Make Money vs. Earn Money
Four Ways to Make Money or Earn It
As he pointed out so ably in his "Rich Dad" series of books
Let's examine these four alternatives briefly.
Work As An Employee In Someone Else's Business
In this setting you can expect:
Most people who take this route wind up dead or broke by the time they reach retirement age. So the long term outlook is bleak, while the interim experience is largely out of your control. To my eyes this choice doesn't look particularly "easy" which is why I have been self-employed for many years.
Work As A Professional
Professionals are folks who own their own jobs doctors, lawyers, dentists, veterinarians, accountants, etc. are often in this category. The advantages are pretty obvious:
There are also disadvantages:
Own A Business
In the two categories above you trade time (work) for dollars thereby limiting how much you can earn. It is this that distinguishes earning money from making money. If you owned enough shares of stock, in General Electric say, you could live on your dividends. You would not have to show up for work or punch a time clock to get paid. This is an important distinction if you want to achieve any real degree of financial independence.
As a successful business owner, unless you spend all of your income on a frivolous lifestyle, you will have surplus income which will give you the means to become an investor letting your money do the work of making more money. So this is the logical starting point for acquiring "easy money".
Is this strategy really easy? No. It takes a lot of effort on your part. Still, it's a lot easier than working forty hours or more a week, trading time for dollars for forty years, and ending up broke and trying thereafter to live on a fraction of the money that barely supported you while you were working
Be An Investor
Successful business owners inevitably find themselves with a money problem too much money. They have to decide what to do with the surplus each month. If you just make money and leave it in your checking account, it loses value through inflation so wisdom dictates that you invest put it to work for you.
There are quite a few really good investment opportunities at any given time. For a really good discussion of how to become a successful investor I suggest you read Robert Kiyosaki's book, Rich Dad's Guide to Investing. It's the best introductory book I know on the subject. And I've read quite a few.
Without meaning to be presumptuous, I am supposing that you would not be reading the material on this site if you were financially ready to become a professional investor. If I am mistaken, I apologize. But if I am correct in this assumption, then the option of being an investor is closed to you for the time being and you are left with the three previous choices above.
If you aspire to become an investor eventually or if you just want to be in charge of your life and your financial future the only real choice is to own a business. So this is the strategy of choice for you if you want a more satisfying and prosperous life. It will also give you a lot more opportunities to exercise your creativity and to be happy while you are doing it.
Of course the choice of this strategy still leaves a lot of unanswered questions. So let's next take up the choice between an online business and a traditional offline business as a