for life really matters

philosophy-for-lifeAn article relating to philosophy sounds like it might prove to be a little heavy, doesn’t it dear reader? You might think I’ll be debating the merits of Plato, Socrates and other thought-leading philosophers. Not today, that’s for sure. My aim today is to consider the idea of your personal philosophy for life and why it matters.

Personal philosophy explained:

What do I mean by ‘your personal philosophy‘?

In this case, I’m not referring to the fundamental nature of knowledge, reality and existence, and philosophical thinkers, past and present.

By philosophy, I’m referring to your mindset, whether it’s positive or negative, and how you choose to see the world around you.

I believe personal philosophy really does matter.

I think how you choose to look at life and the world around you will influence your life experiences to a greater degree than you might expect. It’ll also influence how happy you’ll be.

A simple philosophy:

My own personal philosophy for life is simple.

Firstly I accept the world around me is the world around me. It is what it is. Stuff happens and I have little or no control over most of what happens. That’s just life.

Politicians will come and politicians will go. They’ll promise much but deliver very little, usually.

Philosophically I accept that which I cannot influence directly. I see little point in worrying about any of it. Why worry about stuff you can’t change?

In my experience, people will always look after their own interests first.

That’s fair enough if you think about it because why would they do otherwise? If people don’t look after their own interests then no one else will that’s for sure.

The underlying point here is that most of what’s happening around us is all just noise really. All we can do is work around it.

And basically, that’s what I try to do.

Work on improving what you have to offer:

I focus on my own interests and those of my family and I always do my best to protect what’s mine.

My family will always come first and I will do anything for them. Well, anything that’s legal, at least.

To do the best for my family I recognise that I have to be the best that I can be. To have skills and knowledge that will allow me to add as much value to my work as I possibly can.

So I take personal development seriously. That way the more value I can add the greater will be my income.

I’m a reader and a keen learner and I’m constantly working to add to my skill set and knowledge. Learning for me is a lifelong process, it never stops, and I will keep learning until I no longer have the energy to pick up a book.

Learning is an investment in yourself.

I believe that the better-informed you are then the better prepared you’ll be to excel in your chosen field of work. You’ll also be better prepared to seize any opportunities that come your way too.

Income comes from serving other people:

Let’s face it, dear reader, work is just doing stuff for other people in exchange for money. Through our work, we serve other people.

We work in order to generate income. And we generate income to put bread on the table and a roof over ourselves and the heads of our loved ones.

Whilst work gives us a sense of purpose and adds value to our lives, we should not live just to work. The idea should be to work to live. Well, I think so anyway.

philosophy-for-life-2Become financially independent:

We must work hard when we’re at work of course but we must enjoy life with the family as much as possible too. As they say, where I come from, we’ll be a long time dead.

My aim in life is to be financially independent with multiple income streams.

With multiple income streams, there’s a reduced risk of not having any income at all. Not having all your eggs in one basket makes a lot of sense to me.

Master the game of life:

Essentially I see life as a game. And my aim is to become a master of the game of life.

We must look after our own interests because no one else will.

We must be prepared to be ruthless when necessary. By that, I don’t mean being nasty or mean to people. However, if you don’t push hard sometimes, chances are you’ll lose out to those who are willing to make good use of their elbows.

My point is that we can’t afford to be overly sentimental and on occasions, in making the right decisions for us it may prove to be less favourable for someone else.

If that happens, that’s life I’m afraid. We must make decisions that are right for us.

Never lose sight of your own interests:

Sometimes you really have got to be prepared to use your elbows if you’re going to grab your fair share of life’s pie. Don’t be too willing to let other people go first. You might find there’s nothing left for you.

As always there’s a balance to be struck of course but never lose sight of your own interests and never do anything which works against your own interests.

There is no utopian place where all’s well and the sun shines every day. Life’s life. Some of it’s good and some of it’s not quite so good.

However in the end it’s what we make of it that counts. We get out what we put in. There’s no free ride for anyone. On Spaceship Earth we’re all crew.

Don’t let life steal your joy:

All you can do with life is deal with it as best you can.

