We live in the information age, as the leaders or future leaders of our families, we must make it a priority to continue to increase our knowledge. Not just any knowledge, but the knowledge that will help our growth.
Specifically, knowledge that will help you positively impact your health, wealth, and family. I personally started a successful washer/dryer flipping business by watching YouTube videos. I went from knowing absolutely nothing about them, to running my own buying, selling, and repairing business. A lot of people make the mistake and believe that money is power. In reality, knowledge is power. If given the choice between knowledge and money, always choose knowledge - because A fool and his money will soon part. A person can use knowledge to obtain money, that same knowledge can also help that person maintain and even grow their money. Which is why it's vitally important to increase our knowledge as black men in America. The easiest way to increase ones knowledge, is to read. You want to learn how stocks and bonds work - there's books on that, there are websites, and YouTube videos. We have to use any and every resource available to help increase what we know.
-Action Plan-The big question - how can anyone start to increase their knowledge? Ask a lot of questions. Since wealth is a big part of what we are trying to accomplish - try doing this today. Read at least one article on CNN MONEY.com, CNBC.com or the Wall Street Journal about investing. (it doesn't matter which one you choose). Unless your a financial guru, you will come across a term or terms that you aren't familiar with - when this happens - look it up. This is also effective in casual conversations. Look up words or phrases you hear, but don't know their meaning. Read the definition - learn it- then go to YouTube and watch a video on it. I know it sounds simplistic, but in the information age, it really is that simplistic. If you read an article a day, and look up terms you aren't familiar with, you will actively increase your financial knowledge. Increasing your financial knowledge can increase your income. Once you start learning the different investment terms - start putting what you've learned into action - by investing your money.