Where Do the Wealthy Learn About Money?
I've been pondering a question lately. Where do the wealthy learn about money? What secrets do they hold that the rest don't? To give you some perspective, Kenya has approximately 7,000 dollar millionaires, Africa has about 140,000, and there are over 59 million dollar millionaires worldwide. Clearly, there's something these individuals understand that sets them apart.
The answer often lies in information. Like any game, money has rules – and those who know them play better. This isn't about hoarding secrets, it's about understanding how the system works. The wealthy have often cracked this code, either through experience, mentorship or intentional learning. This asymmetry of information gives them an unfair advantage. But what if we could level the playing field?
My Journey to Decode Money
I believe that to master anything, you must understand it deeply. The best way to understand is to talk about it, share it and teach it. That's why I'm starting "Decoding Money." I'm not just sharing what I already know, I'm learning alongside you. I'm intentionally consuming content from the world's top performers – podcasts like The Diary of a CEO and Cleaning the Airwaves, books like The Psychology of Money, and more. I'll share the insights I learn, turning complex financial concepts into actionable knowledge.
Luck Favors the Prepared Mind
Another aspect to consider is the role of luck in success. While luck does play a significant part, being prepared when an opportunity presents itself is crucial. You need to have the skills and knowledge to recognize and seize these opportunities. This involves continuous learning, staying informed and being adaptable. It's about positioning yourself so that when luck does come your way, you're ready to take full advantage.
From Earner to Owner: Building Your Army of Capital
Employment is often a means to an end – a way to earn a living. But to truly join the 1%, we must shift our mindset from earner to owner. Instead of trading our time for money, we need to build an "army of capital" – investments that work for us 24/7, generating income even while we sleep. This is the path to financial freedom, where money works for you, not the other way around.
Conclusion
"Decoding Money" is more than just a series, it's a movement. Let's learn together, share our experiences, and empower each other to make smarter financial decisions. Remember, knowledge is power. By decoding the mysteries of money, we can all build a brighter and more financially secure future.