Chapter 5: Specialized Knowledge Personal Experience or Observations (The Fourth Step Toward Riches)

KNOWLEDGE will not attract money, unless it is organized, and intelligently directed, through practical PLANS OF ACTION, to the DEFINITE END of accumulation of money.

Knowledge is potential power. It becomes power only when, and if, it is organized into definite plans of action, and directed to a definite end.

“Educate”: derived from the Latin word “educo” meaning to educe, to draw out, to DEVELOP FROM WITHIN.

Any man is educated who knows where to get knowledge when he needs it, and how to organize that knowledge into definite plans of action.

The accumulation of great fortunes calls for POWER, and power is acquired through highly organized and intelligently directed specialized knowledge, but that knowledge does not, necessarily, have to be in the possession of the man who accumulates the fortune.

Knowledge has no value except that which can be gained from its application toward some worthy end.

There is one weakness in people for which there is no remedy. It is the universal weakness of LACK OF AMBITION!

IT PAYS TO KNOW HOW TO PURCHASE KNOWLEDGE!

We rise to high positions or remain at the bottom BECAUSE OF CONDITIONS WE CAN CONTROL IF WE DESIRE TO CONTROL THEM.

Both success and failure are largely the results of HABIT!

There is no fixed price for sound IDEAS!

Capability means IMAGINATION, the one quality needed to combine specialized knowledge with IDEAS, in the form of ORGANIZED PLANS designed to yield riches.

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