Is is really possible to make money and stay rich by just reading a post online?
While it’s very possible to make money, become rich/wealthy via your high paying job, sustaining the continuous in-flow of money is harder and it’s what actually makes most people see it as a hit and miss game.
Well, this article focuses on changing that.
What comes to your mind when you hear the words “getting rich or becoming wealthy”?
Do you also say things like:
- Once I get a good paying job and save a lot of money, I can be rich.
- I just need someone or the bank to loan me at least 10, 000 dollars and I will invest that money and become rich in the twinkle of an eye.
There are too many ways to make money. Online or offline.
I am a fan of the online methods, but that isn’t in our scope for today.
You could get rich using several ways, both good and bad. I actually wouldn’t prefer the latter.
Like everything we do, there’s always the bad side. People could do anything at this age to make sure there is an inflow of money.
From doing legit jobs or services that generate money, there are too many bad ways to get money.
Stuff like crime, scam, money laundering, drug trafficking and a whole lot of other absurd ways of generating illegal money is also gaining grounds among desperate money finders.
That would not be a topic to discuss on at all.
Making cool money could sometimes be easy but sustaining that flow of income consistently and progressively is a tough one.
To be candid, it isn’t that easy.
Like anything worth doing well, there shouldn’t be an uncalled rush to get to the finishing line, it’s a thing to plan and watch.
Stories of great, rich, wealthy people and companies that fall to the ground state after getting to the peak of success will prove to you that getting rich isn’t the big deal.
Staying rich is the big deal.
The stories of famous/rich people who became very broke are viral.
E.g of such stories includes that of Adolf Merckle and Patricia Kluge(taken from RankRed).
The story of Patricia Kluge could make sense to kick-start the article fully.
Patricia Kluge was married to once the richest man in the world, John Kluge, who had a personal wealth of $5 billion in 1990.
At the time of their divorce, Patricia was left with just $1 million in alumni, but she also received the lavish estate of Albemarle in the Virginia countryside.
She took her chance and established the Kluge estate winery and vineyard.
Where things became wrong.
Patricia also entered the real estate business by taking $65 million in loan to build more than a dozen luxury houses, which later turned out to be her biggest mistake.
The 2008 banking and housing crisis caused Patricia to default on her loans and was forced to sell her Albemarle estate along with her every valuable possession.
Patricia Kluge’s estate winery and vineyard were purchased by Donald Trump for $6 million.
A quick pause to calm your mind, if there’s any need for that.
And what about the touching story of Adolf Merckle who had a tragic end?
Adolf Merckle was once one of Germany’s richest people with a personal wealth of around $12.8 billion.
Like few others, Merckle was also hit hard by the credit crisis of 2008 in which he lost about $3.6 billion.
Despite the massive loss, he still remained one of five richest men in Germany.
But by the end of 2008, his investment firm VEM faced a serious liquidity crisis and reported $6 billion dollars in losses.
To make up for it, Merckle played a huge gamble by making a series of risky investments, which ultimately caused him more money.
After losing almost everything, Merckle tragically ended his life by throwing himself in front of a train.
Another quick pause before we get into the real business.
One mistake you would make while reading this article is to be negatively judgmental.
Actually, I got some ill criticism even before I hit the publish button on this post.
Why am I saying this?
A lot of people would want to know if I am a billionaire yet before hearing what I have to say.
The truth is just simple!
Don’t try to find out if I am a billionaire right now before you would decide to save your financial life via this valuable content.
Just like the way its possible to learn how to be anything online without actually going to a professional school, you can learn anything from anyone.
Now, we are getting into the real deal.
The deepest secret of getting wealth and sustaining it is very simple but most times, most people don’t understand how it works.
So, below comes the wide tip on how to make money and staying rich.
This Is Simply How To Make Money
The amount of money or wealth you get revolves around the following;
- What you do.
- How you do it.
- Who you do it for.
- Your ability to deliver at all times.
- The inability of others to evict you when there’s competition.
