Blog | Entrepreneurship

Luck isn‘t all it‘s cracked up to be

Read time ...

the online game that increases your financial iq - play now

If you come into money through luck (say, by winning the lottery or receiving an inheritance) then all you’ve gained is the money. But if you lose it, it’s gone for good, and you'll be back to waiting for a lucky break.

On the other hand, if you learn how to create money then you not only have the money, you have the knowledge of how to create it. Even if you lose money you have the knowledge of how to create it again. You will also have the confidence that comes with knowing you can deal with any financial situation. You will become a stronger person in the process.

Most people think that because they have money problems that more money will solve their problems. This is a myth. The truth is that you solve your money problems by learning how to solve your money problems.

Original publish date: September 07, 2010

Recent Posts

The ABCs of Coping with Student Loan Debt

The ABCs of Coping with Student Loan Debt

4 Strategies to Put Student Loan Debt Behind You

Read the full post
How to Spot and Avoid Bad Deals
Personal Finance

Investment Red Flags: How to Spot and Avoid Bad Deals

Spotting red flags in financial deals isn’t just a skill; it’s a necessity in a world where bad actors are always looking for their next victim.

Read the full post