Of course it’s money. You can buy all the stuff you see in the world, and when you need knowledge you can buy that too. Just buy those financial consultant’s expertise and you’ll never have to worry about a thing in this world again. Right? Maybe not.
The problem with money is that it can never stay with you.
In 2014, multi-millionaire singer songwriter Rihanna sued her financial adviser after nearly went broke from overspending.1
Her advisor responded, and I quote:
Was it really necessary to tell her that if you spend money for things you will end up with the things, and not the money?
But here is a thing about knowledge: it sticks to your brain as long as you don’t get amnesia.
Even if you lost everything and have to start from scratch.
You already have the knowledge of how money can be made. You aren’t afraid of taking calculated risks.
You love this game since you played it before.
You can see opportunity that no others see.
Some billionaire entrepreneurs said that they have confidence to make their fortunes back in case they have to2.
So on to the conclusion:
It might seem counter intuitive at first, but the truth is that *money is inferior to knowledge. Money comes and go, while knowledge sticks, *and knowing how to make money with certain skills (acting, singing, or even good-old-fashioned business) is NOT the same thing as knowing how to keep that money around. There are so many cases of wealthy people losing their money because they ignore this simple truth. So the next time you have some extra money to spend, try to invest it on knowledge. Understand how to make more money, how to manage it and how to keep it. Then start some business to experiment on making money. Nevermind about big dreams and goals. Just sell things and get money.
Believe me, it will pay off big.