Topic: Growing Money is Knowledge (Read 277 times)
Thanks for sharing. Young people like myself need your quote.
Of course, it takes only knowledge and been wise to grow your money, that's why the rich keeps getting richer because they're knowledgeable enough
I learnt recently that if you know the purpose of something and pursue it, excellence is inevitable.That's why couldn't see this alone because what is this wisdom?
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Making Money is action.
Keeping Money is behavior.
Growing Money is Knowledge.
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Making Money is action.
Keeping Money is behavior.
Growing Money is Knowledge.
Having just knowledge with a good way to put it to practice might is just same thing as not knowing anything at all.
And just as you said making money is action but if you ain't skillful you'll only just be wasting your time.
But you still won't be able to make money just be knowledge alone you need other factors too.
financial literacy is a necessity if you want to grow the money by investing, investments actually is harder that you could ever think of, there's bigger chance of you losing your money than growing it because everyone wants to make money from investing but then again if that's the case, it's become unsustaining for the investment instrument that they are invested in, having the financial literacy could somehow helps you a lot in term of managing your money.
Growing Money is Knowledge.
Making, Keeping and growing money all require action, behavior and knowledge. In addition, It also requires connection to a right source of proper and early information. Information can be the difference. An early access to good information even when you really do not have good knowledge can position you to take full advantage of an opportunity. If I had seen this message in the past years, my direct answer would be yes, keeping the money is a very good thing. But now when I look at the wars and tensions around the world, saving money in this period is a huge mistake. Because there is a serious inflation problem around the world right now. For this reason, all the money you save in the bank or personally is melting away in the face of this inflation. Because the value of money is decreasing day by day. The house and cars you bought for a certain price yesterday were almost doubled. Therefore, in this period, it is better to make a profit by investing your money in some way or by converting the money in some way.
However, it is still a good thing to have some portion of your money put in your savings account for your emergency funds. But if you want to see fast growth of your money, maximize your investments either in crypto or in other form of investments. Saving money alone will not make you profitable in the end, instead learn to save and invest, that way you can expect huge returns when your investments work in the future. maybe what you mean is if we have broad knowledge we will easily get money or have many opportunities to earn money from various fields because we have knowledge and abilities, yes that is very true because if we don't know it will be difficult to do anything that's why we required to always learn from the beginning we were born to life at the tip of the throat.
That's how important it is for us to learn anything, be it knowledge or skills,when we do not have any capital of course it will be difficult to get money,
if we already have enough knowledge and skills I think we still need to continue to improve
I have to say there are not a lot of people who became rich by just investing. Sure, Warren Buffet is a good example, but when you look at the top, you see that building something is a better way of getting richer, instead of just investing.
If you want a regular amount of "wealth", like what would be enough for you to live without ever needing money, depending on where you live it could be 100k to 1 million. In that situation you could invest and hope to reach that level, but even that would be quicker if you had a successful business instead. This is why it's smarter to just focus on what you could build with the money you save and invest, instead of keep doing that.
That is mainly because you are looking at the very top, and at the very top people can't be that rich if the thing they invest into is not even higher. If you invest and buy 10% of amazon, that means %90 of amazon is still not yours, and for you to be rich then you would have to buy 10% of 10 other companies like that to equal amazon.If you want a regular amount of "wealth", like what would be enough for you to live without ever needing money, depending on where you live it could be 100k to 1 million. In that situation you could invest and hope to reach that level, but even that would be quicker if you had a successful business instead. This is why it's smarter to just focus on what you could build with the money you save and invest, instead of keep doing that.
However, none of us here should aim at levels of Jeff Bezos or Elon musk. It's enough to have 100k or so, that's more than enough and would change our world, that's a lot of money in anywhere of the world. That's why always focus on making money at the low end, and then you would be able to change your entire life.
Investing is a good way to grow money, but if we don't learn how to invest properly, we will not be able to grow money and will lose the investment money. This is what we have to realize, but unfortunately, people tend to choose investments only because of the invitation of others. They do not think about or seek more information to decide or choose their investment. That's what causes many of them to fail to make a profit in the future. And yes, every type of investment will certainly have risks, and they tend to be unprepared if the risk is not what they imagined. To anticipate this, they must be willing to learn by collecting more information to choose the right type of investment.
I have to say there are not a lot of people who became rich by just investing. Sure, Warren Buffet is a good example, but when you look at the top, you see that building something is a better way of getting richer, instead of just investing.If you want a regular amount of "wealth", like what would be enough for you to live without ever needing money, depending on where you live it could be 100k to 1 million. In that situation you could invest and hope to reach that level, but even that would be quicker if you had a successful business instead. This is why it's smarter to just focus on what you could build with the money you save and invest, instead of keep doing that.
maybe what you mean is if we have broad knowledge we will easily get money or have many opportunities to earn money from various fields because we have knowledge and abilities, yes that is very true because if we don't know it will be difficult to do anything that's why we required to always learn from the beginning we were born to life at the tip of the throat.
Making and growing money in the financial markets is really not an easy thing... It is necessary to acquire at least entry-level knowledge of financial literacy. Otherwise, it is not easy to make money or it is very easy to lose money earned... Thanks to Bitcoin, I made more comprehensive readings about the economy and improved myself compared to the period before I knew Bitcoin. I still haven't quite reached my goals, but now I feel like my ammo is more full and I'm more ready for new battles.
