How to Develop and Use the Formula For Success For Profits
What is the formula for success? Simply stated, success requires the ability to recognize the factors or variables required to develop this formula. In simple logical terms, success can be viewed as a dependent variable which is influenced by the variation of a number of other variables that operate independently from each other. If I may get a little fancy here: suppose the general formula for success is expressed by some equation of the form:
SUCCESS = A + B * (CASH) + C * (KNOWLEDGE) --- {the term '*' means multiplication}
Where success is expressed as a probability that this event could take place, i.e., you will become successful; A is some contribution to this success due to relatively unknown events, such as economic-market conditions, psychological pressures, etc., B is the portion of cash's contribution to success (the more money you have at hand the higher the probability you will be successful), and C is the portion of knowledge's contribution to success, that is, the more you know about what you are getting involved with, the better equipped you are going to be in making the right decisions, and so on.
It is imperative that one recognizes the inter-dependence of cash and knowledge towards success. Also, their contribution has to be balanced. With too much cash (and too soon) and not enough knowledge, it is a matter of time before a probable success is turned into a possible failure. As this balance of cash and knowledge approaches "equilibrium", the probability of success rises.
Why then, you may ask, aren't enough successful people out there? It seems that there are only two simple ingredients that one needs in life in order to become successful, and one of them is knowledge. With so many people going to schools and gaining knowledge, you'd think that alone should produce a few more million...millionaires.
Well, here are some stunning facts for you. The IRS has used yearly estate tax returns to estimate how many people are worth $1 million or more and in 1962 they came up with 56,900 persons. By 1986, that figure had multiplied 15 times to 940,000. However, this comparison leaves inflation (the erosion of the purchasing power on the dollar) out of the picture. Stated differently, it took only $300,000 in 1962 to enjoy the purchasing power of $1 million in 1986. Thus, if we adjust for inflation, we get about 150,000 millionaires in 1986, which is about 1% of the US working population (those over the age of 16). If you take into account the fact that population has also grown, the bottom line is that the number of millionaires today, as a percent of the working people, is not much different than the number back in 1962. So what happened? How come with all the knowledge out there we can't get any more millionaires? Here is the reason for it. It is not just knowledge for money that makes people wealthy.
No matter how many development books you read, no matter how many money making programs you buy, one thing is forever true: wealth has to do with a particular state of mind, a condition which rings success to those few who learn how to use it.
One needs to understand a simple concept: Becoming successful and staying successful has to do with conditioning of the state of mind to make the right associations, connections, if you wish, so that everything one does point to one thing only: associating success with pleasure and not pain! To see this more clearly, imagine your brain being a muscle, just like your biceps; if you train your biceps you achieve a certain growth. It is the same with your brain: if you train your brain to think a certain way, you can condition your brain to think just one thing: SUCCESS! In this case, failure is not even an option.
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