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"An investment in knowledge pays the best interest."

January 22, 2005

As I look to achieve wealth using the knowledge of others combined with the little I possess, I find it to be extraordinarily rewarding to provide the means for others to achieve the same goal. Like many of you, I desire a level of financial independence. Like many of you, I started by looking at the wealthy and asking, "How did they do it? I also came to realize that many of them were more than happy enough to share their knowledge...for a price. That is neither right nor wrong, just the way of capitalism.

Many of us said to ourselves, "I am not that smart. I cannot write well enough or have the imagination to create a bestselling work of literature. I am not an inventor, scientist, economist, nor a philosopher." Then we get discouraged. Moreover, I say to you, it does not matter that you are any of these things. Very few of us are.  A noted exception is a fellow I am familiar with who lived in Philadelphia a while back.  His musings included a quote to which others attribute to him.. "Hide not your talents, for they were made; what is a sundial in the shade?"  Finding that talent or idea is sometimes tricky, but it is there in you, I assure you.  Sometimes we just have to change the way we think. 

First, not all wealth is gained through invention; though if you are the type of creative or inventive person, protect your creativity by legal means.  It is no fun being the inventor and watch others gain from it, unless you have provided the right through license.  Money for sound legal advise can be money well spent.  For the non-inventive types, you can still be creative enough to legally attain wealth of an existing product or asset.  Remember that Bill Gates did not become wealthy by creating an operating system.  He simply bought one, marketed it, improved it a bit, then licensed it.  It has had subsequent variations that still seem to be making Mr. Gates a bit of money.  Simply, you don't have to build a better mousetrap to have people beat a path to your door.  Find a mousetrap that works fairly well, then focus on building the super-highway to it.

Second, feed you mind.  the only way to be wealthy or successful is to think wealthy and successful.  I find that a good beginning to changing the way you thing is by changing what you read.  Start with The Richest Man in Babylon by George Clason.  Proceed next to The Millionaire Next Door, then top of your new beginning with Rich Dad Poor Dad by Robert Kiyosaki.  You can also review the menu at the right starting at the top.

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