So why is that useful?
Simply by learning about these money making mistakes and avoiding them you will be able to make money in a fast and easy way.
Here are the ways not to make money
Don’t follow new trends: If you don’t follow the new trends, if you don’t always check what’s new and if you didn’t become curious then you will never make money.
Curiosity is a personality trait that people who don’t fear to take risks have. Most people prefer to stay in their comfort zone and to avoid doing new stuff and as a result they destroy their creative thinking abilities.
People who are anxious and reserved rarely become creative and as a result they miss lots of opportunities.
Each few weeks and sometimes each few days new trends appear along with many opportunities to make money out of them.
Few months after facebook appeared many developers had the opportunity to make money through the facebook Apps they develop.
I am sure you heard of farmvillie and similar games. Many develops found amazing money making opportunities such as farmvillie when facebook first appeared.
Now imagine one of these developers didn’t care about joining facebook or even joined it late.
If that person did so then certainly he will miss the opportunities others will get and as a result he might not be able to make money.
Sometimes timing becomes a crucial factor in making money. Sometimes an idea works well because it was implemented in a certain time and sometimes the first one to start a certain idea becomes the one who reaps the most benefits.
That’s why you need to become curious and that’s why you need to follow new trends even if they seemed completely uninteresting.
You never know where the next business idea will be so follow all trends whenever you can!!
Play it safe: no I am not talking about the level of risk you should take nor I am asking you to put all your money in the stock market but instead I am talking about people who play it safe by deciding to be employees forever.
Yes you can earn good money working for someone and yes you can save money through your career but unless you stop thinking like an employee you will never get rich
Once you acquire the mentality of the employee all what you will care about will be your yearly raise which might be something as little as 200 dollars.
Imagine waiting a whole year just to get additional raise of 200 dollars?
The problem with such raise even if it was a little amount is that will have an effect that is similar to drugs on your way of thinking.
Such a way of thinking will let you forget about your big dreams and it will drain all of your energy by forcing you to think about one thing which is:
How to get the raise?
Most people are stuck in this cycle. Whenever their financial condition gives them tough times or whenever they find accumulating bills they just think about getting a raise and that’s why they never become rich. They spend tremendous efforts trying to improve the efficiency their work and sadly this tremendous effort only results in few more dollars per month.
Even if you are getting a big raise still your money collecting speed will be as a turtle compared to en entrepreneur who decided to start his own business.
Of course there is no problem at all in focusing on getting a raise or on getting promoted as long as this doesn’t stand in the way of your real plans which is having your own business!!
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