Sunday, August 05, 2007

Wealth comes from compounding organization

The more you organize, the wealthier you will get.

After all, they say that "organized, even crime pays."

Of course, I'm not suggesting that you engage in crime! But I'm submitting that a mindset that focuses continually on organizing -- information, resources, connections, prospects, opportunities, etc. -- will help you to reach wealth faster, sooner and more reliably.

By the way, you will notice that few people become wealthy through a "career" for the simple reason that they don't have a way to organize their career information. The resume, deemed by most people to be a key career instrument, is in fact just a reflection of where your career has been.

Careerists who do become wealthy have developed the habit of proactively, consciously and continually organize their career information, whether it's through technical articles they write (to organize their marketable knowledge), connections they acquire (through Linkedin, for instance, or through going to meetings and association events) or new knowledge they absorb (through reading books and magazines).

By "compounding organization," I mean that the structures or processes that you use to organize your career information will tend to accelerate the rate at which you acquire and absorb new information and knowledge. In other words, you should set up your career knowledge base like a bank, so that a cerating compounding effect kicks in and allows you to increase, exponentially, the quantity of your knowledge.

Of course, to increase compoundingly the quality of your knowledge requires a mechanism or metaphor that's different from that of "compound interest." We will examine that aspect later.