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Lakshmi, Saraswati And Wealth


wealthymatters

The common belief is that Lakshmi (goddess of wealth) and Saraswati (goddess of knowledge) always fight and avoid staying in the same place. This is based on the observation that rich businessmen tend to be uneducated and educated people tend to be poor. This is also based on the assumption that Saraswati is the goddess of education, learning and training. This understanding of Saraswati is rather pedestrian, and lacks insight. Read more of this post

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Act On Your Knowledge


wealthymatters.comThe diagram on the left is from http://wamyentrepreneur.wordpress.com/2012/07/21/route-to-possession_part-two/

It drives home a very important point:If you would be wealthy knowledge is important, but acting on your knowledge is more important.You make money in proportion to the amount of Right Action you have done rather than Right Information/Knowledge/Thoughts you have.As the author puts it ” Knowledge is not possession, this is to say that to know does not imply automatic acquiring; it merely opens our eyes to possibilities and like belief, it must be acted upon for it to yield fruits…”

A person who picks a good stock at random and a person who does so using a fundamental analysis of the company are at the same situation.They have arrived at the right prospect.Now the important thing is who buys how much and hangs on to it.The only advantage the person who can do the analysis has over the other is that he can find other opportunities.But in life just one right decision and one right action can make a person wealthy (and the reverse is also true.)

An action bias is fundamental to becoming wealthy.Knowledge,experience and patience just help fine tune one’s ability to accumulate wealth.

The Basis Of Real Independence


wealthymatters.com“If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.” ——Henry Ford.

Merely transferring money to children will not make them and keep them wealthy.They need to know how to make it and keep it in the real world.Basically develop their common sense.

Merely becoming wealthy will not set a person free unless like Henry Ford we can say:“If I lose a billion dollars, I will have it back in less than five years.”

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