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Wink and Grow Rich
Transcript of Wink and Grow Rich
Book Review and Analysis of
WINK and Grow Rich
Alina Molnar &
The Carpenter and His Son Richard
The father is like a lot of us, “Sick and Tired” in BOTH meanings of the words, and what can or can’t be done with our lives
The father had always wanted wealth and hope it will come like a miracle. To want is not enough, no one owns us anything. He’s spent $1 every day in the Well of Wealth, like a lottery ticket.
The wealth of the family lays in Richard’s hands now. The father teaches his son to keep doing the same things he’s done. It happens to us, we teach our children the same straight path, we teach our children to go to college and take jobs.
Rich felt fear for the first time with the Inn Keeper when he tells about a friend with a great vision, but who never got anywhere.
What if he woke up tomorrow and everything was just an illusion? What if things weren’t as clear as they had seemed on the beach. This fear is similar to what many of us can feel when starting a new venture.
Wink and Grow Rich
WINK is a magical parable of a 9 years old boy and his Carpenter father who is sick and tired. Every day for the last 20 years the Carpenter has visited the Well of Wealth and spent a dollar, believing that if he gives generously to the Well, it will give generously to him in return.
The Carpenter is so sick that he can’t go to his daily visit to the Well of Wealth, so he sends his son Richard, in his place. Richard is entrusted with a dollar to get a bucket of water from the Well of Wealth.
In the Beginning....
With the Gardener, Richard starts to see life rich and not as hard as he used to. He finds the Well in this chapter; realizing it had been there all the time, but he couldn’t see it. He won clarity at this moment and in a WINK understood what the Old Lady, the Optometrist, the Plumber have told them.
All the characters started like his father, but when they started changing their words, they started growing their clarity and they began to tap into the WELL, and that’s why they became wealthy.
The Plumber is who links WATER to money, and he gives to Richard a “Water System” of how to accumulate wealth, from building various “Taps”. His most important concepts are
To learn about wealth by feeling it, (get wet in the fountain). Learning how to get wet without worrying is wealth (like learning to trade without worrying about losing).
Wealth is all around us, but most of us are too busy looking for it to notice it. When we get close, we are afraid to get wet.
With the Fisherman, Rich discovers his wealth and the opportunities in front of him. The lessons he learns with the Fisherman are
The world waits for us to give, while we wait for the world to give. It’s a waiting game.
The world is waiting, anticipating: the wealth is out there for us to go and grab it; anticipating for us to take it. The wood he wants is all around him, he was sitting on it.
Rich’s able to inspire the Rower with his story. He sees his father is gifted and good at his work. “I’m going to make sure we invest our time and build a better plumbing system, and grow a beautiful garden.” Create a life where we attract the wealth we deserve, and the time together we deserve. Nothing is more precious than my time with my dad. It isn’t a great life, but it’s going to be fantastic.” At this moment Rich gained crystal clarity.
When Rich comes to the Musician, he has clarity about his vision and a beautiful drawing is shown. In this chapter Rich gains a sense of oneness. He feels calm and an inner strength welling up within.
Some of the main aspects still missing in the wealth formula learnt with the Musician are
Think hard why we might fail (Like in the Inner Circle Guide, it is important to specify what can stop us in the way and plan for alternative actions)
With the dollar in his pocket, Richard sets off to a journey where he meets 8 mysterious and magical characters:
The Old Lady
The Musician and
The Inn Keeper
In the following pages we present our common views (discussed in 5 one hour and a half sessions) of each of these mysterious characters and what we think is the real meaning and lesson behind each character.
Each of us will present how we can personally apply what we have learnt from this wonderful and magical parable:
Wink and Grow Rich
At the end...
As Richard starts his journey, he wonders why the well hasn't given generously to his father or the other people in the village.
Richard asks for the path to wealth. The way we should ask the experts which direction to go.
The Old Lady
Once we are shown a path to take, we have to answer how hard are we willing to work to get there. Do we want a straight and clear path to follow because it is the safest and easiest? or Are we going to be like Rich, willing to pick the overgrown and uninviting path?
Richard uses the dollar for the water to buy a note pad and a pen from the Old Lady: We don’t get knowledge for free, we have to pay for it, it comes with a price, comfort or discomfort.
Richard is introduced by this character with some important concepts:
Learn to ask better questions.
Become wealthy by becoming a better human being.
Get clarity, focus and vision. (The Optometrist used to live in a blurred world, like Richard’s dad and most of the 95% of people, when he found his vision, his life transformed)
THE OLD LADY
THE INN KEEPER
Wealth is more than what meets the eye. Our wealth will become from the time, talent, interest and resources of those around us.
