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Think and Grow Rich - Essay Example

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This paper purports to argue either for or against Hill’s quote “An educated man is not necessarily, one who has an abundance of general or specialized knowledge. An educated man is one who has so developed the faculties of his mind that he may acquire anything he wants, or its equivalent, without violating the rights of others."…
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Think and Grow Rich
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Download file to see previous pages According to the research findings general or specialised knowledge cannot be weighed in the scale of monetary achievements. The worth of knowledge should not be quantified in terms of money. For example, let us compare two students who have done post-graduation in Economics that is to say they have specialised knowledge of Economics. Is it correct to assume that they should earn equal amount of money, just because their level of education is equal? One of them may choose to join the banking industry and the other one may prefer the teaching job. There can be substantial difference in their monthly compensation. On this count, it is incorrect to draw the conclusion that the banking job is better than the teaching job. The inclination of an individual to take up the job and one’s internal satisfaction has lots of significance. Acquisition of knowledge, aggrandisement and accumulation of wealth cannot be weighed in the same scale. Hill argues that “knowledge will not attract money, unless it is organised, and intelligently directed, through practical plans of action to the definite end of accumulation of money.” Now, who said knowledge has to attract money? An individual with absolutely no skill may suddenly become a rich on winning a lottery. Acquisition of knowledge and acquisition of wealth need to be understood in the correct perspective. They are two independent propositions and need not have beneficial influence on each other in all contexts. 3. With the second part of the quote, “An educated man is one who has so developed the faculties of his mind that he may acquire anything he wants, or its equivalent, without violating the rights of others," Hill hits the mark. For example one can earn money with hard work. But this is a limited and restrictive approach. One can earn more money by working intelligently, meaning thereby by directing men under him to work by applying certain methods and procedures of work and just involve in the supervision part of it. Such an individual is working in principle, without actually working, because directing and inspiring others to work and earn profits is also part of the work. Knowledge need not be in the possession of the man who accumulates the fortune. For example a contractor’s knowledge is in getting the assignment of contract done through may be hundreds or thousands of workers he employs for the purpose in view. He does not do the work by himself nor is it possible to do and complete such a herculean task by one’s own physical efforts. Certain candidates are being interviewed for the post of Human Resources Development Manager. Questions like, “Who is the Finance Minister of Pakistan?” “Who is the Commander-in-Chief of the Army in Iran?” “Who is the Governor of Reserve Bank of India” are asked to the candidates and the Chairman of the Board of Selection expresses poor opinion of the candidates when they fail to answer such questions. In fact, why should the candidates know the answer to such silly questions? If by chance, one of the candidates answers one or two questions ...Download file to see next pagesRead More
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