“An investment in knowledge pays the best interest.” – Benjamin Franklin
Understand that when you’re trying to build wealth, don’t stray too far from the expert knowledge you’ve already acquired. Invest in what you know.
Don’t simply buy mutual funds or equities your financial planner tells you to invest in. Now you might be saying, “but he’s an expert and I should trust his expertise.” Whatever you gain by consulting his increased knowledge, you lose by not learning how to do it yourself.
That’s why you should build wealth by investing in things you know and understand. Also, that means you’ll know more about those investments than any advisor does anyway.