How to Make Lots of Money During a Recession (Blog)

[Rose of Cairo]

Getting sucked into a job, where you have to trade hours for dollars, is just as bad. These are dead ends you should avoid by any means.

You have to stay focused on creating and delivering value. Everything that detracts from this focus should be viewed as an expense, obstacle, or just plain evil.

What a timely post! I'm dead broke and jobbing to earn money and very, very angry at myself for that! I feel so trapped, and I feel so angry at all this distraction from my real projects! All this is just getting into my way, it makes me lose time, it really is just plain evil!

[now or never]

Rose of Cairo,

Of course you're frustrated. Why not just do what Steve would suggest, and stop going to work. All you need to do is create value instead. Easy

(No, please don't thank me for solving your problem for you- my pleasure!)

[jdbhouston]

Hi Steve,
Just wanted to add my thanks for this great post. It really struck a chord with me at a crossroads in my life. I'll use your own words to say "Wow. That’s awesome! You made my day!”
jdb

[now or never]

I accept I'm not as bright as many but this article was called "How to make money during a Recession"...

The answer after much discussion, seems to be "create and deliver value".

Many people seem to think this is great, helpful and insightful...

I should have been a management consultant!!!

[lifetimelearner]

Originally Posted by now or never

I accept I'm not as bright as many but this article was called "How to make money during a Recession"...

The answer after much discussion, seems to be "create and deliver value".

Many people seem to think this is great, helpful and insightful...

I should have been a management consultant!!!

who are you ?

[lifetimelearner]

It's not up to steve to fill in the blanks for us

It's an alternative to 9-5 till you die

his insights have been most helpful to me

[Speedbump]

Steve, you are so right. I am personally in an industry that is dying, and dying far more rapidly than the people who run it ever dreamed, because the product they deliver is increasingly of little or no value to greater numbers of people. Our customers are all older and don't want to live in the digital age, so every time one of them dies...there goes more ad dollars, etc. What's more, I have come to understand that the product is also actually harmful to people. I didn't used to think that; I thought we were helping people. But we're not. We are part of the problem. (And yes, at the moment I include myself in that.) We are all going to be better off when my (current) industry, so negative in tone and totally dysfunctional, is simply gone. WAY better off.

And yes, for the record, I'm getting out.

[Jasper]

Originally Posted by now or never

I accept I'm not as bright as many but this article was called "How to make money during a Recession"...

The answer after much discussion, seems to be "create and deliver value".

Many people seem to think this is great, helpful and insightful...

I should have been a management consultant!!!

I'm not sure what you are looking for, but I doubt you'll find it here.
If you are looking for a quick-fix, an easy money making scheme, or that one idea that everybody didn't think about, you're not going to find it. What Steve did (for me anyway) is show that making money, in general but even more so during a recession, is based on creating and delivering social value. If you do something that society values, you will get that value back, in the form of money. This concept, this knowing, should help you understand your situation better, plus offer you the 'tools' to determine what it is you can or need to change to become more calibrated to make money.
The whole point is, that there is no quick fix, no easy way, no buy this and sell that strategy that will surely make you money. If there is such a way, many people are on it and you can be sure that margins are zero to none. So the easy ways (or should I say lazy ways) just aren't going to cut it. What you need is something you love to do, that adds value to society. And than it will be easy!
And if you feel you are already creating value and delivering it, but you're not making the money, than hopefully Steve's showed you where to look to improve your situation. Ask yourself questions such as:

- Do I really create value? (Will I be missed - please not it's social value we're talking about, not objective value)
- Do I really deliver value? (Is my value available to others?)
- Can I improve any of these two?

If you take care of these three issues well, the money will follow. That's what you can take away from this article. And that should help you in making money during a recession. Hope this helps.

[munish]

What a Pearl!!

Originally Posted by Steve Pavlina

Seriously, you are better off being broke and homeless, so you can focus on creating and delivering value from that place.

Originally Posted by Steve Pavlina

If I had to choose between being homeless and getting a full-time job, I’d go the homeless route. Having a job would be 10x worse. As a homeless person, I could stay hungry and focused on creating and delivering value.

Originally Posted by Steve Pavlina

Have you ever talked to a homeless person? Some of them find the idea of having a job insulting — it represents a loss of freedom. Sure you smell better and can get a nicer place to live, but you lose your humanity in the process. Perhaps such people realize something you don’t.

Is anyone considering a 30 days Challenge being Homeless?

So that we could learn more from this advice of Steve.May pls. PM me.