Key to success: ability to communicate. Choose the level of communication we want to play at: Exchange, Connect, Motivate or Inspire. The key to wealth is to learn how to inspire and lead leaders.
Be true to our Present and Future Selves: When our vision becomes stronger than our memory, our future becomes more precious than our past.
1. Ask and you shall receive.
Most useful message: Our greatest asset is our vision of who we will become. We need to invest in clarifying our vision. Learn to see better and we will get better. (Every hour spent working hard instead of learning to see better is keeping us poor.)
Passion of the Optometrist: to correct people’s vision.
We conclude that the Optometrist vision is to guide other people (like Richard and us the Challengers) in the correct path and lead them to find their own vision in life.
At this point Richard realizes that his Father, although good as a person and his job, had none of the above traits and was stuck in being mediocre. So although a lot of us are good at what we do, we do not have the “Vision” to go forward and take advantage of all the benefits, and become better human beings.
2. What you see is always what you get.
3. Choose the level you want to play at.
If we don’t know to manage wealth, we need to learn about it. Think it, ink it, do it, review it.
Learning is a game. We need to get ourselves wet and into the water to learn to swim. Same with trading, it comes a moment that paper trading is not doing anything for us, we need to go and trade with real money, otherwise we are just kidding ourselves.
Have a passion in life: The plumber looked at his wealth creation as a simple plumbing system, with passion so it was fun.
A job is a simple exchange of drops of time for money, it’s a straight swap.
Learn to divert our money into investments. The money tap from investments and business can outgrow the money tap from our own efforts (job, trading).
To create a money tap with no money we start with another tap of something more valuable than money: TIME. Who values time over money attracts wealth in no time.
Invest more of your time and money and spend less of them both.
After investing our time in the right areas, is easier to build businesses. So invest time:
Learning to become better (mindset)
Learning to increase our network of friends, peers and contacts. (Mastermind Group)
Learning how to choose better investments and creating our businesses; in building them, investing in the selecting the right opportunities, the right products and services. (Trading)
All this learning can be applied again and again for the rest of our lives.
See how a person spends and invests his/her time and you can see his/her future.
The most important lessons that Rich (from this on Rich and not Richard anymore) got from the Gardener are:
The Well is in our Words: we can have a better mindset once we ask better questions and once we start using better words like “Life is rich” We see what we say and get what we see.
Passion is our compass. None of the characters work because they have to, but because what they do is their PASSION.
5.Think it, in kit, do it, review it.
6.Invest more of your time, spend less of it.
7.Invest more of your money, spend less of it.
11. Sow, nurture, reap.
8. Learning is a game.
9. Your well is in your words.
10. Your passion is your compass.
4.Wealth is the beginning, not the end.
Our vision is found by following our passion. The less our work feels like work, the closer we are getting.
Wealth starts in our minds, is not the end it’s the beginning. The wealth began long before the flowers bloomed.
Learn to focus on minimizing the time we spend and maximize the time we invest. What we focus on will be watered and will grow and what we ignore will dry and die.
The highest value activities are sowing, nurturing and reaping.
Sow in every new person we meet and in every new tool we learn;
Nurture our relationships and our investments;
Reap the rewards consciously and when the time is right.
Trying to reap too early, not sowing with enough care or not nurture with enough commitment would lead to failure.
Our vision should guide us to where we need to invest our 24 precious drops of TIME.
Focusing our time in the right activities will lead our learning, friendships, contacts and investments to flourish. Our daily walk through our garden will be exciting and fun.
Words of wisdom: The world is waiting, anticipating.
The Gardener’s definition of wealth: her 2 daughters, husband, her health and time. (Wealth is not necessarily money)
Her passion: her garden.
Her vision: Nature would give her wealth, and she would give her wealth to nature in return. She states that she is living her dream. (How many of us can say this?)
At the end of this chapter. Rich expresses how he wants his garden to look like, and he emphasizes that he wants to choose the level he wants to play at: “I want to live an inspiring life, where wealth is returned from the wealth that I give.”
Our biggest lesson from the Gardener: The importance to focus our time and energy in the right activities and the right kind of people. We cannot grow nor reap what we haven’t taken the time to sow.
Pillar: 6. Communication
Our biggest lesson from the Plumber: Realize that wealth is all around us, we have to learn how the system and process work and do the required work, learn to get comfortable by being uncomfortable, investing our time and money in the right way.
Pillar: 2. Hard Work and 7. Review
To know and not to do is not yet to know. After we’ve been taught how to trade, we need to commit to trading and winning. There’s no point knowing if there ain’t doing..
