Financial knowledge is overrated

Financial knowledge is overrated

“If information was the answer, then we’d all be billionaires with perfect abs.”

This is one of my favourite quotes from Derek Sivers (musician, author, and entrepreneur).


I’ve seen it time and time again in my career as a financial advisor. People pay for a detailed financial plan, filled with complex graphs and numbers, only to never actually implement it.

Financial knowledge, while important, is often overrated. True financial success comes from changing your mindset and behaviours around money and forming positive habits that will lead to long-term success.

Financial advice is about helping you make sound decisions, even in the face of uncertainty and incomplete information. It’s easy to get stuck in research and analysis mode and procrastinate. But as the saying goes, “not deciding is already a decision.”

So if you’re feeling stuck, it’s time to take action. Don’t let valuable knowledge go to waste. Remember, knowledge without action is useless.