To understand the secret of how to make good money is to unravel the mystery of why you are not making the kind of money that you need or would like.
What is the secret to making good money?
Why is it that some people make more money than others?
Is there no secret to making good money?
Dictionary.com defines a "secret" as a reason or explanation not immediately or generally apparent. If a secret is something that is not generally apparent, then the key for making good money must be a secret.
The manifestation of this is the tolerance of a lackadaisical approach to the education of many of our young people. “Hanging out”; spending long hours playing video games; spending long hours watching TV; or escaping reality with drugs is evidence that young people especially, as well as their parents do not fully comprehend the secret to making good money.
If the secret to making good money was better understood, wouldn't parents whom love their kids have more of a necessity level to ensure that their kids are being better prepared to be responsible adults in a competitive world?
There is a lot of misunderstanding surrounding how to make good money. As long as there is a misconception about the best way to make good money, then one is at effect of the potential for making lots of money.
If one does not know the secret of how to make good money, then one has less control over financial planning.
Once you know the secret to making good money, then you know what you need to do to earn good money. You may choose not to act upon that knowledge. But you are making that choice from a point of being at cause, rather than being at effect. To make good money, you need to know what you need to do.
If you do not understand how to make good money, you may not choose a career path wisely. Many people end up at a career, rather than choosing their career. They go where ever they can get hired. That ends up being their career. You are at affect of what career you end up at, if you do not understand the secret of how to make good money.
Have you ever wondered how some people can work less than others, and still make a whole lot more money? What is their secret to making good money?
Is the secret of how to make good money in working harder, or working longer hours? Many have had that misconception. Is the secret to making good money in who you know? Some people will tell you that. Some people will tell you that the best way to make good money is to be in the right place at the right time. Is the secret of how to make good money in getting an education? Maybe, making good money is just a matter of luck or accident? While all these may factor into making more money, they are not the fundamental key to making good money.
What is the secret of how to make good money?
The secret to making good money is so simple that it is too often overlooked. It is a well know fact that what drives the price of goods and services is supply vs. demand. In like manner, the fundamental key to making good money is...having the SKILLS to be able to exchange value that is high in demand versus the level of supply.
Your level of income will be based on the demand for your ability to exchange value with society.
Your income will be based on the market value of the goods, services or other value that you are able to exchange for money.
What are your talents, knowledge, professional level of performance, character and social skills worth to society? These all affect your ability to make money.
If you have an average level of skills available for you to make money, then there will be a lot of competition for the jobs available for your level of skill.
How prepared are you to deliver value that is in demand? Is what value you have to offer society in high demand versus the supply? Or does what value you have to offer, have a high supply in relation to demand? You get paid according to the market value of goods or services that you can provide.
There are many talented college grads, with many years of training that are out of work. Why, because there is a high supply in relation to the demand for their field of study.
If they had understood the secret of how to make good money before they chose that field of study, would they still have chosen that field? If they had majored in a field with a low supply in relation to demand, then they would probably be working today and making good money.
(The supply of college educated job seekers is higher during economic downturns.)
To become a highly paid skilled professional welder, it would take less than four years. Yet the welder will get more steady employment and make a lot more money than most four or six year college grads. Why, because there is a low supply of good welders and a much higher demand.
Why are there so many good actors and actresses that are "waiting tables"? Look at the amount of money an actor/actress can make. Apparently there is a high demand for professional actors and actresses. The problem is, there is also a high supply of good actors/actresses. There is a much higher demand and lower supply of excellent actors/actresses.
There are many good athletics that are not making a living in the sport of their talent. That is because there are many good athletics. There is even more mediocre athletics. Those that achieved excellence in their fields are in very high demand and go on to make lots of money.
There is a high demand for excellent performance and very little supply. There is very little demand for mediocrity and a very high supply.
How do you achieve excellence in your field? You have to work at it. Those pro-athletics are at the top of their game, yet they still practice every day. Why, because they understand that the best way to make good money is to stay in demand. To be in demand in a competitive field, demands being the best.
An excellent actor/actress gets paid top dollar. They did not start that way. They probably started off waiting tables. He/she achieved high levels of skill or value, before they were in such high demand to make their best money.
People that are in high demand are the ones making lots of money.
If you don't make plans for yourself, you will likely have to fit into someone else's plans. #DarrenSupport— SiteSell Inc. (@SiteSell) July 2, 2010
Don't limit your goals to what YOU know how to do. Find someone to help take you to the next level. #WendyCoach— SiteSell Inc. (@SiteSell) June 15, 2010
Don't waste time doing things that don't lead you to your goals. My goals include financial security & strong family relationships.#CarlaQA— SiteSell Inc. (@SiteSell) July 5, 2010