Tag Archives: finansies

Hoe om geld te maak

After my musings on God and atheism, which some may have found useless, let’s look at a supremely practical problem — how to make money. Loads of it. Apparently, it is one of the most frequently searched phrases in Google, and the results usually attempt to separate you from your cash rather than help you make more of it.

Om eerlik te wees, this post won’t give you any get-rich-quick, sure-fire schemes or strategies. What it will tell you is why and how some people make money, and hopefully uncover some new insights. You may be able to put some of these insights to work and make yourself rich — if that’s where you think your happiness lies.

By now, it is clear to most people that they cannot become filthy rich by working for somebody else. In werklikheid, that statement is not quite true. CEOs and top executives all work for the shareholders of the companies that employ them, but are filthy rich. Ten minste, some of them are. Maar, in die algemeen, it is true that you cannot make serious money working in a company, statistically speaking.

Working for yourself — if you are very lucky and extremely talented — you may make a bundle. When we hear the word “rich,” the people that come to mind tend to be ('n) entrepreneurs/industrialists/software moguls — like Bill Gates, Richard Branson etc., (b) celebrities — actors, writers etc., (c) investment professionals — Warren Buffet, byvoorbeeld, en (d) fraudsters of the Madoff school.

There is a common thread that runs across all these categories of rich people, and the endeavors that make them their money. It is the notion of scalability. To understand it well, let’s look at why there is a limit to how much money you can make as a professional. Let’s say you are a very successful, highly-skilled professional — say a brain surgeon. You charge $10k a surgery, and perform one a day. So you make about $2.5 million a year. Serious money, geen twyfel. How do you scale it up though? By working twice as long and charging more, may be you can make $5 million or $10 miljoen. But there is a limit you won’t be able to go beyond.

The limit comes about because the fundamental economic transaction involves selling your time. Although your time may be highly-skilled and expensive, you have only 24 hours in a day to sell. That is your limit.

Now take the example of, sê, John Grisham. He spends his time researching and writing his best-selling books. In that sense, he sells his time as well. But the big difference is that he sells it to many mense.

We can see a similar pattern in software products like Windows XP, performances by artists, sports events, movies and so on. One performance or accomplishment is sold countless times. With a slight stretch of imagination, we can say that entrepreneurs are also selling their time (that they spend setting up their businesses) multiple times (to customers, clients, passengers etc.) This is the only way to address the scalability issue that comes about due to the paucity of time.

Investment professionals (bankers) do it too. They develop new products and ideas that they can sell to the masses. Daarbenewens, they make use of a different angle that we discussed in the Filosofie van Geld. They focus on the investment value of money to make oodles of it. Dit is nie so erg dat hulle neem jou geld as deposito, leen dit uit as lenings, en verdien om die verspreiding. Diegene eenvoudige tye weg is vir 'n goeie. Die banke maak gebruik van die feit dat beleggers eis die hoogste moontlike opbrengs vir die laagste moontlike risiko. Enige geleentheid om hierdie risiko-beloning koevert te stoot is 'n wins potensiaal. Wanneer hulle geld maak vir jou , hulle vra hul vergoeding en jy is gelukkig om dit te betaal.

Sit dit op die manier, belegging klink soos 'n positiewe konsep, wat dit is, in ons huidige modus van denke. Ons kan maklik maak dit 'n negatiewe ding deur die uitbeelding van die vraag na die belegging waarde van geld as gierigheid. Dit volg dan dat ons almal is gulsig, en dat dit ons gierigheid wat brandstof die gek vergoedingspakkette van die top-vlak bestuurders. Gierigheid ook brandstof bedrog – Ponzi en piramideskemas.

There is a thin blurry line between the schemes that thrive on other people’s greed and confidence jobs. If you can come up with a scheme that makes money for others, and stay legal (if not moral), then you will make money. You can see that even education, traditionally considered a higher pursuit, is indeed an investment against future earnings. Viewed in that light, you will understand the correlation between the tuition fees at various schools and the salaries their graduates command.