Importance of Investing In Yourself and Financially

I feel it is time to expand and talk about the subjects real dear to my heart. I am an investing enthusiast, I strongly believe in investing in your knowledge and then investing with your finances to enable a more prosperous future. 

Robert Kiyosaki, the man behind the Rich Dad series, has been a huge inspiration and he pointed out, in Rich Dad's guide to investing, that the three Es are critical when it comes to investing.

 1) Education

 2) Experience 

3) Excess cash 

That is the running order, notice that he didn't say excess cash, education then experience or experience, excess cash and then education. It is in that order for a reason, to highlight that education is of utmost importance when learning to invest for profit.

 Everyone wants to be rich, but wanting to be rich and working to become rich are two totally different things. Most people love the idea around being rich and being able to afford more than just to pay their bills. But most are unwilling to invest the most important asset when it comes to the subject of investing. As Rich Dad pointed out it's not the excess cash that makes you money, it is the education. So the most important asset a person can invest is their time. Their time to learn how to invest. 

To invest is to commit, to spend or devote for future advantage or benefit. So for people that want more than a life of living from pay-check to pay-check investing is the way to go. But be sure to follow the order Education, Experience and Excess cash.

 This formula of the three Es should eradicate the beliefs like "you need money to make money", "investing is risky" and "the best way to invest is by putting money in the bank". The last comment is the funniest of them all, some people consider themselves master investors because they save. They save a sufficient amount of money each month and have a low amount of debts so they consider themselves financially literate and money-savvy. Well that doesn't create wealth, that just means this person is cheap. When it comes to saving, we all need to do it, but if that is your only investing activity then tax and inflation will mess you up if human emotion doesn't. 

The government go through periods when they print more money and pump it into the economy, a process known as 'quantitative easing', so you saving money while they print out more means that the value of your money decreases. This is the number one reason why investing in income-producing vehicles is key, because with the economic mess resulting with the decline in state and private pension schemes people are going to be left to fend for themselves when they retire. So start investing, first in yourself and your knowledge, so you can have a more prosperous future. 

Article Source: https://EzineArticles.com/expert/Christopher_JL_White/93641