Should making wealth be the only reason a man a man desiring success work hard for?

Be better than before, than yesterday...

It would seem so that is why men franntically study hard, put up businesses, run for govt offices -  to be wealthy, wealthier than others, grandiously wealthier than others.  It would seem to be the only definition that men have for success -  to make and accumulate more money.

However that seems to be a dangerous purpose, and serves as a reason why the statement that money is the root of all evil is relevant.   Hence corruption, crimes become a byproduct of that sense of mission to accumulate wealth

This post suggests as others have been saying that our real purpose is to advance humanity.  To make a better world,  To make a dent in the universe.   

We exist for others.  We must discover our gift, cultivate it sharpen it and use this for the benefit of others.  That is why Buffett, the wife of Bezos, the founder of Duty Free, Bill Gates do nothing except to give away their wealth.  Harrison Ford bought a  USD 30 million, hospital for the benefit of the poor people

Our politicians our country leaders here think it is their mission to plunder and steal trillions of taxes.   They should go to jail...

Important learnings at MIT that makes their alumni entrepreneurs and CEOS - e.g you do not graduate alone!!!

Be better than before, than yesterday...

The author became a MULTIMILLIONAIRE.  Do you want to be one.  Just like him ?  (He became CEO of his company.)

I worked under one such grad when I became an EVP of Savings and Loan Assocation.   I used to hate him, but adjusted him and we became a friend in Land Rover club where we now show our own vehicles and as equals.  Learned a lot from him on leadership and management

Learning from MIT (an Ivy League School)

1.  Understand and love the system

 There were many hacks committed at the top of dome of MIT:   cars assembled on top, flags, and many more done by the students.  They beat the system and they had fun.

    You must love the system and then have fun.  You cant beat and hate the system.

(We have people who say we dont have system.

    Be even able to hack the system.  (Many do cross the line and become criminals.or our competitor)

2.  Firehose test.

    Students were exposed to loads of work that they cant seem to finish.   This develops ingenuity of what should          be finished.   You ask the question, how can I cope?

    It develops ingenuity.  

    1.  Time management

    2.  Prioritization

    3.  Cooperation and collaboration

    Effort  is NOT EQUAL TO  PURPOSE.

     Purpose is:

                 1  Impacful

                 2  Important

                 3.  Irreversible

   We have recruits who complain at slightest hint of hard work, and complexity

3.  Find the first principles

     Problems, challenges can be daunting.  Especially innovation.  Find the first principle.   Break down everything into basic parts.    And then it becomes easier.

     Steps:   Find   1.  Facts

                            2.  Aspiration (your goals)

                            3.  Do tests (experiments)

      Elon Musk used this in changing the business/rocket science.   He found out that

      single use rocket launches are very complex and expensive (NASA made it so)  and found out that rocket                  launchis only 2% of what NASA spends.  And from therEM built a multi million Space ex business

 4. Mind and hand approach

     Being practical.  Leave the academic and book part.  Do something practical

     FInd the MVP (Minimum Viable Product and improve on this)  An MVP is better 

     than no product at all.  You can improve a prototype but not on nothing.  Do it now 60% is better than doing it

     105% tomorrow

     Practice

     1    Building the product

     2.   Test

     3.  Go to the first principle

      At MIT they have a one month period where students do this to present to the VC.  And they end up owning new venures, financed by Venture Capital

  5.  You do not graduate alone even if you are the smartest guy in the room.  

      You need a team, you need collaboration. you need a mastermind.  though

     how smart you are.  John Maxmell term it as the Law of the Lid.  All of major

     discoveries and invention now are results of team effort.

     This idea makes you humble  and become less of pain in the ass. of others.    Your group becomes better

     and successful.   

Clarification of my purpose - making other people wealthy

Be better than before, than yesterday...

