Logic of life - page 5. | Bitcointalksearch.org

Inwestour

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Quote from: Kara3 on May 27, 2023, 06:31:45 PM

The logic of life is that you can't earn more than you know,
Any amount you are earning today is 80% as a limit of what you know.

The richest man on earth is earning whatever amount he is earning due to the advantage of what he knows or can do.

So, before you can move from earning $100 dollar monthly to $1000 per month,
One of the major thing you must scale up is your knowledge.

So ask yourself, what should I know that can make me ×2 my monthly income?

Seek knowledge always.

Of course, there is logic in this, but in addition to knowledge, we also need experience so that we can apply this knowledge in practice.

I will give you an example that does not require knowledge to increase income:
A person works as a builder in his own country, he is a good specialist in his field, but he can receive no more than $ 500 a month. One day he decides to go to work in another country, where he can receive 1000 or even 2000 dollars a month for this work. He will do it without any new knowledge, he will simply go to a country with a higher standard of living.

Or another example, you opened a coffee shop, it brings $ 200 in profit, you did not receive any new knowledge, but saved up some money in a year and opened 4 more coffee shops and thus 5 coffee shops will bring you $ 1000 per month, no new knowledge simple scaling.

Sometimes it is enough just to act to increase your income, it is not necessary to back it up with your knowledge, although this will also be a positive thing.

Nhazwrath

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Be aware that there is a Pareto distribution of ALL wealth.

There is also a Pareto distribution of skills

If you know these two things you can see that aiming for the top is a low probability of success.

Aiming for the middle high of 2 or 3 sets of skills is almost a guaranteed success. More skills taken to middle high increases chances of success

And Yes I am using Chance instead of "hard work" hard work will only increase "Chance"

justdimin

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Quote from: savetheFORUM on June 01, 2023, 09:38:10 AM

Quote from: xSkylarx on May 30, 2023, 03:22:07 AM

Your calculation is way too off, but scaling up is really needed, and it depends on what industry you are in, like me in the online space, where there is constant competition and you need to acquire new skills or improve them more to get hired, as well as getting an increase if you are doing well in your job. But again, the world is unfair, and it doesn't mean that if you do have that knowledge or skills, then you are earning big. Sometimes there are no opportunities knocking at you, and also there are dump people that got rich just because they inherit their parents wealth, so yes, this is a case-to-case basis.

Apart from inheriting wealth, people can also earn a lot of money if they know how to control people and make them work for them, even if the company you are running is not what you are much knowledgeable about, you can still earn a lot of money if you hire people who are knowledgeable about it and all you do is manage those people and make them run the company.

There are a lot of examples like these, there are people who are totally illiterate but they have multiple companies, the reason behind that is that they have the skill of controlling people and understand how they can make people work for them and run their businesses without him having to do anything himself.

I think starting a company is a slow way of making money, not a lot of companies start with a couple grand and become million dollar business' overnight, that takes decades of work. Sure these days startups are a bit different, there are a million startups and one out of that million end up getting bought out by some huge company and that's their goal, to have an exit strategy and let the revenue issue solved by a bigger company.

In the end that causes them to become something much bigger and it allows those to get rich quick but that is a very few people and not common. Inheritance on the other hand is something that doesn't really take time, if someone dies, you get their money overnight, and suddenly you are rich, but if the person that died was rich, chances are so were you already.

Wong Gendheng

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Quote from: Kara3 on May 27, 2023, 06:31:45 PM

The logic of life is that you can't earn more than you know,
Any amount you are earning today is 80% as a limit of what you know.

The richest man on earth is earning whatever amount he is earning due to the advantage of what he knows or can do.

So, before you can move from earning $100 dollar monthly to $1000 per month,
One of the major thing you must scale up is your knowledge.

So ask yourself, what should I know that can make me ×2 my monthly income?

Seek knowledge always.

In life, knowledge is important, but we must see the true facts that many people have extensive knowledge but when there is something for example investment, he is afraid of being exposed to scams because according to his knowledge that investment is high, it is high risk and even becomes a scam.

Asiska02

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Quote from: Kara3 on May 27, 2023, 06:31:45 PM

The logic of life is that you can't earn more than you know,
Any amount you are earning today is 80% as a limit of what you know.
The richest man on earth is earning whatever amount he is earning due to the advantage of what he knows or can do.
So, before you can move from earning $100 dollar monthly to $1000 per month,
One of the major thing you must scale up is your knowledge.
So ask yourself, what should I know that can make me ×2 my monthly income?
Seek knowledge always.

