Wisdom for Millions | Episode 4 | Link Between Wisdom and Wealth

The pre-requisite to wisdom is knowledge and understanding. What is knowledge? Knowledge is information. What is understanding? It is the illumination of knowledge that has been gained (these are the moments when the lightbulb comes on in our head. It is when we get clarity and a previously hidden path becomes uncovered).  

Link Between Knowledge, Understanding, and Wisdom

Wisdom stands apart in that it is the application of the knowledge that has been understood.  

Knowledge

Today, information is everywhere. It is easily accessible on the internet and can be gained by just a few clicks of the mouse. With the onset of artificial intelligence technology, a ton of knowledge is just a few commands away! Unlike the previous generation, you and I cannot use lack of knowledge as a reason for our lack of progress in building wealth. If we are being honest, it is just an excuse for covering up our fears. If we seek knowledge, we will find it. 

Understanding

While information is everywhere, there are few who understand it and can explain it to others. Those who have this ability are called wise. They are the ones that seem to see the information from an angle that can make all the difference. These are your teachers, coaches, and mentors. They are the ones that enlighten you on how to use information to get results. Still, though a wise person possesses understanding, they may not possess wisdom. 

Wisdom

Wisdom is even in shorter supply compared to understanding. There are many wise people who have knowledge, know how to apply it, but won’t apply it! Wisdom requires action. It demands that we do something.

No coach, teacher, or mentor can force you to do anything. I can’t force you to change your limiting beliefs or take the advice in this blog. All I can do is give you a compelling case for action. While knowledge and understanding give you a compelling case for action, only you can act on what they say. If we don’t act, then we become a “wise fool”.

Hopefully you have enjoyed blog and episode of wisdom for millions. May God bless you.

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