Finance, Real Estate, and health. Not exactly “health, wealth, romance”, but these three fields make a great trifecta, as far as I’m concerned. I would argue that if you’re analyzing and describing the whole world, rather than the United States, my phrasing works better. If you want to start a business, you should focus on either Finance, Real Estate, or Healthcare. Everything else is complicated, and like throwing spaghetti at the wall. If you focus on Finance, Real Estate, or Healthcare, you’re always where the money is. Things will feel easy and there’s a greater chance of you earning lots of money than if you try to come up with a random idea.
People need help making and managing money
This is really the core of life. Especially for those living in poor countries. Lots of people want to make and manage money, and they need help doing so. Money is very complicated, simply as a result of how it’s stored and moved across the world. There’s a lot of regulation in this industry, and the rules are different in every jurisdiction. This provides the opportunity for you to get wealthy by gaining expertise. If you can gain the right knowledge, in the right amount, you will likely be wealthier than average. The best way to get into Finance is with a degree. If you want to get into finance, educate yourself cheaply. Get a degree in business or a quantitative disciple, in and get to work. Do your best to learn about AI and automation tools so you don’t get cut or left behind. The financial sector is the largest sector of the economy. This is the first place you should be looking in order to make money if you have no ideas.
Everyone needs a home, and homes are expensive
The high price point of homes renders it such that the government can’t help but butt in. This makes real estate complicated as a field. Homes are expensive as hell too, relative to other goods. This means there is a lot of money floating around. The easiest way to get into real estate is in person and on the ground as a realtor, developer, or house-flipper. Online, you’ll have to be creative. But if you can become a reliable source of help for people’s real estate issues, you’re going to be in a fantastic position to get rich.
Everyone needs to stay healthy, if not they suffer and die
This means that no matter what your qualifications, people will pay through the nose for your healthcare solutions if you can provide them. Healthcare is weird. It’s well-regulated at the institutional level. But there are ways to wiggle your way in as someone with vocational or no knowledge. You need to be ethical in this business. No amount of money is worth ruining other people’s lives. But if you can figure out a way to make people healthier, you will deservedly get rich. People in wealthy countries tend to spend about 10% of their money on healthcare. Poor countries are fast becoming the same. There is definitely demand for healthcare related innovations.
Most people can’t afford to consume as much as they want to
Not yet, at least. In countries where people have the potential to get wealthy, prices and competition are high. In poorer countries, there simply isn’t any money. The consumption economy definitely exists. You can make a lot of money helping people in the right way. But generally speaking, people don’t have the money to buy lots of goods, and if your product isn’t great, you’re going to suffer. If you want to sell to consumers, do something based around the necessities, such as restaurants or event services. Generally speaking, it’s better to let smart, more driven people manage this area of the economy.
Romance matters less than gurus would have you think
Most of the world has pockets of nice places and all the conveniences that are basic to “the west”. But people still need each other in these places. There also is less potential financial gain from romance. The guy has to be pretty well off for it to be worth a woman’s time to chase in today’s world. Additionally, we’re still at the point where having kids lowers women’s standard of living in many ways. Women who are making money tend to only need romantic advice when it’s too late. Romance is a booming market, but it’s not as valuable as health, finance, and real estate. The same applies to the beauty industry to a certain extent. I would stick to the basics unless I was a genius marketer.
Focus on one business type
If you stick to one business type and figure out how to connect it to one of the fields discussed in this article, you’re transforming yourself into what I like to call a “money catcher”. This is a kind of person who is a pillar of their local economy, or the digital economy. A money catcher isn’t idle or useless, they just run a very professional business. In order to build a very professional business, you have to build them brick by brick, one at a time.
Build each business to completion
Don’t try and build multiple businesses. Real wealth is built through consolidation and masterful expertise. If you can build a large, generalized business, you’ll have an easier time scaling. You’ll have an easier time pivoting, and you’ll have and easier time learning the skills necessary to succeed. When you build businesses one at a time, you become more skilled, and building wealth feels easier. Focusing on one business at a time is an easy way to guarantee your thinking is as clear as possible. You need clear thinking to have a chance at success.
Figure out where you fit in, don’t try to do everything
As of now, this blog isn’t associated with either TikTok or YouTube. This because I’m not an expert in using these software programs. I’m not a big fan of video content, and I don’t make any. Instead, I write about health, wealth, and romance. I do this to the best of my ability. I don’t try to sell stuff, make videos, or program software. I run a blog that improves lives.
Grow your business to fullest extent
It’s much easier to run a large business than it is to run a small business. Small businesses require a lot of day-to-day work, because they have little value and don’t generate much extra cash. You might think it somehow makes sense to have less money or try and create work-life balance on the front end, but I promise you it isn’t worth it. You want to know that your business has a shot at making you well-off for a long time. You also want to be able to sell your business. In order to do either of these things, you have to develop a skill.
Don’t follow your passion, the world is full of suffering
I’m not one of those losers who believes that life is suffering. As far as I’m concerned, a statement like that makes no sense. Life is incredibly beautiful, and we should expect to thrive rather than suffer. That being said, sometimes there is a bunch of suffering out there. Life is really, really difficult for a lot of people. If you can join these industries in some way, you can make a lot of money (aleviate your own suffering) while help people across the globe feel better. Don’t follow your passion, unless you’re weak, or one of the lucky few who has a bunch of interests.
AI will streamline these industries
This will reduce costs for everyone. On one hand, it means that you need to provide value. On the hand, you won’t have the same opportunity cost to failure, because life will get easy. AI is great and will help you do your job efficiently. Just do your job in the short term and try to stay on the cutting edge. If you’re smart, you’ll find a way to make AI work for you.
Don’t forgo an education
There’s a lot to be gained by having a degree. If you know that you can study and have a piece of paper that improves your chances of working in this industry, you should, even though it might look like the world has changed. Your degree can open a lot of doors for you. If you skip out on it and don’t have any ideas, you might find yourself in a world of hurt. Make sure your degree is in something practical, and that it actually stands a chance at creating opportunities for you.
Finance, real estate, and health care are the three main industries of the future. These things play a role in everyone’s lives, and as long as there are new people, there will be an increased need for management of these aspects of life. These industries aren’t sexy. They’re boring. They involve tedious work that many people don’t want to do. This is precisely why you should be involved. Don’t chase shiny objects. Don’t try to take unnecessary gambles. Do what’s most likely to give you a life of freedom and fulfillment. In today’s world, that involves helping people solve problems. This is not always fun, cool, or glamours, but it pays well and leads to productive careers. Make sure you add value to the world if you want to live a great life.
Thanks for paying attention.
