Topic: If you want to be wealthy you need action - page 12. (Read 1811 times)

The purpose of economics is to acquire more wealth by using less money. Economics gives an idea of ​​how a person will use his money property and get a sufficient return from it. so everyone needs to have economic knowledge for money management. we waste a lot of money due to various reasons because we prefer to spend unnecessarily and because of this we lose opportunities to increase our wealth day by day. so of course we have to be very careful and save money by reducing wastage

On the road to success you cannot underestimate learning from other people's experiences that have already gone through the business path that you want to take, otherwise you can make costly mistakes that you would've avoided if you've learned from their experiences. But I can agree that after learning from them that you should be the one to decide your own part, what you've learned from other experienced people will serve as a guide to you, so you can have a clearer vision from different perspectives. It's good to learn from your own personal, but we can not discard the experiences of successful people

I disagree. You can still do dca method even if you do not have that huge amount of income. The idea that you cannot invest unless you are wealthy is just wrong.

If you know how to manage your finances well and you are able to save some of your income to direct to great investments then surely it is possible. If you manage to invest even in small increments but regularly then you can see some profit already after quite some time. Though of yourself you have to be careful with your money.

I disagree. You can still do dca method even if you do not have that huge amount of income. The idea that you cannot invest unless you are wealthy is just wrong.

If you know how to manage your finances well and you are able to save some of your income to direct to great investments then surely it is possible. If you manage to invest even in small increments but regularly then you can see some profit already after quite some time. Though of yourself you have to be careful with your money.

just action is not enough.
to become wealthy you anyone need to grow balls and have the guts to take on the risk that could give us the chance to become rich, almost all of people who gained their wealth from scratches take the risk to get to that point.
If someone say they don't take risk while building their wealth from scratch they might be lying, the key is always whether or not you dare to take the risk of becoming really broke if you fail or becoming really successful if you succeed.
that I think the key point to become wealthy in my opinion.
also working harder than anyone else usually also pays off, the early bird get the most of food so they say.
so just action isn't necessarily enough to suddenly get you far, though it does indeed required as well.

That's right, there are many tool categories on how to make an individual rich. And I also agree that trading is not the only tool that can be used to advance in life. Then entering trading has considerations that must be taken into account as well.

We also know that trading is not easy to learn or understand; it really takes time before we have a broad knowledge or idea about this source of income.

I guess it’s not only trading that will help us build our wealth in the process. We can engage into other investments that have high potentials to bring us bigger profits. But still, knowledge and experience will still be the keys, as one won’t reach the success with just mere knowledge, proper action and decisions still play the highest importance.

However, the problem with people nowadays is that they value more on taking shortcuts for success. Which I think is obviously not the right thing to do. Getting knowledge and building your own experience would always be the basics to success.

It is true that it takes time and experience to get better, not just studying. However, we need to realize the importance of that too, because we can't just make it so that we can't really make zero money, it is not going to work out well in the end. I know that it feels like experience is the most important thing but if you know nothing about trading then you can't make a good income from it by just assuming whatever you do is right.

You need to first start with studying to get better and if you know what you are doing then you are going to get better with time eventually. So do them both, do not think experience is enough, do not think studying is enough, you need to do both and first study to be better and then you need to keep doing it to gain experience and be better that way.

You can read books listen all the gurus, but it's nothing compared with your own experince

You need to take action and learn from the mistakes
Knowledge come only from experince.

You can read books listen all the gurus, but it's nothing compared with your own experince.
Instead of reading the books or listening the gurus learn the basics and start action make some moves because you will need to be ready to make mistakes don't take this emotionally be with mindset that you gona have nice long 3 years of working with something make mistakes don't think about them too much just make notes what went wrong and move on dont make same mistake try new way.
At the end you will have a lot experince base to see what did worked and what did not worked out.

Do not think you gona hit success with first shot just swich off all your emotions do it fast make notes fast don't get in bad mood because something did not worked
Stupid person will get smarter only with actions smart person who think too much will stay only with knowledge what all ready have.
Instead of thinking just make moves and you learn on the way the knowledge mixed with experince is what makes CEO-s that's why no matter how good is your degree of something your new work place think you have value only If you have real experinces.

Think something that experinces are like gift once you have them even bad ones your value will increase therefor your personal market value will be also higher.

Don't be stucked with bad mood If you try something and it's not working you have to be mindset that you gona make 100 mistakes yes you will make it that's normal.
People who take failures too hard will just overstress themselfes and that's why they slow down their success.

I agree with it, if we want to succeed then we must take risk or start what you need to do, it is always better to make a move or take risk than to regret it in the future.
If it doesn't work use it as a learning experience and try to make it better in the next try, identify what you need to change in order to make it succeed in your next try.
Nothing would happen if we wouldn't take action for what we want, we could dream or think about it all day but nothing would change unless we start acting to make our dream happen.