Sunday, March 29, 2009

Enjoy and Make Money at the Same Time

The primary strategy for making money consciously is social value, but on it's own, it's still not adequate enough to support this. The problem with social value is that your personal values won't perfectly align with the social consensus. If a janitor has more social value than an astronaut, then more janitors would make millions than astronauts.
Personal value is a lot different than social value. If social value means how you are perceived by other people, personal value is how you perceive yourself. If you value yourself as a musician, then chances are, a career in the music industry will be a money making venture for you. If you value yourself as an educator, then a career in education will be a money making venture for you. You have to know your personal value to make money making more viable. This is a common mistake by some people who jump into blogging on issues they think will make them a lot of money, only to discover they cannot do it any longer. This should be a no-no.

Alternatively, when you do something that satisfies your personal value but doesn't give you social value, and then you get the starving artist syndrome. That means it's not a good money making venture for you. This also means, you do what you want, but you also end up worrying about how to put food on the table. This is a no-no as well.

The answer? Choose both! A symbiotic balance between these will lead to better money making thoughts and ideas. But be warned that as time goes by, these values change. When that happens, then you have to find something that both your personal value, and at the same time give you social value.

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