Let’s take them by turn and see what comes out before moving to another level.
One more thing, don’t underestimate whatever you read here.
What You Do
The sad truth is, you really can’t get money, riches or wealth by doing nothing. Yap!
You must do something to get money, whether good or bad. But the later isn’t a better avenue.
People steal, kill, scam, indulge in several negative activities to get money the faster way while there are too many legit ways to make money and enjoy its benefits.
So, the first and most important thing is this:
What are you doing right now?
You could tell us your response via the comments box.
What you do matters so much and it’s the beginning of your step to getting rich.
One mistake we do make most times is to answer questions that haven’t been asked through the job we do or the services we render.
Imagine how much you will be earning when you are selling what the majority doesn’t really have interest in.
You could make money, but getting rich would be a mission impossible task.
The easiest, safest and faster way to amass wealth is to answer a general question.
- Do the people really need this goods or services?
- Can they do without it?
- Do they have better alternatives?
All these will help you do what is capable of attracting wealth within a short period of time.
If you find out the entire area lacks and desperately needs a good barber, a good hotel, a good public transportation company etc, that’s where the big deal starts.
Going to sell books where the government is offering free textbooks to the students is just a waste of time.
If you find it hard or impossible to do what’s needed around you, create a solution to an already existing problem or improve the available solutions with better alternatives that people would love to embrace.
To finalize this, try to get to know if what you’re doing right now is really meeting the needs of the greater majority before continuing or even venturing into it.
The bottom line is, you can’t offer a useless service and expect to get money from it. Just like drug sellers gain more money because drug addicts are much and really need to keep taking in dangerous drugs to calm their lives.
Let’s move to the next point.
How You Do It
It doesn’t end at doing something useful, how well you do it matters.
The fact is, there are other people doing the same thing you are doing or about to do.
So, what sets you apart? How well you do it.
Once you do your job well or render quality services, you will get loyal customers that will be ever ready to pay for your outstanding service or job.
Since getting more loyal customers brings more money, it’s clear that with quality services, you are on your way to getting more money and becoming rich.
No matter what you do, doing it in the best way, smarter and faster will draw and keep more attention to you.
Like it’s always said, what is worth doing at all is worth doing well.
Who You Do It For
A third important factor to keep an eye on if you want to amass money is to examine who pays for your services or job.
You can’t be offering a top of industry world-class service worth millions of naira and decide to choose a remote ape-man village as your office.
Yes, your talent can make way for you, but you have to be ready to walk along the path.
Most people looking for ways to make their endeavors work out always make the mistake of limiting their extraordinary abilities or services to a particular location.
I can still recall a friend of mine who was so good in artistic work and could deliver professional artworks without messing things up.
He kept on struggling so hard to survive, even with such skills.
The problem was, his geographical location was a limitation to his success. I stayed in an urban location where his services were worth 200 times more than the trash he was getting from that remote area.
His response was always annoying; He couldn’t and wouldn’t like to switch location.
The stress of getting used to it, meeting new people etc kept discouraging him to remain at tap-root of his financial freedom.
No matter what you do, there are people who will certainly pay more than what you are getting right now.
To be candid, you can’t be rich and sustain it by saving the peanuts you get from people who don’t know the value of your services or job.
There are too many people out there that can pay more for what you have to offer.
Go out of your comfort zone and get more value for your hard-earned skills or services.
Like most wise people will always say, an opportunity is only utilized through availability.
Even if you have the best skills in a particular area, you can only get a job when you are available, and then the secondary profit will pile up.
Everyone is in a hurry. The Internet is becoming faster, technology’s pace is fast and furious, search engines and humans prefer faster loading pages, apps and games get optimized for speed etc
No one wants to waste time at all. There are too many alternatives. That’s a good reason to make sure you are always 99% available to deliver to your customers or clients.
Once you allow your absenteeism to take over your usefulness, you will lose customers, money, and popularity.
What will you end up as? A severely broke ass!
The next time you hear someone asking how to make money, ask them if they are available?
