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In a word, Conventional Wisdom is crap.
Now that I have that off my chest allow me to elaborate just a bit. Conventional wisdom is the stuff your mother told you and in all fairness to mom she didn't have any idea what she was saying at time or she wouldn't have said it.
I'm not going to leave dad or your teachers, preachers or best friends out of the discussion either. Chances are pretty good that if you know someone, anyone to be precise, then the things they have told you to believe have all been based on conventional wisdom.
From a Quantum Physics point of view and in a very general sense the entire universe is made up of two things, energy and information. Matter as we know it is the result of organizing the energy and information into systems or patterns that our physical bodies have the ability to detect using one or more of the five senses.
The human being is a very specialized mammal on a planet that is crawling with life. We have a brain and when the brain does what it is designed to do "think" it creates an electrical/chemical energy field. Without going into a huge amount of detail about how this process works, suffice it to say for now that the energy field I'm talking about is what we have come to know as the mind. In other words the mind is a product of your brain doing what it was designed to do.
Going back to the prehistoric times when the "human" life form was competing with every other life form for dominion on this planet the brains primary function was survival and all thinking came from that survival mode. We used our five senses to gather data from the world around us and determine if it was going to benefit us or be a threat. As we evolved this became the two basic feelings, Pleasure and Pain.
All of the thinking that has been hard wired into the human brain since the beginning of our current existence on this planet has found its roots in the survival mode of thinking where everything is evaluated on whether or not it will bring us pleasure or pain. This survival mode is the essence of conventional wisdom and fear of death is the root of all fears.
Back to where I started this discussion, conventional wisdom is a bunch of crap because it is based on our survival instincts and not our true self (consciousness aka., spirit) which is capable of functioning well above the survival mode and yet for many of us we still rely upon age old thinking habits or patterns that no longer truly serve us or our potential.
After humans started to walk upright and use tools to gather food and build shelter some bands of humans or "Tribes" were more successful than others. Some became very accomplished hunters, gatherers, and later even farmers. In each tribe there developed a hierarchy that meant the smartest, strongest and most successful became leaders of the tribe and the rest became the workers.
Let's call the chief of this one particular tribe Ug.
Ug discovered he didn't have to go out and risk his life by hunting for food and he discovered that he could hang back at the cave and contemplate things. Ug probably stuck a stick in the ground one day and observed the shadow move in a circle, he maybe even put small stones at the end of the shadow every now and then and drew lines connecting the dots. To make a long story short Ug started using his brain to think for purposes other than survival.
As time went by there were other very successful cavemen in that tribe and since they couldn't beat up Ug and they too were smart, they became cavemen of leisure as well. Then one day a really scary event like a forest fire or eclipse of the sun or something unusual happened and the people of the tribe all came running to Ug and the other cavemen of leisure wanting some kind of reassurance and explanation for what was or had happened.
These cavemen who had been using their brain to think "outside" of the box were quick on their feet and not wanting to appera stupid they gave the other tribal members a story of gods and super natural powers and they became looked upon as very wise cavemen indeed.
Ug being the lazy and enterprising cave man that he was saw an opening to substantially reduce the amount of work he would have to do so he appointed one of his fellow cavemen "priest" and from then on all the unexplained events would be addressed by him and Ug wouldn't have to be bothered by anybody except the priest who Ug supervised on a regular basis to keep him from getting out of line. Naturally this entire process occured over the span of several geneations and Ug is symbolic of the King or tribal leader.
Somewhere along the line Ug and his priest figured out they could exercise substantial control over the rest of the tribe with superstition and they introduced a new idea called religion and a new feeling to go along with pleasure and pain called guilt.
The story I've just told gives an outline of where and how conventional wisdom originated and evolved. It isn't intended to be a historical account, just an example to define a point. The point is, much of conventional wisdom is either based on survival instinct, what causes pleasure, what causes pain, superstition and or, last but not least control.
Conventional Wisdom is a body of knowledge that is a part of a much larger energy field in the universe that Freud called the ego. So as the humans evolved out of cave dwelling and into organized societies their thinking evolved into a process where it created a mindset based on ego driven thought patterns.
Fast forward to the modern times and what we have is just an evolved state of the same kind of mind set. Our educational system is based on teaching us "things" based on the fundamental principles of an ego which are, pleasure, pain, superstition, control and of course survival.
The single biggest problem with an egoic mindset is the fact that it is extremely competitive and once again going back to the beginning of human existence, competition meant the difference between life and death. That doesn't make it bad. It was a matter of survival to be extremely competitive so in fact it was quite useful back then.
I wont debate the pros and cons of competitive human nature and the consequences of it in our society, that would be the topic of another blog but I will point out that this competitive egoic mind set leads most of the people we know to live in a constant state of fear and a mentality of poverty consciousness, even though most of these people wont admit they are afraid because of pride.
Today people live in a state of constant fear of loss and believe there truly isn't enough to go around and its a dog eat dog world and if they don't grab their share there wont be any left and then suddenly in walks the priest and introduces the idea of guilt and how we should feel guilty if we have too much or are too successful or too attractive, too sexy etc.
Conventional wisdom is actually more of a psychosis where a totally dysfunctional way of thinking produces the kind of energy in the mind that works against the owner of the brain doing the thinking. I say dysfunctional not because conventional wisdom is all bad but because the way we are taught to use our brains makes using them in a functional manner almost impossible.
Conventional wisdom is therefore responsible for keeping people stuck in a rut and a rut is only different from a grave because it's still open on both ends. People in our society have been doing their level best to follow the rules and using conventional wisdom as their guide they wonder what the hell, it don't matter what I do I cant win. They tip toe through life hoping to make it safely to death and now at the age of 68 they discover some dishonest CFO and CEO stole the money from their pension fund and now, instead of retiring they will be a Wal Mart greeter till the day they die.
Conventional wisdom is dysfunctional because it does not teach the natural laws and principles of creating true wealth in this lifetime. In my first blog post (Getting Started) I discussed a statistic that said only 3% of the population will ever achieve financial freedom. That's 3% of the earth's population! Did you realize they control over 80% of the monetary wealth on this planet?
Have you ever wondered what they know that you don't know?
Well I just told you, they know that conventional wisdom is a bunch of crap. They also know that as long as you and I keep believing in conventional wisdom their chunk of the world's monetary wealth is pretty secure. So they continue to espouse the virtues of teaching it to our children. Last but not least they know how to use the natural laws of abundance and ancient principles to create wealth with seemingly effortless regularity.
They know the secret and have kept it to themselves for thousands of years. These ancient principles are similar to gravity in as much as the work all the time whether you believe in them or even know about them. They also can work against you if you don't use them correctly...just like gravity will work against you if you don't pay attention to the last step on the stairs.
