Bitcoin Forum

If someone is good with money it means he or she knows a lot about money .
You can say that you are not interested about money and financial system...welll the covid 19 was good example tgat you need to know about money

Before the covid the richest people sold their assets why so ? You think it was inside info ? No it wasnt they just know about money

And crypto is money and when you dont know about money then you shouldnt be in crypto ...
Or you stay in crypto learn hard and its a miracle you learn more about money


Now days when we face the facts that  most of the money will go in. Crypto and stock commoties markets and real business ownership will need to have state licenses ....
The you realise that you must learn.
...those main things :

When the economic circle start amd when it finish
When to buy and whem to sell
How to know if its just FUD/ shake out the weak hands or actual financial liauitity crisis ?

How do you know how the sec and fed working together ?
How the money is created?

Sounds like a boring right ?
Sounds like a lot of small details what the cool dude like you shouldnt know ? Right ?

But this is fundamentals and if you dont know this then you are not going to be rich unlikely.

Covid 19 is good example main rule:
When markets are bullish make money like there is no tomorrow becouse you need that money when everything goes down.

First rule: if you can swich your location for better to optimize your taxes do so.

The saved. 40% on taxes of 1 mil is your wealth saver in future.


Live by 5 years  plan make your wealth plan in 5 years plan


Still sounds like boring right ?
How does that sounds whem everybody is suffering you drive your nice rolce royce drinking some nice jack daniels relaxing at the beach...isnt that cool ?sure you want good thimgs but before that you have to go over a lot boring things


Finally you must learn how the system works thats how the richest guys makes their money and if you think you dont need that ? Well the extra wealth dont hurt you anyways




World is scam and fraud so you better learn how the scammers and fraudsters will try to scam you legally and not so legally but its all scam so scam

Yes sure, it’s good to have a knowledge and understanding of how finance works. Even if you don’t want to go further into it, just by learning the basics will put you in a good position of knowing the right things to do in any kind of situation.

When the Coronavirus started I knew at first what to do, in terms of cryptocurrency I had to sell all my coins and some other assets I was holding. And when prices deeper, I let my friends know that we should buy because that was the right time, but they doubted it, because they have no understand on how it works, despite how hard I tried to explain, and at the end they are the ones regretting it.

The knowledge I had was how I was able to tell that what I am doing was right.

I do think we have to understand the fact that Knowledge is something that comes from Education. Education is something that does require a lot of investment during this time period and at the same time we have to understand the fact that the government is not at all lenient in granting :
student loans
It is not easy to secure one and at the end of the day even if you successfully get one it's hard to count on the upcoming semester.
Therefore this is something that the government should work for in many countries the education is free like in Germany but then again the finances are a whole different thing.
One can have PhD but at the same time could fail to even get monthly financial stability despite having enough money because most of the times it required consistent  reason , analysis, perspective a lot of experience and the ability to use that knowledge for the greater good.
You can have knowl but it will depend on the fact about how you decide to use this knowledge.
Well for me money is anything that holds a value not just Crypto. It's indeed more important as compared to fiat for me since it's more or so beneficial as a whole to hold it.

Maybe you are right from your point of view. But my point of view is little bit different from you i believe you won't get success if you give up. No matter how much talent, luck you have. I belive luck is 1%, talent 1% work for our success because our most wanted thing is called do not give up. It is the most needy things for everyone who dreams a successful life. Because success dosen't comes fast it comes slowly. That is why we can say it is not luck it takes time so we do not give up. We just stay with our plan and work on our plan. Just do this thing and see the result. Just don't give up.

Financial freedom will really be definitely depending on someones capacity and knowledge on dealing with things that will really be giving out
that opoprtunity for them to make profit which is greater into those people who doesnt even know on what its all about.Having knowledge would
always be an advantage for you and you would really be having the edge compared to others.Just make it sure that you do know on what to do.
We do all have the hopes on becoming financially free or doesnt really bother when it comes to finances but reaching out that state isnt
something that you can attain easily.

*Sell their asset* before the covid.
I don’t know how you relate it.
Btw thing is a little different today, during the covid, the fed basically buyout the entire market with taxpayer money, it force them to sell whatever they have during covid with printer goes brrr absolutely whopping speed, yup the rich begin to sell their shares of company to the fed after they realised covid is already deep into the core of no return.

They should have been selling by 2018, not by late 2020, sure you want to time the market maker, the only market maker today is the fed itself, they’re the absolutely net buyer of everything from toilet paper to virtual coins, you think you can time when the fed gonna start printing money in a manner that brrr at high mph, that’s not possible to time that market, the fed are too conscious enough to not get fall into that same tricks, they have everything to defeat your purpose trying to time them for the profit.

Yeah this money market is horrible, it reward only the financial people, it punish the true hardworking people, why would you still work hard for money, just beat it up already.

Its life aint not fair if you dont invest you will be paying later anyways so get in investment asap

As you may have already realised.
Profit is what’s matter, product alone won’t make profit, business plan nope, it’s the investor that make money, people are into the investing to make quick buck and fix their life for instant gratification, they invest and divest in the market at the speed of light, *cash flow* they named it, yeah cash flow is very high while everybody invest and divest at the high speed, 24h trade volume is the perfect *cash flow* indicator, a high cash flow investment, it must have high 24h volume, I’m mentioning 24h volume, not monthly average, not annually average, it’s as quick as just 24hours, this is very fast pace cash flow, TIME the market is absolutely critical, put all egg into one basket is absolutely critical, INVESTMENT that do not make money is quickly resulting in exit SCAM, investment must make money whether it’s 1% it’s 100% or it’s 1000%, it has to be green colour to be qualified an investment NOT exit scam, the secret key to INVESTMENT? It must be profitable, it’s all about profit, it’s all about investor that make money, timing is absolute, profit is absolute, investment on crypto with 24h cash flow traded volume is absolute, any investment that required to risk HODL over 24 hours is unacceptable, an investment that goes illiquid in the next 24 hours is as good as dead, an investment that having a 24 house traded volume on the decline is as good as poor cash flow and exit scam in the making. Yup not everybody would make it to be INVESTMENT social class, they’re always the elite who make money from investment, take the pills and sit down, and wondering whether etf, more fund management team, more QE will make investing in a level playing field, nope the effort has not made any significant changes.

Knowledge is power, and money is power, which means applied knowledge is money. Anyone that understands how the Crypto market works would be fine and making incredible amount of money, you don't need to start with huge money, if you can make profit on consistent basis and compound the profit then sky is your limit. I could remember when most of these big guys were dumping their stocks around April, they need to protect their investment which is one of the law of money, if you can't protect your money is never yours and this will happen to people in Crypto also, they will see their portfolio goes up but won't take profit and the account is going to dump to zero, I have seen $10k Crypto investment turns $20

This is something people do not realize, they see learning and accumulating knowledge as a waste of time because they do not understand how they can improve their lives with it, but having a superior knowledge about how the economy works will give you insight that many could mistake for inside knowledge.

Once the covid pandemic was confirmed we all knew a crash for most markets was coming and it did, but while many panicked the smart people saw in this an opportunity and bought bitcoin for a price so cheap that even now they have a 10x profit, if anybody invested a significant amount of money in that trade he could have solved any money problems for the rest of his life with that single movement, which demonstrates the importance of knowledge as a tool to enrich yourself.

Weeks before the US stock market crashed. There were reports of component and part shortages in global factory supply chains. Due to chinese factories closing as a result of a pandemic.

I remember watching the DOW average in amazement for weeks. Wondering why the US stock market wasn't crashing. Finally it crashed. To the surprise of many.

