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The money triangle is a concept that explains the concept of building wealth and is centered around value, knowledge and relationships. It's a great guide for entrepreneurs whether they earn money online or offline, business owners, business enthusiasts and everyone who takes money issues seriously and that should be everybody alive.
I first learnt about this concept while watching an episode of Dan Lok's webinars his version is actually called wealth triangle and is slightly different from mine, he's fantastic about sales and making money generally and I will advise you find out more about him.
So what is money triangle and why should you be interested in learning more about it?
The money triangle is a triangle having three equal sides in mathematics such a triangle is called equilateral. So on its three sides it has the variables Knowledge, Value and Relationships but it clearly spells out that no one variable is more important than the others in the entrepreneur's path to achieving his set goals. The money triangle basically is aimed at making you the best while you thrive in your quest for building and maintaining wealth.
Now let's disect the triangle.
First is knowledge :
the fact or condition of knowing something with familiarity gained through experience or association (2) : acquaintance with or understanding of a science, art, or technique. Miriam Webster.
In all businesses and practically all of life's endeavors, knowledge is power it helps us make better decisions and choices which under normal circumstances results in good results.


Knowledge is power

Severally people have failed at business, in their personal lives and relationships because of this important factor and on the flip side a lot of people are succeeding daily because the have and apply the right knowledge in their fields or tasks.
Understanding customers’ needs and the business environment is a huge interface of information. If a market research is done, then the knowledge of the market can be integrated to the target clients specifically in developing new products/ services and improving existing ones.
As important as knowledge is, it's also very important that it is applied in the most appropriate situations as they demand and at the opportune moments because no matter how good the knowledge is if it is applied to the wrong situation it's never yielding the desired results nor will it achieve the goal if applied too early or too late. so precision is also required and sound knowledge will help you achieve that.
Next is Relationships
have you ever heard the phrase no man is an island?


Good relationships

Well this is practically true both in life and business. If you must build wealth, you must establish healthy personal and business relationships. I believe you would not recommend a store where you were treated badly to a friend neither would you nominate an arrogant shellfish colleague for a promotion or prize.
The key ingredient to succeed in business is making and keeping customers and that isn't a factor totally decided by providing a brilliant solution to their problems, but more in the relationship between your business or person and the customers or clients. You may not be in the profession of buying and selling maybe you are an investor or service provider a student an inventor the list goes on but the bottom line remains that your network determines your networth.

There's no better time to start building the life of your dreams than now and one very important tool you will need is the skill of creating and fostering healthy relationships

Value.
According to Webster value is a fair return or equivalent in goods, services, or money for something exchanged. Focus is on exchange so it isn't potential but kinetic. It's about what you put out into the world through your business or person that helps people solve their problems or prevent those problems. Value has to be given before you can earn an income either at a job or enterprise. A barber provides value by giving clients haircuts and if he happens to be the best he can charge a higher fee for services.



The more valuable you are the more returns you'll get. Key to delivering value is to "be" value as an individual irrespective of your profession or engagements you need to be a source of value it will automatically make you a magnet that constantly attracts success,happiness and wealth. Some essential values are
Bravery: In recognizing and pursuing and opportunity, an entrepreneur requires bravery. Bravery, which springs from natural creativity and a determined spirit, helps the entrepreneur deal with discouragement and even defeat.

Vision: Vision allows the you to see past your current position and beyond limited resources to more fully appreciate the potential of the future.Respect for self and others. Respect for one’s self and others is essential. It enables the individual to appreciate his or her efforts, relate effectively to family and community, and motivate others. This respect, which stems from pride, hope, and enthusiasm, frees you from the obstacles of low self-esteem, hopelessness, and anger.

Trust: . Trust, which results from reliability, compassion, and gentleness, permits Anyone to overcome mistrust, selfishness, and ruthlessness as they deals with employees, employers, customers, and vendors.

Honesty: An entrepreneur must be honest in financing the company and managing the assets of the firm. Honesty, which emanates from decisiveness in taking risks and making choices, lets the you avoid false security and stay calm amid confusing situations.

Generosity: In directing the management and operations of a growing business, an individual should be generous. Generosity, which develops from supporting and leading others, permits an entrepreneur to eliminate racial bias, reduce resistance to change, and heal dysfunctions within the organization.

Fortitude: An entrepreneur requires fortitude to keep a business strong and eventually bring it to harvest. Fortitude stems from persistence, realism, and consistency, strengthens the entrepreneur against scattered thinking and giving up.There's no such a thing as unfair advantage, but if it existed it will be within these three variables I've outlined. Knowledge puts you in a better position to recognize and create value establish and maintaining relationships, value attracts people to you. while good relationships retain them.

Let's hear from you in the comments section.
[/size] I teach practical principles of wealth at. https://wealthmindset932385621./blog/