Financial freedom and success comes from knowledge - page 8.

wxa7115

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Bitcoin is GOD

Quote from: iamsheikhadil on February 05, 2021, 01:26:01 AM

I agree with you on all levels, knowledge is weapon and this world is indeed a big scam, be it the government or companies, but through knowledge, we can be safe from them and beat them at their own game. Rich people know how to manage their money, not falling for greed or temptation, not waste their money totally on things they want to show off on like many cars which is totally a bad investment. We should study about their lives and the knowledge they give us along with a motivation to follow their footsteps if we want to be like them!

The problem is that most people do not know anything about money management skills, I don't really have a problem with rich people buying luxury cars, after all they can afford them, but people buy all kind of luxuries that they do not really need, and while there is nothing wrong with falling into temptation once in a while if you do this consistently then you are going to be consistently out of money.

One perfect example of this are smart phones, I know people that change their smart phones every time a new model comes out and I find this to be perplexing, they just get rid of smart phones that are in complete perfect condition just because they want the newer model and then they complain to me about the fact that they have no money, it doesn't make sense to me but if they want to live their life that way then that is up to them.

iamsheikhadil

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I agree with you on all levels, knowledge is weapon and this world is indeed a big scam, be it the government or companies, but through knowledge, we can be safe from them and beat them at their own game. Rich people know how to manage their money, not falling for greed or temptation, not waste their money totally on things they want to show off on like many cars which is totally a bad investment. We should study about their lives and the knowledge they give us along with a motivation to follow their footsteps if we want to be like them!

wxa7115

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Bitcoin is GOD

Quote from: tbterryboy on January 31, 2021, 03:09:40 PM

Yes knowledge is everything, if you don’t have the knowledge there is no way you are going to be successful in what you’re doing. Is with sound knowledge that you will be able to figure out what’s going to work for you and then you do that and it will work.

Moreover, there are cases you will see a lot of people doing the same thing and only one of them is being successful, that’s because of knowledge, that one person knows what he or she is doing because they have the knowledge and have applied it the right way, so it works for them.

It is that simple and yet people do not see it but why? And I think this has to do with the fact there is a disconnection in the minds of some people about the nature of knowledge, most people see knowledge as the thing they acquire to pass a test and then forget everything they learned the day after, they do not see that the more knowledge you have the easier it is to accumulate even more knowledge and sooner or later that knowledge will bring you great advantages.

And this is even more true when it comes to managing your own money, letting your money sit in a bank while better than spending all your money and getting loans to spend money you do not even have is not optimal, you need to at least have enough knowledge to beat inflation otherwise you are wasting your time and money, and that skill can only be gotten by accumulating knowledge about the markets and that is a process that for the most part takes years.

ChiBitCTy

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I am not sure I fully follow everything you're saying here. One of the main questions I have is what do you mean by the "5 year" deal? Certainly no one should only be planning for 5 years at a time..as building wealth is a lifetime goal (should be planning to live to at least 90-100 years old). But as a financial advisor I do agree with your premise that it's very important to learn the basics first.

Amazes me how few people actually put in the work and learn. Homework is vital, here's what it looks like when you don't do any homework ( all the GameStop , AMC "traders" )

Kong Hey Pakboy

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Quote from: tygeade on February 02, 2021, 06:14:36 AM

A lot of people have still not learnt from what has happened during this covid19 pandemic, because they still care less and don’t want to do things that will help them in creating wealth for themselves.That’s why there is a quote that says that we shouldn’t work hard, but we should be working smart and not hard. Working hard and not doing it smart means that you’re just going to be stressing your life, which will in turn affect you.

But, when you do it in a smart way you’re going to be able to earn from it and develop a small business to a higher level. There is a way you can package the same product that is being sold for a penny and it will be sold for a huge amount of money, the way you do your things is the same way it will be valued.

What you said is true; a lot of people suffer-- "lack knowledge" rather on how to use money wisely, that their lives are still in constant 'work hard' scheme of life. Once they learn about how should manage money, everything follows. If only a lot of people will truly apply what they have learned; not only just 'know' it, they won't be 'suffering' for the rest of their lives. Being a hard worker and a smart person is both essential to achieve it, and it will be surely worth all the efforts you have exerted.

Kittygalore

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Quote from: kolbalish on February 01, 2021, 10:17:45 AM

This is the most accurate and simple thing in the world. Financial well-being and success both come from knowledge. Yet knowledge alone cannot cover the whole. Along with these two, more things are needed which are hard work and luck. You have to work hard with Proper Knowledge and in the end, your destiny has to be with you. Many times it is seen that knowledge, hard work is all right but if you don't give luck then success is a misfortune. Again, it is seen that a lot of success can be achieved with less effort, but in this case, luck is on your side.

