It’s easy to think getting rich comes down to luck, connections, or simply working harder. But the real game-changer lies in your mindset. Without understanding how investments work, you’re likely to lose money in the market. Jumping into a business without knowing the risks and challenges often leads to failure. Your ability to spot opportunities and sidestep traps is directly tied to how much you know. The more you grow your understanding, the more you unlock the potential for wealth.
Putting it first means mindset and then action. I might agree because action comes from a rational mindset. Rational action is also based on good knowledge. Take how investing works, for example. The chances of losing are more certain if it’s not based on action that starts with a mindset and that’s part of the risk and the risk is real, like choosing the wrong type of investment.