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spend money to overcome these obstacles.</p><ul><li>We want to lose weight but do not know exactly how. So we buy a book that tells us the solution.</li><li>We want to get from A to B faster, so we buy a car.</li><li>We want to build muscles, so we buy a training plan.</li></ul><p id="70ce">Now that we know this, we just need to figure out how to provide value to people that will help them overcome their obstacles on the way to the desired state, so that they are willing to pay us for it.</p><p id="721b">I’ll venture a guess: your problems are not unique. Many other people have the same problems. This is where the killer business advice from the headline comes into play.</p><p id="bec9" type="7">The success formula: solve your own problems and freely share the solutions. — Naval</p><figure id="8591"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*M7Mlhyy-txWl0cfo"><figcaption>Photo by <a href="https://unsplash.com/@nullplus?utm_source=medium&utm_medium=referral">Razvan Chisu</a> on <a href="https://unsplash.com?utm_source=medium&utm_medium=referral">Unsplash</a></figcaption></figure><p id="a23e">When I personally think about what my biggest problems and desires of the last few years were, they are the following things. For some things, I have found solutions, for others not quite yet.</p><ul><li>Making money, reaching financial freedom</li><li>Improving my social skills</li><li>Improving my mental health</li><li>Building muscle</li><li>Procrastination</li></ul><p id="df82">I’m sure you’ll find some things as well that you can use to follow Naval’s advice, which in my opinion is simple but nevertheless genius.</p><h1 id="5329">Summary:</h1><p id="7928">Since money is a store of value, we must offer value in exchange for money. The best way to do that is to offer people solutions to their problems and help them get where they want to go. Thus, your own problems could be very good business opportunities, as probably many people have similar problems.</p><p id="f5ef">Thanks for reading!</p><p id="de41"><b>Wait a second.</b> Y<i>ou should get my articles in your inbox. <a href="https://medium.com/subscrib

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e/@whitep"><b>Subscribe here.</b> </a>Maybe you also want to start writing on Medium yourself and make money. I made $2300 in my second month! You only need a membership for$ 5 a month. If you sign up<a href="https://medium.com/@whitep/membership"> <b>with my link</b></a>, you support me with a part of your fee without any additional costs for you.</i></p><p id="f385">I think you will also like these articles:</p><div id="eea8" class="link-block"> <a href="https://readmedium.com/the-only-productivity-advice-you-need-290cffeecc0f"> <div> <div> <h2>The Only Productivity Advice You Need</h2> <div><h3>How to actually get more done</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*wzy-T_FO-9MBwY7U)"></div> </div> </div> </a> </div><div id="dd85" class="link-block"> <a href="https://readmedium.com/the-sexiest-man-according-to-science-5b057a8a80"> <div> <div> <h2>The Sexiest Man According To Science</h2> <div><h3>These are the characteristics that drive women crazy.</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*TithXtSp8Hh7af2Z)"></div> </div> </div> </a> </div><div id="b048" class="link-block"> <a href="https://readmedium.com/the-richest-1-by-age-group-3e32d8622e92"> <div> <div> <h2>The Richest 1% by Age Group</h2> <div><h3>What it takes to be in the top 1%</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*H5kAZVpuuT0TE0qu)"></div> </div> </div> </a> </div></article></body>

This Killer Business Advice Can Make You Rich

How to really make money

As an entrepreneur, the goal is to make money. To understand how we can best make money, we must first understand exactly what money is.

What is Money?

Money fulfills three main functions:

Money is a unit of account.
Money is a medium of exchange.
Money is a store of value.

As someone who wants to find out how to do it best, the last-mentioned function is especially crucial.

A value exchange

How do you get someone to give you a store of value?

We can threaten them with a gun and force them to give us their money. However, in my opinion, this is not necessarily the best business model.

Instead, we have to get them to give us their money voluntarily. How do we do that? Logically, by offering them value that is worth the money in their opinion. So in order to earn money, we have to offer other people added value.

This is exactly why people spend hundreds, sometimes thousands of dollars on business coaching. They expect the value they get to be worth their money and earn them more in the future.

How do you provide value?

We all have problems or obstacles in our lives that prevent us from getting to where we want to be. Almost always we spend money to overcome these obstacles.

We want to lose weight but do not know exactly how. So we buy a book that tells us the solution.
We want to get from A to B faster, so we buy a car.
We want to build muscles, so we buy a training plan.

Now that we know this, we just need to figure out how to provide value to people that will help them overcome their obstacles on the way to the desired state, so that they are willing to pay us for it.

I’ll venture a guess: your problems are not unique. Many other people have the same problems. This is where the killer business advice from the headline comes into play.

The success formula: solve your own problems and freely share the solutions. — Naval

When I personally think about what my biggest problems and desires of the last few years were, they are the following things. For some things, I have found solutions, for others not quite yet.

Making money, reaching financial freedom
Improving my social skills
Improving my mental health
Building muscle
Procrastination

I’m sure you’ll find some things as well that you can use to follow Naval’s advice, which in my opinion is simple but nevertheless genius.

Summary:

Since money is a store of value, we must offer value in exchange for money. The best way to do that is to offer people solutions to their problems and help them get where they want to go. Thus, your own problems could be very good business opportunities, as probably many people have similar problems.

Thanks for reading!

Wait a second. You should get my articles in your inbox. Subscribe here. Maybe you also want to start writing on Medium yourself and make money. I made $2300 in my second month! You only need a membership for $5 a month. If you sign up with my link, you support me with a part of your fee without any additional costs for you.