Let’s move to the last important factor necessary to keep you steady financially.
Move With Times/Changes
Things and time always change. When you allow the most recent advancements to overcome your skills, your failure begins gradually like a snail.
Let us take an e.g from reputable companies in the world that were too relaxed to positive work with change.
Nokia was one of the biggest phone brands in the world with a vast array of loyal fans. I really loved Nokia phones.
The truth is, their devices were really on point but as time went on, the likes of iOS from Apple and Android from Google tardily threw them out.
Nokia couldn’t switch with the change as soon as it came. Everyone wanted to try the new touchscreen devices and enjoy more powerful features in smartphones.
Nokia’s fame couldn’t allow them to switch to the Android OS but they instead took another unplanned leap that failed too, which was the switch to Windows Mobile OS.
Now that it’s under HMD Global, there are gradually gaining some space in the competition.
Once a new trend, skill, or device pertaining to your profession or organization comes up, the best you could do is to join the train.
You can’t make it using old tools, skills or whatever you call it.
Making it means being able to improvise and switch with the changes around you. To make money and keep making it, accept changes that will positively affect your business or job.
Survive In The Competition
Once something has the potential to generate serious wealth inflow, the competition isn’t always unfriendly.
Look at businesses that generate a lot of money/profits, everyone tries to have a slice of the cake.
Looking at the mobile phone manufacturers/software developers, it’s a terribly fierce competition.
Android is adding new features every moment and Apple is doing the same. Phone manufacturers are also making sure they catch up with technological advancements.
Imagine a flagship phone from Samsung, Google or Huawei without the trending DSLR/portrait mode feature, better RAM, battery and overall user experience.
Once you are into any venture, to become rich, you have to do all, yes, all it that’s needed to keep up with the competition.
It would gradually draw your customers away from you.
Now it’s the same thing with the net… Things are changing so fast every day and if you don’t catch up with the train, you would be left in the crowd, struggling to be noticed.
Let’s round off this section with a good summary of the main points we talked about.
One of the simplest secrets of success in every ramification is this –
Answer questions or solve problems that concern a large number of people.
Looking at some of the richest people in the world in 2018 like
- Jeff Bezos.
- Bill Gates.
- Warren Buffett.
- Bernard Arnault & family
- Mark Zuckerberg.
- Amancio Ortega
- Carlos Slim Helu & family.
- Charles Koch.
They are all problem solvers and they keep doing it better. Someone like Aliko Dangote has a lot of investments that are extremely useful to humanity and he keeps doing better.
Bill Gates of Microsoft, Aliko Dangote of Dangote Group Of Companies, Wale Adenuga of Glo NIG etc, are all big-time problem solvers, meeting the needs of humans in various categories.
People who provide or offer indispensable services like water, petroleum products, computer software and accessories, mobile phones, food, drugs, clothing, shelter/building technology can hardly go broke under normal conditions because of the nature of their jobs/services.
If you solve a problem of 200 million people who have money to pay as long as they live, you can become extremely rich if you keep doing it better and better.
The point is still like a physical change in Chemistry, it’s still unchanged, do something that’s indispensable or something close to it.
Below are some quick questions to ascertain how much potential your current job, idea, business or company has to make you rich and keep you rich.
- Does my skill, job or business meet the needs of people.?
- Is it really going to keep being useful?
- Am I really doing it right?
- Is this the best and most profitable location for my business?
- Is there someone better than I am?
If you can answer these questions sincerely, you are some more steps to solving your financial problem
Now, let’s make it more saucy with some really interesting things to know about riches/wealth.
What You Need To Know About Rich People On How To Make Money
I love rich people and how they actually live their lives. The stories of most will inspire you to keep pushing hard and never underestimate a planted seed, it could turn out to be a mighty tree and shade to you and your loved ones.
Let’s see how many we can put together.
Rich people start small –
A journey of a thousand miles actually begins with a step. Facebook, the largest social media platform actually started for students to match names with faces in class. No matter how big your plan is, take it easy, planning positively, watching and looking out for opportunities to expand your dream.
