The old adage that “knowledge equals power” simply isn’t true. The correct saying should be
‘Knowledge acted upon equals power’
The difference in these two statements is enormous. No matter how much knowledge you have on a given topic, it amounts to nothing unless you use this knowledge to take appropriate action.
If you have amazing knowledge of investment strategies but forget to implement this knowledge, then you won’t receive the true benefits or power that deserves to be associated with this knowledge. Now this may sound very simplistic and basic, but you would be surprised how many people have great knowledge that they never put into practice.
Human beings have a terrible habit of underestimating their ability and knowledge. We also have a bad habit of wanting to know everything about a subject before putting it into practice. I can tell you now that if you keep waiting until you know everything, you will never start.
READY FIRE TARGET
This is one of my favorite sayings. Too many people spend too much time aiming and forgetting to shoot. The best way to make things happen is to shoot and then start worrying about the target.
So am I suggesting that you start playing with your money on the Stock Market with Strategies that you do not understand correctly? Of course not, but I suggest you start trading the stock market with fake money. Paper trading is one of the best ways to learn as a stock investor. So once you learn a new stock market investment strategy, you should start paper trading and see how you do. If your aim is a bit off, just read a few things and try again. My main point is DO NOT wait until you know everything before you start implementing your knowledge.
‘Knowledge is too valuable not to use’
Does Ready Fire Aim mean you don’t have to do a lot of research and preparation? You are welcome. You must be very thorough in your preparation, but not so thorough that you never put this knowledge into action. It’s a common misconception that once-in-a-lifetime opportunities only come ‘once in a lifetime’. The reality is that we can create our own once-in-a-lifetime opportunities every day. We simply need to implement our knowledge by taking proactive measures.
