Top wealth creation strategies for financial success

If you aim to learn about wealth creation strategies, you might find this blog post useful.

Essentially, it’s a video from Brian Tracy with some advice on what he sees as the top wealth-creation strategies for financial success. I think this video is useful.

Brian Tracy is one of the best motivational speakers I know, and I highly recommend his audio programs.

His messages are always so simple yet so very effective.

I recommend you give this video a few minutes of your time because Brian Tracy is always worth a listen. You won’t be disappointed.

And please feel free to share this post.

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Wealth Creation:

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Did you find this video on wealth creation strategies interesting? I hope so. Brian Tracy is always inspirational.

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Phil Sutton

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Money Mastery Rules: 25 Power Rules for Financial Freedom

If you’re seeking help in learning the money mastery rules, dear reader, this article has been written for you.

Remember, when it comes to money, you are in the driver’s seat, or you should be.

Also, remember that between the ages of 25 and 34, this can be a golden decade for wealth building if you work at it.

The choices you make right now won’t just affect your weekend plans; they will determine when you retire and how much freedom you have to live life on your terms.

Forget the dry spreadsheets and lecture-hall vibes. With this post, I am offering you a personal roadmap to becoming financially bulletproof.

So, let’s dive into the 25 rules that will transform your bank account and your life.

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Most people pay their landlord, their streaming services, and their favourite coffee shop before they ever look at their savings.

So, flip the script right now.

The moment you’re paid, move a slice of that pie into your savings or investment account.

You are the most important bill, so you should pay yourself first.

Think of it as you think of taxes and other stoppages from your wages. You learn to live on the money you have left.

Now, remember, “I want to be rich” is just a wish, not a plan.

What is it you want to achieve?

Perhaps you want to make a down payment on a property.

Maybe you want to retire at 45, so you can travel the world.

What is it you want, what will it cost, and how can you get there?

When you give your money a specific mission, it becomes much easier to say no to things that don’t matter.

We don’t get paid for the hours we put in. We get paid for the value we add. And the more value we can add, the more we’ll get paid.

Build knowledge and skills, and you will be able to add more value and, by doing so, earn much more money.

The greatest asset you can have is your ability to earn.

An investment in your learning will pay you a handsome dividend.

Whether it’s a certification, a leadership workshop, or a masterclass in a high-value skill, like AI, for instance, spending money to sharpen your mind is the only investment with a guaranteed and potentially infinite return on investment (ROI).

If there’s one certainty in life, other than death and taxes, it is that stuff happens. Usually at the most inconvenient time.

Your car breaks down, a pipe bursts, you break your mobile phone, or you lose your job for whatever reason. These things will happen to everyone at some time or other.

So, having an emergency fund of 3–6 months of living expenses tucked away in a high-yield savings account is the difference between a minor inconvenience and a financial catastrophe.

An emergency fund is essential.

Don’t think of it as money; think of it as peace of mind.

Governments have an insatiable appetite for our money, and they will take as much of it as they can get away with in the form of taxes.

So, when it comes to money, it’s not about how much you make; it’s about how much you can keep. Naturally, you want to keep as much of it as you can.

Understanding the difference between tax-deductible contributions and taxable income can save you thousands of dollars over time.

Don’t leave your hard-earned cash on the taxman’s table because you didn’t read the fine print.

This may sound like Finance 101, but it is a trap most people fall into.

Lifestyle creep is the enemy of wealth. By that, I mean upgrading your lifestyle every time you get a raise.

Spending money you don’t have on things you could live without.

Seeing a shiny object online, your flexible friend comes out because you think, “I must have that!” You don’t have the money, but you buy it on credit.

Very unwise.

It’s better to keep your expenses low even as your income grows, and you’ll create a massive gap where wealth is born.

If it has an engine or a designer logo, then it’s losing value the second you buy it.

If you use high-interest debt to buy a depreciating asset, it’s like running a race with a backpack full of heavy rocks. It makes no sense.

If you really must have it, save up and pay cash for it, and keep your credit for things that will grow in value, like property.

I call this the Rule of 20.

Put simply, if you can learn to live comfortably on 80% of your income, you are effectively buying your future freedom.

Yes, it will feel tight at first, but your future self will thank you for the compounding miracle you’ve started.

If it’s automated, it’s much more likely to happen regularly, like clockwork.