Thanks again for this advice.

One of the best Advice of Steve.

[DAveNJ]

Originally Posted by LeslieMock

....

My Story:
My husband and I quit soul sucking jobs 2 years ago to make a living ourselves and move to a place we actually wanted to live. I think we both finally have products and services that create value, it just took more time than planned to get here. And we've run pretty short of money. So, the "job" looms on the horizon. Now I agree 100% with Steve about working for someone else. And I really believe now that the main reason why it took us longer than expected to hit our "value" stride, was "employee think" or a mindset that needed to shift out of years of employee, employee, employee. Despite the fact that I always hated being an employee and have the "traits" of an entreprenuer, it still took me months and months to start believing and thinking like someone who is totally capable of creating everything I need, outside of all of the familiar structures of corporations, schools, and govt. AND, as Steve says, the money MUST become meaningless. The thought of being homeless must lose it's power. All of the "sky is falling" crap that keeps us tied to employment, must lose their power.

We moved here with 1 year's worth of money to get things going (actually more, but we still thought we needed so many things that had anestitized us in our former employee life). More than two years later, we are still going at it. Things have appeared when we need them. No, it hasn't been all aglow and it has been stressful. But I cannot imagine trading this for a job. The money has become so unimportant. Yes, I want to keep my house and eat. But, I see totally Steve's comment about being homeless rather than working for someone else. Do I want or plan to be homeless? No- but the power of the shame of it, is gone.

I have many friends trying to take this path (most of them women, and that's another story), and I see clearly, once this mind shift occurs and it is not about the money, success begins to happen - rapidly.

.....

Leslie,
Great post. Thank you for sharing your experience. It really meant a lot to me and I am going to re-read it often. It was a great enhancement of Steve's article.

Best of luck to you and your husband.

Dave

[now or never]

The aim of this site is personal development. It's not easy to do, but it can be easier if we have signposts to help guide us. Now I accept that many people out there will have had an enlightening moment when they read that they needed to provide value to make money. One would hope this is also the first lesson any business school would teach.

Now somewhere along the line, during desperate times or whatever, maybe people do focus on cut backs and the "bottom line" at the expense of value. Nevertheless I'd like to think "smart" people know the importance of providing value anyway, and have hopefully been striving to do this prior to the article.

So now we come to an interesting point- does having plenty of money and free time offer a better starting point for offering huge amounts more value? I would argue yes. Think what value you could give with lottery winnings or with the income of a CEO? Surely Steve can provide better value to us all with his now abundant lifestyle than if he really was living on a park bench?

So if we can provide better value to the whole from an abundant point, then we are almost duty bound to get there in order to do the greatest good, both for others and indeed ourselves. Surely then it makes sense to also get the most back, from the value we put out, to accelerate our progress to that position in life?

I am not saying Steve is wrong, just that his article is incomplete. Defenders of this latest article are in two camps: camp one says that it's been eye-opening and they now realise they must focus on providing value; camp two claims this article makes motivational sense, but it is for us to interpret how we use it. However I bet there are many many more reading this article who know full well they need to provide value (somehow) but are still stuck.

So, once again I ask... What are the things in common that self made highly successful people have? Should we be making better use of networking instead of trying to go it alone with a coffee and self-help website? What are the ways of getting to a lifestyle that say Steve has, that does not depend on technology or more self-help ideas? In other words, as well as focusing on (as someone said, the airy-fairy stuff) what other practical things can we do to propel our growth and then give more to others and ourselves?

[Marth]

I've had some real problems with this question: What is genuine value? What outside of food, drink, shelter & growth is valuable.

[Jasper]

Originally Posted by now or never

So, once again I ask... What are the things in common that self made highly successful people have? Should we be making better use of networking instead of trying to go it alone with a coffee and self-help website? What are the ways of getting to a lifestyle that say Steve has, that does not depend on technology or more self-help ideas? In other words, as well as focusing on (as someone said, the airy-fairy stuff) what other practical things can we do to propel our growth and then give more to others and ourselves?

- They had the win-win approach, which ensured they could do their "trick" longer than just a hype would warrant.
- They had discipline to stuck with what they wanted.
- They had the clarity to see what worked and learn from their mistakes.
- They observed the masses and did the opposite, knowing that if you want to have something different, you have to do something different.

You can make this as complicated as you want. And in today's world, you'll find plenty of places for that. But you can also make it as simple as you want. And that's what Steve's post did for me. He made it simple. He said, pick your passion, try to see how you can add value that society will enjoy, and create, deliver or both.

