Of course, mindset and knowledge count, but one has to be conscious about the broader perspective that encompasses all these systemic issues. Thousands of people are struggling with financial problems beyond their control, such as increased living costs and all that insecurity about economics. Recent economic news underlines the fact that all these could be major barriers toward building wealth, no matter how savvy anyone is.
Also, I do agree that making good investments is super important, but it’s not the only thing that matters for financial success. Stuff like inflation and changes in the job market can really affect your personal wealth. So, yeah, having a growth mindset is great, but you also gotta think about these bigger economic things that can shape your financial results.
Topic: You Can’t Earn Beyond Your Level of Understanding (Read 751 times)
It’s easy to think getting rich comes down to luck, connections, or simply working harder. But the real game-changer lies in your mindset.
That's not correct to say. Getting rich comes down to luck and the proof of that is, if you bought Bitcoins years ago and held them till this day, you'll be a millionaire. Doesn't this require luck? Yes, because no one knew that Bitcoin would reach 70K from a few cents and dollars.You also need connections because that's how you do business and step up in society. I started UI/UX design, couldn't get employed for months unless one day I meat a very famous company owner through my friend. I met him, talked to him about my UI/UX skills, showed him my works, he got interested in and I landed a job. After that, I got many clients, thanks to that one day that changed my life.
Bitcoin also changed my life and it was because of luck, I got lucky to get introduced to Bitcoin.
Working hard is also a must-have. You have to work hard on smart things, not physically hard in construction.
Jumping into a business without knowing the risks and challenges often leads to failure.
I've seen stupid but rich people who got rich because they didn't analyze the risks and challenges of the business. This is also part of luck. 
It all comes back to the desire to do it or not because if we have the desire to make money from Bitcoin investment or Bitcoin trading of course we will try to learn it.
So the point is everyone has the same opportunity in everything to gain knowledge depending on the level of belief and willingness to try to learn it.
And personally I think everyone's level of understanding is the same, it all depends on yourself in the learning process, and it must be admitted that not everyone wants to learn something.
So the point is everyone has the same opportunity in everything to gain knowledge depending on the level of belief and willingness to try to learn it.
And personally I think everyone's level of understanding is the same, it all depends on yourself in the learning process, and it must be admitted that not everyone wants to learn something.
The opportunity to learn can indeed be considered the same, but the beliefs and desires of each person cannot be considered the same because from these two sides it can give birth to different thoughts about what has been learned by each person because everyone also sees the risk when they already know something through their learning. However, if we look at the core point where everyone who always wants to gain profit in their life, whether through investment or through trading, of course everyone must have the desire to learn diligently and the desire to continue trying without giving up for any reason.
And in conditions like this, I think investors and traders who already have a lot of experience and also have more capital that can still be used by themselves, of course they will direct most of it to Bitcoin because Bitcoin is experiencing a decline which in general can continue to be utilized through purchases. But people who are not sure about the next price increase in Bitcoin will definitely not dare to take such a stance because they still tend to panic with market conditions that often change like now.
It’s easy to think getting rich comes down to luck, connections, or simply working harder. But the real game-changer lies in your mindset. Without understanding how investments work, you’re likely to lose money in the market. Jumping into a business without knowing the risks and challenges often leads to failure. Your ability to spot opportunities and sidestep traps is directly tied to how much you know. The more you grow your understanding, the more you unlock the potential for wealth.
In everything, knowledge is the power. There is no way you will be successful when you don't know how such things work, and that is the same thing with this space. Whether trading or investing is all about knowledge, knowing how it works is very important. As for luck, there are some people who are always getting lucky when they want to do something; they get the privilege of getting a job or anything they want. But mostly it is knowledge that is the main thing in what we do.
Many years ago, when I was a worker at a company, I heard about the history of my company. Our chairman of the board is an uneducated man, and comes from the underworld, but he rose through his own courage and daring as well as through connections. Meanwhile, all employees such as general directors, executive directors and below of the company have master's, university, college degrees...So is it true to say that people without high education, without degrees, will never have the opportunity to earn more money than people with high education?