Let’s face it, willpower is a finite resource. So, it’s unwise to rely on it.

Set up automatic transfers so your savings and investments happen without you even thinking about it.

If you never see the money in your checking account, you won’t miss it.

There was a time when people had jobs for life, but this isn’t it, unfortunately.

In today’s world, job security no longer exists. I’m sure you know that, dear reader.

So, it’s important to develop multiple income streams.

Whether it’s a side hustle, rental income, or dividend-paying stocks, having multiple streams of income ensures that if one tap turns off, at least you aren’t left in a drought.

If the money you earn is as a direct result of trading your time, then your income potential will always be limited.

There are only 24 hours in every day, so your earning potential is inevitably capped if you’re only trading time for dollars.

Start a side hustle selling digital products you’ve created online and potentially sell them globally 24/7. Making money while you sleep.

Alternatively, investing allows your capital to grow independently of your labour. Whether it’s investing in property or income-bearing stocks, it can generate a 24/7 income stream.

So, let your money work the night shift so you don’t have to.

You can’t manage what you don’t measure.

Use an app or a simple spreadsheet to see exactly where your money is going.

You’ll be shocked at how those small $15 subscriptions add up to a missed vacation or a maxed-out credit card.

Keep records and track your money so you know where it’s going and what you’re getting in return.

Don’t be fooled into thinking there’s easy money to be had.

The get-rich-quick schemes you hear about on social media are usually get-poor-fast traps. The only people who make money are those who earn affiliate commissions by making such recommendations in YouTube videos.

Real wealth is a marathon, not a sprint.

Focus on consistent, boring, long-term growth.

It’s not flashy, but it works every single time.

Had a bad day at work? Don’t head to Amazon.

Feeling a retail therapy urge is a sign that you’re trying to solve a temporary feeling with a permanent financial hit.

Find a hobby that builds you up instead of a purchase that breaks your budget.

People in the financial sector love to make everything about money sound complicated, so we become dependent on their expertise, which they can then charge a high price for.

Most of it isn’t complicated if you educate yourself.

And by education, I don’t mean going back to college.

I mean, reading books by people like Robert Kiyosaki. Books that are informative yet easy to read.

Read a book a month, and after a year or so, you will be more knowledgeable than any financial advisor.

Take the power back, now!

Read the books, listen to the podcasts, and understand the jargon.

No one will look after your financial future better than you will.

Albert Einstein once described the power of compounding as the 8th wonder of the world. And he was right.

Time is the most powerful ingredient in wealth creation.

A dollar invested in your 20s is worth significantly more than a dollar invested in your 40s because it has more time to multiply.

So, start now!

Even modest amounts will grow substantially with enough time.

You need a place to live; you want the luxury apartment with the rooftop pool.

Learning to distinguish between the two allows you to prioritise your spending.

You can have anything you want, but you can’t have everything you want.

How often do people make a big-ticket purchase on impulse and then either not use it or find they could have bought it cheaper elsewhere?

So, think of the 24-hour rule as a lifesaver.

If you see something expensive you think you need, wait at least a full day (or even a week) before hitting the buy button.

The dopamine hit will fade, and you’ll realise you’re perfectly happy without it.

Unsecured debt is high-interest-bearing debt. And credit cards work based on unsecured debt. So, they come with very high interest rates.

Credit cards are simply tools that can be convenient, but certainly they are not free money.

There are attractions. For instance, if you pay them off in full every month, you get rewards and consumer protection.

However, the downside is that if you carry a balance forward, you’re paying 20%+ interest for the privilege of being broke. And the compounding effect of such high interest rates can turn a small debt into a very large debt very quickly.

Never play a game where the house always wins.

Your bank balance is a snapshot; your net worth (Assets minus Liabilities) is the big picture.

Watching that number grow every three months is the ultimate motivation to keep you going.

It’s the scoreboard for your financial life on the road to financial freedom.

An asset puts money into your pocket (like a rental property or a stock). It is an item that generates an income stream for you.

A liability takes money out of your pocket (like a car loan or a fancy subscription). It is an item that costs you money that you won’t see again.

Successful people spend their lives accumulating assets that will eventually pay for their luxuries.

If a friend asks you to co-sign a loan, what does that mean?

It means that if your friend fails to repay the loan, the bank can legally force you to repay it.

In Britain, we would refer to it as acting as a guarantor for the loan.

Co-signing isn’t just a favour; it’s a legal obligation to pay the debt if the other person doesn’t.

So, ask yourself this question. If a bank wouldn’t trust your friend to repay the loan, why should you?

Keep friendship and money quite separate; it could prove a very expensive way to lose a friend.

Protect your credit and your relationships by saying no to co-signing.

There can be good debt as well as bad debt.

Good debt is leverage used to buy assets that appreciate or generate income, such as a business, a mortgage on a property, or a smart investment.

Bad debt would be unsecured on anything lifestyle-related, at high interest rates.

Only use debt when the arithmetic shows you’ll come out ahead on the other side.

Surprising as it may seem, everything is negotiable. So, master the art of the deal.

From your salary to your internet bill, seek to get the best deal for you.

A ten-minute conversation could save you $50 a month or earn you an extra $5,000 a year.

Let’s face it, if you don’t ask, you don’t get.

What’s the worst that can happen? They say no. But they could just as easily say yes.

So, always be prepared to haggle.

Ownership comes with maintenance, taxes, and headaches.

Own the things that are essential to your stability and wealth-building.

If you want a taste of the high life, like a fancy car for a weekend or a designer dress for a gala, it’s better just to rent it.

Enjoy the experience without the anchor of the expense.

Phil Sutton

It’s your money. Treat it with respect. Manage it properly and don’t waste any of it.

Never have money in your heart.

However, you should always have money in your head.

Money is a resource. We all need money, and we can’t live without it in the modern world.

With care, you can build wealth over time. And building wealth is the key to financial freedom.

Follow these money mastery rules, and your future is much more likely to be comfortable.

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

When you share, everyone wins.

So go on, please share it now, and I’ll be forever grateful to you.

You’ll be helping a keen blogger reach a wider audience.

I appreciate your support, dear reader. Thank you.

The advantages of work: Why you should take it seriously

The 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 work seriously.

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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, the income it generates allows us to put a roof over our heads 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 contribute 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 differently 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.

Phil Sutton

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Warren Buffett’s Top 10 Rules for Success to Inspire You

Warren Buffett's Top 10 Rules for Success

Today, I offer you Warren Buffett’s Top 10 Rules for Success, dear reader.

If you want success, then it would be wise to listen to people who have already achieved some success.

Identify what they did to achieve their success and copy it.

If it worked for them, then it will probably work for you.

Now, there are few people more successful in their chosen field than Warren Buffett.

He offers you his ‘Top 10 Rules for Success’ in the video embedded here, and it’s worth your time to listen to him.

They are his top tips, and I recommend them to you.

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Warren Buffett’s Top 10 Rules For Success:

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Your support is appreciated, dear reader. Thank you.

Phil Sutton

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7 Money Rules: Personal Finance Decisions Made Simple

Let’s be honest: personal finance doesn’t need to be complicated, but it does need to be intentional.

You don’t need a finance degree, a six-figure salary, or a spreadsheet obsession to master the art of managing your money effectively.

However, what you do need are some clear rules that remove emotion from decisions and put you in full control.

For me, the seven money rules I offer you here are simple, practical, and powerful.

Follow them consistently, and your financial life will start to feel lighter, calmer, and perhaps even a little bit exciting.

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This is the golden rule of money management.

Before bills. Before subscriptions. Before random spending. You come first.

Paying yourself first means automatically setting aside money for savings or investments as soon as your income hits your account. Even if it’s small at first, the habit matters more than the amount.

Think of it this way: if you don’t prioritize your future, no one else will. It’s that simple.

So, start treating savings like a non-negotiable bill, because the future you is counting on it.


Saving is great. Investing is better.

Money sitting in a bank account is safe, but the interest rate at any given time is unlikely to compensate you for inflation. So, that’s not the way to grow capital.

Investing your money over time is what will provide you with the potential for capital growth.

Committing to investing at least 10% of your income every month puts time and compound growth on your side.

Start where you are now.

The earlier you invest, the harder your money works. And you need it to work hard while you sleep, while you work your day job, and even when you are binge-watching your favourite shows.


This is a simple rule with a life-changing impact.

If you consistently spend more than you earn, no strategy in the world can save you financially. You will be doomed.

If you spend less than you earn—even by a little—you create breathing room, choices, and freedom.

This isn’t about deprivation. It’s about intentional spending.

