A Easy Concept To Know About Being Wealthy

Before I give you the sentence that can make you very rich and in order for you to properly grasp its meaning I must explain a few things.

Buying things…

When you buy something what are you doing exactly? You’re swapping a piece of paper or some coins for a product, right? (Excluding all forms of debt)

The product you swap it for must do what, in order for you to want to swap it? It must benefit you in some way. More than the money does. Otherwise you wouldn’t buy it. Every successful product in every market benefits people more than the money it costs. But as well as that, the benefits themselves are needed and/or wanted by people.

Now, to get the money to pay for the product you have to do what? You have to swap something of yours (E.g. Time or effort) that somebody else needs or wants from you, for the money. Okay?

So money is like a token of value which you can exchange for other values. Instead of messing about swapping products with other people’s products (Bartering) and limiting yourself to what you can actually get, you swap your value for money and then buy what the heck you like.

Money only makes the exchange of products easier and more flexible.

Please re-read that last statement. You simply must understand it in order to get the meaning of the sentence that I’m going to tell you shortly.

Money is not a commodity. Not in reality. Some people might say it is but they are fooling themselves. You cannot buy $10 with any less than $10 and you cannot sell $10 for any more than $10. (Not unless you’re a bank and your customers are daft enough to fall for it!) Money only enables the exchange of products. Simple as that. The only real value is in the products themselves. Not in the money.

Think about this. Imagine you have a wallet full of notes. How does it make you feel? Good? Why?... I’ll tell you why. It’s because you know you can gain more values by spending it. It’s not the money itself, it’s the beneficial qualities of the products you can buy with it that makes you feel good.

Money is not a value. Products are. Without products to trade, there would be no need for money.

Imagine being a millionaire (Or a multimillionaire if you’re already one.) What would you have? Big house, snazzy car, properties, a restaurant perhaps, investments…

In other words you’d have a $million worth of products. Mostly products that other people have created. Obviously you’ll want some spending money so some of your money would be liquid and available… but only to spend on more products… if the urgent need arises.

What I’m getting you to see is that real value or wealth is in the products themselves. Money, value, wealth… all come from products.

I hope that is clear.

If you have a job or are self employed then you yourself are the product that you’re selling to your boss or clients. At that moment, you are the only product you are selling. And as there are only 24 hours in a day, you’re extremely limited as to how much money you can make.

You created the product (You) by training. You added value to yourself… and then sold it to the best bidder (Employer or clients). So one way you can make more money is to form a company and train others in what you do to create a bigger value to trade. But you will soon see that there are much better ways to create a bigger value than that…

Anyway, it now follows that in order to create money, wealth and value you must create products. In order to get rich you must create products. In order to retire in 30 years you must create at least one product (E.g. You trained for a job). In order to get rich and retire in 2 – 3 years you must create multiple products.

Whatever your goal in life, you must create a product or products in order to get your goal. And you cannot escape from that fact. If you try to escape it you will always be broke.

Okay, so you realize you must create products to create money and you realize money and wealth comes from products. You might have already known this but I had to start at the beginning so you can easily grasp the meaning of the sentence I’m about to reveal.

There is one more thing you need to understand…

Products are wealth. You know that. But how do you decide which products to create? I mean lots of products that come onto the market flop completely. It’s a bit of a risk isn’t it? No…

The reason why a product flops in the market place is because the creator of the product created it for other people.

Re-read that last sentence please. It is crucial that you get this.

Now isn’t that last sentence a bit different from the usual “Give people what they want…” rubbish? You can make a bit of money giving people what they want, but what about what YOU want. Aren’t YOU more important than everyone else in the world? Of course you are. You are (or should be) the single most important person on this earth… to you that is. You should always look after yourself first before you start helping others.

So it follows… Create things for others first? No. Create things for yourself first. Enrich your own life first…



until tomorrow
Mark