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What's your philosophy on making money?
@beautyqueen26 (16030)
United States
May 24, 2008 9:34am CST
This is my philosophy. It's worked for me and proven true, time and again. Everyone has their own niche. It's the one (or two) things at which they excel. And, if you find your niche, you'll make money. Some people are excellent craftsmen or crafters. Some people love animals. Others enjoy building websites or blogging. That's my specialty. It took 30 years to find a niche that is both fun and profitable. But, I'm sure it wouldn't be profitable for everyone. You can't simply copy-cat another person's success and make money. It doesn't work that way.
If you find your niche, you'll make money with hard work. But, it will be more fun, so it won't feel like hard work. So, I guess it's all about perception. But, if you're doing a job (online or offline) that you really hate, then, even simple tasks will seem like agony.
What's your money making philosophy? And, I'm not talking about get rich quick schemes. Or affiliate programs, either. I mean, what's your financial plan for the future? Do you have a guiding principle money wise?
1 person likes this
2 responses
@Insung001 (740)
• Philippines
24 May 08
I totally agree with you about finding the niche. I've been trying to do that but to be honest, until now, I'm still in the dark in finding what my niche is. Maybe because I'm a "jack of all trades, master of none" type of a person or some reason like that, that i'm having difficulty finding out what aspects or things I'm really good at.
And yes, I do have a philosophy, and guiding principle money wise. Some say work smart rather than work hard. I believe in that, and it's a lot better if you can do both. Financial plan for the future is always my basis for whatever I do concerning money, spending, saving, and investing. Before I spend money or jump into a certain investment, I always ask myself first if this is in-line with my financial plan, or will it benefit me long term to the point of my retirement. I don't want to grow old broke and poor, nobody does. So I think now is always the best time to think about the future.
2 people like this
@beautyqueen26 (16030)
• United States
24 May 08
Very relevant comments! Certainly budget is something that I'm always having to keep in mind. I have spent lots of money in the past on various gadgets and ended up in dire straights with nothing saved for emergencies.
This past time when my spouse had lost his job, we were prepared financially and breezed through it. We had so much saved that we were able to purchase a replacement vehicle when our car finally broke down plus pay daily expenses until he could find a new job.
I am a very thrify and frugal person by nature, meaning that I don't like spending money, unless I have to do so. We buy everything we need, but not everything we want.
Of course, the kid gets everything she wants. That's just a fact of life and it's not going to change.
But, for me and my spouse, we try to limit our "wants" to basics that we can pick up inexpensively and plan the big purchases according to our long term financial goals.
Your comment is so very appreciated because it does point out the importance of keeping both eyes on the future. And, sometimes I think that people don't even acknowledge that their will be a future and live as if today were their last. Thanks for dropping in. Be well.
1 person likes this
@Insung001 (740)
• Philippines
25 May 08
Having a distinction between "needs" and "wants" is always a good thing to start sending wisely. I believe this is the basic start if we want to be serious in saving money and for the future.
By the way, Thank you so much beautyqueen for that pencil in my response. I appreciate it. Take care.
@grammasnook (1871)
• United States
25 May 08
Well I know what my niche is, but I just do not know how to make a business out of it. Would you have any suggestions?
I excel with dealing with people that have Alzheimers from stage one to the end. I do not have a degree but have deeling with them for the last few years. Anyone that has seen me in action will always say I have a gift. Perhaps a helping hand or two to help me figure this out? Thanks!
1 person likes this
@beautyqueen26 (16030)
• United States
25 May 08
I am really going to be thinking this one over and if I run into anything I will pass it along. One thing does occur to me. In our area, they are always needing CNA's and they make pretty good pay. Usually the patients are Alzheimers and elderly patients. And, it doesn't take a lot of time to train. Usually less than six months. Sometimes just a few weeks training on the job, depending on where you go for training. Compassion is the biggest qualification. It does seem you have that quality in abundance. Maybe there would be a similar need in your area.
@grammasnook (1871)
• United States
25 May 08
Oh beauty I am already in the field, I am trained but I have a gift to be able to put myself in thier shoes and can usually see what they are seeing because listening to them is the key. When a person says niche I think of some kind of business with informational value in this. I get really really good money being a Residential Manager for the mentally challenged. I was looking for an idea to hopefully start something online for extra income. I thought maybe like a dear abby type of thing but being able to charge for services to help people at home with loved ones to deal with different stages, to teach them how to go through the system and get what is rightfully the individuals. So it would be like hiring me for help verbal of course.. whether they do it on a website or they need to make a call. Maybe charging a member fee for the year. I just do not know was searching for something very unique.