I encourage you to follow this blog with me as we continue to explore the ancient principles of universal prosperity and abundance and you'll discover the secrets the 3%ers have kept to themselves and how we can use them to create true wealth in our lives.
For more information on how the brain "thinks" and uses the body to feel and form survival patterns and habits I recommend you read the book "Evolve Your Brain" The Science of Changing Your Mind by Joe Dispenza and a great movie to watch is "What the Bleep Do we Know?
Friday, July 31, 2009
Monday, July 27, 2009
Defining Economics
This is one hell of a big topic, there are social economics, political economics, Reaganomics (aka., supply side economics), Obamanomics (aka., socialism), diversified economics, free market economics and the list goes on for ever...
Every country and or government seems to want to define economics for themselves but you and I both know that wont work in the long run.
Every "thing" and every "word" ultimately has a purpose (definition) that is universally recognized. You and I are the ones responsible for giving meaning to the economy because we work for a living. Governments on the other hand play a game of chance (gambling with the stock market) with our working lives and that's what they mean by economics.
As I frequently do with subjects like this I start with the dictionary and see what "they say" about a word. So I found the Doubleday Dictionary and looked it up.
"Economics" is defined as:
1) The science that treats of the production, distribution and consumption of wealth.
2) Financial Matters.
The "Economy" is defined as:
1) The management of the financial and other resources of a country, community, etc.
2) Care and frugality in the use of money, time, resources, etc.
3) A particular system of producing or managing material resources: such as an "industrial economy."
4) Any practical organization of parts in a system.
I found the definition of an "Economist" rather entertaining, especially in light of our worlds economy and the present condition of the economy in the USA:
1) One who is proficient in economics.
2) A Frugal person.
After reading these definitions I was suddenly struck with an epiphany...
First, we don't have any real economists in the world right now and second...
Its no wonder the education system of America has been run into the ground by all the socialist reformers who want to teach "multi culturalism" over true American History and how to read, write and be competitive in the world in science and math. If our kids were to grow up knowing the real meaning of the words economy, economics and what an economist is, we would have no real choice but to fire 95% of our congress men and women at state and national levels as well as 85% of the Senators. If we were educated and applied these definitions to the real world we would immediately demand the resignation of the Federal Reserve Chairman and clean out the corporate heads of almost every major corporation, every bank, financial institution and brokerage firm on wall street.
Getting back to the definition of economics...
Often it is easier to point out what something isn't and then tell what it is, so I'll illustrate my point with a story about the game these people are playing:
Somewhere in America it's the month of July and there's a resort town sitting nestled on the shores of a lake. It's raining and the normally bustling little resort town looks all but deserted. It's been tough times so far this season with the price of gas over $2.50 a gallon, unemployment over 10% and corporations cutting back on the "extras" (except for the CEOs). The tourists just aren't showing up this summer like they have in the past and as a result, everybody is in debt and everybody in this sleepy little town is living on credit, waiting for the "stimulus package" to hit closer to their home.
Suddenly a "rich" tourist comes to town in his BMW and goes to the only hotel. Looking things over with an air of importance he walks up to the clerk at the reception counter and puts a hundred dollar bill on the counter while telling him that he would like to inspect the rooms in order to pick out which one he'd like to stay in. The clerk happens to also be the hotel proprietor and he quickly snatches up the $100 bill and points the tourist in the right direction letting him know the doors are all open and which rooms are the best. The tourist heads up the stairs and immediately the hotel proprietor runs out the back door with the hundred dollar bill to go pay his debt to the butcher...
The butcher takes the hundred dollar bill and runs to pay his debt to the local farmer who raises the pigs, chickens & cows...
The farmer takes the hundred dollar bill and runs to pay the supplier for his feed and fuel...
The supplier takes the hundred dollar bill and runs to pay his debt to the town's prostitute who because of these economic hard times has been giving her services on credit...
The town's hooker now runs back to the hotel and pays on her debt with the hotel proprietor for the rooms she had rented on credit when she brought her clients there...
The hotel proprietor lays the hundred dollar bill back on the counter as the rich tourist comes back downstairs, shaking his head but not suspecting a thing. He looks at the clerk, takes back his hundred dollar bill and lets the clerk know he isn't satisfied with any of the rooms. He then leaves the hotel and drives off in a cloud of dust.
This story is a perfect example of the kind of "economics" our government and many other governments around the world are running. They give their plans fancy names and polish the delivery of of their ideas with media hype and grand illusions of recovery while the truth is, Nobody is earning any Real money!
It would appear the town is now a little less in debt and to some there would be a note of optimism however they now wait for the "next" economic stimulus package (rich tourist) to arrive and hopefully before its too late.
This is not a "real" economy and it is not good economics in spite of the fact that for a brief moment some money circulated in the sleepy little town.
Our retirement accounts (if you still have one), our real estate mortgages (so called equity), our cars and even our children's educations are being played by a bunch of "economists" who never made a real honest living in the real world and are now setting policies and passing laws to bail out corrupt bankers, lawyers, Wall Street Commodity & Futures Traders, oil speculators, stock brokers and mortgage brokers.
True economics are, as the definition says based on a science. Part of this science is one of supply and demand and it depends upon free market trading where the people who do the work get the lions share of the profits.
Economics are about the exchange of goods and services for something of equal or greater value where the "True Value" of the item sold whether it is a product or a service actually exceeds the cost of goods sold. I like to call this "use value."
For example: An Eskimo would have a huge "use value" for a hunting rifle and some bear traps (or whatever). If I came to town with a collection of rare oil paintings , they might only be worth two beaver pelts for the whole lot of paintings. But if I brought a selection of new hunting rifles, tents, cook stoves and other products the Eskimo could use he may trade me his whole stack of beaver pelts just for one rifle which in turn, I may be able to re-sell the beaver pelts for $1,500 bucks.
Because the "use value" of what I sold to the Eskimo is far greater than the price paid for it, the Eskimo can now go out and collect hundreds or even thousands of more pelts and feed and provide shelter for his family for years to come. In turn I made a fair profit.
This "IS" the basis for good economics. In order for money to create true wealth, Money MUST come from a source where the exchange of value is similar to the one I described above. This is one of the reasons the current global "corporate model" is broken. Corporatism seeks to pay its employees the least amount possible for the value of the services the employees provide. Every chance a corporation gets a chance it is cutting this benefit, raiding that pension, or fattening the wallet of an executive who does not contribute to the bottom line. Additionally the corporations do all of this so they can fatten the wallets of "investors" who collect "unearned" profits (they don't do any work or provide any real service). This is the opposite of the example I gave of the Eskimo.
