Mr John deals on Yam business. He buys stocks from the farmers and sells to him customers. He learnt from his mentor that it better to buy stock during harvest period when it's cheaper and good form. He store it and prevent pest and wastage and sell them when it's rare and demand is higher thereby making huge profits. While Mr James buys from middlemen, not the farmers and sell them at once because he does not know how to store them too
From the scenerio above, Who do you think will be more successful and what is his secret? Mr. John is wealthy because he is equipped with valuable informations more than Mr. James. Information is power and distinguish one from another.
Sources of Financial Information.
There are many source of financial information. They includes:
- Books
- Seminars/workshop
- Internet
- Mentor/Friends etc.
Although the ability to get informed is natural but effort and discipline is needed to be informed. One seek information and become financial wise when those information/data are applied wisely. Chances always open and without information and readiness, one might lose out woefully. We should always check on the source of information so that we will not be deceived and be duped in the process.
Make good use of financial information.
We only benefit when you make good financial decision based on the information that we acquired. Opportunities are utilized and more profit are make. Mistakes occur at the process, but don't give up. Information are tested when challenged.
Check on your attitude towards risk taking and ability to make financial decision quickly. Let them not to slow you down but gear you up for success .
Think of people that are rich and doing well. Study their lives and apply the information gotten. When challenged, just relax and plan Wisely to overcome because many have thread that same path and they are successful.
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