Can You Really Create Wealth?

To have wealth, you must possess something of value.  Different people value different things, so while one person may find wealth with money, another may base wealth on good health, and so on….

To create wealth, you must produce something that others consider valuable.  If they believe your product, service, or information is valuable, they will be willing to compensate you for it.

The key in developing a plan to do this, explains Paul Graham, successful programmer and language designer. “If you want to create wealth, then you should be especially skeptical about any plan that centers on things you like doing. That is where your idea of what’s valuable is least likely to coincide with other people’s.”

But on the other hand, you are much more likely to achieve mastery of something you love to do, but you must be completely objective about whether others want what you have to offer… you must find a match between the two.

In reality, you create value by fulfilling a need, desire, or solving a problem that another person has.  Because it satisfies a void, this makes what you offer invaluable to others.  The more content a person is, the wealthier they feel.

Wealth, like beauty, is in the eye of the beholder. To create wealth, you determine what others deem valuable, and create a way to give it to them.