Good economics are simple and based on science. There are laws of supply and demand and there is the Law of Least Effort being applied when a value is exchanged that is real. People will work for food, sure they will and there is honor in doing so, in fact there is honor in earning an honest profit so when your work gives a greater value to someone in exchange for the money you collect (including a fair profit) you are contributing to the overall economy and can now get paid in relation to what your goods and services are worth. Good economics are therefor the foundation of Capitalism and Free Enterprise.
Every country and or government seems to want to define economics for themselves but you and I both know that wont work in the long run.
Every "thing" and every "word" ultimately has a purpose (definition) that is universally recognized. You and I are the ones responsible for giving meaning to the economy because we work for a living. Governments on the other hand play a game of chance (gambling with the stock market) with our working lives and that's what they mean by economics.
As I frequently do with subjects like this I start with the dictionary and see what "they say" about a word. So I found the Doubleday Dictionary and looked it up.
"Economics" is defined as:
1) The science that treats of the production, distribution and consumption of wealth.
2) Financial Matters.
The "Economy" is defined as:
1) The management of the financial and other resources of a country, community, etc.
2) Care and frugality in the use of money, time, resources, etc.
3) A particular system of producing or managing material resources: such as an "industrial economy."
4) Any practical organization of parts in a system.
I found the definition of an "Economist" rather entertaining, especially in light of our worlds economy and the present condition of the economy in the USA:
1) One who is proficient in economics.
2) A Frugal person.
After reading these definitions I was suddenly struck with an epiphany...
First, we don't have any real economists in the world right now and second...
Its no wonder the education system of America has been run into the ground by all the socialist reformers who want to teach "multi culturalism" over true American History and how to read, write and be competitive in the world in science and math. If our kids were to grow up knowing the real meaning of the words economy, economics and what an economist is, we would have no real choice but to fire 95% of our congress men and women at state and national levels as well as 85% of the Senators. If we were educated and applied these definitions to the real world we would immediately demand the resignation of the Federal Reserve Chairman and clean out the corporate heads of almost every major corporation, every bank, financial institution and brokerage firm on wall street.
Getting back to the definition of economics...
Often it is easier to point out what something isn't and then tell what it is, so I'll illustrate my point with a story about the game these people are playing:
Somewhere in America it's the month of July and there's a resort town sitting nestled on the shores of a lake. It's raining and the normally bustling little resort town looks all but deserted. It's been tough times so far this season with the price of gas over $2.50 a gallon, unemployment over 10% and corporations cutting back on the "extras" (except for the CEOs). The tourists just aren't showing up this summer like they have in the past and as a result, everybody is in debt and everybody in this sleepy little town is living on credit, waiting for the "stimulus package" to hit closer to their home.
Suddenly a "rich" tourist comes to town in his BMW and goes to the only hotel. Looking things over with an air of importance he walks up to the clerk at the reception counter and puts a hundred dollar bill on the counter while telling him that he would like to inspect the rooms in order to pick out which one he'd like to stay in. The clerk happens to also be the hotel proprietor and he quickly snatches up the $100 bill and points the tourist in the right direction letting him know the doors are all open and which rooms are the best. The tourist heads up the stairs and immediately the hotel proprietor runs out the back door with the hundred dollar bill to go pay his debt to the butcher...
The butcher takes the hundred dollar bill and runs to pay his debt to the local farmer who raises the pigs, chickens & cows...
The farmer takes the hundred dollar bill and runs to pay the supplier for his feed and fuel...
The supplier takes the hundred dollar bill and runs to pay his debt to the town's prostitute who because of these economic hard times has been giving her services on credit...
The town's hooker now runs back to the hotel and pays on her debt with the hotel proprietor for the rooms she had rented on credit when she brought her clients there...
The hotel proprietor lays the hundred dollar bill back on the counter as the rich tourist comes back downstairs, shaking his head but not suspecting a thing. He looks at the clerk, takes back his hundred dollar bill and lets the clerk know he isn't satisfied with any of the rooms. He then leaves the hotel and drives off in a cloud of dust.
This story is a perfect example of the kind of "economics" our government and many other governments around the world are running. They give their plans fancy names and polish the delivery of of their ideas with media hype and grand illusions of recovery while the truth is, Nobody is earning any Real money!
It would appear the town is now a little less in debt and to some there would be a note of optimism however they now wait for the "next" economic stimulus package (rich tourist) to arrive and hopefully before its too late.
This is not a "real" economy and it is not good economics in spite of the fact that for a brief moment some money circulated in the sleepy little town.
Our retirement accounts (if you still have one), our real estate mortgages (so called equity), our cars and even our children's educations are being played by a bunch of "economists" who never made a real honest living in the real world and are now setting policies and passing laws to bail out corrupt bankers, lawyers, Wall Street Commodity & Futures Traders, oil speculators, stock brokers and mortgage brokers.
True economics are, as the definition says based on a science. Part of this science is one of supply and demand and it depends upon free market trading where the people who do the work get the lions share of the profits.
Economics are about the exchange of goods and services for something of equal or greater value where the "True Value" of the item sold whether it is a product or a service actually exceeds the cost of goods sold. I like to call this "use value."
For example: An Eskimo would have a huge "use value" for a hunting rifle and some bear traps (or whatever). If I came to town with a collection of rare oil paintings , they might only be worth two beaver pelts for the whole lot of paintings. But if I brought a selection of new hunting rifles, tents, cook stoves and other products the Eskimo could use he may trade me his whole stack of beaver pelts just for one rifle which in turn, I may be able to re-sell the beaver pelts for $1,500 bucks.
Because the "use value" of what I sold to the Eskimo is far greater than the price paid for it, the Eskimo can now go out and collect hundreds or even thousands of more pelts and feed and provide shelter for his family for years to come. In turn I made a fair profit.
This "IS" the basis for good economics. In order for money to create true wealth, Money MUST come from a source where the exchange of value is similar to the one I described above. This is one of the reasons the current global "corporate model" is broken. Corporatism seeks to pay its employees the least amount possible for the value of the services the employees provide. Every chance a corporation gets a chance it is cutting this benefit, raiding that pension, or fattening the wallet of an executive who does not contribute to the bottom line. Additionally the corporations do all of this so they can fatten the wallets of "investors" who collect "unearned" profits (they don't do any work or provide any real service). This is the opposite of the example I gave of the Eskimo.
