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Money: An Idea backed by Confidence

admin — Fri, 23 Jul 2010 22:03:44 +0000

MONEY: AN IDEA BACKED BY CONFIDENCE

It has been discovered some time in the 1960’s that the inability of a person to define the words or symbols of a language or a subject makes the full understanding of that language or subject outside the grasp of a person. A person will be unable to fully understand and grasp how to control that subject fully, making him or her appear dull or even stupid on that particular subject. For example, a person who is working in a workshop who does not know what a hammer is, when asked for a hammer by one of his colleagues, might guess at what it is and present a screw driver to his colleague instead. We use words to describe concepts of the world around us, hence not knowing the concept fully can hinder person’s understanding of the world around him or her. So not knowing the definitions of words or symbols closes the world off to one to some degree. An obvious example of this is when people near you are speaking a language which you don’t understand – you hear that they are speaking alright, but the words seem to be a stream of “blah blah blah…” which you don’t really “hear” because you don’t understand it.

This principle can occur with any subject whether you are just learning it or whether you have learnt it in the past, but had words you didn’t fully understand. Where else could such principle apply? Well, for now and the purpose of this article how about the subject of money?

Money! We use it every day in almost every aspect of our lives. Every business is driven by it and many times in our society we judge success by it.

It could be the solution to many problems or the stumbling block of a person, group, business or nation. There are many analysts who teach of the best ways to manipulate it and how to make more of it. It drives some men to great heights in pursuit of it, and shoves others still to great depths of depression and apathy in search of ways to make it and reach it, with little success. It seems to be the major cause of stress and the objective of many to attain more of it.

But, what is it? Is it paper bills with heads of state printed on it or coins made with cheap metal with a coat of arms on one surface? Perhaps. However, using the above reasoning maybe there could be something more to know. Do you know the definition of money, to start with?

DEFINITIONS OF MONEY

Here are some of the most widely accepted definitions. Money has been defined as:

“Anything that serves as a common medium for exchange in trade, as coins or notes”. Money is a good (product) that acts as a medium of exchange in transactions. Classically it is said that money acts as a:

a.    unit of account,

b.    a store of value, and a

c.    medium of exchange.

Most authors find that points 2a and 2b are nonessential properties that follow from 2c, above. In fact, other goods are often better than money at being stores of value, since most monies degrade in value over time through inflation or the overthrow of governments.

THE LESSER USED DEFINITION

There is another definition of money that few people are aware however or at least that many of the dictionaries are unaware of. It is a definition that I discovered whilst reading a text on the subject of money. The definition is that:

Money is an IDEA backed by CONFIDENCE.

Let us have a look at it from that viewpoint and see if it’s workable. In fact, we could even put this into a very simple formula:

Money = Idea X Confidence

OR

$ = I X C

THE FORMULA

$ = I X C

As stated earlier, in order to understand a particular subject it is necessary to define the terminology being used within it.

So, an idea can be defined as, any conception existing in the mind as a result of mental understanding, awareness, or activity. We can assume then that any concept derived from the above definition is an idea which could potentially equal money when coupled with confidence. Right? Let’s take a closer look at this.

An idea could be something subjective, an idea about the subject of money itself, which a person holds to themselves and which then manifests itself in how they experience money. As an example, a person who has the idea that they never have enough money and believes this (has confidence in this idea) will always seem to have just that amount of money- never enough. A person who holds the idea that money isn’t easy to make and has confidence in that idea will experience that money isn’t easy to make. A person, who has the idea that they have plenty of money for what they need and want and believes that, will have that experience of money and so on. However this subjective view only makes it possible to obtain an objective view. How?

An idea could also be objective regarding other things besides money, where an idea about the physical environment for instance could be translated with confidence into it monetary equivalent. Such an example would be the idea of producing affordable motor cars so that every family in America could own one. That was the idea behind Henry Ford which he made a reality by establishing the Ford Motor Company and simultaneously developing the nation’s trust in the reliability and the need for motorcars and that they could afford it. That idea along with the confidence he inspired made him a fortune.

Another idea was that of a new dark weird substance, a failed attempt at a medicinal mixture, which was taken and slightly altered and sold as a drink to quench any thirst. That was the story of the beginning of Coca-Cola. An idea that there was such a substance that tasted so different compared to the thirst quenchers that existed around that time and that it actually did quench a thirst and tasted good was something that began Coca- Cola on its way to becoming a multi- billion dollar brand.

Any idea that any person could possibly have could be interpreted and could possibly be a source of money if it had the second component of this equation added to it. Each part of the formula is vital for the completion of the formula just as one might have eggs, flour and sugar each separately existing, but in order to have a cake one would need them to be mixed in the proper ratios to make a mixture which when baked would result in the final product of a cake. All these elements exist as very separate items, but joined together we have a new substance – a cake.

The second part of the formula is Confidence.

Confidence can be defined as full trust; belief in the powers, trustworthiness, or reliability of a person or thing. So we can again assume that confidence, belief in the powers, trustworthiness, or reliability of a person or thing could potentially equal money if it is backing an idea.

