Knowledge Preparation Very Important

Most people when they are in financial difficulty would think that they don't have enough money. Actually, they don't have enough knowledge how financial system works. Without knowledge preparation, opportunities in front of them are wasted. To make the situation worst, even if the wealth is in their hands it is easily wasted.

Below is an evidence of a sad story which always occur in the society although the situation may be different. You can read further about this family and the mother stupidity here.

She should have entered as many financial classes as possible before spending any money. Before she involved in any business (especially not controlled by her in this case) she MUST buy a house for her family to live in. Then, the balance should be separated for a long term investment, short term investment and then only then for any business. Any investment to be done MUST be based on sound principles. Or else, one can easily be trapped in a Quick Rich Scheme.

It is not easy to start a business especially if one have never involved in a business before. Even a highly educated people fail in many businesses.

Here is another sad story. Although the quantum is less, it is still hard earned money.

You can read the details in here.

The gist is you should always be prepared for the future by continuously learning about financial world and human tricks to cheat.