Good economics are simple and based on science. There are laws of supply and demand and there is the Law of Least Effort being applied when a value is exchanged that is real. People will work for food, sure they will and there is honor in doing so, in fact there is honor in earning an honest profit so when your work gives a greater value to someone in exchange for the money you collect (including a fair profit) you are contributing to the overall economy and can now get paid in relation to what your goods and services are worth. Good economics are therefor the foundation of Capitalism and Free Enterprise.
Thursday, July 23, 2009
Defining Free Enterprise
Capitalism is synonamous with Free Enterprise. The so called "Free Press" has done its best work demonising Capitalism because those entites who control the main stream media feel threatened by anything that is truly free. Most certainly we do not have a truly "Free" Press in America and most Journalists are indeed Socialists in their ideology and political beliefs, but then thats a subject for another Blog.
So what is Free Enterprise and why is it that we so rarley hear much if anything about it? And equally important, what does it have to do with Personal Development and Creating True Wealth?
Sometimes its easier to define something by saying what it is not. In this case we could say that "Free Enterprise" is the opposite of "socialism."
Lets start with a couple of definitions right out of the good ol dictionary.
The DoubleDay Dictionary (published in 1975) defines Capitalism as:
1) An economic system in which the means of production and distribution are privtely owned and operated for private profit.
2) The principles, power and results, etc., of this system.
It defines Free Enterprise as:
1) An economic system base upon private ownership and operation of business with a minimum of government control.
Curiously it defines a Capitalist as:
1) An owner of capital, especially one with considerable wealth invested in business.
2) A supporter of capitalism
3) Loosely, any wealthy person
note: not all wealthy eople are capitalists, many are indeed socialists who run huge corporations and subsequently governments and they use the "unearned" wealth of their corporations and or country to benefit themselves. Many of these huge corporations are so big as to be similar to mini countires. I will do a piece on corporatism sometime in the near future so you can see the difference.
Lastly it defines Socialism as:
1) The theory of collective public ownership or control of the basic means of production, distribution and exchange with the avowed aim of operating for use rather than for profit.
2) A political system or party advocating or practicing this theory.
A socialist by the way is anyone who practices and supports socialist ideals.
Now lets tie this all together.
First of all the so called "Free" press (especially in America) is owned by a handful of very wealthy people, but for the most part, they are not to be confused with captalists.
I am going to digress a little bit to make a point. Most people are lazy, that isn't the point I'm making but it is a statement of fact. Our society has become lazy especially where our thinking is concerned. In fact most of the thoughts running around in our heads dont even belong to us we are so lazy. Thats right, we dont even think for ourselves and the media or so called "Free" press knows this fact better than anyone.
Here is my point. Capitalism has become a "dirty" word in most parts of the world because it has been misrepresented by the mass media. The fact that Capitalism and "Free Enterprise" are virtually the same thing maks talking about free enterprise something of a no mans land.
Why is this important to me? because it is "Free Enterprise" that made America the strongest nation in the history of the world and this nation has given birth to more "self made millionaires" and billionaires than any other collection of countries combined.
Free enterprise is founded on the principles of capitalism. Pure and simple and Capitalism is in a struggle with Socialism to win over the "average person's" heart, mind and body.
I could do a piece on "socialism" and how it came from the struggles of opressed peoples of the earth who were subjugated by tyrany and kings and dictators. I could add to that by pointing out that socialism has become what it originally fought to replace. But these topics would be best included in another blog. What I want my readers to know is that Capitalism isn't a dirty word and a Capitalist isn't an evil person who is out to destroy the earth, its atmosphere, cute fuzzy little animals and darling porpises all for the sake of profits. If you think this way its because you're guilty of being a lazy thinker who has never picked up a dictionary and started thinking for yourself. Well it's time to start thinking for yourself and turn off the television and throw away the newspaper and get back to the basics of knowledge and wisdom which is profoundly absent in the main stream media.
Free Enterprise is about the inalienable rights of a human being to seek and provide for his or her own family the best way possible using the most "legal" and lawful means available to them and to do so for profit. Is there anything wrong with that? As noted earlier in this post it all depends on who you ask.
Your freedoms and the opportunity to provide as best you can for your family is something that is systematically being "socialized."
I am passionate about Free Enterprise and proudly call myself a capitalist because I am willing to think for myself and take a stand for the rights of all people to self determination and because I believe in the system that originally founded the good old US of A!.
If you take a moment or two and consider the definitions I listed earlier you'll begin to realize that "Free Enterprise" is not an easy thing to find these days but I can tell ou first hand it does exist. It is an endangered spiecies however because most people are lazy, they don't think about it let alone engage in it (but I believe that too is beginning to change).
To illustrate my point I'll refer to an email thats been going around the web recently about a Professor of economics who recently flunked his entire class.
His class had insisted that Obama's socialism worked and that no one would be poor and no one woud be rich...the great equalizer.
By the way, this is being done with health care in every country in the world and is right now on the table in the USA (but may not be voted on until the fall). You see forcing everybody to pay money to an insurance company to "lessen the burden" of health care on the poor is simply a socialist program, and it benefits the insurance companies and governement the most. There is no incentive to stay healthy for most people and lets face it, the lazy people will be taken care of and healthy people will pay for it.
Back to the profssor...
He said "OK...lets do an experiment in this class on Obama's plan."
All grades would be averaged and everyone would receive the same grade so in theory no one would fail and no one would receive an A.
After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy.
As the second test rolled around, the students who studied little studied even less and the ones who studied hard decided they wanted a free ride too so they studied little. The econ test average was a D, no one was happy.
When the third test rolled around the average was an F.
The test score never increased after that however the bickering, blaming and name calling did and it all resulted in a lot of hard feelings and no one would study for the benefit of anyone else.
All the students ended up failing to their great surprise, and the professor told them that "socialism would also ultimately fail, because when the reward is great, the effort to succeed is great, but when the government takes away all the reward no one will try or want to succeed."
This is a real life story and unfortunately I dont know the authors name, if I did I would happily give him or her credit for making this point so elloquently. It also reminds me of my history lessons from way back when the revisionists had not yet gotten a hand on the text books children in America were using to study about our country and how it all started.
You may have hear how the Mayflower brought a rag tag group of colonists to America and they struggled but the kindly indians taught them how to grow corn so everybody lived happily ever after. Would you like to know the rest of the story?
America was a very harsh environment to live in. The early colonists found it hot (this is before global warmng wich is another story) except in the winter, infested with mosquitoes and bugs of all kinds, vermin, and hardships galore to mention a few of the kindlier comments made by the first Europeans who settled on our shores. The Indians were the least of their worries and actually the indians were somewhat entertained by those wierd people with white skin that turns bright red in the sunlight. You see the earliest colonies all had one thing in common, they failed!