That's it. Stop talking, think for a while, and then, the most important part, go do it. Don't sit around talking and thinking about it endlessy. Do it.

If you want to be succesfull: pick a subject, dive in, and work hard, and be smart about all of it.

[now or never]

"But you can also make it as simple as you want. And that's what Steve's post did for me. He made it simple. He said, pick your passion, try to see how you can add value that society will enjoy, and create, deliver or both."

He didn't quite say it in so few words now did he!!!???

Anyway, some good points... Nevertheless if the subject was as simple as you make it sound then surely we'd all be doing it already and Steve wouldn't need to write the articles? Far from complicating it, I'm trying to see if there are some basics here which we can all apply, and yes, you did name some.

Could I ask how you are applying it all? Maybe we could all share and learn from each other in a practical way. For example, when you said "just do it", you are of course, right... However maybe it would help more people if you said how? Up to you of course, it's your business and you can keep it that way:-)

[Jasper]

Originally Posted by now or never

He didn't quite say it in so few words now did he!!!???

Anyway, some good points... Nevertheless if the subject was as simple as you make it sound then surely we'd all be doing it already and Steve wouldn't need to write the articles? Far from complicating it, I'm trying to see if there are some basics here which we can all apply, and yes, you did name some.

Could I ask how you are applying it all? Maybe we could all share and learn from each other in a practical way. For example, when you said "just do it", you are of course, right... However maybe it would help more people if you said how? Up to you of course, it's your business and you can keep it that way:-)

Hehe, no problem for me going into more detail. Since you can only give away what you have, the best way to really know something is by causing others to know. So I'm happy to share .

As to your comment on why Steve uses many words, I think that's necessary to get as many people as he can to benefit from it. When I say, "just do it", one person might say, ofcourse that's it, while someone else might say, eh.. sure, do what? By devoting a couple of thousand words to it, I (meaning, Steve ) might paint a few different pictures and hopefully a clear one, so that every person can find the picture that makes him/her understand what I'm trying to explain.

Then for why I (as in, me ) use so little, and make it so "simple", that's because I truely think it IS that simple. This world, this society, had made many things so over complicated, so difficult, when there is really no need for it. And that's why I love this site, Steve's articles, and this forum with it's earnestly seeking visitors. They all help me get back to that basic simplicity.

The problem with questions like "how do I get rich" or "how did the millionaires get rich" is that there are as many stories as there are millionaires... And to me, Steve's point is, forget them, forget the path they took, forget the money they made, seek inward. If you find within you something you love to do, and your brain is able to form a service or product to go along with that, you are ready to stop the thinking and start the doing. Turn thought into reality.

And only you can decide how to do that in your situation. I don't know what you love to do, I don't know where your passion is, or your skill. If you were to tell me more about it, I might help you figure out YOUR path. That way you can stop trying to deduct your path from other people's path (which if fine, don't get me wrong, I just think if you want to know what to do in your situation, focussing on your situation is the faster way to clarity).

If you tell me what you love, I'm sure I can think of a few things that will turn your love into products or services that people might like to buy. But realise that in order for you to do this, you'll have to work hard, no matter what you choose. You'll have to have discipline. There is no magic shortcut that you can do that will make you a millionaire, all the while making it possible for you to lay on the couch all day and eat cookies. And the cool thing is, that if you figure out a way to turn your passion into a product, you'll LOVE to do that, you'll LOVE to work. And that's why, at that point, the money will come (people love to pay for passion), and you won't even care that much anymore. And that's why thinking of something to do "that will make money" will never get you to your truth. Money is a means, not an end.

Hope this helps .

[yoopersmith]

Originally Posted by yoopersmith

Ok...I was about to get into all the things that this post brought to mind...but instead I am going to use this to fuel content (hopefully VALUE) on my web page...when I done, I will let you know and you can tell me if I' SUCK.

Give it to me straight Doctors...I can take it!

Yoops
Shift Your Consciousness

Ok party people...here is my sucky web page post in response to this post:

Wealth Consciousness during a recession

I already found a typo...I can't fix it until I get home...I typed "Wives" instead of "wife's"...hmmm...

Anyway, please check it out and lemme know how much I suck...

THANKS!

[RT Wolf]

Originally Posted by Marth

I've had some real problems with this question: What is genuine value? What outside of food, drink, shelter & growth is valuable.

