Some people learn by listening. Others learn by seeing. Others, still, learn by doing. Nothing’s wrong with being one or the other type of learner. In fact, most people learn using two or three of these aspects. But if you are the type who learns by experience, then you might find yourself in a pickle if you act on ill-advised schemes.
It’s even riskier when the subject of your adventurousness happens to be your finances — worse still when you are your family’s sole breadwinner. Would you be willing to gamble your and your loved ones’ financial security for an experiment that you aren’t sure will succeed?
Of course not! The entire point of attempting to grow your money is to support your family and allow them to live in comfort. Don’t lose sight of that.
It doesn’t mean, however, that you should avoid learning by doing and always opt to play it safe. Or that you should try changing who you are and become more adept at another type of learning. Fortunately, with some smart choices and enough forethought, you can confidently practice growing your monetary assets in the best way you learn.
To achieve your goals, you must never be without two things: reliable information and a mentor you can trust.
For obvious reasons, studying the relevant material and the situation you’re about to jump into will be crucial to the success of your venture. But raw knowledge can only get you so far. You’ll also need someone more experienced to guide you as you go along. You’ll need a mentor.
A mentor will have likely gone through the trials of growing their finances and come out better on the other side. Their experiences should be a source of knowledge upon which you should base what you do and what you avoid doing. This is especially true if you’re someone who learns by acting; you won’t find a better source than a first-hand account from someone who’d already done it, after all.
The path to learning how to manage and grow your finances can be tricky. It is often perilous. But it doesn’t have to be costly. If you understand things better when you act, you don’t have to jeopardize your hard-earned money by participating in a scheme. You just need to find and ask for help.