• Skip to main content
  • Skip to primary sidebar
Tiktok
Work With Us
Work With Us
The Humble Penny
  • Home
  • Courses
    • One Grand Plus
    • Take Control Bootcamp Planner
    • Make Money Monthly With Affiliate Marketing
    • Budget For Life
    • Super Simple Investing
    • FIRE Superpower
    • Rocket Your Income
    • Value Bundle
  • Programmes
    • Financial Joy Academy (FJA) Membership
    • Architect Programme
    • Financial Joy Academy (FJA) VIP
    • FIRE SuperPower
  • Workshops
  • About
    • About Us
    • Contact
  • Blog
  • Free Resources
    • Free Courses
    • Start a Blog Tutorial
    • Best Resources
    • Books We Love
Start Now
The Humble Penny
  • Home
  • Courses
    • One Grand Plus
    • Take Control Bootcamp Planner
    • Make Money Monthly With Affiliate Marketing
    • Budget For Life
    • Super Simple Investing
    • FIRE Superpower
    • Rocket Your Income
    • Value Bundle
  • Programmes
    • Financial Joy Academy (FJA) Membership
    • Architect Programme
    • Financial Joy Academy (FJA) VIP
    • FIRE SuperPower
  • Workshops
  • About
    • About Us
    • Contact
  • Blog
  • Free Resources
    • Free Courses
    • Start a Blog Tutorial
    • Best Resources
    • Books We Love

7 Money Making Truths That Will Change Your Life

May 8, 2018 by The Humble Penny 8 Comments

This post may contain affiliate links and we may get paid a small commission if you click on a link. Please read our disclosure.

WhatsApp
Share
Share
Pin
938 Shares

7 Money Making Truths That Will Change Your Life

7 Money Making Truths That Will Change Your Life

To make money, you actually need to study money and understand how it is made.

This isn't quite as obvious and logical as it sounds, so read on.

After reading this post, you'll learn to stop searching for money as though it were a mystery.

Money is all around us like energy, and you should be able to say to it, come, and it will come. Or, go over there, and it should.

Now let's dive into some truths about making money, raw and upfront:

1. Money Making Is Good

I am yet to meet anyone who wouldn't like to make more money, and that includes you!

Secretly, you'd like to be rich! Yes, I said it. Whatever your motivation.

Yet, I bet when you talk about making more money, the body language and reaction you get is likely one of disgust. Yuk!

This is partly because many people think of money as “the root of all evil”.

This is of course not true. The love of money is the thing that isn't focused on.

Yes… If you love money, be afraid. Be very afraid!

You know you love money when it's all you think about day and night, and you'll likely sacrifice true relationships for the sake of making some “cash money”!

If you're at this stage of life, you might as well be worshiping money and should start kissing your life goodbye because this path leads to destruction!

Another sign that you love money is that you'll do anything immoral to get it. This includes dirty tactics to get a promotion or bonus, ripping people off, lying etc.

People who go down this path might make some money, but it is usually shortlived. They get caught out by life and never ever thrive for the long term.

If there is anything you take away from this entire post, let it be this –

[yellowbar]Money is made when you serve others using your spiritual (not physical) characteristics.[/yellowbar]

These characteristics include such things as integrity, optimism, creativity, imagination etc.

Such characteristics show up in the physical through your actions, decisions, choices, products, services etc.

Another way to look at this is, when you get hired to work for a company, you're usually hired partly because you possess some ability. The one dimension that is usually non-negotiable is your spiritual dimension – integrity, honesty, energy etc.

Of course, this is never stated explicitly. However, if you think about it, you'll realise it makes sense although I know I really don't need to convince you.

Money is the silent applaud for truly serving another human being. Afterall, all that exists in this world are people and relationships.

What on earth do I mean by “serve others”? Well, I am really referring to truly helping others (customers) achieve a desired outcome or result.

By focusing on truly helping others, you're changing the world around you and not just seeking money. The money follows by default. For this reason, money making is good.

Now that I have told you the primary reason for this post, let's move onto money making truths most people can understand:

2. The Money Making Pyramid

We are told in schools or when we listen to the news that businesses exist to stimulate the economy and provide jobs.

Whilst this is somewhat true, I will tell you the real reason most businesses exist:

To make entrepreneurs rich!

If the entrepreneurs, boards, and shareholders of a business are not making money, the business would cease to exist.

As such, let me introduce you to the Money Making Pyramid:

Money Making Pyramid

At the very top of the pyramid are Entrepreneurs with an Unlimited Earnings Potential. They don't necessarily do the most grafting, but they usually take the most risk.

They also do one more remarkable thing – They take responsibility for problems. Ponder on that for a minute.

Note that for the risks this group take, they become owners and stand to benefit the most financially.

