I Discovered A Long Time Ago 001

Here, I'll share some of the facts that I discovered. Here's number one:

'I discovered a long time ago that value is a function of a perfect combination of scarcity and skill. The more and more available a thing is, the less and less valuable it becomes. Conversely,
the more and more skill a person possesses, the more and more valuable he/she becomes.'

Value is nothing but scarcity. In fact, when next you think of value, the next thing that should come to your mind is scarcity. The more scarce something is, a good, a service, a product, a skill; the more valuable it becomes.

Think about it. Gold, Diamonds, Brain surgeons, and of course Money. All these are relatively scarce. That is why they are very valuable. You can't easily come by them. If you do, you do so at a great cost.

Why not apply this principle in your life and profession. There'll be little or no value to you if the skill you possess is popular and possessed by a lot of other people, and worse, you do it at the same level of performance as others.

Make yourself valuable. Possess a skill in which the demand is high, yet those that know how to deliver it excellently are very scarce. 

If you think about this, any skill will probably serve. Those you know today as very valuable people are people who took simple skills and became masters in them. They now perform them so excellently that they make millions and billions from them.

Know more and more about less and less. In fact, be a master in a very very narrow field. A narrow but relatively useful field. 

That, my friends is value. A perfect combination of skill and scarcity.