Enjoy the summers but make sure you’re prepared for the winters too. There will always be winters. Winters always follow summers, so be prepared.

Enjoy the good times and when life gets difficult all you can do is take it on the chin and move on.

Worrying about anything you cannot control just steals your joy and spoils your day.

Life’s too short.

Do what you can, with what you have, where you are and most of all enjoy every minute because the years all go by in the blink of an eye. So don’t die before you’ve lived.

And always make time for friends and loved ones. Without them, you have nothing at all.

Please share this post with your friends:

Did you find this article interesting and useful?

If you did, please share it on social media with your friends. When you share, everyone wins.

So go on, please share it now. If you do I’ll be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles that might appeal to you:

Copyright © Mann Island Media Limited 2021. All Rights Reserved.

How to develop effective time management skills

time management skillsTime Management Skills:

Developing effective time management skills is an essential ingredient for success, I’m sure you’ll agree. You can’t add real value without making the best use of your time.

However making the best use is not always easy in practice, is it?

So, how good are you dear reader at managing your time?

Do you have a reputation for being ruthlessly efficient and productive or are you someone who’s always struggling to keep up?

When someone asks you to do something in the office, do you accept their request without question and simply add the task to your ‘To Do’ list? If you do, you’re not alone. Many people will do that in my experience.

Alternatively, perhaps you’re the type who thinks carefully relative to your priorities before you accept such a request? Now be honest. We’d all like to think we’re the latter, when in fact far too many people are the former I think.

Productivity is what really matters:

In the world of work it’s easy to confuse being busy with being productive but these two concepts are not the same thing at all, are they?

For instance, you can be busy doing things that don’t really need doing at all. Whereas being genuinely productive means delivering real results from high value tasks which can only be done by someone with your skills.

And let’s face it, reputations are built by being productive not merely by being busy. It’s the results you deliver not energy you expend that matter most.

Time is your most precious resource:

How often do you hear someone say, “Oh, I would love to do that, if only I had the time.

And yet we all have exactly the same amount of time, i.e. 168 hours per week.

Time is simply a resource like money, albeit it’s more important than money. I say that because you can get more money but you can’t get more time. None of can do that, can we?

So you must learn to use your time wisely. Time is your most precious resource, so you must develop effective time management skills.

High value tasks must take precedence:

Modern pressures mean it’s easy for us to try to do too many things. We can all be a bit like that, including me dear reader.

Our lives are cluttered with too many activities, too many objectives, too many distractions and far too many demands on our time.

The result is that we tend to lose focus on what really matters most and in the end we don’t do anything as well as we should have done.

In my experience, in most jobs you’ll find that 90% of productivity is down to completing the top three or four major activities within that job. What I’d call high value tasks.

If you take the top three major activities, the high value tasks, associated with your job and focus on those to the exclusion of just about everything else you’ll almost certainly maximise your productivity and efficiency.

Most common time management mistake:

The problem is, when we’re working, we seem to find it easier to focus on minor tasks and random actions requested by other people.

We feel obliged to accept requests from others. It’s a common mistake of which we can all be guilty.

Now, whilst tidying up all those minor tasks might make us feel like we’re achieving some quick wins we’re usually fooling ourselves.

By the end of the day we’re usually left with a sense that we haven’t done all we should have done and that leaves us feeling stressed.

And that’s when we start to think about how we might improve our time management.

We can’t do everything, nor should we try:

We must recognise that we can’t do everything but we can be selective about what we choose to do.

And if we’re going to get those major tasks of higher value completed then they must take precedence over those low value, minor tasks, which can always wait if necessary.

High value tasks should always take precedence over low value tasks.

Work smarter:

People often think of time management as a skill which would allow them to work faster. Well let me tell you this, that’s not the idea at all.

Effective time management skills allow us to work smarter, rather than harder.

Instead of getting lost in the minutiae of everyday life, with effective time management skills, we focus on and prioritise those things that will add most value to our productivity. In other words, we focus on high value activity.

