Making Money Is A Skill You Need To Develop

Why Listen To This?

• Advice from a thriving entrepreneur.

Learnings

• ‘1 – Value does not necessarily equal Money.
  • Value is more comparable to utility than money.
• ‘3 – Making money is a skill(by adding value);
  • When you think like that, it allows you to realize how you can get better at it;, whether through a business, profession, or getting better at your job.
• ‘8 – Making money is a skill that has to be practiced.
  • Some facets that go along with making money:
    • Making Decisions
    • Communicating
    • Selling
    • Managing Expectations
  • Nurture these kinds of skills early on; have the fundamentals in place;
    • That helps in creating value and thus making money.
• ‘12 – On Trading something for money
  • You can trade your time for money. But it doesn’t usually result in value creation.
  • Trading skills for money results in value addition and is better than the former.
• ‘12 – The skill of making REAL Money is:
  • Build systems to oversee other people trading time or skill for money.
• ‘13 – Get some experience in whatever it is that you want to do.
• Get out there;
  • Start something
    • Fail
      • Learn from the failure
        • Lose, money and time
          • Take shots that miss
            • That is how you get better.
• ‘14 – Start honing your skill
  • Start making money on the side.
    • Build a website, meet people, and sell them your product or service.