The wealth of a nation is not only determined by its mineral or natural resources, but also in the intellectual resources or capacity of his people. Most third world nations overestimate their "tangible wealth" or natural resources that can be seen (crude oil, gold, diamond, bauxite) to name a few while losing sight of the "intangible wealth" ingrained in the intellectuals of his people. Every company thrives not only on their good financial returns or profit margin but also in the quality of values every employee contributes.
According to world population review, the estimated population of Johannesburg is 4.4 million, by my estimate, if a household spends R200 (Two hundred rand) on food daily, that amount to R880,000,000 (eight hundred and eighty million rands) in circulation daily only on food purchase. In a month, it sums up to a total of R27.2 billion spent just only in Johannesburg and just only on food. These sum of money are being transacted daily or monthly from wholesaler to retailer and from retailer to consumer, but we don't physically see it in their lump sum. In the words of the great Adam Smith, father of modern economics, “Every man lives by exchanging.” The secret to real wealth creation is not necessarily what we see with our physical eyes, but rather recognizing of values to exchange in return for a monetary reward.
"Money hides in problems," but only a few have trained themselves to see it. An average person continually nags about a problem or discomfort, entrepreneurs make a business out of them. How wealthy you will be is directly proportionate to the amount of value you can bring to the marketplace. Every business or company is founded to solve a certain kind of problem. Doctors are paid to solve health problems, IT specialists are paid to solve technological problems, and construction workers are paid to solve building or construction problems, real wealth is a value exchange, not a banknote. "In the world of merchandise, nothing goes for nothing." The value you are able to give will always be in parallel to the money you earn.
The road to wealth is not only paved by hard work, but also smart and creative thinking. Authors are paid to solve intellectual problems, but it's not enough to be a good writer, all writers need to master the art of selling, to make the most of their writing career. Not all best writing authors are best selling authors, and not all best selling authors are best writing authors, but it's possible to be both.
See wealth creation through the lenses of value exchange or problem-solving. You will never rise or earn beyond your level of knowledge. Every wealthy individual we see in our society, community or continent have mastered the art of seeing opportunities in the midst of chaos.
History abounds with stories of great thinkers and inventors, who neither make nothing or little in monetary value from their inventions. Tim Berners-Lee, founder of the World Wide Web (www), he never patented his idea. Instead, he released the protocol out into practice, and it wasn't long before everybody was using it. Ron Klein, inventor of the magnetic stripe at the back of credit or debit cards, he never patented his idea and Jonas Salk who developed the vaccine to eradicate polio, he also never patented his idea.
"Everybody is a walking wealth," but we need to start seeing the means of making it differently." Intangible wealth is the hidden wealth in value exchange, the ability to perceive financial returns by solving problems. Your intellectual property is your intangible wealth, but you need to learn to convert it to financial reward.
Daniel Cole is an International Motivational Speaker, Inspirational writer, Columnist and a Published Authour.