The law of three:

So. if time management is an issue for you dear reader, start by taking a good hard look at your list of daily activities and ask yourself these three questions:-

  1. What single task can only I do and when completed by me will add the most value to the business?
  2. What’s the second task on my list only I can do and when I’ve completed it would allow me to add the most value to the business?
  3. What is the third task on my list only I can do and when completed by me will add the most value to the business?

Once you’ve identified your list of three major, high value tasks then that’s where your focus should be each day before you touch any other minor tasks or accept random requests from other people.

Most powerful time management tool:

The point of work is to deliver results. You’ll deliver the best results if you concentrate on your top three major tasks first.

And never forget that you’ll be be judged by the results you actually deliver. No one cares what you had to do for someone else, they only care about the results they expected from you.

Your time is your time and you must decided how it is to be used most effectively.

Just because someone asks for a piece of your time doesn’t mean you’re obliged to give it to them at the expense of your own productivity. Never be afraid to deploy the most effective time management tool of them all.

And what is the most effective time management tool? It’s the word NO.

Think of the word NO as a baseball bat.

Whenever someone makes a request of you then NO is the means by which you can whack that request right out of the ballpark.

Be in control of your time, at all times:

You’re not obliged to agree to a request even if someone asks nicely. It’s reasonable to be working to your own priorities.

All too often we feel obliged to do things for other people when actually we should have just said politely, “No, I’m really sorry but I can’t do that right now for you because I have to deliver this by 5pm and it’s a priority.”

If our personal productivity matters to us, and it should, then our focus should always be on our own major, high value deliverables.

Unfortunately we allow ourselves to be driven by the agendas of other people.

However that’s not good for our productivity, nor is it good for our well-being and stress levels.

People will take everything you’re prepared to give:

I can tell you from experience that other people will take everything you’re prepared to give and a bit more besides. That’s the nature of people.

However if you fail to deliver what you’re actually being paid to deliver, then no list of incidental work completed for other people will be accepted as an adequate plea in your defence when your boss wants to know why you’ve failed to deliver your own high value results.

If you’re painting my house I’ll measure you on the quality and timeliness of your work, not the amount of help you gave to my neighbour by, say, looking after her dog.

What you do for other people is irrelevant to me, should you fail to deliver what I’m actually paying you to deliver.

Focus on your priorities:

In reality if your colleagues can’t get something done by you they’ll simply ask someone else. So let them.

Why worry? Just be very polite when faced with a random request but say NO firmly. I can tell you this, you’ll have to be disciplined but it’s a habit well worth developing.

We can all be guilty of expending far too much of our energy helping other people achieve their aims, to the detriment of our own interests and our ability to deliver our own high value results.

To achieve anything of significance in life we must be focused on our own major activities.

We must concentrate on completing our big three major high value deliverables daily and focus relentlessly on working towards achieving our own goals generally.

The need for balance:

If you’re asked to do something then it’s perfectly reasonable to say NO, if to do otherwise would prevent you from delivering the results you’re being paid to deliver in a timely manner.

Yes of course, occasionally there will be tasks you’re obliged to accept for whatever reason.

However mostly being firm in declining such a request is a sign that you’re assertive and in control of delivering as much value as possible.

Another polite but firm response to a request might be something like, “Sorry I would love to help you with that but I cannot right now because I have my hands full with the deadline for this project.

As with everything there is a balance to be struck of course.

Sometimes it’s in your interests to do someone a favour because one day you might need them to return that favour. That’s reasonable, providing you always retain a primary focus on keeping your main things, the main things.

Conclusion:

You should always ensure that you’re making progress towards achieving your big three deliverables and your own goals generally.

It’s perfectly reasonable to have your own agenda and a desire to achieve your own goals and add the greatest value only you can add.

If you want to make a difference, focus on your big three major activities.

Those activities which only you can do.

And to ensure that you’re doing that, don’t be afraid to use the most effective time management tool  of them all whenever necessary. The word NO expressed politely but firmly.

Further Reading:

In writing this article the aim was to convince you of the importance of your need for a transformation, should one be necessary for you to achieve better time management.

