"An investment in knowledge pays the best interest." — Benjamin Franklin

in #investment3 years ago

Would you like to get rich quickly? There are lots of investment opportunities surrounding us, and you will find YouTube videos by the thousands coming up with the names of projects and companies that will give you fantastic APR and will take you to the moon in a Lambo tomorrow.

But, the best interest is paid in knowledge. Of course, you might look at those YouTube videos in order to gain knowledge and to learn more about projects before you invest, but one thing can be said for sure... The more you know, the more you learn, the more you understand... the lesser the chance of failure will be. How do I know that? There will, of course, be chances of failure, even though you have thorough knowledge and understanding, but you will still invest with a lower risk. How can I say that?

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"An investment in knowledge pays the best interest." — Benjamin Franklin

When you have knowledge and understanding, you will actually be able to understand what a project is all about. Not only will you gain understanding about a project, but you will also find questions and answers to the questions, you will be able to understand where it is going, you have wisdom to understand whether this is a great investment or not, and you will also look at a list of employees or team-members and get a feeling about whether this is a good team or not.

In other words, the more you know and learn, the better possibility you will have of doing a wise investment and taking good care of your money.

In fact, it is biblical to be a good steward of whatever has been given and entrusted us... as a result, I can warmly recommend doing that extra time for studies and trying to understand, discussing with other people, and thus, get a better foundation making it easier to do wise investments in the future.

This is especially important in times like these in which there are thousands of projects promising high APR and promising you easy ways to grow a passive income.

What do you think? Do you have any method for your work before you invest in projects?

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