Sometimes it is difficult to know if you are taking the right approach most especially when it comes to making money. If you want to make money at a steady pace, you are at the right place; this is just one of our many posts that tell and shows you how to go about it. There are a lot that really want to be rich but are not doing what it takes to get rich but taking your time to get knowledge means that you have achieved this goal already. Below are some of the basic things that doing them can make and keep money for you.
Identify the exact sources that can bring money for you.
There is an inexhaustible money on earth. The money available in this world cannot be finished because it’s the mind that makes money first before it come to reality. Money is like a water in a well or a river which you must go and get it if you need it. Just as a plumber knows how and where to fix pipes and pumps in order to bring water from its main source to the desired place, if you must make money and keep making money and also hold onto money, you need to identify the sources that can bring the money to you. Afterwards, know how you can fix money-pipes and pumps to yourself. As it’s popularly known, “money doesn’t fall from the sky” therefore, there have to be a channel that streams it to where it’s wanted. Therefore, what do you know that can be a source of making money for you? For example, a skill or talent.
Do what is expected of you and remain in constant self-education of that niche
After you identify the source or sources that money can be pumped from, the next step is to put the pipes in place that is what you must do with those sources in return for the money you want. For example, you found a source of money in farming. What do you need to do so that farming money can flow through your pipes? Do you need to go into farming or you can buy crops and sell instead? Learn what it is that is required of you and do it diligently.
Ensure you are doing things that can bring the money for you accordingly.
We have made mentioned of this in the last sentence of the previous paragraph but it is worth repeating because doing something is not the same as doing something well. There is no room for “anyhow” in the pursuit of wealth. Is either you do it well or leave it. No bypasses. And please note that doing what is required off you does not always mean hard work alone. You also need smart approaches to your actions.
Duplicate the sources.
When you ensure that your money pipes and pumps are working smoothly, the next thing is to increase their numbers. What I mean here is that you should double or multiply those channels or means of your earnings so that you can make more money at the same time. For example, you planted on one farm and your last harvest was bountiful and you made a lot of profits. The next step is to get another farm to add to the existing one so that profit can increase using the same amount of time. Keep repeating the process till you are satisfied with your incomes.
Permanent your wealth.
After you have channels that stream money for you, the next thing is to permanent your money by acquiring properties that appreciate in value and cost you little or even nothing to maintain. This way, even when your money pumps encounters any issues you have already secured financial stability and freedom.
Grow and train others as you develop.
You have a source of making money and you are at work making your cool money but remember you also indicated that you want to build wealth as well. You can build wealth and one of the ways to start making this move is carrying others along with you. You can manage money alone but you need others to manage wealth and you would not want to be a millionaire before you start keeping loyal people around you. They may be loyal to the wealth not you. Therefore, take your journey of building wealth with others from this stage.
These 6 steps can make money and build wealth for you if you put them into action. They are easy to read and make plans towards achieving them but realising it can be hard and slow. None the less, it is very achievable so, let’s meet you at the top!