KNOW FOR YOURSELF

"I think we risk becoming the best informed society that has ever died of ignorance." – Reuben Blades 

There is a frightening rumour about a current investment scheme making the rounds. This rumour is capable of causing serious unrest, and panic. Matter of fact, a young man has been weeping profusely as a result. He sold his family property, and invested the proceeds into the scheme expecting to make some profit before he's expected to release the proceeds to his family at Christmas. This young man is in a dilemma now because he has been told the scheme has crashed.

Out of curiosity, some people went to find out the real situation of things about this scheme. From their investigation, it was revealed that the investment scheme

THE GIFT OF MONEY 26; INVEST WISELY

“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble” - Warren Buffet 

One of the most powerful secrets rich people understand is the ability to invest, and the truth is that this keen ability sterns from the virtue of delayed gratification - they are willing to wait a while and grow their capital before expenditure takes place. However, one of the most frequent questions I am asked as a live coach is “what to invest in?” this question I have discovered doesn’t have a "one size fits all" answer. In fact, just because an industry seems to be experiencing a boom doesn’t mean it is the place for everyone to invest in; the truth is that investments must be tailored to individuals.

Charles Francis Adams, the 19th century political figure and diplomat, kept a diary. One day he entered: "Went fishing with my son today - a day wasted." His son, Brook Adams, also kept a diary, which is still in existence. On that same day, Brook Adams made this entry: "Went fishing with my father - the most wonderful day of my life!" The father thought he was wasting his time while fishing with his son, but his son saw it as an investment of time. The only way to tell the difference between wasting and investing, is to know one's ultimate purpose in life and to judge accordingly.