The Universal Law for Becoming Wealthy

Earning money has nothing to do with age, formal education, gender or geography. It has nothing to do with past experience or your formal years of education or your level of intellect.

There are individuals who are functionally illiterate who have become multimillionaires, while there are others who are absolutely brilliant and they are broke. Virtually anyone can be taught how to earn millions of dollars and yet the sad truth is that 97 out of every 100 people are born, live their entire lives, and die without ever learning how to earn money. To perpetuate this ridiculous problem, their ignorance is passed along from one generation to the next.

Our school system has been designed as an environment to enlighten young minds, to replace ignorance with understanding and ultimately improve the quality of life. And though our educational system has obviously been successful in many areas, it has woefully neglected one important subject, ''How to Earn Money.''

Learn More To Earn More

We are now in the knowledge age.  Today, the chief factors of production are knowledge and the ability to apply that knowledge to achieving results for other people.  Your earning ability today is largely dependent upon your knowledge skill and your ability to combine that knowledge and skill in such a way that you contribute value for which customers are going to pay.

The Law of Three says that you must contribute three dollars of profit for every dollar that you wish to earn in salary.  It costs a company approximately double your salary to employ you in terms of space, benefits, supervision, and investment in furniture, fixtures, and other resources.  For a company to hire you, they have to make a profit on what they pay you.  Therefore, you must contribute value greatly in excess of the amount you earn in order to stay employed.

To position yourself for tomorrow, here is one of the most important rules you will ever learn: “The future belongs to the competent.”  The future belongs to those men and women who are very good at what they do. It used to be that you needed to be excellent to rise above the competition in your industry.  Today, you must be excellent even to keep your job in your industry.