However you might feel you could use a little extra help. That’s fine and it’s always useful to add a good book to your personal reference library. And one book you might consider on this subject is:-

How to set your Personal Boundaries: Learn to say No and Protect Yourself from Overwhelming Stress by author Josie Baxter

In this book the author Josie Baxter explains in digestible chunks how we can learn to set boundaries and be able to say no when necessary.

She recognises that what should be a simple thing is in fact often quite difficult.

She acknowledges that it’s natural that people care about other people but potentially that can put us at risk if our tendency always is to say yes.

The risk being that we take on too much which can add to our stress levels and stop us from achieving our own goals. In turn this can lead to exhaustion and burn out.

Josie Baxter explains that it’s not selfish to care for ourselves first.

In fact she notes that it’s actually quite sensible.

The advice in this book is useful for all areas of your life and you’ll find it invaluable if you’re someone who struggles to set firm boundaries. It’s an excellent book and well worth considering.

You can take a look at it if you CLICK HERE.

DISCLOSURE: This website is an Amazon affiliate. Should you click on the link included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. These commissions serve only to cover the cost of maintaining this site. Your understanding is truly appreciated dear reader. Thank you.

Please share this post with your friends:

Did you find this article interesting and useful?

If so, then please share it on social media with your friends. When you share, everyone wins.

So please share it now. If you do I will be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles that might appeal to you:

Copyright © Mann Island Media Limited 2021. All Rights Reserved.

3 things you need to know about money

3 things you need to know about moneyToday I’d like you to think about some things you need to know about money dear reader. In other words, think about what it all really means.

It’s natural to dream about being rich, of course.

Most people dream about being able to buy whatever they want and go anywhere and everywhere they’d like to go, possibly even in a private jet.

The attraction of having that pot of gold is why a lot of people will chase every rainbow.

However, whilst money is necessary for sustaining life, there are some things you should really understand about money.

Here are three of them:-

Things you need to know about money:

1. Having money brings its own pressures:

A great fortune is a great slavery. ~Seneca

It’s reasonable to want to create wealth and build a fortune. As suggested above, you want to feel financially secure, don’t you? Why wouldn’t you?

However, being financially secure doesn’t mean you’ll have a life without problems and worry.

You’ll just have different problems and different things to worry about.

No one goes through life without problems. Dealing with problems and challenges is an inevitable part of human existence.

Put simply, having money brings its own pressures.

Once you’ve got money your biggest concern will be to ensure that you hang on to it.

Inevitably that means you can become a slave to managing your money, preserving its capital value and protecting your fortune.

Being wealthy may be a nice problem to have, but it’s no less of a problem for that.

So keep it all in perspective.

Things you need to know about money2. Money can never be more important than people:

We love to earn money, who doesn’t? It gets you things. ~Katie Price

Earning money is great and it does allow you to buy things you want and things you need. However money won’t take care of you when you’re ill.

Yes, it might enable you to buy in some hired help.

However, that’s not the same as having someone around who genuinely cares about your well-being. That someone for whom you matter much more than money ever will.

In my experience, whilst money is important, nothing in our lives matters more than friends and loved ones. Human beings are social animals. So only people matter to us really.

Never focus on money to the point where you neglect the people who should matter most to you. Forget about them and eventually, they will forget about you.

You can have all the money in the world, but you’ll have nothing at all without friends and loved ones.

Go out and earn lots of money by all means, and enjoy it too.

However, always maintain a sense of balance in your life and make sure that you allocate some time for the people who matter most to you.

An investment of your time in the people you love is an investment that will pay dividends.

3. Money is a precious resource so use it wisely:

A penny saved is a penny earned. ~Benjamin Franklin

I make no apology for repeating Benjamin Franklin’s money mantra, repeated frequently by generations of well-meaning parents to their profligate children. It’s as valid today as it was in his day.

Whether Franklin was referring to money saved when making purchases or money saved from income is not obvious in his statement but that doesn’t matter.

The underlying point is that you have to be careful with your money because saving money is the key to building wealth and becoming financially independent. No one ever got rich by wasting their money.

Money like time is a precious resource, so use it wisely.

Please share this post with your friends:

If you found this blog post interesting and useful then please share it on social media with your friends. When you share, everyone wins.

