The secret to financial success is to always admit how little you know
Posted: Tue Dec 17, 2024 8:44 am
But saving money by avoiding these types of expenses is not enough to make you rich. You should also look for investment opportunities.
This is because the money you keep in your mattress will not increase in value while sitting there. Even if you opt for something more sensible these days and keep it in the bank, it will only earn you very low interest, it will not make you rich.
Instead of keeping your money in the bank or in your mattress, you should invest your savings in something that will generate more wealth for you, such as stocks or investing in a start-up/business that interests you. If you do the above correctly, your savings will increase in value without you having to make much effort.
Although I have to warn you, when you are going to make an sales marketing directors managers email lists investment you must make sure you do it intelligently: you can only trust your money to people who you are 100% sure know how to use it.
For example, you should not give your money to a taco dealer just because he says he will buy and sell diamonds, even if you believe that everyone wants to buy diamonds and that after all, they are diamonds, “they don’t lose their value.” Now on the other hand, investing your money with a jeweler, with a good reputation and who has been buying and selling diamonds and growing his business for more than 10 years… sounds like a smarter investment.
He probably knows what he's doing and knows a lot more about the jewelry market than you do.
Do you consider yourself a cultured person? Perhaps even a scholar on some subject?
If your answer to any of these questions is “yes,” buckle up because I’m going to shock you.
True wisdom lies in realizing how little you know and admitting it. The great philosopher of ancient Greece, Socrates, who was considered a wise man, said:
Socrates quote
The following philosophy should also be applied when you start learning new things: Don't lie to yourself by thinking that you suddenly know a lot now, instead of thinking that way, calm down, pause for a moment and realize that there is much more to learn.
It is a fact that acquiring new knowledge in turn illuminates new areas of ignorance, if we choose to notice. For example, when you learn the basics of the theory of relativity, you cannot help but find that it is more complicated than you thought, which will make you realize how much you still do not understand.
This is because the money you keep in your mattress will not increase in value while sitting there. Even if you opt for something more sensible these days and keep it in the bank, it will only earn you very low interest, it will not make you rich.
Instead of keeping your money in the bank or in your mattress, you should invest your savings in something that will generate more wealth for you, such as stocks or investing in a start-up/business that interests you. If you do the above correctly, your savings will increase in value without you having to make much effort.
Although I have to warn you, when you are going to make an sales marketing directors managers email lists investment you must make sure you do it intelligently: you can only trust your money to people who you are 100% sure know how to use it.
For example, you should not give your money to a taco dealer just because he says he will buy and sell diamonds, even if you believe that everyone wants to buy diamonds and that after all, they are diamonds, “they don’t lose their value.” Now on the other hand, investing your money with a jeweler, with a good reputation and who has been buying and selling diamonds and growing his business for more than 10 years… sounds like a smarter investment.
He probably knows what he's doing and knows a lot more about the jewelry market than you do.
Do you consider yourself a cultured person? Perhaps even a scholar on some subject?
If your answer to any of these questions is “yes,” buckle up because I’m going to shock you.
True wisdom lies in realizing how little you know and admitting it. The great philosopher of ancient Greece, Socrates, who was considered a wise man, said:
Socrates quote
The following philosophy should also be applied when you start learning new things: Don't lie to yourself by thinking that you suddenly know a lot now, instead of thinking that way, calm down, pause for a moment and realize that there is much more to learn.
It is a fact that acquiring new knowledge in turn illuminates new areas of ignorance, if we choose to notice. For example, when you learn the basics of the theory of relativity, you cannot help but find that it is more complicated than you thought, which will make you realize how much you still do not understand.