Smart Enough to Know I'm Not
By Jim Bauer
@porwest (109488)
United States
October 16, 2025 8:01pm CST
A fool and his money are soon parted. It's a saying we've all heard a million times.
Here's the thing. I made it a life's goal to not be a fool. So, I take great care with my money. I save every penny I can. I keep what I can. I invest what I can.
Hopefully I do all of that wisely, because it matters, and I don't want to part with my money.
I have done all right. I'm not on the Forbes list, and I am not a decamillionaire. But I am quite comfortable. Part of that is because I listen to the right people. And because I've listened to the right people.
Makes sense, right? Or at least it should. Why listen to the fools? I want to hear what is said by those who have made it, because it's clear to me they know more than the guy who hasn't.
Am I greedy because I might gladly take money from a fool? No. Is it my fault I did my homework and they didn't? No. Is it my fault I know what a good deal is and they don't? No. Does it make me a bad person? Unfair? Thoughtless? Inhumane? Insensitive? Lacking compassion for my fellow man?
NO.
It simply makes me informed as someone who actually took the time to seek the information.
But here's the fun part. The interesting part. People "in the know" tend to share what they know. They don't keep it as some guarded secret only available to an elite group of people in a special club. They write books. They write articles and blogs. They make YouTube videos. They share the secrets. They make the information available.
Those who succeed share their successes not to brag about the success they have achieved. They share it to show what's possible if you listen and follow their lead, and ignore the static.
People like me hear the story and the possibility. But what do the fools hear? The brag. The fluff. The chest pounding. And what do they cling to? The impossibility. The same song and dance every other fool in their league of fools has told them.
The rich are greedy, the system is rigged and unfair, getting ahead is impossible, and everyone's out to get you.
There's a very important point many people miss. The greedy rich have spent an awful lot of time actually trying to close the gap. They have worked hard, over the years, trying to explain the details and make the elite status they hold more mainstream. They don't hold anything back. They say, "This is possible and here's how it can be done." They share their rags to riches stories with pride, but also to show what you can do if you put everything into it, and into understanding it.
There is a terrible gap between the rich and the poor. There is no doubt about that. But what is more often the case than not is that those who become rich listen, and those who remain poor do not. To the advice. To the stories. To the lessons.
A fool believes he is the wise man with all the answers already at his disposal. He already thinks he's the smartest man in the room. But those who become rich? They realize they aren't as smart, and they seek the answers to become truly smart. They are humble in their lack of knowledge, and accept it, and seek to become wiser by asking questions they are fully aware they don't have the answers to.
Being a fool does not mean you are necessarily dumb. It just means you already think you're smart.
8 people like this
8 responses
@jaylar (2481)
• Kingston, Jamaica
17 Oct
I am dyscalculate and aware of it. When people try to get me to invest in anything it isn't easy because I don't understand the babble. There were two major scams that focused on top ranking people who 'know everything'. I didn't get involved because I didn't understand.
When the two scams crashed, bankrupting so many people, I couldn't understand how they could invest in what didn't make sense.
BTW... the smartest people are aware they don't know everything... the stupidest people think they do
2 people like this
@porwest (109488)
• United States
17 Oct
Rule #1) Never invest in something someone tells you to invest in. Do your own due diligence and determine for yourself whether or not the investment is a good one. Rule #2) If you want to understand the babble, read the books, seek out the information and find your answers.
It's like I have said many times about anything I know now. "Before I knew, I didn't know." It seems like an obvious statement. What changes an unknown into a known is by doing something to learn what you don't know.
I didn't know how to drive until I got behind the wheel, and someone said, do this. And I didn't know how to get to a certain place until I took out a map.
@porwest (109488)
• United States
19h
@jaylar It sounds like you don't know much about how business works. lol
I would recommend reading The Intelligent Investor by Benjamin Graham, and focus on chapters 8 and 20. It is all you will ever need to know about investing and picking the right companies to invest in.
@noni1959 (10757)
• United States
17 Oct
I was a fool many times due to my "kind and trusting" heart but finally am learning from my mistakes. It's very hard at times. I'm not a spender. I'm a minimalist and always ask myself if something is needed, can it wait and will it make me happy. Something comes in, something goes out. I had an ex that drained me and then a health event that wiped me out. I'm OK but being OK is hard.
2 people like this
@porwest (109488)
• United States
17 Oct
Life is always full of challenges. At the same time, rich people face the exact same challenges and still achieve wealth anyway. Money and achieving wealth has nothing to do with how much money you make, or what financial challenges you necessarily face. It CAN make things harder, don't get me wrong. But the difference between the rich and the poor is that the rich find solutions and the poor find excuses.
