Showing posts with label wealth. Show all posts
Showing posts with label wealth. Show all posts

Saturday, August 21, 2021

Snake Oil: Filthy Rich Writer

Right off the bat, I have to say I am not a fan of the expression 'filthy rich' because it suggests that riches are dirty. That being rich is a bad thing. Wealth is a tool, and tools can be used for good or bad purposes. Generally speaking, I think wealth is good and I suspect it would be a losing and futile search for me to find anyone to disagree.

My post today is inspired by an ad which appeared in my Facebook Newsfeed. (I'm aware of the contradiction. A slightly oxymoronic use of ad and news together.) The headline of the ad is 'Filthy Rich Writer' and it's an invitation for people with spare time on their hands, stuck at home due to COVID lockdowns or some other reason, to write content for websites and make a lot of money.


Snake Oil.

If you've written anything, then you know why this ad is obviously false. It's especially false for ghostwriters, who can make money, but rarely heaps of it.

Since losing my job as Lead Teacher with a not for profit Registered Training Organization, I have been concentrating on establishing a new career as a freelance writer. With six novels, and scores of published short stories under my belt, I'm not a novice writer, but as a freelancer, I'm starting from scratch. Freelancers mostly ghostwrite articles, stories and books for their clients. Most of these clients seem to be 'middle men' who sell content written by others to their own clients. Pay rates range from around half a cent per word up to 2 cents per word. So, a 1000 word article at half a cent per word pays $5. Do you know how long it takes to write a 1000 word article on a subject with which you are unfamiliar? Even at two cents per word, you're talking about an hourly pay rate of about $15. Filthy rich? (writer chokes on a mouthful of tea).

For my next post, I'm gong to write about the two platforms that I currently use to find freelance work. Upwork and Freelancer. My experience with these two has been mixed. I'm getting work, but I'm missing out on a lot of jobs as well. Why? I have no idea, but I suspect it comes down to money. Doesn't everything, come down to money in the end.

Platforms like Freelancer, Upwork and Fiverr are not charities. They are businesses. The primary aim of most businesses is to make money, not to help people. Not to make other people rich, but to make themselves rich.

No one who bought and read the book Three Easy Steps to Unimaginable Wealth got rich. You know who got rich? The author of the book did, because he preyed on people's laziness and greed, making ridiculous promises about how easy it is to get rich, in order to make money for himself.


Wise writers, who've been around for a while, know that 90% of services offered to writers to help them write and sell books, are, in fact, only designed to make money for those providing the services. That guy on Fiverr, who's a book marketing genius, makes extravagant promises about how many people will find out about your book. You pay your $20, which covers hidden costs only added in after you're committed, and get nothing but a screenshot of an anonymous Twitter account which mentions the title of your book but doesn't have a purchase link.

Less than one percent of writers get rich, and they don't even have to be good writers to do it. Lots of good writers do earn a reasonable living though, and I aim to be one of them. I love writing, and am enjoying the challenge of a being a freelancer which offers many opportunities to write in genres apart from those with which I am comfortable. It's stretching me, improving my skills, but I'm not going to get rich.

Honestly, a think the ambition to get rich is unworthy of humanity. If riches come, thank God. If they don't, thank God. It's not my goal to get rich. Of course I want to earn a good living and consequently have a degree of financial freedom, but wealth is not the goal. My goal is to connect with people and to make a positive contribution to the world. 

I reckon if you make love your goal, you will always be richly rewarded.


Wednesday, May 23, 2018

Snake Oil: make your own rules

Image result for powerball australiaDespite the astronomically small chance of winning the major prize, a massive number of people continue to religiously invest in the dream of future wealth by buying lottery tickets. I think I bought a few a long time ago, but these days my 'gambling' is restricted to an NRL footy tipping competition which doubles as a fundraiser for the Multiple Sclerosis Society.

Naturally, advertising for the various versions of the pick the lucky numbers game doesn't mention how heavily the odds are stacked against you. It's all about the dream. How your life will change dramatically for the better when you win.

