KNOWLEDGE IS KING: YOU CAN FLIP KNOWLEDGE TO LIQUIDITY
I remember in 2019 when someone who I invested all my life savings on, lost all my money and everyone who invested on him, and he said, he can lose everything and build it all back. That felt really powerful, for someone to be that confident to not be scared to start all over again. Losing it all is scary, starting all over again is scarier. Lots of people experience is this, they lose it all, fortunately they start all over again and they make it backs this is all thanks to the knowledge they have. Knowledge is key and shouldn’t be underrated, because, people pay for knowledge everyday.
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The reason you most times pay that electrician is because he has knowledge in his experience that you don’t. If he loses all his life savings, he can still survive, he can start all over again and make back the money. Knowledge when applied to make money it’s called skills, skill is knowledge and skill equals money, that means knowledge is money, hence knowledge is liquidity. Lots of people have found theirselves in this situation, where they lose it all and have no other option but to start all over again. Mistakes happen, no one prays or hopes for that, but when that happens, what do you do? You can either keep crying and wallowing in the past, or move on and convert your knowledge to liquidity.
If you don’t have money to start all over again, leverage on your knowledge and skill, you can start getting paid to reach people what you know, you can help people with your skill and get paid too. For instance, if you are good with trading, and you lost all your money through making bad trade call or being greedy, that loss is a lesson, and can’t be your skill, this time, you will teach people not to be greedy and not lose like you.
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I think what we learn in terms of knowledge stays with us much longer than anything we may earn from it. This makes it important to build and grow one's knowledge base, giving them the ability to earn in any climate or situation they may find themselves.