Financial Education is the first investment a man should have. Gaining adequate financial knowledge can be useful in creating wealth, making money and even quitting a job.
Personal education about money and wealth is the key to unlock the door of financial success. Without knowledge about finances, a person cannot create financial planning for his future. A person cannot improve or change his life without education.
It was on the first quarter of 2005, I visited one of the book stores in Dubai. I was intrigued by the book entitled “Rich Dad Poor Dad“. I read few pages and I love the contents.
Then, I decided to buy it and bring it to my room. I read the whole book and the rest is history.
This blows my mind. It changes my life with the way I think and spend my money.
That was the start of my awareness and learning process about money and wealth. I was awaken by the truth of finances and why rich people get richer.
It is true that there are no financial literacy lessons in school.
Financial education is not only for those who own tons of money. This is very important for everybody. In fact, if you don’t have this, you will be in financial trouble.
“The number one problem in today’s generation and economy is the lack of financial literacy.” – Alan Grenspan
Before, prior to reading this book, I am not aware at all how wealth is created. Then, I found out that it is possible to build wealth from nothing.
For me, Rich Dad Poor Dad book is one of a great financial education books. It opens my mind and heart.
I learned also that we can let our money work for us. Not like the other way around that we are working for money yet still short of money.
Lack of financial know-how keeps a person poor. It is the ignorance that blocks us the door to financial success.
Financial literacy can help us to take advantage the tax loophole, to lower the risk of losing money and securing a better financial being.
Financial education is the most powerful weapon which you can use to change your life and your financial being.
Financial education is the key to financial success. Reading books like this is the starting point to be financially literate.
We are the main driver of our life. If we want to change our economic or financial status, we have to be financially literate.
Rich people are armed with this education. That is why they are buying time to get rich.
Before making the first step of investing your money, you should invest first yourself. Learn and acquire the knowledge that successful people have.
Rich people invest in acquiring knowledge. They get richer because they are full of financial knowledge and wisdom.
“An investment in knowledge pays the best interest.” – Benjamin Franklin
But for all those who are illiterate, they are selling their time to the wealthy people. Employees are trapped with their job because they are contented to trade their time.
Never overestimate or think that successful people are smarter than you. Some of them are college dropped out or an average only.
One of the geniuses in terms of finances is Bill Gates who bought the time of Mr. Michael Larson to manage his business while he is enjoying most of his time.
Bill Gates is a very busy man, managing his foundation, Bill & Melinda Gates Foundation. He hired Mr. Larson to oversee his company, Cascade Investment LLC.
He became the world’s richest man again even without managing his businesses like Microsoft, Cascade Investment and many more.
He uses his financial education to buy time. He keeps earning bigger income using other people.
Billionaires and millionaires become financially successful because of what they learned about money. They used their financial knowledge to take advantage every opportunity comes on their way.
In fact most wealthy and rich people are paying taxes lower than the middle-class family or their employees.
If you want to become successful, you should do what successful do. If you want to get rich, then you should arm what wealthy people have.