Investment the way to economic stability

South Park

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I am terrible at Fantasy Football!!!

Quote from: zanezane on April 17, 2021, 11:12:07 PM

Quote from: el kaka22 on April 16, 2021, 03:49:46 AM

Some people can be lucky and get money, but the way they will handle it what will determine their future.

There are people who don’t know how to manage money, the first thing that comes to their mind when they get money is how to spend it, they start thinking of cars and bikes and new phones, and the best restaurants to go spend money, and before you know it they have squandered the money they should have used and invested properly to change their lives once and for all.

This kind of lifestyle is what I see as stupidity, it’s very bad when people are not thinking of ways to better their life and all they can think about is enjoyment. Very bad .

It's not that they have this mentality for a long timr, it's just that this kind of mentality is ingrained because there is no people who taught them how to be wise with money and at best, the one that they know of is just saving on a piggy bank. If we taught people financial knowledge then we will be able to reduce this kind of mentality.

But that is the thing, governments are never going to give this kind of education because they like that their population is completely ignorant about how the economy really works, people cannot really expect this knowledge to come from the education system or even their own family members as they do not have that knowledge, they need to do this by themselves and this is hard as most people do not know where to begin and this is why they do not even try and they keep just working hard and waste many opportunities that could have helped them to increase their wealth significantly.

Xinarae*

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Development is about bringing about a new structural change in the social system political stability is essential for the economic development of a country. Many people are not able to manage everything properly for the sake of their lifestyle If they can adopt the right way of investing it is possible to reduce them investment conversion is important at this stage of economic maturity. At this stage capital is dominated by investment in consumer goods and household consumption goods rather than production of national goods.

zanezane

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Quote from: el kaka22 on April 16, 2021, 03:49:46 AM

Some people can be lucky and get money, but the way they will handle it what will determine their future.

There are people who don’t know how to manage money, the first thing that comes to their mind when they get money is how to spend it, they start thinking of cars and bikes and new phones, and the best restaurants to go spend money, and before you know it they have squandered the money they should have used and invested properly to change their lives once and for all.

This kind of lifestyle is what I see as stupidity, it’s very bad when people are not thinking of ways to better their life and all they can think about is enjoyment. Very bad .

It's not that they have this mentality for a long timr, it's just that this kind of mentality is ingrained because there is no people who taught them how to be wise with money and at best, the one that they know of is just saving on a piggy bank. If we taught people financial knowledge then we will be able to reduce this kind of mentality.

South Park

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I am terrible at Fantasy Football!!!

Quote from: xiboothrezi on April 13, 2021, 04:12:24 PM

Quote from: South Park on April 13, 2021, 12:08:51 PM

~however this is a way better outcome than the alternative of working every single day of the rest of your life for someone else and getting paid a misery while you do it.

besides working hard, we also have to work smart. investing is one way to achieve financial freedom when our physical abilities begin to decline, we must really prepare for this. It is very important to have knowledge of what we are going to invest in, so that we can prepare our steps properly, not just following the trend.

I believe in this as well but unfortunately it is not something that gets addressed a lot, people understand that they need to work hard but they do not understand that working smart is also necessary, we need to find ways to keep our money safe and growing and most of the time people keep their money on a bank account that gives them no interests and that is a waste of time and money, it is necessary to learn about investments and yet very few people do something like that.

ultrloa

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Quote from: AniviaBtc on April 16, 2021, 02:17:01 AM

People are starving, people are having conflict and difficulties and surviving everyday due to unemployment.

I think that investment is the way in order for us fight inflation and economic crisis.

Financial stability is what we need right now, we need to make a way and seize every opportunity as much as possible just like what crypto investment is.

How could people invest if they don't have money in their pockets? for sure they can't do this and they will starve to death if they will just rely on the relief of the governments or wait for their company to come up. Better to find good solution like create a job and post some services like delivery service to those people who needs something outside, I see this one booming also other choice is to do online selling food,things and other stuff for this maybe we can get a money for temporarily survival then if there's extra then we can use it on investment.

el kaka22

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Some people can be lucky and get money, but the way they will handle it what will determine their future.

