A very common question I received from readers nowadays is “how do I make more money?” Almost every one who doesn’t have enough money would think that having more money will solve their financial problem. That is not always the case. However, having more money certainly give you more purchasing power.

Since there is practically millions of way to make more money, and thousands of books had been written on this topic in practically every niche, I won’t be talking on each of the method here. To be honest, I am not good at every single method. I’m only good at certain methods, and master only one or two. Even the wealthiest person you know makes lots of money by simply mastering one or two methods. Because that is all you need after all.

In this article, I will show you three important things that you should always keep in mind. Hopefully you will start making more money onwards.

Don’t trade your time for money

The rich people don’t trade their time for money. They don’t have an active job. Most of them are not employed. Although there are a few individual that makes a lot of money by giving up their time in exchange of a big salary paycheck, but those people are rare and extremely talented. In Malaysia, you find that some medical specialists, doctors and company CEOs are making a lot more than average people.

However, time is not a renewable resource. If you are immortal, have unlimited time and the health to live forever and work forever like a vampire in Twilight, technically you don’t need to worry about earning more money. There are only 60 seconds in a minute, 60 minutes in an hour, 24 hours in a day, 365 days in a year and the sad fact is that you can only live 30 to 50 productive years.

You have to be very productive with your limited time in order to make more money. If you shift your mindset from exchanging time for wages, it forces you to think of many other alternatives to create residual income.

Add more value to others

The second fact you should know is that money always flow to exchange for value. When I pay you money, I am getting a product or service in exchange. In other words, you are adding value to my life. I paid for an iPhone 4 and it light up my days to be able to use a wonderful phone. I paid for books and get knowledge and pleasure of reading in return. I paid for Digi and Streamyx to get Internet access. My money flow to this places because I want values in exchange.

So in order to make money flow to your direction, you need to add value to other people. If you are working for your company, you are only adding value to one entity. If you are in business, you add values to hundreds of customers. The more values you add to others, and the more people who receive values from your service and products, the more money you will make.

Learn to sell

Money has everything to do with people. To get in touch with people so that money exchanges hand, you can’t avoid selling. I am not trying to define selling and how it is different from marketing here. If I say marketing or selling in this article, it just refers to how well you make people believe, trust, or even love your products, your services, and you as a person.

If you are saying that you don’t like to sell and hate doing that, just bear in mind that you are selling every time you are communicating with other people, regardless of face to face conversation, chatting on the phone or Internet instant messaging.

When you attend an interview session, you are selling yourself to the prospective company to hire you. When you are talking to the girl your like, you are marketing yourself to convince the other party to love you in return. In practically every business, companies and entrepreneurs need to sell. Even when you are attending a meeting, you speak to your subordinates and peers or superiors to sell your ideas. Even in this article, I’m doing marketing to sell my ideas to you.

Every successful people know how to sell. And they master the art of selling. Steve Jobs is one of the most recognized marketers in this decade. He doesn’t make computers, he just sells so great that the best people want to work for him; all people want to buy from him. We buy his ideas, we buy his products, and we love to see him selling to us.

So, how do you make more money almost immediately?

Learn how to sell more valuable things to more people so that more money flows to you without you sacrificing your time.

Does this make sense?


KCLau
KCLau

Personal finance author and trainer

    24 replies to "How to make more money?"

    • […] think the best part is you get to spend 90% of maximum of the time to make more money. You can actually become wealthy with less effort. Of course, some people say, “Yeah, I explained […]

    • Angel Stone

      Action is needed. Most of the people who think want to make more money didn’t put their thought into action. Any wonderful plan without an action is a failure eventually.

    • Martin Teo

      You right with your three suggestions. For me, I make more money through investments. Example, I invest in properties and collect rentals as my cash flow in. Besides, I invest mutual funds and stocks that generate distributions and dividends. While at the same time, I enjoy my current high paid job.

    • Faye

      Very well written article! Love this quote “The rich people don’t trade their time for money.”

    • Gerald Fernandez

      Hi KC,

      I do agree that we need to learn to sell. Irrespective of our area of work, many are not aware that we are always selling something but in different perspective. Good article.

    • Chong Kong Hui

      Ops! This site can’t display Chinese character.

    • Chong Kong Hui

      ????
      First must ??, then only ?? will be meaningful.

      I am into selling now! Beside selling my time and skills, I am selling products that
      – Don’t trade time for money
      – People want it and need it.

    • ChampDog

      I particularly like about “Don’t trade your time for Money”. This also means we should focus at the right thing that has highest efficiency to generate income. I admit I’m not doing that. Good article!

