Money is a measure of value, right? That's what it says in the dictionary and that's what I've always believed. It represents value.
So, when we pay for something, we are exchanging something valuable (money) for another thing of equal value (the product). This is the marketplace.
So, people who make lots of money are more valuable than people who make a small amount of money, at least according to the marketplace.
A valuable person will be made rich, a worthless person will be made poor.
What is it that gives people value?
It's their skills! Skilled people rise up the hierarchy, unskilled people plunge into hell.
A skill is, to quote the dictionary, "a learned power of doing something competently".
Basically, think of a highly skilled electrician, telesales agent, admin worker, web designer, or whatever.
They have knowledge and the ability to apply that knowledge effectively. That is how they create value.
If I think about my city, Montreal, I realize how many highly skilled people live here. This is why they have more money than I do.
If I want to have money too, then I must absolutely pour my heart and soul into a skill set. There doesn't seem to be any other choice.
But once you reach adulthood, it is difficult to learn new things. The plasticity of youth is gone, and rigid middle age sets in. It gets harder to build a new skill set as you get older if you haven't created a good foundation during youth.
So, I think that many broke adults are people who did not build up a valuable skill set during youth, and who now have little to offer the marketplace, and who are struggling, due to decades of bad habits, to build a new skill set. This is why we tell kids to stay in school.
In addition, some of us have never had a natural talent, whereas others do have a natural talent. I've always been bad or mediocre at everything I've done.
This makes it even harder to make money, because even if I learn a skill set, I won't be able to compete with those who are naturally talented in the field.
There is a 20 year old who I follow on Twitter, Efe is his name. He has made lots of money with Clickfunnels. He cannot believe that there are people out there who cannot make a living online after six months of effort. He doesn't understand that he is naturally skilled. It is very hard to compete against guys like this.
What's the solution? I'm not sure. But I know for certain that you don't roll over and die just because there is a problem. You keep pushing for a solution.
So, when we pay for something, we are exchanging something valuable (money) for another thing of equal value (the product). This is the marketplace.
So, people who make lots of money are more valuable than people who make a small amount of money, at least according to the marketplace.
A valuable person will be made rich, a worthless person will be made poor.
What is it that gives people value?
It's their skills! Skilled people rise up the hierarchy, unskilled people plunge into hell.
A skill is, to quote the dictionary, "a learned power of doing something competently".
Basically, think of a highly skilled electrician, telesales agent, admin worker, web designer, or whatever.
They have knowledge and the ability to apply that knowledge effectively. That is how they create value.
If I think about my city, Montreal, I realize how many highly skilled people live here. This is why they have more money than I do.
If I want to have money too, then I must absolutely pour my heart and soul into a skill set. There doesn't seem to be any other choice.
But once you reach adulthood, it is difficult to learn new things. The plasticity of youth is gone, and rigid middle age sets in. It gets harder to build a new skill set as you get older if you haven't created a good foundation during youth.
So, I think that many broke adults are people who did not build up a valuable skill set during youth, and who now have little to offer the marketplace, and who are struggling, due to decades of bad habits, to build a new skill set. This is why we tell kids to stay in school.
In addition, some of us have never had a natural talent, whereas others do have a natural talent. I've always been bad or mediocre at everything I've done.
This makes it even harder to make money, because even if I learn a skill set, I won't be able to compete with those who are naturally talented in the field.
There is a 20 year old who I follow on Twitter, Efe is his name. He has made lots of money with Clickfunnels. He cannot believe that there are people out there who cannot make a living online after six months of effort. He doesn't understand that he is naturally skilled. It is very hard to compete against guys like this.
What's the solution? I'm not sure. But I know for certain that you don't roll over and die just because there is a problem. You keep pushing for a solution.