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What is the key to making money?

 
++Kate++
My Charlie

User ID: 3830744
Canada
03/17/2013 12:56 AM

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Re: What is the key to making money?
Sell yourself!
.



Proverbs 22:3 KJV - A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished .
Anonymous Coward
User ID: 36342867
Brazil
03/17/2013 01:12 AM
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Re: What is the key to making money?
I think money is an ilusion
Anonymous Coward
User ID: 36340074
United States
03/17/2013 01:21 AM
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Re: What is the key to making money?
buy something in bulk and sell it piecemeal with higher prices per unit.
Anonymous Coward
User ID: 1018225
United States
03/17/2013 01:26 AM
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Re: What is the key to making money?
Its simple just sell out.
Give up on everything you believe in because those beliefs hold you back and are just programming to limit you to happy slavery.
Other than that there are tons of old sayings and wisdom that are mostly forgotten that explain how the world really works.
In the U.S. you are in a capitalistic society. This means people with money have the means to make more and control the competition.
It takes money to make money because of rules of attraction not negatives attract but gravity, things the same gravitate together.
The single most important asset to have is charisma.
If you have charisma and people like you you can social climb and network.
You start by taking scraps and building a working relationship and trust with a higher social group.
The higher you climb the more opportunities you find.
Intelligence and ideas can be borrowed or purchased but charisma cannot unless you were born into money.
The best business to get into is anything that works on peoples desires, vices, hopes and dreams.
Its always better to make 10% from 10 peoples work than 100% from your own, because time is money.
There is your starting point now just fill in the blanks and you could get rich, but that's up to you.
Basi Cally
User ID: 36347005
Germany
03/17/2013 04:27 AM
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Re: What is the key to making money?
Forget the idea to share it.
Anonymous Coward
User ID: 12835998
United States
03/17/2013 09:22 AM
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Re: What is the key to making money?
Some are born evil and some aren't. Evil attracts money and money attracts evil.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~`

That saying is sort of like saying,

Psychopaths attract Money...
And
Money Attracts Psychopaths...

Psychopathology helps.

No conscience
No ethics
No guilt
No shame

Stealing, cheating, defrauding others without remorse.
(sort of like an "entitlement", "they deserved it", or "I'm better than them" attitude or behavior.)

Expert lying

Complete disregard for the consequences of your behavior, as long as you are making money for yourself.

Study the pathology of the Psychopath, and it shows the A-Typical behavior of almost every pathological money focused deviant.
domohh
User ID: 35105700
United States
03/17/2013 09:26 AM
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Re: What is the key to making money?
You will only learn as much as you desire to. You alaways lose money chasing hoes but you never lose hoes chasing money..
domohh
User ID: 35105700
United States
03/17/2013 09:43 AM
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Re: What is the key to making money?
You will only learn as much as you desire to. You alaways lose money chasing hoes but you never lose hoes chasing money..
Manu-Koelbren (OP)

User ID: 1312616
Spain
03/17/2013 05:28 PM
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Re: What is the key to making money?
If someone is able to make a million in a couple of years, risk it all and lose it, and then from scratch go back to making even more, while most people don't make a million even working their entire lives, then there must be some key to it. I think it must be something akin to picking up women, there's this method that if you know it then it becomes so easy to do, but there's a catch, if you don't have somewhat of natural disposition for it then it will be either impossible or extremely difficult for you to attain. So the key here is not willpower in itself, but willpower plus this natural disposition. Some people suggest that one can learn to pick up women, but I think that if it's not in your personality to begin with, that it doesn't matter how much you try, it will come to no fruition. Maybe it's the same with money?
Holocaust denier white secretly urban negro.
Manu-Koelbren (OP)

User ID: 1312616
Spain
03/17/2013 05:37 PM
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Re: What is the key to making money?
Money is a form of energy and energy can be multiplied or it can stagnate and die. The difference is in the knowledge of how to handle your money. Think of something you're very familiar with, playing baseball, or cooking pies or whatever, now think how easy for you is to get doing that, now if I ask an average working class person about investments in stocks, currency markets, international commerce and such "obscure" matters, most would be clueless, I know I am clueless. No one taught me any of this and I never had a chance to go into those realms because I need to work to make a living, so most average working class people like me are stuck in a little box. Those who by whatever reason penetrated those realms and learned how to introduce their money into those systems to get a return seem to be the ones who can begin to multiply within those realms and with practice and the right "natural" disposition I spoke about before, one can make every time more.

I remember reading back when I was a teen this book about "the right way to do things so that they derive profit" and it was very interesting. I need to remember how it was called....

Last Edited by Manu-K on 03/17/2013 05:41 PM
Holocaust denier white secretly urban negro.
Anonymous Coward
User ID: 36418796
Canada
03/19/2013 02:32 AM
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Re: What is the key to making money?
Here are a few things:

When you spend your money you can buy 2 things. You can buy things that go up in value or you can buy things that go down in value. If all you do is buy things that go down in value then you are just begging to be poor.

Then you should never use credit or loans except for maybe a house. If every time you buy things and they are on credit then 20 percent of your buying power buys you nothing. It goes to some rich guy as interest on that loan.

