Topic: Idea and money are very important to investment. - page 5. (Read 2020 times)

Totally agree, even though we live in a very rich family, if we have the wrong mindset in managing money or don't have good ideas, we will eventually become poor too. Sometimes I like to hear those who say "oh no wonder, his parents are that rich" even though there are so many from ordinary families, but because he has the right ideas combined with maximum effort, in the end he is also successful in investing or business. So the most The perfect thing is to have both ideas and money to achieve financial independence in the future. But if I was asked to choose one, I would choose it is better to have ideas than money, because with ideas we can build a business so we can get money which ultimately results in independence. the finances that everyone dreams of will be achieved.

Yes that's right. This is indeed a good combination and indeed every division must master these two. Because the higher the level of financial literacy, the better we can make decisions when investing.

Knowledge has a significant positive effect on money so that you can make the right investment decisions. This means that the higher a person's knowledge, the better our financial fate when investing. Without one of these, usually the targets we want to achieve in investment will not be successful.

Of course, one should always give priority to one's own ideas in all cases. Because you can get ideas from others temporarily but they will not generate ideas for you permanently.  So your big success can be only because of your personal idea.  Investment is very easy thing but success from investment is very difficult. Because of this not everyone can be successful from investment.  There are billions of people in the world but there are very few successful and super rich people.  Because it is not possible for everyone to generate good ideas.

That is why it would be better if you are gonna invest that the idea itself came from you. You can have second opinions or ideas to anyone, much better if it's a professional, but sticking to your idea could lead to success as long as you have consistency. Still, I agree that there are still a lot of people who exist in this industry that could cause a major negative impact on projects, which is why hiring someone would need an interview, background checks, etc. There is a lot of process in investment and steps, if one fails, it could have a domino effect, that is the risk that an investor will take to succeed.

Projects with even the most viable idea can always fall apart due to disagreements or fraudulent team members, faulty marketing strategy and other problems. Wherever a person invests, he should always realize that he can lose money at any moment - and there is no special value in the reliability of the campaign

Yeah, a very balance flow for your investment, having both will bring you the success that you are aiming, those rich people who came from
the same origin that manages to study then inherit the fortune they will just continue adding more.

Just like what you said, a balance in nature as they can fully utilize the venue of investment that they choose and make the most out of it.

Grinding and keep repeating it from time to time as they can continue to use their money till they maximize the profits.

You deleted important information that is crucial to understand the reasons behind this specific opinion of mine in this specific moment.

Of course, I agree in general with what you said, and that's the message I always share with newbies. But in this very moment, as I see it, and with the focus in the short term, it wouldn't be absurd to jump into it without the ideal knowledge he should have.

Because, otherwise, if a newbie waits until he gained the needed knowledge he will have to wait until the next cycle (4 years?), if ever, to try his luck. I'm talking from my own experience: I jumped into the market being a total newbie in mid-2017 and the outcome was positive, so I'd have regretted it if I had waited.

Of course, always with the money you can afford to lose, and without letting greed make you lose the gains when the bear market comes.

It's like building everything without having any foundation about the market and about how crypto works.
But at least you have to have some basic knowledge to start a crypto portfolio, without basic knowledge he will not be able to become a holder or as a crypto investor, he will panic too much when his money decreases in value when the price fluctuations of Bitcoin or altcoins are very drastic.

Like understanding how to secure crypto assets in a mobile wallet or with a hardware wallet, or by checking the address before shipping,
don't you have to have basic knowledge first? 

Shitcoin is pumped hard because of the positive sentiment that only happens for a moment,
after that, all that sentiment will change and shitcoin will only become rubbish.
It's just a stroke of luck and won't come a second time.

Although I'm usually more conservative with my comments on how to assess the risks when it comes to investing money, especially if we talk about cryptos, since I feel optimistic because of the next halving, I would recommend the OP to put it into action and build a portfolio even when he hasn't got a clear idea of how this market works. Of course, with all the safety precautions like using a hard wallet if we are not talking about a few bucks or checking twice every single letter and number every time you send transactions, and only if he has some spare money he can afford to lose, but no more.

Most coins, even many shitcoins, are pumping hard because of the positive sentiment, so chances are that the OP is lucky and makes some money even if he has no idea of what he's doing.

Here's my own advice concerning idea and money, in cryptocurrency, if you're having money, then try to keep it aside first and seek after having the idea on what to use the money for, this starts by what you're learning, aspect that you're interested in, your understanding of how to go about it and how determined you're in taking the risk involved, if you're Investing and have an idea about it, you will have a direction towards a desirable destination.

Is it really the case that someone with wealth but no education is unable to read a book? You already know that's not conceivable, therefore your original reasoning makes no sense. Having money to invest is insufficient, and it will be extremely difficult to have money, let alone start a firm and expect to succeed. It won't happen, in my opinion, because without knowledge about the investment, there is no way to secure your capital, control risk, or take other actions that investors would take to achieve their objectives.

But the most important factor in every investment is the idea. You can't invest without understanding where your money is going, since you have to have the idea before you can consider making an investment in a business.


These two things are working hand in hand, in my opinion. If you have an idea but don’t have money, you cannot invest. At the same time, if you have money but don't have an idea, you won’t be successful in your investment as long as you are the one to manage such a business. And that is how it works for all investments. If there is no idea, you cannot even think of investing there since there is no knowledge of how to follow the process. If you do, you will not be successful, and everybody wants to invest and get a profit out of their investment. So therefore, they are all important tools for business success: no money, no investment, no idea, no success in your investment.

