The Power of Financial Knowledge

One scholar once said knowledge is power, another scholar dismissed this assertion. To the latter, his school of thought had it that only applied knowledge is power. Over the years I have come to understand that ignorance is expensive. Knowledge is the key to both making money and managing it.

Capsules of knowledge are hidden in financial lessons. Applying the lessons learnt is the only proof that you have mastered your trade and it is your bridge to accessing uncommon levels of greatness in life.

Financial knowledge is the reason someone can rise from poverty to wealth. It is the reason someone can bounce back from bankruptcy to a millionaire.

Money can end but the ability to produce wealth still exists. The money may not be there but the bank of knowledge can never go bankrupt, the person still has the ability to create wealth. The real wealth is the knowledge you have not the money in the account. Those who forget to invest in knowledge soon loose their money and will to make money again.

What you know is more important than what you have. What you have is a by product of using and applying what you know. Money will not respect you if you don’t have the knowledge to keep it and multiply it. You need a rich mind loaded with rich knowledge in order to be wealthy and successful in life.Jim Rohn observed,  ‘formal education will make you a living, self education will make you a fortune.’

If you are going to live beyond just making a living, invest in self education. Invest in empowering your brain for wealth creation. As one Joseph Obwanda opines investment on the head always pays the best interest. Your financial literacy will determine the money you command. Benjamin Franklin observed, an investment in knowledge pays the best interest.

An uninformed man is a deformed man. Information will increase your intelligence. Information is a valuable currency and asset in the current world that we are living in. Successful people value and invest in information. The wise act out of an informed perspective.

Invest in yourself by acquiring skills, attending seminars and talking with successful persons. Knowledge is the only currency that does not diminish in value. Financial ignorance can cause one to live a life of oblivion. Do pursue new investment opportunities and constantly learn new skills on money management and investing. Your knowledge is your greatest source if financial freedom.