Articles

Ten (10) Truth You Should Know About Making Money In 2023

Making Money
I wish I knew these before making certain decisions about making money. The quest to be financially free did not start today. Let’s just say the pressure only increased and now all of a sudden, everybody even the children are looking out for avenues to make quick money. There are investments I made some years back and eventually regretted them all. Probing further as to why I didn’t do well, I would point out that I did not understand the concept of making money.
.
Perhaps I also failed to ask questions especially regarding the big promises these investments came with.
I never looked and reconsidered the pros and cons from a logical point of view. All I wanted to do was make the money and make it fast as possible. So I’ve put together this post to enable anyone who reads it have a better understanding of the art of making money.
.
So let’s dive in!!
.
1. 𝐓𝐡𝐞 𝐌𝐨𝐧𝐞𝐲 𝐲𝐨𝐮 𝐦𝐚𝐤𝐞 𝐢𝐬 𝐭𝐡𝐞 𝐞𝐪𝐮𝐢𝐯𝐚𝐥𝐞𝐧𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐯𝐚𝐥𝐮𝐞 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐩𝐫𝐨𝐯𝐢𝐝𝐞. The amount of money you can make depends on how well you market your value to a large number of people who need it!! Literally, the money you want is in the pockets of other people and you need to get in there and take it. The only way in is by giving them value in exchange for money. The more problems your value solves, the more money you get!!
.
2. 𝐈𝐭 𝐭𝐚𝐤𝐞𝐬 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐞𝐟𝐟𝐨𝐫𝐭 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐦𝐨𝐧𝐞𝐲. There is no easy way to get rich quick. Building wealth and financial stability often requires hard work, discipline, and dedication.
.
3. 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭. It’s important to diversify your sources of income and investments to reduce risk and increase stability.
.
4. 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐬𝐤𝐢𝐥𝐥𝐬 𝐚𝐫𝐞 𝐤𝐞𝐲. To increase your earning potential, it can be helpful to invest in your education and develop valuable skills. This could include earning a degree, taking courses, or gaining practical experience in a particular field.
.
5. 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐚𝐧𝐝 𝐛𝐮𝐝𝐠𝐞𝐭𝐢𝐧𝐠 𝐚𝐫𝐞 𝐜𝐫𝐮𝐜𝐢𝐚𝐥. Building wealth requires discipline and a focus on long-term financial planning. This includes setting aside money for emergencies, investing in your future, and developing a budget to manage your expenses.
.
6. 𝐍𝐞𝐭𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐚𝐧𝐝 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐫𝐞𝐥𝐚𝐭𝐢𝐨𝐧𝐬𝐡𝐢𝐩𝐬 𝐜𝐚𝐧 𝐛𝐞 𝐛𝐞𝐧𝐞𝐟𝐢𝐜𝐢𝐚𝐥. Building relationships with others in your field or industry can help you learn about new opportunities, get advice, and potentially secure new job or business opportunities.
.
7. 𝐈𝐭’𝐬 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐭𝐨 𝐦𝐚𝐧𝐚𝐠𝐞 𝐫𝐢𝐬𝐤. While taking calculated risks can be a part of building wealth, it’s important to understand and manage the risks involved in any financial decision.
.
8. 𝐒𝐮𝐜𝐜𝐞𝐬𝐬 𝐭𝐚𝐤𝐞𝐬 𝐩𝐞𝐫𝐬𝐞𝐯𝐞𝐫𝐚𝐧𝐜𝐞. Building wealth and financial stability is not always easy, and it may require perseverance and resilience to overcome challenges and setbacks along the way.
.
9. 𝐖𝐡𝐢𝐥𝐞 𝐦𝐨𝐧𝐞𝐲 𝐢𝐬 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐢𝐧 𝐰𝐞𝐚𝐥𝐭𝐡 𝐜𝐫𝐞𝐚𝐭𝐢𝐨𝐧, 𝐦𝐨𝐧𝐞𝐲 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐜𝐡𝐚𝐫𝐚𝐜𝐭𝐞𝐫 𝐚𝐧𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐥𝐢𝐭𝐞𝐫𝐚𝐜𝐲 𝐢𝐬 𝐧𝐨𝐭𝐡𝐢𝐧𝐠. It’s possible to make a shipload of money and lose it in an instant because you lack financial literacy…. that’s where statements like “I made GHS 3,000 last week, but I don’t know what I used it for”.
.
10. Making Money has its principles, and these principles are based on 3 facts
I. Value must be exchanged for money.
II. Money is attracted to and stays with those who know how to use it, control it and multiply it.
III. Money may not be everything, but money surely gives you a lot of good option.
.
Read Also:

Keeping Your Relationship Can Elevate You When You Set Boundaries

.

SKB Journal appreciate you a lot for reading!  If you enjoyed this piece by Samuel Kwame Boadu, kindly hit the share button and help others to also see it. You can also like our Facebook page, so you know when we make new posts or Click to JOIN our Telegram Channel where we post JOBS + TIPS

Related posts

Leave a Comment

Samuel Kwame Boadu

Enjoy reading Samuel Kwame Boadu's Journal?

Receive the latest news right in your inbox