Today, I am going to illustrate to you, one key formula, that I subscribe dearly to, which I will termed it here as “The Rules Of Wealth“.
It is a formula that I adhere to, and one that have helped me in my daily life.
The Formula is
Wealth = Effort X Time X Scalability
Most of us believe that in order, for us to attain more success, we have to put in more EFFORT.
…or we have to put in more TIME.
Of course, all these will variably increase your probability of success.
You put in more effort, you get more results.
You put in more time, you get more results too.
One element, that I will like to introduce here is called, “Scalability”.
Let me illustrate…
Example, if you are a tuition teacher.
You can teach, one student at a time.
However, in order for you to make more money, you can definitely have more teaching slots, devote more time, or increase the hourly rate you charge by introducing some unique teaching experiences.
Yet, you still have so much LIMITED time and so much LIMITED energy.
Wealth = Effort X Time X Scalability
By applying the formula above, perhaps you can
1) Write a book on accelerating learning techniques, so that your book can reach the mass
2) Teach a class, consisting of MORE students, instead of personal tuition
3) Have a blog, where you can communicate your messages with thousands of your students and parents instead, one on one.
4) Delegate your work to the experts. Instead of doing all the administrative yourself, delegate all these work to others and concentrate fully on giving value to the mass.
Yup…. So, today’s formula.
Wealth = Effort X Time X Scalability
Think, how you can use this formula in your job, in your business or even in your life!
Enjoy! 
22. December 2008 at 8:51 pm
Mr H,
Fantastic post by the way.
I agree with you totally! And that is one of the ways to multiple your income! (: