Simple Formula for Wealth

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About Course

Title – Simple Formula for Wealth

 Apostle Joshua Selman

Highlights

The amount of money you receive (wealth or income) will depend on these 4 things:

  1. The demand or need for what you do: the demand for your product or service.
  2. Your ability (skills, expertise) you have.
  3. The difficulty in replacing you.
  4. Divine favor.

Story

  • Due to the demand for food, restaurants and fast food businesses thrive. People are happy to pay for food that they cannot make or find difficult to make for themselves.

Deep Insight

  • Never try to provide a service or product where there is no demand for it.
  • When your demand becomes very high, your mistakes become unnoticeable.
  • You can also create a demand when one does not exist: advertisement helps creates demand.
  • Ensure that the demand for your product is consistent and sustained.
  • Do not try to answer a question no one is asking.
  • You must pay the price to master something: prayers and anointing alone cannot compensate for skill.
  • Skill will defy age, race, or gender. When you have a solution, people don’t really care or get biased.
  • Be unique, create a niche, a competitive advantage.
  • Stop following success or money; you can attract it through your skill.
  • Increase or improve the product or service you offer, improve your skill as well.

Biblical Insight

  • “Do you see someone skilled in their work? They will serve before kings; they will not serve before officials of low rank” Proverbs 22:29.
  • “Unless the LORD builds the house, They labor in vain who build it; Unless the LORD guards the city, The watchman stays awake in vain” – Psalms 127:1

Application

  • What is the major solution you provide as a person?
  • Is there a demand for the solution you are providing?
  • Do you possess the skill required in providing the solution?
  • Find something you are passionate about, get skilled in it, and then market it to the world.

References:

https://www.youtube.com/watch?v=-c8mervSQSw

https://www.youtube.com/watch?v=m9P83salOHE

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