Are Paper Qualifications Important?

When we were young, many of our parents exhorted us to study hard and find a good job. For most common people, the goal of life is to obtain a respectable income, work hard and then retire. For this plan to work – if it even works, that is – one has to obtain certification of the highest calibre possible. Failure to do so would mean a lower income and consequently a less comfortable life. However, industries are no longer looking for individuals with extraordinary academic qualifications. In fact, unemployment numbers are going up and it is common to be retrenched at middle age – commonly known as mid-life crisis. Clearly, relying solely on a high-paying job is not sustainable in the long run. This brings us back to the question: Is certification that important? Is it a crucial part of success? My answer to this is a resounding NO. In this article, I will the discuss the reasons for this viewpoint and attempt to convince my readers that a person’s learning attitude is of higher importance. Before you continue reading, do follow me and subscribe to my newsletter!

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#1: A Person’s Learning Attitude Matters More

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Knowledge without wisdom is inherently useless. Without the desire to learn, to improve and to explore, your mind will be the prison in which you will rot. The world is advancing rapidly even as we speak. Those who do not embrace change will be swept and blindsided by it. In life, we will inevitably face many crises that threaten to turn our lives upside down, the most recent being the COVID-19 pandemic that threatened job security around the world. It is of paramount importance that we learn to adapt to our surroundings and learn a little of everything. Learning a little of everything refers to exploring all sorts of skills and industries with an open heart, regardless of your current biases. Thus, you will be better prepared to move from industry to industry. Those who master this skill will often fare better than those who have loads and loads of qualifications for a certain skill but know nothing about everything else. Those who are overspecialised face higher risks of becoming obsolete. For instance, a world-class pianist who loses control of his hands due to paralysis will not be able to earn as much as he used to. Furthermore, he has no skills that are valuable in other industries. In other words, placing all your eggs in one basket is not a wise decision.

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#2: Certification Is Nothing If You Lack Financial Intelligence

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Why is it that there are highly educated individuals who face money problems or bankruptcy? How is it that individuals such as Warren Buffett and Donald Trump, who may seem less educated and qualified, are able to build their wealth while others struggle? The difference between the upper and middle classes is financial intelligence. In other words, those who do not know how to control their finances will eventually find themselves controlled by money. How is this so? See, the difference is that the rich let money work for them, while the poor work all their lives for money. The poor work incessantly – our parents once told us to “work hard and get a secure, high paying job” – in hopes of a pay raise. Even after these individuals obtain their beloved pay raises, they still have no idea how to use their hard-earned cash. Often, they lose their hard-earned cash due to taxes and high expenses, which threaten to devour them alive. And when they find themselves without a job, they realise they have nothing left – assets – to rely on. Those who believe that the government care for them will also find themselves disappointed – there has been cases, not only in the US, where governments are unable to provide the money for citizens’ retirement. The rich on the other hand, spend their lives buying assets – stocks, bonds and real estate. Moreover, the rich lead frugal lifestyles so as to reduce their expenses and set aside more towards assets. Initially, time and effort is required in managing and growing these assets. However, after a period of time, the assets no longer need the care of their owners – these assets have become so extensive and self-sustaining that they are paying for themselves over and over. This is much like growing a tree – at first, extensive and regular watering is needed. However, after a while, the tree’s roots become so deep and extensive that they no longer need the support of their owners. In other words, the rich no longer have to work for money, as money works for them now. In conclusion, certification will not help you, in any way, to effectively survive the conditions of this world. You need to have the attitude to learn and diligently build up your financial intelligence.

