Tuesday, April 15, 2008

How to print money

Learning how to print money is really the ultimate fantasy. Indeed, as it says in the Bible (Eclesiastes 10:19):

"A party gives laughter, and wine gives happiness; but money gives everything."

Another author wrote that "money is the sixth sense which enables a better use of the other five."

Okay, now that we're all convinced of the value of money, let's examine ways to design and print money.

Wait, don't call the Feds! I'm not about to suggest illegal ways of printing money! Please put that phone down.

First, let's be clear about what "money" really is. It is just evidence, socially agreed upon, that someone owes you something.

That's where the POWER of money comes from: the fact that someone "owes" you something. (Notice, by the way, that "OWE" appears in the word "POWER").

For example, a five-dollar bill is just physical evidence, socially agreed upon in a particular country where the currency's value is enforced institutionally, that someone owes you something worth five dollars.

So if you were to enter a convenience store and pull out your five-dollar bill and show it to the owner, he would say: "Yup, Mister, I can see indeed that I owe you something worth five dollars. Why don't you look around and find something you like that has a price tag of $5.00? I'd be glad to relieve my debt to you, if you please, sir."

Therefore, the key to "printing money" (and thus become obscenely wealthy -- excuse my French) is to print as much "evidence" as possible that other people owe you stuff.

Here's an interesting fact: Billionaire Richard Branson never carries any money with him, nor any credit card. He probably gets a free lunch and any product or service for free no matter where he goes. The business owners who give him free products or services are not crazy. They correctly calculate that whatever they lose in profit by giving free stuff to Mr Branson, can be recuperated many times over by the possibility of starting a social or business relationship with a billionaire.

You might wonder, "Pete, what does all this have to do with Linkedin?"

Linkedin, my friends, is nothing but a money-printing machine. The fact that most Linkedin users have not yet realized this, doesn't change at all the nature of Linkedin as a perfect money-printing machine.

But how do you use Linkedin to print "money"?

As we saw above, money is evidence that someone owes you something.

So first, you have to connect with as many people as possible on Linkedin. I have 845 connections, for instance.

Next, you have to start giving them something of value. ONLY BY DOING THIS CAN YOU BUILD POWER, THAT IS, CREATE EVIDENCE SOCIALLY AGREED UPON THAT SOMEONE OWES YOU SOMETHING.

Of course, you can charge a small amount for the value you're giving away, or you can just give it away for free, as I do at http://realtimesuccesssecrets.blogspot.com. At the following blog, I actually charge some money: http://superpeterliquidation.wordpress.com.

But my point is, some value must be transferred from you to all your connections. Otherwise, your list of connections is just like a page in the Yellow Pages: names and contact information without much value.