Independent media, which many hate and despise. May have been the only media covering the story about factory supply chains slowing as a result of a pandemic. I think it was ignored by most mainstream media. Which is why it caught many by surprise.

Accurately vetting sources of news and information can be valuable for traders and investors living in an information age.

Financial freedom is the product of your financial philosophy and your financial intelligence and is not limited to the use of cryptocurrencies, but a good understanding of the economy, especially how to convert the earned income into investment income, the speed of transferring that income will turn you into financial freedom faster.

Bitcoin is a simple example of how to convert earned income into investment and then reinvestment to ensure more financial liquidity.

Do the opposite from people doings

When the market goes down, it's the right time to buy and when the market goes up, it's the right time to hold or sell. I know this method wouldn't work at all time, but mostly it works based on my experience. Many people aren't learn and knowing about the market condition, most of them only buys when it's reached ATH on FOMOed.

"Money is not everything, but everything needs money" that's why we should know how to get and manage money, to earn maximum amount money. Just like get a job in real life and set aside of the wages to buy Bitcoin or any investment you interested/mastered.

In fact, investing my time to gain proper knowledge around bitcoin has been my best investment so far. Without that knowledge I would have never been able to work for bitcoin and earn them. I am very far from financial freedom, but I have set my plan and hopefully I can gain that soon. Of course, if any crypto friendly jurisdiction may arise and welcome bitcoiners that would be a place to consider.

These things were true around 100 years ago but now things have changed and hardwork is not enough and sometimes not even needed and is replaced by smart work instead. I have seen guys struggle with something for years while smart guys will switch very quickly.

You can work as hard as you want to try and teach a monkey how to swim but you won't succeed instead if you are smart you will realize that it ain't going to work and its about finding fish. Similarly you cannot teach a fish to climb trees no matter how hard you work towards it while a monkey doesn't need to be taught.

Hard work is overrated I would say and smart work is underrated. The richest people now are not who work 24 hours instead who work 2-4 hours but smartly.

What about people who don't have knowledge but they have financial freedom. I think luck also can give someone such. For the knowledge some people are educated with knowledge but they are still poor no matter how they struggle for wealth. About crypto investment , it is difficult for many to know when to sell their hodling or keep hodling. Sometimes you sell but price keeps rising and you feel bad. Another time you are lucky after selling, price drops and you are happy, you see the luck ? Being rich isn't only about knowledge is the way I see about this.

Knowledge alongside with wisdom is a vital tool we should possess to be able to succeed in life. Enough knowledge about a particular thing will be our advantage among other people in the same field we are planning to take. It's a must to equip ourselves with sufficient information, data, and strategies so that we can rise from the ground.

Financial freedom and success are what majority of us aspire to achieve. It is seldom hard for most people because of lack of knowledge and at the same time, skills. We must invest in ourselves because we are our very important asset. Despite having many equipment and strong built gadget, without proper knowledge on how to use it and how to utilize the resources that we have, it's all nothing. That's why it is a must to invest in books, seminars, trainings, and meetings regarding certain field we want to enter upon before going all out. Financial literacy is important in order to achieve financial freedom and success.

It's not a quick paced process. It will surely take time, effort, and money. Perseverance, determination, and confidence should be the top characteristics to achieve the success we have always wanted.

I agree that basic knowledge of economy, money and what's going on in the world is important and useful for life. However, I don't think that the focus should be on getting rich while others are poor. Getting rich is not what Bitcoin is about, and I really don't want to be rich, especially if everyone around me is suffering. But as for just living a normal decent life, it is desirable and knowing the basics about money is helpful with that. However, it also depends on the circumstances, so it's not like you'll automatically become wealthy if you study this stuff.

Thats why we need better education in the school in the world. Only smart people can create incredible things to push world forward

Knowledge is indeed power, not only that, knowledge is also a bridge to success and wealth when used strategically. As you can see, some people are already blessed with wealth ever since they are born but not all of them stay rich for long because of their lack of knowledge on how they should manage their finance. Some came from being poor to being rich just because of being smart and wise with their decisions. We should never underestimate those people who has lots of knowledge, some may appear nerdy but at the end, they're the most powerful person you'll ever meet.

I fully agree with you. Wealth can come through many forms, hard work, luck by winning the lottery or luck by having the right parents. So while you might not need knowledge to be rich at one point in your life, you definitely need knowledge to remain rich. Without the ability to learn new things quickly it will be very hard to make decisions that help keep your wealth long term.

This works because markets are manipulated and those in positions of power do their best to try to move the masses to do something so they can profit from them so doing the opposite or at least remaining neutral can be a huge difference, the problem is that this is difficult to do, when we saw the crash of March last year it was difficult to just hold your coins and even more so to buy when the price presented such a fast decline.

But now less that one year later the very same people that held and bought more coins are the biggest winners in the market as the price has increased many times over during that time.

Yes knowledge is everything, if you don’t have the knowledge there is no way you are going to be successful in what you’re doing. Is with sound knowledge that you will be able to figure out what’s going to work for you and then you do that and it will work.

Moreover, there are cases you will see a lot of people doing the same thing and only one of them is being successful, that’s because of knowledge, that one person knows what he or she is doing because they have the knowledge and have applied it the right way, so it works for them.

Knowledge is indeed everything, but knowledge without application is knowledge wasted. So you have to be able to showcase these knowledge you gained in one way or another. That being said, we also have to consider opportunities, which is the main reason why so many professionals don't get to be realized in their respective field. Either they are blocked by financial struggles, racial discrimination, or the likes. This, exactly. Opportunity plays a bigger role most of the time in how a person becomes successful, I can tell you how many classmates I have in the past who weren't that good and weren't street smart at all but were able to live lavish lives because they have affluent parents or families, which unfortunately some of us don't.

Anything can be at least possible when you are knowledgeable enough about any certain thing you wish to have engagement with because you are being capable to adjust and adapt based on what you think and know is right and you are being able to decide on the betterment of things because you are pretty much sure that you know what you are supposed to do. There are lots of things that have been taking advantage when you have knowledge. No one can fool you and you are less vulnerable to get caught into schemes that are just targeting you because they might be thinking you are easy to be fooled. Before doing anything, ensure that you know anything even the basic information because such knowledge will serve as your power and foundation.

This is the most accurate and simple thing in the world. Financial well-being and success both come from knowledge. Yet knowledge alone cannot cover the whole. Along with these two, more things are needed which are hard work and luck. You have to work hard with Proper Knowledge and in the end, your destiny has to be with you. Many times it is seen that knowledge, hard work is all right but if you don't give luck then success is a misfortune. Again, it is seen that a lot of success can be achieved with less effort, but in this case, luck is on your side.

A lot of people have still not learnt from what has happened during this covid19 pandemic, because they still care less and don’t want to do things that will help them in creating wealth for themselves.That’s why there is a quote that says that we shouldn’t work hard, but we should be working smart and not hard. Working hard and not doing it smart means that you’re just going to be stressing your life, which will in turn affect you.

But, when you do it in a smart way you’re going to be able to earn from it and develop a small business to a higher level. There is a way you can package the same product that is being sold for a penny and it will be sold for a huge amount of money, the way you do your things is the same way it will be valued.

Aside from knowledge, we also have to value experience and wisdom aside from knowledge. Yes knowledge is power but wisdom is guidance and a moral compass, experience is the application of that knowledge, it is not worth it that you know all the theories but you do not have the guts to test it. I do not agree with luck because I am really skeptic about it, dependence or even acknowledging luck is a bad thing for you as a person, everything that comes your way will only be considered as bad luck without doing anything to do with it to try and change the outcome. Destiny is debatable because if we are destined to do something then there is no justice to the people that suffered through wars and famine.