Not only are they rewarded handsomely via dividends (and taxed less) when their businesses make profits, they also stand to get a stupendous reward if and when they sell their successful businesses.

Add to that, this group more than any other is most likely to diversify themselves by moving onto the Superhighway and becoming investors

i.e. they’d move their wealth from one asset class (shares in their businesses) into other asset classes (such as property, Venture Capital investments, Gold or whatever).

Next up in the Money Making Pyramid are the Rain Makers.

These are the group of people often looked down upon by the next group of individuals (Technicians) covered below.

Rain Makers are people who Market and Sell products or generate New Business.

They are the next group in any business that has Unlimited Earnings Potential if they play their cards right.

This group is unique because they obsess about how to get products and services into the hands of customers (you and me).

Rain Makers exist in 2 places:

Type 1 – In their own businesses

Type 2 – In other people's businesses as Intrapreneurs

Type 1 Rain Makers – They absolutely kill it because they realise that their skill is NOT a Commodity.

They dictate prices, especially where they have mastered what they have to offer (by Deep Immersion) and can put together their own Power Rangers team to reinforce their Rain Making abilities.

This group can literally approach Any business with their abilities and ask for Any amount of Money.

They are the types who for example Build funnels for other businesses for £250k a pop or record 3-minute videos for other businesses for £500k a pop.

Type 2 Rain Makers – Are entrepreneurs within other peoples companies i.e. Intrapreneurs.

I have known one such exceptional individual in my working life, and at the height of it, he was taking home £250k a month as an employee Rain Maker.  

And that's because he managed to create a business within a Business. Remarkable!

The final group in the Money Making pyramid are Technicians.

These are the Doctors, Lawyers, Accountants, Actuaries, Bankers, Engineers, Nurses, Teachers, Architects etc.

Interestingly, this is the part of the pyramid that we are driven to when we go to school.

If you are paid a fixed salary, then you are a technician, simply because the skill you offer is a Commodity and can be bought on a readily available market.

There is hope for this group though. Keep on reading.

Entrepreneurs are not there to make Technicians rich. They are there to make themselves rich and take along the Rain Makers.

Rain Makers (if they are good) do not get fired or get offered redundancy. They have bargaining power.

A smart entrepreneur would always pay very close attention to those that generate leads, sales, and customers.

3. Traffic Is Everything

To make money on the internet, you either Own or you Control Traffic.

Think of Facebook, Instagram, Amazon etc. These platforms are machines and do the above or help others do it.

Like icebergs, what you see on the surface is just a fraction of the beasts that exist behind the scenes.

This is fantastic because one guaranteed way to start making money today is to start thinking about how you can own and control some traffic.

I cover Making Money online in 85 Ways to Make Extra Money  

4. Reciprocity Is A Force For Good

Giving leads to receiving. Fact!

Like it or not, to make money, you need to start thinking of creating a ton of value.

Alot of it will be free, and this usually serves as a tool for building trust.

Once trust is established, then the tunnel of exchange has been formed and one is closer to becoming a customer.

Read: The Power Of Generosity and Why It Pays

5. It Is All In Your Hands

Everything you need to become wealthy or Financially Independent is already in your hands today!

You have to become obsessed with your skills and go for Deep Immersion in whatever it is that you do. Next, you need to focus and geek out on what Rain Makers do.

6. You Are Always In A Tunnel Funnel

Do you remember the film, The Truman Show, where Jim Carrey realised he had lived his entire life in a man-made created world?

The truth shook him to the core and he eventually started using it to his advantage.

Well, let me break some truths to you. You are always in a funnel in many aspects of your life.

Have you recently upgraded your phone to the latest iPhone? That's because you are in Apple’s funnel.

Have you recently been on holiday via Expedia or Booking.com? That's probably because they have been courting you for a long time and you are in their funnel.

Below is what a Funnel looks like:

7 Money Making Truths that will Change Your Life

 

This is great news! Can you think of ways this same idea could be useful for your life?

Check out my post on 85 Ways to Make Extra Money for some great ideas.

7. The Internet Does Not Discriminate

This is where there is considerable good news for the technicians referred to above.

Traditionally, the skills people learn are used in their jobs to earn a salary and also enrich the entrepreneurs they work for.

Today, the internet is game-changing and does not discriminate.

Technicians now have a wonderful opportunity of creating expert businesses and related information products they can sell passively. 

The secret sauce to creating an Expert Business successfully is that you have to immerse deeply in your area of expertise, but most importantly, learn the skills of the Rain Maker.

Better yet, assemble a team with Rain Making abilities.

FREE How to Launch A Profitable Side Hustle Course

In this 5 day course I will teach you exactly How to Launch a Profitable Side Hustle. This course will cover the ideation phase, market feasibility and business plan, formulating strategy and tactics, and the final launch!

Start Today and Change Your World! Be Fearless!!

