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I used to think: “If I could only just solve my money problem, then I could finally live the life I want.”
This made me get into all kinds of get-rich-quick schemes, which actually made me even poorer, and alienated my friends. Those painful experiences eventually taught me that the real life I wanted wasn't about money. It was about being of real contribution to other people. In other words, I wanted a right livelihood. Instead of seeing money as a problem to be solved, let’s see money as an opportunity to connect. Let me explain.
So many people are seeking quick and easy money.
Why? Often, it’s because they are tired with life and work. “If I could only solve this problem of money, then I can really have the freedom to live life on my terms.” And then they get easily tempted by people who are selling them some quick/easy money system. Unless you’re already a well-connected genius in the business world, the truth is that quick and easy money is possible only if you leave out ethical and authentic…. First rule: try not to lose money
Why do you want to make lots of money?
(First of all, if you’re not wanting to explore this question, and would rather just learn how, read this instead: How to make lots of money authentically?) When you start learning marketing, and hanging around others who are building a business, it’s easy to get swept up in the dream to make lots of money. It's important to reflect on the question of Why, because without continual clarity about this, you might be heading in the wrong direction...
Is it possible to make lots of money... in an authentic way? That’s what a client asked, and I thought it was a wonderful question.
My short answer is: Yes, if we pay attention along the way to our motivations. The numbers can be simple: Create a well-loved online course that’s $100 per sale. Make 1,000 sales per month, and you’ll be making $1.2 million per year. (1,000 sales per month is definitely doable if you have a course that’s in demand, and you have a small team of people helping with customer service requests.) In this post, let's explore how to make money authentically. I’ll use a series of dichotomies to think this through. I look forward to your questions and comments. The Science of Getting Rich, a book written in 1910 by Wallace Wattles, is one of the big influences for the Law of Attraction movement. It preceded Napoleon Hill’s Think and Grow Rich (1937), and was credited as one of the inspirations for Rhonda Byrne’s popular movie The Secret (2006).
Since the book is in the public domain, you can read the full book for free here or listen to the full audiobook on youtube here. This book has some very inspirational concepts (which I summarize below). However, the title itself, and the way the book starts, is hubristic and misleading. I’ll offer my thoughts on that, below my summary of its principles. Let me share the good nuggets first, so you can see why it’s such a popular book: |
George Kao is a Marketing Coach for small business owners, especially solopreneurs such as Coaches and Mentors. He focuses on ethical & effective ways to grow one's platform and build true livelihood.
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