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#3: Social Intelligence Plays A Bigger Part In Success Than Certification

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Every human brain consists of the left hemisphere, which is responsible for technical knowledge such as mathematics, and the right hemisphere, which is responsible for more abstract subjects like emotions and visualisation. Often, we focus on cultivating our left brains so much that we forget about the right. A scientist can make amazing discoveries, but without the skill to present it to others, his work inevitably ends up lost in time. No one is an island. Each and every one of us has to work with others one way or another. As the saying goes, “If you want to go fast, go alone. If you want to go far, go together.” Without the help of others, we will struggle on the path to success – some of us may even die trying. On the other hand, with the support of our friends, associates and loved ones, attaining success becomes easier. That being said, developing one’s social intelligence is easier said than done. Cultivating it requires self-reflection and empathy. Furthermore, the building of trust between 2 or more parties requires time. While it is difficult, mastering the art of social intelligence will pay dividends down the road and make life easier.

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Conclusion

Moral of the story: Certification is not a one-way ticket to success. To achieve success, one must cultivate one’s financial and social intelligence, and possess the passion to learn continuously. The world is changing rapidly. We should embrace change rather than go against it. I hope that you found some enlightenment from my article. If you did find this article helpful, do consider giving it a like! Do follow me and subscribe to my newsletter if you haven’t done so! Thanks for reading!

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Further Reading

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Here’s Why YOU Should Write

Writing is something we have been doing ever since our childhoods. All we had to do was pick up a pen or pencil and scribble away. Back in our younger days, writing seemed fun, even transcendent. Now, many of us find it a boring to do, even worse so when we don’t have the option to type. Technology has rewired our minds to prefer things that are more efficient, simple and elegant. We hate apps that have an obnoxious design. Meanwhile, tech companies are trying to make their devices and appliances thinner and lighter. Many of us fail to see the value of writing and dismiss it as a mere hobby or an ancient relic of the past. At most, we only write down what we need to get at the supermarket. What’s even funnier is that our vocabulary has gradually degraded overtime. In fact, I encounter many people who know no substitute for the word “happy” when chatting on WhatsApp. So why should we write then, given that technological advances have basically eroded the need for writing? In this article, I shall discuss this topic in greater detail. Before you continue reading, do follow me and subscribe to my newsletter!

#1: Writing Helps You To Express Your Feelings

Writing is a great way to release stress – a feeling we all know too well. We have become increasingly absorbed with our jobs and commitments, leaving us with little time for reflection. Many of us have become mindless robots, following a set routine – wake up, work, sleep, repeat. To many, the word “tomorrow” is no different to the word “today”. It’s all the same to them. Writing gives you a sense of time, a sense of what you have done in the present day and what you look forward for the next. This helps to break the monotony between days and allows us to better understand our deepest emotions. Often, we ignore these emotions, hiding them. And when they finally explode, our lives take a big hit. In summary, writing is a great way to understand your thoughts, thoughts that disappear and appear throughout the day. By penning them down on paper, you will be able to capture and study them.

#2: It Lets Your Creativity Run Wild

Much like drawing or painting, writing is a way to express your innate creativity. You can write anything you want. Love science fiction? Go ahead and describe the world of your dreams. It could even be something as simple as planning for your team project tomorrow. Point is, your paper (or text file, if you are using a computer or device) is an open canvas awaiting your ideas. Armed with ideas, a vivid imagination and your amazing brain, anything is possible. Meanwhile, writing activates both your left and right brain hemispheres. According to research, students who read and write extensively show greater creative performance than those who do not.

#3: It Improves Your Communication Skills

Those who write regularly are better able to understand their emotions and those of others. In fact, the ability to empathise is an essential skill in the social world. Furthermore, writing enhances your ability to organise and express your thoughts. This also leads to an increased fluency of speech. This will be useful in team projects of any kind, as you will be able to bring your messages across much more easily, thus allowing your subordinates and superiors alike to understand your ideas at a much deeper level.

Conclusion

Writing is something I would encourage all of my readers to try. Perhaps you could try to write a few lines or keep a personal diary. I hope that you did enjoy this article, and if you did, do consider giving it a like! Thanks for reading!

