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How To Create Wealth From Nothing? Start Creating Value. - Business - Nairaland

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How To Create Wealth From Nothing? Start Creating Value. by Lzjinspired(m): 9:30am On Jun 14, 2020
recently stumbled upon a revelation, and it became a life changing experience ever since. The key to creating wealth is absolutely being able to create VALUE or becoming VALUABLE. Confused? Then follow this to the end.

In the game of life, the common denominator of our most desired needs amongst others, is to be termed successes. We endeavor to have successful careers, build successful businesses and even successful families. More than anything else, we simply want to live the good life. In other words, we aspire to positions where we can rake in the big bucks like the Gates and Zuckerbergs of this world. But the most daunting question that begs to be answered remains; " How can I achieve this feat," "How did they do it."

If experience is anything to go by, then it is evident that being successful or attaining peak performance isn't a regular walk in the park.

You can agree that achieving set goals in both business and career endeavors has become increasingly demanding due to the near market saturation with brands, products, services and the like, otherwise known as competition. Most claim to understand what it takes to move from a point of discomfort to that of comfort. This in most cases, doesn't offer the desired outcome. In fact, social media has made it easy to lost after luxuries that seem unattainable.

It is also common occurrence that scores of individuals flood the internet searching for the elusive secret that separates the wealthy minority from the majority living in lesser conditions. It isn't surprising therefore, that a large percentage of people set goals and fail at reaching them. And when you take into consideration that many people set these goals with an "easily attainable" mindset, it becomes evident why so many fail.

Before we proceed, i should make it a point of note that; a desire to amass wealth the easy way, is rather futile. To put this into perspective, nothing is inherently "easy". True success come from diligent work.. There has to be a certain amount of effort that is put into achieving great results. Like the sayings goes; Extraordinary results require extraordinary effort.

Lets now proceed to the topic of discourse... Shall we?

It is no secret that there is always demand. Consequently, there must also be supply. Take for instance that Mr A desires a brand new car( this desire underlies a NEED) while Mr B says he can offer a brand new car to Mr A( Mr B SATISFIES Mr A's need). Here we can safely say that; Mr B presents VALUE(or became VALUABLE) to Mr A. Because Mr A's need constituted a problem, and Mr B was able to solve it. Therefore Mr B possessed value

The operative word in the above, is VALUE. The concept of Value posits that: Only the market decides what is valuable to it, and when it recognises the value you possess, it pays you for it. Take for instance a cleaner that is paid 10x amount of money, and a Manager that is paid 50x amount of money. Both offer value, but the cleaner is paid way less cause his position can be replaced easily and the other, not so easily, thereby making him less valuable relative to pay. So the key to creating wealth, is creating value; perceived value.

Another component of the concept is that; money is exchange only when there is perceived value. For example, when you decide to purchase an item, it is only because you have perceived that the said item would fulfil some need, meaning you consider it valuable. In other words, when there is a problem, whoever provides solution to that problem, possess value and then money is given in exchange for the solution. So if you can solve a million dollar problem, you're going to be paid a million dollars.

In lieu of the above, it is safe to conclude that: most of life's endeavors requires value. The higher the value, the higher the demand; and the higher the demand, the more the income generated.

YOU MAY ASK HOW YOU CAN CREATE VALUE.

The best case scenario, is knowing what constitutes VALUE and what that "VALUE" means to the target MARKET. However, this can only be achieved by paying attention to what needs people are echoing around you everyday and finding solutions to these specific problems. To increase your perceived value, you have to be able to solve problems.

To understand more, i will be writing follow up articles on various components of this concept such as:
Time
The Market
Effort
And Execution.

In order not to miss out on other inspiring contents kindly follow this account. Also, you can follow us on Instagram: @Lzj_inspired.
And you can contact us via mail: Lazojnr@gmail.com

DISCLAIMER: Was inspired by the works of MJ demarco, author of the "Millionaire Fastlane and " Unscripted ", as well as my own opinions and observations on how society works on a monetary level.

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