How to make money? This is a question all of us ask at any given time. One can ask for increments, bonuses, stock options etc. However, making money is actually not that difficult if you know where to make it. And there's a significant distinction on how to and where to make it.
If you ask people who play the stock markets and analysts, etc., they clearly know where to make money. In stock markets and derivatives, the risks and instruments are well-defined, and skilled individuals know how to make money from them. But the large majority of us really struggle with how to make money. We rely on jobs, careers, positions, growth, etc. to deliver money, savings and the attendant benefits around that.
We need to understand that careers have a long gestation period. We start as individual contributors, then become managers, heads of departments, and some may become functional heads or even CEOs. Only at the level of CEOs do you really learn how to make money. Everybody else down the food chain is working for money. He or she doesn't know how to make money.
Investing in property can also be a way to make money, often yielding better returns than the market. But the reality is you're not making money. You're just making your money work a little harder. CEOs know how to make money. That's their job. They have to run businesses efficiently.
CEOs often struggle to identify profitable opportunities, a skill typically held by a select group of big industrialists and hedge fund managers. They may not manage daily operations, but they can identify opportunities, especially in sectors like infotech and infrastructure in India, where profit can be made.
They determine their position in the sector, establish the necessary processes and organizations, and find ways to generate revenue based on their chosen focus.
The next time you are thinking of money, think where not how.
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