It’s interesting that most people think about money all the time and don’t know anything about it. By understanding the history of money you can increase your earning potential by a great deal. There is no secret to being able to earn more.
At one time there was no money, there was bartering. If you caught a fish, you would trade with a person who had cut down a pineapple from a tree. If you made boat’s, you would trade with a person who build your house for you.
Everything was always trading goods for goods, this eventually become really awkward and clumsy, do finally we had to find something that everyone valued.
The solution to bartering eventually beame money…..things like precious stones unlike goals, silver, or currency for a time. During the early text of the United States, beautiful seashells were also considered to what is called a “store of value.”
Add value to something you do.
Since money was considered a store of value the rule of making more of it, is adding value to every thing you do.Godfrey kuma
Your most valued financial asset is your earning ability. Now we’re does the money come from? What happens is you trade your labor (mental, emotional, or physical) for money and you buy the results of labor of someone else whether it’s be at the grocery store or the car dealership.
So if you want to be paid more, promoted faster, it increases your earning ability, you have to increase the value of the work that you do. Because we trade our labor for money and then we trade that money for order people’s labor.
Six ways to make more money.
The thing about money is that you can have all the money and earn it honestly. by contributing value to other people. Whether you are just starting a family or you are just quickly approaching your retirement years. The sick tips below will help you add to your family’s income and improve your quality of life.
1.ask for a raise
If your current job isn’t providing you with the income you need to achieve your financial goals, another possible solution involves asking your employer for a raise.
In see cases, an employer may be willing to raise your slary simply because you made the request, especially if you are a valuable employee who has been with the company for a long time if your employer won’t give you the raise you requested, consider looking for another possible in your field with better pay. You may also be able to increase your pay by applying for a promotion with same company.
- Tired of your regular 9-5 why not consider freelance writing.
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- Ignoring financial problems won’t solved your financial problem. Vital financial areas to give thought of.
But also put in that not the amount you earn that make you rich, but what you are able to keep. So even when expecting a pay raise you need to go for financial education.
2. Consider starting a side business.
In many cases the income earn from your job won’t be enough to meet all of your family needs.
In other cases, the income can meet your basic needs, but it doesn’t provide you with the extra money you need to save for retirement or pay for a vacation.
One solution to this probly is to start your own business on side to earn some extra cash however, it is important to keep in mind that it can take long for a new business to become successful, so you shouldn’t expect to see a dramatic increase on your income over night.
And even after you have start the business you must commit to success.
3. Invest in real estate.
Although this strategy requires a long-term commitment, investing in real estate is another great way to add to your family’s net worth and or put away money for retirement.
You may choose to invest in a rental property that provides you with income in a monthly basic, or you may opt for a property that you remod And sell for a profit. Some investors also choose to purchase real estates that they believe will increase in value on it’s own overtime.
Invest in the stock market
Investing in the stock market is a money making strategy that can be highly lucrative if used properly.
However, it is also important to recognize that stock market investments are not without risks. If you make the wrong choices or try to move too quickly, you can loose a significant amount of money in stocks.
For this reason, if you choose to invest in stock market, you should consider working with a qualified investment advisor who can help you minimize risks and maximize profit.
5. Live on a budget:
Most families are spending more than necessary each mouth simply because they aren’t on an appropriate budget. Take inventory of all of your expenses and eliminates any bills you need to pay.
For example, you may find that your cellphone bill is much higher than it needs to be or that you are paying too much for car.