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Three Stages Of Money Making

In pondering about how to acquire wealth I have come to a few conclusions. Here is one of them. It seems to me that there are 3 stages of making money. Each stage has it's specific advantages and disadvantages. One must decide to which stages he/she wishes to belong. Here are the stages.

Stage 1: Hourly Wage

This is the stage in which a person may work for a previously specified amount of money that they will earn for each hour that they work. The advantage is that there is no risk. You can come to work knowing exactly how much money you will make. There is virtually no stress because there is no speculation on what the result of your labor will be. The disadvantage however, is that there isn't as great of a sense of satisfaction as there is in the other stages.

Stage 2: Commission

Working for commission is much more risky, however there is typically a greater opportunity to make more money. This is when you receive payment depending on how well you work. A good salesman is motivated by this type of work, because they know that their skill can lead to greater wealth. Although commission comes with a greater sense of risk, it also has potential to bring a great sense of satisfaction. If you work hard you will earn more, and that can be fantastic when things are going well.

Stage 3: Investments

Stage 3 is my favorite. It is the stage that appeals to most people. This is when a person sets up their assets in a way that they make money on their own. There are many examples of this; for instance many people own websites that earn money through advertising. Others may have stocks, bonds, or investment funds. Some people own businesses that have the ability to generate wealth when the owner isn't in his office. Can you think of anything more satisfying than waking up in the middle of the night and being comforted by the thought that you are making money as you sleep? This stage has the highest risk, but can be extremely satisfying.

When you begin to consider your financial goals, it would do you some good to think about these three stages of making money and decide where you want to fall. Everybody is different and

neither stage is better than another. So my friends, make your choice and move forward with your financial goals. I wish you the best of luck.

A Million Ways to make Money....But which is mine??

I am proud to officially welcome myself to the blogging world! The purpose of this blog is to entertain the minds of those who drive themselves insane attempting to think of the next great idea. In today's world when we are constantly seeing billionaires rising out of nowhere it is easy to get frustrated. I often find myself saying "Why didn't I think of that?" Well I am here to tell you that we can all be united in our disappointment. I hope that readers of this blog do in fact go on to become the next Mark Zuckerberg. However, until that time I hope that this can be a source of entertainment and inspiration. Welcome to the Daily Entrepreneur!