Confidence can also be viewed as both subjective (Internal) and objective (External).

In the case of a subjective viewpoint, if a person has confidence in themselves and their idea of themselves then we find that this factor would increase the persons influence and ability to earn and any particular person would earn more the more his confidence grew since usually so would his abilities and confidence in those abilities. Conversely a person would generally have less money if he or she had very little self confidence or belief in their idea of themselves.

Taking an objective view of confidence we would see that confidence would be the belief in a thing by a larger amount of people than just one. It could be the facts that can be proved and can be agreed upon broadly by a group of people and thus fully trusted
because one and all have seen it working and have no or very little doubt as to its trustworthiness or reliability. An example of confidence in something is in the idea that if you were to throw a ball into the air, you would expect that the ball would come back towards the earth’s surface again due to gravity. One can experience this easily and has confidence in this.

Another example would be if you light a match it generates light and heat. You would have confidence in it because it is something you have observed and can therefore trust and other people can experience the same thing if they too struck a match. Then we have agreement that something would do a certain thing and that becomes trust and confidence in it.

            The last part to this equation is the “=” (equals) sign. The definition of this is that one thing is equal to another. So money would theoretically be equal to the idea and the confidence in that idea. It also shows an exchange factor. There must be something for something, money for an idea backed by confidence, in this instance. There is no such thing as Something for Nothing. The something could be anything, in this instance we speak of money, but before money we had the barter system. An example of the barter system would be Joe gave Thami four chickens in exchange for ten loaves of bread for instance.

ALTOGETHER NOW!

We’ve established what Ideas are and what Confidence is so far and with that we take the next step of putting them together and seeing what we get.

The idea of supplying food to people is an idea which is backed with the confidence that people need to eat and also the confidence that people want to eat a particular food. The exchange of the product of food in our model would be money.

You might have noticed that it becomes easier to have confidence in those ideas of things that are easily proven or agreed upon by people. That we need to eat as human beings is obvious to virtually all people. It is an idea – a very widely agreed upon idea at that, and supermarkets, restaurants, farmers, etc take advantage of that idea to exchange their relevant products for money.

People flying between places was not possible in 1801 so the amount of confidence that you would have to have in some such idea would be enormous to earn any amount of money from it. That is why it didn’t produce any financial reward for anyone at that time.

The amount of money produced becomes a factor, but this is a matter of magnitude and will equal the magnitude of each of the components of the formula. The greater the idea of value that a person has of something the higher the amount of money that can be potentially made if there is some degree of confidence backing it up. Such an example could be the idea of having really fancy sunglasses. The idea of having fancy sunglasses of a particular name brand might have a high esteemed value and thus a sunglass manufacturer appeals to these people and generates the confidence that his product can trusted and delivers something that a person can trust. The idea could be that the sunglasses provide better protection from UV rays or perhaps it delivers the image of wealth and success.

The exact ratios of ideas and confidence to money have not at this time been factored in, but suffice it to say that these are the component factors involved in money generation. They have been known for many generations and were covered in texts like Napoleon Hill’s bestseller, “Think and Grow Rich”. The above definition was introduced to me while reading a text on “Money” by Lafayette R. Hubbard, a modern philosopher and has given me a basis from which to operate with more confidence in this particular economic climate. Try it out and see if it works for you in your business or activities that you are engaged in, by using an idea and backing it up with confidence. An example could be, by keeping your business policy on delivering when you promise (idea) and actually delivering, thus building confidence in your clients that you can be trusted (confidence). The number of ways that this formula can be manipulated is endless. Think of examples where you’ve seen the formula being used and the results it produced and use it to contribute to a more stable and affluent future for you and the economy.

By David Janneman inspired by Lafayette R. Hubbard and Napoleon Hill

How To Uncover The Best Home Business Ideas

admin — Fri, 25 Jun 2010 23:52:37 +0000

Ideas are a dime a dozen. But some ideas are truly the best home business ideas. These ideas are ideas as big as Microsoft, and some others are a little more modest. Ideas come in all shapes and sizes, but the truth is that you could be sitting on the best home business ideas. In this article, you will uncover them!

Your mind is a rich reservoir, and in this reservoir can be found ideas which can make you your fortune. Not all ideas are alike, and some truly are ideas that can be the best home business ideas, while others are not. You will need to be realistic when looking at these ideas.

Often people will mistake ideas. They will think that all ideas are the best home business ideas. But the truth is that we need to analyze them properly. One thing is for certain, you have the best home business ideas.

So, what happens when you don’t have an idea? The truth is that now you can look for other peoples home business ideas, also called home business opportunities, and from there go on to make money.

There are many routes, but if you have your own idea, how do you know if it really is the best home business idea? The answer is supply and demand. Any product that is in demand and has a supply is needed.

For example Microsoft did not create something new, he just supplied something differently. When IBM made personal computers, they were just modeling other types of computers.

The biggest problem that makes ideas less than the best home business ideas is that the person who thinks these ideas will usually try to reinvent the wheel. The best home business ideas are those that are an improvement of the wheel, rather than a new invention.