Spend generously on what matters to you and ruthlessly cut everything that doesn’t.


This one’s tough because comparison is everywhere.

The cars, the clothes, the vacations, the “effortless” lifestyles on social media? Most of it is funded by debt and stress. And that’s a price you don’t want to pay.

True confidence comes from living within your means—not pretending you’re richer than you are.

Build a lifestyle that supports your goals, not one that sabotages them.


If it doesn’t last—and doesn’t earn—you shouldn’t borrow for it.

Vacations, gadgets, designer items, nights out… these are wants, not needs.

Using debt to pay for them means enjoying the moment while the future you pays the bill (with substantial interest).

If you can’t pay cash for discretionary spending, it’s a sign to pause—not swipe.

Live without it until you’ve got the cash to pay for it.


Not all debt is evil—but it must be strategic.

Debt should be used to acquire assets that either appreciate in value or generate income.

Property is a classic example when done wisely.

The key question to ask is:

If the answer is no, rethink it.


Impulse spending is the silent killer of good financial intentions.

Here’s the fix:

Most of the time, the urge fades.

And when it doesn’t? You’ll buy with clarity instead of emotion.

This single rule can save you thousands over a lifetime, without making you feel restricted.


Managing your money well isn’t about being perfect. It’s about being consistent.

These seven rules create structure, confidence, and momentum. They will help you stop reacting to money and start directing it.

You don’t need to do everything at once.

Start with one rule. Then another. Over time, small decisions stack up into big results.

Your money should support the life you want—not control it.

And the best time to take control? Right now.

You’re smarter than you think. You’ve got this!

Phil Sutton

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How to turn enterprise into money and riches

Today, the question I am exploring is how to turn enterprise into money and riches. But let’s start with a quote.

The media personality and former rock star Bob Geldof’s communication style tends to be blunt and to the point. He’s not a man to sugarcoat his words, or so it seems. However, he does make an important point here.

People may tell you that money isn’t important, but next to oxygen, it’s essential for a life worth living. You couldn’t live long without it today.

Exactly how much money you need depends on your preferred lifestyle, of course. However, even for a fairly basic lifestyle, a reasonable income is necessary.

None of us wants to be poor, of course. Fortunately, we don’t have to be. It’s possible to turn enterprise into money and then money into wealth and riches.

And what do I mean by enterprise? I mean your energy, your resourcefulness, your imagination, your know-how and skills, your ambition, and your determination to make life better for you and your loved ones.

Essentially, you can make your life better simply by making it better for other people.

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What is work?

The key message today is that you don’t need to be employed by a commercial enterprise or corporation to earn money.

While being employed is one way to earn money, it’s also perfectly feasible to establish your own business and earn a living by being self-employed.

And in the age of the Internet, it’s never been easier to start a business, even if you have very little money to invest.

Remember also that you can start a business initially as a part-time side hustle while being employed until it’s generating enough income for that business to become your primary means of making a living.

And never forget, for most people, the only way you’ll ever get seriously rich is through your own business.

Certainly, unless you’re a Wall Street investment banker or a lawyer, you’re unlikely to get seriously rich being someone’s employee, trading your time for money.

The key to success in business

The key to success in your own business is to find a way to solve problems for people for profit. That’s the way to turn your enterprise into money. And it’s a lot easier than you might imagine.

Let’s face it, there’ll always be plenty of customers for products and services, some of which are yet to be invented.

People will always have problems, and they’ll always need solutions to those problems.

Remember, every product sold by a company is a solution to a problem, or at least it should be.

Turn enterprise into money

-If you continually educate yourself on skills and know-how, then you can create wealth by seeking out customers for whom you can deliver solutions to their problems and/or provide them with services for which they have a need.

If you can satisfy those customers, then you’ll make money, and quite possibly a lot of money, if you can scale up that business as your customer base grows.

Manage your money wisely, and you can build your wealth too.

Determination, hard work, and an eye for problems to be solved are the main ingredients for business success. Your enterprise really can lead you to great wealth.

You don’t have to be poor

You don’t have to be poor unless you’ve given up and you’re just accepting that being poor is your lot in life. It’s not, and nor should it be.

You’re perfectly capable of generating your income, dear reader.

You just need to do stuff for other people and find a way to add value to their lives. In this case, adding value means solving problems or making their lives easier and/or better in some way.

