Formula for Success

First Counselor in the First Presidency

First, fill your mind with truth; second, fill your life with service; and third, fill your heart with love.


Life, Liberty and the Pursuit of Happiness
gratitude: losing yourself in thanks and generosity



§  What is your attitude toward money?
The first thing we need to understand about money is that is not evil. Money is neither good nor bad. The Love of money or the obsession with accumulating money from others unrighteously, no matter what the method, may be evil, but money in and of itself is neither good nor evil.

Money has great power. It is the power to feed ourselves and our families, power to purchase or rent shelter and to buy transportation. It is the power to purchase medicine for our sick children and power to go on missions when we are young and power to go on missions when we are old. The power to purchase clothes to keep us warm when the Rexburg winds blow and chill you to the bone. Realize this million-dollar bill can give the possessor of this bill the power to buy a million hamburgers for hungry children or buy a million bullets to kill the innocent. It can buy a million pills to treat the sick or a million cigarettes to make people sick. It isn't the million dollars that is bad or evil but how it is used. The possession of excess money often reveals or exposes what kind of a person the individual is.

§  How can your view of money affect the way you live?
Money can make good men better. Now I ask you, as Latter-day Saints, should we seek for riches? Jacob, writing in Jacob 2: 18-19 seems to me to say yes, it is alright to seek after money, if we do it in the proper order, after we have received a hope in Christ. And if we seek after money to do good. "After ye have obtained a hope in Christ ye shall obtain riches, if ye seek them; and ye will seek them for the intent to do good - to clothe the naked, and to feed the hungry, and to liberate the captive, and administer relief to the sick and the afflicted." Jacob 2:19. I can testify to this because in my own life, seeking after money and the creation of wealth has enabled me to do many good things that I could not do without money, especially in the area of liberating the captive. This is part of the work my wife and I have been doing for Filipino returned missionaries. We have established an Academy in the Philippines, called the Academy for Creating Enterprise. So far we have graduated more than 10,000 returned missionaries from many different countries who are now becoming self-reliant by applying what they learned at the Academy. Through the wonderful opportunity of education you are liberated and can liberate others that are held captive by their ignorance. One of the big factors that distinguishes the rich from the poor is their chances for learning.

§  What rules are recommended for prospering?
Rule 1. Seek the Lord and have hope in him
Rule 2. Keep the commandments, that includes the temporal ones, tithing and fast offerings.
Rule 3. Think about money and plan how you can become self-reliant.
Rule 4. Take advantage of chances for learning so you will not be ignorant of these matters.
Education, as President Hinckley has taught us, is the Key to Opportunity.
Rule 5. Learn the laws upon which the blessings of wealth are predicated.
Rule 6. Do not send away the naked, the hungry, the thirsty or the sick or those who are held captive.

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