“How To Earn Money?” – is a very vague question. There are so many ways to earn money. You can choose to make money from several ways. There are several ways to make Money.
This Article is about 4 Basic Ways to Earn Money -
After reading this article, you can choose your own way to earn money. It is not that one or more ways are good and the others are bad. All the ways have their own Advantages & Disadvantages.
01) Earn Money by Becoming an Employee -
This is the most common way to earn money. Go to school, Do Hard Work, Get Good Grades, Go for Higher Education, Find a Safe & secure Job, Work Hard, Earn Money, Retire (at the age of 65) and the government will take care of you.
Advantages -
Advantages of becoming an employee are, One is you have limited hours of work. Say for Example 9 to 5. Once you finish your office work, you can go home. You don’t have to use your mind once you go to home. All you have to do is, provide your labour (Physical or Mental) at your job place and receive a paycheck.
Disadvantages -
The Disadvantage of being an employee is that, you have to live paychecks to paychecks. All the hard work you do at your office place will only make the owners of that Company more richer. Another disadvantage is that, Job Security. In the current world, there is No Guarantee of any Job Security. No matter how much you do hard work. Because of the Recession, There is a Severe Job Crisis in the Job Market. So Depending on your Job for a regular source of Income & Living Paycheck to Paycheck may not excite all of you.
Another disadvantage of working as an employee is that, your Boss can fire you any time. Also you may have to work under someone whom you don’t like at all.
02) Earn Money by Providing a Professional Service (Self-Employees) -
You can also earn money by being a professional also known as a Self-Employee. Say For example, Doctors, Lawyers, Chartered accountants, Freelance writers, Tattoo makers, Writers, Singers, Poets ….etc……
You just have to decide that, in which skill you are passionate about and master? Use that skill to earn Money.
Advantages -
The main advantage of being a Self-employee is that, you don’t have to work under anyone else. You are your own Boss. You can choose your own working hours a day & week and chose to provide your professional services.
Disadvantages -
The Main Disadvantage of Self-employment is that, You are a Single Person Army. So you can not pass your own skills to your next generations for its benefits unlike Businesses & Investments. Another main disadvantage of being a Self-employment is that, if somehow you die early in your life, with your death, all of your skill goes away.
03) Earn Money by Being a Business Owner -
Some people love to own & run their own Business. They simply love to see their people working for them. While some people simply love to own the Business but don’t want to run that Business so they higher a Professional Management Team to Run That Business.
Advantages -
The main advantage of having a Business is that, here your people are working for you. So many people work under you so your chances of becoming rich very fast are very high. Another advantage if having your own Business is that, it runs without your presence also so that in case of your absence it runs and grows automatically. Not only this But you can Pass on your Businesses to your Next Generation.
Disadvantages -
To Run a Business, it requires a high Leadership & Entrepreneurial Skills.
04) Earn Money by Being an Investor Like Warren Buffet -
Some people don’t want to run a Business but they just want to own a part of a Business (Stocks). They simply like to make their money work for them harder (by doing Investments) so that they don’t have to work.
Advantages -
The main advantage of being an Investor is that, you can become Ultra-rich by doing proper Investments. Here your Money work for you instead of you work hard for the Money in the Economy. Remember, World’s All the Billionaires are Investors, Investors in their own Businesses. So if you want to enter into the Billionaire Club, you Must have to be Investor.
Disadvantage -
Very High Level of Financial IQ, Vision & Mind work is required.
So the above are the basic 4 ways to earn Money. You can now chose that by which way you want to earn Money?……
