Science of Making Money (Explained)
Science of Making Money
Science of Making Money relates to the Law of Money.
How many of you knew there was a science of making money?
Well, I know for a fact that many people are unaware of this principle.
Honestly, I didn’t even know about it until it just landed in my lap (in the form of a video presentation).
That presentation really put things in perspective for me, because I was going at it ALL WRONG.
Therefore, I figured that if I was doing wrong, then perhaps there’s others out there doing it just the same.
Hence, this Science of Making Money post.
Before I actually begin explaining the science of making money, let me quickly dispel a few myths.
First, hard work does not always equal more money.
This is something that took me a while to actually comprehend. It’s because I have always been told that if you work really hard at something, you will surely make a lot of money at it. Therefore, I would bust my butt off day and night, working hard to achieve success.
And, yes, I was able to make some money from my efforts. However, when you understand the science of making money, you get an understanding that you can earn a lot of “more money” just by knowing the science behind it. And that science doesn’t always equal 12-15 hour workdays.
Secondly, being consistent doesn’t always mean you will make more money.
The same applies for this as for the the first. Meaning, you can have a system in place to ensure you are consistently managing your business effectively and you are knocking out the tasks and goals you have set each day; however, it doesn’t always mean you will earn more money.
Thirdly, education and intelligence doesn’t always mean you will make more money.
I know some really smart people who are broke, and I know some people lacking intelligence who are super rich. So, it’s not always the smartest people, in terms of intelligence, who make the most money. It helps, but it is not always the deciding factor. Look at Henry Ford & Former President, George W. Bush
What ensures you will make more money is knowing the science of making money.
Science of Making Money – How Money Works
The Law of Money (transfer of money)
- Person “A” has money
- Person “A” gives money to Person “B”
- Now Person “B” has money
Does this look familiar?
It should, because that’s how we acquire money. Money is acquired through an exchange.
Being smart on how that exchange takes place is the science.
For instance, when you work for someone, you trade yourself for money. Now, there’s a name for that, but we won’t even go there right now.
On the other hand, when you work in sales, you trade a product or service for money.
Which one do you like best, trading yourself or trading someone’s product (or your own) for money?
Personally, I prefer the second option. Because the first option is not advantageous because that’s one guy giving you money, your boss.
What if that person died? What if that person fired you? Then you’d have to go look for another boss or another job, right?
In sales, your dealing with hundreds of thousands of customers. If one person quits, you still have thousands of other customers buying and purchasing your products and services. Now, I call that smart!
The Science of Making Money – Remove the Middleman
Still, there’s even a better way to perfect this model (the science of making money).
What you do now is remove the middle man, the hard work you do to manage your business, and outsource those tasks to someone while you go to the beach. Yep, who said you had to be glued to your computer in order to make money? Who said you had to work hard to make more money? Who said you had to be on the phone day and night talking to customers and prospects in order to grow a thriving business?
Because the truth of the matter is, you don’t!
Isn’t that just beautiful!
I think it’s gorgeous, because the science of making money in this industry is to outsource those tasks that you don’t want to do or the tasks that you don’t like to do and/or that are not making you money. That’s how you cut down the number of hours you work while you go out and enjoy life.
Because really, isn’t that why we all joined this industry, to have some FREEDOM? By the way, if you missed the intro video to this post, check it out at the following link to feel my passion towards FREEDOM: Fast forward to the 3:35 mark in this Video.
Limiting the number of hours you work while earning more is one of the concepts mentioned in the book, The 4-Hour Workweek.
If you haven’t read it yet, I suggest you purchase it right now. It’s definitely a good read.
The 4-Hour Workweek: Escape 9-5, Live
Anywhere, and Join the New Rich (Expanded and Updated)
by: Timothy Ferriss / publisher: CrownArchetype
sales rank: 241 / price: $11.61
(new), $9.11 (used)
The 4-Hour Workweek: A BookCaps Study
Guide by: BookCaps / publisher: CreateSpaceIndependent Publishing Platform,published: 2012-05-29
sales rank: 2001289 price: $6.99
|More than 100 pages of new, cutting-edge content.Forget the old concept of retirement and the rest of the deferred-life plan–there is no need to wait and every reason not to, especially in unpredictable economic times. Whether your dream is escaping the rat race, experiencing high-end world travel, earning a monthly five-figure income with zero management, or just living more and working less, The 4-Hour Workweekis the blueprint.This step-by-step guide to luxury lifestyle design teaches:
•How Tim went from $40,000 per year and 80 hours per week to $40,000 per month and 4 hours per week
•How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want
•How blue-chip escape artists travel the world without quitting their jobs
•How to eliminate 50% of your work in 48 hours using the principles of a forgotten Italian economist
•How to trade a long-haul career for short work bursts and frequent “mini-retirements”The new expanded edition of Tim Ferriss’ The 4-Hour Workweek includes:
•More than 50 practical tips and case studies from readers (including families) who have doubled income, overcome common sticking points, and reinvented themselves using the original book as a starting point
•Real-world templates you can copy for eliminating e-mail, negotiating with bosses and clients, or getting a private chef for less than $8 a meal
•How Lifestyle Design principles can be suited to unpredictable economic times
•The latest tools and tricks, as well as high-tech shortcuts, for living like a diplomat or millionaire without being either
That’s just an example of how you can earn the most money while working fewer hours, so that you can enjoy life with your spouse, children, and family. If you want to know the plan I am personally using to create wealth, watch the Science of Making Money Webinar on this website.