What you said is true; a lot of people suffer-- "lack knowledge" rather on how to use money wisely, that their lives are still in constant 'work hard' scheme of life. Once they learn about how should manage money, everything follows. If only a lot of people will truly apply what they have learned; not only just 'know' it, they won't be 'suffering' for the rest of their lives. Being a hard worker and a smart person is both essential to achieve it, and it will be surely worth all the efforts you have exerted.

I am not sure I fully follow everything you're saying here.  One of the main questions I have is what do you mean by the "5 year" deal? Certainly no one should only be planning for 5 years at a time..as building wealth is a lifetime goal (should be planning to live to at least 90-100 years old).  But as a financial advisor I do agree with your premise that it's very important to learn the basics first. 

Amazes me how few people actually put in the work and learn.  Homework is vital, here's what it looks like when you don't do any homework ( all the GameStop , AMC "traders" )

https://i.ibb.co/s2nKrbr/image0.jpg (https://ibb.co/kxj4F5F)

It is that simple and yet people do not see it but why? And I think this has to do with the fact there is a disconnection in the minds of some people about the nature of knowledge, most people see knowledge as the thing they acquire to pass a test and then forget everything they learned the day after, they do not see that the more knowledge you have the easier it is to accumulate even more knowledge and sooner or later that knowledge will bring you great advantages.

And this is even more true when it comes to managing your own money, letting your money sit in a bank while better than spending all your money and getting loans to spend money you do not even have is not optimal, you need to at least have enough knowledge to beat inflation otherwise you are wasting your time and money, and that skill can only be gotten by accumulating knowledge about the markets and that is a process that for the most part takes years.

I agree with you on all levels, knowledge is weapon and this world is indeed a big scam, be it the government or companies, but through knowledge, we can be safe from them and beat them at their own game. Rich people know how to manage their money, not falling for greed or temptation, not waste their money totally on things they want to show off on like many cars which is totally a bad investment. We should study about their lives and the knowledge they give us along with a motivation to follow their footsteps if we want to be like them!

The problem is that most people do not know anything about money management skills, I don't really have a problem with rich people buying luxury cars, after all they can afford them, but people buy all kind of luxuries that they do not really need, and while there is nothing wrong with falling into temptation once in a while if you do this consistently then you are going to be consistently out of money.

One perfect example of this are smart phones, I know people that change their smart phones every time a new model comes out and I find this to be perplexing, they just get rid of smart phones that are in complete perfect condition just because they want the newer model and then they complain to me about the fact that they have no money, it doesn't make sense to me but if they want to live their life that way then that is up to them.

The fact that Knowledge comes from Education might be true about the past, but now it's a completely different story. Nowadays most universities are focused on theoretical studying rather than practical application, and that is a very big problem. You finish your classes with tons of information inside your head and no idea about what to do with it. Many professors that educate also know everything just in theory, but in practice, in real life - everything is different. I know all this for a fact, because I was a very hard-working student, graduated top of the class, participated in conferences, etc.
And all of it literally gave me nothing.

Many of my groupmates that were far worse than me are now actually in a better financial state, because while I focused on books and learning, and articles - they focused on earning actual money. And I realized, that searching info on websites, consulting with real specialists, attending webinars, etc turns out to be WAY MORE EFFECTIVE, than all those years of studying.

Damn, I learned much more from this forum, than from all my economics/finance classes at the university! And all of this is FREE, the only thing you need - is effort and the ability to filter information, find reliable sources. You basically need college as a formal requirement now, to get your degree, real knowledge you acquire elsewhere.  

It's been said a million times knowledge is power in every area and all aspects of investment what can you the edge and financial security it always start on what you know and what you know will carry you to the best journey of your life in financial, there are some people who got lucky in winning a lottery or they have inherited a huge amount but if they do not have the proper knowledge on how to use that wealth it's not going to last.

Why do many rich people make money easier than poor people. Because the rich have knowledge and know how to make money work for them,
otherwise the poor prefer them to work for money. From simple thinking like this will have a different impact for the future. I worked in an office
for about ten years but I couldn't afford a house and a car, but when I focused on investing and trading in cryptocurrency. It only took two years
for me to be able to buy a house and a car. From my experience, if we want to be rich people must have the knowledge of how to make the money
system work for us.

Because rich people came from rich family and those that were novuea riche were lucky that they found a niche in the market that will make them sell big time, excluding the fact that they come from a family that can afford to lose because of a risk is not a good thing to say when you want to glorify the rich people and to invalidate the efforts of the poor people. Poor people work for money because the moment they stop and it is time's up for them. Sure your testimony will hold up but you sound like you invalidate the hard work that other people that didn't become like you.

You make an interesting point, in my experience what happens is that the academia has lost its touch with the real world, you can learn a lot from it but as you say most of it is theoretical in nature and it is a completely different thing to actually try to put that knowledge into practical use, this is why so many young adults have a problem finding a job when they finish college, the fact they have no experience should not be a problem if what you learned in college was what businesses wanted but since that is not the case then those businesses do not want to waste the time training a person that could not be there anymore during the next months.

This is why I always recommended to anyone that was willing to listen that once you got to the final stages of your college education you begin to look for a job related to your major, that way as soon as your education ends you will have some experience already and finding a better job will be many times easier, so while knowledge is power that is only true if  you have a way to put that knowledge to practical use.

It might be true for some cases that lack of knowledge might be a barrier for them in their way to earning big but most of the times its situational problems like if you belong to a middle class family who never had the money to support you, then, despite having the best ideas and highest intelligence you will struggle making money.

Knowledge along with some luck and decent preparation might be the right combination for success and eventually freedom. Knowledge alone can help you think and address problems, but luck is needed for the plans you make to succeed and preparation helps you develop backup plans and making the plans even more robust.

Bitcoin was a combination of all three if you closely observe.

Luck: No one would have known about Bitcoins if Satoshi's wasn't lucky enough to generate enough interest initially.
Knowledge: Someone who created the blockchain idea in 2009, I am not capable enough of talking about his knowledge and skills. His work speaks for him.
Preparation: Things like confirmations on transactions, mining were a result of smart preparations.

Robert Kiyosaki wrote in his books that we get what we learn. 

If we want to have a lot of money, we need to study finance.  Our wealth is our focus on financial management.  Every day you need to move in this direction.  Money is not a material object, therefore the laws of movement of money are not physical laws ...

Nevertheless, this is a very important thing for us.  Man is a social animal.  We all live in a society.  Money directly affects the quality of our life. 

I read books on financial management, taxation, economic analysis every day.

Everyone has the opportunity to become rich, whether they have been born into a rich family. Or even people who come from the middle economic
class. Maybe those born to rich families find it easier to have financial freedom, because they already have inheritance and networking. But still
without having the knowledge to manage money, people from rich families can become poor. Therefore, knowledge is very important even for rich
people. Moreover, people are not born from rich families, must be more diligent in studying in order to have knowledge related to how money works.

Except you fail to consider those who live under the poverty sector, with no means to invest even if they did have the adequate knowledge since of course, they're going to focus more on their daily needs instead of trading,or setting up a business. They're going to eat tomorrow or today, not in the next 7 years.

