Hello, friends welcome to our Earn Money App.

Earning Money And Making Money Are Different

When adults and teens learn that there is a big difference between “earning” money and “making” money, they get excited because they’ve just learned there is an alternative to having a job for the rest of their lives.

The concept of making money often gets a bad rap because people sometimes associate making money with get-rich-quick or pyramid schemes. Making money, however, means something entirely different.

Let’s contrast making money with earning money to learn the difference and see why understanding that difference is so important when it comes to becoming financially free.

What it means to earn money

You earn money when you trade your time and energy for money. In other words, you work for an hour, you get paid for an hour. It doesn’t matter whether you’re being paid by the hour or you receive a monthly salary – you’re still paid by someone else in exchange for your time and energy.

It’s important to remember that when you’re earning money, you are usually dependent upon some other entity – be it an individual, business, non-profit organization, or government div – for the money that supports your lifestyle. Also remember that generally speaking, your time and energy are finite resources. There are only 24 hours in a day and you only have so much physical and mental energy to go around.

An additional distinction is that when you earn money, you only get paid once for every hour you work. Remember this as we explore the idea of making money next. This is where it starts to get interesting (and a whole lot more fun).