Things I want to teach El about money:
It's a tool. There are a lot of people who do really good/smart things with money and there are plenty who do bad/stupid things with money. Neither of these is a result of the quantity or quality of the money.
Education is a tool. The accepted norm of education lasting well into the 20's and 30's is crap. A smart person isn't one with lots of acronyms behind their name. A smart person is one who can apply knowledge to life in such a way so their lives and the lives of others are improved. Colleges are turning out some really stupid, yet highly educated, individuals.
Don't go get a job. Hone your skills. Make yourself valuable. Market yourself effectively. Jobs, if you need one, will be plentiful. Even better, create a job. Go and do something the market needs done. Most of all, keep your eternal perspective. Creativity and investing in the lives of people both have eternal echoes. Be an entrepreneur.
People who fail can tell you how something should not be done. Find those who succeeded to learn how things should be done. People who are less able or less successful are often much quicker to give advice. Misery loves company. Find someone who is entirely too busy to spend time teaching you and get them to teach you. Don't listen to naysayers. Most of them will later be employees or customers of yours.
Learn present value and future value calculations. Learn why cash flow is king. Learn why a personal residence is not an asset (neither is a car). Most people never learn these things. Don't be like most people.
Wealth is not to be hoarded. All of the above advice makes it sound like you should build your life based on piles and piles of cash. That's crap. Wealth is a tool to accomplish your eternal purpose. Give it all away. Teach others what you know. Live below your means.
It's a tool. There are a lot of people who do really good/smart things with money and there are plenty who do bad/stupid things with money. Neither of these is a result of the quantity or quality of the money.
Education is a tool. The accepted norm of education lasting well into the 20's and 30's is crap. A smart person isn't one with lots of acronyms behind their name. A smart person is one who can apply knowledge to life in such a way so their lives and the lives of others are improved. Colleges are turning out some really stupid, yet highly educated, individuals.
Don't go get a job. Hone your skills. Make yourself valuable. Market yourself effectively. Jobs, if you need one, will be plentiful. Even better, create a job. Go and do something the market needs done. Most of all, keep your eternal perspective. Creativity and investing in the lives of people both have eternal echoes. Be an entrepreneur.
People who fail can tell you how something should not be done. Find those who succeeded to learn how things should be done. People who are less able or less successful are often much quicker to give advice. Misery loves company. Find someone who is entirely too busy to spend time teaching you and get them to teach you. Don't listen to naysayers. Most of them will later be employees or customers of yours.
Learn present value and future value calculations. Learn why cash flow is king. Learn why a personal residence is not an asset (neither is a car). Most people never learn these things. Don't be like most people.
Wealth is not to be hoarded. All of the above advice makes it sound like you should build your life based on piles and piles of cash. That's crap. Wealth is a tool to accomplish your eternal purpose. Give it all away. Teach others what you know. Live below your means.
posted by Chitchat at 10:32 AM
0 Comments:
Post a Comment
<< Home