{"id":314,"date":"2010-06-08T07:00:09","date_gmt":"2010-06-08T12:00:09","guid":{"rendered":"http:\/\/www.drbilltoth.com\/blog\/?p=314"},"modified":"2010-06-08T07:00:09","modified_gmt":"2010-06-08T12:00:09","slug":"you-cant-make-money-in-the-past","status":"publish","type":"post","link":"http:\/\/www.drbilltoth.com\/?p=314","title":{"rendered":"You can&#8217;t make money in the past."},"content":{"rendered":"<p>It struck me like a thunderbolt yesterday while reading the previously mentioned June 14 issue of Fortune Magazine &gt; you can&#8217;t make money in the past!\u00a0\u00a0 Because it&#8217;s over, done, gone!<\/p>\n<p>People pay money for what they think is valuable.\u00a0 Long ago people valued land, then food, then possessions and today people highly value <em>knowledge<\/em> especially as it relates to quality of life.\u00a0 We live in the &#8220;<em>Information Age<\/em>&#8220;.<\/p>\n<p>Consequently, trying to become wealthy based upon what people valued in the past is a sure way to fail.\u00a0 It wouldn&#8217;t make sense to try to make a fortune today by selling\u00a0 8-track tapes, or even cd&#8217;s at this point&#8230;why because people value mp3 and instant access today.\u00a0 Think ipod, itunes and others like them.<\/p>\n<p>The latest crop of billionaires Bill Gates, Michael Dell, Google guys, Zuckerberg\u00a0 (Facebook), founder of ebay, amazon or John Sperling (started Phoenix Univ.)\u00a0 ALL did something NEW.\u00a0 They created NEW markets, NEW categories.\u00a0 Remember this;<\/p>\n<p><small><span style=\"text-decoration: underline;\">Prior to 1952 it was considered &#8220;impossible&#8221;<\/span><br \/>\nIn 1952 Dr Paul Winchell invented the first artificial heart.<br \/>\nIn 1982 the first artificial heart was placed in a human<br \/>\nIn 2004 the FDA approved the use of an artificial heart.<\/p>\n<p><span style=\"text-decoration: underline;\">Prior to 1954 it was considered &#8220;impossible&#8221;<\/span><br \/>\nRoger Bannister broke the 4 minute mile on May 6, 1954.\u00a0 Within a year a whole<br \/>\nbunch of people broke the 4 min mile and now high schoolers do it.<\/p>\n<p><span style=\"text-decoration: underline;\">Prior to 1967 it was considered &#8220;impossible&#8221;<\/span><br \/>\nIn 1967 Dr Christiaan Barnard performed the first human heart transplant<br \/>\nToday there are appx 10-15 heart transplants <em>every day<\/em> somewhere in the world.<br \/>\n<\/small><br \/>\n<span style=\"text-decoration: underline;\">Prior to 2009 it was considered &#8220;impossible&#8221;<\/span><br \/>\nTo affect gene behavior or activity<\/p>\n<p>I&#8217;m sure by now you&#8217;ve heard the famous quote from NHL star Wayne Gretzky;<\/p>\n<p>&#8220;<em> I Skate to where the puck is going to be<\/em>&#8221;<\/p>\n<p>Where&#8217;s your puck going to be?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It struck me like a thunderbolt yesterday while reading the previously mentioned June 14 issue of Fortune Magazine &gt; you can&#8217;t make money in the past!\u00a0\u00a0 Because it&#8217;s over, done, gone! People pay money for what they think is valuable.\u00a0 &hellip; <a href=\"http:\/\/www.drbilltoth.com\/?p=314\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,1],"tags":[],"class_list":["post-314","post","type-post","status-publish","format-standard","hentry","category-business-coaching","category-general-business"],"_links":{"self":[{"href":"http:\/\/www.drbilltoth.com\/index.php?rest_route=\/wp\/v2\/posts\/314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.drbilltoth.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.drbilltoth.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.drbilltoth.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.drbilltoth.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=314"}],"version-history":[{"count":2,"href":"http:\/\/www.drbilltoth.com\/index.php?rest_route=\/wp\/v2\/posts\/314\/revisions"}],"predecessor-version":[{"id":316,"href":"http:\/\/www.drbilltoth.com\/index.php?rest_route=\/wp\/v2\/posts\/314\/revisions\/316"}],"wp:attachment":[{"href":"http:\/\/www.drbilltoth.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.drbilltoth.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=314"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.drbilltoth.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}