No Quick Fixes

     When speaking with friends about financial education, I’m often asked for a way to make quick money. I understand the reason the question is asked. When financial pressure is increasing and a way out is needed, fast money can provide relief. The problem with fast money is the person’s bad habits don’t change and they never develop a financial education. In time, it’s likely the debt problem will creep up again because the individual remains a poor money manager.

     What the individual is looking for is a quick fix. A quick fix, however, is like putting a band aid over a crack in the wall of a dam. The crack in the wall reveals a structural problem.

     Not being able to manage money reveals a deeper structural issue. The individual is deficient of financial education. With a little effort and tolerance, the cracks can be repaired.

     There is a saying that “small money comes fast and big money takes time.” The truth is it depends on a person’s financial education. For some people, big money comes as fast as the small money, and vice versa. It all points back to the level of financial education.

     From personal experience, whenever I explain why I’ve invested in something, most times the individual can’t grasp the logic. This shows why an investment in financial education is best. Information is useless if a person doesn’t possess the knowledge to analyze it.

     Increasing financial education should be the focus then. By doing so, the individual empowers himself by learning how to maximize wealth through investments that have little risk. This is a good model for accumulating big money.

     Financial education is a process. There’s Deliverance, Discipline, Development, and then Diamond Status. Stay calm and allow the process to work its magic.

Entertain money.