There is a huge myth that going to a great school and getting a great job will help you build wealth. In reality, it’s more likely to bury you in so much debt that you’ll be close to retirement by the time you’re debt free. When I graduated from college (we won’t say exactly how long ago that was!), I had friends that had already accumulated about U.S. $80,000 in debt. And for some of those friends that went to med school or law school at my alma mater, they tacked on another $100,000 of debt, for a total burden of close to $200,000. In today’s dollars, that debt would perhaps be more than $325,000. So in the first year after completing their formal education, some of my friends already had a minimum $2,000 προς την $5,000 monthly payment that came off the top of every paycheck. Anyway you slice it, this is an enormous abyss with which to start your journey of life.
I know that many people will have a difficult time believing my next statement, but an examination of history will support my next assertion. The great expense tied to elite institutions serves two purposes. (1) To provide a network/structure by which the moneyed elites can retain power; and (2) To burden the non-wealthy with enormous debt. In the seminal book Education and the Rise of the Corporate State, Joel Spring wrote that “the development of a factory-like system in the nineteenth-century classroom was not accidental”. Russell Conwell, a member of the wealthy elite and founder of one of America’s oldest educational institutions, Temple University, voiced sentiments he believed should be integrated into education:
“The men who get rich may be the most honest men you find in the community…Ninety-eight out of one hundred of the rich men in America are honest. That is why they are rich. That is why they are trusted with our money…It is because they are honest men….the number of poor who are to be sympathized with is very small. To sympathize with a man whom God has punished for his sins….is to do wrong.”
Elite Jobs that Build Wealth are Rare
In essence, elite education builds a caste system financed by debt. There are two predominant scenarios which students of elite educations face upon graduation. There are those that emerge from these schools debt-free and really didn’t need the advantage of an elite education anyway, and those whom are burdened with debt and will become cogs in the machine for the interests of the debt-free. For those that believe that they can dig their way out of this huge mountain of debt by working their way up the corporate ladder in the land of opportunity, think again. In 1965, CEO’s in America earned about 24 times as much as their employees. In 2006, CEO’s in America earned 262 times as much as their employees (Source: BBC News, Ιούνιος 22, 2006).
Furthermore, in 2005 and 2006, CEO’s from the 11 largest U.S. firms collected U.S. $865,000,000 in salary at the same time their leadership caused shareholders to lose U.S. $64,000,000,000 in company stock. Whether or not their leadership destroyed billions of dollars of wealth in the stock market was irrelevant. They were still rewarded. Such is how the modern-day caste system works.
Unless you will be studying engineering, law, architecture, or medicine, most formal education is not only irrelevant to building wealth, but you are certain to build it much more quickly if you become an entrepreneur and/or learn to invest properly. My opinion on formal education will only change when the majority of schools begin teaching what is truly necessary to succeed financially later in life. And that includes classes on:
(1) Investing in stock and non-stock assets
(2) Leveraging money
(3) Leveraging time; and
(4) Building successful networks (it’s not what you know, it’s who you know)
As it stands now, one can go to Harvard or Oxford, earn a doctorate, and still be ill- prepared to build wealth. Undoubtedly, the network that one builds at these types of institutions is exponentially more valuable than the education one receives.
Well ive got lots of idea, you can scroll down and read a few of them. everything from internet advertiseing to home security. The most important things to remeber when trying to make some money
A. Find others that are making money easy and do what they do.
b.Dont give up, remeber easy money isnt always easy to start.
c. When you hit on a truely good idea dont share it with anyone that you may be competing against.
1) Lets get this straight ok. Million dollar bank balances are numerical in nature. By that I mean a million bucks is not made up of 1 large million dollar bill. Its made up of exactly one million single’s. Or to go to the lowest common denominator, its actually numerically made up of One thousand, million (or 1 billion) cents.
Make money fast and easy by thinking of money as numerical and therefore exponential. A dollar that you hold in your hand is the same as $1 million dollars. No difference at all. Its a seed that grows into a tree, then that tree spurrs more seeds. (I apolgize for the metaphor, but how else can we put this so you understand the nature of the reality as it is)
2) When you approach your 1 million dollar goal, you are biting off much much more then you can chew thinking about that million.
To make money fast and easy always think small. Refine, refine, refine. Then duplicate, duplicate, duplicate. Are you with me? Is this making sense? Make a simple little mouse trap, then make lots of mouse traps exactly the same way.
