How Do You Create Wealth?

**everyday313** · 09-09-2006 04:24 PM

Hello,

The way to wealth is to create something valuable that has not ever existed before. This can be tangible or intangible, it doesn't really matter. All that matters is that it is valuable. What do I mean by valuable? I mean that it is valued by other people who are willing to exchange their own things of value in order to receive the benefits of what you have created.

One of the very best ways to create value is to solve problems. The world is full of opportunities to create value and wealth and these opportunities come disguised as problems. Look around you, opportunity is everywhere. There is plenty of abundant wealth just waiting to be created. What do you think?

**artdrops** · 09-09-2006 06:06 PM

simply put. I agree.

**Bestmiler** · 09-09-2006 06:21 PM

I agree. The problem is finding those opportunities.

**Drekken** · 09-09-2006 06:24 PM

Sometimes those opportunities are there right infront of our face, and other share them with us and all we need to do is follow a simple recipe or mimic a tested method . You don't always have to re-invent the wheel to do generate wealth.

**safronelectronics** · 09-09-2006 06:47 PM

i think the key is to think outside of the box to create something new that is valuable

**artdrops** · 09-09-2006 07:06 PM

I have a product idea that I know is in need. While it's not really re-inventing the wheel it is creating a better mousetrap so to speak. I've had the idea for a few month's now and have yet to see it in the marketplace after doing research. It is a product in the electronics field and have made a visual design of it utilizing my skills as a graphic designer, I have no idea how to create, manufacture or design the guts of the device to make it functional. I am fortunate enough to be living nearby ask plastics for shell/ or prototype manufacturing but does anyone know of a place where I can have a company design the circuitry, software etc. to make or bring this product to fruition?
- Jim

**TheIdeaMan** · 09-10-2006 12:54 AM

You guys just don't get it. There is money to be made out there. Go and get it!

Is anybody here following the 15kchallenge.com ???

This guy has challenged himself to make $15,000 in 30 days using only a $150 budget. His methods for doing this are info-product marketing(the same methods I explain in the free book in my sig)

everyday313, you are right, all you have to do is solve a problem

Bestsmiler, you are WRONG, the problem is NOT finding those opportunites. the problem is people that don't take action.

You know what the 15k challenge guy decided to write an ebook about to make all that money in 30 days??

ARTS AND CRAFTS!!! nuff said

-Chad

**akula** · 09-10-2006 02:13 AM

dude, you're just being weird

see a financial planner. put a plan together.

it's called money management. has nothing to do with "something valuable that has not ever existed before"

that sentence relates to opportunity selection in a very narrow field commonly termed private equity.

commercialising disruptive innovation (i.e. something valuable that has not ever existed before) is not only inaccessible to most people, but even when it is, I've lost count of how many billions have been squandered on these particular kinds of investments.

anyhow...no need for the introspective blah blah about creating wealth

just see a financial planner

Originally Posted by everyday313

Hello,

The way to wealth is to create something valuable that has not ever existed before. This can be tangible or intangible, it doesn't really matter. All that matters is that it is valuable. What do I mean by valuable? I mean that it is valued by other people who are willing to exchange their own things of value in order to receive the benefits of what you have created.

One of the very best ways to create value is to solve problems. The world is full of opportunities to create value and wealth and these opportunities come disguised as problems. Look around you, opportunity is everywhere. There is plenty of abundant wealth just waiting to be created. What do you think?

**akula** · 09-10-2006 02:15 AM

Originally Posted by safronelectronics

i think the key is to think outside of the box to create something new that is valuable

unfortunately, history joins wall street is vehemently disagreeing with you

newness, is a liability

unfortunately....it really sucks

I used to think that new is good, but it's not

**octoma** · 09-10-2006 02:57 AM

everyday313 I think you make a very good point. Most things that we value are items created out necessity, or what we individually feel is necessary at the time. We are more inclined to purchase an item(s) that we feel we need regardless of how stupid it may seem to others. For example I purchased an I-pod Video even though I had a cd player, SD card mp3 player and plenty of blank media to put my songs on. Why… F*** it man this thing is cool, I gotta have it, and as much as I tried to think rationally about my wants and needs, the more I found reasons why I need it (mostly vain and selfish). All of that is to say: there are billions of people in the world, some will need your product or service and some will simply think or trick themselves into wanting or needing your product or service (we aim to spend).