Please share it now and I’ll be ever so grateful. You’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles that might appeal to you:

Copyright © Mann Island Media Limited 2021. All Rights Reserved.

What makes a great idea and why you should keep a journal

What makes a great idea.What makes a great idea? Now that’s an interesting question, in my opinion.

How is it that one idea can be successful and another idea less so?

Why has the iPhone been so successful and yet a smartphone such as the Blackberry has all but disappeared?

How do you know when one of your ideas might just make big a difference?

The key ingredient for a great idea is timing. Ideas are a dime a dozen. The trick is to know when one of your inspired thoughts is right for its time and therefore how hard to push it.

If you’re too far ahead of other peoples’ thinking, that inspired thought you believed was a great idea will only be ignored because it won’t resonate with people.

If you’re too far behind, then it will be ignored because they’ve seen it all before or something else is already doing it better.

However, if you can hit that sweet spot between the two extremes then you can generate value from your idea because it will solve a problem or capture the imagination of the people who are ready for it.

An idea whose time has come is a truly great idea. Though coming up with one is not so easy, of course.

It’s because great ideas are so rare that they can become so valuable. And that value is why it’s worthwhile to seek out great ideas constantly.

Should you decide the world is not quite ready for your inspired thinking then don’t worry. Not ready now doesn’t mean the world will never be ready.

Keep a journal and make a note of all those flashes of inspiration. And add your journals to your own personal library. Never throw your journals away. Go through them occasionally and see what ideas you’ve had for which the time might now be right.

Your personal journals could be a source of pure gold in the future so make sure you buy quality notebooks that you can add to your personal library as you fill them with your thoughts and inspiration.

In keeping journals you’re creating value. And value starts with a good quality notebook, so it’s worth investing in quality.

Please share this post with your friends:

If you found this article useful then please share it on social media with your friends. When you share, everyone wins.

So go on, please share it now. If you can do that for me, I’ll be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles that might appeal to you:

Copyright © Mann Island Media Limited 2021. All Rights Reserved.

The advantages of work: Why you should take it seriously

Advantages of workThe advantages of work are many but often people fail to appreciate the importance of their work. So my question to you today dear reader is, how do you regard your work?

Perhaps for you, work is just a source of income but by no means your passion?

Maybe it’s something you must do simply because you desperately need an income but it doesn’t leave you feeling energized and motivated to do the best job you possibly could do?

Perhaps mostly you’re just going through the motions, doing the minimum you can get away with each day and longing for the weekend and time off?

Maybe you’re the sort of person who prefers to spend your time in the office chatting and drinking coffee with your workmates?

Does any of this sound like you dear reader or possibly a slightly exaggerated version of you?

If that’s not you and your work is your passion, or at least you take it seriously, then this article is not really for you.

This article is for readers who feel less than energised by the work they’re currently doing and those who need a timely reminder that there are good reasons for taking your work seriously.

Work is your livelihood:

If you’re not pulling your weight in your current job then you should know that it won’t have gone unnoticed. Just because your boss has yet to say anything doesn’t mean he or she hasn’t noticed.

And if you’re building a reputation for being a slacker then it’s only a matter of time before the company will find a reason to get rid of you, if you’re not careful.

You must appreciate that a business cannot carry costs that add little or no value to that business. That is, it can’t if its aim is to survive, at least.

Commercial reality will very quickly kick any business in the butt should its management fail to keep tight control on costs.

Companies are not registered charities.

Any costs must be covered by the prices charged. If a business bears unnecessary costs for long then the result will be pricing that is simply uncompetitive. And if the business isn’t competitive then it will lose out to the competition.

Think about that for a second. As a consumer, if Company A is selling a product at a lower price than Company B, where will you buy it? You’ll go for the best price every time. No customer loyalty will survive even a small saving in price. To believe otherwise would be naïve.

So if you’re not adding value then potentially you’re at risk of losing your job.

Your work is your livelihood, so losing your job could actually hurt you. In fact, the best way to appreciate your job is to imagine your life without it.