The internet may seem like a new idea, however, the truth is that it took paper and made it digital! NASA put satellites into space earlier than satellite television became available to the masses.

This is how the best home business ideas are found. These are home based business ideas that have been thought through, and seen to have already existing appeal.

Sometimes these ideas don’t bare fruit. This is part of life, and we can’t expect every idea to be a hit. However, in searching, you can find your own idea which is an improvement over an existing one.

So, why aren’t I telling you to be a trend setter, an innovator, a pioneer? Because history tells us the statistics. People who become pioneers often don’t get that invention of the planning stage into major success.

How to Turn your Dumb Idea Into a Million Dollars

admin — Sat, 15 May 2010 03:00:54 +0000

Have you ever had one of those sure thing, definite, without-a-doubt million dollar ideas?

You know, the kind of lightbulb-over-the-head ideas that you just know without a shadow of a doubt will change not only your life but also the lives of everyone you share it with?

And yes, as its name suggests, will net you millions upon millions of dollars as your ‘just reward’ for being the clever-clogs who was bright enough to think of the idea in the first place.

I’m sure you have.

After all, we’ve all had these ideas haven’t we?

Maybe for you it was an idea for a book that would solve a pressing problem face by the masses.

Maybe it was an award winning script for a life-changing movie or play that would impact upon an entire generation of people.

Maybe it was an idea for new invention or some new technological widget that would change the entire face of industry for the entire planet.

Maybe it was none of these things.

Maybe it was all three!

Regardless of the specifics though, I’m pretty certain that you, like everyone else I’ve ever spoken to, have experienced ‘million dollar idea syndrome’ at some point or another and said to yourself “Wow! This could change EVERYTHING!” right?

And then what?

I mean, what happened next?

Did you wake up one morning a year or so later in the home of your dreams with a bigger bank account and a book, film widget or invention accredited to you or did something else happen?

Did you find that shortly after thinking about your million dollar idea that you, like many others, relegated it to ‘dumb idea’ status?

Did you find that, rather than it being as simple or as straightforward as it seemed when you first thought of it, that it had now seemed far more complex and full of problematic barriers and obstacles that are, at least to you, bigger problems than you’re capable of solving?

If your answer to the above question was ‘yes’ and you’ve often found yourself not actively pursuing your million-dollar idea then you’re certainly not alone. In fact, most great ideas end up in the trash, unactioned and unused by those who originally thought of them.

Then something strange happens.

Some time after you’ve discarded your ‘dumb idea’, maybe a month, maybe a year or maybe even 10 years later, you see your idea brought to life by someone else.

Not just ‘like’ your idea but exactly the same in every single detail.

And not only is that person using your idea, THEY are making millions from it!

Ever had this happen?

I certainly have!

In fact, I’ve lost track of the number of million-dollar-ideas that I’ve had ’stolen’ over the years as a result of my inaction yet, as I watched each one brought to life by someone else, I learned a little bit more about how to make sure that my ideas and the wealth they create could remain mine rather than being credited to someone else.

I’m now at the point where not only do I have million-dollar-ideas on a regular basis but that each of those ideas actually puts money into my bank account rather than someone else’s.

Want to know how you can have this happen for you?

Ready to learn the number one ’secret’ for generating success in pretty much ANY are of your life faster than most people would ever believe?

It can be summed up in one single, solitary sentence.

Ready?

The energy is NOT in the idea; it’s in the execution.

Read that again, it’s important.

The energy is NOT in the idea; it’s in the execution.

Not what you wanted to hear was it?

You wanted a ’secret’ or ‘magic pill’ that would miraculously bring your ideas to life didn’t you?

Well, I just gave you the ONLY true secret (though it’s not a secret at all!) to making your ideas into millions.

The energy is NOT in the idea; it’s in the execution.

Thinking of writing that book or that play or that movie won’t get it written. Only the physical act of writing your thoughts onto a sheet of paper, even if only one page a day, will bring your idea to life.

Thinking of creating your new ’super-widget’ won’t get it built. Only the physical act of writing down your ideas, drawing your sketches and having a prototype made will bring it to life.

Thinking of new and powerful ways to end disease, bring about world peace or making people happier won’t change a single thing for anyone. Only action can accomplish any of this.

So, again we have confirmation that the energy is NOT in the idea; it’s in the execution of that idea.

It’s about taking action.

So, next time you’re tempted to dump your ‘dumb idea’ in the trash, don’t.

Instead, commit to taking one single, solitary action step toward bringing it to life.

Once you done that, carry out another step, then another and once you’ve done that take another still.

When, and only when, you do this does the ‘magic’ happen and you’ll finally see your million-dollar-idea come to life.

Will it ALWAYS work to generate your million dollars?

Of course not! You know I’d be lying if I said it would and, besides, you simply wouldn’t believe me.

But I do know this; commitment to executing your ideas is the ONLY way to even come close to becoming successful and is a far surer bet than any other way you can think of!