After reflecting on the clarification of life purpose (when there is no life purpose, you no longer find reason in living) I found it to be at the moment, MAKING OTHER PERSONS WEALTHIER   Going back to my lifes experience:

     1.  This post brought in zillions to our joint venture  partners:  senidng their children abroad for schools

           travel abroad, hospital bills  etc

    2.   We increased the salaries of our staff with as high as  P5,000 per month (due to wage increases                 andwe follow one salary scale for all regions all single business unit.   Thats about P60,000 a                   year and just 4 staff cost us a million a year;

   3.   Paying millions in Real Property Tax to Mun.

   4.   Having a multi million peso construction project  with contractors (though we are not DPWH)    

              P100M in SL

              P40M in Region 1.

         This is not to mention other contractors whom we paid, other land owners whose lots cost                        millions'  One in Region 1:   P40M, +   P3.7m.    In Rizal:    P60m, P15M then P15M

   5.  Encouraging former colleague to go into business themselves to also earn zillions.

   6.  Buying for a start four pieces of heavy equipment to mechanize our operations.   The cost is 7 numbers

   The former studes at MBA undoubtedly are now receiving bigger salaries and even profits if they go into ther own business

Tulungang yumaman ang iba, huwag maging suwapang

Despite all these I survive on P6,000 food allowance monthly.    Others daughters earn 10 times as much on the companies I founded

Consistency to a purpose and having a purpose counts/matters; being interested in purpose means continuing life and lengthening expectancy

Be better than before, than yesterday...

There are many formulas for success being mouthed.  Some say hard work, keeping your word.

Again in the Romantic Doctors, it mentions (and as I have read on how to be bilionaires,) it is constancy to a purpose.  Billionaires become billionaires by focussing on certain product or opportunity and sticking to this.

In the said series,  Teacher Kim said that purpose is  SAVING A LIFE.   (As for the SJ it is saving a soul)

Thus if you are surgeon it means keeping your scalpel sharper even when not operating.   (It means more practice in cutting through flesh, suturing a blood vessel  or operation on an animal sample.  Or the suturing.  Or studying videos on the operation.  

If you cant save lives it means you are not driving hard on your purpose.

You keep going if you stick and and think about your purpose.  For teacher Kim it meant collaborating with Prof Park to set up a trauma center.  It meant that to have the heart operation for the former chairman he wheeled and delt with the former chairman for facilities in current hospital (Ct scan machines) and grant for a future trauma hospital

Having a purpose being interested in it means you will continue being interested in living, even at a ripe age.  I stuck to maintaining healthy and biking. and forgot about my purpose for humanity      Forgot being spiritual and having such a purpose

Maybe I did not push hard for my purpose.  After being disappointed sending to college 30 scholars

(who were undgrateful) just donating 4 schoolrooms, and maintaining for five years:   rescue and fire fighting volunteer group, this post gave up.    Having a purpose not giving up.    All that matter was building a thriving business group,

I am even inspired to continue pursuing business career and goals to set up or finance a trauma center with DOH.  We had done before   A top line EMT system.   With com, vehicles, training supplies.  We tried to wrangle one with Sec of Health who became Senator Sec. Sen Juan Flavier and Sen Webb.  But we never got around this because of sons difficulty 

But if we become successful, we can retry.  Put up one in Rizal or Pangasinan. 

 

What is your purpose in life?

It is about getting better...

Myron Golden, a preacher, businessman, motivator, sales trainer says that it is the intersection of your passion and competence.

As is indicated in the scriptures and other religious books, our purpose in life is to find our gifts and use that gift in the service of others.   We live to GIVE.

Our purpose in life is to serve others;  to make others wealthy and rich first.   When we do that we can eventually be rich.

The law of the tide.  When the tide raises other boats, our boats too rise.

Seek ye first the kingdom of God, and everything will come unto you.

Are you a TRUE believer? From Brian Tracy - the greatest modern motivational speaker

This is about personal strategic planning.  Just like any strategy, you must determine your values and mission in life.  Without that you are rudderless, lighthouse less individuals, and just like the proverbial shrimp, the current will just carry you anywhere.

Having determined your sub objectives, you determine your programs, your action plans to arrive at your desired goals destination.

In my entrep class, I ask students to fill up a learning agreement, which is a personal strategic planning.  Before you run a business, you must steer first yourself to success and know you own strategy.