Yes, of course, financial freedom is what almost everyone wants. Yes, indeed, to get this freedom and the result, you need to have information. To obtain information, you need to spend a lot of time studying the news. All this is absolutely necessary for us in our time. However, perhaps this is a trap for each of us? You are probably right when you wrote at the end that the world is a scam. I myself have recently begun to notice that they are simply deceiving us. However, in order to survive in this world, we need to be able to adapt, which means we need information, knowledge to survive this time.

Anyone in a good position will invest in other financial assets, if you are not having the time either you hire someone to look after your portfolio and they will update you about the market situation and you give the green signal according to their research whether it is switching the stocks or mutual funds or anything financial related about the assets you are holding.

To be successful in life all you need is common sense and you need to follow those right from your education and then getting a job and then building your career and everything follows.

Sad reality and this is one of the problems on why poverty cant really be resolved and as a global scale type of problem then this turns out to be a typical one with due to some inevitable situations

its just normal for them to prioritize on things that would really be able for them to sustain or able to survive on daily basis.Even if they do able to know it but still they do end up on missing out opportunities
due to financial problem.

You do have the knowledge but your capacity or capability will pull you down then its really the sad fact.

Not all of us can do this, many just want to have a promotion in their job or looking for a better job, here in our country, people just dream to  work abroad for a greener pasture, setting up a business is still the best option because you will have control of your finances and your action, than having other people control your future and your plan.

Knowledge in any case is a prerequisite for success, another question is that you are required to have a different level of effort and knowledge, depending on what stage you start your ascent on the life ladder ;) Knowledge is always necessary, but not everyone can have great talents to use the newly acquired knowledge with great success. And it is not for nothing that it is said that a lot of knowledge can mean a lot of sadness.

I think you wanted to say lawyers and I agree that most of the smart and knowledgeable people will be mostly hired by big companies under decent departments. But some who never cared for a job are there too like one example can be Satoshi himself because he might have easily got a high profile job and might even be the CEO of a big company given how much knowledge he had as he made complex blockchain look simple and gave the world this concept for the first time.

But he chose to actually work for the community and made something which not only gave him financial freedom but almost anyone who worked or was in the community that time, would have their lives changed. Once you work for something where you aren't thinking about money, the results surpass any expectations.

Knowledge is essential as it helps you to differential between the right and wrong type of investment. Just like consider in crypto, if you done your research and picked the right coins you end up making money, and in same case invested in any unknown coins you might just end up losing money though overall market might rising. So knowledge do play vital role and if have some backing of luck it becomes the best thing to happen.

This can be solved only if the government in these depressing countries and states can change laws in such a manner that entrepreneurs are appreciated and given some kind of incentive to start their own business instead of everyone looking to just grab a job in a good company and never think of doing something of their own interest.

Knowledge alone cannot do much and it also has to do with how much risk taking ability one has, I heard some stories where guys left their job and took big risks and they paid off. Its not that they had to take those risks, but they did, so it also depends on what faith one has in his abilities.

That is the really discuss for knowledge is just what it is, it can't take you beyond that but wisdom and luck shape you. Knowledge is an idea and you need some things to add up to that knowledge to have success. Even your personal knowledge needs to be supported with others. You are not an island or nobody is an island to succeed.

Importantly luck too, many knowledgeable persons also failed because they did right things at the wrong time so they got rekt and got back to their 9 to 5 job or even completely ended their life after that.Financial freedom comes from the knowledge but that knowledge comes from lot of failures which is the missed part when someone read about success of the existing millionaires. Elon Musk can be the perfect example because he was struggling a lot when the had the vision of Electric cars but after the years of hard work it now paid off.

- Luck and knowledge should be the perfect couple to create financial freedom and success, without a part of both, our path to growth will be limited, separating ourselves from the end goal, an obvious fact that we can often see, people who have intelligence in school but just because of bad luck, they are cut off their careers. Besides these factors, we should also have persistence with the path we have chosen, no one succeeds immediately or succeeds in the first start-up, it all takes time and accumulation

I´m a fan of Robert Kiyosaki, he is a great financial analyst, in fact all his advice is great, in his way of expressing himself he offers a lot of wisdom, he is not like those investors who only recommend insurance, stocks, the stock market, he believes in Bitcoin, not Warren Buffet, and every investor must be updated so as not to be left behind, they must have their thinking and their mind so open to changes, that the economy will at some point become fully digital. I think that financial freedom is easier to achieve with Blockchain technology and cryptocurrencies than in the traditional economy.

knowledge is part of success, unless is just pure luck. However there is a lot related to being the right person, at the right time and in the right place. It is not a coincidence that Bill Gates, William Hewlett and David Packard and many other were at the right university (even if Bill was a drop-out (https://www.businessinsider.com/billionaire-college-dropouts-bill-gates-mark-zuckerberg-2019-8?r=US&IR=T#:~:text=Bill%20Gates%20left%20Harvard%20after%20two%20years%20to%20found%20Microsoft.&text=In%202010%2C%20The%20Harvard%20Crimson,%24102%20billion%2C%20according%20to%20Forbes.)) at the moment in which the right technologies were colluding into an immense opportunity.

Re tax optimisation, that works if you have no ties to a particular place.

I just don't like you word "miracle". No, it's not miracle, it's hard work.

And something is actually missing on your title, you need to put hardwork dude. Yes, let's say you have the knowledge about everything, money or crypto or anything, but you don't have that one little passion to work hard for your goal, then you are just a big brainy little boy wasting your time reading books for nothing.

Success and financial freedom can only be attain through hard work. You don't actually need a lot of knowledge to become successul. You don't need to have a degree, PhD or anything to become successful. You know what you need? you only need to work hard for your goal. Thats it!
It may be here in crypto, stock market or any thing that will give you wealth. You just need to work hard for it.

I used to believe that it would be something that would be impossible for me to do, numbers and charts and arrows and ups and downs it was all Chinese to me and I couldn't get it, I didn't think that I would ever have that kind of power. Now, I am in a situation where I can easily say that my profits are at a level where if I continue like this I will be able to retire in 10 years and will live a comfortable life after that. What did I do?

Well, it is actually simple but people rush things, first I found something I want to invest into, it had to be something profitable at a good level but not at a treasury bond level small income neither, I found that coin (well multiple coins) and I kept investing into them, just as I got my salary I put some in there, and I did this for years and now with the bull coming in the past 6 months I have made good income, did I sell? No, I keep buying because I want to buy for years before I sell them all and retire, if I am not retiring then I am not selling.

I blame the schools a lot for these. They don't even teach the proper basics of banking and economy, and it's kind of weird that they teach about history and geography which will never one use in their lives like which king died when etc. They should include most basics of life in the curriculums so that when a student graduates, they don't stay a noob in the real world outside of the confinement of school buildings!

For sure, knowledge is the most important factor. However, i still believe in luck in the stock market. Sometimes, it could create you really big profits

Countries and people cannot depend upon speculative things like stock market to earn money. I know there is a lot of potential in the stock market investment but the governments should focus on the education.

Its only the education which can make people aware and help them grow Financially.

There's always no room for quitter in an investment because we need to understand that it is full of risks.

We can't eliminate risks, but we can lessen it and prevent it depending on how are we going to deal with it for the sake of success.

I don't think that talent is only 1% when you don't have any talent, then you're nothing even if you are a hard working person. Being a talented person can really help you achieve the things that you want and it will help you not rely on luck. A hardworking person without talent will just become an average person just like the others so try to stand out and make yourself a successful investor.

