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Methods of Making Money

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Words: 568 |

Page: 1|

3 min read

Published: Dec 18, 2018

Words: 568|Page: 1|3 min read

Published: Dec 18, 2018

The part played by money in our everyday life is very important. We need money to sustain ourselves. To buy food and to pay our bills. In this modern world, most of the things that we want, can be obtained with money. Without money, one’s life can become a misery. It is clear for every able-bodied person to do some sort of work so that he or she can be paid for the work done. Afterwards, he or she can spend the money buying necessary things. Yet the opportunity of making money is so vast, that most of the people do not really understand their potential or the potential of chances in making money. To start earning money, first of all, you will need proper education. To have a certain set of competence to be employed. You can earn money in many ways. There are plenty of opportunities for someone who really wants to make money in the legal manner. I will discuss a few ways in which we can make money and save for ourselves.

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The traditional method of making money are office jobs. Here the income is steady and there are chances that while climbing the professional ladder, the income also will increase. Even though it is said a full-time job, most of the time you leave home early and get back late. Hours spent with the people you love or friends get minimal here. Another method is in investing. Investments are in various methods and depend on how one looks at it. Some people choose the share markets, where you buy shares of different organizations and sell them based on the market fluctuation. It could be profitable but at times even huge looses are faced. While some others choose the very traditional methods like investing in metals such as gold or silver. Again, another class of people go for mutual funds, bonds, insurance plans and various such options for long terms investments.

Another option which is now widely catching up is through the Online market. Online jobs are high in demand and you get paid for what you do. A flexible kind of job and more and more people are turning to this kind of jobs. Another platform that people make money is through their interests being publicized such as blogs. Blogging is possible any anyone and gradually you could generate revenue from it. Money is not everything, but money is something very important. Beyond the basic needs, money helps us achieve our life’s goals and supports — the things we care about most deeply — family, education, health care, charity, adventure and fun. It helps us get some of life’s intangibles — freedom or independence, the opportunity to make the most of our skills and talents, the ability to choose our own course in life, financial security. With money, much good can be done and much unnecessary suffering avoided or eliminated. Whatever be the mode that you choose, the main agenda should be profit at the end.

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So, spending unwisely or more than what you make is never a wise choice and you should keep a close eye on the current markets and financial status to have a better understanding to place yourself in the best suitable position. Face boldly any situation that comes up in life and then, learn from mistakes, on how to earn your income and how to save it for a better future.

Works Cited

  1. Fidelity Investments. (2022). Understanding investment options. https://www.fidelity.com/learning-center/investment-products
  2. Investopedia. (2022). How to invest in stocks. https://www.investopedia.com/articles/basics/06/invest1000.asp
  3. Kiyosaki, R. T. (1997). Rich dad poor dad. Tech Press.
  4. Mullainathan, S., & Shafir, E. (2013). Scarcity: Why having too little means so much. Macmillan.
  5. O’Leary, K. (2011). Cold hard truth: On business, money & life. Doubleday Canada.
  6. Ramit Sethi. (2019). I will teach you to be rich: No guilt, no excuses-just a 6-week program that works. Workman Publishing Company.
  7. Seligman, M. E. (2011). Flourish: A visionary new understanding of happiness and well-being. Free Press.
  8. The Balance. (2022). Guide to investing.
  9. The Penny Hoarder. (2022). Make money online. https://www.thepennyhoarder.com/make-money/
  10. The Simple Dollar. (2022). Investing.
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Cite this Essay

Methods of Making Money. (2018, December 17). GradesFixer. Retrieved April 26, 2024, from https://gradesfixer.com/free-essay-examples/methods-of-making-money/
“Methods of Making Money.” GradesFixer, 17 Dec. 2018, gradesfixer.com/free-essay-examples/methods-of-making-money/
Methods of Making Money. [online]. Available at: <https://gradesfixer.com/free-essay-examples/methods-of-making-money/> [Accessed 26 Apr. 2024].
Methods of Making Money [Internet]. GradesFixer. 2018 Dec 17 [cited 2024 Apr 26]. Available from: https://gradesfixer.com/free-essay-examples/methods-of-making-money/
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