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Opinions expressed by Entrepreneur contributors are their own. Money can be a terrifying topic. Even the word itself seems daunting, with all of its underlying connotations. Because of this, some turn away from dirtying their hands and gaining important, empirical knowledge in the world of money managing. Instead, they turn their faces from it, and turn their money management over to someone who knows better. The unfortunate truth is these types of people will never generate the wealth they want or need. Money knowledge (what to do with it, how to use it, where to invest it, how to make it work for you, etc.) is one of the most important instruments in the tool belts of the wealthy, and they wield it as a weapon. I sat down with reputed money-management mentor Chris Naugle (who, full disclosure, is also a personal friend) to discuss this important topic, and he started off with this gem: “Money isn’t complicated. I’ve spoken with so many people who have held onto this common misconception that they’ve developed from an early age. This leads them to believe that you’re better off handing it over to someone who can do more with it, or understands it better, than you can.” And this misconception isn’t only reserved for a select few. Naugle admits he felt this same way before diving head-first into life as a financial advisor. However, after years of education, practic and even some failures, he’s learned some valuable lessons, like this one: […]