Help yourself by helping others get what they need

It all comes down to your willingness to find a way to serve others. Simple!

There are opportunities there for you to take every single day of the week if you’re enterprising and ready to solve problems for other people. However, you do need to be fleet-footed.

The best time to start a business might have been last year, but the next best time is right now.

And age is no barrier to starting a business either. Remember, Colonel Sanders was 65 years old when he started KFC, and Ray Kroc was 52 when he started building the business we know as McDonald’s.

It can be done, and people do. Why not you? Go on, just go for it! Real riches can be yours.

Good luck!

Phil Sutton

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Creating a Life Plan: 17 ways the rich think differently

Today I am exploring the idea of creating a life plan.

Creating a Life plan
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Have you ever thought about creating a life plan, dear reader? If you’re young and have your life ahead of you, certainly, it’s a good idea. You can always let life happen to you, of course, but it’s better if you go out and make life happen the way you’d prefer it to be. And to have a good life, having money certainly helps. So money is at the heart of life planning.

Now, why is it that some people are wealthy and others are not?

You might argue that the rich inherit money, and therefore, they’re just lucky. For a few people, that may be true. However, it’s not a universal truth.

Having wealthy parents helps, no doubt, but there are plenty of examples of self-made millionaires and billionaires. And there are plenty of examples of people who lost all their wealth and then just created another fortune.

There are also plenty of examples of poor people who enjoyed good fortune winning a lottery only to squander their millions within a few short years.

This would suggest that the rich and poor have different philosophies concerning creating a life plan and money as a resource.

17 ways the rich and poor think differently:

The video embedded here explores 17 ways in which rich people and poor people think differently. It’s an interesting video, and it makes some really useful points that will help you in your life planning. It’s informative and well worth a few minutes of your time, in my opinion.

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Thank you for your support.

Phil Sutton

How to be happy and why you should be

How to be happy? Now, that’s a question I hear frequently.

Well, I believe that if you’re going to be happy, then you need a sense of purpose.

Now just think about that for a minute. Your work takes up one-third of your life, so surely it’s essential that you’re happy doing whatever you do?

So dear reader, if the question on your mind today is how to be happy in life, then to find the answer, it’s worth reflecting on your work for a moment and thinking about whether it’s right for you.

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Does your work make you happy?

Do you believe your contribution to your job is something that only you can supply?

Would you say that your work is closely aligned with your natural talents?

If your job is a mismatch with your natural talents, then you’re unlikely to do it as well as you might do otherwise. If you don’t do it well, then it’s hard to feel a sense of pride in your work, surely? And if you’re not doing it well, your boss is likely to give you a hard time as well.

So in this scenario, you’re not going to be very happy, are you?

Let’s face it, spending your life doing something you don’t enjoy is such a waste, wouldn’t you agree?

You have so much natural talent that could be put to better use.

Yes, every job has its chores. Things you have to do, which you hate but accept as part of the job. No job is perfect.

However, tedium should only be a small part of your whole work experience.

To feel happy and fulfilled doing the work you do means that you should enjoy at least 70% to 80% of your daily activity.

What happens if the job you do and your talents are mismatched?

Human beings are flexible and adaptable, of course. So even in the worst job situations, people survive, but at what cost to themselves?

The further you are from applying your natural talents and abilities, the less likely it is that you’ll enjoy your work in my experience. And being unhappy at work means you’re less likely to be happy in life. That’s a fact.

And if you’re not happy, then it’s difficult to make a genuine contribution to life and the lives of other people. And this matters, particularly for those people who are your loved ones.

If your loved ones have to deal with someone who’s doing a job they don’t enjoy, then it can make their lives miserable, too. In fact, it can be no pleasure for anyone around you.

If you derive no pleasure from your work, then life just becomes a grind. Also, it becomes stressful, which is not very good for your health either.

The best and least stressful way to earn a living is by pursuing your interests and something that you both enjoy, and that is compatible with your natural talents. This is the sweet spot, and it’s how to be happy in life.

If society encouraged people to pursue their interests and work to their strengths, then we would not only be happier, but we would also become more productive.

And of course, productive lives are happy lives too. We would all benefit, and society would reap benefits too.

So think about what you enjoy doing and your natural talents, and then think about how you can best apply them.

It’s important to be happy doing what you do, but if you’ve yet to find work that makes you happy, then keep looking and don’t give up until you find it.

