Analyzing how things work in terms of economy and people's wealth, we see how great ideas are important for success.
But sometimes a great idea is not enough, and sometimes it is not even necessary to have a good idea (or a brilliant idea) in order to achieve economic success; because all it takes is identifying a need, one thing you can fill what people need or want it and supply it.
When we do something like this, money will come to us by the hand full, and it won't matter if we are the only one who can meet that need or not; because by force most of us are comfortable, and we like what is known, what is easy, what is fast (talking in terms of little effort); and if someone provides us with a good or service that meets such characteristics, then we are willing to pay for it and give preference to it over others that are similar.
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What I have mentioned so far may be confusing, but it is actually very simple; between two specific brands of the same good or service (Let's call them Brand "A" and Brand "B"); the consumer will always prefer the brand that is more renowned, that is better known and that has been on the market for a longer time; even if the good or service you offer is slightly lower quality than your competitor's. Yes, I know, it seems incredible, but that's how the world and markets work.
So many times it is not necessary to excel at something, or be the best at what we do to achieve economic success. Perhaps a factor highly underestimated by all most of the time also comes into play: Luck.
In any case, luck is an underestimated factor because being random, we cannot count on it; so we can never rely on luck, but on what we can see, touch and verify.
Making money today is not difficult, the difficult part is knowing what to do with it
Because if we win 10 million dollars in the lottery, would we know what to do with that amount of money? And no, I'm not talking about what we would spend such an amount of money on... Because luxuries, comforts and things to spend them on there will millions of things; The question I ask is... Would we know exactly what to do with such an amount of money in terms of investment? That is, in terms of putting the money to production, would we know what we would do in such a case?
Most likely the answer to this question is negative... Relatively few people in the world would know what to do in such a case... And it should not surprise us, after all, 90% of the world's population lives in poverty; which allows us to realize that poverty is not a phenomenon that cannot be explained. It depends a lot on preparation, it depends a lot on opportunity, education, awareness, etc.
This is not about the old discourse of the rich being rich because they have taken money and opportunities from the poor, because that is the discourse of the socialists and communists, it is rather about the fact that the majority of the poor are poor because of themselves.
It sounds harsh, but it is an undeniable reality, because as the well-known saying goes "If you are born poor, it is not your fault, but if you die poor, that is your fault". But most poor people prefer to blame others for their poverty, because it is easier and more comfortable to blame someone else for one's own failures.
And it is as simple as saying that if you do not know what you would do to produce more money in the case of having millions of dollars available in your bank account, then there is the problem, and the reason why you are currently poor.
And that's when I say that everyone wants money, but few understand what is required for it.
What do you think about the topic discussed? Please comment.
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