Here’s Why You Shouldn’t Gamble

Some of us might end up gambling from time to time. We are enticed by the opportunity to earn some cold, hard cash. But is it worth your time and your money? Gambling has been shown to be a harmful and destructive habit which destroys relationships and induces poverty. In this article, we shall discuss this topic in further detail. Before you continue reading, do follow me and subscribe to my newsletter! Without further ado, let’s jump right in.

#1: You Will End Up Losing Money

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Many become excited by the prospect by earning large amounts of money in the casino or even illegal gambling dens. However, overall, you will only end up losing your hard-earned money. Let’s take a look at an example. About 85% of adults in the U.S. have gambled at least once in their life and the gambling industry takes in about $500 billion a year. Yes, that’s a lot of money. In fact, statistics have shown that over 95% of gamblers end up losing money overall. But how? This is because the games in casinos are handled in such a way that the casinos, otherwise known as the “house”, will almost always have the advantage. Furthermore, casinos leverage on the compulsion of gamblers to keep them coming back.

#2: Relationships Are Destroyed

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People who suffer from gambling addiction may find themselves siphoning large amounts of money from their precious savings and those of their loved ones, just to sustain their habits. Some might even engage in illegal activities so as to repay the debts caused by gambling. Furthermore, these addicts almost always spend large amounts of time gambling and report difficulty in quitting. Consequently, the time these people spend with their loved ones and family decreases, and naturally relationships are broken. A child might be ashamed of his father’s compulsive gambling behaviour, while a spouse might become increasingly suspicious and untrusting towards his/her partner. This is often worsened by financial difficulties caused by the aforementioned addiction.

#3: Mental Health

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By itself, gambling can be a highly stressful activity, with numerous highs and lows. As a gambler becomes increasingly consumed in the activity, he/she might experience mood swings, anxiety and decreased self control. He/she might find himself/herself worrying constantly about whether he/she will gain or lose money in the next run. Losing money can be extremely uncomfortable and demoralising for such individuals, thereby triggering explosive outbursts of anger. This is just the tip of the iceberg. After a long period of time and without changes to such behaviour, the individual might find himself/herself in financial difficulties. This is worsened by the broken relationships caused by gambling. As such, the individual’s stress might culminate to a point where he/she thinks of suicide. To add credibility to this point, research commissioned by a leading UK gambling charity, GambleAware, found that gamblers were six times more likely to have thoughts of suicide or attempt suicide.

Conclusion

Gambling is not a reliable way to earn money and most of you who have done so before might find yourselves losing large amounts of money. I hope that this article was helpful to you, and if it was, do give it a like! Thanks for reading and stay tuned for my next article.

Rich People: Expectations vs Reality

How many of you dream to be rich? What does being rich mean to you? Do you imagine yourself with Gucci bags, with jewellery and with a grand-looking house? If you do, then you are mistaken. In fact, rich people are more frugal than you think! Before you continue reading, do follow me and subscribe to my newsletter. Without further ado, let’s hop right in!

Expectation #1: They Spend Money Like It’s Nothing

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Many of us imagine the rich to spend their money like it’s nothing. We imagine them to spend on all the jewellery, properties and physical items they can get their hands on.

Reality #1: Most of the Rich Are Extremely Frugal!

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Here’s the truth. The rich use their money carefully and do not spend it on unnecessary items. Now you might ask, “That’s crazy! They have loads of money, but they don’t do anything with it?” Don’t worry, you’re not alone. Society and its forms of entertainment have brainwashed us into thinking the wealthy live extravagantly. In fact, when we are told to imagine a rich man/woman, we imagine him/her in expensive clothing, with luxurious cars and a dozen villas. However, this is not the practice of the wealthy. The wealthy know that the money spent on these luxuries could be used to start other businesses, invest and save. This multiplies their wealth even more! Of course, the wealthy pamper themselves once in while, however, they understand that those who spend money recklessly are those who will lose their fortunes.

