Where DOES Money Come From? – Part 2

In  my last Blog I announced I would be writing a series of messages that focus on identifying ways you can generate extra income. I also stressed the importance of taking control of your current income before you start focusing on earning more.

Over the years I have become very clear that happiness and a high income are not connected.

In our culture we have been indoctrinated into believing that if we have more stuff we must surely be happy and so the message constantly being presented to us is that we should buy more and more stuff.

My belief is that as you find ways to generate more income, you will realise that income comes from helping solve other people’s problems (unless of course you decide to become a drug dealer or some other sleazebag who is more focused on taking than giving).

I assure you that the excitement that comes from creating something that you know is making the world a better place and the pleasure you get from making other people’s lives better will make you a very happy person.

Happiness is a by-product and not a buy product!

Generating extra income usually means starting your own business regardless of how large or small that might be and regardless of whether you actually register a business or not. You will find as you travel this journey that you will be less and less interested in spending money as a way of finding pleasure and more and more interested in building your business and delivering pleasure to others!

So let’s get down to business!

Last time I asked the question “where does money come from?” I hope you spent some time considering this question. If you take a look around, you will see that there is money everywhere because there are problems everywhere.

For you to tap into some of this money it makes the most sense for you to do it with something that you would be happy to focus on that you can get passionate and excited about.

Make a list of all of the problems you can think of that need solving to make people’s lives better in relation to your hobbies, your passions and how you like to spend your spare time.

If you can’t think of any you are just not trying hard enough.

At the start of this year I knew I was going to be writing on this topic later in the year so I decided to embark on a project to use as an example.

I have a passion for old motorcycles and I like to restore them to brand-new condition as a hobby. So this was what I chose to see if I could identify some problems that needed solving.

I know there are other guys who share my passion so I started thinking about what problems they might be looking for solutions to. When you are restoring old motorbikes there are plenty of things that need fixing. All I had to do was identify one thing that I could help other enthusiasts with and I would have a focus for my business example.

I have now identified a number of problems that I can help people with and have generated over $12,000 in income as a result. I have engaged the services of a business in Australia and another one in England to manufacture a particular item and I have an agreement in place with a previously established business to handle the sales and marketing.

In my next post I will let you know how I did that but for now your task for the next few days is to focus on your hobbies, passions and interests and make a list of all of the problems that people would like to have solved and all of the things that are not easy that could be made easier.

If you want to focus on generating additional income by improving the lives of others I recommend you also take a look at my Simple Wealth Steps course as a way of not only identifying business opportunities but also in getting your house in order in preparation for your success.

That’s all for today.

David Wright