“The more value you add to yourself, the more value you add to people around you” someone once said. In our journey to become financially literate, we must increase our ability to learn. I would be looking at increasing our ability to learn from two angles which are:
1 Gaining Financial Wisdom
Wisdom can be defined as the accumulated knowledge of life or of a sphere of activity that has been gained through experience. As growing financial literates, we may have little experience about earning wisely, saving wisely and investing wisely but we can draw knowledge from others’ experience-those who are professionally inclined in financial matters. Most of these secrets have already been published in books. The treasures of this world are hidden in books therefore READ! You can’t have enough knowledge about something. There are a number of books on financial wisdom, some of which are popular therefore, grab your own copy now. Reading has become easy these days as you can read a soft copy of a book on your gadget.
- Gaining Knowledge on Investment Opportunities
Our society offers too many opportunities to be ignored. Someone once said “You don’t have to know everything about something but you can know something about everything”. The little knowledge here and there opens your perception towards some areas of investment opportunities that others may not see. It could be from the sectors of agriculture, food processing, construction & real estates, tourism & hospitality, internet services, trade, transport, energy…whatever the sector, just GAIN KNOWLEDGE THAT WILL BE USEFUL.
At this point, let me state some phases culled from The Richest Man in Babylon by George S. Clason
- “The more wisdom we know, the more we may earn”
- “Cultivate thy own powers, to study and become wiser to become skilful, to so act as to respect thyself”
Remember, wisdom gained without application is useless therefore apply that which you learn.
Finally increase your ability to learn and so gain wisdom in gaining more money. HAPPY LEARNING
For contributions to this blog, you can contact me on: firstname.lastname@example.org.
Originally posted on April 10th 2016 on www.thefinancialliterate.wordpress.com (A previous version of The Financial Literate Blog)