I don’t believe in all of your statements and I have a strong contradiction to what you’ve said about the logic of life on increasing income from its former price. It does not have to be knowledge before you can scale up your earnings. Do you even mean having knowledge from education or what??

As a layman that didn’t go to school, I can scale up my earning by finding the right tools and equipment to use for my business. My place of business is a very great tool for me to increase my earnings, if I get a good location to help foster my sales to the consumers, I can increase my wealth. It does not have to be going to class to seek for knowledge on new things. The world is changing everyday, and we can as well learn from the happenings around the world.

Mr.right85

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Quote from: Kara3 on May 27, 2023, 06:31:45 PM

The logic of life is that you can't earn more than you know,
Any amount you are earning today is 80% as a limit of what you know.

The richest man on earth is earning whatever amount he is earning due to the advantage of what he knows or can do.

So, before you can move from earning $100 dollar monthly to $1000 per month,
One of the major thing you must scale up is your knowledge.

So ask yourself, what should I know that can make me ×2 my monthly income?

Seek knowledge always.

There is a truth to this but the context could be redefined in some ways. In our time, there are those who don't invest as much time or don't need to know much about a subject to make money or archive good success out of a field. All they've got to know or have is some managerial know how and the financial power to employ labour out of those whom have got the knowledge to work a business or an investment.
It is a typical "A graders working for C graders" where, you let your money work for you in doing all the thinkings.

bayudndy

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Although knowledge is valuable, it is not enough to bring about financial stability. That's why we need to apply that knowledge through action. Taking proactive steps, making informed decisions, and implementing plans are essential to progress. Without action, knowledge remains theoretical and does not lead to tangible results. Also, action allows you to learn through real-life experience. With knowledge and action, you gain insights, learn from their successes and failures, and refine their strategies. This iterative process of learning and adaptation can lead to continuous improvement and financial growth. So without stopping and applying your knowledge effectively, you can increase your earning potential and find fulfillment in your chosen endeavors.

Rockstarguy

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Quote from: disconnectme on May 28, 2023, 12:13:55 AM

Knowledge is very key to financial freedom but it is not enough, there are many people that are smart but are lazy, and you still need to covert this knowledge to actions, knowledge is like a potential energy that needs to be converted to kinetic energy through diligence. There are many people that only know one thing but through their hard work they have been able to turn their lives around and secure their financial future. Also if you are in a good company of people it helps

Knowledge is not enough to be financially okay, passion to work is also needed. Action taken is very important for financial stability, knowledge without no action will make one to remain stagnant. Growing financially is an application to work, to think and to generate what can bring money.

Action is very important, atleast to start up small and consistency will definitely yield something big at the end.

Negotiation

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The use of knowledge is essential for every activity in life without proper knowledge a person can never move forward. No matter how rich a person is, if he does not have enough knowledge, he will not find the right concept of earning. Whatever you do you must be making some kind of product. To perfect your product, you need to know people's reactions weak people get frustrated with criticism. And mentally strong people use criticism to improve themselves. They listen to people's reactions try to understand how true this response is and think where they can improve themselves.

bluebit25

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It means actively learning through a variety of experiences even if it is the failed life lessons we receive. What I find when I do anything is always keep the mentality of not giving up, and for the sake of making money I think knowledge gives us many different opportunities.
Most recently I was talking to a friend about coming up with a business idea, found out he just wanted to start a business but never had any ideas to implement, and I talked about experiencing it. His experience to solve problems he needs to start learning everything again, and it will never be boring if he knows how to start from the very basics.

Alpha Marine

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This is false. There are people that are underpaid in whatever job they're doing. There are people that know who to earn a million but don't have the financial resources to back it up.
The richest musicians are not always the best at making music. There are people who are geniuses at their craft, but they're not the riches. The richest men in the world are not the most intelligent people in the world. In fact, they're not the most intelligent people in their field.
Saying someone earns what he earns because that's the limit of his knowledge is so false. There are people with very less opportunities and they're at a very big disadvantage to others who have those opportunities.

letteredhub

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Quote from: Kara3 on May 27, 2023, 06:31:45 PM

The logic of life is that you can't earn more than you know,
Any amount you are earning today is 80% as a limit of what you know.

