“The more you learn the more you’ll earn.”
It doesn’t matter who you are, there is always the your take on the economy and the way you bring value to the marketplace. The underlining factor is that it has all to do with our belief, value and attitude. Ultimately our core value in every respect impacts the results we get in every area of our life – personal and professional life. If you see yourself as a business entity that has the power to bring value to the market place through your creative endeavours – gifts, talents, skills, aptitude, skill and life experiences there is the need for you to constantly improve yourself. What do I mean by improvement? Well, you need to see to it that you grow as a person. For you to grow you have to increase in your ability to learn and to contribute in a very meaningful way. You are rewarded over time according to the value that you bring in a given market place. If the value you bring over time is key to becoming more valuable; what you need to do to become more creative and innovative as to create impact in your chosen field. It does not matter where you are at the moment. You can improve your way of being, what you do and the experience you derive form what you do and hence the results you achieve. Yes you can change your mind set, skill set and tool set so as to become more productive and therefore be rewarded in a significant way based on your contribution. This article is to challenge you the reader to see in a new way the way you contribute your valuable time in your chosen market place and how you can be the driving force to you becoming in control of your economy. No one will do it for you … it is your responsibility.
“Only as we first grow in value as persons will we receive the increased income we seek.”
The Manual Worker Mentality – money for result
It doesn’t matter who you are but at any given time you are subjected to a way of thought and this way of thought ultimately will lead to a result. In this way of being you are paid for the hours that you put in as in our normal work … employment. You are sort of slaving in another man’s creation, you are told what to do and your activity is judged in terms of how effective you are. In this type of economy you are paid for you input in terms of the value that you create based on the hours that you put in. There is little flexibility in terms of how to increase your income based on the value you input. It is limiting.
The Knowledge Worker Mentality – result for money
How can you use what you know to solve problems? This is your role as a knowledge worker. You have to effectively use what you know from the standpoint of a thinker and contribute your knowledge in as meaningful but significant way to meeting the needs of an individual … a client. You can do this from using your default mode of a thinker and producer. Yes as a knowledge worker you can use what you know in an innovative way to solve problems and you’ll be richly rewarded when you understand how. The difference between the knowledge worker and the manual worker stems from the fact that the former is a thinker but the latter is not. The knowledge worker is effective whereas the manual worker is efficient. You have to become effective in decision making as well being able to take risk to move into the universe of the knowledge worker. It is a shame that most of us could have been paid for the value they bring in terms of their result. But this is not the case for most part. This part has the promise of not guaranteeing you with a lot of riches but the part is uncertain. It is unlimited as you can be more imaginative and apply your creativity and innovative instincts as to increase the value you bring to the market place. How can you create value in terms of your output and being paid for it over and over again? What if you are paid in terms of both your input and output? This requires knowledge. According to Robert Kiyosaki; “I realized that it was not the tangible asset that was valuable. It was information relative to the asset that ultimately made a person rich or poor. It was not real estate, gold, stock, hard work and money that makes you rich. Ultimately it is your financial intelligence that makes you rich.”
The Alchemy Mentality – creating value based on your input and output
“An Alchemist creates wealth, and an economist moves it around.”
Paul Zance Pilzer, Author, Alchemy: Turn Knowledge into Gold … Unlimited Wealth
What does it mean to have an alchemy mentality with regards to the way you look at what is economically viable? I will begin by telling you a story about the Alchemy Mentality so that you can weave this skill into your arsenal of financial skills. After all we attain skills for living through knowledge. The Alchemy idea was conceived by Paul Zance Pilzer. According to him the alchemy theory hinges on these lines of thoughts; a traditional economist looks for better ways to slice up the same old pie, an Alchemist concentrates on baking a new pie that’s big enough for all to share. One is a discipline in effectiveness whereas the other is that of efficiency. The thought process of the Alchemist leads to wealth. According to Paul Zance, wealth is the product of physical resources and technology and of the two, technology is more important. This idea can
be expressed by this equation:
W stands for wealth, P stands for the physical resources, T for Technology and n for the exponential effect of technological advances on themselves. The implication of this formula is that we no longer have to try to slice the same pie. Instead we can find a way to bake a new and bigger one.
The key to wealth: flow of resources
What value do you want to deliver to the market place and how quick can you have it distributed? If the accumulation of physical resources in an attempt to corner the market doesn’t lead to wealth, what does? This was the question posed by Zance Pilzer. The answer is efficiency in distribution. Sam Walton story is an inspirational one. He created his own distribution system. The reason is because distributors weren’t eager to service his first Walt – Mart in tiny Rogers, Arkansas; he started his own distribution system. By implementation of the latest advances in data processing, communication technology, he constructed the most sophisticated automated distribution system the world has ever seen.
As a result, Walt – Mart has grown from its’ humble beginning in 1962 to a $30 billion a year empire.
How can you tap into this mentality … of the alchemist? What value in terms of results can you bring to the market place? Device a means to share it to those that needs it. Perhaps this could be the game changer that you’ve been dreaming of in terms of creating your own sustainable economy.
In conclusion, I’ll leave you with this quote for you to think, ponder and act upon.
“There are two types of economies in the world, time for money and results for money. One has a lot of guarantees and limited income and the other has no guarantees but unlimited income potential.”
- John Chliders, Businessman, Investor and Public Speaker
If you want to learn more about developing your own economy you can read some of my book on Entrepreneurship Education through this link:
A Primer on Entrepreneurship Education: How to turn your passion into profit (cash)