Acquire New Skills and Knowledge
Continuous learning matters; it helps you stand out from other job candidates, so you earn more. For example, let's say that you don't advance your skills after graduating from college and a new, higher position opens up in your company. An outside applicant with recent certification will more likely get the job.
Instead of sitting at your current education level, George Clason recommends further learning. In Richest Man in Babylon, growing your intellectual ability is the seventh way to make a fortune.
The idea is to escape competition by advancing your knowledge in a specific niche. It is not a must to look at the careers that are trending; it starts with your interests. Michael Jordon has always loved playing basketball. And Elon Musk has a passion for computers and science fiction. Thus, what feels like work for others is play for them. So, no one can beat their commitment to getting better. Likewise, no one can beat you at being you.
If you are passionate about something, make time to know the ins and outs of it. Go back to school (if you have to) and become the best in this niche. As an expert who solves problems with a specific skill, you can make a fortune. Nobody says developing specialized knowledge is a simple task but it's doable. For those who put in the work, their financial future is bright.
Are you ready to learn more about wealth-building systems for financial freedom? Pick up a copy of George Clason's The Richest Man in Babylon.
This article is part of our Business Coaching blog series. At Dataczar we talk to a lot of small businesses. We’ve found a few books that we keep recommending time and again. To better help our customers, we’ve added a Reading List for Small Businesses to our website. We encourage every small business owner to read and keep these timeless business books on their office shelf.