Think & Grow Rich Lessons
Mervyn Drury Casey, Australian Capital Territory, Australia

Posted: 2016-03-29

CHAPTER 5

SPECIALIZED KNOWLEDGE, PERSONAL EXPERIENCES OR OBSERVATIONS

The Fourth Step toward Riches

“The more extensive a man’s knowledge of what has been done, the greater will be his power of knowing what to do.” Benjamin Disraeli

“An investment in knowledge always pays the best interest.” Benjamin Franklin

When we are born we start to gain knowledge, how to walk, run and all the other necessities for living. If we are an athlete we gain knowledge through experiencing small changes in our technique. However to go beyond general running we require specialized knowledge from a coach, who looks closely at our actions and advises changes that are necessary from his study of other athletes and methods of building muscles to enhance performance for a given sport. You would not employ a rowing coach to the Coach a tennis player.

Bob and Tuula in their lessons highlight the need for specialized local knowledge regarding soils and the necessary additive for the soils to produce fertile environments. I agree with them and have had to carry out similar operations, finding what worked in England did not work in Melbourne when we first moved to Australia. Similarly moves to Canberra and Sydney, required further specialised knowledge about local soil conditions from local horticulturalist and gardeners to produce a fertile environment for a productive vegetable garden.

Throughout my life I have always had an inquisitive mind and a thirst for knowledge. But just because you have knowledge does not mean you will be successful. Some people soak up knowledge from books but never use it. The quote above by Disraeli sums it up, we can store all the knowledge but unless we apply it has no “Power”. Knowledge is certainly a good investment and we never stop gaining it, for you never know when it will be used and produce big dividends.

I enjoyed Michael’s story to day of his father’s pick-up truck with the rebuilt engine which burned oil due to someone’s inexperience and knowledge of what is necessary when an engine is bored oversize and from specialised knowledge the cylinders require “honing” to remove the boring tool score marks. Michael used his specialised knowledge gained from working with his automotive mechanic father to overcome the problem.

It is the same in our business lives, we can know all about the products and how to use them, but we then require additional knowledge which we do not have on how to market them. We can find this specialised knowledge through our Master Mind Group, particularly here in Mentoring For Free, where there a people who have learnt and perfected skills and specialised knowledge. People who have written kindle EBooks, specialist in the use of social media and people who have achieved business acumen for the Master Mind here at Mentoring For Free. We have the environment to learn from each other and enhance our overall knowledge whilst passing on our specialised knowledge through participation in the group.

Thank you Michael and Linda for all your seeking out of specialised knowledge to develop the Mentoring For Free System. Thank you to all who participate in this Forum and share their specialised knowledge to the benefit of the whole group.

Mervyn Drury

Casey, ACT, Australia