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The Borrow Smart Chronicles - Information, Knowledge and Wisdom

The Borrow Smart Chronicles - Information, Knowledge and Wisdom

Episode 27

Todd Ballenger
May 10, 2024

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Watch your thoughts; they become words.
Watch your words; they become actions.
Watch your actions; they become habits.
Watch your habits; they become character.
Watch your character; it becomes your destiny."

Lao-Tze

source: unknown = My Title Would Be - Time to Unplug

I want to share a book that profoundly changed my life. My internal beliefs about myself were very negative. I had what was called ‘stinkin thinkin’ by the very wise Zig Ziglar. The glass was half-empty. I was unaware that my self-talk was driving me to a form of starvation when a buffet of opportunity surrounded me. I was a hard worker, but I wasn’t getting the results that I saw others around me experiencing. How could I? I was programming myself constantly to underperform without realizing it.

The Book: Psycho-Cybernetics (download here) or buy a hard copy here.

I feel in some ways that the liberation/yoke of technology is creating a new form of internal comparison and dialogue that is driving us away from ourselves. I love technology but I don’t love the person I am when it drives my behaviors.

a BORROW SMART CONCEPT
Information, Knowledge, Wisdom…

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"If you understood everything that I said,
then you would be me."

Miles Davis

This is a newsletter about real estate, lending, and assets. Yet, I keep drifting back to concepts that make us better humans, which helps us become better at our work and help us make more money as a byproduct of that service so I intend to make you happier and wealthier.

One of the key concepts in our CLA course is how information becomes knowledge, how knowledge becomes wisdom, and how wisdom becomes your UNIQUE understanding. As Miles Davis so clearly communicates, you will never understand me, because you are not me. I will never understand you because I am not you. The closest we can get is the wisdom to know that and then learn to communicate in clear ways that penetrate this void of ‘mis’-understanding. When we talk about buying a house, or borrowing money, or investing for the future, you have to do it with that understanding, or you will be misunderstood.

An interest rate is information. How interest rates work is knowledge. The ability to communicate interest in a way that differentiates you from others is wisdom. The sum of what you know right now about interest rates, how they work, and how to talk about them is your current understanding. You can never share your understanding with another human, but you can share information, knowledge, and wisdom.

Here are the cliff notes: Information becomes knowledge when you know how to use it, and knowledge becomes wisdom through repeated action. That repeated action IS your understanding.