Instead of growing money, grow patrimony, because money loses value within time. Some people worry too much about saving money and accumulating maximum as possible during decades of their lives, so after all those years they finally decide to do something with the money. However, they don't open their eyes to the fact there is a constant devaluation impacting the savings each new day. If they used this money for investments instead of saving, after decades financial results would be much more impressive and rewarding.
I only agree with part of your statement, it is true that keeping money by investing is better than saving but investing is not always profitable. The problem here is where you will invest to increase assets instead of saving, I think this is a problem for many savers because they have no investment experience and they don't take risks.
The second thing, saving is something everyone should do because life will always have unexpected incidents. Assuming you are currently investing all your money in bitcoin and you are in urgent need of money, where will you get the money to solve the problem, when the price of bitcoin goes down like it is? if you sell bitcoin in a bear market, your loss will be greater than the devaluation of fiat.
~snip~If you want to grow your money, you can use investments where you expect to make a decent return over time. But you have to be careful in choosing the type of investment because there are so many types.
Investing is a good way to grow money. Like trading crypto or buying bitcoin now and holding it for the long term, it is an investment that will be profitable. But keep in mind that any investment has risks and each risk will result in different kinds of losses depending on the type of investment. and the type of investment is indeed very much not only crypto. Growing money with the right knowledge or knowledge will provide many benefits, but also keep in mind that growing money will not always be profitable, there will be some obstacles that can occur. requires sufficient vigilance and knowledge.
Instead of growing money, grow patrimony, because money loses value within time. Some people worry too much about saving money and accumulating maximum as possible during decades of their lives, so after all those years they finally decide to do something with the money. However, they don't open their eyes to the fact there is a constant devaluation impacting the savings each new day. If they used this money for investments instead of saving, after decades financial results would be much more impressive and rewarding.
You shouldn't be keeping money it's a bad behaviour, the difference between a rich personnel and a poor person is rich people don't keep their money in the bank or at home, they use their money in various part of good investments, rich people don't have money at hand that's why they don't lend money to anyone, it's always invested 24/7.
Are you a rich person?, why do you know their actions? I disagree with you on this, in our life there are always surprises so always have a savings account just in case. Investment is not always profitable, if you put all your money into investing but unfortunately your investments do not bring the desired returns and losses, what will you do next? investment is necessary for a better life, but all must be put in one basket. You must know how to allocate investments as well as always have a savings to make life smoother.
I learnt recently that if you know the purpose of something and pursue it, excellence is inevitable.That's why couldn't see this alone because what is this wisdom?
👇
Making Money is action.
Keeping Money is behavior.
Growing Money is Knowledge.
👇
Making Money is action.
Keeping Money is behavior.
Growing Money is Knowledge.
In this day and age if we don't act or find a way to make money it is unlikely that we will have money.
Now, saving money is a good habit of a person, so that whatever happens when we need something unexpected, we have something to be able to source. But of course, we can only save money if you are an employee or have a business.
Now, when it comes to money growth, I can think of two things here, our money can grow in good ways and bad ways. And most people here in the community of this forum knows this thing too of course. So I agreed that growing money is a piece of knowledge. Because knowledge can be used for good or bad intentions by the indibiduals.
~snip~If you want to grow your money, you can use investments where you expect to make a decent return over time. But you have to be careful in choosing the type of investment because there are so many types.
Investing is a good way to grow money. Like trading crypto or buying bitcoin now and holding it for the long term, it is an investment that will be profitable. But keep in mind that any investment has risks and each risk will result in different kinds of losses depending on the type of investment. and the type of investment is indeed very much not only crypto. Growing money with the right knowledge or knowledge will provide many benefits, but also keep in mind that growing money will not always be profitable, there will be some obstacles that can occur. requires sufficient vigilance and knowledge.
A penny saved is still a freaking penny, banks can't give 2% on your savings per day but crypto could, it's true that crypto is highly volatile but no risk no reward, anyone that takes risks with their money are going to grow anyways, it's also good to have some FIAT around just in case but for me I only have 5% Fiat at hand and the rest are invested, even right now my money is growing higher. No risk No reward.
Don't forget to learn to make money because by learning that, you can have the opportunity to make money. It may not be as fast as you think to make money, but if you do it consistently, sooner or later, you will start making money sooner or later. And if you can keep learning and trying, it will give you a bigger chance to make money.
If you want to grow your money, you can use investments where you expect to make a decent return over time. But you have to be careful in choosing the type of investment because there are so many types.
If you want to grow your money, you can use investments where you expect to make a decent return over time. But you have to be careful in choosing the type of investment because there are so many types.
You shouldn't be keeping money it's a bad behaviour, the difference between a rich personnel and a poor person is rich people don't keep their money in the bank or at home, they use their money in various part of good investments, rich people don't have money at hand that's why they don't lend money to anyone, it's always invested 24/7.
I think saving some money is important for some needs every month, of course, we also need money that can be disbursed quickly because we don't know what will happen in our family. because we can not fully control what will happen in life such as accidents, illness, and so on. therefore saving is also important to me.and we also need to save money in the form of value which gives us an advantage like investing in stocks, gold or any other commodity free market, and i suggest storing value in bitcoin as i do even though its not much but i do it every end of the month.
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