Legendary leader Benjamin Franklin in his book ‘The Way to Wealth’ said, “An investment in knowledge pays the best interest”. These oft quoted words are better understood with its preceding lines where Franklin says the following;

“If a man empties his purse into his head no man can take it from him. An investment in knowledge pays the best interest.

The Value Of Knowledge

Franklin, being a man of wisdom, precisely explained the value of knowledge. No matter what we do, where we are, knowledge is something that no one can take away from us. It never gets depleted by any chance, once acquired it is bound to grow by pursuing further.

Whether at onset of career or mid- career, enhancing knowledge is the best way to achieve your goals. It’s through constant learning that a continuum of growth can be maintained. However, it is important to keep learning and improving in all aspects of life and career. Concentration on a single skill to have deeper knowledge in it helps but will also limit the scope of growth.

Investment In Knowledge

How To Improve Knowledge And Skills

“Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family.” said Kofi Annan. Knowledge is rightly the premise of progress not only for society and family but for career and business too.

Acquiring knowledge about emerging technologies and developing a variety of skill sets helps in making a mark in one’s career. Especially in today’s dynamic and competitive professional environment, adapting to changes, and learning new skills is crucial for survival. The following quote by Albert Einstein, clearly explains the importance of learning.

“Education is what remains after one has forgotten what one has learned in school.” 

Formal Vs. Informal Learning

Knowledge is gained either by undertaking formal training or by learning informally through various channels. Either of the two ways to invest in your knowledge is equally effective. Informal learning will give you a more practical approach as you learn things by doing in this method. Formal learning, on the contrary, will take you through a systematic approach. Here you first learn the basics, techniques, methods and then apply it in real life situations.

So, while you may focus on one of the approaches to educate yourself, it is always better to have a balanced mix. This is to make sure you have a holistic approach to gaining knowledge and deep learning.

Here are a few ways through which you can keep yourself updated and current;

Online Professional Development Courses

To learn new professional skills that are relevant for your career, you can take up a Professional development course. These courses are easily available online which you can access from anywhere, anytime. The flexibility of online courses help you accommodate time while providing the required knowledge at your fingertips. The only thing to note here is the reviews and ratings of the course you are opting for. It is always advisable to choose a well known and reputed platform.

Webinars

Webinars are a great learning platform for those who wish to gain from other’s experiences and knowledge. Widened internet access has brought people virtually closer to each other. Webinars have now become a great source of information to get knowledge on anything you want to learn. People share their first hand experiences and learning directly during the sessions and interact with each other. PurpleCrest also conducts webinars regularly to where professions get a chance to network, learn, and explore collaboration opportunities.

Investment In Knowledge

Professional Networking

Professional networking is an underrated means of learning and development. Meetings and interactions with professionals always leads to some exchange of useful information and knowledge. As Peter Senge says;

“Sharing knowledge occurs when people are genuinely interested in helping one another develop new capacities for action; it is about creating learning processes.”

In the current digital age, networking has become extremely easy and convenient. Various institutions and organizations have networking clubs to facilitate knowledge transfer. Being a part of these clubs open up enormous opportunities of both professional as well as business development. PurpleCrest’s Problem Solvers is one such exclusive club that connects like-minded professions and problem solvers across industries.

Conclusion

Whether you are a student seeking a job, an aspiring professional aiming to become a millionaire, or a business leader cruising through stressful phases, it is essential to keep upgrading your knowledge and Franklin’s words are equally important for you. The investment in knowledge as perceived by Franklin is not precisely the degrees. It is broadly the real knowledge and practical learnings with which he advises us to educate ourselves. In case you’re still wondering whether knowledge is the best  investment, remember what Derek Bok said, “If you think education is expensive, try ignorance.”

As a student, professional or a knowledge worker, your time is the most important asset. Invest it wisely. Join over 500 readers and subscribe to Problem Solvers, our fortnightly newsletter with useful insights, case studies and many more.

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