4. Grant Cardone: «The best investment you will ever make is in yourself.»
You are an important catalyst when it comes to building your own personal wealth. Your decisions and actions related to financial issues matter a great deal. No one ever built wealth solely through luck, chance, or making uninformed decisions. Growing your wealth requires a depth of knowledge on financial and business topics. If business and numbers come naturally to you, then that’s an asset.
If not, then you’ll have to make the effort to develop your own financial literacy. If you learn how money works, then you can learn how to grow your wealth. In his iconic book «Rich Dad, Poor Dad» Robert Kiyosaki stated, «Rich people are rich because they are simply more literate in more financial areas than others.»
Dedication to Learning
Putting it into practice: Building wealth requires a dedication to learning. If you’re not well-versed in financial matters, then it’s time to get started. There are numerous resources you can look to such as personal finance books, online courses or in-person events. Start with the basics and slowly work your way up. And if you already have a grasp of personal finance basics, then expand your knowledge base.
You could learn about different types of investments, skills such as how to trade stocks or find out how to build a stream of passive income. When it comes to building wealth, the possibilities are endless and it’s up to you to get access to the knowledge you need to be more financially successful.