So I would advise people that if they want something then save up for it and pay cash. Give yourself a 20 percent raise in buying power. Chances are that when you save up to buy what you want in cash then you no longer want it.


.
 Quoting: Anonymous Coward 21769788


sound basic advice
Anonymous Coward
User ID: 7570540
United States
03/19/2013 02:41 AM
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Re: What is the key to making money?
Live under your means and sock as much away as you can while you are young and grow it. Read up on investing. Purchase a duplex and live in one side and collect rent on the other. When that it paid off, purchase a real home. If you have a good business plan for a company you like, go for it.

The thing is, most people know what to do but don't have the desire to sacrifice now for the long haul.

My husband and I always put money away where we couldn't touch it - in retirement accounts - because he's a spender. I'm a saver buy I would deny myself nice things just to have him go out and spend that money on another hunting or fishing trip or a decked out pickup truck. So, early on we decided that was the answer. That fund has grown to a nice 7-figure sum and we are just 50.
Anonymous Coward
User ID: 36413971
Australia
03/19/2013 04:36 AM
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Re: What is the key to making money?
I have read similar threads in other forums. Here are my two cents:-

Rich people in general are able to leverage the time of the others. For example, a supermarket owner employers cashiers and stackers to work for the supermarket. These staff, no matter how well/poorly paid, can only use their time to contribute to the owner. On the contrary, the owner can use the time to go out and negeotiate new deals and look at further opportunities. This is all about using other people's time to do stuff for you.

As you are from Spain, the classic example would be the conquistadores. Hernan Cortes and Francisco Pizarro were not high-ranked soldiers in Spain. In the massive nobility scheme (aka Ponzi scheme of their age), they could not have invoked a vast quantity of people to work for them.

However, when these ruthless warriors arrived at the Americas, they captured the leaders of the Aztec and Inca empires. They then exploited these leaders to extort gold and silver out of the Amerindian subjects. The Incas believed that their king was a divine figure. Therefore when he was captured, the army dared not to confront the Spanish, instead they melt the gold artefacts to pay the ransom, trying to redeem for the Inca.

I am Chinese myself and this was also true in old China. Everybody wanted to become a mandarin official, because this class owned land, house and peasants. The peasants could only work to submit to a mandarin, while a mandarin could extort money from the multitudes. Most of those Chinese businessmen who did business with Spanish galleon back in the 16th century in the Phillipines were failed mandarins, who could not make the cut in the system.

As you have already pointed out, we have to be able to smell the tide in the next gold rush. This game does not discriminate against educational level. Just spend lots of time reading all sorts of news, have discipline in controlling your budget, try to spot a developing trend in the world and be able to leverage the effort of the others. Share-buying is almost the most common to leverage the effort of another company.

Basically the answer to this question is to understand money as a Ponzi scheme. You spot a trend earlier than the others, get onto the ladder early and take advantage of those who follow. Cashing out before the Ponzi scheme collapses is important, too.

NWO=OWN. The more people you own, the more likely you would be rich. Idol1
eyestoseeearstohear

User ID: 7682049
United States
03/19/2013 04:39 AM
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Re: What is the key to making money?
G O D
Study Hebraic Roots
SteamrolledGobias

User ID: 15716609
United States
03/19/2013 04:43 AM

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Re: What is the key to making money?
Let me offer my opinion.

Obviously, there is rules in place. I noticed your tag says you are from Spain, but I would boast that the same rules marginally apply.

Here in the United States, credit is a huge factor which affects the majority of American daily life. Credit is used to determine how much you will pay monthly on your car, whether or not you get approved for a house, and whether they will even look at you when considering a loan.

Lots of people on this website say "buy things with cash", but in reality, if you are working a regular job, have a wife or a girlfriend, or kids, or a life at all, then that will never be the case.

Money is a game. You need to learn how to play the game. Obviously credit benefits the banks, they make money off you "wanting to be a consumer" and then they collect interest when you can't make a payment on time.

The trick is knowledge. The more knowledge you have of the system that is in place, of how things work, the more power you have. I can't express this enough. I don't care if you "like" the system or not, you were put on this Earth, and unless you plan on living out in the sticks then you must play the game.

However, that begins with paying off your debts. They are, after all, debts for a reason. You at one point made an obligation to an entity to pay for something.

If you owe money, pay it back. That is where you start. Yeah, its a headache, but being debt free is the only way you can build up enough morale to learn how to save money, and then manipulate your money.

The idea is to be nobodies slave, but to be on the top of your finances and daily life. As soon as you let someone else have control, you lose.

And that trait you were talking about, is called willpower.

