How to Surround Yourself With Money Experts
For some reason unbeknownst to me, we come out of school with a certificate saying “You’re ready… now go tackle the world”.
This may be just fine for some. But for most, it can be an incredibly daunting and scary time in our lives.
All of a sudden, after years of school pretty much knowing exactly what will happen on any particular day and the next and the next, we are left with a whole big world of uncertainty.
I can safely say that most of us aren’t thinking about things such as choosing the right bank or knowing what superannuation fund will perform better. The only thing remotely related to finance I was thinking about was what beer I was going to be chugging down on the weekend and how much I could afford to buy.
In the Blink of an Eye
But then, in what seems to be a blink of the eye, 10 years go past and we’re changing diapers, paying a mortgage and working for 40 + hours each week in a career with a less than exciting future.
Well, this is precisely where I sit right now. After finally discovering how incredibly valuable books are 2 years ago (I know, I went almost 26 years having only read 5 books. All of which were for school!), I’ve discovered a thing or two about managing personal finances.
The ONE Thing
So how do we learn to be smarter with our money?
The ONE thing that has worked super well for me is to surround myself with people who know more than me. It’s no big secret and is so so simple to do!
You may be saying “well no shit, Matt… I knew that!”
But can you honestly say that you’re doing it?
I work 5 days a week in an office all by myself and come home each day to my family and work on building my business. Then, on weekend I’m busy out with my family having fun or at home doing the usual chores.
How can I surround myself with these experts?
Answer; By leveraging my time and using the pockets of 10, 20, 30 minutes here and there to read, listen and call.
I truly believe that literature and our ability to read is one of our most valuable assets as humans. We can pick up any book and dive into the minds of the greatest thinkers of not only today, but in the entire history of the modern man. A modern day classic that really got my mind ticking about finance is Rich Dad Poor Dad By Robert T. Kiyosaki. This book helped spark my imagination and made me realise that the principal of wealth is simple – collect assets, not liabilities.
The author of “Rich Dad, Poor Dad” – Robert Kiyosaki.
How much time do you
spend waste each day travelling in the car listening to some radio talk show host talking about how ‘hot’ Taylor Swift is right now? If your answer is more than the 5 seconds it takes to turn it off then it’s too long!
A bit harsh I know…
But, really, do yourself a favour and listen to someone who is worth listening to about something that will educate your mind and intrigue your desires.
I love listening to podcasts. I think they’re great. There are thousands upon thousands of interesting people recording podcasts full of value right now that is available to all of us for free. Search the app store for a finance podcast and I can you will be learning from the best.
With the power of the internet, everything is at our fingertips. When I decided to educate myself on money I searched for a financial advisor, gave him a call and arranged a time to chat via Zoom.
He talked with me about our financial situation for over 2 hours giving free advice. I pretty much had a step by step plan on how I could ‘fix’ my current situation. At the end, he offered his services to implement this plan or I could do it myself. I chose the latter – It’s free.
These three things are what had led me to be a learner of personal and business finance. I am by no means an expert but I’m in a far better financial situation than I was before I decided to learn money.
QUESTION(S) OF THE DAY: If you were to recommend a finance book to a friend, what book would it be? Please let me know in the comments.
Resources mentioned in this post:
- Read Rich Dad Poor Dad By Robert T. Kiyosaki
- Find a podcast on the App store
- Conduct free video calls with Zoom
Image credit: www.richdad.com