A rich man will say, "There's always a work around." A poor man will say, "There's always a barrier I can't get around."
Most of the time.
@kaylachan (79976)
• Daytona Beach, Florida
17 Oct
You're not wrong about that. I've been in the same place a lot of people have, but I like to think I also learn from my mistakes so they're not repeated. And, when I make a mistake, I own it. As I mentioned when posting about the lawsuit posed against us and the situation at hand. While I omitted a lot of details, I wasn't ashamed to admit the issue occoured because I'd made a mistake. A simple human error that wasn't easily recitified.
1 person likes this
@LindaOHio (203601)
• United States
23h
I get pissed off at all the people that say we were comfortable because we didn't have children. True, we had less expenses; but we saved, invested and scrimped to have a comfortable retirement.
1 person likes this
@porwest (109488)
• United States
19h
I get that ALL THE TIME, and yes, it pisses me off to NO END, because whether or not one has children has absolutely nothing to do with it any more than how much you make has to do with anything. Money is not about money as much as it is about your attitude and mindset about money.
More than 51% of people earning $100,000 or more a year are living paycheck to paycheck. So, it's not about a high salary even.
It's just one other excuse people like to make among myriad other excuses. "Well, there's this," or, "Well, that came up." You name it, people will find excuses for why THEY don't have money and come up with all sorts of false reasons why someone else DOES have money.
It ain't luck, either.
A lot of my posts aim to change the mindset, erase the excuses and explain WHY they are excuses, and remove the falsehoods about the rich so many people cling to and believe.
I honestly don't believe I will succeed in getting through to anyone, but I will keep trying anyway, and worst case, I bring home a few extra pennies in the process. lol
1 person likes this

@2ndchances24 (11062)
• Cloverdale, Indiana
17 Oct
"Being a fool does not mean you are necessarily dumb.
It just means you already think you're smart." REALLY?
I don't claim to be smart just cautious, I've learned the hard way
how NOT to trust everything you hear & learn from my
mistakes in the past to not trust everything I hear.
These days you can't take chances just cause some 1 says
"they know something about how to make $ or to get rich."
I'm not 1 to believe everything some 1 says about making $
& I'm doing good with the $ we live on even if it's not a lot
b-tween the 2 of us we make enough to keep the bills paid
& save enough to keep food on hand & not stress like most do.

1 person likes this
@porwest (109488)
• United States
17 Oct
You missed the entire point of this post. You said, "I'm not 1 to believe everything some 1 says about making $." But if that person HAS money, don't you think they might be saying something worth listening to? What's not to believe if they have money and tell you how they got it and how you can get it too?
You said, "I don't claim to be smart just cautious, I've learned the hard way how NOT to trust everything you hear." But again, who was the person talking? A member of the league of fools, or the guy who actually achieved wealth and had something more valuable to share than they guy who hadn't?
I suppose what I am saying is your comment is exactly what I was talking about and the very reason some people never achieve wealth.
It's why I said, "But what is more often the case than not is that those who become rich listen, and those who remain poor do not. To the advice. To the stories. To the lessons. A fool believes he is the wise man with all the answers already at his disposal."
@dgobucks226 (36971)
•
5h
"There's a sucker born every minute." One needs to understand what you are getting into whether its financial or some other aspect of life. Knowledge is power and those who think they know it all find out the hard way they're not so smart.
Some poor people make a decision to stay that way. They lack initiative to work hard to succeed. Opportunities are there for many who strive to take them. Those who don't want the system to take care of them.
You make good points. This quote I believe applies to your post...
@Moonyana (231)
•
17 Oct
just yesterday, my friend quoted an excerpt from Edgar Cayce's book "from doing comes understanding". this is in reference to the book that he is kind of nice to share to me because he knew i been wanting to learn about investing and stock market. I was getting wrong informations and in the end, and to my surprise, he shared to me and asked me to study the book of William O'Neil. And so i began reading it but i could not help complain about how i may not able to understand chart readings etc etc and he said just keep on reading and when i finished read it again and thats when i would take notes, find other reference and/or other related videos on YT.
the thing is, most successful people are willing to share their stories to those who have ears to hear and listen with understanding.
the wise dont throw their pearls to the swine... or to the fools like you say, because they will just see the mud and the dirt and not the pearl itself.
thank you for this wonderful post. so meaningful and it makes me ponder about it some more and meditate on your words.
not everyone has something to say.
have a nice lovely day, there!
