Tuesday, January 10, 2012

The third way to make money

There are 3 LEGAL ways to make money. The first I can think of is by offering a service for the right price. Second is to offer a product for the right price. Third is hard to describe. Money is made when the right speculation is made concerning the future price of a product.

What value does the 3rd method add to society? The ability of society to execute the transaction of method 1 and 2 smoothly. In financial terms, speculators are paid to provide liquidity to ease transaction.

2 comments:

caleb phang said...

come back to nz to make money!! what are you doing over there man..

or at the very least... invest some of you money in me.. not in what i buy, cos i havent bought anything yet, but in my character/personality/ability. it wont go to waste.

lets do it man!!

ps: i'm selling my greenlane house. its actually very close to being sold. so i'm actually very close to looking for another house now.

Benjamin Chow said...

Hey dude will love to do something with you in the future. Congrats on your house man! I don't know many people our age that have done what you did!