Let me give you an example of the easiest way to make money for people with a financial background. It’s called “skimming the market”. What you do is get yourself an E-trade or TD Ameritrade account and put your money in a blue chip stock like Coca-Cola. Do this a few days before the quarterly report comes out. This is the time when the stock value predictably fluctuates up and down. You buy at the low end of the cycle and maybe a few minutes later you see that the stock is at the high end, which is when you sell.
This brings me to a valuable point that you need to grasp. The power of skimming the market could be maximized for someone who has experience in finance but it’s probably not for people who have different backgrounds. Maybe there is a chef who is reading this post and the easiest way to make money for him would be to create recipes for culinary publications. Some people do this for a living because it is so lucrative. Just submitting 2 recipes a year can provide unbelievable income, provided they have the right connections and education. I could easily imagine Wolfgang Puck falling into a niche like this, but it’s definitely a stretch role for Warren Buffet.
Maybe there is a creative type reading this post who has a lot of experience working with his hands. He likes making silver jewelry that has embedded turquoise. Well, most people don’t know that Japanese people go crazy for this kind of thing. If a publication in Japan does a write up of your work, you will have Japanese coming to your front door (even at night). So you can see that the easiest way to make money for the creative, solitary type might be this. However, I can’t see Wolfgang Puck doing it because his background and training in the culinary arts would render limited results.
Truly, the best way to make money is something in which you are self-employed.
As I’m writing this post I’m touring the back roads of Georgia. Getting lost is actually a pleasure as I’m living out what most people only see on TV. White herons, bogs with banyan trees, pecan groves… it’s all here. Yesterday I stopped into a quintessential general store to ask for directions and someone helped me out speaking the thickest southern slang I’ve ever heard. I’ve been enjoying this trek through the back woods but most people in my shoes wouldn’t be able to because they’re not free. They are always thinking about gas and hotel expenses; bills of every kind creep up on them and they get down. For them the “easiest way to make money” can land them a place in the tortured hall of fame because they’ve been trained to think that it means working for someone else. But you know what? If someone doesn’t like to think past his next paycheck, being part of the traditional workforce is probably the best option for him. But hey guys, don’t forget that the word “job” is an acronym for “just over broke”. And there’s no guarantee that next week you will be employed.
I feel sorry for newly graduated college students who owe loads of tuition money but can only find “work” as interns. But remember that no matter what level you are in your career, the easiest way to make money as an employee can put you in a precarious situation later in life. Not fitting into a company’s corporate culture has dire consequences. You could be muzzled or forced to lie. Maybe your job description requires you to go against your values in order to provide for your family. What I’m trying to say here is if you need to go out and get a job, go do it. But if you want to be free in life, don’t plan to spend all of it as an employee.
Now here’s another eye opener. The older you get, the more you know about specific areas. This means that the easiest way to make money being your own boss is in the back of your mind. You just have to get tired enough of your situation and start thinking.