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Most of the time, the person you have to become to make money is a high-anxiety, high-stress, hard-working, competitive person. When you have done that for twenty, thirty, forty, fifty years, and you suddenly make money, you can’t turn it off. You’ve trained yourself to be a high-anxiety person. Then, you have to learn how to be happy.
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If you really want to make money, never make a decision based on money. 'Cause if you make-- if you chase money, you're gonna get less of it. If you chase a thing that you love -- that's interesting -- only because you love that thing, you'll make more money. I-- I just believe that's-- in the arts, that's the only way to make money, is to never consider money as a part of your decision.
There are two ways of making money. The first is what most of us do: work. That means tapping into our knowledge and know-how (our “human capital” in economic terms) to create something new, whether that’s a takeout app, a wedding cake, a stylish updo, or a perfectly poured pint. To work is to create. Ergo, to work is to create new wealth.<p>But there is also a second way to make money. That’s the rentier way: by leveraging control over something that already exists, such as land, knowledge, or money, to increase your wealth. You produce nothing, yet profit nonetheless. By definition, the rentier makes his living at others’ expense, using his power to claim economic benefit.
Capitalism is hard. But part of the reason this happens is because getting money and keeping money are two different skills. Getting money requires taking risks, being optimistic, and putting yourself out there. But keeping money requires the opposite of taking risk. It requires humility, and fear that what you’ve made can be taken away from you just as fast. It requires frugality and an acceptance that at least some of what you’ve made is attributable to luck, so past success can’t be relied upon to repeat indefinitely.
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if you work hard on your job, you make a living. If you work hard on yourself, you can make a fortune. What is the reason for this truth? Success is not something you pursue. Success is something that you attract by becoming an attractive person. The way that you become rich is not by wishing your life were easier, but instead by focusing on making yourself better.
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