The Learning Process About Money And Wealth

The Learning Process About Money And Wealth

What did you learn about money? Where did you learn about money or​ wealth?

Let us touch on​ the​ issue of​ our basic educational institutions,​ the​ schools,​ where we​ learn about the​ facts of​ life.

What are the​ subjects covered in​ school?

Language,​ mathematics,​ science,​ history,​ social studies,​ religion,​ among others are all important for us to​ study to​ blend ourselves well with society.

Even in​ the​ collegiate level,​ depending on​ what course one chooses to​ take,​ lessons are concentrated on​ the​ theories,​ principles and/or basics which are hardly in​ consonance with the​ real world.

How do we​ learn new things?

Reading websites,​ attending seminars,​ and talking to​ people more knowledgeable on​ the​ subject are some of​ the​ ways. we​ also learn by making mistakes,​ like babies learning to​ walk.

It is​ like roller skating where we​ get bruises every time we​ fall. the​ message is: “Don’t let mistakes stop you from learning. Learn from those mistakes and let them encourage you to​ learn more.”

Always bear in​ mind that education in​ school is​ only the​ fundamental foundation of​ general knowledge. Outside school ,​ we​ must gather as​ much skills as​ possible especially those pertaining to​ creating wealth.

I firmly believe that one’s choice of​ endeavor must be anchored on​ love. Because when you love what you do,​ you will enjoy and take good care of​ it,​ not to​ mention the​ benefits it​ will bring to​ your health. With this in​ mind and in​ heart,​ you are following the​ dream of​ your life and you can use this principle in​ the​ choice of​ your business to​ gain wealth.

Loving is​ one thing. Knowing is​ another. Know your business. Know how to​ go about it. it​ is​ imperative that you acquire financial knowledge to​ gain wealth.

Today,​ information is​ wealth. Get to​ know what is​ going on​ around you. You will find opportunities to​ get rich from information that is​ current.

Time can be of​ the​ essence depending on​ the​ subject of​ the​ business. Knowledge on​ the​ business is​ vital; that is​ why learning is​ a​ non-stop process. You need not necessarily be familiar with a​ particular business,​ but you must learn to​ know the​ business before you get involved in​ it.

People who have actual experiences on​ a​ subject are the​ ones you can talk to​ in​ gathering information. Do not listen to​ hearsay or​ to​ those who neither know nor have any experience on​ the​ subject. Knowing is​ an​ asset; not knowing is​ a​ liability. That is​ why,​ information is​ wealth.

Exchange information regarding financial matters with your colleagues as​ frequently as​ possible. This is​ one way to​ acquire updated news.

On topics that are not clear or​ familiar to​ you,​ ask questions (rather than pretend you know when you don’t) and be generous to​ share what you know when asked. Opportunities are sometimes born spontaneously in​ discussions that are beneficial to​ either or​ both parties.

The risk factor is​ always there even if​ you know the​ business. This is​ inherent in​ every type of​ business. But risk can be managed and kept to​ a​ minimum if​ you have the​ proper knowledge.

Gathering information may be time consuming but time well spent. Sometimes,​ it​ takes more time to​ gather information than the​ business itself. Keep in​ mind though that timing (when to​ act) could be important in​ the​ business you are interested in.

How much you know is​ different from how fast you know. Remember the​ old saying: “The early bird catches the​ worm?”

The first or​ earliest to​ know gets the​ opportunity. if​ you know of​ an​ opportunity that is​ not yet in​ the​ news,​ it’s good news. Stay focused. Keep a​ clear and keen mind. Just like the​ advice of​ a​ weather station: “Know before you go.” the​ same thing is​ true in​ business: “Know before you go (into action).”

When in​ business,​ you must learn to​ manage the​ flow of​ money,​ your people,​ and your system. Get to​ know where the​ money you invest should be at​ any particular time so that you don’t get cash strapped in​ the​ middle of​ your transactions. Make sure your money flows smoothly to​ where it​ should be. Learn to​ manage your people. They work for you,​ so take good care of​ them and they will take good care of​ your business.

Systematize your work flow. This will cut wasted time,​ energy,​ and money as​ well. What you save is​ additional profit.

Keep in​ mind to​ leave some time for your out-of-business activities too,​ like family and social affairs. Like giving credit to​ where credit is​ due,​ give time to​ where time is​ due. Think of​ ways to​ do more in​ less time. This will increase your profit margin making you more competitive.

Most people find difficulty in​ marketing or​ selling products and / or​ services. it​ takes time and patience for your prospective clients to​ get acquainted with what you’re offering. Their most likely first reaction is​ to​ reject it. This is​ normal. With the​ right people negotiating and handling the​ marketing aspects of​ your business,​ you can surmount this difficulty and eventually come up with positive results.

Communication skill is​ very important. it​ is​ your eyes,​ ears,​ and mouth rolled into one. it​ is​ a​ friendly spy to​ keep you updated and more knowledgeable. Without it,​ you’ll be groping in​ the​ dark.

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