Thats right, but the price of failure for those hearty souls was not what it was to the professors class in economics, these colonists were living a real life experiment and failure meant disease, starvation and certain death. One colony after another perished. It even got to a point where the nobility of Europe was less and less willing to finance such regretable outcomes.
You see each of the "failed" colonies had something else in common...socialism. Back then it wasn't called socialism but when studied in any detail it was socialism by another name "colonialism." They each had a charter given to them by the king of whatever country was trying to settle in this country and that charter spelled out exactly what "rights" of the people were granted and to whom. It also dedicated the "bounty" of the land for the king and each governor was to collect from his noble subjects the fruits of their labors, pay tribute to the king or queen and divide equally that which was left over to the poor and wretched souls who had produced it. Truly this is the system that gave birth to socialism and it proved to be a fatal error of judgement for colonists and governors alike.
Just like the experiment in the economics class, none of the colonists wanted to work hard so that the people who didn't could end up with the same "fruits" of the labr they weren't doing. The result was bickering, blaming, lazieness and name calling and in the end when the harvest proved to be too little even to live on let alone "pay homage" to the king they all perished in the cold and harsh winters.
And now for the rest of the story...
This is also the system that gave birth to another idea called capitalism.
There was a colony of misfits who nobody in England really wanted, they had set sail aboard the Mayflower and arrived in the New World a little bit late in the season to raise crops so they built what shelter they could and were very grateful to the indians who shared what extra they had including their knowledge of hunting with the newcomers. The first winter was harsh and many died from starvation and freezing to death. However the enterprising Governor of this colony said to himself wait just a minute. It is an honor to be governor however I do not intend to perish in this "New World" just to prove how honored I feel. I have an idea and I know from my own experience back home that it will work.
I will give private property ownership through my charter to the colonists. They will own 100% of their land, homes and personal property and more importantly they will own 100% of whatever they produce. Then I will allow them to freely sell, trade and or barter their goods and services among each other. We'll collect a tax on these transactions so the king will get his share and everybody will prosper.
As it turned out prosper they did. In fact they prospered so much that there was more than enough to go around for everybody including the indians who had been kind and taught them to hunt, grow corn and beans and such. There was so much "bounty" of the land that there was more than enough to pay the kings tribute and then some and the colony grew and prospered.
So now you know the rest of the story and now you know what "Free Enterprise" really is. Surely you can see that the colonists created true wealth by benefiting themelves personally. Their "Personal Development" became the foundation of a great nation and the experiment in "Free Enterprise" allowed them to show the world what was possible when individuals were given the freedom to decide their own fate.
I believe Economic Justice can best be won by Free People through Free Enterprise, this belief is based on the real world results of experiments that many people have give everyhting they had to give in order to participate. I honor their contributions with my commitment to thinking and acting for myself.
Creating True Wealth with Personal Development and Free Enterprise isn't new, it is the heart and soul of any great nation that wishes to prosper beyond its wildest dreams. As long as there is freedom we can all chart our own destinies.
So what is Free Enterprise and why is it that we so rarley hear much if anything about it? And equally important, what does it have to do with Personal Development and Creating True Wealth?
Sometimes its easier to define something by saying what it is not. In this case we could say that "Free Enterprise" is the opposite of "socialism."
Lets start with a couple of definitions right out of the good ol dictionary.
The DoubleDay Dictionary (published in 1975) defines Capitalism as:
1) An economic system in which the means of production and distribution are privtely owned and operated for private profit.
2) The principles, power and results, etc., of this system.
It defines Free Enterprise as:
1) An economic system base upon private ownership and operation of business with a minimum of government control.
Curiously it defines a Capitalist as:
1) An owner of capital, especially one with considerable wealth invested in business.
2) A supporter of capitalism
3) Loosely, any wealthy person
note: not all wealthy eople are capitalists, many are indeed socialists who run huge corporations and subsequently governments and they use the "unearned" wealth of their corporations and or country to benefit themselves. Many of these huge corporations are so big as to be similar to mini countires. I will do a piece on corporatism sometime in the near future so you can see the difference.
Lastly it defines Socialism as:
1) The theory of collective public ownership or control of the basic means of production, distribution and exchange with the avowed aim of operating for use rather than for profit.
2) A political system or party advocating or practicing this theory.
A socialist by the way is anyone who practices and supports socialist ideals.
Now lets tie this all together.
First of all the so called "Free" press (especially in America) is owned by a handful of very wealthy people, but for the most part, they are not to be confused with captalists.
I am going to digress a little bit to make a point. Most people are lazy, that isn't the point I'm making but it is a statement of fact. Our society has become lazy especially where our thinking is concerned. In fact most of the thoughts running around in our heads dont even belong to us we are so lazy. Thats right, we dont even think for ourselves and the media or so called "Free" press knows this fact better than anyone.
Here is my point. Capitalism has become a "dirty" word in most parts of the world because it has been misrepresented by the mass media. The fact that Capitalism and "Free Enterprise" are virtually the same thing maks talking about free enterprise something of a no mans land.
Why is this important to me? because it is "Free Enterprise" that made America the strongest nation in the history of the world and this nation has given birth to more "self made millionaires" and billionaires than any other collection of countries combined.
Free enterprise is founded on the principles of capitalism. Pure and simple and Capitalism is in a struggle with Socialism to win over the "average person's" heart, mind and body.
I could do a piece on "socialism" and how it came from the struggles of opressed peoples of the earth who were subjugated by tyrany and kings and dictators. I could add to that by pointing out that socialism has become what it originally fought to replace. But these topics would be best included in another blog. What I want my readers to know is that Capitalism isn't a dirty word and a Capitalist isn't an evil person who is out to destroy the earth, its atmosphere, cute fuzzy little animals and darling porpises all for the sake of profits. If you think this way its because you're guilty of being a lazy thinker who has never picked up a dictionary and started thinking for yourself. Well it's time to start thinking for yourself and turn off the television and throw away the newspaper and get back to the basics of knowledge and wisdom which is profoundly absent in the main stream media.
Free Enterprise is about the inalienable rights of a human being to seek and provide for his or her own family the best way possible using the most "legal" and lawful means available to them and to do so for profit. Is there anything wrong with that? As noted earlier in this post it all depends on who you ask.
Your freedoms and the opportunity to provide as best you can for your family is something that is systematically being "socialized."
I am passionate about Free Enterprise and proudly call myself a capitalist because I am willing to think for myself and take a stand for the rights of all people to self determination and because I believe in the system that originally founded the good old US of A!.
