Understanding money; how do you make money?

in #money7 years ago

Money is value and value depends on the market.

If the market is overwhelmed with offers the value goes down, if there's under served market the value goes up.

Everything is like based on demand. The bigger demand – the bigger the value. If there's no demand – there's no value.

That why you can't make money if you haven't got anything to offer, like:

1.Time
2.Knowledge
3.Resources

Your money situation is equal to the value your bring to society. I won't talk about how investment works, but I guess in the same way. I'm not an investment guru.

Easiest way to get money is by selling your time/effort, but if you have nothing to offer and have no knowledge and skill – nobody's going to give you work. Nobody needs slackers.

In order to get money you need to think about the value you're providing to society. The more value – the more money you get. If you put a lot of energy and effort into valueless actions – you won't be earning a dime, if the systems are not corrupt and work by the law and order.

Of course you can steal money, but that's effort and risk.

Here I'm talking about ways to earn money.

Really doesn't matter what you do. You can be a writer, you can be a painter or vlogger or a basketball player or a cashier at a shop – the more value you give, the more money you earn.

Your best bet is to think of ways how to benefit the society by creating valuable and remarkable products. Not all products have the same value and value itself is subjective.

To understand value you have to think it this way. If you can sell something instantly at the most expensive price – you get value of a product. Although value is not the same as price.

Because you can get a coke for 0.80 Eur and you can get coke for 0.50 Eur, so the value of a product is the lowest price [if I'm saying it right] You know what I mean.

Value is monetary worth. You can buy coke for 0.50 Eur , but you can't sell it for 1 000 000 Eur.

When you create a product – you decide on it's price, but the market will value the product and if product delivers the expectation for the price – then people will buy it. But if your product fails to deliver the expectations – nobody will buy at price you've decided.

To create a product – you have to have a demand for it or create a demand.

We all know that writing is valuable, but it depends on the article itself. All good articles or books about money, investing are worth money, that's called an investment into knowledge. When you invest some money in order to learn and educate yourself in any field. You buy a book, or read an article and hope to get knowledge. If you read through an article this means that the article was worth your time and it has value. If you skipped the article or didn't buy a book – it means that book has no value for you.

If you don't drink coke – it has no value to you, but you could resell if you had a great deal. The same goes with books and articles.

The more value you provide to society, the more successful you are. Although it's harder with art and literature. But if your product is like kicking ass and gets traction you will become rich eventually.

If the market is over-served – your product loses value. If there was only one text book on how to earn money – it would be very valuable, but since there are many – they all compete with each other in order to get your money and deliver the promise.

If you're a writer – you want to write in under-served market to get the bigger share of the market. If you'll go to the market which is very competitive it will be hard for you to earn money. Also when writing books or articles your reputation is also key. The more experience you have in a field – the more likely your product will be good.

Because I know there are a lot of people who write get rich quick books and earn money. If you want in demand writing opportunity – write about money, money articles are always in demand as long as they get seen by other people.

Everybody wants money fast, easy and effortlessly. And if you could solve this problem and it could be applied to everybody – you would become rich or your blog would sky-rocket.

Non-fiction is all about problem solving and educating.

Piece, broski.

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Love your way to express a point of view. Congratulations, this is a wonderful post.

Thanks man. When you write a lot – sometimes something good comes out :-)

Good post buddy!
Sometimes we loss control on money, instead of controlling money, money controls us.

good post, I like your post ..

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