I see the point of this thread but I think it is a little bit exaggerated.
Knowledge is essential and if you want to achieve something, you need to learn a lot and master different skills. Surely, you should know how to manage the budget and how to make it. Especially during the times of uncertainty and volatility you need to make the right decisions quite fast in order to make everything on time. However, from my perspective, the author of the thread exaggerates with some basic economic principles. Surely, the basics of how the money is created is fundamentals, but it doesn't really mean that we all should learn the long history of money. The same thing about sec and fed. I mean it may be important for someone who works on the Wall Street, but it doesn't mean that everyone should possess such knowledge.
I believe, the main thing that investor/trader should know is that before investing you should know what you invest in and what are the pecularities of this or that financial instrument.

It is true that to actually achieve success in anything and not just financially, you need knowledge. This is true if anything, whatsoever. To be a doctor, you need the knowledge and not just knowledge but the right knowledge.
If anyone would achieve financial freedom and success then such person definitely needs financial knowledge. The knowledge will enable such person understand how money works and how, by putting money to work, make more money.

That's true and for me personally knowledge is very important,
without us having knowledge i don't think we can be successful,
because after all a success of course begins with first knowledge and the more we have extensive knowledge the greater our chances of achieving success

Financial feedom comes from knowing what money is how to spend and how to invest. Now lets analyse
1. Knowing Money means doing legitimate business or giving legitimate service inorder to be paid and where the knowledge comes in is that you know that you dont have to beg just like some people do to earn a living and so therefore it is mandatory to work and earn.
2.How To Spend, Now understand that how to spend and how to invest goes to but the only difference is what you do to retain back means of earning more which is asset of which can only be gotten through good investment .

Financial freedom is when people are out of debt and mostly the key to be free is when we know and identify our needs and wants. Buy only our most basic needs with reference to our budget and not getting what we want that lead us to lend money from someone.

Financial success is certainly everyone's dream, but it must be based on sufficient knowledge to achieve it and to be able to achieve financial success is the ability to save and invest from an early age.
It's not something strange if the digital world is a part of our lives that must be put to good use because financial capabilities supported by digitalization advances will have an impact on one's success, don't give up easily and keep trying to adapt. technological advancements to create financial security and peace for today in the future and this industry is the right choice.

But don't just invest, choose the right business or instrument so that it can provide the benefits you expect. You can invest by buying land or houses that can be resold at a higher price than the purchase price. Investing in a boarding house or rented house is also a very promising investment. In addition, investment can also be done by buying shares or mutual funds. Another option is to invest your money in a startup company that has good growth.

The conclusion that can be drawn is that if you have achieved financial freedom, then your financial condition is very good. You don't dwell in debt and your income is far greater than the cost of living. Financial freedom also provides a guarantee for a bright future as long as you can manage your finances well and invest in the right place.

to get financial freedom, of course, can not be obtained suddenly, except for people who are lucky or come from families who are already rich. but to pioneer financial freedom yourself, I think it takes a process and goes through many problems until we finally understand the advantages and disadvantages of the business we run

No strategy works better than understanding the market, know when to buy and sell when it comes to crypto investment, if you fail to take advantage of the high price and rather hodl for whatever weird reason it will cost you the opportunity to multiply your stash, sell at the right time and buy back when necessary is the way I see anyone growing their investment, I have learnt this past few weeks.

That's how rich become richer by legally avoiding taxes i.e. in my country your money will not be taxed only if it was donated. Rich people really hated tax and they study how to get rid of that by reading the constitutions which poor people lacks of. Aside from that, lacks of knowledge with these kind of forum makes it harder for newbies of crypto understand crypto is and with that they're avoiding it.

learning how the economy works, when to enter and exit an investment is important...

I salute how the richest people make money, abilities like them are not available in a short time, it takes years of hard work and analysis to be able to do things like them. we have to force ourselves to be able to learn like them.

Not having debts could be called as financial stability but I would say financial freedom is when you don't have to think about earning money and planning your next day. You know you will have enough even if you are going to do nothing, either through investments or other kinds of setups.

In simple words, one doesn't have to think about his bills and has enough time to invest in things they want to do in life. Elon Musk for instance is a good example of someone having financial freedom. He can sit back and relax without having to worry about money but because he follows his passion, the guy is still working hard. That to me, is financial freedom where one is doing something without the sole intention of earning money.

Don't forget that a bit of hard work, connections and drive to perfection is going to be needed for a success too. I mean there's really no one size fits all formula for success in anything, you can make money without connections, or without hard work or determination.

Yes, you are right, to be successful we need knowledge like a profitable BTC investment, why do I invest in it because I know that the BTC platform is a strong and long-term foundation, in the future will be words for me. and those who don't know and have no knowledge they can't succeed nor BTC they always consider it a scam

Financial freedom and success comes from applied knowledge. Personally I believe that self-education trumps formal education. Jim Rohn once said, “formal education will make you a living; self-education will make you a fortune.” I'm pretty sure that the Bitcoin whales we have in the world 🌍 today didn't acquire their knowledge of cryptocurrency through formal education but were self-taught. And one of the best ways to make a lot of money 💰and be financially free and successful is to understudy those who are already financially successful.

There's always going to be a bull and a bear market, there's always going to be  FUD, there's always going to be shitcoins, there's always going to be pump and dump seasons, there's always going to be a bearwhale and what-have -you. It is in these times that your knowledge will truly be tested and if applied accurately can result in huge financial gains. Ofcourse the reverse is the case.

Although what you are saying might be true, it's completely pointless in the current discussion because as a trader you would never have financial freedom because a trader is similar to a daily wager worker who needs to work to feed his family.

That's why I strongly feel schools must have something in the course that teaches kids about economics and what are the advantages of managing your financial status. What are the problems that come with loans and when one should take a loan.

Everyone is chasing money right not but the one who gathers the most knowledge is the one who has evolved the most, according to me.

Sure what you have said is right. Just like when I don’t know much about money, I will just be making savings by using my country’s currency that keeps losing depreciating and losing value over time. But when I started to gain knowledge about money and learn about cryptocurrency and other things, that’s when I realized that I need to have my money invested in other currencies that are stronger, and in good assets that will grow over time and use them as a hedge.

So now I don’t just hold my local currency as savings, I try to convert to other currencies and invest in lands, and cryptocurrency, and so many other things that can help build my wealth. At first it will be difficult for you to start, but when you finally start, you’re going to be the one to benefit from it.

I think that sounds like little bit pessimistic. I believe that the world is still a good environment to live although some economic system is not good. I don't think that the world is scam and fraud, but I believe that there are some group that force us to live in a system they made. That is one of reasons why I choose cryptocurrency as investment.  Being smart and have many knowledge will ease us to get financial freedom but it's not a guarantee, a good manner will prevent someone to do bad thing that may drag him or her into poverty.

Today people definitely live better and more comfortably compared with how people lived centuries ago! But I also think that the world is far from Iceland's standards! Simply they are centuries in the future, it will be hard for some countries to get there! So while Iceland is changing to 4 working days a week after a successful experiment (experiment lasted a few years), in my country working week is all week! There was some discussion for Sunday to be a free day for all, but our president said because he is working 25h every day and 8 days every week, we must follow him!

Knowledge is just one factor, to get to some freedom (including financial one) and some success, you need to have more than just pure knowledge!

Financial success is the key to life. who is successful in the financial sector I think he or she is a successful hole in life. now come to the point of knowledge. every success depends on good knowledge. without knowledge, anybody can not succeed in life.so I agree only very good knowledge can give us financial freedom.

It's not just that because if that's the only key then rich people won't commit suicide because they've fulfilled the key to life. I disagree with this because there's no satisfaction when it's just a selfish pursuit to finances. There are people out there that don't have a lot of money but is much happier than those that have money, those are the people that have found the key to life.