The latest television ad for Powerball is the least appealing one I've ever seen. (I apologize for using the most abused adverb in the English language: 'ever'. I hate what they've done to you poor 'ever'.)


The scene in the ad is a party in a lavish mansion, attended by all manner of unusual and interesting types of people. A song is playing. The repeating line is there's a beast inside you. A guy shows up at the end to deliver the tag, the catchphrase. Powerball: play by your own rules.

So when I am rich, I can make up my own rules? Hmmm...aren't the rich already doing that to some extent? Haven't they always done that? Won't they always do that? Do you want to join them? I want in. I want to be a member of the wealthy and powerful elite for whom money is the answer to every problem. It's probably enough that you can go to fancy parties, isn't it? That's all I need. I need money, and a truckload of it, so I can live the lifestyle of the rich and famous, and make my own rules...and go to parties.

Let's all make up our own rules, and hope the values we hold which will necessarily underpin those rules, align at least to some degree with the rules of others. I'm sure they will. She'll be right mate.Let's do away with such anachronisms as rule of law. We live in a post modern age so absolutes are for fools. You decide what's true and what's right, and use your millions to make sure any dissent is extinguished.

Play by your own rules? Sounds awesome. I'm off to use all of my disposable income to buy Powerball tickets. Stuff it. I'll go without food this week so I can buy more tickets and increase my chances of winning. It's only a few days until I get paid again, and I desperately want to play by my own rules. Who's with me? 


Friday, August 13, 2010

Unsustainable Arguments

Of apparent interest to some in the current Federal election campaign is the issue of sustainable population. Having dumped Kevin Rudd's Big Australia policy, the government has refocused the debate on sustainable growth, and the most pertinent aspect of this is immigration. Inevitably, because they are relevant, the twin issues of over population and alleged food shortages come to the fore. We may be all right in Australia but we are part of the global community, and therefore cannot make decisions as though we were alone on this planet.

According to the FAO, (Food and Agriculture Organisation), there is more than enough food in the world to feed everyone—at least 1.5 times current demand. In fact, over the last 20 years, food production has risen steadily at over 2.0% a year, while the rate of population growth has dropped to 1.14% a year. Population is not outstripping food supply. “

To avoid picking on individuals, I suggest Fred Smith who is a multi-billionaire. Let's say Fred lives in the United States and has a net personal worth of roughly 50 billion dollars. (Forbes magazine has 1100 names on its current list of world billionaires, by the way.)Fred deposits just 10% of his wealth into a bank account where he will earn a 5% per annum return. Excluding the compound interest factor which I can't calculate, this will generate $250 million per year. Money for nothing. It sits in the bank and earns interest. It costs $572 per year to sponsor a child through World Vision. World Vision doesn't throw cash at problems, they invest in sustainable futures for poor communities. With the interest earned on Fred's investment he could sponsor 437 062 children.I'm sure you can see where this argument is leading despite my lack of mathematical prowess.

The world is suffering a food shortage, because of the cost of food. It is a problem of distribution. I repeat what the FAO said above, 'Population is not outstripping food supply.' Two billion people live on an income of less than $2 per day and they spend around 70% - 80% of that income on food. When the price of food goes up in wealthy nations like Australia, we simply eat out less or switch to cheaper alternatives. (Generic bread instead of Helgas, for example). When the price of food goes up in the two thirds world, they don't eat. We’re seeing more people hungry and at greater numbers than before,” says World Hunger Program’s executive director Josette Sheeran, “There is food on the shelves but people are priced out of the market.”There are many reasons for rises in food prices but one of the most immoral is speculation in food community prices on the short term money markets.

The world is not overpopulated nor is it short of food resources. The problem is distribution. The higher the population density the greater the demand placed on resources. Is the answer to stop having babies and ban migration to ensure allegedly sustainable population numbers? Or should we just be smarter and more just with how we use the resources we have? Does the maintenance of high living standards for the few of us who live in affluent nations have to damn the rest of the word to the ongoing hell of extreme poverty? No, it doesn't. So what are you going to do about it?