If you want to be wealthy one day, there are four things you must do:
1. Master a financially valuable skill.
2. Develop a high income.
3. Invest conservatively in other businesses.
4. Invest aggressively in a business you know.
Ill talk in more detail about each of these at a later time, but for today Id like to clarify what I mean by financially valuable skill.
What I dont mean is speaking French or ballroom dancing. These are great to know, and enhance the richness of your life, but they are not skills that people will pay you a ton of money for.
A financially valuable skill might include doctoring or lawyering, but for the purposes of this and future conversations, try to think of them as falling into one or several of three categories:
* speaking well
* writing well
* thinking well
Speak And/Or Write Well And They Will Follow You
In any organization or organized system, power moves inexorably to those who are persuasive. The means of communication you develop dont matter so much. What counts is that you have a way to convince people that your ideas are worthwhile.
It goes without saying that you dont need flawless grammar and a good vocabulary to be persuasive. They can help, but they are minor skills in the Art of Rhetoric.
All Difficult Problems Are Collections Of Simple Problems
By thinking well, I mean having the ability to analyze a problem and figure out its component parts what it is made up of and how important each of these pieces is. If you apply this thinking to a business situation say analyzing a market you can figure out solutions before your colleagues have begun to figure out the problems.
Great marketers are really great thinkers. They look at a complicated market, break it down into understandable patterns, and develop a selling program that reflects those patterns. If you can figure out how to sell products/services when everybody else is throwing up their hands in despair, youll be rich and powerful sooner (probably) than you even want to be.
To make a high income (in excess of $100,000), you almost have to have one of these skills.
Spend some time today thinking about what kind of valuable skill you have and how you might use it to get your income up at least to a hundred grand. More if you want more.
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