- Knowledge does not represent the full spectrum of financial freedom as quite a few people prefer to tie themselves to a centralized system, freedom may be a simple thing for them, but they do not accept it for many reasons, from subjective to objective, so financial freedom and success sometimes need the human element to come and decide, some people don't accept and exploit the freedoms, they think it's a risk and that squeezes them harder about safety and bondage

I see that the origin of financial freedom does come from knowledge. If you give an example that many people who have knowledge but do not have financial freedom, it means that the knowledge referred to here can be specialized again.  In general, science cannot simply give you financial freedom, but it is your skill in managing your knowledge that gives you the path to financial freedom.

People use to say knowledge is power and information is the key to open the door of success if focus and ambition preceed it. Anybody that is not informed in this life can not be formed to suit different speres of live. As a trader, if one is not embedded with the right information, a lot of things might go wrong and life can be miserable for living which is a sign total misfortune.

 Most successful traders of nowadays are people oof high interlect with numerous experience about the market behavior making them a guru when it's come to analyzing the market without much charts or backtesting of the market movement.

Continuous urge to learn more about the Bitcoin environ can make a person to be an expert in the field of Bitcoin and the knowledge that had been gained as a result of hard work and research about the entire Bitcoin platform can contribute to one's success.

A great success really comes from knowledge and Knowledge comes from education and experiences.  Knowledge can sharpen your problem solving skills,  will make you effective and can make you wise in making decision. To be successful and have financial freedom, you will encounter lot of problems, failure and  disappointments but you can gain useful knowledge in it and if you enhance that new knowledge it will make you more wiser that leads to a great success.

but is there someone that is not interested with money ? whether small or big amounts , we need money in our daily life .
crisis like we felt recently made people realize the importance of money or on handling it because some only care to have a money but they are lacking of knowledge on how to handle it properly . this is why some of us are still poor but when it comes to financial freedom decentralized currencies can help us attain it .

Financial freedom is not just invested through knowledge but with time and effort too. You can never attained the state of financial freedom without hardwork and perseverance aside from your knowledge that you equipped yourself.

And with the appearance of covid 19, it encourarges us to become more knowledgeable on managing our finances so we will be able to sustain all our basic needs despite of the fact that this covid 19 is a big barrier to earn more money rather than spending it. Luckily, crypto was here to help us to get through with this pandemic.

knowledge is a person's best shield to keep himself away from the fraud that occurs in this world. I have never seen someone stupid become successful, only those who have knowledge will be successful. now we can get knowledge easily from the internet and the best way to be successful is to have extensive knowledge.

I agree with the author that knowledge and well-being are tied. But it is the desire and aspiration to learn and take all new things that ultimately leads to financial well-being.

The school teaches how the sciences, objects and situations in the world are called, the university teaches how to filter the flow of information from the world and take what you really need. The person aspiration to endlessly educate from the world and APPLY it for the benefit of himself and the world, including the financial stability, is what really should be counted.

Information is around you and all for FREE, the only thing you need - is effort and the ability to filter information, find reliable sources. While knowledge is power that is only true if you have a way to put that knowledge to practical use for the benefit of your own and the world.

Thats why huge market players like Binance and Coinmarketcap spreading educational materials in their Academies - they know what smart people really appreciate

This is the strong point. sometimes failure is considered to be the end of everything. but that is just the beginning of the changes that will make a person successful. but having a strong determination to keep trying from failure is a difficult thing. and there must be a strong motivation. people only want to succeed in one go without any failure and that is very difficult. It's better to fail early than to fail when already successfull.

Knowledge is a must to survive, some feel all who have educated are highly knowledgeable. This is a wrong assumption. Knowledge can be acquired through different means. Knowledge acquired through experience seems to be the best. Because, everyone have good as well as bad experience. Through this one can easily stay safe for the second time.

Most people do not have the minds to learn things they rather not learn or care. I personally went to a year long coding school, it was just about teaching people C# and some other minor stuff, and at the end of the day I ended up getting a certificate from there that said I can code in C#, and at that moment I was actually at a very very very beginner level, not even like someone could hire me, I was that bad but at least I knew some stuff, nowadays I have zero idea what that was all about and can't do anything about it.

All of this comes down to one thing; it doesn't matter how much information is out there, if you do not want to learn, you will not learn it. I have learned Latin all by myself, still suck at it but I at least learned a bit of it all from studying from online courses, but I went to a year long c# course and couldn't learn a thing. This is exactly why people can learn what they want to learn, but if they dislike the topic you can throw every book at them and they will not learn a thing.

Financial freedom will depend on how much you prepared in life.
Obviously, you need the knowledge and skills to do a job, art, sport etc.
If we talk about cryptocurrencies, you must know how to invest and take into account all the risks.
Constancy is a virtue, you cannot lose your prospects, properly managing your finances will allow you and your family a good future.
With the knowledge that you will be contributing to the economy of your country. It is a situation that we all want and we do everything possible so that our generation does it even better.

Knowledge alone won't be helping you because there's times that adaptability, patience and wisdom and many other things that I can't think of just yet is critical to becoming successful too. I mean knowledge is just one part of the things that makes up for success because there's times when it's useful, I mean you do have knowledge but don't have the patience to wait for the price to mature so you end up pulling everything out really early which resulted in loss or a small profit.

Financial freedom and success from knowledge to success it is not possible to achieve success without hard work. Everyone has their own qualifications and abilities your knowledge experience ability to solve tasks etc are reflected through qualifications concentrate on qualifying for this, which will help you increase your income later. Assess the demand think about what kind of experience or educational qualifications you have and what kind of money you will get if you put them into practice this will make it easier to take action next time.

In my opinion, in order to be financially free and successful in life, the first thing to have is knowledge, in this modern society the most important thing is that when we are young we should choose a working environment.  It's a good place where you can learn from experience and develop your full potential.  When you have accumulated enough knowledge and life experience, the road to success will come to you

Everything in this world requires knowledge to be able to maximize its existence. The human brain may have the same weight, but creativity, skill, knowledge, skill, self-confidence and other unique traits are created differently by God.
The most valuable investment is the neck up investment, you have to upgrade all the parts above the neck, and the most important thing is the brain.
Cultivating a fighter's mentality and mindset, it will be better for your future

The essential is the ability to learn. But the widespread of information is not so optimistic as i said, once the choice is too wide many feel themselves lost and dont know what to take.

Now we are surrounded with the ecosystems, in nature, in business, in society. Such an integrated approach to what is happening allows you to fix the maximum of logical chains and assume new logical chains, which means new situations with new solutions.

Take finance. Look how the concept of money is expanding and increasing, how many elements are in the financial ecosystem of the planet. The simple exchange, purchase and accumulation of money and wealth have evolved over time into a vast financial world.The thing is that everything changes and you also need to constantly change, applying your knowledge X experience X intuition to match the flow of the world and time. Cryptocurrencies are a new challenge for the lazy and an opportunity for them to become even poorer in the next generation.

Also, cryptocurrencies and blockchain are a new tool for moving resources that smart people need to be able to use in order to become richer and smarter.

I think perspective project should mass adopt crypto and blockchain as well. It means that new projects must attracts and educates crypto newcomers, not only work with the current crypto users but attach more people with more resources.

If the world is suffering, I wouldn't drive a Rolce Royce drinking juice or JD or relax at the beach. Instead I would use the money earned to help out people who are in need of it.