Work provides you with a sense of purpose:

The very essence of what work is all about is simple. Work is just doing stuff for other people in return for money. It gives us an income but it also gives us a sense of purpose.

Through work, we apply our skills and know-how to deliver an output or an outcome for someone else. That may be an individual or an organisation but either way we are paid for what we actually deliver.

Essentially that’s the psychological contract we enter into when we agree to do work for someone else.

If we’re not delivering what we’re paid to deliver then we’re not doing our job properly. We are not fulfilling the psychological contract that is work.

Taking pride in our work is important too. Our sense of purpose should drive us to do the best we can with the skills we have and we should be constantly seeking to improve.

If we don’t love what we do at any given time then we should be looking for ways to change our mindset to take a more positive view.

If we view our work positively then we’re more likely to be energised by it and if we’re energised by it then we’re more likely to do it well.

Work is how we make a difference:

You must also recognise that there’s a big difference between being busy and delivering real results. Never confuse industry with effectiveness. The two are very different things.

If I’m paying you to paint houses then the only measure I will use to judge you on is how well and how efficiently you paint houses. I don’t really care how helpful you might have been to the electrician or the refuse collector.

Being busy doesn’t count for anything unless you’re busy doing the right things. Doing the right things is how we make a real difference. And surely we’d all like to make a difference?

Other benefits:

Having a job actually provides us with many benefits.

For a start with the income it generates, it allows us to put a roof over our head and food on our table.

Managed carefully, the money we earn will put clothes on our backs and allow us to heat our homes.

And of course, it provides so much more too.

Having a job gives us status and our own income gives us a degree of independence and freedom.

All these things together improve our self-esteem.

And of course, work gives us a reason to get you out of bed each day.

Work is how we make a contribution to the society around us. Not just in what we actually do but also in the taxes we pay. That’s how we pull our weight and justify membership in the society in which we live.

However, let us not forget the camaraderie we enjoy with work colleagues. People are social animals and we need the company of others.

Yes, some of them will drive us nuts at times but mostly they’re good people just like us, with lives just like ours and with whom we can relate.

We share their laughs and we share their tears too at times; the good times and the bad times; it all makes life worth living.

Work allows us to engage with other people and that’s very important.

Your work can be your legacy too:

Work is what we do for other people and what we’ve done for other people is how we’ll be remembered long after we’re gone. So potentially your work is your legacy.

On that basis, whatever you do strive to do it well.

It might not seem much to you but it will matter to other people.

Have a sense of pride in your work whatever it is. It doesn’t matter whether you sweep roads or you’re a skilled heart surgeon we all have our place in society and we all have our contribution to make.

And whatever role you play, no one is better than anyone else.

Enjoy your work or keep looking:

It’s important you find a way to enjoy your work because you spend a third of each day doing it.

Sometimes it’s just a case of looking at your work in a different way in order to appreciate what you have. However sometimes even then for whatever reason, you’ll feel unhappy.

If you can’t find a way to enjoy your work then find another job. One more suited to your natural talent perhaps. However until you find the right thing, you must grit your teeth and do your current work to the best of your ability.

And never, ever just walk away from a job without having another one to go to.

It is ironic perhaps but it’s always much easier to find another job when you already have one.

Without a job, a potential employer might wonder whether you’re unlucky or just a loser. And usually, employers will be reluctant to take a chance on you if they’re unsure.

Conclusion:

The importance of work to our lives and our self-esteem should not be underestimated. So do the work you’re paid to do and do it well. Do that and success can be yours.

Don’t do your job properly and you’ll struggle to hold on to it for very long. Lose it and almost certainly you’ll regret it.

That’s the nature of work, it always has been and it always will be.

Please share this post with your friends:

Did you find this article interesting and useful dear reader?

If so, then please share it on social media with your friends. When you share, everyone wins.

So go on, please share it now. If you do I’ll be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles that might appeal to you:

Copyright © Mann Island Media Limited 2021. All Rights Reserved.

How to become rich through your work

How to become richHow to become rich through your work? A question many people ask. Some people get rich but somehow you don’t dear reader. Why? You work hard but you’ve got very little to show for it, right?

