There is a minimum wage law, but there is no maximum wage law. Employers are forbidden to pay below a certain amount, but there is no upper limit to how much a person decides to earn for themselves. Likewise, there is no law restricting the number of incomes’ a person may acquire for themselves. Generally speaking, it is not smart to become completely dependent upon just a single source of income. If that source dries up for any reason, then your single income will disappear too. And that will lead to disastrous results. But if you had multiple streams of income, if one were to disappear it wouldn’t be the end of the world because you would still have money coming into your household. The wealthiest people in the world have multiple sources of income and do not become dependent upon just a single source. It is a joint operation amongst all your incomes. Becoming The Wealthy You! is the same. You will find yourself looking for opportunities in which you can acquire additional sources of income. Once you focus your mind on that mission (the human mind will produce more of whatever you focus it on, so have laser sharp focus on your goals in life. Those goals are your decisions), you will see opportunities and chances at increasing the amount of sources of income everywhere you look. This is good. Waiting for orders, letting your hands lay idle will lead to poverty. This is The Wealthy You! not The Poverty You!.
So, how do you do that? Great question. We all need things and have problems to deal with in life. If you aim to either provide the things that we all need in life like food, cleaning products, clothes, energy, shelter, entertainment and numerous other things or aim to solve problems that are troubling people, then you will discover people all over the place will be more than happy to trade in their money for your product or solution to a problem. If one person needs those things or is plagued by a certain problem, then odds are that potentially millions of people around the world will need those same things or is affected by those same problems. McDonalds provides food that people around the world purchase from. Ford provides transportation solutions. Tesla provides electric car options. Apple provides communication. Google offers advertisements for producers and information for consumers. Bring water to your village in a pipeline instead of buckets and you will serve more people in your village than the person bringing water in buckets. But none of that happens without first producing your product. That is taking the initiative and leading by example (OFFENSE).
Maybe you have an idea that you have been pondering or maybe you have created something that has helped you with your line of work. If it is something that you created and has been useful for you in your work, then odds are that other professionals in your field will benefit from your creation and will be more than happy to trade in their money for your creation if it helps them in their life. This is the path of pursuing self-interests. Pursuit what interests you, develop as much as possible, then share it with the world and the people who may be directly interested in what you produce and provide. The United States mentions this in the first sentence of the second paragraph of the Declaration of Independence: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness”, July 4th, 1776. Another event happened in 1776 that became the premise of the United States economy and other capitalist economies, The Wealth of Nations by Adam Smith was published. This book continues to influence our economy today with astonishing results. The book is extremely nuanced and breaks down economic activity to the smallest details, but the overall message of the book is that economic development and human development happens most effectively when people are left to their own accords to pursue self-interests. I.E. pursuit what interests you and share it with the world, literally as many people as possible. Your interests should especially be shared with as many people as possible if there are legitimate issues that you are able to solve or diminish. Pursuit self-interests that will positively benefit other peoples’ lives.
Another example, providing a place to live is a major issue plaguing cities throughout the world. Having a single place to rent out to someone that provides a roof for them is you helping solve the housing crunch. It may be small but it is better than sitting on the couch and twiddling your thumbs. Twiddling thumbs haven’t done anything for anyone ergo, no one is going to trade in their money for you to twiddle your thumbs. But someone will trade in their money if you provide a roof for them (Rule #1 money is a means of exchange). Now imagine providing a 300 unit apartment building to your community to provide housing. It is better for people to live in a structure than it is to live in an RV on the streets or a tent under a highway overpass.
The more service you can provide to people, the more people you serve, the more people there will be that are willing and volunteering to trade in their money for your service. When you don’t serve other people, then there won’t be anyone trading in their money for the zero service you provide. That is the moment people tend to hold up a cardboard sign (a trash item) on the side of the street asking passersby for as little amount of money as possible. That is The Poverty You! not The Wealthy You!
Next on The Wealthy You! – OFFENSE; Put your collection of money and value to work for you. The more money you collect and put to work for you, the more money there will be available to work for you. Money doesn’t have a physical body to maintain, which means that it will literally work 24/7 for you until you say ‘stop’. This is compounding interest and investing. Make money work for you every hour of your entire life.
Become The Wealthy You!