How to Make Money - rule #3

Knowing how to make money is wonderful. It's concept #3 of the money game, and it's essential if you're going to generate income, increase the amount of money you earn, or diversify your sources of income.

When you start making money, you're in the game. You're on your way to accumulating wealth.

To be a better player, it's best if you continue to enhance your knowledge about making money. The more you know, the better player you'll be.

Learn how people make money. Some people beg, gamble, solicit, request, steal, assess fees and taxes, work for it, trade for it, blackmail others, earn it by letting others use their money, and of course simply print or coin it.

The approach you take should be geared towards something legal that matches well with your skill set, natural interests and inclinations, experience, and life plan.

A law class that I took in college was taught by a young defense attorney who demonstrated a keen awareness of the money game. He said there were three things you had to remember about being a defense attorney: 1) get the money; 2) be right; and, 3) get the money.

It's clear to me that he understood the money game very well, and had a distinct focus on rule 7 - make regular income, and rule 8 - make sufficient income.

Speaking of college days, another professor of mine was convicted and imprisoned because of a precious metals scam he was running. He knew how to make money, he just didn't pay attention to the legal aspects of income.

Ironically, he was part of the criminal justice program, so now he's way more qualified to teach than he ever was - he now knows the system from the inside out. Nevertheless, I doubt he's any more enamored with the pay now than he was when he sought to supplement his income with an illegal activity.

Done with Learn How to Make Money, back to The Money Game

There certainly is a broad scope of topics here at Frugal Living Freedom. When you think about it, money permeates so very many activities in our lives, therefore, being frugal encompasses a wide range of interests, from being employed to taking a vacation, and just about everything in between. Enjoy the variety, pick up some new ideas, and start making frugality a part of your signature.

I'm a big proponent of being debt-free, and I mean entirely debt-free - no mortgage payment. It's not essential for financial freedom, but you'll love the feeling once you get there. If you didn't have a rent or mortgage payment, how much more could you do for yourself with your current level of income? I suspect plenty.

If you ever hope to see an abundance of wealth, you need to plug the hole in your boat. The wealthy don't necessarily make lots of money, instead, they know how to hang onto what they make, and make it work for them.