The richest man on earth is earning whatever amount he is earning due to the advantage of what he knows or can do.

So, before you can move from earning $100 dollar monthly to $1000 per month,
One of the major thing you must scale up is your knowledge.

How about those that earn below more than they know. Based on your logic that is not always the case about life as there are many people in the streets earning so little despite how much they know while some others are earning high based on connection but not what they know. Sometimes luck too can make your (op) logic not count in certain situations of life but that doesn't mean knowledge is not a principal thing in life but knowledge doesn't always pay accordingly to how much you may know. Other factors also plays much influencial role too.

sulendra12

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Quote from: Kara3 on May 27, 2023, 06:31:45 PM

So ask yourself, what should I know that can make me ×2 my monthly income?

Seek knowledge always.

Sure, but in the reality from my point of view. When I was a kid lot of people when in school they got lot of rewards because of their knowledge but once they entered the working situation then most likely they didn't know what to do because they lack the experience of doing certain things in that job and it's common in here. Sure you do have knowledge of that but in practical if you don't know how to use it then it's useless.

As always theory and practice are a must if you want to actually improve on anything.

awik p

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Quote from: xSkylarx on June 01, 2023, 11:34:28 PM

Quote from: wmaurik on June 01, 2023, 05:13:13 PM

Quote from: ?? on ??

Nowadays we can see very many people who are highly knowledgeable but they cannot use it well, and the income they get cannot be enough, and for me only one problem for that person is laziness that always haunts him, because nowadays there are very many successful people but they only rely on experience and work hard and finally they can get everything they want, So in addition to having knowledge, we also have to work hard.

Having knowledge does not mean that someone has to stop working hard because hard work is the first motivation that must be owned by everyone in this world even though someone still has little knowledge. Because there will be no results that can be picked if knowledge is only stored within a person without being applied to his work in order to generate more income. Actually it's quite easy to understand because working hard is the basic foundation in life, while knowledge is a tool to make it easier for someone to work so that they can save more energy on themselves.

this really depends because there are a lot of knowledgeable people in business that got rich because they do hussle a lot like they know what to invest to or put up a business and they just need to hire someone to run it then its done. Though working hard is always a must but it is still better to work smartly as you can get the same results with little effort. This is like working hard in a job that you thought you'll get an increase but it was opposite youll get more task

many people are highly educated but do not have a place to work to develop their knowledge, so work is not in accordance with their field, and of course they will not get optimal results, while they do not have other skills than that. therefore intelligence is needed to develop oneself, being smart is not enough to face the current era. that's why many smart people develop their businesses and start new challenges, so that their businesses expand

xSkylarx

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Quote from: wmaurik on June 01, 2023, 05:13:13 PM

Quote from: ?? on ??

Nowadays we can see very many people who are highly knowledgeable but they cannot use it well, and the income they get cannot be enough, and for me only one problem for that person is laziness that always haunts him, because nowadays there are very many successful people but they only rely on experience and work hard and finally they can get everything they want, So in addition to having knowledge, we also have to work hard.

Having knowledge does not mean that someone has to stop working hard because hard work is the first motivation that must be owned by everyone in this world even though someone still has little knowledge. Because there will be no results that can be picked if knowledge is only stored within a person without being applied to his work in order to generate more income. Actually it's quite easy to understand because working hard is the basic foundation in life, while knowledge is a tool to make it easier for someone to work so that they can save more energy on themselves.

this really depends because there are a lot of knowledgeable people in business that got rich because they do hussle a lot like they know what to invest to or put up a business and they just need to hire someone to run it then its done. Though working hard is always a must but it is still better to work smartly as you can get the same results with little effort. This is like working hard in a job that you thought you'll get an increase but it was opposite youll get more task

irhact

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Quote from: Kara3 on May 27, 2023, 06:31:45 PM

The logic of life is that you can't earn more than you know,
Any amount you are earning today is 80% as a limit of what you know.
The richest man on earth is earning whatever amount he is earning due to the advantage of what he knows or can do.
So, before you can move from earning $100 dollar monthly to $1000 per month, One of the major thing you must scale up is your knowledge.
So ask yourself, what should I know that can make me ×2 my monthly income?
Seek knowledge always.