As I said, there is no single formula or path that leads us to wealth, there are thousands, millions of ways to help us become successful and rich. Just because we haven't experienced it, seen it, or are incapable of doing it, doesn't mean others will be like us.
As you wrote, it's a matter of several years ago, so the answer to your question is already present in your question. Earning money and living life was not as difficult as it has become today. In the past, there was no such competition, and even a few years ago, there was no such inflation as there is today. As time passes, competition is getting tougher and tougher, so no one can deny the importance of education.As I said, there is no single formula or path that leads us to wealth, there are thousands, millions of ways to help us become successful and rich. Just because we haven't experienced it, seen it, or are incapable of doing it, doesn't mean others will be like us.
I'm not saying that those who don't have an education can't do anything; hard work is something that doesn't let you go hungry, but education is like the light of the eyes. If you have an education, you can easily get everything that an illiterate person might get after years of hard work.
Education gives us awareness and confidence. If someone is very lucky, they can achieve such success with the support of people and hard work, which even educated people might not be able to achieve. Many times, it depends on luck, but 90% of the reality is that the importance and usefulness of education are very high, and in today's era, being educated is very necessary.
It’s easy to think getting rich comes down to luck, connections, or simply working harder. But the real game-changer lies in your mindset. Without understanding how investments work, you’re likely to lose money in the market. Jumping into a business without knowing the risks and challenges often leads to failure. Your ability to spot opportunities and sidestep traps is directly tied to how much you know. The more you grow your understanding, the more you unlock the potential for wealth.
However,let’s be honest: We’re all operating within a system designed to push us toward spending and debt. Capitalism thrives on consumption, with everything — from ads to social media to the way jobs are structured — nudging us to chase the next shiny thing.his fuels dissatisfaction and endless comparison, making it harder to stay focused on what truly matters.
The reality is that most people do not even understand after trying to learn, it's clear that the world population is not that high on IQ, we have a lot more stupid people than smart people, and while I do agree that you do not have to be genius to be able to trade, you can't be stupid neither, you have to understand certain concepts and many people don't.However,let’s be honest: We’re all operating within a system designed to push us toward spending and debt. Capitalism thrives on consumption, with everything — from ads to social media to the way jobs are structured — nudging us to chase the next shiny thing.his fuels dissatisfaction and endless comparison, making it harder to stay focused on what truly matters.
I am not saying this to bash other people, I am not a great trader myself, even after this many years I am still not making a bank, normally if I had the capacity to be a great trader, by this time I should be living off just trading income, a lot of smart people do, I am not. So this isn't about "other" people, I am talking about us, me included, sometimes it just doesn't apply to certain people and we can't expect great results, so we settle for decent.
However,let’s be honest: We’re all operating within a system designed to push us toward spending and debt. Capitalism thrives on consumption, with everything — from ads to social media to the way jobs are structured — nudging us to chase the next shiny thing.his fuels dissatisfaction and endless comparison, making it harder to stay focused on what truly matters.
The point now when it comes to competition to stay in a stable economic status is to learn, learn and continue to learn to breed the investment world and opportunities in understanding modern technology. Because when you are able to surf in the midst of digital economic competition, the opportunity to get more places is very high. Don't be too happy to be in your comfort zone, move and continue to grow because we are all competing.
According to your topic which says, you can't earn beyond your level of understanding. To me I will say their are different measures of earning for everyone but the area you would face a problem as a person with low understanding is when you lavish what you have.
A foolish man can earn more than a wise man but a wise man would be more successful than the foolish because of the knowledge and understanding they have and it also depends on luck, lucks differs.
A person can earn more than his understanding but won't be successful and another thing to be considered here should be what you are earning from like you have said, in investment, online business I take for an instance forest trading it only takes understanding to be able to earn here this place there is nothing like luck for the foolish if a low understanding person ventures into this there is no escape root as in luck.
So In everything it depends on what you are into.
A foolish man can earn more than a wise man but a wise man would be more successful than the foolish because of the knowledge and understanding they have and it also depends on luck, lucks differs.
