The definition of wealth

WEALTH

2. THE DEFINITION OF WEALTH
Ifyouwanttobe
wealthy,youmust
understand what
wealthis.
Hereisthebest
definitionofwealth
youwilleverfind.
Wealthis"Cashflow
fromothersources."

3. MAKE YOUR MONEY WORK FOR YOU
Whatthismeansisthat,
youarenotwealthyjust
becauseyouearnalotof
money.
Youareonlywealthywhen
yourmoneyworksforyou.
Tobecomewealthy,your
mainjobistoacquire
moneyandthenputitto
workmakingmoremoney
foryou.

4. ADD VALUE CONTINUALLY
Thekeytocreating
wealthissimple.
Itiscalled"adding
value.“
Successfulpeopleare
thosewhoarealways
lookingforwaystoadd
valueinsomewaytoa
person,acompany,a
productoraservice.

5. DO IT FASTER
Hereisanexampleofadding
value:Domino'sPizza.
ThefoundersofDomino's
Pizzatookacommonfood,
offeredbythousandsoflittle
restaurantsandaddedavalue
tothepizzabydeliveringit
morerapidlythananyone
else.
Theaddedvalueofspeed
enabledDomino'stocreatea
billiondollarempireand
madethefounderof
Domino's,TomMonahan,
oneoftherichestmeninthe
world.
Mr. Tom Monahan

6. BUY IT CHEAPER SOMEWHERE ELSE
Anotherwaytoaddvalueis
tobuysomethinginone
placeatonepriceandthen
makeitavailableinanother
placeforanotherprice.
Forexample,buyinga
product or service
manufacturedinEuropeor
Asia,importingittothe
UnitedStatesandmakingit
availabletopeopletowhomit
wasnotavailablebefore,isa
wayofaddingvalueforwhich
youcanchargeahigherprice.

7. IMPROVE THE LIFE OR WORK OF OTHERS

Allmanufacturingandmarketingis
basedonthisprincipleofaddedvalue.
Allimportationanddistributionaimsto
addvalue.
Performingaservicethatenhancesthe
lifeorworkofanotherpersonadds
value.
Adentistwhotakesawaypainisadding
value.Anaccountantwhosavesaclient
moneyontaxesisaddingoractually
creatingvalue.
Asalespersonwhointroducesanew
productorservicetoacustomerthat
helpsthatcustomerinsomewayis
addingvalue.
Allfinancialsuccess,especiallybusiness
success,isbasedonaddingvalue.
Itisbasedontheoldsaying,"Finda
needandfillit."

8. COMBINE AND RECOMBINE THE ELEMENTS OF VALUE
Allsuccessfulbusinessis
basedonsomeone
bringingtogetherthe
factorsofproduction,
suchaslabor,capital,
rawmaterialsand
management, and
creatingaproductor
servicethatacustomer
willpayapriceforthatis
inexcessofthecostof
producingit.

9. HOW ALL FORTUNES ARE MADE
Addingvalueisthewaythatall
fortunesaremade.
Whenever youseean
opportunitytogivepeople
whattheywantataprice
greaterthanitcostsyouto
producethatproductor
service,youseeanopportunity
tomakeaprofit.
Buildabusinessandbegin
movingtowardfinancial
success.
Almostanybusinessor
occupationcanmakeyou
financiallyindependentifyou
canfindawaytoaddenough
value.

10. ACTION EXERCISES
Now,herearetwoactionsyoucan
takeimmediatelytoaddmorevalue
toyourtimeandactivities:
First,takethetimetobeabsolutely
clearaboutwhatitisthatpeople
wantandneedtoimprovetheirlives
andwork.
Themoreclearyouareabouttheir
realneeds,theeasieritisforyouto
satisfythematahigherlevel.
Second,lookforwaystoaddvalueto
whatyouaredoingeverydayinevery
way.
Neverbesatisfiedwiththestatus
quo.
Onesmallideatoaddvaluecanbe
thestartingpointofagreatfortune.
ONE SMALL IDEA ******GREAT FORTUNE
Mr. Steve Jobs

11. WISH YOU GOOD LUCK IN ALL
YOUR ATTEMPTS TO BECOME
WEALTHY & RICH.
COMPILED AND PREPARED
BY
MR.P.BASKARAN
[email protected]
[email protected]