A few days back I had written a book review of The Money Tree by Chris Guillebeau. Guillebeau has been posting a video a day on his YouTube channel in lieu of a book tour that got cancelled because of the COVID-19 pandemic.
The video I am referring to clarifies some of the concepts in the book about the Third Way that I seem to have misunderstood. More, in the text below or better still watch the video in full, of about 34 minutes.
All the ways that he talks about earning money are things one can do independently. So, a corporate job does not come as one of the ways. The first way is therefore starting one’s own retail business. The second way is founding a startup. He says that in both these ways, one requires capital, has to take risk and there is a long time frame. It is also something that is dependent on other people and hence, is something that is beyond your control.
So, in the Third Way, he suggests:
- Start quickly
- Without spending money
- Using your existing skills/knowledge