5 Easy Financial Resolutions – Part 5
January 11, 2019How much can I REALLY spend in retirement?
February 7, 2019A wise man once said, “It’s not what you know that hurts you. It’s what you know that just ain’t so.”
Have you ever been in an argument with someone who is absolutely sure they are right? And you knew with absolute certainty that they were wrong? It’s amazing how often we take a look at something, draw conclusions and proceed accordingly.
Think about how the experts viewed the world before 1492. No matter who you asked (with very few exceptions) they would all say the world was flat. You could do market research. You could conduct interviews. You could site the experts. And your conclusion would still be wrong. Until Christopher Columbus sailed and discovered the Americas popular opinion didn’t change. And even then, it took a while.
There was a time when people believed the Sun revolved around the Earth. In fact, Galileo was put under house arrest for saying otherwise.
Our world has a history of following the status quo. And those who speak against it are often considered heretics.
If you think about the universe of knowledge, we know what we know. For example, I know that my name is Mary. We also know what we don’t know. For example, I know that I don’t understand astrophysics. But then there is a whole world of information that falls into my blind spot. For example, there are all kinds of things I haven’t even thought to think about. (Do you think cavemen had dreams of computers or cell phones? Do you think they pondered relativity?)
There are really only three ways to increase your universe of knowledge. You can engage in personal study: read books, read magazines, watch videos, and listen to podcasts. You can add new experiences: travel, engage in a new hobby, try new things. And you can absorb someone else’s knowledge – also known as a knowledge transfer.
As you engage in personal study with me, I will transfer what I have learned over my lifetime. In doing so two things will happen. First, I can almost guarantee that you will discover some of the things you currently believe to be true, will turn out to be false. Second, as you absorb new information and begin to think differently about money and about life, your universe of knowledge will expand.
When your universe of knowledge expands, if you apply what I teach, your net worth and your retirement income may expand too. Financial independence may arrive sooner. So, you can enjoy your life as you were meant to live it. The life you dreamed of having.
