The Art Of Fast Money Making

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The Art of Making Fast Money


Summary


Fast money isn't earned by simply clocking hours; it’s made by delivering valuable solutions.

Understanding Different Types of Money


As Zig Ziglar once said, "Money isn't the most important thing in life, but it's reasonably close to oxygen on the 'gotta have it' scale." Let's refine our understanding of money by categorizing it into three types: fast money, hourly money, and credit money. While the first isn't tied to time, the latter two are.

The Drawbacks of Credit and Hourly Money


Credit money, borrowed to indulge in immediate pleasures like buying a car, is the least desirable. It links closely with hourly money, requiring proof of earned income to access loans. Essentially, credit money involves paying future earnings for today's desires, often at high interest rates.

Hourly money, earned by exchanging time for wages, is the most common way people make a living. Though it offers job security, it’s inefficient and limits potential.

The Appeal of Fast Money


Unlike hourly or credit money, fast money is pursued by the wealthy 10% who create wealth rather than working for it. It’s about producing results, not counting hours.

The Concept of Fast Money


The essence of fast money is its detachment from time. In this realm, earning $100,000 in 10 minutes or a million dollars in an afternoon is not unusual. The key is that time is irrelevant; what matters are solutions.

Solutions Over Time


Fast money is generated by solving problems. Take the classic dentist's scenario: a patient is charged $1,200 for a quick tooth extraction. The fee isn't for two minutes of work, but for the solution delivered efficiently. The dentist illustrates that it’s about resolving a need, not the time spent.

Finding Fast Money Opportunities


To join the fast money arena, seek out individuals or organizations with urgent problems. Offer your unique solutions. This could mean interacting with countless million-dollar corporations needing assistance.

Conclusion


Shift your mindset from merely clocking hours to solving problems and creating value. The art of fast money is about leveraging your skills to provide solutions quickly and effectively. That’s the key to entering the fast money world.

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