Expectation #2: They Are Wealthy Because of Luck

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The majority of us are led to believe that the wealthy either inherited their wealth or got lucky along the way. Many of us believe that the rich got their wealth from the lottery, gambling or being lucky in the stock market, while others believe that the only way to be rich is to inherit it from one’s parents or relatives.

Reality #2: They Are Wealthy Because They Work Hard

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Yes, it is true that one can be wealthy because of his/her inheritance or being lucky in the stock market. However, without working hard and using their money carefully, these people will end up losing their wealth and sliding back into poverty. The rich, however, are the ones that are hardworking and persevere. In fact, many who were poor have become rich after years of hard work! One good example is blogging. Many people dismiss blogging as a mere hobby which is unable to generate real and reliable profits. However, there are those who have made their fortune through blogging! But how did they achieve this? These six or seven figure bloggers didn’t just get lucky. In fact, these are the bloggers who endured years of failure and constant learning before achieving their goals! To these people, failure is nothing but an interlude between two successes. You see, you can earn your fortune from just about anything – as long as it does not go against the law and is moral – if you are willing to sacrifice and persist.

Expectation #3: Rich People Are Lazy

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It is common to imagine the rich as lazy people who spend every single day enjoying their luxuries and doing nothing else. Most of us believe the rich do not work and live worry-free lives. But is this wholly true?

Reality #3: The Rich Constantly Learn and Look For New Opportunities

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Those who are truly wealthy know that lazing around will only result in losing one’s fortune. In fact, the rich understand that change is the only constant and that they have to embrace it. Those who grow arrogant and lazy are those who will fall behind in the race. Knowing this, they learn constantly to keep themselves up to date and look for new opportunities to expand their fortune. Evidently, many of the rich keep a reading habit! (If you would like to learn more about the benefits of reading, do visit https://bestofwrite.com/2020/12/01/why-you-should-read/) As a result, the wealthy are able to protect their fortune even when the unexpected might strike, for they are able to adapt regardless of the circumstances. These are the people who see the bigger picture.

Conclusion

Attaining, protecting and growing your wealth is a game of strategy. A strategist understands that he/she cannot afford to be lazy or reckless, for he/she would risk losing all that he/she has built. Secondly, being wealthy is a possibility for us all, regardless of our current financial situation. We are all blessed with a mind and it is up to us to use it appropriately and wisely. Thirdly, Rome was not built in a day, was it? Nothing comes for free and everything takes time, so don’t worry if you don’t see results yet.

If you enjoyed this article, do consider giving it a like! Thanks for reading and stay tuned for my next post.

Why I Love and Hate Monopoly

Many of us have played this game during our childhoods. Families would come together to bankrupt each other and there would be sounds of triumph, frustration and even the occasional table flip. Indeed, Monopoly can bring out the worst side of us. The greedy, desperate and selfish side. Many players joke that you’ll lose all your friends if you win the game. Thing is, it isn’t far from the truth, am I right? However, Monopoly remains to be loved by many and also serves to educate us about the principles of life. In this article, I will explain why I love and hate Monopoly at the same time. Before you continue reading, do follow me and subscribe to my newsletter at bestofwrite.com. Without any further ado, let’s hop right in!

Why I Hate Monopoly

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The game can be frustrating at times and you know what I mean. You could be going to jail for the thousand-and-oneth time or landing on income tax, which takes away the cash you earned by passing GO. Or perhaps you went bankrupt by landing on a decked out Mayfair. Furthermore, the fact that the whole game is dictated by the roll of a dice means that you have absolutely no control over which property you will land on. In other words, it is dictated by pure chance and this can be quite unnerving for most people. You could have a good game followed by a bad game and potentially more bad games. What’s more, the game can be quite long and boring during the early game. I personally hate the game because of the feeling of unfairness it gives me. Landing on a ridiculously high-rent property is all it takes to bankrupt someone and when that happens, the owner of the property takes ownership of everything (yes, everything) the victim once owned, causing a huge power imbalance. Did I also mention that the chance and community chest cards can also kill you by sending you to jail, making you pay taxes and going to Mayfair? It can all end in an instant.

