5 Tricks to Making Money Fast: The Trick to Money Is Having Some
“To make a lot of money, you will have to decide to become
somewhat abnormal. Normal people are rarely successful, and what success they
do enjoy is often tainted by their discomfort in life.” — Stuart Wilde, The Trick To Money Is Having Some
“There are two ways to make a
sale. You can go out into the world and push to convince people or you can
stand back and have them come to you. It’s your choice.” My first mentor taught
me that like most things in life, money comes quickly to those who have it and
it shies away from those who don’t.
I often wondered what makes two
seemingly similar people — who grew up with equal backgrounds, equal
opportunity and relatively equal education — so different in their earning
capacity. Even in families where siblings are raised equally this is often the
case. Is there something inherent to one person that the other does not have?
Is one missing an integral skill or capability? Is one privy to some
information that the other has missed. Is it pure luck of the draw, or is there
an unspoken secret that one has learned that the other may be missing?
After years of watching wealthy
and not-so-wealthy people, I learned that there is a “secret.” However, the
“secret” may not really be so secret after all. It may in fact be hidden in plain
sight.
I will break it down in 7 steps.
1. Like attracts like. Wealthy
people, money and the deals they make like to be around the same. Clue: It
costs nothing to hang around wealthy people and be around deals.
2. Options equal opportunity. The
more options you have, the greater your chances of success. Often the trick is
just seeing all the options in front of you.
3. “Pull” is better than “Push”.
You can go out into the world and push things on people. That works some of the
time, but it is laborious and won’t make you rich. Creating something excellent
and pulling people towards you is far more effective.
4. Patience is often your
greatest ally. Impatience leads to poor decisions. The ability to delay
gratification is essential.
5. Low hanging fruit is the most
delicious. Find what you are great at. Everyone is great at something or can be
great at something, so you need to capitalize on that. Amplify your successes
and multiply the things that make you the most money.
6. Work smart not hard. Often times,
people think that they have to work hard to get ahead. While hard work is not
something to shy away from, it’s always better to work smart.
7. There is a seventh step that
is fairly controversial but very effective. I will offer it here for your consideration.
Every successful person I know has done and does this. No matter how much money
you have, this may be an essential step.
The step is this: Frivolously
burn some money.
You read it correctly. Take a
small amount of money that you can afford to part with and burn it. Go out
randomly and buy 10 strangers sushi and then walk out. Watch their reactions
from the window. Walk onto a bus, toll booth or train and pay for the next five
people. Buy something ridiculous and then simply give it away. Make a bonfire
and use some bills as kindling. Invite some friends over and watch their
reactions (well worth the price of admission).
Do whatever works for you. The
concept is that you want to remind yourself that money is not some holy and
sacred thing. It is not even something that needs to be respected. It’s just
paper (or pixels). It is the easiest way to get someone to do something or give
you something; however, it’s not the only way. It doesn’t control you. The less
you actually care about it (and it will show), the more you will naturally
attract it. Remember, the trick to everything is having some.
Author’s Note: My friend, the late Stuart Wilde, wrote his best
work entitled “The Trick To Money Is Having Some” in the early 1990s. Although
fraught with problematic and flighty new-age talk, the book was a seminal work
for its time and inspirational to many including myself. Definitely check it
out if you haven’t already. If you can get past the lofty new-age dribble,
there are some valuable gems in there to be found.
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