Why an investment in knowledge pays dividends

An investment in knowledge pays the best interest. ~Benjamin Franklin

We get paid for the value we add. The more value we add the more we get paid. It’s that simple really. If we can solve problems for people with the skills we’ve got then we can earn a very good living. The question is what underpins our skills? That would be knowledge of course.

Knowledge comes from learning and learning is a lifelong process. The quote at the top of this post from the venerable Mr Franklin reminds us of the importance of learning. Essentially through learning we invest in ourselves. We all have enormous capacity to consume and retain knowledge in our heads and that knowledge is then a currency we can trade.

When it comes to investing, nothing will pay off better than making sure you have a good education. And it’s not about whether or not you go to college or university. It ‘s through reading books; listening to audio and video tutorials; and challenging yourself that you’ll master anything to which you turn your hand.

In particular, if you want to master the game of money and all matters financial then you need to become a seeker of financial knowledge and know-how. You need to become a reader and a keen student of finance. To be successful in investing you really do need to know what you’re doing.

Ignorance can prove to be very costly indeed. And that’s true in every aspect of your life. Education may seem expensive but it’s nowhere near as expensive as ignorance. So, if you’re not already, become a reader. The investment in yourself is well worth the effort and it will pay a handsome dividend.

As the great Jim Rohn once said, “Work harder on yourself than you do on your job.”

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