But yeah, what you said about the fundamentals of money is true. Everyone should learn the fundamentals because that is what will help us during such times.
We should know how money works so that we can make that money work for us. But this requires time and effort which we need to put in right now.
Those who stay lazy will stay poor throughout while the rest get rich.

most of that person's success is indeed from knowledge but from my view someone's success apart from knowledge is luck and the pre-existing wealth factor, especially during the current pandemic the rich are getting richer by doing business with the goods needed during the pandemic, and the poor can only buy with price played by naughty businessmen (people who are rich and clever take advantage of the situation because they have knowledge and money)

Yes you’re right, I wouldn’t do the same either, but people are not the same. There are people who would do that lol, there are people who don’t care whether others are suffering or not, but I wouldn’t really blame. When you try to talk to such people that what they are doing is wrong, the question you will get is whether you helped them make the money or whether you contributed to their success.

So that’s just it, and it’s true, you didn’t help them make the money, they worked hard for it and some are lucky about it and didn’t have to work for it because they came from a rich family. But whatever the case may be, the truth is that the money is theirs and they can spend it whatever way they want.

Indeed. I will also do that because helping people is what I really want if I have enough money, but as what you've said, people have differences, they are not the same. Maybe we need knowledge to succeed and to have financial freedom but I tell you, if you only have knowledge without doing something or working hard on it, you will never have it. Use your knowledge with an action, work hard on it because knowledge is not enough when your not doing something to succeed.

It is possible to achieve economic freedom and success through knowledge. If you have enough knowledge and skills in any job, you will soon become proficient in it and you will be able to achieve the success which will help you to achieve financial independence. Earning knowledge would continuously be a benefit for you and you would truly be having the edge contrasted with others. Simply ensure that you do realize what to do. We do all have the expectations of turning out to be monetarily free or doesn't actually trouble with regards to accounts yet contacting that state isn't something that you can achieve without any problem.

Yeah I agree that people do have their own differences in life. Everyone has priorities but what's the use of the money if we cant put it to good use.
Entertainment is great and everybody deserves it but I just don't feel it right when I see someone else is suffering in front of me while I enjoy the luxurious ride.


That's very true. Action speaks louder than words. While having the right knowledge is a must, executing the work only happens if we are capable of acting on it.
We have to get to work to make things happen otherwise we are as good as nothing.

I have always thought that money is earned by thinking, and using the brain, in fact there are people who have a high financial education like Robert Kiyosaki, which is a great financial advisor, when a person prepares through a career, already Whether you are an economist or a businessperson, your mind opens to new horizons, you see business everywhere, but not only through a university degree, if a person decides to read books on financial education, if he prepares himself with regard to fundamental analysis and Technically, in the speculative market of BTC, Stock Market or any market you will do very well.

In my case I have learned a lot, because I have read about the theory of Wyckoff, Jesse Livermore, Burton, Warren Buffet, Robert Kiyosaki, among others, and when you read books by these authors the market is seen from another perspective, because you have an idea of how to identify in which phase the markets are, and it is much easier to make decisions, this is easily transformed into money.

People are different when it comes to their targets or goals in life.Some would just be satisfied on what they are having currently but there are people who do really like to progress their life
and achieve their goals even though its hard but as long you do have plans and do the hard work and make effort then you would really be having the chance for it to happen at least you do
try out compared to those who have done nothing.Its a matter of choice neither you do get contented on becoming poor or would like at least on having a good life in terms of finances
and needs.

Unfortunately everyone can't be smart all together, some people will struggle with things that won't matter to other people, we are humans and we aren't programmed to function or think the same way, OP makes it sound like things can be done without mistakes, I'd walk away if things become too perfect cos something is surely wrong, without mistakes one can't grow no matter how smart you are

Knowledge is very important. If you do not have a strong brain and a wealth of knowledge, you will not have a high income in the crypto market.
When you have knowledge and economic acumen, then you can make ten thousand with one thousand,
If you do not study, you may lose from ten thousand funds to one thousand.
We must continue to learn and learn about market trends.
Learning can make you rich.

It is true, I agree with you
If you don't know when to buy and when to sell, then you may not make a lot of money, and it is very likely that you will lose some money.
We also need to know some opportunities, seizing opportunities will create miracles.
When you have no knowledge, you cannot get more wealth.

Making money is hard, managing money is even harder!
To make things easy set your budget with the 50/30/20 rule.
The 50-30-20 principle is a quick and easy way to manage your money: What you have to do is to figure out first of all what percentage exactly your expenses fall into.

Basically, the 50-30-20 rule can be summarized as follows:

- 50% of your paycheck should always be reserved for necessary and essential expenses. For example: rent/mortgage expenses definitely fall under 50%;
- 30% of the money you get should be used to achieve various savings goals (alongside buying BTC);
- 20% your paycheck should be reserved for what you enjoy the most. Specifically we are talking about hobbies and various interests (because after all, we have a life).

Time and money management are the most important skills human beings need to learn ASAP.

This may be a probability problem. It can only be said that learning knowledge is not necessarily successful, and most successful people have learned knowledge.

And with the popularization of education, it is getting harder and harder for people with low academic qualifications, who don’t know how to progress and learn to succeed, and especially in the blockchain industry, they need to learn every day, and there are things to learn every day.

blessed are those who come from rich people, of course more facilitated to develop their wealth, but on one condition they must have good knowledge. but for those who don't have business capital, then don't worry, because capital of intelligence and knowledge is much more important to get success, and the positive thing is that we will go through a lot of experience to develop a business

Freedom of Financial Control: The Benchmark of Happiness?

 Having a lot of money with the power to control it or create a list to spend it freely is everyone's dream of course.

 This seems to be a measure of happiness for most people to give rise to new perceptions of happiness.

 Indeed, happiness in the world, especially in this day and age, has shifted from its true meaning.

 In fact, it is not true that happiness is measured by the amount of money that can be owned or the ability to manage everything related to finances.

 Although, when you have the freedom to manage your finances, you will be able to do many things that will certainly bring happiness both big and small.

 Financial freedom itself aims to give you the freedom to manage and decide all options in various matters relating to your finances.

 There are many things that can be done when you have a lot of money that you are free to adjust according to your level of need.

Financial freedom comes from knowledge, determination, hard/smart work and persistence.  lazy, stupid, timid and pessimistic it is impossible to be financially free.  This is the reason why we are forced to go to school and study when we are young, so that when we grow up we don't become stupid. 

School is not a guarantee for someone to become a knowledgeable person when someone reaches adulthood. Creativity, mental strength, mindset, attitude, network of friends, circle and others are the biggest factors that will affect your success.
School is not a sign you've ever thought, but school is just a proof you've learned. Schools are only a small part of the business world. The next step you have to complete by yourself.
This is not to say that school is not important. Always remember, that the most valuable investment is the brain investment. Fill your brain with economic knowledge and also make your mood comfortable with economics.

Knowledge is always the best thing, it helps you make money in any field, including in society or in the crypto world.  So we come here to learn, experience greater and greater knowledge.  You have one more springboard for survival, money, freedom and wealth.  Rich without knowledge?  no, it's not your own bravery.  No one is born rich or they are the luckiest people in the world by birth.

Knowledge is good. This is a kind of foundation. But the question is - will the bearer of knowledge have the strength and desires to start building something on this foundation? Knowledge like money is just a tool. Like an ax or a hammer. But if this tool is not used for its intended purpose and to achieve a result, they will be useless. Take the same hammer. You can smash cobblestones on the pavement for their whole life - it seems like the work (hitting) peculiar to the tool is being performed, but the benefits from the process are exactly 0, if not even a minus ... Or take money and just spend it, take a bath of champagne, or feed stray animals foie -gra .. There is a process too, money is used for its intended purpose (purchases are made), but the result is essentially 0.
But if you decide to build a house, take a hammer, buy materials and other tools for money, study construction, brick laying, construction of a water supply system - you will get the RESULT!

