Tuesday, April 26, 2022

Knowledge and retirement

 Harvey Mackay writes for several publications and he’s a businessman. He has insight into businesses and suggestions to help and today I wanted to borrow from a recent article about knowledge.

A giant ship's engine failed, and the vessel's owners consulted one expert after another, but none of them could fix it. They finally brought in an old man who had been repairing ship engines since he was very young. After looking things over, the old man reached into his bag of tools and pulled out a small hammer and gently tapped something. Instantly, the engine started. A week later, the owners received a bill from the old man for $10,000 and couldn't believe it. In their eyes, he hadn't done much, so they wrote him back and asked for an itemized bill. His bill read: "Tapping with a hammer = $2. Knowing where to tap = $9,998." Experience means something and many of us gain experience over time. Jim Rohn, a motivational speaker has said this about the benefits of knowledge: Knowledge helps you minimize risks and make better decisions. Knowledge helps you solve problems. Knowledge allows you to handle adversity and persevere.
I do Your Safe Money Show hoping you gain “knowledge” about various financial issues and concerns with retirement planning. What he says about minimizing risks and making better decisions is exactly what I want to have happen for you when planning now and for the future.
Go to yoursafemoneyshow.com for more information.

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