Best Way to Make Money
"Give me a place to stand and I will move the world"
THAT... is a quotation from Archimedes, the iconoclast of mathematicians. (Huh? If you don't know who he is, remember the guy who discovered how to measure volume of an object with water, shouted "eureka" and ran out of the street naked? yes that's him)
Hmm... ok so you know who Archimedes is, but what does this have to do with "best way to make money"!
Well, I'm not here to talk about his discoveries on how to measure an object with water, nor his famous cylinder measurement, or even his infamous "death ray" (go Wikipedia it if you're interested in his achievements). But I'm here to talk about the above said quotation.
In case you're confused, the quotation is referring to a fulcrum and a lever. Still no idea? Have you ever played with a seesaw when you're a kid? That was built on this concept. If you have a fulcrum in the middle (the "stand") with the weight of an object at the end of one side of the lever, the longer the lever is, then the easier it is to lift the object by applying force to the other end. Archimedes was pointing out that, hypothetically, if there is a lever long enough with a stand, even the weight of the earth can be lifted up by mere human force with just the right circumstances.
Well... Until now you still haven't read anything to do with making money? Please bear with me, and let me carry on further. The famous quotation by Archimedes have raised many philosophical debates based on the analogical reasoning. This so called "Archimedes Philosophy" has been used to resolve many problems. Even a small child would have used it, not knowing what philosophers have been calling it.
Let me explain. Archimedes Philosophy divides problems into two categories: first stage argument and second stage argument. The first stage argument consist of definitions to solve the problems in the second argument. An example of the first stage argument in question form would be "what is a tiger?" while the second stage argument in question form would be "is that a tiger?". So if you see a small little cub, and you're confused whether it's a cat or a tiger, you can always go back to the scientific definition of a tiger (ask the scientist on DNA...I'm not in the animal biological field)
Excuse me for being long winded, for I am afraid that many of you still make the mistake of trying to solve a second stage argument without even considering the first stage. Let me put this in an actual situation and you know what I mean.
I've come across many people who kept asking how to be rich? how to make money? how to make money online? how to make passive income? how to live a luxurious life? BUT... they've all been asking these questions without considering what is the problem in the first stage argument. Why do I say so? BECAUSE, the first stage argument is about definitions. In other words, it means financial goals! Yes, THAT is the key to solving your problems in your second stage argument!
Why is this important you ask? Imagine if you ask the question on "how to make lots of money". One can certainly tell you "get 2 jobs, work 9-5 and a part time job in a bar at night". I assure you, you'll earn more than your colleagues with equal positions with you for your day job. Or perhaps I can tell you to marry a rich man/woman (one common but silly reply...). While reading this, you are actually adding to your list of definitions on "how to make lots of money" whether you realize it or not. You will be making mental notes on the definition stating "definitions of making lots of money must include not selling your love, not working 2 jobs, or even a job that requires you to work from 8 a.m. in the morning till 10 p.m. the next day, 6 days a week).
Do you get the idea now? The REAL answer to the title of the post "best way to make money" lies not in the methods (second stage argument) but in the definitions/financial goals (first stage argument). I can tell you for sure, with certainty, that if you prudently buy real estate properties, you will be rich. You can get passive income through rental fees, and your properties will appreciate in value over time too. I could also tell you to put in $10 million in a high interest fixed deposit bank, and just live off the interest. Or perhaps buy and run a McDonalds franchise. I just gave you few methods didn't I? Does that solve your problem? No, because 90 per cent of the world's population can't afford such investment.
You see where I'm getting at? So the answer to the title is, you make YOUR definitions, and THEN, and only then, you find the method. THAT, is the best way to make money. Here is MY definition of MY "best" way, which includes:
1) Must be able to generate a substantive amount of money
2) Must not take too much of my time, so I can spend time with my wife and family, and also pursue my dreams of owning a law firm which provides pro bono services to the community (so no second jobs, not even a home based one which many people don't mind. This means I need passive income)
3) Must not require a huge capital to start with, as I (and many others) cannot afford to do so.
4) Best if it can be done anywhere and everywhere (which means online is the best thing, for I can make money online anywhere and everywhere)
5) Must be absolutely legitimate.
6) Must not be in conflict with morality (No pyramid schemes which make people at the lowest of the pyramid poorer than their initial position, irregardless of whether the corporation responsible for the scheme is legitimate due to loopholes of the law, or they are outright illegal)
7) Must not be in conflict with my personal desire (I have already found the love of my life, so no there is not the option of marrying a rich woman)
Well... THIS, is my PERSONAL best way to make money, which tailors to my personal circumstances. With that, I have reached a conclusion that MY best way is to make passive income online. Once you have found your definition and solve the first stage argument, it will be easy to find a solution to your financial problems in your second stage argument with a little bit more research on the methods.