Aside from knowledge, we also have to value experience and wisdom aside from knowledge. Yes knowledge is power but wisdom is guidance and a moral compass, experience is the application of that knowledge, it is not worth it that you know all the theories but you do not have the guts to test it. I do not agree with luck because I am really skeptic about it, dependence or even acknowledging luck is a bad thing for you as a person, everything that comes your way will only be considered as bad luck without doing anything to do with it to try and change the outcome. Destiny is debatable because if we are destined to do something then there is no justice to the people that suffered through wars and famine.

tygeade

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A lot of people have still not learnt from what has happened during this covid19 pandemic, because they still care less and don’t want to do things that will help them in creating wealth for themselves.That’s why there is a quote that says that we shouldn’t work hard, but we should be working smart and not hard. Working hard and not doing it smart means that you’re just going to be stressing your life, which will in turn affect you.

But, when you do it in a smart way you’re going to be able to earn from it and develop a small business to a higher level. There is a way you can package the same product that is being sold for a penny and it will be sold for a huge amount of money, the way you do your things is the same way it will be valued.

kolbalish

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This is the most accurate and simple thing in the world. Financial well-being and success both come from knowledge. Yet knowledge alone cannot cover the whole. Along with these two, more things are needed which are hard work and luck. You have to work hard with Proper Knowledge and in the end, your destiny has to be with you. Many times it is seen that knowledge, hard work is all right but if you don't give luck then success is a misfortune. Again, it is seen that a lot of success can be achieved with less effort, but in this case, luck is on your side.

Yatsan

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Anything can be at least possible when you are knowledgeable enough about any certain thing you wish to have engagement with because you are being capable to adjust and adapt based on what you think and know is right and you are being able to decide on the betterment of things because you are pretty much sure that you know what you are supposed to do. There are lots of things that have been taking advantage when you have knowledge. No one can fool you and you are less vulnerable to get caught into schemes that are just targeting you because they might be thinking you are easy to be fooled. Before doing anything, ensure that you know anything even the basic information because such knowledge will serve as your power and foundation.

CarnagexD

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Knowledge is indeed everything, but knowledge without application is knowledge wasted. So you have to be able to showcase these knowledge you gained in one way or another. That being said, we also have to consider opportunities, which is the main reason why so many professionals don't get to be realized in their respective field. Either they are blocked by financial struggles, racial discrimination, or the likes.

Quote from: Gozie51 on January 29, 2021, 02:43:19 PM

What about people who don't have knowledge but they have financial freedom. I think luck also can give someone such. For the knowledge some people are educated with knowledge but they are still poor no matter how they struggle for wealth. About crypto investment , it is difficult for many to know when to sell their hodling or keep hodling. Sometimes you sell but price keeps rising and you feel bad. Another time you are lucky after selling, price drops and you are happy, you see the luck ? Being rich isn't only about knowledge is the way I see about this.

This, exactly. Opportunity plays a bigger role most of the time in how a person becomes successful, I can tell you how many classmates I have in the past who weren't that good and weren't street smart at all but were able to live lavish lives because they have affluent parents or families, which unfortunately some of us don't.

tbterryboy

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Yes knowledge is everything, if you don’t have the knowledge there is no way you are going to be successful in what you’re doing. Is with sound knowledge that you will be able to figure out what’s going to work for you and then you do that and it will work.

Moreover, there are cases you will see a lot of people doing the same thing and only one of them is being successful, that’s because of knowledge, that one person knows what he or she is doing because they have the knowledge and have applied it the right way, so it works for them.

wxa7115

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Bitcoin is GOD

Quote from: Jawhead999 on January 27, 2021, 11:07:29 AM

Do the opposite from people doings

When the market goes down, it's the right time to buy and when the market goes up, it's the right time to hold or sell. I know this method wouldn't work at all time, but mostly it works based on my experience. Many people aren't learn and knowing about the market condition, most of them only buys when it's reached ATH on FOMOed.

"Money is not everything, but everything needs money" that's why we should know how to get and manage money, to earn maximum amount money. Just like get a job in real life and set aside of the wages to buy Bitcoin or any investment you interested/mastered.