I've also dealt with this. Value is whatever you think is valuable. The cost of the materials is often divorced from the final market value (ie what someone is willing to pay for). For example, if I offered to sell you a piece of canvas with some oils on it, which are worth maybe 10 dollars in materials cost, for 100 million dollars, would you think I was crazy? What if I told you it was the Mona Lisa or other famous portrait. Then you might go...that's a good deal!

All value requires a consciousness to recognize it, even the value of food, drink, shelter are valuable insofar as there is a creature that wants it. There is no "objective" criteria of value.

[RT Wolf]

Originally Posted by now or never

So if we can provide better value to the whole from an abundant point, then we are almost duty bound to get there in order to do the greatest good, both for others and indeed ourselves. Surely then it makes sense to also get the most back, from the value we put out, to accelerate our progress to that position in life?

I believe Steve says about the same thing here:

Are You Afraid to Be Rich?

However I bet there are many many more reading this article who know full well they need to provide value (somehow) but are still stuck.

Ok, that i can understand and agree to. Steve has written about these thing previously (try his articles in 2005, they're a bit more grounded).

Steve's argument is thus, if I'm not mistaken:

1. Discover your life purpose.
What Is Your Career?
2. Figure out what your strengths are and how you want to fulfill your life purpose. This is two-fold, it feels great to express your strengths. The second is that everyone has strengths that improving returns exponential returns because not everyone has these strengths.
Discover Your Strengths
3. Combine your unique purpose + your unique strengths to build a career that provides the value you want, which is an expression of your life purpose.
Do You Have a Deeply Fulfilling Career?
4. Don't be a self-sacrificing martyr, accept the money that rightfully comes your way. You can choose to give it away after you get it, but accept it.

You may want to Ctrl-F his Archives page for the word "career".
Personal Development Blog Archives

Anyhoo, your claim that his advice is incomplete is inaccurate, IMO. I dunno how long you've been following his blog or how many entries you've read, but a lot of the stuff you say is missing is in there, though it can take some time to find it all.

That said, you're more than welcome to create a more comrephensive collection of ideas on how to discover your life purpose and find a career parth that suits you, whether in employment or self-employement. I'm sure many people would be interested and consider it valuable.

Alternatively, its unclear what level of analysis you want to talk about this at:
Mental Structure: Levels of Analysis | Mind-Manual

IE, purpose is high level, but a career is lower level, choosing whether to be self-employed or have a job or both is at a lower level, let's the lowest level is tweaking your resume so you can find a better job, or the specific actions necessary to start your own business. Which level do you want to talk at?

The lowest level might be very specific like, what's the next action I need to take to start a business in the chrome cleaning industry?

Edit, apparently he did a series on creating a career here:
How to Create a Fulfilling Career

Click Next Post at the top of the entry to go to the next one.

[SuavePlaya]

I don't get how career is low level. There are people out there that love their job and the people they work with. I know people that are happy to wake up in the morning to go to work just as much as steve loves to write these blogs. RT Wolf don't degrade people because their passion doesn't match yours or Steve's. Moonrambler, I do agree with you if steve does preach having a job is a big no no. What you need to survive is only food,water, and shelter. If everyone was awake we would only be purchasing food,water, and shelter to survive. Do you think our economy would be strong if people were to only purchase these things? Most people are asleep they think they NEED things they really don't like an IPOD. When people buy things they don't need to survive like an IPOD it really pumps up the economy. If the whole world was awake would anybody be buying IPODS no because we would know it has nothing to do with our survival. That's why I tell people becareful what you wish for when they say only if everyone on earth was awake.

[RT Wolf]

You misunderstood me. Try again.

[Geovani]

Originally Posted by Fullcrum

Who would pick up our garbage?

Here in my country there are a lot of places where there isn't anyone to pick people's garbage (urban areas, not only rural), and they do just fine. It's not the end of the world. Okay, some of these places are very disorganized and dirty, with people throwing their trash in any empty space they can find, but many are pretty good, especially the ones where the community is more conscious of everything.

Also, it's not impossible for many people to really love taking care of other people's garbage, recycle it, take it to a landfill, clean other one's houses, etc. and be (kind of) self-employed. I personally know people who do.

[yoopersmith]

Originally Posted by SuavePlaya

I don't get how career is low level. There are people out there that love their job and the people they work with. I know people that are happy to wake up in the morning to go to work just as much as steve loves to write these blogs. RT Wolf don't degrade people because their passion doesn't match yours or Steve's. Moonrambler, I do agree with you if steve does preach having a job is a big no no. What you need to survive is only food,water, and shelter. If everyone was awake we would only be purchasing food,water, and shelter to survive. Do you think our economy would be strong if people were to only purchase these things? Most people are asleep they think they NEED things they really don't like an IPOD. When people buy things they don't need to survive like an IPOD it really pumps up the economy. If the whole world was awake would anybody be buying IPODS no because we would know it has nothing to do with our survival. That's why I tell people becareful what you wish for when they say only if everyone on earth was awake.

