To get the right answer, you have to ask the right question
Have you ever wondered about some of the following questions?
What makes you comfortable giving your hard earned money to any stranger in a hope of amazing returns?
Who convinced you about the fact you don’t need any finance education and you cannot do it yourself?
Why you are always afraid of financial jargon even though they are just simple terms garbed under the veil of sophistication?
Why many sensible persons and most of them successful in their respective professions are paralyzed by ‘Fear' when it comes to finance and investing?
There might be more questions that you can ask to yourself and wonder why you have never tried to find answers to some of these basic questions.
One possible explanation could be that to be a successful investor of any kind requires actual work and since work is necessarily involved, many people will try to avoid it, since that is human nature.
More plausible reason to avoid learning is that we’ve got limited time and in that time we have several things to do like spending time with our loved ones and jobs and chores that already take more time than we have.
Nevertheless, this is one aspect of life that is far too important to leave to chance.
While trusting others with your money can be a viable option given that you have the ability to find and evaluate skilled people on whom you can rely.
Learning about Finance and investing is that ability that gives us power to evaluate various options and choose the one that we deemed more fruitful.
It is actually a mindset that we can employ to every aspect of our life and not just to the matters related to money.
“Investing is simple, but not easy.”
-- Warren Buffett
It is indeed simple but not easy and it’s not about any ‘secret’ formula but about encouraging people to understand the right mindset while it comes to investing.
As the saying goes,
“In the long run, if you want the best financial advisor in the world, you need to look in the mirror.”
So let’s begin our journey towards financial literacy.