Think and Grow Rich with Knowledge

In the book "Think and Grow Rich" talks about knowledge, that there are two kinds of knowledge; general and specialized. General knowledge is all the trivia we learn and is usually of little use to us to accumulate riches, while specialized knowledge is the stuff we need to help us to make money. Now of course specialized knowledge if misused will do nothing for us, but when applied properly will assist us greatly in our endeavors to think and grow rich.

Knowledge in itself will not bring to use our desired riches, until it is properly applied through plans of action and with a definite end in mind. The missing link in our educational systems today is the lack of use and the improper organization of that knowledge. There is a saying that "knowledge is power", this is true only if the knowledge is applied to practical use, and organized into a definite plan. Without those key parts knowledge becomes useless, and when misused becomes dangerous.

The accumulation of riches calls for the power of knowledge, but that knowledge does not have to be in the possession of the one who wants to use it. So comes the value of the specialist. Let us say that a small business owner knows how to fix and maintain vehicles, and has a few others that also have this skill that work for him as mechanics, yet this business owner does not know about accounting. For him to operate a successful business he has to be able to keep track of expenses and profit, payroll and parts, overhead and schedules, and a variety of many other tasks that must be accomplished so that he or she can think and grow rich. So that business owner is faced with a choice, learn those things and do them, in which case there will never be free time or even sleep for that matter, or find someone with that specialized knowledge.

Finding someone with the knowledge you need is called buying knowledge, many a consultant runs an independent company selling the specialized knowledge that they have. In this manner, you need not spend the rest of your life taking correspondent courses or night classes; you can simply buy the knowledge you need when you need it. A case in point a huge majority of us uses a company to help us file our taxes every year, rather than doing it ourselves, we seek someone with the specialized knowledge and pay them to use their knowledge. You can do the same thing, acquire specialized knowledge and let it be known that you have it, and people will seek you out so that they may avail themselves of your knowledge.

This is how one can think and grow rich; having and using specialized knowledge will cause you to increase in value to a variety of other people. This in turn will cause you to be able to accumulate riches. If you plan to take some courses, or going back to school, first determine what knowledge, you need to gain and how you are going to use it. You would not want to learn air conditioner repair if you are going to be applying for a nursing career. Seek only the knowledge you need for yourself, later when you need other knowledge you can buy the use of it from another who has it, just as you hire an electrician to fix the wiring in your house, so will that electrician someday have to hire someone else when he needs his taxes done. This exchange of knowledge is what the new commerce is all about. Gone are the days when a company could hire a staff of people who might be called upon a few times a year for their knowledge. Now when that company needs that knowledge, they hire a consultant for a short period of time to solve their immediate problem. Then when that problem is resolved, they go back to what they are in business to do.

Here is where you can get your riches, by having the specialized knowledge that others need. Not everyone needs your knowledge all the time, but if enough people need your knowledge, some of the time you will be able to stay quite busy and well compensated.

Be Blessed