Intellectual but still broke

 

 Why most of us having good degree some even having  doctorate fails when it comes to managing our finance. It has always been seen that many who inherit wealth ends up losing all their wealth because of their poor financial knowledge.If we have the knowledge of finance we could make money work for us and get our-self out of the vicious rat race of earning more and more money,because it is not the money which solves our problem but our knowledge of finance.

As in the words of Warren Buffet,"Don't buy that $300 bag to have nothing in it, buy that $10 bag to have $290 in it. Don't go broke trying to look rich. Once an employee looked at his boss arriving in a brand new Lamborghini he said, "wow that's an amazing car". Then the boss replied if you work hard put all your hours in and strike for excellence, I will get another one next year. Always try to become employer not employee because their is a hard management theory that goes,"workers work hard enough to not be fired, and the owners pay just enough so that workers don't quit".

Therefore if we have the knowledge of finance and understand the secret of compounding we could make money work for us and get our-self out of the rat race and enjoy our life utmost without any impediments as our financial knowledge will take care of our financial health and power of compounding will increase our wealth, so stop disdaining the financial knowledge and always remember the rule, he who has the gold makes the rules.