This week I’ve been focusing on the virtue of specialized knowledge, the fourth step toward riches in Think and Grow Rich. Specialized knowledge, according to Openknowledge.net, is “a type of knowledge that only few people possess, and which is characterized by an understanding of a highly complex field of expertise.” People who have specialized knowledge in a certain field are generally called specialists. In contrast, an example for general knowledge would be knowing who is president of your country at the moment, while an example for specialized knowledge would be knowing how to create a titanium alloy.
To be of benefit, specialized knowledge must be organized and intelligently directed, through practical plans of action, to the definite end of accumulating that which one desires. A lack of specialized knowledge may be overcome by use of a Mastermind Group…two or more people working in perfect harmony. The Master Key Master Mind Alliance is one such group.