Amazon’s chief Jeff Bezos is the first person to top $100 billion as number one on the Forbes list of the World’s Billionaires. He owns 16% of e-commerce colossus Amazon, which he founded in a garage in Seattle in 1994.
And what about Warren Buffett, who first bought a stock at age 11 and first filed taxes at age 13.
Rich people don’t give up easily –
Mark Zuckerberg was a drop out of Harvard University, but that didn’t change his dream. What was birthed in school was still polished and today I am sharing this article on Facebook to get across to the world.
Don’t give up so fast, remember how far you have gone and what’s in front. You could be just 2 steps to your fortune.
Rich people always invest –
It’s never a good idea to put all your eggs in one basket. Rich people, as well as aspiring ones, have an attitude of investing thoroughly in potential areas.
Amancio Ortega with a net worth of $74.7 B is one of the richest men in Europe and the wealthiest retailer in the world. He’s a pioneer in fast fashion, he co-founded Inditex, known for its Zara fashion chain, with his ex-wife Rosalia Mera (d. 2013) in 1975.
He owns about 60% of Madrid-listed Inditex, which has 8 brands, including Massimo Dutti and Pull & Bear, and 7,500 stores around the world. Ortega typically earns more than $400 million in dividends a year.
He has invested his dividends primarily into real estate in Madrid, Barcelona, London, Chicago, Miami and New York.
Warren Buffett runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen.
Charles Koch, CEO of Koch Industries ($50.5 B net worth), America’s second-largest private company, since 1967, has $100 billion in revenues from businesses including pipelines, chemicals, Dixie cups, Brawny paper towels and Stainmaster carpets.
Bernard Arnault ($76.9 Billion Net Worth) oversees an empire of 70 brands including Louis Vuitton and Sephora.
Once one business starts flourishing, keep an eye on good grounds to invest some of your money in. This will just make sure there’s always an inflow of money, no matter the economy.
Are you gonna invest too?
Rich people are generous –
Most of all the richest people in the world are just really generous and humanitarians. If you can’t give, you don’t really have. Sad truth!
Wanna remind yourself with some proofs? Okay.
- Zuckerberg and his wife are spending $3 billion in an attempt to end, cure or manage all disease by the year 2100.
- Zuckerberg and his wife, Priscilla Chan, have pledged to give away 99% of their Facebook stake over their lifetimes.
- Warren Buffett, CEO, Berkshire Hathaway has committed to giving more than 99% of his fortune to charity. So far he has given away nearly $32 billion, much of it to the Gates Foundation.
- With friend Bill Gates he launched The Giving Pledge in 2010, asking billionaires to donate half their wealth to charitable causes.
Rich people always have rich friends –
No matter how you feel about it, it’s the sad truth. If you are gonna be rich, you need to have a similar circle of friends. Most times when things become tough, your rich friends could help you get back on your feet, but if it’s vice versa, the opposite will be the case.
It doesn’t mean you should hate poor people or those in the middle class, just make sure you have some birds of your kinda feather in case of any necessity.
Let’s sum up with a few others.
- Rich people use opportunities very well to make money.
- Rich people take risks
- Rich people don’t procrastinate
- Rich people wake up early and start their day positively
- Rich people don’t always give up easily
It’s not easy to get rich and it’s even harder to sustain it. With all that’s in this article, you can comfortably start your journey into wealth.
Remember, it’s never a straight path. You might fall too many times, but don’t remain on the ground. One good thing about life is to be good, polite, respectful, forgiving, cheerful and all the attributes of a good person.
A friend of mine who borrowed someone he barely knew 500,000 Naira to start a business in 2008 was recently surprised with the sum of 5 million Naira from the same person who didn’t show up all this while.
The truth is, you can be rich and keep staying rich if you know where to place your feet so you won’t slip off.
Most of this article would not be complete without wide research. One single place I got more wisdom to put this up is @Koinonia
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