One thing I’ve come to realize is that it is easy to read a lot of books about finance and some of these books will give you all the tools you need but the problem is people don’t try at the end of the day. One major important aspect of skill is that you must put it into use and when it comes to finance people don’t know that it is a skill because it’s more of what you know and what you practice, It is not always about knowledge alone that’s why you can be knowledgeable about money and still be broke.
Knowledge will make you look smart because you know something about everything. It will make you sound smart but it will be very terrible when you are smart but you have nothing to show for it. Most people are very smart when it comes to finance, but they are broke simply because they are not trying and wanting to acquire the skill, it is not about teaching alone but You have to put it into use. You can know everything about Finance but if you’re not doing anything about it, you will never get better. You will stay the same for the rest of your life.
People are scared
When you tell people about how you make money one of the common responses you get from them Is that “it is impossible”. Instead of them asking you how you are doing it. The main reason why they ask such questions is that they are not ready to try, people hate risk so much that they allow their knowledge to go to waste because of the fear of trying fear or not losing their money. In Finance, you don’t have to start from a difficult angle, There is always a way that you can play it safe. Playing it safe might not give you a lot of money, but it is a good way to start.
The funniest part about people is that they don’t want to play safe because there is not a lot of money in playing safe. They want to go all but they don't want to lose their money and this is why they do nothing. They just remain the same for the best part of their life running away from risk. The truth is, you cannot have it figured out at once you have to start from somewhere. You don’t have to go in Big but do it one step at a time and you will develop this skill and you will have the experience you need the most, especially when it comes to finance, experience is priceless.
It is what you know true experience that is your greatest wealth
What you know alone will not help you when it comes to Finance because there are things that you don’t know and those are your greatest risks. Most projects have the mind of succeeding but things that they don’t know kill most projects, which are the risks and this is where experience comes in. Experience will teach you and let you see beyond things that you know.
When you invite an experienced investor to buy real estate or stock they are viewpoint is always different because they have the experience and experience is the greatest wealth. It is important to know that reading about finances is not always enough, You have to try and keep trying to increase your chances of succeeding. This is how you add assets to your collection and the number one asset is experience. This makes you different from 90% of people all over the world.
Thanks for your time.