A person can earn more than his understanding but won't be successful and another thing to be considered here should be what you are earning from like you have said, in investment, online business I take for an instance forest trading it only takes understanding to be able to earn here this place there is nothing like luck for the foolish if a low understanding person ventures into this there is no escape root as in luck.
So In everything it depends on what you are into.
A person's income is not measured by how high their education is, but how persistent they are in trying, people who are persistent and never give up will get results commensurate with their struggle, many people are smart in education but they are picky in work, but people who are low education will take all the work as long as they can make money, that way they will continue to learn about how to make more money, and they always try continuously until they reach the point where they want, in terms of education alone it cannot measure like other people that is being persistent in fighting for success, in the world of commerce what is important is being persistent in trying, never giving up, failing, trying again, falling and getting up again, that is the key to success for someone who is active in trying.
This is so true, I have seen a lot of practical examples of this in my life where people with very high education and knowledge are working for small wages while those with less education but smart mindsets and quick thinking abilities are running businesses and companies. The reason is the struggle they do and the amount of dedication they put in each work that they get into.Many people wouldn't take their jobs or businesses seriously, many lose their jobs or businesses because they are overconfident. It's good to be confident when you are doing well, but a person needs to stay low all the time, evaluate every situation and see what's happening around no matter how high of a place you have reached.
So it's all about the mindset of a person, in my opinion.
This is unfortunately true in the capitalistic system we're currently living in. We're constantly being presented with new goods and services that we "need," portraying them as a must-have, nudging us to purchase more and more stuff we ultimately don't need. It creates a vicious cycle of unsatisfaction and excessive spending, as these items satisfy us for a brief amount of time, which then leads us to purchase newer stuff to saturate our appetite.
To be fair we do not "need" them, but by logic we can just go find some very cheap land in middle of nowhere, build a cabin, eat simple food from farmers, nothing big, just simple bread and wine and meat all day everyday, with some butter and cheese and eggs and chicken to go with that, and just keep doing that until we die, we won't "need" anything else, maybe some fruits I suppose, and some other food for vitamins. To be fair, the new medical ways are better than old ways in the sense that it could save someone that they used to can't save, which makes more sense, so we would use modern hospitals, but aside from that you could live like it's 15th century and won't have much issues.The "need" is the need, and if you need it then you need it. Sure you don't need the latest iphone, but you also don't "need" any phone at all, write a letter and send it if you want, but we don't, we use phones. Life isn't about what we need, it's about how we want to live.
It’s easy to think getting rich comes down to luck, connections, or simply working harder. But the real game-changer lies in your mindset. Without understanding how investments work, you’re likely to lose money in the market. Jumping into a business without knowing the risks and challenges often leads to failure. Your ability to spot opportunities and sidestep traps is directly tied to how much you know. The more you grow your understanding, the more you unlock the potential for wealth.
You know that what is seen is what is sold. As you know it is the age of social media. Everything is viewed and searched on mobile so people mostly run ads and its major disadvantage is that along with the good things, there are fake ones as well. Things are also run mostly that have no reality or benefit, and when people see that something is being promoted a lot, they tend to go for it, that's why the scam has grown so much that people can't believe even the good stuff.Where modern facilities and inventions have advantages, they also have disadvantages. The biggest disadvantage of social media is that you can promote fake things here and until you buy those things or do not research, there will be no idea that it is not true or beneficial.
Therefore, it is wise to do good research before doing any work, when you are satisfied that it is really beneficial, then you should do that work and if you start any business, then it is true. Unless you are well versed in it, you will lose more than the deal. Trading is exactly the same. It can do more harm than good if it's not learned well before it's done.