3) Find demand and supply into that demand.
To make money fast and easy, even before you think about “what” you will do, you are going to research demand. You will become an expert at sniffing out needs. This skill is a millionaires bow and arrow. Let me tell you, most millionaires couldn’t hit the side of a barn much less the bulls eye. But they DO know this. So their aim is not important. What is important is that the target is nice and gigantic. How can they miss?
Trust me, its what millionaires do, its how millionaires think. Always supply into Fat juicy demand where the pickin is easy. Do you want medals of bravery or a million bucks asap?
4) Have a structure you never deviate from.
They always failed to plan when they planned to fail. Once your research is done never deviate from it. Give it a good run but if it doesnt work out for you then move on without shedding a single tear. Chance and “chaos theory” are fascinating things. Probability is what millionaires deal with. They never delude themselves into believing in absolutes.
To make money fast and easy, you will not work backwards or second guess yourself. Plant yourself firmly in the middle of the road on the high side and go forward. Don’t make it up as you go. Stick to what your demand planning told you to do. Many give up after 1 failure, but probability is a funny thing. We think we can control it, but even when all your ducks are lined up in a row, it may not work. But give it a chance and let it prove itself and you may find over a number of attempts you will get the results you expected.
5) Diversify AND Go deep.
They call out diversify when it comes to investing. Fair enough. Things change and relying on just one source for your income stream is dangerous. And it is. But there are two sides to every coin.
The pareto principle states that reality and probability are stacked unevenly. We as rational human beings think of everything as equal and even. However scientific evidence and business experience tells a different story. The pareto principle is also known as the 80/20 rule. It states that 80% of your results comes from 20% of your activities. Is this significant if true? You bet. It means that of every effort you make, of all the many things you do to manufacture your results, only 20% actually is responsible for a large proportion (in fact 80%) of them.
So what does this mean in English? It means you can easily quadruple your results by finding out what that special 20% activity is and stop doing everything else. By focusing on just that 20% activity you will not only increase results, but you will create a new pareto principle refined of the old one at a higher level. In this way you move forward and evolve your activities to higher and higher levels.
To your health and rapid success.
When a very popular movie comes out, it’s almost impossible to get tickets on opening night. Two local guys have turned this fact into a business. When blockbusters like Independence Day, Star Wars Episode II, Matrix 2, etc. come out, they buy tickets early and then actually scalp them right at the movie theater for $20 each. When true fans show up at the theater and are told that all of the showings are sold out, many of them will happily fork over the extra money to see the film they’ve been waiting for… rather than having to go home empty handed. It’s downright conniving, but these guys make about $400 a night when a well-hyped movie opens.
The reason why pizza is so popular in America is because of home delivery. I know people who aren’t even particularly fond of pizza, but who order it anyway because they don’t have any food in the house and because they don’t want to go out. Here’s a way to take advantage of that tendency. Offer a service that turns EVERY restaurant in your area into a “home delivery” restaurant. By offering a flat fee of say, $5 or $10, to home-deliver items from any restaurant, you will be absolutely SWAMPED on the weekends. I know a guy who does this JUST for the local “Outback” restaurant, and he gets 15-20 orders a night on Friday and Saturday. And since he only delivers to homes with about a 5 mile radius, he doesn’t waste much time. This would also be the kind of business where you could actually hire a couple of drivers on-the-cheap, and expand the business tremendously.
I Am gathering together here a few of the most popular Online Business products currently available. These are popular for a good reason – THEY WORK!
Google Adsense is my favorite.
To make money with google adsense you 1st need a website that has lots of visitors.
“Ill discuss how to make websites and how to attract visitors in a future post.”
If your wondering our wonder whats google adsense.
AdSense is an advertiseing program run by Google.com And Website owners can join free in this program to enable text, image and, more recently, video advertisements on their websites. These ads are run and owned by Google.com and generate revenue on either a per click or per 1,000 impression basis. AdSense has become a popular method of placing advertising on a website because the ads are less annoying than most other ads or banners, and the content of the ads is often matching and helpfull to the the website.
So to get started making money with google adsense, remeber you must 1st have website that gets at least 100 ore more visitors a day..
Then sign up for the program place the ads and your all set, you probally wont make but 1 or 2 dollars a day to start but if you have many popular websites and you stick with it and read eveyrhting you can about the program then youll be making money with adsense in no time..