Inspired by Chapter 7 of Think and Grow Rich by Napoleon Hill
Oh, this chapter…
A bit overwhelming – but, if enough folks get this one
from their head to their heart, it will change the
world! The moneymaking secret Hill mentions in the
Author’s Preface is splattered all throughout this
chapter.
Not just a semester’s course, but an entire college
degree could be based on the contents of Chapter 7. The
principles of ORGANIZED Planning are here, Yes – and
also the principles of LEADERSHIP, the TRUTH about
ECONOMICS, a major wake-up call and reality check, and
the SECRET OF MAKING MONEY.
Most people believe the treasury makes money…
NO!
The treasury makes CURRENCY – ink on paper and little
metal alloy disks with hardly any INTRINSIC VALUE, but
most of it is no more than electronic bookkeeping
entries in databases.
SERVICE is what MAKES MONEY! SERVICE gives currency its
VALUE. This is why Hill devotes the bulk of this
chapter to it.
Alright, what do gold and silver have in common with
apples? You are going to love this…
They, and all raw materials, are 100% FREE for taking!
Go find it… and it’s Yours.
Certainly gold and silver are rare compared to apples –
that just means they are harder to find.
You can grow Your own apples, and make all the apple
products I mentioned in the last chapter Yourself. Your
COST is Your TIME and Your EFFORT.
Pioneer families living on the frontier of wilderness
were completely self-sufficient. They built their
shelters with the materials they found, made their own
tools, furniture, clothing, toys, and gathered their
own fuel for their energy. They hunted or bred their
own livestock, and gathered or grew their own fruits
and vegetables.
They supplied their own entertainment too. They told or
acted out stories, sang and played instruments of their
own making, and created art.
The bottom line: All their raw materials cost nothing!
Their EFFORT made the stuff useful to them. Their
EFFORT created VALUE.
As more and more families gathered in a vicinity, folks
began to SPECIALIZE. As before, all the materials were
free – but they SPECIALIZED in the SERVICES they
performed, and the goods they PRODUCED.
Folks traded goods and bartered services, negotiating
the VALUE of each EFFORT.
As civilization grew more complex and folks more highly
Specialized, trading and bartering became nearly
impossible. A barber may have no direct use for the
services of an administrator of information technology
systems, for example.
CURRENCY was the elegant solution or, as economist Dr.
Walter E Williams calls it, Certificates of Performance
– evidence proving we have SERVED each other, and have
earned a claim against the PRODUCTS of our LABOR.
Hill’s example of the 20-cent breakfast for two (1937
price) is an excellent illustration of this. I could
travel, gather and process all the ingredients myself –
and enjoy my breakfast three years from now, or pay the
dime for the SERVICES of all those willing to do it all
for me – and enjoy breakfast today.
Without PRODUCTION, Currency has no VALUE.
Imagine this scenario: The treasury prints up a bunch
of currency and distributes it to all citizens – and
nobody has to do any work to earn it.
What, I ask You, could You possibly purchase with such
cash? No one is mining, farming, manufacturing,
transporting, stocking, or marketing. What is there to
buy?
I am told gold has intrinsic value due to its rarity –
but without PRODUCTION, what could I purchase with it?
Currency is backed not by gold, but by PRODUCTION.
Credit is issued on the PROMISE of future PRODUCTION.
Monetary systems function well until they become so BIG
that the negative energy of GREED sucks the systems
dry. Hence the meaning of, “The love of money is the
root of evil.”
Those gripped by the INSANITY of GREED destroy systems
for short-term gain in their electronic balance sheets.
Then they groan about the loss of purchasing power of
each unit.
All industries are connected, as are all currencies.
Weaken one, and all will fall.
When the ancient empires fell, the world did not end.
When the Roman Empire fell, the world did not end. When
the British Empire or the Soviet Union collapsed, the
world did not end. Things change – always do, but the
world goes on.
The cure is not replacing one BIG thing with another
BIG thing.
The cure is right here – the VALUE of our MINDS and
what we PRODUCE with them – and how well we LEAD in
SERVICE.
Quantity, Quality, and – above all – SPIRIT.
The SPIRIT of SERVICE is not PASSION. It is COMPASSION!
Wherever we SERVE and LEAD, there is HOPE.
Therefore I sign to You as always…
Your Friend and Servant,
Ken Klemm – Florida, USA
P.S. I cannot OUT-SERVE the UNIVERSE, for I am part of
it! As are You, my fellow Merchants of HOPE.
Originally published at 30DayMentalCleanse.info
Ken Klemm
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TRUTH CANNOT BE TAUGHT,
IT CANNOT BE BOUGHT,
TRUTH MUST BE DISCOVERED!
That is why, at Mentoring For Free, We Teach You HOW to
Think, Not WHAT to Think.
FREEDOM MEANS SEIZING OWNERSHIP OF YOUR MIND!