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How to “Think and Grow Rich”: Chapter 5 Specialized Knowledge

Some people have general knowledge and some the other one specialized knowledge. Guess which one is better? Actually none of them if you didn’t have a clear plan to use them for a definite goal.

How to leverage specialized knowledge?

In this chapter, Mr Napoleon talks about we can leverage our general and specialized knowledge to attract money. For him, your knowledge need to be: “organised, and intelligently directed, through practical plans of actions, to the definite end of accumulation of money.”. I’m also pretty sure that you’ve hear about the motto “knowledge is power”? Well it’s only potential power if you didn’t use it properly with a definite end with clear plans of action.

Man of education

To illustration his opinion, he talked about Chicago newspaper and Mr.Ford law suits.  He was asked by a lawyer to answer general knowledge related questions such as “Who was Benedict Arnold?” or “How many soldiers did the British send over to America to put down the Rebellion of 1776?”.

Mr. Ford then brightly reply “Why I should clutter up my ind with the general knowledge, for the purpose of being able to answer questions, when I have men around me who can supply any knowledge I require?”. In our days, general knowledge is easily accessible through the internet but still our school and societies required us learn these general knowledge to be considered bright.

The accumulation of great fortunes calls for power, and power is acquired through hilly organised and intelligently directed specialised knowledge, but that knowledge does not, necessarily, have to be in the possession of the man who accumulates the fortune

Our society and even ourself makes us feel inferior to other men like an “inferiority complexes”. The suggestion of Mr. Napoleon is to surround yourself with other bright people to organize and direct a “Master Mind” group of men who possess knowledge useful in the accumulation of money. By being able to have your own “Master Mind” group will helps you become a man of education rather than a simple educated man.

Purchase knowledge is investing in your success

First, you have a decide what sort of specialised knowledge you require and the purpose for which it is needed. Begin by the goal you aim to determine what knowledge you need. Then to acquire knowledge you have different sources:

  1. One’s own experience and education
  2. Experiences and education available through cooperation of others (Master Mind Alliance)
  3. Colleges and Universities
  4. Public Librairies (Through books and periodicals in which may be found all the knowledge organised by civilisation)
  5. Special training courses (Through nights schools and home study schools in particular)

For Mr. Napoleon, successful men or women, in all callings, never stop acquiring specialized knowledge related to their major purpose, business, or profession. Those who are not successful usually make the mistake of believing that the knowledge acquiring period end when one finishes school.

One successful tricks he used is paid training, as he said: “One of the strange things about astounding beings is that they valued only that which has a price”. It sure means that you’re not obliged to take paid courses but the only fact that it’s paid will make you more interested on taking this course than a free course. Personally, I prefer paid courses because I know that if I didn’t learn the course I’ll lose money on it. So I try to learn as much as possible to get the best return on investment.

“Anything acquired without effort, and without cost is generally unappreciated often discredited…”

I hope this lesson was interesting if you have any ideas or suggestions, let me know!

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