What Truly "Wealthy" people know about money.
There are some excellent thoughts in this article and one of the aspects in that article which I want to talk about is the formula
Wealth = Value Provided by Y * Number of Entities that Directly Value Y
(Where Y is the product, employee or subject generating wealth).
The key aspect for wealth in this formula is the value that is provided. At an organizational level or a individual level it comes down to the same thing. If you want to make money you need to have something that provides value. At an organizational level it is the value of the intellect the organization holds. If the organization does not innovate and keep ahead of the intellectual curve it will fall away and stop providing value. It is same for the individual - if the individual stops learning and stops innovating and keeps ahead of his peers in his ability to provide value then his wealth disappears.Once there is no value nobody needs the organization or the individual and that's when all wealth - financial, mental and physical disappears.
The Number of entities that directly derive value will automatically grow based on the amount of value you provide to them and the bandwidth you have to manage them. When you provide true value the entities that seek that value tend to find you faster than you wish for.
So the bottom line is to introspect and understand if each and every one of us at an individual capacity and an organizational capacity provide value. If we do, we will automatically become wealthy - financially, mentally and physically. If not overnight it will happen in time.
Usually when we work in the office there is usually a check-in time and a check-out time and break out meeting times, so the whole team is...
Today my guest post appeared on problogger.net . I wrote about 9 Tips to Start Blogging Successfully . Let me give you a bit of a backgrou...
You can get an encumbrance certificate online in AP now. In order to get it you have to perform the following steps. Go to the website http:...
This is a repost of the article I published on the 10th of Jan, 2008 as I have added a new ground - Lahari Resorts. View Larger Map In this...