Invest in knowledge

Most people will invest 4 years to get a degree but few will take the time to learn how to manage money. Don’t be intimidated by the lingo you hear on Wall Street. Yes, you will have to learn certain terms and numbers but there are many books out there that are easy to understand. “Rich Dad, Poor Dad” is a good starting point. The Wealthy Barber and Millionaire Teacher provide anecdotal stories that are easy to digest. If you subscribe to any Rogers Telecommunication Service or know someone who does, you can get the MoneySense magazine for $1/month.

Bottom Line: Take it from the richest man who ever lived, “How much better to get wisdom than gold, to choose understanding rather than silver…For wisdom is more precious than rubies, and nothing you desire can compare with her” – King Solomon Tenth to Sixth Century BC