Personal Finance in a Changing Economy: Don't Be a Fool

Do you know one of the greatest manuals I use to help gain insight into making Money Smart decisions?  When it comes to managing money, discerning on what opportunities to take advantage of and people to surround myself with, there is no greater book to help me than the book of Proverbs.This month begins one of my favorite times of the year.  Being the big jokester I am, April Fool’s Day has brought some of the funniest times and biggest pranks of my life.

The book of Proverbs can be found in the Old Testament in the Bible.  Now I'm not preaching here or imparting my faith...but using the "one-liners" in Proverbs has had a profound effect on how I make decisions.

To help me get through challenges and sift through opportunities in my life, is the wisdom shared by one of the richest and wisest kings who ever lived, King Solomon.

King Solomon led the people of Israel, through a golden age of wealth, happiness and prosperity...some say he was the GREATEST King whoever lived.

With this premise, I challenged myself years ago to study a Proverb a day for a month.

When King Solomon took over as King from his father David (who slew Goliath), the first thing Solomon asked for as a teenage King when he took the throne, was asking God to help him NOT with more money, or to conquer new lands and opportunities...but he asked for WISDOM!

God was so pleased that He gave Solomon not only WISDOM...but riches too!

You see, money alone, doesn’t solve problems like you think it would.  In fact, my experience is that it only magnifies the condition of my heart.

In order to build lasting, true a life of happiness and fulfillment...requires wisdom.  And wisdom as I define it is knowledge TIMES experience.

It’s smart to learn from your own mistakes...but WISER to learn from the mistakes of others.

I took my kids to a birthday party today at Fleetwood Roller Rink on Harlem and Archer.  Watching people slide around the rink with wheels on their feet is like how some people approach money and success.

It looks EASY when someone else is doing it, it’s another thing when it’s YOU lacing up roller skates on your OWN feet and keeping balanced!

No matter how great you think you are, a pair of roller skates have a funny way of telling the real truth as you wave your hands in the air trying to keep your balance!

Proverbs 1:7 says...”The fear of the LORD is the beginning of knowledge, but fools despise wisdom and discipline.”

If you find yourself being challenged by a new financial, career or business situation and it’s not comfortable for you...don’t be so fast and foolishly dismiss things and go back to what you think you know.  It may be an opportunity for you to learn and grow!

At a recent financial workshop we were conducting, a 100 year old lady was sitting there taking notes.  I asked her, “Haven’t you gotten your money situation right, by now?”

Although financially sound, she said, “I don’t let my education, get in the front of my learning!”

Amen to that.

There's is ALWAYS something to be learned, not matter how mature or experienced you are!

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