I love my IPOD!!!

I get where you are coming from and I see what you are saying. I have a couple of points.

1. We don't even need food, water, and shelter...only our bodies need that...we (our timeless bits of nothing) don't even need a planet or a universe...

2. Turns outs...we came to earth...a world of form...with Stuff. The problem isn't stuff per se...it is our thinking that the stuff IS part of US...somehow the ego likes to identify with stuff (among other things)....if you can get over that then there is nothing wrong with IPODS...enjoy it while it lasts...like the earth.

3. Consumerism is CRAZY!!! meh...everyone's crazy...it's just a matter of degree.

[moonrambler]

Originally Posted by SuavePlaya

I don't get how career is low level. There are people out there that love their job and the people they work with. I know people that are happy to wake up in the morning to go to work just as much as steve loves to write these blogs. RT Wolf don't degrade people because their passion doesn't match yours or Steve's. Moonrambler, I do agree with you if steve does preach having a job is a big no no. What you need to survive is only food,water, and shelter. If everyone was awake we would only be purchasing food,water, and shelter to survive. Do you think our economy would be strong if people were to only purchase these things? Most people are asleep they think they NEED things they really don't like an IPOD. When people buy things they don't need to survive like an IPOD it really pumps up the economy. If the whole world was awake would anybody be buying IPODS no because we would know it has nothing to do with our survival. That's why I tell people becareful what you wish for when they say only if everyone on earth was awake.

I don't think if everyone was awake that all they would want were the most essential things to survive.

And, I do get disturbed by Steve's continuous grouping of everyone into one single type of person, the person who shouldn't have a job, and that all jobs are soul-sucking negative experiences. It's a serious flaw and it doesn't seem to ever get addressed. What about the people who love their jobs? What about the people who are doing exactly what they were put on this planet to do?

[jawillie]

Originally Posted by InterfaceLeader

I was thinking about this article today, and I think there's a flip-side to it.

We all have to support individuals and small business, those that are providing value. If we get the cheaper, but crappier car, we are actually making it harder for those who do make good cars. If we buy the plastic packed 'turkey-ham' sandwich from the chain supermarket, we're making it harder for the local farmers market to thrive.

I believe Paul is right, and there are people who can get passionate and excited about any job, including picking up garbage and handling sewage, but they have to be supported and most people are to used to supporting the 'easiest option' which is letting large multinational corporations take care of it. And those corporations employ thousands of faceless desperate employees.

Working a production line is not satisfying; creating something from the ground up is. Cooking is wonderful, and many people love it, working in a sausage factory is soul-destroying. By passing your money (which is a 'vote' for the value of the product/service you are buying) to corporations, you are justifying these faceless workers, the huge garbage heaps, the massive impersonal corporate system.

By passing your money to small business, local traders, independent freelancers and people who are truly passionate about what they do, you 'vote' for the things that we say we value.

Or - it's not enough just to go independent and self-employed yourself. You have to help others to escape the job-prison too.

This thread was full of such wonderful insight!

I love InterfaceLeader's point and I really think that message needs to be driven home in people's minds!

Support those services you use witha giving heart! Don't let the resource of money always "stop" at you... let it flow through you.

Being cheap is not helpful to anyone, especially yourself because what you give you get back tenfold. Who wants a life of cheapness??

[Geovani]

Originally Posted by moonrambler

And, I do get disturbed by Steve's continuous grouping of everyone into one single type of person, the person who shouldn't have a job, and that all jobs are soul-sucking negative experiences. It's a serious flaw and it doesn't seem to ever get addressed.

Since Steve never had any positive experience with a job, why would he write anything positive about it? Imagine that: "See, I really hate jobs and I think you should never get one, but I heard there's a lot of people who enjoy them, so you can get one if you like. I disagree, but do what you want." What? Now that's just a weak, useless statement.

What about the people who love their jobs? What about the people who are doing exactly what they were put on this planet to do?

Those people would (should?) simply dismiss Steve's opinion about it after giving some consideration, just as he (or me, or anyone else who agrees with him) dismisses the positive opinions about having a job. It's not like people who love their jobs as employees don't already have enough support...

