ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

For the Love of Money - How to Accumulate More

Updated on May 26, 2012
For the Love of Money
For the Love of Money | Source
Money Flow
Money Flow | Source

We Awake

Every week day most of us wake up early in the morning, climb out of bed, and get ready to face that daily grind; just like we did yesterday, just like we will tomorrow; unless its Monday or Friday; of course. We do it to earn some of those bills that are made with linen and cotton mixed, printed with a multitude of ink colors ranging from green to black with the pictures of dead presidents on them. Its the almighty dollar that drives our hustle and bustle through the house, onto the street, and to the office; or where ever you work. I'm not sure what it is that drives those over achievers that find themselves addicted to their work, working far too many hours, while they accumulate a small stockpile of those bills. Maybe they just have that extra drive, maybe they are greedy, maybe their lucky, maybe they just have nothing better to do with their time. I don't know maybe; maybe they have an addiction. It's a good addiction, from the perspective of their bank account, but their personal life outside of work will suffer. So now; what about the guy (or person) who does all those things and is possibly addicted to their job as well, but they never seem to find that pot of gold at the end of the rainbow. Did they do something wrong, were they unlucky, did they just make bad decisions, who knows? Whatever the reason; even though they have worked very hard, been slaves to their jobs, and missed whatever portions of their personal lives that they didn't have time for; they still don't have anything to show for it. I wonder how many unlucky ones there are compared to those who were more fortunate. I could be wrong, and it might sound bad, but I'd like to think that there are a lot more of the cursed than there are of the blessed. If I'm right or not, there is still something wrong with the money flow, and it's not just these people either. Oh no, it's like this for everyone, no matter what kind of work ethic they have, there is a certain amount of uncertainty as to what their financial future looks like. I'll be the first to admit that we in America live in the place where our dreams are more likely to come true than in any other place. Though there are still many, whose fortunes are never found.

Money Accumulation

I think that in many cases those who do amass that fortune that is the envy to so many of those in similar situations, understood the mechanics of accumulation. They knew something or had an understanding of something that those in the reverse didn't know. Many if not all of those who didn't reach that pivotal point of accumulation probably could have if they had only made a few decisions slightly differently. Rather than a standstill or decline of wealth, they could have excelled just like those they find themselves in envy of. Those who enjoyed being lucky or who were greedy, or whatever I said earlier, had a plan that worked. There are two basic methods that I will identify, one being based on focus, and the other being based on diversity.

Money Tree
Money Tree | Source

Methods

Method one consists of finding a talent and zooming in on that talent like it is your only talent. You have to focus on one basic skill and find a way to monopolize on it. I think there is a bit more luck to method one than there is to number two but if you follow through and don't loose hope you will certainly have a fighting chance.

Method two is to diversify your interests, lets face it most of us have more than one talent, so why can't we monopolize on those as well. Method two is kind of like a back up plan from my prospective, and deserves a bit more in-depth coverage. Those who use method two are likely already using method one, but are having a little less luck than others. That's where method two comes into play. You have to accumulate multiple ways to monopolize on multiple talents, thus creating multiple flows of income. You will still focus on your strengths, but learn to make more than one of them profitable.

A Few Ideas

OK, here a few ideas from me the author. First you need to be organized and have written goals. Always look for ways to increase your income and shrink your expenses. Keep a record of all of your ideas, if you can't realize them now maybe you can at some point in the future. Keep your priorities straight, and don't loose focus. Some examples of ways to increase your income would be to give guitar lessons, work on computers for people, run live sound for a band or two or a venue, Write on HubPages (I had to throw that in there). Whatever interests you and you have a decent level of skill in, can be turned into extra income on the side, especially if its a hobby that you would be involved in anyway. You might be able to evaluate your bills and minimize your expenses by shopping around for services. I mean all of your services that have any options, it never hurts to check. For example, your lights, heat, internet, phone, insurance, cable, or satellite may all be sources of lowering your output without affecting your lifestyle.

Good luck to you, thanks for reading, and have a wonderful day. Leave a comment if you'd like, I'd appreciate it.

Do you utilize smart tactics to get ahead?

See results

Comments

    0 of 8192 characters used
    Post Comment

    • dmop profile imageAUTHOR

      dmop 

      6 years ago from Cambridge City, IN

      Moneyger, thanks reading and for your comment. I agree that we are all born wealthy in gifts of abilities. The disappointing thing is that not all gifts pay equally in this commercialized world. Thanks again and have a great day.

    • Moneyger profile image

      Moneyger 

      6 years ago

      Your hub is interesting. It is important to note that we are all born wealthy, each with a special gift they can use to do more than merely survive, but the fact is that we have to actualize this.

    • dmop profile imageAUTHOR

      dmop 

      6 years ago from Cambridge City, IN

      Electro-Denizen, Thanks for taking a moment to read my work, and for your insightful comment. I agree that we aren't all wired the same way, and likely aren't meant to all be wealthy. I suppose that is just how things go. Thanks again, and have a fantastic day.

    • Electro-Denizen profile image

      Charles 

      6 years ago from Wales, UK

      Interesting hub. Your hubs are like a breath of fresh air=. I think you're right, there are key reasons as to why some people accumulate while others lose. Being organised, you mention - but my experience of being organised is that it's incredibly difficult. Some people are just not cut out to be like that, is my opinion. There's a great truth in just being in the present moment without worrying about material success. Perhaps some people believe this unconsciously, which is good, but then get fed up when they don't accumulate wealth forgetting where their real priorities lie!! (i.e. not organised enough to recognise the illusory satisfaction of material wealth lol)

    • dmop profile imageAUTHOR

      dmop 

      6 years ago from Cambridge City, IN

      KoffeeKlatch Gals, thank you so much for reading and for taking a moment to comment. Have a great day!

    • KoffeeKlatch Gals profile image

      Susan Hazelton 

      6 years ago from Sunny Florida

      Very interesting. I agree, we do have more than one talent. I tend to use more than one of mine at a time.

    • dmop profile imageAUTHOR

      dmop 

      6 years ago from Cambridge City, IN

      stessily, thank you for reading and for your thoughtful comment. Have a great day!

    • profile image

      stessily 

      6 years ago

      dmop, Interesting presentation with interesting suggestions as to why and how wealth is accumulated.

      Thank you for including "The pawnshop"; Charlie Chaplin made a fortune by honing his talents.

    • dmop profile imageAUTHOR

      dmop 

      6 years ago from Cambridge City, IN

      Thanks for reading and commenting. I feel like this Hub is missing something, but it has been one of my highest scorers, so I haven't messed with it. Have a great day!

    • winbo profile image

      winbo 

      6 years ago

      interesting hub..

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)