Monday, September 06, 2010

How to make money

There are, to oversimplify things, Three good ways for an individual to make money in this world

1. Do a job no one else wants to do. There are jobs that no one is lining up to do. Roofing work, cleaning and housekeeping in motels and nursing homes, servicing (cleaning and moving) porta-potties all come to mind.
2. Work in a location that no one else wants to work. Personally, I work about 15 miles out of town in a field, night or day, rain or shine. Jobs in Kuwait pay a lot more than jobs in Indiana.
3. Get some education and training. The truth is, most people are not willing to spend 6 months or more in a college (or trade school) classroom, doing "book work" for "no pay"

Similarly, there are basically three activities that nearly all wealth in society comes from.
1. Agriculture - in this, I include anything that grows food or changes animals or plants into an edible product
2. Manufacturing - in this, I include anything that changes a raw material into a product for sale to the consumer
3. Mining - in this, I include anything that removes materials from the ground for our use.

The rest of the economy is just moving wealth around
professional services

And that is all for today's lesson.

1 comment:

Rob said...

Well said, TRex.