There are people who don’t know how to manage money, the first thing that comes to their mind when they get money is how to spend it, they start thinking of cars and bikes and new phones, and the best restaurants to go spend money, and before you know it they have squandered the money they should have used and invested properly to change their lives once and for all.

This kind of lifestyle is what I see as stupidity, it’s very bad when people are not thinking of ways to better their life and all they can think about is enjoyment. Very bad .

Shasha80

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In the current situation where there is an economic crisis and the number of unemployed is increasing, it makes us have to invest properly.
Because investing in the right assets can help the economy, that's why those of us who are familiar with crypto and investing in crypto are
among the lucky ones. Because crypto performance continues to rise and provides profits for investors, it is unlike other assets which are
very unstable and tend to decline. If the investment we make is right and that investment can be used as a source of income, it should be
the path to economic stability.

AniviaBtc

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People are starving, people are having conflict and difficulties and surviving everyday due to unemployment.

I think that investment is the way in order for us fight inflation and economic crisis.

Financial stability is what we need right now, we need to make a way and seize every opportunity as much as possible just like what crypto investment is.

rosebrand

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Investment is truly the way to economic stability, no doubt there are so many people in the street who where rich but later became poor because no standard investment was made or there couldn't manage their investments properly, so many worked so hard to become rich while some got rich by chance but it's so certain that a rich guy without an investment will go broke someday because he is spending from what he has already and no income to replace what he has spent. Another problem there is most people get scammed where looking for investment platforms but thanks to crypto which has given us opportunities to invest and earn good profit, tho there are risk applied which makes it mandatory to learn about crypto before jumping in.

Smartvirus

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Investment is the right way to go about gaining stability in your financial situation but in most cases, it doesn't end with just you investing in what ever platform or business endeavour alone. There is a part to killing an investment and that is the management. Should you be lacking in the necessary expertise or knowledge on the managerial strategy of an investment of interest and you don't have the necessary resources to hire an expect to manage the investment, then your heading to a doom. As much as investment could save you from financial difficulties, your best way out still lies with your ability to manage the business or investment package properly.

cydrix

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Quote from: Poker Player on April 08, 2021, 10:20:26 AM

I understand the title of your thread but when you go on to explain it I don't understand you very well. It seems to me that you beat about the bush. I would summarize it in that if in the future you want to be better off financially than you are today, whether you want to be rich, a millionaire or simply have economic stability, what you have to do is invest in financial assets. Since we are in a Bitcoin forum, to say that the best seems to me the Bitcoin, but try to have at least a paid house, and you can add something from the stock market, stocks or mutual funds.

Anyway, buy assets. If you want to be poor, just spend all the money.

Yeah right the title was misleading but the content wasn't that straight to the point although investments can lead you to a good life it can also lead to your demise It's your choice I guess if you want to invest on something that can give you lift from your current state then go for it. Also be careful when choosing where and what you're going to use your money for.

LUCKMCFLY

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Quote from: beerlover on April 15, 2021, 02:45:03 AM

Quote from: LUCKMCFLY on April 14, 2021, 11:36:14 PM

A very valuable type of diversification in the 1970s was investing in bank bonds and saving money to generate interest, now that is not so feasible, the world is going at a different pace.

Yes, I remember my father was holding only bank deposits to generate monthly income for our living which must be the reason later on we got to suffer when banks decided to reduce the interest rate. My father got savings but refused to invest. In my country some 15 years back itself, saving money on banks for interest generation had become not feasible.

Quote from: adzino on April 14, 2021, 06:04:37 PM

Without investment, you will likely suffer and will have to work forever. Investment does indeed build you future and will help you to retire early. Savings are not enough! You saving won't appreciate in value in the long run.

