Tuesday 22 July 2014

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The Art of Making Money

When it comes to some of the wealthiest people in the world, one thing they all have in common is creativity. They’ve mastered the art of making money by using their imaginations to create great businesses, invent new products, and provide something that the consuming world would eagerly embrace. They all found creative ways to leverage their resources and capitalize on the things they were passionate about. That’s the key to getting rich. Leverage your resources!

Anything can be a resource. It can be someone you know, somewhere you live, or something you know. Resources can be both tangible and intangible, and it’s up to you to recognize what resources you have and put them to use already! For example, if you’re familiar with sports, find a way to leverage that knowledge u have on the subject and use it to make you some money. Your knowledge on sports is a resource, now do you get it?

We all have resources but we often fail to recognize them and those who do identify their resources and put them to use are the ones who succeed in life. Identifying your resources is what makes the process of making money an art. It is an art because you have to come up with creative ways to use them to your advantage. I look at some of today’s most successful entrepreneurs and I view their enterprises as works of art.

Here’s a list of some of my favorite entrepreneurs who leveraged their resources to get where they today:

Mark Zuckerberg:

I listed Mark Zuckerberg here because he used his knowledge on computers to build the multi-billion dollar social network, Facebook. He started writing computer software when he was only in middle school and developed an expertise in computer programming. He understood that his knowledge was a valuable resource and it was evident that he knew what it was worth when he turned down jobs from Microsoft and AOL to enroll at Harvard College in 2002. He founded Facebook in 2004, and he is now worth over $13 Billon.

Warren Buffett

Warren Buffett is one of the wealthiest people on Earth because he has mastered the art of making money. As a child he showed an interest in making and saving money, and displayed entrepreneurship selling chewing gum, Coca-Cola, or weekly magazines door-to-door. During his childhood, Warren Buffett also developed an interest in the stock market and investing.

He received his Masters in Economics from Columbia Business School where he studied under Benjamin Graham who is known as the father of Value Investing. Benjamin Graham was a well known author, investor and American economist that served Warren Buffett as a resource to gain knowledge and experience from. He is now the CEO of Berkshire Hathaway Inc. and worth over $50 Billion.

50 Cent

I included 50 Cent in my list because even though he isn’t a billionaire yet, he has made his fortune using creative money making strategies. I have been paying attention to 50 Cent’s investments since he started G-Unit Records back in 2003 after the success of his debut album “Get Rich or Die Trying”. 50 Cent leveraged the profits from his music to make investments in ventures outside of music.

These are some of my favorite entrepreneurs because they leveraged their resources and became rich with the art of making money. They creatively figured out ways to make money and became super successful because of it.

Thinking is the first step towards mastering the Art of Making Money.

What resources do you have?

Related:
50 Cent At It Again

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2 Comments

  1. That’s a great question. What resources do I have? What do I bring to the table that’s unique…

    This also needs to tie in with passion at some point. Interesting, I’ll think about this. Thanks for the great content, keep it up.

    Reply

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