Knowledge gives you the power to discern between a genuine opportunity and one with no merit. Until our education system changes, self-education is an essential part of gaining the required knowledge.
No-one can guarantee that every decision you make will be the right one, but the more knowledge you have, the more confident you will become about making the right choices.
Some people say knowledge is power. I have not found this to be true. If it were so, then university professors would be rich. In fact, the world is full of intelligent and well-educated people who aren’t wealthy. They have lots of knowledge (and information) but don’t always take the risks to put their knowledge to work. The fact is that you must act on your knowledge for it to become powerful.
One of the most important life and success lessons I have learnt is that: Action is the only thing that counts! Even clumsy, misguided or inefficient action will bring results. Maybe they won’t be the most wonderful results or the desired results, but action always creates an outcome.
A famous footballer was talking to a group of young, admiring students, some of whom were determined to become professional footballers when they were older. As he started his talk he asked: “How many of you really want to play football professionally?” A flurry of hands shot into the air. “In that case,” he continued, “the best advice I can give you is to go out and play football.” Then he left the room.
You can spend a tidy sum on a new car, but until you start the engine, put it in gear, take your foot off the brake and accelerate, nothing will happen. In the same way, reading these inspirational pages on growing rich and becoming wealthy will be of little value to you unless you get yourself into gear.
A famous sportsperson once said: “You miss 100 per cent of the shots you never take.”
Likewise you will miss 100 per cent of any goal, financial target, dream or project unless you give it a go. In baseball, they say: “you can’t hit a home run unless you step up to the plate”. In fishing terminology they say: “you can’t catch fish unless you put your line into the water”. And I’m here to tell you that you won’t become wealthy unless you actually do something about it!
If you want to be wealthy, you have to have the courage to go out there and make things happen by taking action. You may not get it right first time and you will almost certainly make mistakes. That’s OK. Even though they may seem major at the time, those early mistakes usually don’t turn out to be all that significant in the long run. But you have to START. Take the first steps (no matter how small) to transform your dream of building wealth into reality. Don’t wait until you know “everything”. That day will never come. Just go out there and get started – NOW!
Even if you make a lot of mistakes, you can still make a fortune in your lifetime. Wealthy people make far more mistakes with their money than most people because they take risks. They understand that in order to win you must also be willing to lose. They also recognise their mistakes quickly, make changes swiftly (cut their losses and get out if necessary) and take more action to move forward.
As long as you take action, you will get results.