Learn to think like your target in order to get better at catching it: We have to focus on creating attraction, so we don’t have to chase never again. The trades must come to us. We can’t be chasing the trades all the time. When we add value to our mindsets, we are ready to see the market for what it really is..
There is no wealth, where there is no value: Value is the river in which wealth flows.
Invest time to learn more about others who are successful at what we are doing. (BOE)
The fun is in the trial and error, we need to become inspired works-in-process. As we we keep working, progressing and inspiring others.
Plan to be wealthy by failing 9 times out of 10. So whether we’re succeeding or failing we will still in profit.
By planning to fail we’re ready for anything.
Once we decide to take action the key is to ask directions. Learn to ask when we don’t know.
We can accelerate our progress tremendously by investing our time in a network that includes many inspired works-in-progress. (Mastermind groups)
The Fisherman’s definition of wealth: He likes to spend time with his people, and spending time with his fish, that’s what he loves. That’s the wealth that he has.
His passion: spending time with his people and fish.
His vision: to give value to his customers.
Apply fully and Relax totally: Any challenges, we are fully able to manage. We prepare, execute, review at specific times every week and every month. It’s a rhythm that makes our wealth sustainable. (This is what Duane’s emphasizes with his questions that force us to review our dones).
What we do when we are not working is more important than what we do when we are working.
Our biggest lesson from the Fisherman: Don’t chase the money, concentrate on something else like creating value in ourselves; becoming better human beings and traders. PATIENCE is the name of the game.
Pillar: 2. Do the Work & 3. Patience
12. See the wood from the trees.
13. To know and not to do, is not yet to know.
14. Value is the river in which wealth flows.
15. Become an inspired work-in-progress.
16. Plan to fail.
17. Opportunities lie in every moment.
Working = following their passion for wealthy people.
20/20 Vision: Represented by how the Fisherman and Gardener were relaxing when dancing and at a picnic, at a scale of 20 and they would return to invest time in their investments at a scale of 20.
Vision and clarity==> Wealth ==>Focus on how to invest our time ==>Create value = Wealth begins to flow. Wealth flows with rhythm and harmony ==>Wealth resonates.
Resonate means to create a vibration, create the most wonderful attraction that allows us to attract the best people, the best opportunities, the best environment. This is when we really begin to live life fully. When we resonate we accumulate.
The key to leverage is how to use it. If we use it in the wrong way, we can end up exhausted with either too much or too little of the wrong people’s or the right people’s efforts, time and money. When we begin to leverage, everything get magnified by a factor of 10.
It is important to learn to RECOVER: The more relaxed and balanced we are when the oar is out of the water, the more prepared we are for the next stroke.
Opportunities can be created out of every moment (present, future and past).
More pace, less haste: There is a rhythm to wealth: if we are in a hurry, we risk to come back to the same place no wealthier, but exhausted. If we don’t follow a rhythm, we can either overwhelm, frustrate or exhaust ourselves.
To create wealth we need to learn how to leverage our efforts, our time and our money. We do this with other people’s efforts, other people’s time and other people’s money.
Our biggest lesson from the Rower: To grow our wealth it’s important to learn how to leverage other people’s time, resources. But most importantly it’s to learn to follow a rhythm, go slowly but surely and gain a 20/20 vision for our working and relaxing time.
Pillar in practice here: 2. Do the work, 5. Discipline & 7. Review
19. Sustainable wealth follows a rhythm.
20. The key to leverage is how you use it.
When we find true harmony, we find untold strength. Harmony is the foundation of wealth.
There are seasons within seasons. We have seasons in our life, in our relationships, in our investments and our businesses. We have seasons in our learning and in our actions.
We have to make sure we sow in the spring, nurture in the summer and reap in the fall. It’s not just what we do, but when we do it.
Attraction is not a cause, it’s an effect. Attraction is the reward for our efforts.
To know that we are in the right track is when we start to attract wonderful things. If we are attracting negative things, we need to recalibrate.
The secret of great wealth: become a master of our time and our focus by just being in tune with the market and with our advisers. As the Musician we will begin to know which note comes next.
We should ask ourselves why could we fail? The answer would be because we would be happy to settle for less. Having low standards is a reason for failing.
If in spite of doing our best wealth keeps eluding us it is because we keep living a 2 star life. (We know we need to invest time, but we still spend it. We know what to do but we keep putting things off. We know there’s a rhythm to wealth but we don’t look hard enough for it.
Time can’t be compared to money. If we spend money, we can always get more. Once we have spent time, it’s gone forever. It never comes back. Time is our more precious asset. (We should invest in understanding it better)
Time has flavors, learn to taste them and our wealth is assured.
