Answer Posted / hikaru ito
Have you ever wondered why some people seem to get rich
easily, while others are destined for a life of financial
struggle?
Is the difference found in their education, intelligence,
skills, timing, work habits, contacts, luck, or their
choice of jobs, businesses, or investments?
Is there a "money and success blueprint" out there?
There is some great discussion in response, but one reply
in particular made me stop and think. One person put forth
the following hypothesis:
1.Time is money
2. Knowledge is power
Physics says “Power = Work / Time”
so...
Knowledge = Work / Moneyand therefore...
Money = Work / KnowledgeWell this didn't set well with me.
This leads to the conclusion that the more you know, the
less money you make, and that the only way to get rich is
via hard work. This is simply not true empirically.
My hypothesis goes more like this:
Money = Work *
KnowledgeThis just makes sense. Either knowledge or work
increases the money you make. If either of them approaches
zero, though, so does your income.
So let's go with this for now. We'll also take the law of
physics as a given, so that gives us...
Money = Power * Time *
KnowledgeThis rings very true. Money is power and knowledge
applied over time.
So one of the original hypotheses -- those popular maxims --
must be wrong. Let's check them...
If Knowledge = Power, then...
Money = Knowledge2 * Time
or
Money = Power2 *
TimePossibly, but not obviously true. If we accept that
it's impossible to have power without knowledge or
knowledge without power, then I supposed it works. Let's
test the other hypothesis though...
If Time = Money, then...
Power * Knowledge = 1This implies that the more you know,
the less powerful you are, and the more powerful you are,
the less you know. It is again empirically obvious that
this is simply not the case.
Therefore, I must conclude that in fact, time does not
equal money!
| Is This Answer Correct ? | 12 Yes | 32 No |
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