Rachel Henderson Rachel Henderson is a professional freelance writer from the UK. She writes on many subjects but specialises in personal finance. As well as contributing to various blogs and websites she has her own website tracking her own money making process http://www.turnonepoundintoonemillion.com and sells her books through http://www.bowbridgepublishing.com.

How do you Make Lots of Money?

1 min read

There are many of us that would like to make a lot of money and it can be wise therefore to look at those that have done well making money and see whether we can do something similar. If we look at the rich we will see that there is a mix of different ways that they make money. It can be inherited, from investments, from running a business or from being in a high powered job. If you are not going to inherit and have no money to invest then these options will not be something that you can consider. Therefore you will need to either consider starting a business or getting a high powered job.

Starting a business may seem like an easy and exciting option, but there are many businesses that are not successful and many more people doing badly from their business than people that are massively successful. This means that if you decide to go down the business route, you will need to think very carefully about what you choose to do. You will need to think about how you will make money with regards to the goods and services that you will sell. Consider what you will sell and how you will source goods and post them out if this is what you are planning. You will also need to think hard about how you will encourage people to buy your goods and services. You need to find a way to make sure that they trust you or else they will not buy from you. You also need to make sure that people know about you and what you do. They will also need to be encouraged to buy form you rather than a competitor. This is tricky and although some businesses manage to be successful quickly; it takes a lot of hard work and for some a long time as well.

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Working for someone else is the way that most people make money. Getting high enough in a company to be a big earner though can be tricky. The higher you go up in a company, the less promotional opportunities there are and so it gets trickier unless you move to a new company and this will depend on whether you skills are transferable. However, having any permanent job with a company will at least give you a secure income. It is more reliable than being self-employed or running a business and if you want to make sure that your household has an income they can rely on or if you want a mortgage, then this can be the best thing to do. You can always start a business in your spare time if this is something that you still want to do.

Often with money it is not so much how much you have but what you do with the money that you have. If you can live within your means, you will not get into debt and may even be able to save some money. This can allow you to have some savings to cover any emergencies that might crop up as well as some to spend if you want or need to buy something expensive.

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Rachel Henderson Rachel Henderson is a professional freelance writer from the UK. She writes on many subjects but specialises in personal finance. As well as contributing to various blogs and websites she has her own website tracking her own money making process http://www.turnonepoundintoonemillion.com and sells her books through http://www.bowbridgepublishing.com.

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