First you Learn, then you Earn
First, you Learn, then you Earn
It is not only a catchy slogan; it is a drop of wisdom.
Money management, investing, and business are sectors with their own lingo and principles.
It is important to learn “the timeless rules of the game”. Once you have internalised them, you will have the capacity to build your own assets and generate returns. This will help you secure the means to achieve your goals.
On this subject, I recall a story by the magnate Andrew Carnegie.
His confidence in his business acumen led him to say he would have recovered from the worst losses in a few years, as he knew how to raise capital and manage profitable ventures.
Let me share another bombastic and non-politically correct story by Dan Peña.
He once made a point that, even if we asked the wealthiest individuals to give away all their wealth, they would recover it in a few years because they knew how to raise money and invest it, while the rest of the world only knew how to spend it.
My key takeaway from these eccentric stories is the importance of democratising financial knowledge and promoting the pursuit of financial well-being.
LEARN TO EARN – First you learn, then you earn
In entrepreneurship, personal finance and investing, the goal is to invest in yourself first: first Learn, then earn. A good book is often a good start. Perfectly aligned with today´s core message is a book by Peter Lynch. Peter Lynch is an extremely successful American investor who ran the Fidelity Magellan Fund.
In his Learn to Earn, Lynch and Rothchild explain, in a style accessible to anyone age 16 or older, how to read a stock table in the daily newspaper, how to understand a company’s annual report, and why everyone should pay attention to the stock market.
They explain not only how to invest, but also how to think like an investor.
It was a book I greatly appreciated and is worth reading to Learn to Earn through the Financial Markets: the greatest wealth creation vehicles available, for those who understand how it works! (my emphasis).
Until next time,
Sweat your Assets.
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