Friday, September 19, 2008

Getting Rich is an Exact Science

This is the second in a series of articles based on the teachings found in the success classic "The Science of Getting Rich", written in 1910 by Wallace D. Wattles. This book-now in the public domain--is essential reading for anyone who wants to become wealthy.

In the second chapter of "The Science of Getting Rich", Mr. Wattles explains that getting rich is a science; in fact, it's an exact science, like mathematics. That is, there's a series of principles or laws that govern the process of acquiring wealth, and once these are learned and systematically applied by anyone, that person will get rich.

Mr. Wattles refers to the systematic application of the principles or laws of becoming rich as "doing things in a certain way". He adds that once a person begins to think and act in "a certain way", that person will become rich. The "certain way" in which to think and act is fully explained in later chapters of the book.

The first law Mr. Wattles cites is the Law of Cause and Effect, which states that like causes always produce like effects. If you swing your golf club in the same manner as a professional golf player, you will get the same results as he does, regardless of who you are. To quote "The Science of Getting Rich":

"If getting rich is the result of doing things in a certain way, and if like causes always produce like effects, then any man or woman who can do things in that way can become rich, and the whole matter is brought within the domain of exact science."

People tend to think that the following are the causes of getting rich:

The environment in which you're currently working or have set up your business. That is, the neighborhood, town, city, state, or country in which you currently work.

How much talent you have or how smart you are.

Choosing a particular business or profession.

Doing things others fail to do.

Having easy access to capital.

However, Mr. Wattles explains one by one why these factors are not the causes of achieving wealth. Getting rich is not a matter of environment; there are countless examples of people working in the same business and in the same neighborhood, but one fails and the other succeeds.

If the environment were the cause of getting rich, everyone in the same state would be rich, while those in another state would all be poor. Although it is true that some environments or locations are more favorable than others, the environment is not the cause of getting rich.

Also, talent is not the cause of getting rich, for there are many talented people who are not wealthy, and there are many people with little talent who are very rich. There are many intelligent people, often with high education, that fail at achieving financial success, while there are many college drop outs who become millionaires.

Additionally, people get rich and people fail in every business and in every profession. It is true that you will do better in a business that you like, and if you have some well developed talents you will do better in a business in which you can apply those talents, but getting wealthy is not determine by the business or profession you choose.

Getting rich is also not the result of doing things others fail to do, for two people in the same business can be carrying out the same activities, but one gets rich and the other files for bankruptcy. There are a lot of hard working people whose lives are filled with struggle and who never manage to accumulate wealth.

In addition, a lack of capital will not prevent you from getting rich. You can slowly begin to get access to capital and, as you progress, the access to capital will become easier and faster.

For the reasons set forth above, Mr. Wattles concludes that the aforementioned factors cannot be the cause of getting rich. So, if getting rich is not a result of the factors discussed above, what does getting rich depend on?

Mr. Wattles explains that in order to become rich you have to do things in "a certain way", regardless of where you are, what business you're in, how much capital you have, or how talented you may be.

What you need in order to be able to do things in this "certain way" is:

Enough intelligence to read and understand "The Science of Getting Rich".

A willingness to interact with people to some degree.

Basic common sense; for example, don't start a salmon fishery where there are no salmons.

And, most importantly, begin to live in harmony with the laws governing the universe. These laws are explained in "The Science of Getting Rich".

Since like causes produce like effects, no matter who you are, where your business is located, or what your personal circumstances may be, if you act in accordance with the principles and laws that govern the process of acquiring wealth, you must get the results you're looking for. The cause is doing things "in a certain way", and money is the effect.

Mr. Wattles says to start where you are right now. Begin in your present business-or other situation-, and in your present location, to do things in a certain way which causes success. Begin right now, wherever you are.

Written by Marelisa Fbrega who blogs at http://abundance-blog.marelisa-online.com

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Top Ten Tips for Writing a Professional Overview or Biography

A professional biography or overview, showcasing your background, experience and expertise, is a necessity for every business owner. This often overlooked marketing tool is an excellent way to introduce you and your business to potential clients and possible strategic business partners. Potentially, it might open up opportunities for speaking engagements, radio or television interviews, or a feature print article. While any information about you and your business is helpful, information that is presented in a professional, well-polished manner can make all the difference in how others perceive you. Consider these important points as you craft your own professional biography.

1. One page wonder.

Your professional biography should be a few paragraphs and kept to one page or less. One page is perfect for copying on the reverse side of a handout or flyer. Several paragraphs, left justified make it easier to read and skim.

2. First, second, or third person?

Always write your biography in the third person. That is, refer to yourself by your name or she/he as appropriate. It sounds more professional as it appears that a third party wrote the text. For example, Alexandra has been featured in the New York Times, Forbes, Newsweek, and Time magazines.

3. Business in brief.

Not only do readers want to know what you do, but also they want to know who you work with because they might want to work with you! A professional biography should include a sentence or two about your business niche (or niches) as well as the types of clients you serve. A modified version of your 30-second elevator pitch might be perfect.

4. And the winner is.

Make sure that you include a list of awards that you have received. Readers are interested in knowing about your talents and the organizations that recognize you for them.

5. Organizations.

Include names of the organizations, clubs, or associations to which you belong. A readers interest might be highlighted at seeing that you belong to the same alumni association or professional business group. Again, these connections might possibly lead to some interesting and exciting business opportunities.

6. Certifications and designations.

Include any professional certifications or designations you hold. Make sure you write out their names in full, rather than use abbreviations. Not everyone might know that CMA stands for Certified Management Accountant. And, perhaps, in a different discipline, it might represent something else like a Certified Materials Analyst. If you no longer hold a particular designation, but it has played a major role in who you are and what you do, dont hesitate to make a reference to it. For example, Ann is a former Certified Data Processor and spent the last decade as an adjunct faculty member teaching higher mathematics at the University of Colorado, Boulder. Dont include abbreviations of college degrees, like MBAs as it looks unprofessional. The only exception to this would be for a Ph.D. designation.

7. Published?

Have you written any articles, books, e-courses or e-books? Self-published or not, your works add to your level of professionalism and credibility. Showcase them in your biography and you might earn additional royalties in terms of new clients or other opportunities.

8. Did I mention the media?

Have you been a guest on talk radio or television? Were you or your business featured or even mentioned in a newspaper article? If so, readers want to know. Again, these types of mentions add to your credibility and presence.

9. Call me any time.

People who want to know about you will read your biography for just that reason. And, if its compelling, rich, and includes the information theyre interested, in, theyll want to contact you. Include complete contact information like your title (if any), name, address, telephone, fax, email, and website address. Make it easy to find this information by including it in the last paragraph of your professional overview.

10. Write, rewrite, and do it again.

After you have written your biography, edit, edit, and edit again. You may need to do a dozen or so revisions before you get it just right. Eliminate extra words, use descriptive words, keep the sentences short but varied in length, and write in the third person. Ask some friends to provide input as well. Make sure to revise your biography regularly to keep it up-to-date and refreshed.

Copyright 2004 by Tara Alexandra Kachaturoff.

Tara Alexandra Kachaturoff is a business consultant, writer, speaker, Certified Guerrilla Marketing Coach and producer/host of Michigan Entrepreneur Television. Drawing on over 15 years of corporate experience, she coaches executives, professionals, and entrepreneurs on business and lifestyle issues and has been featured in print, radio and television. Her websites include http://www.virtualleverage.com, http://www.tarakachaturoff.com, and http://www.michiganentrepreneurtv.com

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