[Lupe]

You can’t get sucked into every money-making scheme that crosses your plate. Getting sucked into a job, where you have to trade hours for dollars, is just as bad. These are dead ends you should avoid by any means.

You have to stay focused on creating and delivering value. Everything that detracts from this focus should be viewed as an expense, obstacle, or just plain evil.

This is so important, but most people just don’t get how important it is.

Getting a job is such a bad idea if you want to enjoy long-term financial abundance. The odds of success on that path are so low, it’s not even worth considering.

Seriously, you are better off being broke and homeless, so you can focus on creating and delivering value from that place. You’re much worse off if you have to waste day after day showing up to work for someone else. That won’t move you closer to financial abundance. It will only distract you further.

If I had to choose between being homeless and getting a full-time job, I’d go the homeless route. Having a job would be 10x worse. As a homeless person, I could stay hungry and focused on creating and delivering value. I might not have the means to produce much value at first, but at least I could get out there in front of people and deliver something. It would be a good start on the right path.

A job is just a monstrous distraction. In many ways it’s a modernized form of slavery.

Homelessness is a huge upgrade from traditional employment. Have you ever talked to a homeless person? Some of them find the idea of having a job insulting — it represents a loss of freedom. Sure you smell better and can get a nicer place to live, but you lose your humanity in the process. Perhaps such people realize something you don’t.

Employment is the ultimate form of destitution.

Fortunately, employment is an easy problem to fix. If you have a job, just stop showing up. The rest will take care of itself. Pretty soon you’ll feel some motivation and drive to start creating and delivering value, especially if you happen to like eating.

Genuine opportunities are based on creating and/or delivering value. If you see something that looks like a new opportunity, and it doesn’t require you to create value, and it doesn’t require you to deliver value, then it isn’t an opportunity. It’s a total waste of your time.

The above was awesome, thrilling, fiery lines with an atom bomb potential.

Warren Buffet said he wouldn't get a job that he wouldn't like to keep. The argument is that life is too short to waste your time doing something that you don't like. Steve Jobs said something similar in his Stanford commencement speech. Text of Steve Jobs' Commencement address (2005)

So would it be better for a college student to drop out, become homeless, sleep in bathrooms, use the library internet to create value...?

Or copy Steve Jobs?

And 17 years later I did go to college. But I naively chose a college that was almost as expensive as Stanford, and all of my working-class parents' savings were being spent on my college tuition. After six months, I couldn't see the value in it. I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. And here I was spending all of the money my parents had saved their entire life. So I decided to drop out and trust that it would all work out OK. It was pretty scary at the time, but looking back it was one of the best decisions I ever made. The minute I dropped out I could stop taking the required classes that didn't interest me, and begin dropping in on the ones that looked interesting.

It wasn't all romantic. I didn't have a dorm room, so I slept on the floor in friends' rooms, I returned coke bottles for the 5¢ deposits to buy food with...

He eventually returned to his parents' house and then hit it big with Apple.

[Lupe]

If there was a club of rich entrepreneurs who have succeeded in creating and delivering value by using their interests and skills/talents, they could give "scholarship" as it were, to aspiring entrepreneurs who wants to work on their vision full time instead of being trapped in school or work just to pay the bills.

So that they don't have to necessarily have to become homeless; because the worries about the essentials of life can become a distraction for working at your idea.

[impaul99]

Originally Posted by Lupe

If there was a club of rich entrepreneurs who have succeeded in creating and delivering value by using their interests and skills/talents, they could give "scholarship" as it were, to aspiring entrepreneurs who wants to work on their vision full time instead of being trapped in school or work just to pay the bills.

There are things like this although the ones I've seen are not free/scholarship based. For example, the guys at Nitro Marketing are successful Internet Entrepreneurs and they've got a mentorship program you can take put on by them as well as Joe Vitale. I took the program back in 2007 and it really helped me out a lot.

I think when a person is truly ready for things like this, there are tonnes of them around. It's kind of like that saying that when the student is ready, the teacher will appear.

[yeikow]

Golden, Steve.

And aha moment you allowed me experience.

This is likely to save me two planned years on the wrong strategy.

1M thanks.

[JeromeX]

Originally Posted by impaul99

I think when a person is truly ready for things like this, there are tonnes of them around. It's kind of like that saying that when the student is ready, the teacher will appear.

One of world's best coach for entrepreneurs is Michael Gerber. I have read a few his books such as E-Myth. (E stands for Entrepreneurs). They are very practical books for small businesses. You can visit his site to see what he has to say about running a business.

E-Myth Worldwide