Why many people can’t make money?
In fact, there are many reasons for a person's low income level, which cannot be explained by insufficient hard work or lack of ability.
There are seven main reasons for a person's low income level.
(1) Insufficient effort.
No matter what job you are engaged in, hard work is often the prerequisite for all good results.
In many cases, if you want to get a high salary, if you want to earn more than others, you have to work harder than others.
For those who work perfunctory and do not seek to make progress, the salary is often not much higher, because the boss does not give you a reason for the higher salary.(2) Don't get into the right line, follow the right person, and do the right thing.
Can I get a high salary if I work very hard?
The answer is of course no.
Effort is only a prerequisite. People who can get a high salary basically work hard, but hard work does not necessarily lead to a high salary. It depends on whether you can do the right thing with the right person.
The salary level of some industries is relatively high, while the salary level of some industries is relatively low; some companies’ benefits are so good that you envy you, while some companies’ salaries are so low that you doubt your life.
There is nothing to complain about, if you have real abilities, you just leave. If not, you can learn more. In short, say less useless things and do more useful things.(3) Ability is not good, and there is no capital to get a high salary.
I am a basketball fan and have watched the NBA for more than 10 years. The high salaries of NBA players are hard to imagine. There are many players with an annual salary of two to three ten thousand dollars.
However, there are also many players with an annual salary of several hundred thousand dollars. Some players can even get millions and tens of millions of dollars in annual salary last year, and when the contract expires in the next year, they can't even play the ball. No team wants them.
Why does this happen? The reason is simple: the ability is not good, and there is no capital to get a high salary. This is true in any industry, and business ability determines a person's salary level. The stronger the professional ability of a person, the higher the salary, and all companies are rushing to ask for it.(4) The source of income is too single.
Some people’s income levels are high because they have multiple sources of income, and even some people’s sideline income exceeds that of their main business.
This is the so-called "open source".
A single source of income is one reason why many people have low income levels, which will seriously reduce their ability to resist risks.(5) Did not develop good consumption habits.
Speaking of open source, let me mention throttling by the way.
Many people do not develop good consumption habits, spend lavishly, and consume willful, which not only brings a lot of restrictions, but also makes them lose a lot of possibilities.
A person's confidence, courage and structure are often built on a certain economic foundation.(6) The foundation is too bad, and it always stays at the primitive accumulation stage.
A person who is hardworking, sensible, and knows how to increase income and reduce expenditure, and his ability is not bad, but his income level is still very low, most likely because of a poor foundation.
Snowballing is the most beautiful way to accumulate wealth. It is difficult to go from 0 to 1 million yuan, but from 1 million to 2 million yuan is often not so difficult.
If the foundation is too bad, you have to spend a lot of time to get through the primitive accumulation stage.
If this is the case, then you can only work harder and stick to it.(7) Due to various reasons, the bonus period is missed.
Because of various reasons, such as laziness and lack of ability, they have restricted their horizons, structure and cognitive level, and thus missed the dividend period of some emerging industries. This is also a reason for the low income level of many people.
Many industries will experience a period of barbaric growth during the development process, which can also be called a "dividend period". Entering at this time, they can often make a lot of money.
Whether you can earn money is related to many factors. Finding the source of the problem is one step closer to solving the problem.
This is why I said that making money is actually not that difficult
(8) Don't follow your passion, chase the money.
I admit, this is a highly debatable topic on the internet where following your hobby is the "recommended" advice.
Still, whatever your hobby is, you need to be able to monetize it on some way. If it's say, gaming — you can stream it, or even sell merch. (Any hobby works as long as you can find a wake to make money from it)
This is why I stray away from the advice of following your passion because that 1st thing, that 1st passion won't make you money.
On my case my #1 hobby is reading books. Can you make some money from it? Maybe, but not a living.
What else am I passionate about then? I find what of them is writing and there are many ways you can monetize writing from blogging, copywriting and even ghostwriting for Fortune 500 CEO's
Main Takeaway: Don't stop find other things you are passionate about, because you'll soon find out what are the other hobbies you'll love AND make money from it.
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