Topic: How can we improve our country's economy by on culture or ecosystem? - page 3. (Read 842 times)
August 13, 2023, 09:00:01 AM
As citizens who care about the progress of the country, it is time for us to always know and play an active role in all government programs, for example is to increase the country's foreign exchange with culture, if our region has a unique culture, it is time to make a professional manager, we can ask Assistance or support from the local government, by actively providing promotions, tourists will come and local economic life will develop.
August 12, 2023, 02:25:23 PM
In this post I will explain how adding certain factors to our culture can improve our country's economy. Same important factor to consider is the lack of awareness and education both technical and fundamental.
First point: Financial Education
For instance in our culture people tend to save their money by depositing it in fixed deposits (FD) where it will grow slowly over 10 years. Still if we educate people about investing in crypto trading or the stock market they can aim for higher returns in a month three months, or even a year. This change in culture will have a significant impact.
It's important to note that the problem is not stress but rather mental health. People lack awareness and are afraid of taking risks which leads to the perception of stress. Stress occurs when people blindly follow tips or calls for trading which sets a fear in their minds making them believe that trading should be avoided altogether.
To tackle this issue we need to focus on the fundamentals of trading.
Fundamental analysisinvolves assessing various factors such as the company
Technical analysis has become superior to fundamental analysis. Companies that were once prominent may no longer hold their value in the market. For example Tesla which is only 10 years old has surpassed the value of Ford, a company that has been around for 100 years. This shift in dynamics has made technical analysis a full-time profession.
Though anyone can perform technical analysis regardless of their profession. Whether you're a doctor, engineer, businessperson, or housewife, anyone can learn technical analysis. Trading involves Two concepts: fire and grid. If the market is going up, grid comes into play and if it's going down fire comes into play. Technical analysis helps in understanding these concepts but it's important to remember that trading is heavily influenced by psychology. Success in any endeavor is 80% psychology and 20% skills.Emotional control is crucial as excessive emotions can lower your intelligence. Technical analysis helps systematize the entire trading process, reducing emotional influences.
NoteThese were the analysis points and factors that we can add to our culture to improve our economy. Please let me know if there are any mistakes or if you would like to add any ideas or analysis to it.
First point: Financial Education
- Making money
- Money management
- Growing money
For instance in our culture people tend to save their money by depositing it in fixed deposits (FD) where it will grow slowly over 10 years. Still if we educate people about investing in crypto trading or the stock market they can aim for higher returns in a month three months, or even a year. This change in culture will have a significant impact.
It's important to note that the problem is not stress but rather mental health. People lack awareness and are afraid of taking risks which leads to the perception of stress. Stress occurs when people blindly follow tips or calls for trading which sets a fear in their minds making them believe that trading should be avoided altogether.
To tackle this issue we need to focus on the fundamentals of trading.
Fundamental analysisinvolves assessing various factors such as the company
- Management
- Environment
- market
- Team
- Leadership
- Charts
- Graphs
Technical analysis has become superior to fundamental analysis. Companies that were once prominent may no longer hold their value in the market. For example Tesla which is only 10 years old has surpassed the value of Ford, a company that has been around for 100 years. This shift in dynamics has made technical analysis a full-time profession.
Though anyone can perform technical analysis regardless of their profession. Whether you're a doctor, engineer, businessperson, or housewife, anyone can learn technical analysis. Trading involves Two concepts: fire and grid. If the market is going up, grid comes into play and if it's going down fire comes into play. Technical analysis helps in understanding these concepts but it's important to remember that trading is heavily influenced by psychology. Success in any endeavor is 80% psychology and 20% skills.Emotional control is crucial as excessive emotions can lower your intelligence. Technical analysis helps systematize the entire trading process, reducing emotional influences.
NoteThese were the analysis points and factors that we can add to our culture to improve our economy. Please let me know if there are any mistakes or if you would like to add any ideas or analysis to it.
