You have probably heard the saying: Hard work beats talent, when talent doesn’t work hard. – Tim Notke.

This quote was made popular by Kevin Durant shortly after he was drafted.

I have thought about this often.

I came across this tweet a few days ago and thought it tied in nicely with this quote – but with an intellectual twist.


Ed Latimore Tweet About Learning


Intellect is no different than any other form of hard work, but I do think it is undervalued.

There is no doubt some individuals are blessed with a higher level of intellect than the average person – I wish I was one of them.

But just because natural intelligence may come easier for some, it doesn’t mean that is all they need.

It also doesn’t mean those who are not blessed with it cannot overcome through disciplined learning.

In fact, willingness to learn is probably more powerful than natural intellect – especially if those who are naturally smart just coast through life.


Those who are willing to learn seem to be accepting two things:

First, that their current level of intellect isn’t good enough.

Second, that they don’t know everything.

I am convinced that the drive to learn is what separates excellence from mediocrity.

An important part of learning is being willing to listen more than we talk.

Are we listening to understand and learn, or simply to reply?

This is one area I am really trying to focus on.

To be less interested in sharing my opinion, and more concerned about learning from those around me.

I am convinced this desire to learn is how we give ourselves a competitive advantage in this world.

We have to be willing to learn what others disregard – or are unwilling, or too lazy to learn.


Finance Tip

Keeping with the thought above, the finance time for this week is to:

Seek learning!

One of the most important concepts in all of money management is the power of compounding interest.

Yet, I am surprised by home many people are unfamiliar with what it actually means.

In all of the personal finance books I have read, this concept is taught in nearly all of them.

What does that tell us?

Just how important it really is.

It is so powerful in fact, that even a young investor, if they start at the age of 20-25 years old, can amass great wealth with very little monthly contribution.

If that 25-year-old invest $200 per month and has an employer that will match it, they will have approximately $1,500,000 at retirement.

If someone starts at the age of 45, they would need to contribute $2,500 per month to catch up to that same 25-year-old.

If it is that powerful, why is everybody not doing it?

Simple, it is not taught in high school or even college.

Sadly, this knowledge must be sought out.

This leaves many of us not knowing until it is much later in life.

The great news is that it is never too late.

That’s why the tip for this week is seek knowledge – and seek it often.

It is this desire to seek knowledge that will propel you forward.

Even if you don’t make as much money as the next person, if you follow correct knowledge you can still outpace them with your net worth simply by following correct principles.

There are many finance principles that go along with compounding that will help you build wealth.

Next week in our Finance Friday I will discuss a handful of the most important money principles we must follow