“Invest in Yourself, in your Education. There’s nothing better.” – Sylvia Porter
It is the great economic issue of our time, and it is the great political issue of our time.”
Financial education is very important when it comes to investing.
They say, when you follow the old rules of money, you’re screwed financially.
Your financial adviser will tell you that debt is bad and taxes are inevitable. But the rich understand that both debt and taxes can be used to create immense wealth.
When it comes to debt, there are two kinds—bad and good. When your financial adviser tells you to stay out of debt, she means stay out of bad debt.
Bad debt comes in the form of borrowing money for liabilities such as using credit cards to buy TVs and take vacations, borrowing a line of credit on your personal home, and more. Staying out of bad debt is good advice, but the problem is that your financial adviser won’t tell you about good debt. Good debt is debt used to purchase assets like rental property. When you use the bank’s money to purchase cash-flowing real estate, you use less of your own money to secure an asset by paying only a down payment instead of full price, and your tenant’s rent pays off your debt while you own the asset and pocket the profit. The secret is that most tax benefits are made to help entrepreneurs and investors. With the right financial education, you too can utilize the tax code to not only get richer, but also pay nothing in taxes.
Utilizing good debt and getting richer through taxes takes a high level of financial intelligence. But everyone can learn and put these principles into practices.
When you’re not confident about your knowledge of money, you let others make your financial decisions for you. You let your broker decide how your money should be invested. You let your bank tell you what interest rate is worthy of your money. You follow whatever investing trend is popular in the news.The rich don’t follow the crowds. They set the trends and are gone by the time the trends become mainstream. What’s their secret? They think for themselves about money and make their own financial decisions because they have a high financial intelligence.
The key to building great wealth is having great knowledge to act on and great wisdom to know which course of action is the best.
This kind of knowledge and wisdom only comes through a high financial intelligence gained from applying yourself to financial education.
Are you ready to increase your confidence about money by increasing your financial education? Are you ready to start making your own financial decisions?
Financial Intelligence is the one Investment you can never lose. Financial education is a one-time investment that pays dividends for the rest of your life. People can steal your money, but no one can ever take financial education from you. Once you know it, you can never un-know it. The sooner you seek investor education, the sooner you can begin reaping the rewards. The longer you enjoy financial literacy, the more value you will get from it. So let’s start learning how to invest and manage our personal finances today…
Reference:
www.moneytalkssummit.com
By: Ms. Jeanette L. Estrellado | Limay, Bataan