Please check your email to CONFIRM your subscription!! I am updating aspects of this course and will give you a shout as soon as it goes back live. Speak soon 🙂

There was an error submitting your subscription. Please try again.

Create Financial Joy Powered by ConvertKit

7+) Personal Brand – Find your Voice and Make It Rain

You are the Asset but may just not know it yet.

This is true for 2 reasons:

  1. You have a Unique Perspective on all things.
  2. You have a Unique Story.

Throw in your Expertise, identify a niche within your market area and you will soon find your Voice.

Blend in your newly learned skills as a Rain Maker, and you will be Winning.

 

What Money Making Truths Could You Share? Please share your thoughts or perspective as a comment.

 

Do please share this post if you found it useful, and remember, in all things be thankful and Seek Joy.

 

WhatsApp
Share
Share
Pin
938 Shares

What To Read Next On Make money >>

  • Get a FREE Domain Name to Start a Blog or Side Hustle
  • Travel Business Class Cheaply By Collecting Avios Points
  • Combine All Your Old Pensions Into One With PensionBee
  • Replace Your Salary By Learning How To Code Without a Degree

Reader Interactions

Comments

  1. Benson says

    December 22, 2017 at 9:03 pm

    This post got me thinking about setting up a “Rainmaking” business. There are always entities willing to pay a handsome sum to be able to get more traffic.

    0
    Reply
    • Ken Okoroafor says

      December 22, 2017 at 9:20 pm

      Brilliant, Benson :). Can’t wait to hear all about it!

      0
      Reply
  2. Anthony says

    May 10, 2018 at 3:52 pm

    Thanks ken for this brilliant post.
    I will add Positive mindset, Association with only positive people, Leverage and Finding a problem and solving that problem/find solution to the problem for mankind.

    0
    Reply
    • The Humble Penny says

      May 12, 2018 at 1:20 am

      Thank you, Tony! Totally agree.

      0
      Reply
  3. Ros says

    May 13, 2018 at 3:47 pm

    Interesting post Ken, the “rainmakers” category is new to me. Can you give examples of what job titles/positions they tend to be within companies?

    0
    Reply
    • The Humble Penny says

      May 13, 2018 at 4:05 pm

      Hey Ros, Marketing and Sales.

      0
      Reply
      • Ros says

        May 13, 2018 at 8:14 pm

        I’m curious as I would have assumed Marketing and Sales to be fixed salary roles. Even when its commission based I hadn’t imagined it to be at the scale of the rainmakers that you describe. It must be very specialised roles/positions within marketing and sales?

        0
        Reply
        • The Humble Penny says

          May 16, 2018 at 10:07 pm

          Comms are the main game especially for sales roles.

          The specific individual I referred to was in his early 50s. Well experienced senior. Saying that, some of the guys in their 30s were taking home about £25k a month (excluding basic salary). I am talking about sales in Financial services here…not conventional sales roles.

          0
          Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

About-the-humble-penny

We are Ken and Mary Okoroafor, founders of The Humble Penny®.

Learning how to take control of our finances, grow our money and develop healthy money habits has transformed our lives since our early days as a young couple with little money having started out as immigrants. It enabled us to become mortgage-free in 7 years and also achieve Financial Independence aged 34!

Today we live purposefully to help others achieve Financial Freedom and ultimately create meaningful lives of Financial Joy.

Follow us

  • mail
  • facebook
  • twitter
  • instagram
  • youtube

Popular Posts

  • BEST SIDE HUSTLE IDEAS UK | 50 Ways to Make Extra 1000 a Month
  • 7 Guaranteed Ways On How To Make An Extra £1000 A Month (2022)
  • 12 Best Income Generating Assets for Passive Income (2022)
  • How To Prepare For a UK Recession 2022 (ACT NOW)
  • BEST VANGUARD FUNDS: ETFs and Index Funds For Financial Independence
  • How To Start An Online Business In 7-DAYS

Create a financial life you love. Subscribe via email:

  • HOME PAGE
  • About
    • About Us
  • Blog
  • Course
  • Programmes
  • Workshops
  • Free Resources
    • Free Courses
    • Start a Blog Tutorial
    • Best Resources
    • Books We Love
  • PRIVACY POLICY
  • COOKIE DISCLOSURE
  • DISCLAIMER
  • CONDITIONS OF USE
  • Contact Us
Tiktok

To help you remove money stress and achieve financial independence

Create a financial life you love.
Subscribe via email:

  • HOME PAGE
  • About
    • About Us
  • Blog
  • Course
  • Programmes
  • Workshops
  • Free Resources
    • Free Courses
    • Start a Blog Tutorial
    • Best Resources
    • Books We Love
  • PRIVACY POLICY
  • COOKIE DISCLOSURE
  • DISCLAIMER
  • CONDITIONS OF USE
  • Contact Us
Tiktok