You can get everything you want in life as long as you give others enough of what they want. If you give nothing of value, you get nothing of value. Your method of exchange determines your wealth.
The type of exchange you use determines your financial success. Nothing else you do has a greater impact on your income. L. Ron Hubbard outlines the four types of exchange.
“1. First consider a group which takes in money but does not deliver anything in exchange. This is called rip-off.” — L. Ron Hubbard
Examples of this first condition of exchange:
- You pay a $1,000 deposit for a new car. The dealer goes bankrupt. You get no car and no refund.
- A plumber loosens a pipe, shows you the “leak,” tightens the fitting, makes noise, charges you $159.
- Someone in your office avoids doing work. Lots of excuses, lots of smoke screen, no work, full pay.
“2. Second is the condition of partial exchange. The group takes in orders or money for goods and then delivers part of it or a corrupted version of what was ordered.” — L. Ron Hubbard
- County fair booth promises to show you a two-headed cow, but actually shows an odd-looking skeleton.
- The “$99 Dream Vacation Package” turns out to be a smelly motel room by the freeway.
- Instead of working, an employee reads a magazine, surfs the net or makes personal calls while being paid.
Most successful companies and individuals use this principle. Examples:
- You pay for a dozen fresh eggs, you get a dozen fresh eggs.
- A $10-per-hour employee works 40 hours of normal work and is paid $400.
- You pay your power bill and get electricity.
Individuals and businesses who use this fourth method of exchange flourish when others are in trouble.
- You pay an artist for a painting who then frames it for you at no extra charge.
- You invest with a real-estate group expecting a 12% return each year and get 15% instead.
- An employee not only does all of her own work, she trains a new employee, works on her day off when another employee calls in sick and assumes new management responsibilities without demanding more pay.
Businesses that exchange in abundance get more referrals than anyone. Investors are anxious to buy its stock. Customer loyalty is guaranteed.
At first, giving more than expected seems unfair. You give extra effort without recognition. You add value to your work or products without anyone noticing.
Yet eventually, you rise to the top. People like working with you above others. Your company is selected above the competition. You earn a reputation of being more than fair.
Instead of trying to get more, work on giving more as your method of operation and see what happens!