I’ve been reading Angela Duckworth’s Grit, and I’m really enjoying it. As I read, I kept finding myself drawing parallels to investing. That’s probably because my lens is almost always the same: How can I become more financially literate? Duckworth talks about choosing a “hard thing” and sticking with it long enough to get better. I think financial literacy can be that hard thing. Because becoming good with money isn’t a one-time decision. You learn. You make mistakes. You question what you thought you knew. You learn again. And eventually, something changes. You understand what you own. You understand risk. You understand taxes. You understand compounding. You understand that a market falling 20% doesn’t automatically mean your plan is broken. And, perhaps most importantly, you begin to understand yourself. That matters. Because the more you understand your portfolio, the less dependent you become on headlines, hot tips, market predictions and someone else’s confidence. You don’t need to know what the market will do next. You need to know what you will do when it does something you don’t like. That’s financial literacy. It’s not about becoming the smartest person in the room. It’s about becoming confident enough in your own plan that you can stay rational when your money gets emotional. Investing is the hard thing. But getting better at it might be one of the most valuable things you ever do. My morning thoughts. Enjoy your day 🫶🏻
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14 Comments
Marcus
@inkednurse604 · 1mo
Absolutely…I think this is a great perspective, and I completely agree. Financial literacy really is a “hard thing” worth committing to because it’s not about knowing everything or trying to predict the market; it’s about continuously learning, understanding your own risk tolerance, and having enough confidence in your plan to stay disciplined when things get uncomfortable. The more we learn, the less we have to rely on headlines, opinions, and emotions to make decisions. Investing truly becomes a lifelong process of learning, adapting, and, perhaps most importantly, learning how to trust the plan we’ve built. Great morning thoughts!
Kyle Garrett
@kgcottawa · 1mo
I think you would enjoy “The Compound Effect” by Darren Hardy. It’s one I suggest to friends who are starting out a finance or fitness lifestyle change.
Le Corb@lecorb · 1mo
“Personal” financial literacy, is what I would identify as one of the single most important life skills. As I look around my social network, I can literally see the degree of stress or not, life satisfaction, freedom of choice, availability of access and time is a result of the level of the individual’s personal financial literacy. But it’s one thing to have knowledge. It’s another to have discipline to work a plan, measure and track it on paper, and make course adjustments along the way. I’ve written extensively on this matter. Having tools, spreadsheets, apps, etc. that enhance the Practice, Execution and Operationalizing into one’s life. This is what separates from the general public, and having general performance results.
Noor
@noor911 · 1mo
Absolutely agree! 🙌 Investing really is a long-term journey of learning, patience, and self-awareness. The more we learn, the more confident and rational we become when markets get tough. 📚📉📈 Learn and grow together 🤗💪
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