If you take a moment or two and consider the definitions I listed earlier you'll begin to realize that "Free Enterprise" is not an easy thing to find these days but I can tell ou first hand it does exist. It is an endangered spiecies however because most people are lazy, they don't think about it let alone engage in it (but I believe that too is beginning to change).
To illustrate my point I'll refer to an email thats been going around the web recently about a Professor of economics who recently flunked his entire class.
His class had insisted that Obama's socialism worked and that no one would be poor and no one woud be rich...the great equalizer.
By the way, this is being done with health care in every country in the world and is right now on the table in the USA (but may not be voted on until the fall). You see forcing everybody to pay money to an insurance company to "lessen the burden" of health care on the poor is simply a socialist program, and it benefits the insurance companies and governement the most. There is no incentive to stay healthy for most people and lets face it, the lazy people will be taken care of and healthy people will pay for it.
Back to the profssor...
He said "OK...lets do an experiment in this class on Obama's plan."
All grades would be averaged and everyone would receive the same grade so in theory no one would fail and no one would receive an A.
After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy.
As the second test rolled around, the students who studied little studied even less and the ones who studied hard decided they wanted a free ride too so they studied little. The econ test average was a D, no one was happy.
When the third test rolled around the average was an F.
The test score never increased after that however the bickering, blaming and name calling did and it all resulted in a lot of hard feelings and no one would study for the benefit of anyone else.
All the students ended up failing to their great surprise, and the professor told them that "socialism would also ultimately fail, because when the reward is great, the effort to succeed is great, but when the government takes away all the reward no one will try or want to succeed."
This is a real life story and unfortunately I dont know the authors name, if I did I would happily give him or her credit for making this point so elloquently. It also reminds me of my history lessons from way back when the revisionists had not yet gotten a hand on the text books children in America were using to study about our country and how it all started.
You may have hear how the Mayflower brought a rag tag group of colonists to America and they struggled but the kindly indians taught them how to grow corn so everybody lived happily ever after. Would you like to know the rest of the story?
America was a very harsh environment to live in. The early colonists found it hot (this is before global warmng wich is another story) except in the winter, infested with mosquitoes and bugs of all kinds, vermin, and hardships galore to mention a few of the kindlier comments made by the first Europeans who settled on our shores. The Indians were the least of their worries and actually the indians were somewhat entertained by those wierd people with white skin that turns bright red in the sunlight. You see the earliest colonies all had one thing in common, they failed!
Thats right, but the price of failure for those hearty souls was not what it was to the professors class in economics, these colonists were living a real life experiment and failure meant disease, starvation and certain death. One colony after another perished. It even got to a point where the nobility of Europe was less and less willing to finance such regretable outcomes.
You see each of the "failed" colonies had something else in common...socialism. Back then it wasn't called socialism but when studied in any detail it was socialism by another name "colonialism." They each had a charter given to them by the king of whatever country was trying to settle in this country and that charter spelled out exactly what "rights" of the people were granted and to whom. It also dedicated the "bounty" of the land for the king and each governor was to collect from his noble subjects the fruits of their labors, pay tribute to the king or queen and divide equally that which was left over to the poor and wretched souls who had produced it. Truly this is the system that gave birth to socialism and it proved to be a fatal error of judgement for colonists and governors alike.
Just like the experiment in the economics class, none of the colonists wanted to work hard so that the people who didn't could end up with the same "fruits" of the labr they weren't doing. The result was bickering, blaming, lazieness and name calling and in the end when the harvest proved to be too little even to live on let alone "pay homage" to the king they all perished in the cold and harsh winters.
And now for the rest of the story...
This is also the system that gave birth to another idea called capitalism.
There was a colony of misfits who nobody in England really wanted, they had set sail aboard the Mayflower and arrived in the New World a little bit late in the season to raise crops so they built what shelter they could and were very grateful to the indians who shared what extra they had including their knowledge of hunting with the newcomers. The first winter was harsh and many died from starvation and freezing to death. However the enterprising Governor of this colony said to himself wait just a minute. It is an honor to be governor however I do not intend to perish in this "New World" just to prove how honored I feel. I have an idea and I know from my own experience back home that it will work.
I will give private property ownership through my charter to the colonists. They will own 100% of their land, homes and personal property and more importantly they will own 100% of whatever they produce. Then I will allow them to freely sell, trade and or barter their goods and services among each other. We'll collect a tax on these transactions so the king will get his share and everybody will prosper.
As it turned out prosper they did. In fact they prospered so much that there was more than enough to go around for everybody including the indians who had been kind and taught them to hunt, grow corn and beans and such. There was so much "bounty" of the land that there was more than enough to pay the kings tribute and then some and the colony grew and prospered.
So now you know the rest of the story and now you know what "Free Enterprise" really is. Surely you can see that the colonists created true wealth by benefiting themelves personally. Their "Personal Development" became the foundation of a great nation and the experiment in "Free Enterprise" allowed them to show the world what was possible when individuals were given the freedom to decide their own fate.
I believe Economic Justice can best be won by Free People through Free Enterprise, this belief is based on the real world results of experiments that many people have give everyhting they had to give in order to participate. I honor their contributions with my commitment to thinking and acting for myself.
Creating True Wealth with Personal Development and Free Enterprise isn't new, it is the heart and soul of any great nation that wishes to prosper beyond its wildest dreams. As long as there is freedom we can all chart our own destinies.
Tuesday, July 14, 2009
Defining Personal Development
Personal Development is the art of becoming more of "what and who" you are capable of "doing and being."
This is my definition, its simple and gets rid of all the fluff.
Many people call "self improvement" personal development because if you learn to loose weight or quit screaming at the kids or get in touch with your inner sanctum the definition technically works.
There are so many possible definitions to personal development many people have just written it off and turned on the television opting to live their lives vicariously through "fake people" living "fake lives" or through sports icons and other famous people who are actually doing something with their lives. These people are of course not developing their person unless you consider strengthening the butt muscles an activity.
If you're interested in personal development, which by the way comes highly recommended by Donald Trump and Robert Kiyosaki in a recent book they co-authored called "Why We Want You to Be Rich," then getting a handle on the meaning it has for you is important.
I checked the dictionaries and did a google search or two and the best source I could find for helping define what personal development is can be found by following this link:
http://en.wikipedia.org/wiki/Personal_Development
I have spent over twenty years of my life studying and reading materials written by dozens of authors, many are well known names such as Jim Rohn, Bob Proctor, Napolean Hill, Wallace D .Wattles, Dennis Waitley, Andy Andrews, Jack Canfield, to name a few. All of these authors, every single one of them have a slightly different definition of what personal development is. Interestingly however is the fact that when I read these books every single one of them discuss in detail certain "principles" that when applied to a persons life with intention will assist them in dramatically improving their own personal life circumstances.