Our biggest lesson from the Musician: We need to become masters of our time and resources, we have to find the right notes on every step we take, especially when it comes to trading. Wealth and trading have a rhythm.
Pillar in practice here: 4. Detailed plan 5. Discipline
20. Time is your most precious asset.
21. Harmony is the foundation of wealth.
22. Time has seasons.
23. It’s not just what you do, it’s when you do it.
24. When you resonate, you accumulate.
It’s not knowledge what will make us wealthy, it is what we do with that knowledge.
To raise our standards means no longer be willing to settle for spending our time. We are no longer willing to settle for a mediocre life, for a sloppy mind and blurred vision. When we no longer settle for certain behavior, we have no option but to take action and change it.
We settle for our standards: So the life we live is not determined by the life we want to live tomorrow, but by the life we settle for today.
5 star is about service, quality and conduct. These things don’t cost money. It just takes better rules and better systems to ensure we don’t settle for less. In a 5 star life we will attract 5 star people.
Wealth gives us the freedom to choose how we want to live our lives. This is why the Inn Keeper continues to work, because he loves his work.
If learning is a game, our environment is our playground. Don’t settle for less.
When finishing with the Inn Keeper, Rich thinks of the choice he took when he followed the overgrown path, and as a result of that choice who he had now became.
Once again he thinks about: Choose the level you want to play at, when thinking about what he would tell his father. Why? During his whole life the only 2 levels he had practiced with his father were exchange and connect. Now he was going to inspire.
25. You settle for your standards.
27. You are the result of your choices.
28. Your environment is your playground.
26. A five star life is easier than a two star life.
Our biggest lesson from he Inn Keeper: We learn about the quality of life, 5 Stars or 2 Stars? We need to raise our standards, because a 5 Star life is much easier than a 2 star one. We are the result of our CHOICES, whatever we choose is the kind of life we will have.
Pillar in practice here: 5. Discipline & 7. Review
Finally Richard goes home and finds his exasperated father demanding where he has been and why he did not get any water from the “Well of Wealth”?
On Richard trying to inspire his dad with all he's learnt, his father doesn’t listen. He is stuck in his past self and present self that can’t see beyond his current needs.
In this chapter, Rich comes back to reality and the real environment where he will have to put into practice what he learnt in this journey.
Rich cries but stays and winter passed. And at the end of this chapter Rich understands, in spite the sadness that it's not what we do, but when we do it, what matters.
It is important to realize from here that not everyone will see nor understand our new state of clarity and focused energy; they will need time, but that should not stop us from moving on.
Meaning of water: each of the characters saw water in a different way. The last thing they needed to worry about was having enough to drink. They thought of water in a much bigger way. While the people from the village, just drunk it. Through his journey yesterday, there was always more water than he could possibly use, and it kept getting bigger and bigger. What you see is always what you get. Water, water, everywhere and not a drop to drink (in his father’s case). Here is 29.
The glass of water is for those who just ask for that, for the ones that simply say they are thirsty. Once they have quenched their thirst, they go back home. Water always finds its level.
Rich is given an empty bucket, he doesn’t need the water from. He knows already how to obtain wealth.
What comes after #29?
The Old Lady represents the beginning and the end. In the last chapter we find the same story as the beginning, but a new Richard.
Rich has come to thank the Old Lady (importance of being grateful). Rich is face with the challenge to discover the last concept of his list: there should be 30 and he has 28.
Never give up the search for what comes next, because one day you will find it. When we find it, we will realize that whilst the Well of Wealth springs from our Words, what comes next is Wealth beyond Words.
He could sense the connection between the characters, or maybe it was the sequence. He thought hard about their words, he wasn’t seeing something in their words.
The OLd Lady’s vision is to help those who really don’t want to help themselves. The well of wealth can’t give them wealth, but it can give them security. The glass of water can’t give security, but it can give them relief. Succeed, sustain or survive. It’s all a matter of choice.
Our list is shown in red in this journey, and keep clicking to find out what comes after 29 for all of us:
29. Water always finds its level.
30. Our vision: The beginning is in the end
This is the end of Rich's Journey and what comes next: our own stories and more importantly our visions. In the following videos we present how we plan to implement this fantastic story into our lives. Enjoy!
Our biggest lesson from the Optometrist: Our greatest asset is our “Vision” of who we will become. So we need to learn how to see better and ask better questions in order to find our PASSION. Also we need to choose to inspire others to find wealth beyond our words.
Pillar in practice here: 1. Proper Preparation