Far too generic I am afraid. Many European countries do not have the culture of investing, they have the culture of saving and having for the rainy days stored under the bed. The investing culture is far stronger in US and in some countries such as the UK in which people usually have a bit more of an economic background and culture.
August 12, 2023, 12:54:19 PM
In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.
It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.
It would be amazing to have zero corruption, don't you think? As simple as that sounds, it's not. This is like to saying, "All we need is peace in the world, and everything will be okay." Even so, how can we really accomplish it?It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.
The true difficulty lies in putting anti-corruption measures into practice, not in writing them. Concerning taxes, what about them? I would love to be able to purchase more cool items from my favorite online retailers if taxes were to drop. Nevertheless, you know, taxes pay for a lot of necessities. hospital, school, or road? Furthermore, those items won't simply pay for themselves if there is no corruption
Though there are still a lot of finer elements to work out, the overall concept is quite attractive. Activating the light switch and witnessing everything come to life is not the only complicated aspect of it
I don't know maybe if there's no corruption here in my country you won't see any children begging near the road. You could even see the government officials living in the comfort life with a mansion houses like where did they have the money to afford that right? Of course corruption.
Not only the taxes prices that are the thing but also almost any transactions here are included tax like some restaurant. If they don't take the fund of the taxes of the people maybe some kids are afford to go to school with some support from the government as well the scholarship. There's a lot of thing that the corruption have affect to people but they prefer to choose to live in comfort. If ever there's no corruption and still the country are worse maybe the citizen itself doesn't even cooperate for the better country, well there's no such thing as perfect.
August 12, 2023, 12:24:35 PM
As citizens of a noble patriotic community, we need to support the government through what they are doing for us, we gave to be supportive and encourage them to do more through the attitude we show in appreciating them, also, we need to develop our own self confidence and reliability in what we do, we are not expected to go by what comes our ways, we needed to be carried along in understanding the benefits of every development that comes our ways indirectly goes to the community as well.
Do not expect the government to support you. Yes, noble national governments should care about supporting citizens to contribute to building and developing their country, but the reality is unfortunately the opposite. Even if you give them a lot, do not expect support from them because politicians in all countries are corrupt and only care about power and filling their pockets with money.Yes, they care about the voters at the time of the elections only to get their votes, but after that they only care about power and money.
Therefore, we must strive to develop ourselves by learning and acquiring the necessary skills, then starting our own business without waiting for support from governments. This is how we develop ourselves and our countries as well.
August 12, 2023, 11:29:21 AM
In developing countries, having a background in entrepreneurship can really help solve local problems. Because direct income generation through a startup can help remove middlemen, who often make up the bulk of the profits, in the system.
Entrepreneurship is not only suitable for local residents in a country, but also suitable for immigrants from other countries because in developing countries people's purchasing power is still very large and can continue to increase at certain moments. So it can clearly help solve life problems which often experience difficulties in terms of income and usually this is very often felt by small and medium-sized communities.Quote
There is clear evidence that building and succeeding with a business can improve a family's status in society. While financial literacy is important, without the financial resources to apply this knowledge, this is also limited.
That's why doing business is very important for everyone because it can really help each person's family life. After all, the level of income can also be clearer when the business can sell in large numbers so that other people can also be motivated to rise by opening other businesses in the same place. Because countries with status that are still developing are still good enough to be used as business areas with more profit potential. 
August 12, 2023, 11:24:15 AM
The root of the problem is how to get rid of the debt spiral and start saving extra money and then learn how to invest it. In my area, many friends all dream of buying things with debt, a new house, a new car, or a tourist trip that is paid in installments, and after several months the person is surprised that he owes a lot Of the obligations, even if the salary is delayed for one day, he will need to take a loan, and here the real problem begins.
Surely if your friends get a loan from bank, the bank will make money from your friends because they need to pay the loan with interest. Since the @OP talk about country's economy, your friends aren't entirely wrong because they help your country's economy.Saving will not make the country's economy increase, consumption isn't bad as long as it used to buy local product, not the import product.
