How can I earn lots of money?

Posted by Fitz Villafuerte under Personal Finance on January 9, 2019

Many people are asking how can they earn lots of money. Some are looking for ways to make money fast today. Most want to make money online and are looking for free ideas, especially those that don’t need a big capital or investment.

Here’s my quick personal opinion.

Answer:

We all want to earn lots of money. And there are actually a lot of ways to do so. My answer will be to basically break down the most effective ones that I’ve seen.

First, is to climb up the corporate ladder. Be a team player and work your way up the company until you get the high payouts of executives.

Second, is to be an authority on a particular field as a professional. If you’re a doctor, for example, be known for a specialty and people will seek you.

Third, is to own a business and earn from dividends. Most billionaires do this route, and you actually need just one successful business to become rich and earn a lot of money.

Fourth, is to earn from royalty. Invent something and earn from your patent. Unleash your creative talent and earn from your song, or movie, or book.

Fifth, is to create multiple sources of passive income. This is basically doing everything above, but to a lesser degree. And just let the income from various sources build towards massive cashflow.




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