Why I Still Love the Game

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Monopoly, in a way, educates us about the facts of life. Sometimes, things don’t go as planned. An economic crisis or pandemic could bring us back to square one and take everything we cherished away. In fact, I think that the main point Monopoly wants to drive is that everything can be taken away from you and one mistake is all it takes. Other than that, Monopoly also shows us what economic inequality means, such as the fact that the rich get richer and the poor get poorer. On the other hand, it also sharpens your negotiation skills and tactics as you try to pry a targeted property from the grasp of another player. Did I also mention that Monopoly forces your kids to do math (without a calculator, that is)? Managing your assets and finances properly is also of paramount importance in Monopoly as well as in life. Finally, Monopoly is also a great game for families to bond over, as you laugh at each other’s expense and try to destroy each other. Isn’t it great? (I’m sarcastic, really)

Conclusion

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After all, Monopoly is just another board game, and like all board games, it tries to teach us something about life. For example, Chess is a game that shows you how a single blunder is enough to doom you, while Monopoly can teach you that life doesn’t always go as planned. What I think is most important is not winning at the game but mainly having a good laugh about it and learning from it. Isn’t that what board games are made for?

Thanks for reading! If you liked this post, be sure to like and comment down below. Stay tuned for my next post.

Why You Should Save

At some point in our lives, many of us have heard about the importance of saving. However, it’s surprising to see that many people fail to practice this. In fact, many people slide into poverty and debt due to the aforementioned reason. Worst still, many people make up excuses like “I don’t earn enough to save!” to explain their inability to do so. This mentality will only cause you to be financially trapped. So let us see why saving is so important. Before you continue reading, make sure you follow my page and subscribe to my newsletter.

Reason #1: Emergencies

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As humans, we can never predict what will happen in the future. We might lose our jobs, lose a loved one or lose money in the stock market. We might even be hit by a pandemic such as the current COVID-19. Saving ensures that you will always have a back-up in times like these, especially when you do not have enough money to repay your bills. The good news is that you have the ability to plan now and strategise.

Reason #2: It Will Grant You a Better Retirement

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As we grow older, our ability to work declines. Our health might begin to fail and you will naturally lose the ability to sustain your previous lifestyle. Saving early helps to reduce the financial burden you might face when you grow older and allows you to do the things you enjoy.

Reason #3: Financial Independence and Freedom

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As we grow older, we learn that we have to rely on ourselves to survive in this world. Nobody is going to fork out the money you need when you are in debt. You have to plan, strategise and manage your money yourself. To achieve financial security and independence, saving is a must as it allows you to prepare against unexpected events and emergencies. Fun fact, even chipmunks know that they have to store nuts to get through the winter. Let us not rely on others, especially our parents and friends, to take the fall for us when we end up in debt or end up bankrupt, since nobody owes us a living. Saving also allows you to make life decisions without overly worrying about your finances as you are prepared. You control your finances, not the other way around. This is what financial freedom means.

Reason #5: Take Advantage of Interest Rates and Compounding

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Albert Einstein once declared that compounding is the 8th wonder of the world. Saving over the years allows you to multiply your finances, albeit slowly at first. Let us take for an example that you deposited at total of $300,000 worth of savings in a bank with a 2% annual interest rate. In 30 years, you would have $543,408.48! That is almost double your principle! This is the beauty of saving early. Take for another example. You deposited a total of $1 million in a bank with a 2% annual interest rate. In 30 years, you would have $1,811,361.58 in your bank account! See what I mean now?

Conclusion

Also, did you notice that I started with the letter A for every paragraph? If you did, comment down below. Anyways, this is my 5th post on this blog and I look forward to blogging throughout this month of December and further on. If you are looking for a guide as to how you should develop the habit of saving, check out my article at https://bestofwrite.com/2020/11/30/how-to-build-a-habit-effectively/. Happy reading and remember to like and subscribe before you go.