Most people who are working very hard to become wealthy in life fails to achieve their goal mainly because they have a wrong understanding of what the real wealth is. They have a very wrong idea of what exactly it means to be wealthy. Hence, they simply equate money to wealth. They do not realize that money by itself is not the end but a means to an end. Consequently, they focus all their energy and attention on acquiring money, a means to an end rather than the end itself. Their focus is on the wrong variable, which ultimately results into frustration because of failure to achieve their goal of becoming wealthy. Perhaps you are wondering, what then is the main thing, that is, the end? Don’t be in a hurry, this will be revealed shortly in this article.
What is Money?
For the purpose of this article, I am going to define money as follows: Money is a measure of value as well as a means of exchanging value. Did you notice that a word was repeated twice in the definition of money? This word is the main thing, the end…. VALUE. Actually, before money came into the scene, people were using trade by barter system to exchange values. Then, you could get whatever you want only if you have something of values to exchange. This system was abolished because it was cumbersome and time-wasting. Money was introduced to measure and exchange values in a more efficient manner. Throughout history, the underlying factor in wealth equation – value has remain constant since the days of trade by barter till today where more and more transactions are done through electronic money (intangible money). Meanwhile, it is important to note that during the era of trade by barter, we had both wealthy and poor people. You may want to ask, what made the difference between the wealthy and the poor since there was no money? The difference maker was the quantity of valuable assets they possessed which could be given out in exchange for what they need. It means that a wealthy man had more value to offer than a poor man. If that was the case, then, contrary to the general believe, Wealth can be equated to Value and not money.
You Need To Shift Your Focus
Since it is clear that how wealthy you are is a function of value you can offer, there is need to shift your focus from money to value. Your capacity to add value determines your earning capacity and consequently how wealthy you can be. Therefore, you need to focus your energy and attention on how to increase your capacity to offer more and more value. If money is a measure of value as well as means of exchanging value as defined earlier, it means if you want to have more money, you must generate more value. The principle is very simple, look for ways of adding more and more value to other people and you will surely make more and more money. Note that, “You can have everything you want in life if you will just help enough other people get what they want!” – From selling 101 by Zig Ziglar. Helping enough people to get what they want simply means adding values to their life. Adding value entails meeting their needs and solving problems for people. The key to abundant wealth is meeting needs and solving problems for people. Thank you for reading. Have a great week!
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