From: "phortizo Limited"
Three Ages
In the Agrarian Age, the rich were those who owned a castle that overlooked large tracks of fertile agricultural land. These people were known as the monarchs and the nobles. If you were not born into this group, you were an outsider with very little chances of becoming an insider. The 90/10 rule controlled life. Therefore, the 10%who were in power were there because of marriage, birth, or conquest, the other90% were serfs or peasants who worked the land but owned nothing.
During the Agrarian Age, if you were a good, hardworking person, you were respected, the idea of being diligent was handed down from parent to child .it was also when the idle rich began to be loathed-90% of the people worked to support the other 10%, who appeared not to be working .that idea was also handed down from parent to child. There Ideas continue to be popular and are still handed down from generation to generation.
Then came the Industrial Age and wealth shifted from agricultural land to real estate. Improvement such as buildings, factories, warehouses, mines, and residential homes for workers were placed on top of land…improvement. Suddenly, rich fertile agricultural land dropped in value because the wealth shifted to the owners of the buildings upon the land. In fact, an interesting thing happened. Suddenly, rich fertile land became less valuable than rocky land, where farming was difficult. Rocky land suddenly became more valuable because it was cheaper than fertile land. It could also hold taller building such as skyscrapers, or factories, and it often contained resources such as oil, iron, and copper that fueled the industrial Age. When the shift in ages occurred, many farmers` net worth went down, to maintain their standard of living, they had to work harder and farm more land than before.
It was during the industrial Age that the ‘’Go to school so you can find a job’ idea became popular. In the Agrarian Age, a formal education was not necessary since professions were handed down from parent to child; bakers taught their children to be bakers, and so on. Near the end of this era, the idea of ‘’a’ job, or the idea of one job for life, became popularized. You went to school. Got that one job for life, worked your way up the corporate ladder or up the union ladder, and when you retired, the company and the government took care of your needs.
In the Industrial Age, those not of noble birth could become rich and powerful. Rages-to)
-to-riches stories spurred on the ambitious. Entrepreneurs started with nothing and become billionaires. When Henry ford decided to mass-produce the automobile, he found some cheap rocky land that farmers did not want near a small town known as Detroit , and industry was born. The ford family become, in essence, the new nobility, and anyone around them who did business with them also become the new, rich nobility. New names became prestigious as those of kings and queens-names such as Rockefeller, Stanford, and Carnegie. People often respected as well as despised them for their great wealth and power.
In the industrial Age, as during the Agrarian Age, however, only a few controlled most of the wealth. The 90/10 rule still held true simply because it took great effort and coordination as well as a lot of money, people, land, and power to build and control the wealth. For example, to start an automobile company or an oil or mining company is still capital intensive, it takes massive amounts of money, lots of land, and smart formally educated people to build that type of company. On top of that, you often must get through years of bureaucratic red tape-such as environmental studies, trade agreements, labor laws, and so on-to get such a business off the ground. In the industrial age, the standard of living went up for most people, but the control of real wealth continued to remain in the hands of a few. The rules have changed.
THE 90/10 RULE HAS CHANGED
When the Berlin Wall came down and the World Wide Web went up, many rules have changed. One of the most important rules that changed was the 90/10 rule. Although its or the opportunity to join that 10% has changed.The World Wide Web has changed what it costs to join the 10%.Today, it does not take being born into a royal family as it did in the Agrarian Age. It does not require massive sums of money, land,and people to join the 10%.The price of admission today is an idea,and ideas are free.
In the information Age, all it takes is information or ideas to become very, very wealthy. It is therefore possible for individuals who are financially obscure one year to be on the richest people in the world the next. such people often fly past individuals who made their money in the ages gone by. Collage students who have never had a job become billionaires. High school students will surpass their collage student will surpass their collage student counterparts.
In the early 1990’s, I remember reading a newspaper article that said,’’ Many Russian citizens complained that under the communist rule their creativity was stifled. Now that communist us over, many Russians citizens are finding out they had no creativity.’’ Personally, I think all of us have a brilliant creative idea that is unique to us, an idea that could be turned into an asset. The problem for the Russians, as it is with many citizens all over the world, is they did not have the advantage of my rich dad’s guidance in teaching them to understand the power of the B-1 Triangle. I think it is very important that we teach more individuals to be entrepreneurs and how to take their unique ideas and turn them into businesses that create wealth. If we do so, our prosperity will only increase as the information Age expands around the world.
For the very first time in world history, the 90/10 rule to wealth may no longer apply. No longer does it take money to make money. No longer does it take vast tracts of land or resources to become rich. No longer does it take friends in high places to become rich. No longer does it matter if your relatives came over on the MAYFLOWER, it does not matter what university you went to, or what sex, race, or religion you are part of. Nowadays, all it takes it takes is an idea, and as rich dad has always said, ‘Money is an idea.’ For some people, however, the hardest thing to change is an old idea. There is an old truth to the saying ‘You cant teach an old dog new tricks’ I think a more accurate saying is ‘You cant teach someone who clings to old ideas new tricks, regardless of if they are young or old.’
………………..when people simply consider the idea of starting their own B quadrant business, their minds shift from hard work and physical limits to the possibility of unlimited wealth. All it takes is the idea-and we are in the Age of Ideas. I am not suggesting that such people quit their job and leap into starting a company. But I do suggest that they keep their full time job and consider starting a business part-time
CULLED FROM GUIDE TO INVESTING
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