It’s possible to enjoy what you do. Other people do, and so can you.

Phil Sutton

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How serious money is made through self-employment

Today I thought it would be interesting to consider how serious money is made through self-employment rather than spending your life 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, it’s possible to earn a decent income, and you may enjoy a few fringe benefits too.

And if you get a job in the public sector, the pay may not be as 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.

So, 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 are unlikely to make a fortune. Unfortunately, dear reader, that’s one of life’s facts.

How serious money is made through self-employment
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The road to serious money:

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

And the good news is that 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 business 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 make money whilst you’re sleeping.

If you want to get seriously rich then you’ll have to find ways to start making money while you sleep.

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

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

Selling products online:

The Internet provides you with the ability to 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 while 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 Amazon is not always the actual seller of the item you are seeking to purchase. Other suppliers sell their 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 are the seller, you 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 the 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 don’t have to because there’s an easier way.

So you can focus on finding products that will offer solutions to the problems your target customers have and 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, there is money to be made.

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 want to get some cash back for books they’re unlikely to read ever again.

Shrewd entrepreneurs recognize that there’ll be a ready market for those textbooks at the start of the next academic year. New students will want to obtain course textbooks at a better price if they can.

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.

You make money and everyone’s a winner.

Set up a website:

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 could 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 too.

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

I know plenty of people who have created successful businesses with this approach and from them made good money. 

Selling on eBay:

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

These are things they need to get rid of as quickly as possible for whatever reason and get whatever they can for them. So, there’s a potential opportunity for those with an entrepreneurial spirit.

You buy these items cheaply and 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 don’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 healthy 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 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 CJ (Commission Junction, as it was known previously).

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 far 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 create a website publishing offering reviews of sports shoes for women.

And remember; those reviews don’t have to be your own necessarily.

They could be a curation of reviews you’ve read elsewhere, summarised 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 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 of an item on Google, there is a strong possibility that they will buy if the reviews are 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 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 publishing web content to promote 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 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 traffic.

However, If you’re just starting you will not reach those levels for quite some time.

Nevertheless, 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 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, and 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 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 write several eBooks like this 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.

And don’t forget, nowadays you also have the power of artificial intelligence (AI) to help you in the form of Gemini and ChatGPT. These are powerful writing aids.

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 more than $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 that 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 separate from your personal life. This is 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 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. 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 will 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 to make 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 to exploit the opportunities before you and then have a go.

Good luck and may you be the next Richard Branson.

Phil Sutton

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Thank you.

To find a job you will love start with these questions

Would you like to find a job you will love, dear reader?

Most people, if they’re lucky enough to have a job, are in jobs for which they have little or no passion. Well, that’s true in my experience, anyway.

People do whatever they have to do to ensure they have a regular income. It’s a living, but it’s hardly a life, wouldn’t you agree?

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If you’d like to find a job you’ll love doing, then start by asking yourself some searching questions like these:

Questions to ask yourself:

  1. What activity gives you a genuine buzz?
  2. What activity would you regard as more fun than work?
  3. Do you have a genuine talent for some particular activity?
  4. What activity makes your eyes sparkle with enthusiasm?
  5. What would you do as a hobby if you couldn’t make a living at it?
  6. In which activity would you not have to be asked twice to participate?
  7. In what activity would you be so absorbed that you’d completely lose track of time?
  8. For what activity would you willingly rise early, knowing that this was on your day’s agenda? 

Why the answers are important:

The answers to these questions will help you to identify the activity for which you have passion and enthusiasm.

If you can identify a job that consists primarily of activities consistent with the answers to these questions, then the chances are that you’ll have found the job you’ll love to do.

And as the saying goes, find a job you love, and you’ll never work a day in your life.

Now, getting that job won’t be that easy, of course.

However, knowing what you really want is the first step on the road to success.

If you have a real talent for your work, then you’re likely to enjoy what you do. If you enjoy what you do, then you’re likely to do it well. Do it well, and people will notice. And once people begin to notice you for the work you do, then your career will start going places, potentially to places beyond your wildest dreams.

Finding a job for which you have a passion really can lead you to success.

So, start reflecting on these questions, and then ask yourself, is what I’m doing now consistent with the answers? A negative conclusion would imply that it’s time to make some changes.

Phil Sutton

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 forever grateful, and you’ll be helping a keen blogger reach a wider audience.

Thank you.