Mindset Mastery 110 – Purchasing Power

A perceived lack of education is no excuse not to pursue wealth and personal prosperity and happiness. Indeed, it didn’t stop some of the most famous of the rich and famous, and the outcome is every bit as attainable for you, regardless of your starting point.

A Bounty Of Specialised Knowledge

Thomas Edison only had only three months of โ€œschoolingโ€ during his entire life. He did not lack education, and he did not die poor.

Henry Ford had less than a sixth grade “education”, but managed to do very well for himself financially.

Specialized knowledge is among the most plentiful and the cheapest forms of service that can be had! If you doubt that because of the high price of education, take a look at the payroll of any university.

It Pays To Know How To Purchase Knowledge

purchase-powerFirst of all, decide what kind(s) of specialized knowledge your plan requires, and for what purpose it is needed. To a large extent your major purpose in life, the goal you are working toward, will help determine what knowledge you need. Once you have answered this question, your next move will require you to have accurate information concerning dependable sources of knowledge. The more important of these are:

a) Your own experience and education
b) Experience and education available by working cooperatively with others (Master Mind Alliance)
c) Colleges and Universities
d) Public Libraries
e) The Internet
f) Special Training Courses (especially those available through night schools and home study courses)
g) Online classes, degree programs, and training courses

As knowledge is acquired it must be organized and put to use, for a definite purpose, through practical plans. Knowledge has no value unless the information gained is applied toward some worthy end. This is one reason why college degrees are not the only indication of value. On their own, degrees represent nothing but miscellaneous knowledge. It is only when that knowledge is combined with ambition, a good work ethic, and the ability to apply it to the job that the degree itself shows worth to yourself and others who might want employ you.

Perseverance Trumps Education

Put in this light, it is easy to see how it is so. No doubt if you think about it you’ll have a hard time disagreeing. The world is full of successes and failures, and many of them very intelligent, educated people. If that were all there were to it, we’d all be rich by now; but only those keen to act and achieve gain wealth in the real world. At that point education becomes more of a contributing factor for the “how” than an actual indicator of potential success.

Sean Rasmussen
Success Communicator
SeanRasmussen.com ยฉ 2004 – 2009

About Sean Rasmussen

Sean Rasmussen is a passionate blogger and has been a full time internet marketer since 2005. When he's not with his family, or dog Buddy, Sean is usually blogging or doing something related to the internet.


  1. Hi Sean,

    I have not been to Uni so I can’t say for sure if I’m correct but it appears to me that there are a lot of people even today who do not know where their studies will take them, or what they will be doing for a job after they finish Uni. This has always amazed me but there must be some logic in it that I don’t understand because I have not been to Uni.

    • Hi Jill,
      I think a lot of people go to Uni
      a) because they have been told to do so
      b) because they have no idea what to do after school
      c) because their friends go

      The ones that go because they really are interested and passionate about the topic they are studying are the ones that really gain and education and not just knowledge. Just my opinion ๐Ÿ™‚
      .-= Renee´s last blog ..Motivational Music =-.

      • This is all very true, Renee, at least as far as I know. My best friend, for instance, went to university to be a certain profession and when she couldn’t get into that field she quickly decided on another. After that was complete she began taking more courses just so that she wouldn’t have to go out into the work force. It seems she’s scared, to me, to finally put her degrees to work and see what she comes out with.

        Our government makes it easy for these students as their loans are not required to be paid until you’re officially out of school and working. Their decision is to not have to make a decision at all but to remain in school as long as they are granted loans large enough to pay for the next course.
        .-= Sarah Butland´s last blog ..You Are the Reason I Know It Will Happen =-.

  2. Jazz Salinger says:

    Hi Sean,

    I tend to think that education is important but I agree that there are lots of different ways to educate yourself. Neither a formal education or street smarts alone are a guarantee of success.

    I agree that it’s all about having a plan and being clear about the kind of knowledge you need to make that plan a success. You must be able to apply the knowledge.

    But, you also have to be persistent and have complete faith that you can be successful.

  3. Oprah is quoted on wikipedia for saying that she got frustrated visiting (inner-city) schools in the US because of the sense that you need to learn just isn’t there. She compared that to the thirst for knowledge that kids in South Africa have for an education.

    Education is a basic right we all have, yet in some parts of the world it’s a privilege. Education certainly isn’t the whole picture, but it’s a crucial initial step to success.
    .-= Lina Nguyen´s last blog ..How to make comments online and build your online persona =-.

  4. I think we really have to make this differentiation between “knowledge” and “education” as Hill does in a previous chapter.
    And in regards to achieving what you want I think persistence and passion can make up for a lack of knowledge. But a lack of passion and persistence is not compensated by lots of knowledge.
    .-= Renee´s last blog ..Motivational Music =-.

    • Hi Renee,

      You’re right; persistence and passion can make up for a lack of knowledge. Besides, we need to know what kind of knowledge we need to be successful and that’s something different for each of us.

      We need to be clear about what our dream is and then educate ourselves accordingly. We have to be willing to take action and keep persisting until we achieve our goals.
      .-= Jazz Salinger´s last blog ..Finding Your Passion =-.

      • Hi Jazz,

        unfortunately we are not taught at school about the importance of our dreams and no one helps us to find the knowledge we need to achieve our real goals. Instead we learn something that promises a lot of money.

        Luckily we can continue to learn new things all our life and hopefully figure it out sooner or later that we can realize our dreams – we just have to get going ๐Ÿ™‚
        .-= Renee´s last blog ..Self Improvement โ€“ 25 Self Motivation Quotes =-.

        • Hi Renee,

          I have come to think it’s a great tragedy that we don’t teach our children to follow their dreams. I’m still learning to pursue mine. I’ve always been so busy taking care of my responsibilities that I didn’t even consider doing something I felt passionately about.

          Luckily though, life is for learning and I’ve learned that following your dreams is the only way to live your life. I am very grateful to belong to the YOTA forum. It’s changing my life.
          .-= Jazz Salinger´s last blog ..Finding Your Passion =-.

  5. Hi Sean,
    One thing also I have noticed that if knowledge is acquired that is not used within a fairly short space of time it ends up being a waste of time and money learning – due to the fact that if not used it is forgotten very quickly.

    I have even noticed this during the short time learning IM. If I don’t use a newly learned skill regularly it is replaced by something else until I come across the learning and pick it up again.

    It’s all very interesting.
    .-= Jill Brown´s last blog ..Common Law Marriage โ€“ What is Common Law Marriage? =-.

    • Very true Jill – unfortunately.

      I guess though that it is a bit like riding a bicycle – once you have really mastered it you will not forget everything, but you definitely loose the ease in doing things that you don’t practice.

      So it’s good that Sean makes us practice and practice and practice …. ๐Ÿ˜‰
      .-= Renee´s last blog ..Self Improvement Books โ€“ What Are Your Favourites =-.

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