hero member
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Richness is not about chance or working harder than the next man. It is about It's about thinking critical and smartly. You have to see every investment as though it is trying to con you. Jump in blind? Yes, you will burn assured. Choose investments, then know them both inside and outside. Expanding your wealth is about knowing more than about spending more. Wealth is not instantaneous; it takes time and it requires more than just want to be wealthy. Though that's a loser's game, everyone wants quick satisfaction. The real secret is... Analyse closely every financial choice you make. It's about becoming smarter rather than about working more. This goes beyond your bank account; it's about developing a financial strength
You are right and that is the reason why we must research before we decide so we can do the right thing to achieve our goals. When we want to do investment, we will research for the information furthermore to find how the investment works. We will make sure that we can get more information and if we see the investment is not right or not makes sense, we will leave it because we don't want to risks our money. When we can learn many things about the right way to achieve our goals, getting rich, we will see what we need to do to go that way so we can adjust ourselves with what it needs. While we learn about many things, we can improve ourselves to have better knowledge that can help us to gain the benefit so we can achieve our goals. So we must know what we want to do before we choose. 
It’s easy to think getting rich comes down to luck, connections, or simply working harder. But the real game-changer lies in your mindset. Without understanding how investments work, you’re likely to lose money in the market. Jumping into a business without knowing the risks and challenges often leads to failure. Your ability to spot opportunities and sidestep traps is directly tied to how much you know. The more you grow your understanding, the more you unlock the potential for wealth.
what I have noticed in any business currently is that when you don't understand the investment method you will not be able to make profit from it, so therefore you have to verify the investment first to know the procedures of the investment before you invest in it, so I know that cryptocurrency investment is the investment people were lamenting, any of the new investment what you will consider most for the investment is the risk that is attached to it,that's the reason people always make a consultation for any of the investment before they go into it, I want to let people know that to be rich is through your investment plan because if you don't have investment plan you will not become successful. 
Thinking getting rich with luck, connection, or working harder is easy but the action will not be easy as you need to use all of your ability to earn more and more money. Investment is another ways to make money but you must know everything before you decide to pick one or two type of the investment. Without learning about the investment, you will get the wrong investment type that will makes you lose your money. If you want to rich, you must search for the ways that will help you to earn more money and once you can earn money, you can works smart and harder than other people. But you must realizes that getting rich needs time because no instant way to rich. When you can open your minds about the new ways to make money, you will see that you have more options to earn money but many times we are lazy to do one things for some time. We want to get rich in a short time and that is normal but you must realizes that you need to work and something that can help you get rich.
Richness is not about chance or working harder than the next man. It is about It's about thinking critical and smartly. You have to see every investment as though it is trying to con you. Jump in blind? Yes, you will burn assured. Choose investments, then know them both inside and outside. Expanding your wealth is about knowing more than about spending more. Wealth is not instantaneous; it takes time and it requires more than just want to be wealthy. Though that's a loser's game, everyone wants quick satisfaction. The real secret is... Analyse closely every financial choice you make. It's about becoming smarter rather than about working more. This goes beyond your bank account; it's about developing a financial strength 
But the real game-changer lies in your mindset. Without understanding how investments work, you’re likely to lose money in the market. Jumping into a business without knowing the risks and challenges often leads to failure. Your ability to spot opportunities and sidestep traps is directly tied to how much you know. The more you grow your understanding, the more you unlock the potential for wealth.
Well said here because the intellectual development of every individual is dependent on their mindset towards positivity because no one goes beyond their knowledge that's why people hires others to solve some problems for them but however, one can really earn beyond their level of knowledge or understanding but all they need is to have a literal knowledge and understanding of what they don't know then they can seek people who are professionals in that field and they solve the problems while the proceeds belongs to you and you can settle the people that did the job for you but the only problem is when you hire dubious and selfish people to perform a task for you, they can undue you and you lose your money. However, it will be good to employ people that can teach you how to exploit something you have no idea of than to tell them to do it when you don't have complete knowledge of how the system works.
In business, it is better to do background checks to know the possible risks involved in the kind of business you want to venture into so that it can enable you to proffer means to handle such risks if peradventure it surfaces in the future.
legendary
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Today, Intellectual properties thrive in the tech world, and the idea of physical properties is getting sidelined by the billions of dollars software generate. Two months ago, I saw a video on Instagram where “Pavel Durov” the CEO of telegram mentioned he doesn’t own any physical property.
