Financial literacy can unlock riches

Although I like telling people, what you don't know can't hurt you when I am trying to be selfish, when it comes to one's financial freedom and independence, knowledge is power. The idealistic route to riches is simply becoming financially literate. I know you can argue that knowledge alone isn't enough and I'll give it to you because knowing and doing are two different things.

But for someone really interested in changing the outcome of their living expectations in the future especially when it comes to what they can and cannot afford, I think, knowledge will be a powerful asset to them. Once you have gained the upper hand by understanding how investing, starting a business, etc works, you can fine-tune those magic into portfolios that do the work for you while you sit back and wait for compound interest to do her magic.

However, if you shy away from making the necessary financial due diligence, you will always be stuck on the other side of the road. Which is not good for your financial health.

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Financial literacy is an important attribute to gain as you rally around working your 9-5 or being active on Hive as we all are. It's the focal point that you will use to make all of your financial decisions. Some of those decisions might be winning ones and some may result in losses. It's fine in the sense that you learn as you go and losing is a part of the game.

The best part is that as you learn it becomes easier to spot those gaps and pull your money into them. Mastery also happens in finances and although money has a mind of its own, you can control it to an extent if you study how it works.

With a thorough study which we call doing your research in this part of the world, you will become an investor with the tendency to make buying and selling decisions not just based on emotions but with facts and a dose of reality.

When you reach this level, you can almost see that your portfolio will be reflective of how hard you work to understand how the market works and how you could take advantage of every sways and movement.

It's possible to become rich. It might take time which it should because you need to wait a considerable amount of time to see those investments grow. What will be your saving grace is how literate you are when it comes to your finances.

How you manage funds. How you spend. How you invest. How you pull back from investing. How you go all in even when everyone is crying error. Everything will boil down to your understanding and your financial education.

So it's best if you prioritize this part of your life because it has the tendency to make you wealthy. And to retire to a life you've always dreamed of.

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