Seek knowledge before you seek money, you can't earn when you haven't learnt. For example, an individual that wants to start trading so he can earn extra income has to learn how to trade first. If a trader only learns how to trade the spot market then he can only market profits when the market is pumping but if another individual learns both spot and future trading, he can make money from the rise or fall of the market.

The second trader will make more profits than the first trade if the market favors both treaders and they're not making losses. Knowledge increase your ability to earn more therefore we most seek to increase our knowledge of we want to start earning more money.

wmaurik

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Quote from: ?? on ??

Nowadays we can see very many people who are highly knowledgeable but they cannot use it well, and the income they get cannot be enough, and for me only one problem for that person is laziness that always haunts him, because nowadays there are very many successful people but they only rely on experience and work hard and finally they can get everything they want, So in addition to having knowledge, we also have to work hard.

Having knowledge does not mean that someone has to stop working hard because hard work is the first motivation that must be owned by everyone in this world even though someone still has little knowledge. Because there will be no results that can be picked if knowledge is only stored within a person without being applied to his work in order to generate more income. Actually it's quite easy to understand because working hard is the basic foundation in life, while knowledge is a tool to make it easier for someone to work so that they can save more energy on themselves.

famososMuertos

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Quote from: Kara3 on May 27, 2023, 06:31:45 PM

The logic of life is that you can't earn more than you know,
Any amount you are earning today is 80% as a limit of what you know.

The richest man on earth is earning whatever amount he is earning due to the advantage of what he knows or can do.

So, before you can move from earning $100 dollar monthly to $1000 per month,
One of the major thing you must scale up is your knowledge.

So ask yourself, what should I know that can make me ×2 my monthly income?

Seek knowledge always.

And well, okay!

What is the point of the discussion, if that premise works for you it's fine.

I would tell you that the idea is not to win 2x or 4x, you get to a point in your life that you need to determine how much you are happy, because even those who have money are looking for more every day, so, ihmo, it is not a factor it's about your happiness.

Perhaps, it is a cool reflection for a board that needs to talk about economics, which implies having numbers to quantify and not qualify; happiness is such a complex measurement scale that it is not measurable but it is done from an economic point of view, based on security, well-being, quality of life, etc.

Understand me, if you are "happy" that does not imply a financial result *+*, now if you use "factor, 2x (e.g.)" it is another situation, that perhaps you can dismember into a factor like " Logic of life ".

Jody.Drummer

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Quote from: Razmirraz on June 01, 2023, 09:48:57 AM

Relying on knowledge alone is not enough to generate 2x your monthly income. Knowledge must be supported by effort, the two can be collaborated into one to earn more than you expect. Even the richest people need to try to get whatever amount they want, they get it easier because they have a lot of capital. Calculations must be in accordance with the realities of life, don't expect wealth to come only by relying on knowledge.

Knowledge and hard work must go hand in hand, we cannot rely on one of them alone, but both must support each other to create a long and straight path. Many people have a lot of knowledge but they are lazy enough to do something, so they will not get what they want. Likewise, on the other hand, when hard work is not accompanied by knowledge, the path to be followed will not be organized and will fall apart. Therefore we have to align all things about it.

Litzki1990

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Quote from: onecall123 on May 31, 2023, 10:13:40 AM

I do believe that both knowledge and hard work play a crucial role in achieving financial success and leading the regular life. In my opinion, knowledge opens up new doors of opportunity and provides us with valuable insights into various aspects of life. However, having knowledge alone is not sufficient. Hard work is equally essential as it allows us to apply our knowledge effectively and achieve the desired outcomes. Therefore, I believe that a balance between knowledge and hard work is crucial in achieving financial success and leading a fulfilling life.

To achieve success in life, both knowledge and hard work are very important. If we work hard without proper knowledge then we will never get success in life.

Suppose you build a boat, if you try to sail that boat, and if you work hard to sail it, will you succeed? You are working hard, so why not succeed? You have worked hard to steer the boat on the road but you have not applied the correct knowledge here. the boat will run on the water if you had this correct knowledge then your hard work would have been useful.
Real life is just like that, the importance of knowledge is immense in choosing the right job and we have to work hard to implement that job, that is, hard work and knowledge are both very important.

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