With this in mind it would be very safe to say that "Personal Development" is "the application of timeless principled behaviors in order to effect change for the better in a person's overall living conditions."
Personal Development is "the systematic elevation of one's own conscious energy by applied actions" that come through learning and being instructed by a mentor.
A pair of books that I highly recommend on the subject of conscious energy were written by David R. Hawkins M.D., Ph.D; "Power vs. Force" and "Transcending the Levels of Consciousness." These books do an excellent job of discussing in lay mans terms exactly what is meant by conscious energy and how science is currently using laboratory experiments to not only prove it exists but measuring its effects in our daily lives.
On the spiritual side of personal development are books such as the bible, the Koran and others less secular like those written by author Deepak Chopra "The Seven Spiritual Laws of Success" and my favorite "The Spontaneous Fulfillment of Desire." Native American Indians passed on their understanding of these principles in stories handed down from generation to generation and a book by the title "Seven Arrows" written by Hemeyohsts Storm and "The Sacred Pipe," Black Elk's account of the seven rites of the Ogala Sioux as recorded and edited by Joseph Epes Brown.
All of these books, written by all of these authors (and many more) contain the ancient wisdom of sages long since passed away who taught "principles" for better living. Personal Development has been a passion of mine because these principles are timeless and they know no geographic boundaries. Seers of every culture from the Buddhist temples to the Aborigines of Australia to the Druids of the British Isles, to the native American Indians, Old testament Jews, New Testament Christians we have ALL shared these principles in or teachings.
So with so much material out there about the subject why so much confusion and why are so few people actually using these principles of personal development?
I like to call these principles "The Secret Hidden in Plain Sight." All of these principles work 100% of the time and they work in your life with and without your permission. On this basis you are using them even though you may not realize it or even know that you are. Compare these principles to gravity. Gravity does not require your permission to work, you don't even have to believe in gravity for it to work in your life. Once upon a time mankind did not understand this principle but once we did we created things like airplanes that take advantage of the simple principle of gravity.
Personal Development is all about simple principles. I say simple but I did not necessarily say easy to use "on purpose." Just like taking advantage of gravity took time and discipline and some trial and error, using these principles requires a huge amount of intentional effort. I like to call this kind of effort integrity based actions. I have also found it very useful to find a mentor who will help you progress without going down nonproductive adventures inthe journey. Once learned and applied with integrity a handful of daily principled behaviors can change your life and or the life of any person who uses them from one of mediocrity to one of absolute abundance and prosperity.
Personal Development is not for the weak minded or skeptical thinkers of the world. It is a journey for the strong of heart who know they deserve all the benefits of this life because this life is to wondrous to waste. Personal Development is my passion and my journey and I feel very grateful to share it with you in the weeks and moths ahead.
This is my definition, its simple and gets rid of all the fluff.
Many people call "self improvement" personal development because if you learn to loose weight or quit screaming at the kids or get in touch with your inner sanctum the definition technically works.
There are so many possible definitions to personal development many people have just written it off and turned on the television opting to live their lives vicariously through "fake people" living "fake lives" or through sports icons and other famous people who are actually doing something with their lives. These people are of course not developing their person unless you consider strengthening the butt muscles an activity.
If you're interested in personal development, which by the way comes highly recommended by Donald Trump and Robert Kiyosaki in a recent book they co-authored called "Why We Want You to Be Rich," then getting a handle on the meaning it has for you is important.
I checked the dictionaries and did a google search or two and the best source I could find for helping define what personal development is can be found by following this link:
http://en.wikipedia.org/wiki/Personal_Development
I have spent over twenty years of my life studying and reading materials written by dozens of authors, many are well known names such as Jim Rohn, Bob Proctor, Napolean Hill, Wallace D .Wattles, Dennis Waitley, Andy Andrews, Jack Canfield, to name a few. All of these authors, every single one of them have a slightly different definition of what personal development is. Interestingly however is the fact that when I read these books every single one of them discuss in detail certain "principles" that when applied to a persons life with intention will assist them in dramatically improving their own personal life circumstances.
With this in mind it would be very safe to say that "Personal Development" is "the application of timeless principled behaviors in order to effect change for the better in a person's overall living conditions."
Personal Development is "the systematic elevation of one's own conscious energy by applied actions" that come through learning and being instructed by a mentor.
A pair of books that I highly recommend on the subject of conscious energy were written by David R. Hawkins M.D., Ph.D; "Power vs. Force" and "Transcending the Levels of Consciousness." These books do an excellent job of discussing in lay mans terms exactly what is meant by conscious energy and how science is currently using laboratory experiments to not only prove it exists but measuring its effects in our daily lives.
On the spiritual side of personal development are books such as the bible, the Koran and others less secular like those written by author Deepak Chopra "The Seven Spiritual Laws of Success" and my favorite "The Spontaneous Fulfillment of Desire." Native American Indians passed on their understanding of these principles in stories handed down from generation to generation and a book by the title "Seven Arrows" written by Hemeyohsts Storm and "The Sacred Pipe," Black Elk's account of the seven rites of the Ogala Sioux as recorded and edited by Joseph Epes Brown.
All of these books, written by all of these authors (and many more) contain the ancient wisdom of sages long since passed away who taught "principles" for better living. Personal Development has been a passion of mine because these principles are timeless and they know no geographic boundaries. Seers of every culture from the Buddhist temples to the Aborigines of Australia to the Druids of the British Isles, to the native American Indians, Old testament Jews, New Testament Christians we have ALL shared these principles in or teachings.
So with so much material out there about the subject why so much confusion and why are so few people actually using these principles of personal development?
I like to call these principles "The Secret Hidden in Plain Sight." All of these principles work 100% of the time and they work in your life with and without your permission. On this basis you are using them even though you may not realize it or even know that you are. Compare these principles to gravity. Gravity does not require your permission to work, you don't even have to believe in gravity for it to work in your life. Once upon a time mankind did not understand this principle but once we did we created things like airplanes that take advantage of the simple principle of gravity.
Personal Development is all about simple principles. I say simple but I did not necessarily say easy to use "on purpose." Just like taking advantage of gravity took time and discipline and some trial and error, using these principles requires a huge amount of intentional effort. I like to call this kind of effort integrity based actions. I have also found it very useful to find a mentor who will help you progress without going down nonproductive adventures inthe journey. Once learned and applied with integrity a handful of daily principled behaviors can change your life and or the life of any person who uses them from one of mediocrity to one of absolute abundance and prosperity.
