FINANCIAL AND TECHNOLOGICAL LITERACY

Last night I was listening to the All-in podcast which has become my favourite podcast and for the strangest reason: most of the things they talk about fly over my head. But guess what? I like that feeling--the feeling of being dumb.

I typically find myself around people I am more knowledgeable than and that gives me some air of superiority. It does feel good on most days, but ideally, that's not a position anyone should be in because it limits your chances for growth.

As Jordan Peterson would say, you don't want to be the smartest or dumbest person in the room. You want to find that sweet spot in the middle where you are competent and still have the chance to grow and learn.

So I am always trying to be around people and situations that challenge me in a certain way. Hearing something that confuses me in a way signals to my brain that there is something new to learn and I am always excited to learn.

WHAT DO YOU KNOW?

The world is changing rapidly and it is quite a scary place to be right now. Almost half of what you knew about money, finance, technology, etc has or will be obsolete. For instance, I know a lot about hive's history and probably that's one of the things that makes me relevant here.

However, much of Hive's present and prospective future are a mystery to me. This is also because the hive is expanding rapidly--too fast for anyone to play catch-up. So ideally you want to concentrate on a few areas of the hive blockchain and stay informed about other new developments.

In a nutshell, we need to have access to new and important information and have the ability to process it. Like I said in a previous post, information curators are going to play a huge role in the future. As much as AI is outperforming man in this aspect, humans still have a role to play here (I believe).

WHAT DO YOU NEED TO KNOW?

It is one thing to know things and a totally different thing to know the right things. The quality of the information you possess goes a long way in determining your value now and in the future, and financial and technological literacy will be a key metric for success.

The importance of financial literacy can not be emphasized. We all need to know how money works and that entails having sufficient knowledge about the people and institutions built around it.

Fortunately, I have some financial knowledge as a degree holder in banking and finance (insurance), however, that is grossly insufficient. This is one of the reasons why I will be pursuing an MBA programme sometime next year (which might cost me an arm and leg).

Asides from the other informal channels for knowledge, I want to explore and deepen my knowledge of business, and the financial system. In my opinion, the best way to go about this is via a structured means of learning.

I am also fascinated by technology and its importance in our future. This is why I believe having some IT knowledge is important.

In conclusion, I believe the best investment anyone can make is in their mind. Knowledge is power and having financial and technological knowledge is the right mix of power to enable you to navigate the world, taking advantage of opportunities.