How is it that other people succeed and get rich but you never seem to make any progress at all?

Perhaps the question you’ve been asking yourself is, what’s the real link between working hard and getting rich?

Well give me a couple of minutes of your time dear reader and I’ll tell you what I’ve learned about work over the years and how it’s linked to the generation of real wealth.

First off, as I’ve said many times before; work is simply doing stuff for other people in return for money.

If you enjoy your work and it comes naturally to you then you’ll do it well. If you do it well then people will notice. And once people start to notice then increasingly you’ll be in demand.

The greater the demand for your services the more you’ll get paid. In short, your value will increase.

If you truly enjoy your work and it becomes your passion then it won’t seem like work at all.

However, if you work for a single employer then essentially you’re trading your time for money, regardless of whether you enjoy your work or otherwise.

Even if you work for multiple employers one at a time, the effect is the same. You’re simply trading your time for money. It cannot be scalable because, as an individual, there’s only so much you can do in a given period of time.

There’s nothing wrong with trading your time for money of course and it’s the way that most people earn a living. However, you’re unlikely to get seriously rich that way.

Working for an employer will certainly make you a living of course but, unless you work on Wall Street or in the City of London, that’s about all.

To earn serious money you need to be doing stuff for many people simultaneously. The more people you can serve simultaneously the more money you can make.

The obvious question in your mind now will be, how’s that be done?

Well, creative people serve many people simultaneously don’t they?

For instance, if you write a bestselling book, record a bestselling song or produce a bestselling DVD these would all add value to the lives of many people simultaneously.

When people buy the book, the song or the DVD in their millions then you can make millions of dollars in the process. Just ask JK Rowling, Paul McCartney or Ricky Gervais. They’ve all become rich through their creative work.

Then again not everyone can write, sing or perform. Perhaps you’re a designer?

Suppose you design furniture, say a chair perhaps?

You produce a fabulous design and offer it to a furniture manufacturer. They really like it and they want to use it but you hold the intellectual property rights (IPR) because it’s your design. So the manufacturer must pay you a royalty when the design is used for every unit sold.

If that chair becomes very popular and sells in the millions, your ongoing royalty payments can add up to something quite substantial. Replicate that with many designs and you could get very rich indeed.

In this case, the example is furniture but the same would apply if you design anything. For instance, the man who designed the retroreflective safety device known as cat’s eyes in Britain got very rich through his design. Fashion design is another area where serious money can be made from your designs if they become popular.

The trick with creative work is to understand the law around copyright and IPR and make sure you’re rewarded for your work through royalties.

The advantage of creative work is that the series of royalty payments can have a very long tail. Your work can be the gift that keeps on giving for years and years.

Take a song like Imagine by John Lennon.

John Lennon wrote that song around 1971 but we still hear it regularly on radio and television to this day. So despite the fact that it’s almost 40 years since Lennon’s tragic death, the song still earns money for his estate, i.e. his family. Now that’s a real legacy for them.

Starting a business and selling products by the thousand is another way to serve many people simultaneously.

If your business can produce products that provide your customers with genuine solutions to their problems then there really is serious money to be made. Problems are an opportunity to make money if you can offer suitable solutions.

How to become richYour business will employ people who are trading their time for money but through your business, you’ll be serving the many simultaneously and you can enrich yourself in the process.

The takeaway message for you today is that if you work one-to-one you’ll make a living but if you can work one-to-many you’ll make a fortune.

Whether it’s becoming a creative person, a performing artist, or starting a business, serving the many is the real route to riches.

It’s not easy of course but it can be done and people do. With a little self-belief and a lot of hard work, you can too.

So when are you going to get started?

Go on, have a go! Serve the many not the few.

Remember; it’s better to try and fail than to spend your life wondering what might have been.

Please share this post with your friends:

Did you find this article interesting and useful dear reader?

If so, then please share it on social media with your friends. When you share, everyone wins.

So go on, please share it now. If you do I’ll be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles that might appeal to you:

Copyright © Mann Island Media Limited 2021. All Rights Reserved.

WP Radio
WP Radio
OFFLINE LIVE