Exactly. It's redefining how money is acquired. To create a velocity of money flow into your direction, you have to HAVE what money is attracted to, and that is VALUE. Value is defined by NEED, DEMAND, or WANT.
Think of value/money relationship like a magnet: Value is the positive charge, money is the negative charge. Put the two charges (negative and positive) together and create attraction. The magnet moves and creates a bond.
Unfortunately, it the world of "money making" -- people approach money on a polarized basis; they attack money with a negative charge (I wanna make money! I wanna get rich!) and you know what happens when you inverse a magnet? You repel the two forces. Two identically charged magnets face to face will repel each other. This simple analogy (positive charge/negative charge) is why most people never make money. To attract money, you must reverse your polarity from negative (repel) to positive (attract).
(This shit is probably going into my next book if I have one... consider it a preview =))
Bingo.
True. This is why anyone who begrudges "rich people" they are actually begrudging value creators and job creators. Class warfare is nothing but an attack on the very people who create value in our world. I'd don't mind a billionaire moving into my town if he provides 1,000 great jobs. I love rich people because they advance our society via a value exchange. You don't get jobs from poor people.
This is why I'm not big on AM as a primary revenue driver, but a complement. For example, the affiliate ads at this forum are complementary- they aren't my bread-n-butter. It's the salt on the steak.
Au contraire.
If you buy a house in Phoenix, you bought it because you felt the market UNDERVALUED it. YOU saw value. When you buy a stock, you feel it is UNDERVALUED via its stock price versus its management and earnings potential. You are speculating on your ability to be a better determinant of value, and your ability to forecast value into the future.
When I buy stock options, I am making a value bet. I bet that the price will be valued higher or lower in the future.
If I sell naked RIMM calls, I'm saying "These call options are overpriced and worth selling: this company is valued too high - the price will be lower in the future"
Every action, or non-action is a value assessment.
When you purchase an undervalued house, fix it up, and rent it for $1000/mo, you are "creating" value. Your business is also high in the business of "assessing" value.
It will make you rich if you translate it into value that others can consume.
Any time you hear someone saying "money" -- replace the word with "value" -- that helps.
Similarly, anytime I hear a politician say "we must tax the rich" -- I replace "the rich" with "the value creators".
Sometimes value can be reframed just by presentation. This is the art of assessing value. (Like in finding undervalued stocks, real estate, etc.)
Buy something at Craiglist with one blurry picture. Take it home, clean it up, paint it, do whatever; take 10 High-Def photos and relist for more. You just reframed value.