August 12, 2023, 10:54:52 AM
In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.
It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.
It would be amazing to have zero corruption, don't you think? As simple as that sounds, it's not. This is like to saying, "All we need is peace in the world, and everything will be okay." Even so, how can we really accomplish it?It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.
The true difficulty lies in putting anti-corruption measures into practice, not in writing them. Concerning taxes, what about them? I would love to be able to purchase more cool items from my favorite online retailers if taxes were to drop. Nevertheless, you know, taxes pay for a lot of necessities. hospital, school, or road? Furthermore, those items won't simply pay for themselves if there is no corruption
Though there are still a lot of finer elements to work out, the overall concept is quite attractive. Activating the light switch and witnessing everything come to life is not the only complicated aspect of it
August 12, 2023, 10:22:57 AM
The root of the problem is how to get rid of the debt spiral and start saving extra money and then learn how to invest it. In my area, many friends all dream of buying things with debt, a new house, a new car, or a tourist trip that is paid in installments, and after several months the person is surprised that he owes a lot Of the obligations, even if the salary is delayed for one day, he will need to take a loan, and here the real problem begins.
Learning not to buy something you do not need is the beginning of correct financial thinking, including investing in bitcoin and all cryptocurrencies.
Learning not to buy something you do not need is the beginning of correct financial thinking, including investing in bitcoin and all cryptocurrencies.
August 12, 2023, 07:59:10 AM
In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.
It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.
Eradicating corruption is not an easy thing to do as many people have talked about because this has become a culture for those who have the power to commit corruption and this will be very detrimental to many people, but we need to prepare various strategies so that it can be carried out well for us teach it to the younger generation and if we don't have room for it we have to start first from a small scope such as teaching our families about the dangers of corruption so they can carry it out in their lives.It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.
August 12, 2023, 03:18:57 AM
In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.
It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.
Eradicating corruption is not an easy thing to do as many people have talked about because this has become a culture for those who have the power to commit corruption and this will be very detrimental to many people, but we need to prepare various strategies so that it can be carried out well for us teach it to the younger generation and if we don't have room for it we have to start first from a small scope such as teaching our families about the dangers of corruption so they can carry it out in their lives. It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.
August 10, 2023, 12:13:12 AM
In developing countries, having a background in entrepreneurship can really help solve local problems. Because direct income generation through a startup can help remove middlemen, who often make up the bulk of the profits, in the system.
There is clear evidence that building and succeeding with a business can improve a family's status in society. While financial literacy is important, without the financial resources to apply this knowledge, this is also limited.
There is clear evidence that building and succeeding with a business can improve a family's status in society. While financial literacy is important, without the financial resources to apply this knowledge, this is also limited.
August 09, 2023, 09:04:24 PM
It seems to me an interesting analysis as well as enlightening, you highlight the importance of financial education as a crucial factor to improve the economy of a country... Certainly the lack of awareness and technical and fundamental education can limit the financial potential of people. Your focus on educating people on how to make money, manage it properly, and make it grow is essential to empowering people in their financial decisions
In second instance, this cultural disparity can have a significant impact on how people manage their money and pursue financial growth opportunities. Undoubtedly, promoting a more open mind towards investment and risk can be beneficial for the economy. That is why I highlight the comparison you make between the savings mentality in Asian countries and the investment culture in European countries. It's a widespread approach that could have a positive impact on how people manage their money and participate in investment opportunities.
In second instance, this cultural disparity can have a significant impact on how people manage their money and pursue financial growth opportunities. Undoubtedly, promoting a more open mind towards investment and risk can be beneficial for the economy. That is why I highlight the comparison you make between the savings mentality in Asian countries and the investment culture in European countries. It's a widespread approach that could have a positive impact on how people manage their money and participate in investment opportunities.
