Great Foundations


Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock.

The Holy Bible – Matthew 7:24 New International Version (NIV)

Laying the foundations of knowledge


Whether building a home, a city, a road or an education pathway, one must begin with a solid foundation. In my opinion, when it comes to a financial education, there are 3 core concepts (principles) you should familiarize yourself with first.

The principles are not mystical and they are not overly complex.  They are however concepts which may not have been taught to you at school. 

Once learned though, they will impact upon every budgeting, business and investment decision you make.

I refer to these principles as:

  1. The Golden Rule.
  2. Intrinsic Value.
  3. Risk-Free Return.

As we build our financial knowledge over the years to come, we should look to regularly return to these foundation principles to reinforce our learning.

GOLDSMITH


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