How to make money basics???

Hi there,
I’m interested in building multiple streams of income, such as via blogging, stocks, e-commerce, affiliate marketing, real estate, consulting etc. I’ve been watching multiple YouTube videos however all the terms and stuff I still feel like I barely understand everything properly. Does anyone know how to really grasp these concepts in depth via a certain book or something and did they initially feel like this when venturing into such? Maybe I should just continue watching YouTube videos to understand properly and studying each in depth?..

(edited 1 year ago)

Reply 1

hotpud

Original post by burberry_butter

Firstly, stop watching YouTube and get out there and do it. However, one word of warning. Don't buy into anything. Just invest your own money in your own venture. Affiliate marketing is a scam unless you set it up from scratch and any "get rich quick" schemes are about you paying someone for training which won't get you rich quick.

All a business is, is where you take something, add some sort of value and sell it at a profit. That is it. So you might take some raw ingredients, put them together in the form of a product and sell it, or you might invest your time into something and sell the result. Either way, you need to decide what you fancy doing. However there is no such thing as the business that runs itself and there is no such thing as a passive income stream that will pay your bills unless you have several million to invest and spare cash to pay someone to do the hard work for you.

Ultimately, don't believe what you see online. How many known wealthy / successful people do you see broadcasting their journey to wealth compared to the myriad of unknowns claiming to be successful?

Oh - and just one other thought. Wealth doesn't making you happy. Pursuing happiness does. And things that tend to make us happy tend to be things that are meaningful and valued.