"Give a man a fish, and you'll feed him for a day. Teach a man to fish, and you've fed him for a lifetime."Give a man a fish, and you'll feed him for a day. Teach a man to fish, and you've fed him for a lifetime."
This old saying applies to personal finance as much as it does in our daily lives. There is an importance in learning how to do things ourselves and not putting too much reliance on other people for their service. Have you ever wondered how much this is costing you? For example, hiring an expert to design your websites, hiring a painter to paint your living room or going to a mechanic to do your periodical maintenance for your car. Simple yet learnable skills like these cost money and mostly at a premium to you.
There is a fear of failure when it comes to doing things for the very first time, which I am also guilty of but the greatest reward is earned beyond our comfort zones. Arming yourself with the tools that you need and learning how to do things by yourself will give you much more appreciation for the things that you have accomplished knowing that you gave it your best effort. With the abundance of information readily available to us, there are so much that we can learn from other people. Watching 'How to...' videos on Youtube or learning from websites like Skillshare is a great way to learn new skills.
A good example from my personal experience when the time came to change my brake pads and brake discs in my car. It was going to cost me roughly around £350 -£400 to replace
all 4 disk breaks and pads with labour. At the time I didn't have a lot of spare cash to repair my car so I turned to Youtube. I managed to get the parts and tools that I needed for less than £150 and the rest was history but it was
n't all smooth sailing. Finding out that I didn't have the right tool midway through but that came down to my lack of research. I think it took me a good few hours after work to work on my car but I did it. I managed to save £200 by doing it myself.
I think having a can-do attitude is used really important and it is something that you need to take on if you want to improve your financial position because relying too much on other peoples services and not having the knowledge to do it yourself is just too costly in my opinion. It's rewarding yourself with the knowledge to do things and stretching your personal finance that will help you save more money in the future.