A wealthy friend once told me that there are many ways to make money, multiple approaches to acquire wealth, and many of them are effective. The way that I am making money is absolutely fine and there is nothing wrong with it. The only issue is, when comparing us mere commoners with them zillionaires, the way that we are making money is way too slow.
There are essentially 3 ways to make money:
First, and the most common one, is using our time in exchange for money. Most of us work for an employer, and our boss pays us accordingly for our time and effort.
Second, using other people’s time. Employer profit by engaging others and utilising their time and effort to generate income.
Third. Making money automatically, 24/7, even when you are sleeping or on holiday. Some examples of this include rental income from properties, interest income from crypto staking and bank deposits, advertising revenue from online content and apps, digital downloads, and royalties from IP, intellectual property, among others.
Most of us go through life making a living with a combination of these 3 income streams.
Now, the billion-dollar question is: how can we accelerate our money-making ways just like those zillionaires?