August 09, 2023, 05:23:17 PM
As citizens of a noble patriotic community, we need to support the government through what they are doing for us, we gave to be supportive and encourage them to do more through the attitude we show in appreciating them, also, we need to develop our own self confidence and reliability in what we do, we are not expected to go by what comes our ways, we needed to be carried along in understanding the benefits of every development that comes our ways indirectly goes to the community as well.
August 09, 2023, 05:11:28 PM
In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.
It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.
Sounds very simple and easy, but in fact this case is very difficult to solve even though the government forms an extermination organization. The KPK (Corruption Eradication Commission) formed by the Indonesian government has not really been able to eradicate corruption in Indonesia so far.It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.
Corruption does not only exist at the top level, but this case even exists at the bottom level. No doubt, the country's economy is always difficult and we can find officials and elites who have abundant wealth. In fact, I can say that corruption is a culture that is increasingly being adopted everywhere.
August 09, 2023, 03:47:47 PM
If you only talk about the culture that exists in Asian countries related to teaching about finance, then what the OP said is true. and that goes for every individual. And indeed all of these are fundamental things that must be corrected before moving on to other big things in the financial world. Getting used to investing rather than saving is an important thing that can even bring drastic changes to one's finances. It's just that building awareness like this sometimes requires a process and quite a long time. Especially for generations who are afraid to adapt to increasingly advanced technology.
But when talking about the utilization of local culture. I am very proud of my country which has a wealth of local culture which has been utilized by the government to open up more tourism spots with all their uniqueness that bring foreign tourists into our country and spend a lot of money. Which makes our country's income higher from time to time.
But when talking about the utilization of local culture. I am very proud of my country which has a wealth of local culture which has been utilized by the government to open up more tourism spots with all their uniqueness that bring foreign tourists into our country and spend a lot of money. Which makes our country's income higher from time to time.
August 09, 2023, 01:49:09 PM
In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.
It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.
It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.
August 09, 2023, 10:52:36 AM
Right now it's easy for us to make videos or content on social media that can display unique things from culture, of course if it's interesting then it's easy to get tourists to come to see, of course it requires easy infrastructure and transportation so that tourists are willing to visit.
August 08, 2023, 08:12:25 AM
It caused by either the corruption by government or low quality human resource.
It may caused by bad strategy from the government, but I think the chance is low because they've make calculation about the expected gain and expenditure.
Bitcoin, fiat, inflation and debt are just money, that's not the reason why those countries declare bankruptcy. Maybe there's a country choose to invest their money in Bitcoin, but do you think the profit is always enough to cover the corruption and unproductive citizen?
It may caused by bad strategy from the government, but I think the chance is low because they've make calculation about the expected gain and expenditure.
Bitcoin, fiat, inflation and debt are just money, that's not the reason why those countries declare bankruptcy. Maybe there's a country choose to invest their money in Bitcoin, but do you think the profit is always enough to cover the corruption and unproductive citizen?
July 06, 2023, 01:27:39 PM
In this post I will explain how adding certain factors to our culture can improve our country's economy. Same important factor to consider is the lack of awareness and education both technical and fundamental.
~snip~
~snip~
The culture in my family is that we are taught how to save. Yes, as you said, I was told to save and was never told or taught to invest and manage my finances well. Now that I've started learning about how to invest and manage my finances, I think the two should go hand in hand. If we only save, our savings will have a different value in the future because there is inflation that occurs every year.
I think investing is something that is very important to do, we can't work forever, the older we get the harder the ability to make money. We need financial security in old age, one of the best ways to get it is by investing. Even though investing has a lot of risks, we need to do it until we find the right and profitable investment instruments
July 06, 2023, 07:31:29 AM
For this idea of yours to thrive it all has so much to do with the cultural milieu we find ourselves and how it supports such idea and how available are those facilities that necessitates or may encourage one to invest. The Western world is something different from those of the South Pole and their interest is different altogether. Only a very few now are migrating to the idea of investing in the future for posterity sake. When we want to analysis a factor we should be careful not to use the yardsticks that be in those areas to determine how things should be same on the other side.
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