True. Investment will definitely help to cope up against rising inflation rate. Only because of high inflation, our saving will lose its buying power over the time; but when we are converting our saving into some asset and then selling that asset for profits will definitely help us to live better against inflation.

Exactly, in the book "A random walk through Wall Street" Malkiel Burton recommends that a good diversification also consisted of having funds in Online Banks, I do not have much knowledge of how profitable it is, in northern countries and Europe banks may online offer interests that attract people, but I am sure that they will not offer interests equal to or greater than 24% per year, and if they offer protection against a possible downturn in the world economy. The best current diversification I think can be the investment in Gold in physical and Digital, Real Estate, since crypto is very large, it could be divided between Bitcoin and at least the 5 coins of the Top of CMC, since in any world event it is you must take into account possible electrical and internet failures.

mezzaluna

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Investment is one way to earn more money but you need to leave your money for a long time before reaping its profit. Being able to learn about Cryptocurrencies is also another way to be economically stable but you have to be smart on how to earn things here. There are many opportunities to grab so that we could earn and those opportunities depends on us if we will pursue this path. Investments are great but most financial companies have the risk of losing all those over some scandals that they do not foresee. Better make sure and DYOR before doing this investments.

mikeauerbach

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I can't agree more. It took me more than 25 years to understand that being rich isn't about spending a lot of money. Luckily, I changed my mind.

ven7net

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Quote from: Mr.right85 on April 08, 2021, 10:12:37 AM

You don't have to be earning $1m before you be rich you can have that amount and if you don't have a good investment platform it's very possible that you'll return to the broke stage you left. The importance of investment is so clear that I get shell shock when I found out many people don't even have an idea about that talk more carrying out. For instance covid-19 took everybody unaware many lost their job, financially people and organization was affected, but let me tell those who had a good investment platform will not be affected that much, many think you need a huge amount of money before they could consider doing investment.
You can stay with a little but if you can discipline yourself couple with you having a good investment platform that implies you're already planning for Future.
The role of investment can't be over-emphasize, we all should cultivate that habit and most importantly we should read to k or consult an expert so you can be assured you're doing a nice investment.

Yes, you are right that those who invested were able not only to retain their funds, but also to increase them. However, this is only if you have invested in Bitcoin or other cryptocurrencies. During the pandemic, many industries lost customers and, for example, investing in real estate was not a very good choice, the stock market was also storming and continues to storm, but for example, Bitcoin and some top altcoins showed excellent growth. However, you must understand that there is no constant growth and after each growth there is a decline. Keep this in mind and choose a place to invest very carefully.

beerlover

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Quote from: LUCKMCFLY on April 14, 2021, 11:36:14 PM

A very valuable type of diversification in the 1970s was investing in bank bonds and saving money to generate interest, now that is not so feasible, the world is going at a different pace.

Yes, I remember my father was holding only bank deposits to generate monthly income for our living which must be the reason later on we got to suffer when banks decided to reduce the interest rate. My father got savings but refused to invest. In my country some 15 years back itself, saving money on banks for interest generation had become not feasible.

Quote from: adzino on April 14, 2021, 06:04:37 PM

Without investment, you will likely suffer and will have to work forever. Investment does indeed build you future and will help you to retire early. Savings are not enough! You saving won't appreciate in value in the long run.

True. Investment will definitely help to cope up against rising inflation rate. Only because of high inflation, our saving will lose its buying power over the time; but when we are converting our saving into some asset and then selling that asset for profits will definitely help us to live better against inflation.

LUCKMCFLY

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Quote from: slapper on April 14, 2021, 04:30:49 PM

I understand that investment is a good solution for Covid-19 or job loss. But not many people willing to take the risk in investment so that they choose the easy-going investment with low risk. And you know, low risk, low reward. Some even put their money in banks and expect to live with the low-interest rate. How hilarious

IMO, education is most important in order to raise people's awareness of investing. We are living in an era where you are able to access any brokerage as long as you have an internet connection and a computer to access the network. The opportunity is likely to equal everyone even if you are lack money. Regardless of how globalize our world may seem, the government tries to prevent investors from joining any brokerage at any cost. They just want us to deposit our money in government bonds and banks. They are obviously useless compare to bitcoin or any digital asset you can find

This is how to change mentalities, it is like a change of chip, now in these moments that the world is facing the pandemic problem, education is not the same, the approach can be changed in another direction, many are looking for a way to make money and work through the web.