Personal Development is not for the weak minded or skeptical thinkers of the world. It is a journey for the strong of heart who know they deserve all the benefits of this life because this life is to wondrous to waste. Personal Development is my passion and my journey and I feel very grateful to share it with you in the weeks and moths ahead.
Monday, July 6, 2009
Defining Wealth
Before getting too excited about creating wealth its important to first give meaning to the word "wealth."
Most people when asked what the actual definition of wealth is, really don't know the answer (try your own private survey of friends and family) . Everybody thinks they have an idea of what wealth is but few have ever taken the time to define or give meaning to what wealth is in their own life. No wonder so few people ever attain a level of wealth that allows them to enjoy the prosperity of the 3%.
So whats in a word, I mean really... can one silly word be that important? Yes it can be and it is very important. In fact, if you don't know what the meaning of wealth is in your life how can you expect to create it?
Lets start with a dictionary definition of wealth. As defined by the Doubleday Dictionary (published 1975) wealth is:
1) a large amount of money or property, riches
2) The state of being rich
3) great abundance of anything; a wealth of learning
4) Econ. a. all material objects which have economic utility b. all property possessing a monetary value.
If you're like most people you've been living with someone Else's definition of wealth and if that definition is anything like the one I listed above it's no wonder you've found yourself in the 97% of our population who never achieves wealth in their own life time.
Creating wealth is a very personal matter and it can be very important to you and your family, especially if you haven't been successful creating it by the time you retire. My question for you is "Why Wait?" As with all personal development its important to find meaning in your life and decide for yourself what your definition of wealth is.
You might ask yourself...
"if wealth is so important then why don't they teach more about it in school?"
The answer is simple, our economy of "corporatism" depends upon a workforce that is willing to work hard for the living Corporate America is willing to pay them. If our society were better educated in school there would be fewer people who are ignorant to the concepts of wealth creation and Corporate America and our Government sees that as a bad thing.
If you're like me, you'll discover that once you begin to discover the secrets of creating true wealth in your life the possibilities are endless and learning more becomes a habit and a joy.
So getting back to defining wealth in your own life. I highly recommend you get your hands on a free e-book. This book is largely out of print which is why its available for free but don't let the price fool you, this book forms the foundation of learning about wealth creation.
The first book is "The Science of Getting Rich" by Wallace D. Wattles, simply follow this link to claim your copy;
http://www.HomeBasedBusinessMatrix.info/Bonus-Gift_1.htm
Another great resource for understanding the definition of wealth in your life is by reading and listening to Author "Andy Andrews." I found his book "the Travelers Gift" an easy and enjoyable read and could hardly put it down. Here is a link to his web site: http://www.andyandrews.com/
The "meaning of things" important in your life should never be left up to a dictionary or what other people think. You are responsible for coming up with your own definitions especially when its as important as a thing like wealth. It could literally mean the difference between achieving it or spending your entire life thinking wealth is something "other people" have.
If you refer back to the definition I gave you from the Doubleday dictionary I want to direct your attention to the second item on the list. It says that wealth is "the state of being rich" and actually this definition gets us closer than anything else out there.
Wealth IS a "state of being." The dictionary ads the word rich to make it sound elusive and available to only a few people but truly riches are not required to be wealthy.
Once you have prepared your mind for "being" wealthy you will find money will flow into your life as surely as water gravitates to the sea. But I guarantee that sitting around waiting for riches to come before deciding what wealth means and then making a decision to be wealthy, is a recipe for a below average income. Even if you make a lot of money you'll find yourself living hand to mouth and money will leave your grasp as quick or even quicker than it came in.
Most people when asked what the actual definition of wealth is, really don't know the answer (try your own private survey of friends and family) . Everybody thinks they have an idea of what wealth is but few have ever taken the time to define or give meaning to what wealth is in their own life. No wonder so few people ever attain a level of wealth that allows them to enjoy the prosperity of the 3%.
So whats in a word, I mean really... can one silly word be that important? Yes it can be and it is very important. In fact, if you don't know what the meaning of wealth is in your life how can you expect to create it?
Lets start with a dictionary definition of wealth. As defined by the Doubleday Dictionary (published 1975) wealth is:
1) a large amount of money or property, riches
2) The state of being rich
3) great abundance of anything; a wealth of learning
4) Econ. a. all material objects which have economic utility b. all property possessing a monetary value.
If you're like most people you've been living with someone Else's definition of wealth and if that definition is anything like the one I listed above it's no wonder you've found yourself in the 97% of our population who never achieves wealth in their own life time.
Creating wealth is a very personal matter and it can be very important to you and your family, especially if you haven't been successful creating it by the time you retire. My question for you is "Why Wait?" As with all personal development its important to find meaning in your life and decide for yourself what your definition of wealth is.
You might ask yourself...
"if wealth is so important then why don't they teach more about it in school?"
The answer is simple, our economy of "corporatism" depends upon a workforce that is willing to work hard for the living Corporate America is willing to pay them. If our society were better educated in school there would be fewer people who are ignorant to the concepts of wealth creation and Corporate America and our Government sees that as a bad thing.
If you're like me, you'll discover that once you begin to discover the secrets of creating true wealth in your life the possibilities are endless and learning more becomes a habit and a joy.
So getting back to defining wealth in your own life. I highly recommend you get your hands on a free e-book. This book is largely out of print which is why its available for free but don't let the price fool you, this book forms the foundation of learning about wealth creation.
The first book is "The Science of Getting Rich" by Wallace D. Wattles, simply follow this link to claim your copy;
http://www.HomeBasedBusinessMatrix.info/Bonus-Gift_1.htm
Another great resource for understanding the definition of wealth in your life is by reading and listening to Author "Andy Andrews." I found his book "the Travelers Gift" an easy and enjoyable read and could hardly put it down. Here is a link to his web site: http://www.andyandrews.com/
The "meaning of things" important in your life should never be left up to a dictionary or what other people think. You are responsible for coming up with your own definitions especially when its as important as a thing like wealth. It could literally mean the difference between achieving it or spending your entire life thinking wealth is something "other people" have.
If you refer back to the definition I gave you from the Doubleday dictionary I want to direct your attention to the second item on the list. It says that wealth is "the state of being rich" and actually this definition gets us closer than anything else out there.
Wealth IS a "state of being." The dictionary ads the word rich to make it sound elusive and available to only a few people but truly riches are not required to be wealthy.
Once you have prepared your mind for "being" wealthy you will find money will flow into your life as surely as water gravitates to the sea. But I guarantee that sitting around waiting for riches to come before deciding what wealth means and then making a decision to be wealthy, is a recipe for a below average income. Even if you make a lot of money you'll find yourself living hand to mouth and money will leave your grasp as quick or even quicker than it came in.
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