Willpower is the fruit of life. If you can master it, great things will come your way. Its the knowledge of you, and the control to determine your own outcome.
 Quoting: Anonymous Coward 2208637


agree with this totally.

the rules may change once the average citizen understands how corrupt the system really is... but honestly, it won't change much. the rules are there for a reason. the more you know the more options you have to manipulate.
SteamrolledGobias

User ID: 15716609
United States
03/19/2013 04:46 AM

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Re: What is the key to making money?
I think money is an ilusion
 Quoting: Anonymous Coward 36342867


the things and experiences you can buy with money are not illusions at all.
Balking Tollocks
User ID: 898026
United Kingdom
03/19/2013 04:47 AM
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Re: What is the key to making money?
Do something, build something, make something.
 Quoting: SpaceCommand


Or what the Federal Reserve do, PRINT IT LoL!
Snag is if you do that it's called forgery, if they do that it's calleed Quantitatve Easing.
Anonymous Coward
User ID: 36233362
United States
03/19/2013 04:48 AM
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Re: What is the key to making money?
The key is getting onto the A list of the central banking system.
SteamrolledGobias

User ID: 15716609
United States
03/19/2013 05:40 AM

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Re: What is the key to making money?
bump
Anonymous Coward
User ID: 1211208
United States
03/19/2013 05:43 AM
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Re: What is the key to making money?
Don't take advice from anyone that isn't making as much or more than you want to make..
Anonymous Coward
User ID: 1211208
United States
03/19/2013 05:44 AM
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Re: What is the key to making money?
Don't take advice from anyone that isn't making as much or more than you want to make..
 Quoting: Anonymous Coward 1211208


You can ask a millionaire how to become a janitor...you can't ask a janitor how to become a millionaire because he doesn't know how..
Anonymous Coward
User ID: 2226485
United States
03/19/2013 08:13 AM
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Re: What is the key to making money?
In most cases it's not what you make, it's what you spend.
Anonymous Coward
User ID: 1432018
United States
03/19/2013 08:27 AM
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Re: What is the key to making money?
don't finance anything if you can afford it. every time you finance a car you are giving a bank a couple thousand dollars.

also, cars are depreciating assets. buy a fuel efficient one and drive it till the wheels fall off. do not switch cars every couple years, you're just fucking yourself if you do this.
Daggo

User ID: 36487930
United States
03/19/2013 08:28 AM
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Re: What is the key to making money?
What is that separates those who work their entire lives to merely remain poor or struggling and those who know how to make money multiply? Is it breeding? an inherent quality? a bit of both?

I have my own ideas about it but would like to hear some from the bright folks in GLP.
 Quoting: Manu-Koelbren


Well if your talking about income in the 100's of millions they have to have no compassion or understanding of basic human decency, because like most of the rich they got there by screwing over everybody they come in contact with and stealing everything they could get away with.

From the olden days of Americas beginning of industry to our modern technological millionaires just about everyone stole, underpaid, Lied, and where all abound tyrants to everyone to get ahead.

The most recent case of this that comes to mind is mister Mark Zukerberg or as most of you know him Mr. FaceBook.
Philligan
in rainbows

User ID: 14329811
United States
03/19/2013 08:37 AM

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Re: What is the key to making money?
Never ever give up.

Visualize yourself as already being successful.

Give back.

Avoid negative people at ALL costs
everything in its right place
Anonymous Coward
User ID: 13559462
United States
03/19/2013 08:41 AM
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Re: What is the key to making money?
What is that separates those who work their entire lives to merely remain poor or struggling and those who know how to make money multiply? Is it breeding? an inherent quality? a bit of both?

I have my own ideas about it but would like to hear some from the bright folks in GLP.
 Quoting: Manu-Koelbren


It's all a matter of being in the right place at the right time. Experiment with the money you aren't using for bills, find out what works for you, is it saving? Investing? Metals? Food? Ammo? I'd put a decent stake in metals and Ammo companies seeing as the global situation dictates that they should be profitable in the near future. It also wouldnt hurt to pour any extra money you have into commodity futures.
Maguyver

User ID: 808852
United States
03/19/2013 08:44 AM

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Re: What is the key to making money?
What is that separates those who work their entire lives to merely remain poor or struggling and those who know how to make money multiply? Is it breeding? an inherent quality? a bit of both?

I have my own ideas about it but would like to hear some from the bright folks in GLP.
 Quoting: Manu-Koelbren



Work harder than the other guy. Most people just do enough to get by and that's why most people do just that. Be the first one in and the last one to leave. This pays off early on in the career path.

Have a service or product someone will pay you more for that what it costs you to produce.

Build relationships with people to whom you offer said products or services so that they come back and bring others to you seeking the same.

cheers
Adversity is inevitable, misery is optional.

Do or do not. There is no try.

"The enemy will never attack where you are strongest...He will attack where you are weakest. If you do not know your weakest point, be certain, your enemy will." Sun Tzu
Anonymous Coward
User ID: 14988730
United States
03/19/2013 08:47 AM
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Re: What is the key to making money?
Key to making money is to make things from your own interests.
[link to play.google.com (secure)]
Anonymous Coward
User ID: 7216065
United Kingdom
03/19/2013 09:01 AM
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Re: What is the key to making money?
It's as simple as this my friend...

[link to www.soilandhealth.org]

'Think and Grow Rich'

Written in the 1930's its accepted world wide to being the single key to success.

The only thing is i can't tell you what the key is, you'll have to read the book and find out. If you're ready for it, it will jump out of the page at you.

I'll give you a clue though.. it's all to do with the subconscious mind.

Good luck getting your fortune.

cool2

Cheers