How to get Money without doing Anything

In this article we have briefly explained how to get money without doing anything. By reading further you will get a brief idea about how to get money without doing anything. Its really good if we are able to get money without doing anything.

 

Hard work is vastly overrated. At management level in someone else's company, it is the precise opposite of what you need. In starting your own company, it is only part of what you need and the sooner you can eliminate it, the better you will do.

If you study the achievements of great self-made tycoons (huge money makers), several common characteristics emerge:

 Most are traders who love driving bargains and doing deals.

 All are risk-takers.

 All had the wit to spot an opportunity, and the talent to exploit it.

 All can be ruthless when they have to be.

But hard work? Far from being the sole reason for these billionaires' success, it is not even the main reason. For example:

When Henry Ford spotted the automobile's potential as a means of mass transport, did he roll up his sleeves and produce more cars? He did not. He organized production lines where other men did the hard work for him.

When Ray Kroc saw a nationwide market for quick service restaurants like the one run by Richard and Maurice McDonald in California, did he break his back starting his own chain of restaurants? He did not. He franchised the McDonald's brand and let hundreds of small operators make him very rich.

When Warren Buffett parlayed Berkshire Hathaway Inc. into the best-performing investment company on earth, and a Fortune 500 company at that, did he surround himself with analysts and strategic planners and lawyers and support staff, all inventing work to justify their jobs? No - he ran his multi-billion dollar business with just ten other people, minimising his own management time.

When Jean Paul Getty, the oilman who in his day was the richest man on earth, was running his world-wide empire, did he rise at dawn and work through until the wee small hours? No - he stayed in bed until ten and then spent an hour with the newspapers, like any sensible billionaire.

There has to be a lesson here, and the lesson is this: the key to success in business is not knowing when to work hard. That's automatic. It is knowing when, and how, to stop.

There is more to this than just the ability to delegate, as the above examples show. It is the knack of obtaining maximum return from minimum effort, whether as a rising executive, a fledgling entrepreneur or the CEO of an established company. It is knowing which things you must focus on, and which are irrelevant, probably unprofitable, and time-wasting - in short, not worth bothering with.

But before we get down to the detail of how to do this, may I tell you a story?

Two young newspapermen shared a flat in Auckland. New Zealand, in the years after the Second World War. (You might guess, one was me!) One made pathetic attempts to keep the place tidy, the other didn't. His tactic was to go to the local hop, meet a nice, buxom country girl and invite her to the flat for dinner. Much agonising would follow about the disgraceful state of the place. Sure enough, within a week she would be back, sleeves rolled up and wet mop in hand.

When I next encountered that man in London twenty years later, he was already predictably a millionaire. You might call his technique exploitation, and you might well be right. I prefer to call it applied laziness. And applied laziness the knack of getting maximum return from minimum effort - is basically what this book is about. Don't you get some ideas about how to get money without doing anything. Continue reading other blogs to know more.