Secret of wealth creation
Income depends on outcome.
The higher the quantity or quality of your outcome (what you actually produce), the higher your income.
Yet, it is not easy to increase your outcome.
Indeed, creating new or more value depends on your brain's capacity.
And brain capacity depends on how much time you spend in DEVELOPING your intellectual skills.
Most people don't seem to take their intellectual skills seriously. People are more offended if you tell them they're ugly, than if you tell them they're stupid.
In short, people care more about how good they LOOK than how good they really ARE.
And that is why India and China will beat us to the punch in the emerging 21st century.
Looking good is easy. I just have to step into a Harry Rosen store, and if I come out wearing a $1,000 suit, it's a sure bet all the young women will be looking at me.
But the new economy is not superficial, it is in fact deeply grounded in fundamentals. You are either very very good, or you are fired.
I guess the success secret here is to realize that
The higher the quantity or quality of your outcome (what you actually produce), the higher your income.
Yet, it is not easy to increase your outcome.
Indeed, creating new or more value depends on your brain's capacity.
And brain capacity depends on how much time you spend in DEVELOPING your intellectual skills.
Most people don't seem to take their intellectual skills seriously. People are more offended if you tell them they're ugly, than if you tell them they're stupid.
In short, people care more about how good they LOOK than how good they really ARE.
And that is why India and China will beat us to the punch in the emerging 21st century.
Looking good is easy. I just have to step into a Harry Rosen store, and if I come out wearing a $1,000 suit, it's a sure bet all the young women will be looking at me.
But the new economy is not superficial, it is in fact deeply grounded in fundamentals. You are either very very good, or you are fired.
I guess the success secret here is to realize that
- Wealth creation depends on your continually increasing your brainpower
- Brainpower increase depends on how much time (measure it in minutes if you will) you spend, every day, to challenge your brain through activities that require intellectual skill and mental sharpness
posted by Super Peter at 10:15 AM
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