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Economics is often referred to as the dismal science.

It's easy to see why.

It forces us to see exactly how much things cost.

Not just in monetary terms, but in all terms.

One thing you have to learn and apply in chemistry is the idea of conversation of matter and energy.

One can turn one into the other (matter into energy or energy into matter) but you can't just poof it into our out of existence.

So when you write down steps of a chemical reaction, you need to do a kind of bookkeeping.

You have to make sure that the energy and matter one ONE side of the equation is the SAME as the energy and matter on the OTHER side of equation.

This is true in chemistry, and it's true in financial accounting.

In many movies there is the egghead character type.

The non-emotional type who keeps the books of the criminal mastermind.

He is treated almost like an untouchable wizard.

Since he KNOWS where all the money comes in, and where it goes, he is an ESSENTIAL part of any criminal operation.

He's also the most likely target of law enforcement.

For example, Al Capone was a blatant gangster.

He smuggled alcohol, he murdered people.

But the easiest way to lock him up was tax evasion.

Which required getting to his financial records.

If you become a CPA (certified public accountant) you can make a LOT of money.

If you think of a business as a organism, the money flow into and out of the company is the lifeblood of the company.

So knowing EXACTLY where it's healthy and where it isn't is a very valuable skill.

But it's also a valuable skill in everyday life.

But this requires ditching any magical thinking, and making some very difficult thinking.

Economic thinking.

Dismal science thinking.

But think of the alternative.

Of hoping and wishing.

Imagine if modern companies did that. 

Imagine they didn't hire accountants.

They just bought stuff, made stuff, sold stuff, and hoped for the best.

Naturally, they wouldn't last long.

Imagine if you ran your own finances that way.

(Unfortunately, many people do).

You spend money until you can't.

You use credit cards until you can't.

You never sit down and check how much is coming in and how much is going out.

In the short term, measuring everything is very, very difficult.

But it is EXTREMELY difficult to achieve any kind of lasting success unless you do.

The only alternative is to cross your fingers and hope for magic.

There are, in fact, two words in "dismal science."

Once you get past the "dismal" part, all that's left is science.

Very predictable.

Very repeatable.

Very scalable.

And you can use SCIENCE to build anything you want.

Learn How:


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