This works because markets are manipulated and those in positions of power do their best to try to move the masses to do something so they can profit from them so doing the opposite or at least remaining neutral can be a huge difference, the problem is that this is difficult to do, when we saw the crash of March last year it was difficult to just hold your coins and even more so to buy when the price presented such a fast decline.

But now less that one year later the very same people that held and bought more coins are the biggest winners in the market as the price has increased many times over during that time.

Mauser

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Quote from: sapnu on January 31, 2021, 11:24:05 AM

Knowledge is indeed power, not only that, knowledge is also a bridge to success and wealth when used strategically. As you can see, some people are already blessed with wealth ever since they are born but not all of them stay rich for long because of their lack of knowledge on how they should manage their finance. Some came from being poor to being rich just because of being smart and wise with their decisions. We should never underestimate those people who has lots of knowledge, some may appear nerdy but at the end, they're the most powerful person you'll ever meet.

I fully agree with you. Wealth can come through many forms, hard work, luck by winning the lottery or luck by having the right parents. So while you might not need knowledge to be rich at one point in your life, you definitely need knowledge to remain rich. Without the ability to learn new things quickly it will be very hard to make decisions that help keep your wealth long term.

sapnu

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Knowledge is indeed power, not only that, knowledge is also a bridge to success and wealth when used strategically. As you can see, some people are already blessed with wealth ever since they are born but not all of them stay rich for long because of their lack of knowledge on how they should manage their finance. Some came from being poor to being rich just because of being smart and wise with their decisions. We should never underestimate those people who has lots of knowledge, some may appear nerdy but at the end, they're the most powerful person you'll ever meet.

tbone777

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Thats why we need better education in the school in the world. Only smart people can create incredible things to push world forward

kryptqnick

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I agree that basic knowledge of economy, money and what's going on in the world is important and useful for life. However, I don't think that the focus should be on getting rich while others are poor. Getting rich is not what Bitcoin is about, and I really don't want to be rich, especially if everyone around me is suffering. But as for just living a normal decent life, it is desirable and knowing the basics about money is helpful with that. However, it also depends on the circumstances, so it's not like you'll automatically become wealthy if you study this stuff.

AicecreaME

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Knowledge alongside with wisdom is a vital tool we should possess to be able to succeed in life. Enough knowledge about a particular thing will be our advantage among other people in the same field we are planning to take. It's a must to equip ourselves with sufficient information, data, and strategies so that we can rise from the ground.

Financial freedom and success are what majority of us aspire to achieve. It is seldom hard for most people because of lack of knowledge and at the same time, skills. We must invest in ourselves because we are our very important asset. Despite having many equipment and strong built gadget, without proper knowledge on how to use it and how to utilize the resources that we have, it's all nothing. That's why it is a must to invest in books, seminars, trainings, and meetings regarding certain field we want to enter upon before going all out. Financial literacy is important in order to achieve financial freedom and success.

It's not a quick paced process. It will surely take time, effort, and money. Perseverance, determination, and confidence should be the top characteristics to achieve the success we have always wanted.

Gozie51

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What about people who don't have knowledge but they have financial freedom. I think luck also can give someone such. For the knowledge some people are educated with knowledge but they are still poor no matter how they struggle for wealth. About crypto investment , it is difficult for many to know when to sell their hodling or keep hodling. Sometimes you sell but price keeps rising and you feel bad. Another time you are lucky after selling, price drops and you are happy, you see the luck ? Being rich isn't only about knowledge is the way I see about this.

SirLancelot

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Quote from: Imran232 on January 24, 2021, 01:56:39 PM

Maybe you are right from your point of view. But my point of view is little bit different from you i believe you won't get success if you give up.

These things were true around 100 years ago but now things have changed and hardwork is not enough and sometimes not even needed and is replaced by smart work instead. I have seen guys struggle with something for years while smart guys will switch very quickly.

You can work as hard as you want to try and teach a monkey how to swim but you won't succeed instead if you are smart you will realize that it ain't going to work and its about finding fish. Similarly you cannot teach a fish to climb trees no matter how hard you work towards it while a monkey doesn't need to be taught.

Hard work is overrated I would say and smart work is underrated. The richest people now are not who work 24 hours instead who work 2-4 hours but smartly.

acquafredda

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In fact, investing my time to gain proper knowledge around bitcoin has been my best investment so far. Without that knowledge I would have never been able to work for bitcoin and earn them. I am very far from financial freedom, but I have set my plan and hopefully I can gain that soon. Of course, if any crypto friendly jurisdiction may arise and welcome bitcoiners that would be a place to consider.

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