Does Not Require Your Hands
MEMBERS & VISITORS:
Does Not Require Your Hands
At Tharaka Invention Academy as well as its parent organization Tharaka Invention Circle CBO (Community Based Organization), we are working hard to help African people improve the economy, standard of living, and overall well-being of African communities like our own. We therefore value inventions, innovations, and creativity generally because of their hidden potential to not only create wealth, but to possibly create great wealth.
The statement “To create great wealth, find something that does not require your hands” is often used to emphasize the importance of leveraging scalable and passive income streams to create significant wealth. While creating wealth may not always be the ultimate goal for everyone, the statement still holds some value as it highlights the importance of creating income streams that do not solely depend on an individual’s physical labor or time.
The reason for this is simple: If an income stream is dependent on an individual’s time and effort, there is a limit to how much income they can generate. In contrast, if an income stream is scalable and can generate income without much or any effort from the individual, it has the potential to generate significant wealth over time. For instance, building a successful online business or investing in the stock market are examples of scalable income streams that can generate passive income and create wealth over time.
Of course, this doesn’t mean that all income streams should be hands-off, as some people may prefer more hands-on work or may have skills that are better suited for more active income streams. However, the statement “To create great wealth, find something that does not require your hands” is a reminder that creating scalable and passive income streams can lead to significant wealth generation and financial freedom over time.
In addition to the importance of creating income streams that do not require an individual’s physical labor or time, creating an invention can also be an effective way to generate significant wealth. An invention that solves a problem or fulfills a need in the marketplace can create a new product or service that has the potential to generate significant revenue and profits over time.
However, unlike some scalable income streams, creating an invention often requires significant upfront effort and investment of time and resources. There is also no guarantee of success, as the invention may not meet a real need or may face competition from other similar products or services.
That being said, if an invention is successful, it can create significant wealth for the inventor over time. Inventions can be protected through patents, which can provide a legal monopoly on the invention and enable the inventor to charge premium prices for their product or service. Successful inventions can also attract the attention of investors or buyers, who may be willing to pay a significant amount to acquire the invention or invest in the company behind it.
To wrap up this point know that creating an invention can be an effective way to generate significant wealth, but it requires significant upfront investment and there is no guarantee of success. However, if successful, it can create a scalable and passive income stream that does not require an individual’s physical labor or time.
We have published other informative posts on Invention School’s website which may interest you. To view our entire catalog of over 800 posts go to inventionschool.tech/category/blog/ or use our handy search tool to find topics of interest to you.
Mechanical/Solar Engineer, Prof. Oku Singer
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