How is the most money made?
How is the most money made?
By Douglas Vermeeren
Money is something that is important to all of us. It is even more important it seems when you don;t have any. When you don’t have enough it certainly seems to be a high priority and an issue of major concern. No matter where we go in life it seems there is a price tag attached.
Not only have I found that money is the dominant issue among all of the students I have taught there is one issue closely related to money that has got people just as concerned. And that issue is time.
People also want to make money as quickly and easily as possible.
While I do believe that money can often be made quickly and easily I want to give a correct expectation that it isn’t often as easy as most of the ‘get rich gurus’ and network marketing companies out there are promoting. (Sorry to pick on those tow groups but they are generally among the most common promising a sure fire way to wealth. And while it may happen with their methods it is somewhat uncommon.)
A recent study identified 4 key areas where the majority of wealth and wealthy lifestyles are created today. I want to share them with you without going into too much detail. These are not in any particular order as great fortunes have been made in each one. nor do I recommend you pick one and limit yourself to it. My fortune has been made by diversifying into each of these areas and I still look for opportunities in each. But if one of these opportunities is more easily available to you right now, by all means get started.
- Ideas – One of the best ways to become wealthy is have a great idea and develop it. You’ll notice I did say develop it. There are many great ideas out there that never become profitable because there was no action attached to it. I recently read that the average person has approximately six ideas that could become a million-dollar enterprise each year. The challenge again is that most people don’t do anything with these ideas. To make money in the idea developing category you will need to learn how to do the following or get support in the following areas: Development, distribution, Licensing and sales. You may even need to look into manufacturing yourself to get started. Developing an idea can mean a lot of money for you if it’s done right.Business – Owning or operating a business can be one of the most rewarding activities existing. But if you speak to the average entrepreneur you will also find that it can be one of the most frustrating. Along with the opportunity to create your own paycheck you also assume all the risk and challenge of running the business. Yet if you stick with and learn systems that help you create success you can do very well. In addition to creating a business there are opportunities to purchase an existing business, get involved in franchising, or even partner with others.
- Business – Owning or operating a business can be one of the most rewarding activities existing. But if you speak to the average entrepreneur you will also find that it can be one of the most frustrating. Along with the opportunity to create your own paycheck you also assume all the risk and challenge of running the business. Yet if you stick with and learn systems that help you create success you can do very well. In addition to creating a business there are opportunities to purchase an existing business, get involved in franchising, or even partner with others.
- Investing – Investing when done correctly can make a lot for money for you. All investment however will come with some degree of risk. I always encourage our students to invest in things they understand or have experience with. There are many investment products available and many qualified professionals who can help you find investments that will work best for you. Often safe investing is a relatively slow and steady way to become wealthy. However there are many high risk opportunities as well that can generate higher returns in a shorter amount of time. In the category of investments we can include registered investments like stocks, shares,bonds, RRSp, 401K, GIC, Mutual funds and more. In this category we can also include private investment, which can include investment into businesses directly or real estate.
- Lastly, I have chosen to list real estate as a separate category apart from investment. The reason I have chosen to do so is that often real estate involves purchasing a tangible asset. (Which is quick different than developing an idea or buying a mutual fund.) It is generally thought that real estate is a very safe bet for investors, but this isn’t always the case as we discovered in 2008. Even with the challenges of the recession real estate is still a very safe bet considering that the market values always seem to restore themselves over time. There are several ways to invest and make money in real estate. This can include everything from ‘flipping’ properties to owning rental properties. Most people initially think of residential properties first when it comes to real estate investing, but a great deal of money can be made in commercial real estate as well. And it is often easier to get involved than most people think.
While we haven’t been able to go into deep detail in each of this categories on this short blog post it is my hope that you would look deeper into each of these areas as I have made quite a bit of money personally in each area and I know they work.
If you are looking for more information and strategies on making more money please visit regularly my site www.MillionaireTrainingSystems.com where you will find free information and also special secret information for our coaching clients. On this site you’ll also find information about upcoming events and media appearances that I make and talk about money.
Douglas Vermeeren is the author of Guerrilla Millionaire, Guerrilla Achiever, the producer of the movies The Opus and The Gratitude Experiment. He appears regularly on FOX, ABC, NBC, CNN and other networks sharing strategies on becoming financially free. www.DouglasVermeeren.com
Written by douglasvermeeren
November 16, 2013 at 10:04 am
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