We don’t have to earn our money. We don’t have to save it.
We dont get to keep it.
This is so true. A few years ago, I had a very simple idea for a website called, “What’s your real gross income,” which I wrote on a napkin. I was very proud of myself for having a business idea that had a lot of potential, but when I looked at my bank statements from that year, I realized I didn’t actually have anywhere near enough money coming in to make this a business.
When I first started that website, I had about 3,000 a month coming in. By the time I found out I was going to be working full time, I had 2,000 a month coming in (at $7000 a month). But this is not the only thing I can say about accumulated other comprehensive income. When you do the math, its hard to know how much you actually have.
As anyone working in the publishing industry can tell you, your publishing income is not always predictable. When you first start out, you will have a low amount coming in. Then, it will grow and grow until you are at a point where it is predictable. But when you start out with a large amount coming in, you will have a large amount coming out. But when you start out with a small amount coming in, you will have a small amount coming out.
This is why publishers love to ask, “How much?” and to get a “reasonable” number. The more you know the better, but the truth is, the best number to ask for is “how much do you get per month”.
The reason is because the more you know and can predict, the easier it is to get more money out of it. As an example, a publisher might ask you how much you get per month from the sale of a book. If you know how the book is selling, you can estimate this amount pretty accurately. So an even more important question to ask before you open your mouth is, How much is that book selling for? If you know, you can make a pretty good guess.
Even though it costs money to make, it’s still possible to make money by selling other people’s work. This is because publishers have a lot of money to burn, and most of it is used to pay the artists. When those artists get the money they need from the sales, they don’t have as much money for expenses such as rent and food, so they have to make more money. So it’s possible to have a profitable business by selling other people’s work.
You can also make a profit by selling books. Most books are cheap, and publishers dont want to buy expensive books (like books by famous authors) because then you have to spend lots of money to promote it. So selling other peoples books is a way to make money in this case, although that usually comes at the expense of the person who wrote it.
The other important thing to remember is that you can’t make money in the stock market. The stock market is for people who are not making a living. So if you’re making a living by selling books, then that’s what you’re doing. You can’t make money by selling stock. Stock is much more of a gamble. You just can’t make money by it.
