The Third Principle of Wealth

After you know what you want and have a powerful reason to motivate you to get it, you must now satisfy the Third Principle of Wealth which is to ...

Have an Actionable Idea!

In order to create one million dollars, you must have an idea. In order to lose weight, you must have an idea. In order to do anything worthwhile in life, you must have some idea on how you would like to go about doing it. Without an idea to take action on, you are just a highly motivated person with strong intentions cemented into place.

"Lack of money is no obstacle. Lack of an idea is an obstacle."

~Ken Hakuta

Have you ever had a million dollar idea? I bet you have had at least one in your lifetime, but you may not have noticed it or seen the value of it because it was too simple. An important lesson can be learned from the Old Testament of the Bible about the danger of discounting simple ideas. In the 21st chapter of the Book of Numbers, we read the account of the Israelites being led through the wilderness by Moses when they are attacked by poisonous serpents and bitten. Moses prayed for the salvation of his people and he was instructed to create a brass serpent and raise it up on a pole for the whole camp to see. The promise was that everyone who looked upon the serpent would live. How many people do you suppose died because the solution seemed to simple and therefore they did not look?

There is incredible power and, yes, prosperity in a single, simple idea. Look at all the people who created wealth in history and see how it all started with just one simple idea.

Jack Canfield and Mark Victor Hansen had the simple idea of compiling inspirational stories into a book that they called Chicken Soup for the Soul

Mary Kay Ash had the simple idea of creating a company where women could utilize their skills and talents in the business world and be rewarded as equally as men.

Philip Knight had the simple idea of selling high-quality sports shoes at a low price and later the simple idea to use popular sports figures to market them. You may have heard of his company - Nike.

Michael Dell had the simple idea of selling computers directly to the consumer rather than through retailers.

Julie Aigner-Clark had the simple idea to create entertaining videos that educate and stimulate small children, thus giving birth to the Baby Einstein videos.

Jim Henson had the simple idea of using puppets with marionette features to create entertaining TV shows for children and adults all over the world. (Try saying "Muppet mayhem" ten times fast!)

J. K. Rowling had the simple idea to write a story about a boy who is sent off to wizard school and the world was enthralled by the magic of Harry Potter.

These are just a few examples of the countless examples of how people used the power of a simple idea to create wealth and joy, both for themselves and for the world. It all started because they had an idea and they took action on it.

"Ideas are the beginning points of all fortunes."

~Napoleon Hill

So, I ask again: Have you ever had a million dollar idea? Why, then, did you not take action on it? Come back tomorrow and I will shed some light on that mystery as well when we discuss the Fourth Principle of Wealth.