It’s a common and important query. Let’s compare, iImagine if there was an investment that…
- Is tax free
- Cannot be taken from you
- Only ever appreciates (when you use it)
- Pays dividends
- Compounds
- You can use daily
- Provides consistent cashflow EVERY day
Sounds a little too good to be true right? Actually this exists and it’s also something that we have instant access to. It’s the asset known as knowledge. Having more of it will give us all of the above benefits (and probably some more too)
I often see people looking for the easy route to wealth. The truth is that it rarely exists, and is probably pretty risky. Investing is VERY cool – and definitely useful. We should understand it (again knowledge) and/or obtain the help of a qualified professional.
But the truth is that it generally takes decades before we see results. (ever wonder why most retire later in life?) The more we know, the more wealth we can generate TODAY. Actually if you think about it – all success in ANY area of our life extends from knowing more. Then we get to CHOOSE our next move is rather than going with the flow.
Life is categorically NOT all about making money (far from it). But we should be allowed to talk about it when it will allow us to have more freedom (more time to do the things we want, help others, have more FUN amongst other things).
It’s why I’m always banging on about books
Knowledge is power after all…
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The Role Of Luck In Investing
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