Skip to main content

Posts

Showing posts from November, 2021

Economy class

Economy should be taught as early as possible. We see educational reform curating their curriculum on vast topics which ranges from things happened centuries ago to new age technologies. These are all good and must be taught. But the economy has its prime importance. Each and every person is a part of the economy and it is affecting us directly and indirectly.

Financial literacy

Learn to earn is a very powerful way to express the need of financial knowledge. Everyone dreams of becoming financially independent, yet majority learns nothing about finance. They can learn at least personal finance management. Financial world is a never ending way. There are millions of things to learn about. But people don't even know the very basics of finance and they struggle their entire lives to make more money. They don't know how to make their money grow even when they are sleeping. There are multiple ways to do that. We can easily spot a financially educated and the other by simply observing their life. One always stays in debt and other in profit.

Having a plan

There are several ways to improve your life every single day. The best one is to have a to do list. Even if we don't complete the whole to do list, it makes a lot of difference. In the long term, it yields staggering results. A day without a plan is like a life without a purpose. People with purpose knows what they want to do and when they want to do. There is little confusion in between. At the end of the day all that matters is the fulfillment that gained from doing those things. Even if we don't know what is the purpose of life, by simply ordering the day based on our understanding of what is important and not helps to identify it. It slowly moulds in the way. The fear whether we would be able to complete the task in time is what, for some people, a refraining factor. But that is a great reflection of our true self. It helps to stabilize the actual value. 

Cutting expenses

Cutting down the expenses is one of the way to increase revenue. Some companies perform better from last year due to increased number of product sales and services extended. This surely get reflected in the financial statements issued. Therefore more revenue can be generated without cutting the unwanted expenses. Even for companies with solid management teams, cutting expenses are really hard as it requires a total makeover. But some times it makes sense to do so.

Technology and belief

Effects of our beliefs are now interfering with what’s called the tech revolution. This happens every time. Before going through the process well, the so called leaders arrive at a destination where everything they find is not good for the community. They even showcase the proof to uphold their claims. What is wrong here is that they over estimate the calculated adversity and under estimate the power of it. Community leaders when they study, they overlap the religious or community theories in the notion of those technology. New technology comes with the power to change the status quo. Changing the status quo means changing the beliefs, which is extreme violation against the law of tribe. So either they say tribe members should keep distance from it or it is wrong. Holding crypto currencies, in the eyes of some Indonesian Muslim tribes, is haram. This is a perfect example.

Investing require patience

Starting the investment journey as early as possible can make you wealthy. Investing any time is good, but during the process, we will go through a lot of learning processes which is inevitable. Warren Buffet once said that investing is the process of moving wealth from an impatient investor to a patient one. This is very much true especially we're dealing with money growth in the midst of  get rich quick segment. Without patience, wealth creation is almost impossible because we jump from one plus to another before reaching the destination.

Dips in investment

Market always makes some corrections during its journey. For a short term investor, it is the stage where he books profits. And many times they misplace their trade loosing money. But for an investor with long term view, it is just a other minor dip that is to be ignored. Dip are obvious and it happens to everything in progress. It is a universal law that states anything going forward must go through dips. Or we fan see dips as a form of test. For every improvement we make, we must test it whether we are really improves or not. Dips makes us go through it. In investing it is a mental test. Patience is a prime factor for a good investment. While in a dip, when we see other prices moving high making frequent all time highs, we tend to withdraw our price and veer it to other one. In this test we failed to sustain the promise. So dip is a very good thing which makes us to learn things faster and better.

Diversify

Diversifying your portfolio is the best way to sustain in the market. When one goes down, other tops. But make sure that everything you invested was invested based on your knowledge.

Focusing on few things

Every time it makes sense to get rid of the unwanted things, things that adds no value to our life. Instead of focusing on a large quality of things, it is good to focus on things that matters the most which adds value to our life.

Jote down

Jotting down the important things or even what comes to the mind is good for the exercise of brain. It uplifts the thinking and further pushes the consciousness to think.

Focus on one thing

Concentrating on one field gives us a tremendous edge than giving a shallow focus on various different things. The difference here is that we get a lot of information from one sector which enables us to master the field.

Descipline for success

 Discipline is sometimes underrated and sometimes overrated, but it is critical to know the importance of it. For a disciplined person, everything seems fine and can achieve anything. With experience and lessons, he will learn to take decisions according to his capability. He knows when to take action on what. An indisciplined person may take every work he sees when he sees some rewards. That is foolishness. He doesn’t know what he is capable of. When he takes everything in hand, he accomplishes nothing and feels deprived which affects the further action. Motivation ceases and a number of these processes result in a lack of confidence. Confidence drops gradually and it takes double the amount of time to rebuild it. When we feel low and dried, we seek social media for instant motivation. This is a quick fix for quick pleasure. In the long term, it is only for a disciplined person, can make the most out of life. He knows which actions to take and when to finish to build further confi

Bitcoin and DeFi

When the popularity of bitcoin increases, those who fear the most is the authoritarians. Government and great financial regulators are the prime ones. Bitcoin is a major concern for them. It is not because bitcoin is doing something harm to the world, it instead gives the power back to the common people. They can choose the value of money whether to deteriorate over time or to grow. It is a simple matter of choice. Earlier there institutions and government of thought of bitcoin as a fad popular among nerds and techs. But when it reached in big hands, they really started to get panic. Today’s market, the market capitalization of crypto is about 2.7 trillion. Where would have this money go if it is not invested in crypto? The possibilities are stocks and banks. Of course there are lot of other options, but majority of it goes to these two places. In either way banks get a fraction of involvement in money circulation. Or we can simply say we need banks for any kind of transfer. This is ex

Investing and holding

Investing is not just about buying at the dip and selling at the news. There are lot of things in between. One of the primary thing that investing requires is patience. The patience to wait for the returns we saw when we did the analysis. Many people buy stocks based on tips and what they hear in the news. These people become fragile at the investment journey. They move their portfolio multiple times to get the returns that their mind eluded. Without a proper research and study we don’t know how and when we gonna get the return we expected. Some people make their investment based on their study and understanding of the market. They spent weeks and months learning about the field and companies before investing. The advantage here is that they know exactly how the price behaves to a greater extent. They know when to expect the return they hope for. What it does is that it filters the confusion. If the price crawls as hell, they must have know it and they keep their patience on hold. Ho