Train the mind and the matter will follow.
We’ve heard a lot of stories about people winning lottery and ended up with nothing after a few short years. Why? Because the mind is not ready!
A lot of people make the mistake of chasing the matter, such as money and possessions, but they forget to train the mind, building it with knowledge, understanding and wisdom. Thus even when they get the matter, they won’t be able to master it, and end up losing it.
It is important to keep learning. There are so many financial products that can help you to achieve your financial goals. You can’t afford to be ignorant. In finance, ignorance is NOT bliss, but a road to anguish and suffering.
If you do not have the time to learn on your own, then you can ask the help of a financial planner that you can trust. But at the end, it is YOUR money. It is your responsibility to manage it well.
Some people make excuses saying that they only have a small amount of money and it is too troublesome to track and manage it. Well, if you do not manage the small amount that you already have, why do you think you are ready to manage a bigger amount of money?
Before investing your money into financial products that you are not familiar with, invest in yourself by learning and asking questions. Remember to gather information about the product, the return as well as the risk.
Invest in your mind, then and only then invest your money!
Learn and Grow!
Inge Santoso, B. Com, CFP®