Money and knowledge are perfect combinations of achieving good fortune on someone's future investments. Having both is like having the balance of nature. That is the key for good and positive outcome. An absence in one of these factors might affect the flow of investment.

Of course it is true, ideas or planning and money cannot be separated, you will not be able to achieve the goals you have planned if you do not have one of the above, even though you have a lot of money for investment but if you do not have ideas, insights and good planning then obviously it is nothing more than a waste of money because everything goes without being based on any knowledge related to the field you are doing.

And vice versa if you have a very good plan and idea it will not be able to run if you do not have money as a driver to start doing your investment planning. But sometimes on the other hand even if you have both, it still cannot rule out the possibility for you to experience failure in your investment planning when all of that is already running, some fail and some succeed, I think it all depends on how good the planning and insight you have about the investment itself. On the other hand, if you intend to partner with others in terms of investment such as financing others if you do not have the insight and others have all that then I hope you have to be careful because in scenarios like this it is not uncommon for some to be unlucky because they are cheated by their own partners, or vice versa.

Those who live luxurious lives because of what they have inherited will also have to have an idea about how they can maintain the wealth or the resources and businesses that they've inherited because nothing is permanent in this world, and if you can't manage things, they will get out of your hand pretty easily. Especially, when it comes to money and finances, if you are a financial illiterate, you will not be able to maintain your wealth or increase it since you have no idea how that is done.

Someone who has a lot of money but no idea how things are done, if they have a little bit of sense in them, can hire professionals to manage things for them, but again, if they are complete fools, the professionals can always steal their money and go away since they are experts and the owner of the money has no idea about these things.

There is no investment place that is guaranteed or promising without risk, therefore we really need ideas or knowledge, for what we do, ideas and money must go hand in hand, meaning that those who have ideas must also have money, and vice versa to carry them out. because if someone only has money without ideas then it will be in vain or could even become a bomberang of destruction

Therefore, we must have knowledge before starting the investment that we will make to avoid things that are not desirable in investing.
So in essence, ideas and money are things that cannot be separated when investing.

Of course both are very important things and in fact they cannot be separated from each other. But first are ideas and insights, then capital and money. Because without an idea, no matter how much capital we have, we still won't be able to go any further if we haven't found any ideas to take. Because I meet many people who have capital but don't have a good business idea. Often people who have capital are trapped and deceived by other people who intend to drain the money that the owner of the capital has. Different from people who have ideas but don't have capital. So if he can offer an idea to potential investors or business partners then if the idea is considered to have great potential to be implemented then there will definitely be people with capital who will help in providing capital to carry out the idea.

You have some valid points, but we should also not underestimate the importance and power of ideas, they could actually make someone successful. This is part of the creativity we talk about, except that some people do not know how they will work with the idea to hand them the success needed. Should we now underestimate the importance of ideas because of this? No. But I implore anyone who has a very good idea not to let it die but to learn to work with it and try their best if they can unlock the success in it. But if they cannot, partnering or using the external service at times is a very good part that helps shape an idea into what people would appreciate. This includes the marketing and business plan you are referring to. Some will never succeed with their plans alone no matter what they do as they might not be sufficient in all aspects that would make the idea work. Nonetheless, conducting feasibility studies is a very good way to go about this. And one needs good plans and it will actually be revealed through the feasibility studies. From them, all the hands needed could also be known for everything to work as planned.

Investing money to keep yourself financially sound is very important. But only by investing money it is not enough to make yourself financially independent. You need to have the right idea about where you invest. There are many individuals in our society who have a lot of inherited wealth. But many have no idea how to invest this wealth or money to expand wealth further. Again, there are some people who have an understanding of all aspects of investing and trading but have no money to invest. Here it is clear that having both the idea and the money to invest money is very important. If you have the right idea when it comes to investment or business. Then it is not impossible for you to reach the right destination in a short time. In any case, if you have the right idea of ​​investing your money, you will definitely benefit in the future.

of course so, many things can be done to achieve what you want yourself, and one of them is by investing. because investment will definitely be profitable if we do it and run it properly and correctly. And as you said evaluate and fully understand, I once made an investment without much knowledge, and that was a mistake, to make an investment of course must understand every aspect that exists in order to avoid the risks that exist, investment is not a trivial thing, but an important thing to learn many aspects because there is money in it, and we must be able to manage it well so that the investment is profitable. that is by studying, evaluating and fully understanding, and if you have fully learned it is likely that we will not experience large losses.

Not everyone can invest carelessly, I learned from my own experience where investing is not a trivial thing that can be done by everyone.

yes that's right, being overconfident can also cause problems for the things you do. being confident in something you do is good, but if you are overconfident there may be unintentional mistakes due to carelessness. and this needs to be avoided by being naturally confident, not too much. because something that is done excessively is also not good.

yes you are right, people who are successful in their field of course they have experienced failure, and the difference is here. someone who is successful when they experience failure they don't panic or don't worry too much about the problem at hand, they can overcome the existing problems well and make them not give up, this may be because they have good self-confidence and also giving up is not a solution that must be taken, in contrast to people who do not have strong self-confidence, it is likely that they will immediately take the option of giving up because they do not have a sense of resilience in the face of problems and also they cannot overcome problems well. So in my opinion we must have a strong stance in order to run everything well, including with the risks that exist, we must be able to overcome the risks that exist, because giving up is not the only option.

The ability for an investor is that they are able to stick to a plan. That you have the technical people lined up to realize what is pointed out by your plan.
You need able people to create a business plan, a marketing plan.

You can see that here: thousands of ideas and not even the ability to connect.
People having an idea, needing a dev, but cannot pay for it, promising equity of a company that does not exist yet. Dooming the idea from the very beginning.