Sunday, January 6, 2013

Financial Ignorance Is Expensive

" The number one problem in today's generation and economy is the lack of financial literacy" - Alan Greenspan

I loved reading Bo Sanchez books. His book "8 Secrets of the Truly Rich" is a good guide of personal experiences, well-researched investment information and sound spiritual guidance. It inspires the readers to have the right attitude towards wealth, and give practical tips on how to achieve financial success.

We all wanted to gain financial freedom, but it does require that we become financial literate. Anyone can do it! It does not require that we should have a lot to get started. Opportunities are always there if we learn the system and start looking. We don't have to be genius. We all have the same sized of brain, so the question is how much of it will we use? If we can read, then we can learn. Will you read just enough to pay your bills or will you read to gain wisdom greater the world has?

Wisdom is an invaluable commodity. It will make you successful if you have it. It is critical that you develop the right mindset.

  • Determine where you are so you can get your life under control and change your direction.
  • Adjust your attitude
  • Develop a passion so you can move forward
  • QUIT MAKING EXCUSES!

All of these depend on developing financial literacy. The trouble is that these are all steps you have to take yourself. No one is going to do the preparation or the work for you. You alone have to make the effort. Look for financial mentors and learned from them.

"If you think financial wisdom is expensive, then try ignorance."


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