My motto is Live Free, Make Money, Pack Iron.
This series is going to take a contrarian stance. Sometimes it’s better to learn something by learning what it isn’t.
This is part two of a three part series.
This article is about money, of course.
First Things First
The very first thing you need to do if you want to make money is first realize that it doesn’t take much money to live well. As a matter of fact, if all you care about when it comes to making money is having more no matter what, you’ll never be free.
Making money is secondary to living free. The primary objective in making money is living free.
If you’re the kind of guy who always want a more expensive home or a more expensive car and you stay in debt because your lifestyle is scaling with your income, your head’s not in the right place.
Spending less money has the same effect as making more money. That is, you have more money available that isn’t already allocated before its even made.
The Budget Mentality
When you have a “budget”, nine times out of ten you have a list of money that’s already spent before its even been made. Change the focus of your money from having better things to having a better life.
If you spend a couple years having that mentality, two things are going to happen.
- You’re going to be able to easily afford whatever you want. A couple years of living like a monk in a temple will leave you with the finances to buy your own temple. However…
- You’ll find that you won’t want the same things you thought you wanted before. They just won’t be as important to you anymore.
How NOT to Make Money
The number one way not to make money is to work for someone else.
I don’t care how much your salary is, what your benefits are, or any of that nonsense. It doesn’t matter.
The reason you’re never going to make any money, aside from scaling your lifestyle to your income (which I can just about guarantee you do) is that you’re not in control of your money.
That money isn’t yours until the person or people you work for gives it to you. That is, of course, after taxes. You have no control over that money.
It isn’t yours.
In addition to your money not being in your control, your job isn’t in your control.
Now it’s true that not every area has a “no-fault” policy for firing someone, but there are always loopholes. You said something that didn’t sit right with someone, or maybe you just look too much like your boss’s wife’s ex and he just can’t take it anymore.
For whatever reason, you can lose that “stable” job with that “steady” paycheck in an instant.
Your money has to be in your control and you can’t allow anyone or anything to take that control away.
If it sounds like I’m saying you have to be a control freak to make money, that’s because I am.
How to Make Money
My number one recommendation is to become a self-motivated, self-employed man of business.
It’s the path with the most freedom. Ever noticed how generic it sounds when someone calls themselves a businessman? That’s because you’re not setting any limitations on what you do.
As an example, I make money from retail stores, tree farms, rental properties, and various methods online. I’m not set in one field, and I can work in any arena I understand.
Surely there’s something you know inside and out that you can use as your first venture.
Anything that you want to learn can be learned on the internet. Don’t know if there’s any licensing that applies to your business idea? Look it up.
Want to find the best source for a certain product? Shop around (using the same methods your customers will) and find it. After you find it, you know where to get it and how people buy it.
Its never been easier to learn how to be in business for yourself.
I’m not going to cover how to start a business. There are plenty of generic information sites online that will tell you what to do.
They have a saying where I’m from about there being more than one way to skin a cat. Well, you can skin it from head to ass, or from ass to head.
The point being that every business is going to be a little different to start. The step by step process will be different. You don’t need me for that.
I’m not here for the guy who “wants to start a business but doesn’t know how”. Those guys (and you might have been one of them) aren’t looking for the way to start a business.
Starting a business isn’t that hard. If you really wanted to start one, you’d do it.
Maybe you really don’t know what to do and by some fluke this is where you wound up. My advice to you is to go start your business then come back when you’re ready to take it to the next level.
There’s a reason I recommend to be self-motivated and self-employed IN THAT ORDER. You have to be self-motivated or you’re not going to get anything done.
If you’re the kind of guy that needs a supervisor standing over his shoulder cracking the whip, then setting the goal of making money isn’t for you. At least, not making money my way. I don’t work that way.
I am LESS productive when I’ve got someone standing over me and telling me what to do.
For me, it’s impossible to get motivated to do anything when I know that the shit stain that’s ordering me around is going to be getting more money from my work than I am. I have to have my independence.
If you’re not happy unless you’re a little cog in a big machine, then I don’t have anything that can help you. You’ll have to look somewhere else.
Something Beats Nothing
Doing something now beats doing nothing. Every day you waste making someone else richer is a day you could’ve been lining your own pocket.
You don’t have to make a billion bucks to live well, but you shouldn’t use that as an excuse to do nothing. Living free is more important than making money, and you’re not living free when you’re another man’s slave.