Wise Words – Investing in Your Education

James Wesley, Rawles (JWR) (he like to use a comma between given names and his surname) recently updated an evolving article on investing, ending it on a topic that resonates with me – education.

INVESTING IN YOUR EDUCATION

I’d like to end this essay with an aside:

In my estimation, there is only one intangible investment that comes close to investing in a tangible, and that is investing in your own education or the education of your children.

A well-educated individual betters himself and hence his prospects for earnings–whether self-employed or employed by others.

That is why I’m a proponent of both homeschooling and continuing education well into adulthood.

One of my lifelong friends was conferred a Doctorate (PhD) by the London School of Economics when he was 54 years old. That is commendable.

Once a body of knowledge is between your ears, you own it. Only senility can take it away.

Personal knowledge is invulnerable to market cycles or currency fluctuations.

It is also fully portable, and cannot be confiscated.

That, in a nutshell, is my tangibles investing rationale. – JWR

I couldn’t agree more.

History abounds with “the wealth of knowledge” events – how prisoners of war who knew “things” effected escapes and survived the unsurvivable. How castaways survived because they had the knowledge to improve their living conditions rather than succumb to adversity.

Or in our contemporary age we tell stories about MacGyver characters who know how to use the ordinary to produce extraordinary results through knowledge.

JWR thoughts that after your own education, you invest into your progeny’s education, it spot on.  Skills, Wisdom, Ability, and Genetics – truly treasures a family can pass on down.  Education is a big part of that.

JWR’s full post is at: https://survivalblog.com/2024/03/24/update-21st-century-tangibles-investing-rationale/

Whatever you can put in your personal “Life Tool Box” in the way of education, is a plus. What you can help put in your children’s (and grandchildren’s) is a force multiplier.

Obviously picking up ham radio skills is a gain.

73

Steve
K9ZW