Saturday, December 8, 2007

CHAPTER 5: SPECIALIZED KNOWLEDGE:Personal Experiences or Observations (the Fourth Step to Riches)

- General knowledge, no matter how great in quantity or variety it may be, is of but little use in the accumulation of
money

- KNOWLEDGE will not attract money, unless it is organized, and intelligently directed, through practical PLANS OF ACTION, to the DEFINITE END of accumulation of money.

- Knowledge is only potential power.

- Before you can be sure of your ability to transmute DESIRE into its monetary equivalent, you will require SPECIALIZED KNOWLEDGE of the service, merchandise, or profession which you intend to offer in return for fortune.

- You may bridge your weakness through the aid of your “Master Mind” group.

- The accumulation of great fortunes calls for POWER, and power is acquired through highly organized and intelligently
directed specialized knowledge, but that knowledge does not, necessarily, have to be in the possession of the man who accumulates the fortune.

- First of all, decide the sort of specialized knowledge you require, and the purpose for which it is needed.

- As knowledge is acquired it must be organized and put intouse, for a definite purpose, through practical plans. Knowledge has no value except that which can be gained from its application toward some worthy end.

- Successful men, in all callings, never stop acquiring specialized knowledge related to their major purpose, business, or
profession.

- The HABIT of looking around, of observing how others get ahead, of seeing OPPORTUNITY, and of embracing it without hesitation.

- Both success and failure are largely the results of HABIT!

- The IDEA is capable of yielding an income far greater than that of the “average” doctor, lawyer, or engineer whose education required several years in college.

- The IDEA is the main thing. Specialized knowledge may be found just around the corner.

No comments: