Master a Formula And then Learn a New One the Power of Learning Quickly

 Master a formula and then learn a new one the power of learning quickly

 

In order to make bread, every baker follows a recipe, even if it’s

only held in their head. The same is true for making money.

Most of us have heard the saying,

“You are what you eat.”

 I have a different slant.  I say,

“You become what you study.”

In other words, be careful what you learn, because your mind is so powerful that you become what you put in your head. For example, if you study cooking,

you then tend to cook. If you don’t want to be a cook anymore, then

you need to study something else.

When it comes to money, the masses generally have one basic

the formula they learned in school and it’s this: Work for money. The

predominant formula I see in the world is that every day millions of

people get up, go to work, earn money, pay bills, balance checkbooks,

buy some mutual funds, and go back to work. That is the basic formula or recipe.

 

If you’re tired of what you’re doing, or you’re not making enough,

it’s simply a case of changing the formula via which you make money.

Years ago, when I was 26, I took a weekend class called “How to

Buy Real Estate Foreclosures.” I learned a formula. The next trick was

to have the discipline to actually put into action what I had learned.

That is where most people stop. For three years, while working for

Xerox, I spent my spare time learning to master the art of buying

foreclosures. I’ve made several million dollars using that formula.

So after I mastered that formula, I went in search of other formulas.

For many of the classes, I did not directly use the information I learned,

but I always learned something new.

I have attended classes designed for derivative traders, commodity

options traders, and chronologists.

 I was way out of my league, being in a room full of people with doctorates in nuclear physics and space science.

Yet, I learned a lot that made my stock and real estate investing more

meaningful and lucrative.

Most junior colleges and community colleges have classes on

financial planning and buying traditional investments. They are good

places to start, but I always search for a faster formula. That is why,

on a fairly regular basis, I make more in a day than many people will

make in their lifetime.

Another side note:

In today’s fast-changing world, it’s not so much

what you know anymore that counts, because often what you know is

old. It is how fast you learn. That skill is priceless. It’s priceless in

finding faster formulas—recipes, if you will—for making the dough.

Working hard for money is an old formula born in the day of cavemen.