If education is focused in a direction towards financial culture, towards accounting, if children learn from small businesses, we would have generations much more active in the markets and with more generation of work, it should be noted that I am Pro-Kiyosaki, what which is a great mentor for me, his books are exceptional, and if the world is going through these moments it is because a change is also needed in every sense, even economically. A very valuable type of diversification in the 1970s was investing in bank bonds and saving money to generate interest, now that is not so feasible, the world is going at a different pace.

adzino

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Quote from: Mr.right85 on April 08, 2021, 10:12:37 AM

You don't have to be earning $1m before you be rich you can have that amount and if you don't have a good investment platform it's very possible that you'll return to the broke stage you left. The importance of investment is so clear that I get shell shock when I found out many people don't even have an idea about that talk more carrying out. For instance covid-19 took everybody unaware many lost their job, financially people and organization was affected, but let me tell those who had a good investment platform will not be affected that much, many think you need a huge amount of money before they could consider doing investment.
You can stay with a little but if you can discipline yourself couple with you having a good investment platform that implies you're already planning for Future.
The role of investment can't be over-emphasize, we all should cultivate that habit and most importantly we should read to k or consult an expert so you can be assured you're doing a nice investment.

I think you meant "financial" stability. Not economical. Anyway, you are correct. Investment is important. Without investment, you will likely suffer and will have to work forever. Investment does indeed build you future and will help you to retire early. Savings are not enough! You saving won't appreciate in value in the long run. Better to put your money into something rather than keeping it sitting in the bank (and banks making all the profit).
Start investing from now. After 20 years, you will be eternally grateful to your self.

slapper

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I understand that investment is a good solution for Covid-19 or job loss. But not many people willing to take the risk in investment so that they choose the easy-going investment with low risk. And you know, low risk, low reward. Some even put their money in banks and expect to live with the low-interest rate. How hilarious

IMO, education is most important in order to raise people's awareness of investing. We are living in an era where you are able to access any brokerage as long as you have an internet connection and a computer to access the network. The opportunity is likely to equal everyone even if you are lack money. Regardless of how globalize our world may seem, the government tries to prevent investors from joining any brokerage at any cost. They just want us to deposit our money in government bonds and banks. They are obviously useless compare to bitcoin or any digital asset you can find

Marvelman

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Quote from: doomloop on April 14, 2021, 03:45:24 PM

Quote from: goldade on April 14, 2021, 03:39:08 PM

You can't become wealth by saving up. You can only become so rich when you invest the little you have to bring you even more. Many people don't understand this because they believe investment is risky but it is actually because they don't know the right ones to invest in.
For me, I believe investing in bitcoin yields a good return

Yes, you are coming up with very good point. I agree we must need to risk into something so that we can maximize the possibility of becoming rich rather than simply saving on regular basis. Saving is good but we should invest those saving into something so that it will get chances to multiply those savings. Otherwise saving will remain as same amount and may lose its buying power over the time due to inflation rate.

Usually people hesitate to the risk in investments because they are not aware of good investment opportunities. But after bitcoins, I am making use of it for long term investment by enjoying big returns on regular basis.

That's why most of the wealthy people nowadays, even if not all, got what they are today by dint of taking risk into their hands.

However, I think that your point should be taken in the right context. If we do not take risks, we cannot become wealthy. But, it does not mean that we have to be fool-hardy in order to take a risk. I mean, should we be so desperate as to risk everything for a chance at increasing our income? Should we be so bold as to risk our well-being for a chance at acquiring more comfort?

Topic: Investment the way to economic stability (Read 472 times)