    • Suhaimi

      Really good article…world economy is influential by salesmen. It’s the oldest kind of job that ever exist after human being. You master the art of selling, then you’ll conquer the world. You’ll make more money than you ever think of…SA

    • James Benedict

      Brilliant article.

    • knowthymoney

      Yes, I totally agree with you KC..Selling is a multifaceted animal 😛
      Even wooing a beautiful girl is considered selling oneself in order to get her love and attention.

      • Lee Jun Siang

        Hi, there. If i CAN share a tactic on “HOW to WIN 4D” ? Would you be interested ? FREE, sharing by willing, ( min 1 hr, 1 to 1 basic ). This info is for FUN & KNOWledge purpose ONLY. No Quick Cash & Easy Money Minded People Welcome.

        • Sylvester

          Are you trying to scam people here? There is no quick and easy money. I believe in no pain no gain. If you really know the tactic on How to Win 4D, you are a millionaire now, and would never come here and read article about money management. Just stop the crap.

          • lee jun siang

            Sylveter ! I understand your statement once before beause i used to be a layman like you…. likewise most 95% people who might also have the this kind of thinking.( BUY 4D ? Lee what the hell you’re try to say ?! ) BUT let me clarify myself, YES ! i am NOT milionaire YET !! i have 2 years experince in this field with little proven WIN result, the reason i wish to share out my tactic, is because some one has HELP me before ( through sharing their 4D’s skill ),.,…so it’s TIME for me to “sharing by willing”, with no other intention behind. (Don’t worry, am NOT try to SELL anything, in fact NOBODY need this). It’s just for FUN & KNOWledge purpose for some 1 who might interested !! Cheers ! Every 1 !! Good day to you also… Sylvester (… Stallone, WOW ! like his ROCKY movie ) (facebookcom/siang1)

            • Netmask8

              Buy 4D ?? Losing Chance in this type of investment is very high.. Probability 27 winning numbers out of 10,000 numbers for each draw/game. How about different Company A, B and C’s draw? ..
              27 X 3 = 81 winning numbers out of 30,000 numbers.. Even you “box” or “pau” the 4D, the winning prices = little .

              Never ever buy 4D or Jackpot or Lottery ..etc ..etc

              Why not buying the 4D / gaming / casino companies listed in Bursa M’sia / S’pore/ HK/ USA/ UK Exchange?? Their dividents were quite attractive and their yield possible higher than inflation and fixed deposit ..

              Have a great day.

    • Abidin

      Like this article very much, simple but deep!

      • Lee Jun Siang

        Hi, there. If i CAN share a tactic on “HOW to WIN 4D” ? Would you be interested ? FREE, sharing by willing, ( min 1 hr, 1 to 1 basic ). This info is for FUN & KNOWledge purpose ONLY.

    • Sayeed

      Totally agree….for many years I lost opportunities just because my mind keep telling me…”I can’t sell!!”….the skeptism about selling have push me below the ranks of moving forward and making more money…thanks KC!

      • Lee Jun Siang

        Hi, there. If i CAN share a tactic on “HOW to WIN 4D” ? Would you be interested ? FREE, sharing by willing, ( min 1 hr, 1 to 1 basic )

    • Financialrich

      Put my legs up to agree with you, If you want to be rich,
      1) don’t trade your time with money-We cannot earn much money with the limited time given to each persons
      2) “If you want to be rich, you need to sell”- quoted by robert kiyosaki.

      Today, I learn new thing “add values to others”- if they need it, they will pay for it.

      • Lee Jun Siang

        Hi, there. If i CAN share a tactic on “HOW to WIN 4D” ? Would you be interested ?

        • Kick

          4D? Get loss….

          • Lee Jun Siang

            Kick ! I understand your statement once before beause i used to be a layman like you…. likewise most 95% people who might also have the this kind of thinking.( BUY 4D ? Lee what the hell you’re try to say ?! ) BUT let me clarify myself, i have 2 years experince in this field with little proven WIN result, the reason i wish to share out my tactic, is because some one have HELP me before ( through sharing their 4D’s skill ),.,…so it’s TIME for me to “sharing by willing”, with no other intention behind. (Don’t worry, am NOT try to SELL anything, in fact NOBODY need this). It’s just for FUN & KNOWledge purpose for some 1 who might interested !! Cheers ! Every 1 !! (facebookcom/siang1)

            • Arty

              Hi Lee,
              Im wiling to try with no obligation. email me .What i need to know appriciated your knowledge it might help or not is not the concern.Cos knowledge is giving us wisdom. Tq

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