Powerful secret, read carefully!!
Okay, here's an extremely powerful secret that is completely missed by the overwhelming majority of people. If you look at 50 friends or contacts of yours, you'd be lucky to find ONE person who understands the following powerful wealth-creation secret.
Let me illustrate it by asking you a simple question: If you were able to enter the Central Bank, where the federal government has machines to print money, and you could bring with you whatever you wanted, would you bring 1. the crisp, newly printed money, or 2. the machines that actually print the dollar bills?
Here's a similar, but slightly modified scenario: if you had to choose between taking with you the money-printing machines, OR the blueprint of the money-printing machines (this blueprint would enable you to create another machine), which would you choose?
Lastly, and perhaps you can relate more easily to this metaphor: If you met a fisherman and had the choice between learning from him HOW to fish, or getting a fish every day from him, which option would you choose?
I think you're beginning to see where I'm going with this.
SECRET: Never work for money, but rather, for the knowhow about how to CREATE money.
This "Midas" knowhow is worth infinitely more than the paycheck you're getting. This knowhow allows you to turn ideas and things into MONEY.
However, in a big corporation, functions are divided into separate departments so it's very hard for most people to see the whole picture about how the organization creates value and makes money.
You have more chances of learning the art of business if you work in a small firm.
Why is it important to learn about business? Because otherwise, you will be an economic slave for the rest of your life, and your entire economic/financial future will be at the mercy of your employer.
Sure, you could save money and invest and eventually retire when you're 55 or 60, but that's too long. It's better to learn about business as early as possible, so you can retire as early as possible.
In my case, I'm on my way to retiring before I'm 40. I predict many young people will be able to retire even before that, chiefly because young people today can set up a "micro multinational startup" in a few days, using networks like Linkedin to quickly establish commercial contacts abroad.
This powerful secret -- that one should work NOT for money but in order to learn how to MAKE money -- is simple, yet most people don't get it. Why? Because we tend to think that a paycheck is the appropriate reward for work that we perform.
Therefore, we do as little work as possible and then are happy to get the regular paycheck. This has got to be the most widespread and counterprofitable error of our times!
I have never made that mistake, even in my early 20s when I knew little about life. I've always tried to learn the business secrets of every employer I worked for. Of course, I won't divulge those secrets to anyone because I believe in abiding by the law, and those secrets belong to the employer.
However, by studying HOW employers make money, I was able to devise my own secret money-making techniques which I own and can license to others.
A second incredibly common mistake that most people make, is to have negative feelings about business. Yet, most people would love to have more money.
To want money and yet refuse to learn about business, is like wanting the fruits without acknowledging that they come from fruit trees!
If the fruit is good, how can the tree be bad? In other words, if you want money (fruit), you have to learn business (tree).
Of course, the tree (or the business) did not just come into existence out of the blue. The tree was once a seed, which was nurtured and eventually grew into a tree.
Because most people work for a large company, it is difficult for them to imagine how that company started. Therefore, the idea of starting a business seems remote or extremely difficult for people who work in a large corporation.
But if you're lucky to work in a small firm, you would see quitely clearly that starting a business is not that difficult.
Peter Drucker wrote brilliantly that the purpose of a business is to create a customer. This sounds deceptively simple, yet I can guarantee you that there is an enormous amount of wisdom in that single statement.
I would only modify Drucker's statement just a little bit: The purpose of a business is to create a perpetual customer by hiring a perpetual employee.
The employee pays attention so you don't have to, and the customer pays the bills so you don't have to. That is, the business is a system that works for you, and pays for you.
In short, you get paid but you don't have to work. How is this possible? Once again, it is possible IF and only IF you work for business owners NOT for money but in order to learn HOW to create and run a business.
Let me illustrate it by asking you a simple question: If you were able to enter the Central Bank, where the federal government has machines to print money, and you could bring with you whatever you wanted, would you bring 1. the crisp, newly printed money, or 2. the machines that actually print the dollar bills?
Here's a similar, but slightly modified scenario: if you had to choose between taking with you the money-printing machines, OR the blueprint of the money-printing machines (this blueprint would enable you to create another machine), which would you choose?
Lastly, and perhaps you can relate more easily to this metaphor: If you met a fisherman and had the choice between learning from him HOW to fish, or getting a fish every day from him, which option would you choose?
I think you're beginning to see where I'm going with this.
SECRET: Never work for money, but rather, for the knowhow about how to CREATE money.
This "Midas" knowhow is worth infinitely more than the paycheck you're getting. This knowhow allows you to turn ideas and things into MONEY.
However, in a big corporation, functions are divided into separate departments so it's very hard for most people to see the whole picture about how the organization creates value and makes money.
You have more chances of learning the art of business if you work in a small firm.
Why is it important to learn about business? Because otherwise, you will be an economic slave for the rest of your life, and your entire economic/financial future will be at the mercy of your employer.
Sure, you could save money and invest and eventually retire when you're 55 or 60, but that's too long. It's better to learn about business as early as possible, so you can retire as early as possible.
In my case, I'm on my way to retiring before I'm 40. I predict many young people will be able to retire even before that, chiefly because young people today can set up a "micro multinational startup" in a few days, using networks like Linkedin to quickly establish commercial contacts abroad.
This powerful secret -- that one should work NOT for money but in order to learn how to MAKE money -- is simple, yet most people don't get it. Why? Because we tend to think that a paycheck is the appropriate reward for work that we perform.
Therefore, we do as little work as possible and then are happy to get the regular paycheck. This has got to be the most widespread and counterprofitable error of our times!
I have never made that mistake, even in my early 20s when I knew little about life. I've always tried to learn the business secrets of every employer I worked for. Of course, I won't divulge those secrets to anyone because I believe in abiding by the law, and those secrets belong to the employer.
However, by studying HOW employers make money, I was able to devise my own secret money-making techniques which I own and can license to others.
A second incredibly common mistake that most people make, is to have negative feelings about business. Yet, most people would love to have more money.
To want money and yet refuse to learn about business, is like wanting the fruits without acknowledging that they come from fruit trees!
If the fruit is good, how can the tree be bad? In other words, if you want money (fruit), you have to learn business (tree).
Of course, the tree (or the business) did not just come into existence out of the blue. The tree was once a seed, which was nurtured and eventually grew into a tree.
Because most people work for a large company, it is difficult for them to imagine how that company started. Therefore, the idea of starting a business seems remote or extremely difficult for people who work in a large corporation.
But if you're lucky to work in a small firm, you would see quitely clearly that starting a business is not that difficult.
Peter Drucker wrote brilliantly that the purpose of a business is to create a customer. This sounds deceptively simple, yet I can guarantee you that there is an enormous amount of wisdom in that single statement.
I would only modify Drucker's statement just a little bit: The purpose of a business is to create a perpetual customer by hiring a perpetual employee.
The employee pays attention so you don't have to, and the customer pays the bills so you don't have to. That is, the business is a system that works for you, and pays for you.
In short, you get paid but you don't have to work. How is this possible? Once again, it is possible IF and only IF you work for business owners NOT for money but in order to learn HOW to create and run a business.
posted by Super Peter at 1:27 AM
<< Home