Taking the Wheel on the Information Superhighway

Almost everyone knows the saying, “knowledge is power.” Throughout human history, and especially in today’s information-driven world, people who know things have always held an advantage over people who don’t. Now, technology makes it easier than ever to get the knowledge you need to take control of your life and your decisions.

Number one of Jason Hartman’s 10 Commandments for Successful Investing is, “Thou shalt become educated.” In the world of investing, as in life, knowledge puts you in charge, able to weigh decisions and evaluate the qualifications of those who claim to be experts in the field. Having a thorough grounding in the subject make you something of an

expert as well, giving you the confidence to evaluate what you hear and to make informed decisions about what you need to do.

In past times, though, educating yourself thoroughly about a subject was not always easy, simply because the information you needed wasn’t always readily available. Information seekers were often limited to their own local resources, or forced to wait lengthy periods for replies to letters or calls. The Internet changed all that.

Now, for example, investors taking Jason Hartman’s advice to educate themselves can pull up statistics, histories and even street level views of areas round the world. History, statistics and images are only a click away. It’s possible to access local histories, legal information and any other info

rmation needed to make an informed decision. Interfaces like Skype make it possible to chat with –and view – someone half a world away about the situation in their area

One important aspect of educating yourself is knowing what you need to know. And this will guide you toward the people who can fill in the gaps in your knowledge. Your own research can help you evaluate their expertise and decide if you can trust their advice. Unprecedented amounts of information are available free of charge to everyone.

Becoming educated may seem daunting, given the high costs of many, if not most, educational programs in the US. As we’ve noted in previous posts, formal educational institutions and programs are not without their problems, such as rising tuition costs and programs and schools which fail to prepare students for the modern workplace. But getting a degree and becoming educated are not identical.

Becoming educated, as Jason Hartman states, involves taking control of learning, laying the groundwork for sound, well-researched decisions and an understanding of the broader issues that connect us all. The first step toward taking – or regaining – control of your life and finances depends on taking charge of your own learning. In today’s world – as in all others – if people who don’t educate themselves are all too often at the mercy of those who do. (Top image: Flickr/takomabibelot)

The American Monetary Association Team

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