The rules for making money in modern society are actually very simple; with a clear path and principles, you will find that money comes like the wind—
This sentence may seem like clickbait, but it is not untrue:
1️⃣ Fundamental Logic:
You must understand this: the ability to make money is not about who is more versatile, but about who can be a more focused specialist!
1)Focus on one thing: Concentrate on what you are good at and excel at it!
2)Leverage: Use leverage (such as technology, capital, connections, etc.) to amplify your abilities or the impact of your products.
When pondering this issue, I just saw Old Xue sharing an article from Uncle Cai's public account "Please Debate" that states:
Making money is about doing one thing well, doing it extremely well, and then finding ways to amplify its power—this is a very straightforward mindset for making money, but many people do not do this, nor do they believe it.
Naval has also discussed this topic: "The creation of wealth in modern society comes from providing value that others need, so it is relatively simple. You can specialize in a certain skill or knowledge and then use some form of leverage (code, media, capital) to expand the value of that specialization; it was almost impossible in the past, but now, as long as you are unique enough, you can be a media outlet or a capital venture."
2️⃣ Focus and Excellence Plus Leverage:
So making money is very simple; it is about executing along the simplest logic. The more factors you add that you need to handle yourself, the further you move away from success and the harder it becomes to replicate.
Simply put, you need to create value through focus and excellence, and then make money by amplifying that value through some form of leverage.
From a methodological perspective, for example, if focusing on self-media writing and video production is your niche, then emerging industries (like AI or Crypto) or certain people who are genuinely willing to mentor you are your leverage. Emerging industries offer you opportunities and potential returns that are hundreds of times greater than traditional industries for the same effort, and also, having someone willing to guide you can save you ten years of detours, which is very important!
So I say, as long as you enhance your unique skills and leverage them well, it will be easy to carve out a path; making money is a very natural thing!