Intelligent Investing: Learning what to do
Why investing in knowledge and expertise often brings the highest return:
A few months ago for $ 50 I bought one ebook on investing. In four hours I had read it. Within 12 hours I put the tips within the book to use contained within it. Then again I had to spend about 6 hours to fine tune the prescribed advice. Since then I generate roughly $200-300 per month. I've some friends from emanaged futures (http://www.emanagedfutures.com/) who earn that per trade (multiple times per day) so I realize it's not much.
Oh, well, that not a lot you say? It's better than nothing though, right? It's especially true since it was made without even having to lift another finger. OK, I admit, I look at my earnings almost every day, mostly because I am a very curious person.
Of course, this money is totally legitimate, honest and was earned without any tricks. There's also no big "secret" behind it. Only a very good guide on how to invest step by step with adequate preparation and work, a little brain power and the willingness to do the homework to try and test that the ideals can provide an additional source of income.
Of course I can not live of that money yet (even if I apply the method to other areas and still earn a lot more with it) . However, this small practical example is to show you how fast, direct and long term, the smart investment in "usable knowledge" in knowledge ("how" in the truest sense of the word) can pay off. Money is invested at the best, if more results from that. Henry Ford said that almost everything he earned as an entrepreneur had its origins in the knowledge and expertise that I have acquired mainly from books or from other people.
My current main business, the profitable marketing of services on the Internet is based, in large part on an eBook that I got a few years ago for less than $30. That was probably the most lucrative investment of my life so far. The investment in the proper expertise to each entrepreneur brings a high return. Even if you do not have much money but you want to earn lots of money, knowledge is the place to start. If specific knowledge and expertise for your business is important, then "buy" it also. ... Invest wisely.
