09
Jul
2008
Posted by Robert as Ramblings/Miscellaneous
“Ordinary riches can be stolen, real riches cannot. In your soul are infinitely precious things that cannot be taken from you.”
Wilde seems to have the best general business advice around. This statement packs a pretty big punch, particularly in today’s world where people are constantly trying to find a way to make that quick buck.Â
The reality is that there is no quick buck. And if you do find it, it won’t last very long. Or, as Wilde says, if it’s stolen, you’re back to square one.Â
As an entrepreneur, the key to making money long-term is to make money that can’t be taken away from you.Â
I mean that in the figurative sense. If you intend to sustain yourself without a “job,” you need to make money that, if lost or stolen, you can make again easily. In other words, you can’t settle for “ordinary riches.” Instead, you have to focus on “real riches.”
Ordinary riches are things that everyone and anyone can fall into. An inheritance. A lottery jackpot. A $20 bill lying on the street. If you lose these “ordinary riches,” chances are you won’t come across them again.
Real riches, on the other hand, are things than only you can find. An online business. A niche website. A BANS store. A rental property. If you lose the money or the “real riches” you earn from these vehicles, not only are the chances good that you can make that money back, but you will almost certainly recoup it. And sooner rather than later.

That’s the value in starting your own business or pursuing your own passive-income-producing venture. Every person has an “infinitely precious thing” inside them–a talent, a skill, an idea, etc.  No one can take that away from them. And they can use that to make lasting passive income.
If you like this post, please consider subscribing to my full RSS feed. You can also subscribe by e-mail and have a copy of each new post automatically delivered to your inbox.
Be the first to comment.
RSS feed for comments on this post · TrackBack URI
Leave a reply
previous post: A Good Start With Build A Niche Store (BANS)
next post: Is One Weekend Too Much To Ask For?
to top of page...