If we look at the development of various platforms and technologies today, of course this is natural and not surprising because now everyone can also become rich without having any physical wealth as long as he is able to keep all his wealth in the form of software. People like Pavel Durov are very smart people and he certainly knows that now everything will be easier to maintain when his wealth is not in physical form, although people who have physical wealth also don't need to worry as long as all of it can still be properly maintained by themselves. It's more than that, many people are scared of volatility, but they didn't scared to see their money lose over time.
People think investing in time deposits, bonds and gold can make their money grow, but actually they still lose their money even though not as high as savings.
It's common and considering it just doesn't happen exclusively in crypto. In job market, it also happens especially in freelance. In freelance, you gotta risk the volatility of the clients that you're going to encounter especially when you're doing projects that are just for the short-term.People think investing in time deposits, bonds and gold can make their money grow, but actually they still lose their money even though not as high as savings.
To be fair, gold is not all that bad but if you're considering stuffs that isn't regulated.... well we're here already doing it. Maybe just not rely on one thing on earning, whether it'd be a job or investment.
hero member
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Not many users have highlighted the importance of connections so far. I've had acquaintances and friends from university who were completely incapable of unzipping a winrar file, however, they managed to land decent jobs due to their connections, something which seems and is unfair if you're busting your ass off to find a proper workplace.
We have seen many unfair things around us but we can not jealous about that because we don't have something like that. What we can only do is just keep learning what we want so we can improves ourselves without rely on other people. We can succeed from what we do without related to other connection from other people because we can work smart and hard than other people and we have luck that can help us to success. We must remember that every human will have the same chance so we can do many things that we can to change our life better. We can't give up before we success because we make sure that we can achieve the success with what we do. Achieving success is just a matter of time and only comes to those who wants to gives their will to do the best thing that they can do. 
This is true in capitalist countries, businesses exist to provide products and services that people will yearn to have and use, in the end, people are working for what they want and not what their basic needs.
People after acquiring a new phone model are looking for the next model to acquire, take the case of the iPhone it has become the status symbol of people living in capitalist countries.
They are out of focus on what they need to sustain their basic needs so they remain slaves to the working environment they are used to, instead of setting up their business to have financial freedom.
This is unfortunately true in the capitalistic system we're currently living in. We're constantly being presented with new goods and services that we "need," portraying them as a must-have, nudging us to purchase more and more stuff we ultimately don't need. It creates a vicious cycle of unsatisfaction and excessive spending, as these items satisfy us for a brief amount of time, which then leads us to purchase newer stuff to saturate our appetite.People after acquiring a new phone model are looking for the next model to acquire, take the case of the iPhone it has become the status symbol of people living in capitalist countries.
They are out of focus on what they need to sustain their basic needs so they remain slaves to the working environment they are used to, instead of setting up their business to have financial freedom.
Thinking getting rich with luck, connection, or working harder is easy but the action will not be easy as you need to use all of your ability to earn more and more money. Investment is another ways to make money but you must know everything before you decide to pick one or two type of the investment.
Not many users have highlighted the importance of connections so far. I've had acquaintances and friends from university who were completely incapable of unzipping a winrar file, however, they managed to land decent jobs due to their connections, something which seems and is unfair if you're busting your ass off to find a proper workplace.
It’s easy to think getting rich comes down to luck, connections, or simply working harder. But the real game-changer lies in your mindset. Without understanding how investments work, you’re likely to lose money in the market. Jumping into a business without knowing the risks and challenges often leads to failure. Your ability to spot opportunities and sidestep traps is directly tied to how much you know. The more you grow your understanding, the more you unlock the potential for wealth.
Becoming rich is beyond from my own perspective is not just all about luck or connection. Success can be achieved when you get the right information or being in the right place at the right time. Making judiciously use of the information given to you by working smart and having the focus to see the end of what you are doing. To succeed you must skillful work hard to unlock the potential in you through persistence. Also surrendering yourself with people that can be of help to you when you need them, not having a thousand of friends that cant help you or advise you when you need their help. Jump to: