If you look around carefully, there are many money lessons everywhere. Even Winnie the Pooh, this bear of very little brain has a bit of financial wisdom for us. In this particular incident, Winnie the Pooh misunderstands a note from his friend, Christopher Robin. In the note, Christopher Robin says that they will be separated for a while. When Pooh finds this note, he brings it to Owl for some clarification, leading to a serious misreading that leaves ‘Hundred Acre Wood’ in frenzy! They take the note to mean that Christopher is in danger, sparking unnecessary fear. Winnie the Pooh then rounds up his friends for a rescue mission, embarking on a quest to save Christopher from the mysterious ‘Backson’.
What are the lessons? Calm down and read the fine print, then understand the situation before you act on it. When it comes to money and investing, it never pays to make hurried decisions. All this involves slowly evaluating a particular investment or whatever money action. Is it good for you? You look around, see the options and how this particular one fits well with you, then you act on it.
If you plan to invest in a certain company, it helps to read their filings and reports and understand what exactly their numbers indicate. This is not all. You might have to understand their industry. How is their playing field like? When it comes to your money, you take an active hand to educate yourself as an investor before you make decisions. Other than just making hurried decisions, you do not let other people decide for you. In the end, you are responsible for your own decisions. And if things get too complicated to make a decision, do not get entangled in the mess, you probably need to look elsewhere.
So do not be like Winnie the Pooh. There is never a need to get over agitated over nothing. Educate yourself, and stick with what you know and understand.