It is one of the most valuable things in the world that we should value more because knowledge is the superior that we should value more. We need knowledge to sustain ourselves and make money in this world, and we can use knowledge to be successful and achieve our goals. If you are not fortunate enough to be born with wealth, it is a long process to achieve financial freedom; therefore, gaining knowledge is the most practical thing that most of us are doing to have a path to our goal.

there is always a way if we want to try. and we still have the opportunity to invest even though we do not own or do not issue capital directly. that's what I did, by joining the bounty campaign and airdrop. little by little i collect and hold eth, this is my favorite coin. now also many job offers offering salary in crypto. the point is we have to be flexible and be able to maximize our ability to be able to earn money from here, everyone has a different path to success, so let's try to find that path to success

I agree with you. I believe that timing is key. Most people missed out on the opportunity to buy when the market was down last year and we recently had that same opportunity again weeks ago when the market dipped and I know some investors might miss that too because of bad timing. This is mostly due to a lack of knowledge about the market, If most investors studied the market pattern very well, you would see similar moves and would be able to take advantage of them.

Currently there are many investment options so that with money we can make money again, it doesn't need to be smart to be rich and successful today, the most important thing is to be willing to take risks and of course have a good analysis of investments, especially crypto.

Having good analytical skills is one form of intelligence that you have. Dare to take risks without intelligence Just like suicide. simply like a person who dares to work in the middle of a building surrounded by oil without understanding that oil will burn when hit by fire and does not have three sides to the risk of fire is one of the ridiculous actions as well as when you invest without knowledge it is the same as giving your money to the market  wild ones.

I am feeling very lucky that I bought during those periods as well. I didn't do it because I "knew" it would go up, obviously we all know that I am not a wizard who can see the future, but I just buy whenever price goes up, for the future basically but not in a week of course. I believed that in a few months price would be over 40k even 50k and that would profit me, maybe even a year later, but I just knew that it would go up "one day" not this quickly obviously.

So, I got lucky when I bought, but it is also quite smart to buy whenever price goes down, you should buy, because we all know even if it doesn't go up tomorrow, it will go up in a week, a month, a year or whenever and that is how you make money. People who bought at 20k or bought at 3k in 2017-2018 all made money, that is what we should be taking as examples, everyone makes money as long as they buy bitcoin, some do it quicker, some do it a bit later.

School is one of the most beautiful moments of any person's life !!!! It was there that they taught us, took care of us, showed us that someone needed us, instilled love and respect for others and a lot of good and good things in each other.

Work in countries where the power is usurped by a dictator, such as Russia, Uzbekistan, Tajikistan, Belarus(around 200$ per month) - in all these countries, the average salary and pension are the same absolutely !!! Isn't it strange ? Yes, it is strange, but this is exactly the case because the government only gives us the means so that we do not starve to death, work as slaves and produce the next generation of slaves no more and no less.

In Russia, the capital of the 25 richest people exceeds the capital of the rest of the country's population !!! Is that fair ? Of course not, but dictatorships do not think about justice.


Life.... Our whole life sometimes undergoes changes and we move from one place to another. So, friends, life in the place where we are moving can be obviously much worse than the place where you live now, do not forget about it.

Life in the place that we liked begins or ends with the fact that we buy our own housing there !!! It may happen that housing in the city or region to which you have moved is acquired only by receiving an inheritance from deceased relatives(becoue of price is VERY VERY HIGH) and if you do not have such relatives in this place, we will never be able to purchase housing and fully cling to life in this place !!! You can rent a house until you die, in this case, our funeral will begin with the street bench on which we were found !!!

I am pessimistic-absolutely !!! This is because I am realistic !!!

and I love and respect all GOOD AND KINDLY people's because YOU SO BEAUTIFUL in my understanding !!!!! and it doesn't matter to me what you do, whether you sell drugs, do hacking and steal millions of euro(Yes, friends, I know such a person, I know what I'm talking about), or unload cars with cargo.




regard

Financial freedom and success comes from knowledge

This statement was right in some aspect. You can achieve financial freedom and succes when you have already invested yourself and your time to gain knowledge from experienced people, thru reading articles and books and other sources. I always hear the phrases "Work smarter not harder". So it only means, it was a really great help to be succesful if you are smarter because not all people who work hard become succesful.

If you are knowledgeable in every aspect, in crypto market in economy, investments or in life you can achieve financial freedom. You can think wisely or you can know the right timing when to trade or to invest, You can protect your money and can make it grow. And also you will not be easily be scared on the fluctuations, sudden fall or anything.

Money stolen or obtained fraudulently either by selling bad/harmful drug, unauthorized hacking into people's stuff is definitely not owned by the one who obtained it. The real owner is  the one who the money was taken from.
I  think a good education system would teach people this truth so people will understand that solving useful problems(not causing problems or not solving atall ) is a honest way to earn a living and that does benefit society.

So the ones who make money dishonestly are kind of debtors who have to pay back or apologize to be free.

You have said so many right things. I also think that big knowledge can give you much more money than big capital from the beginning.
I am trying to pay attention not only to the crypto market, where I earn money, but also to economics in general. As everything is connected. Crisis somewhere affects all economies as well. So it is very important to understand the “theory of money”, even if you don’t work with finances.

That's right. Knowledge is the key to success. Even developed countries such as Singapore make knowledge, science, and technology the key to future success. Developed countries both Europe and America even provide large funds for education and technological developments in Singapore. Knowledge is indeed very important to support the success of both the community and the country.

Success and Financial freedom is indeed knowledge, and no ones gonna disagree about that. But some trials in life are putting some people on a situation where they are having a hard time finding their way to success, or finding their way to have knowledge about becoming successful. It's quite easy to say things like "if you want to become successful, then learn, study, have knowledge" but in the real world, where people are tied on a unexpected life challenges, it's hard to execute such things. Those people with resources can execute it easily but those who do not have, they still can tho, but it will take them long years maybe, or if they are too unfortunate, they won't make it there. Only those who has the courage to continue despite of all the things that happened, no matter how many failures, can make it to financial freedom and success. So maybe it is not knowledge alone, it takes courage also.

It's like you saying the richest people are the most dumb lol 🤣 covid was new something we haven't seen in years and it thus cause a bigger panic around the world, I don't blame anyone for selling their assets at the time because if the whole thing wasn't contained you and I might not be alive to see this day

Knowledge not only refers to entering university, not only to campus study, but also includes skills, perspectives, and ways of thinking.
Even if you don't have a degree, but through continuous learning skills, seeing the world, and self-summarizing, you can master the ability to support your family and live your life, so that you can integrate yourself into the world of innovation.
In fact, financial freedom does not lie in how much savings you have now, but in how much stable passive income you have.
As long as your current passive income is stable and equal to or greater than your income from work, and you can provide you with a good food and clothing after the mortgage, it is financial freedom in my opinion.

The road to wealth requires knowledge. What knowledge actually brings us is to know that we make some decisions, make some choices, or bring us some good results.
There was a saying that learning is a lifetime thing, and what knowledge brings is always beneficial to oneself. Many people regret not reading more books, but this is no longer going back. Fragmented information does not constitute knowledge, and they use time to study consistently for a long time.

Yes, although reading books is always an open opportunity, clearly knowledge opens doors and is the most direct path to success, but you have to know how to use that knowledge, and to be successful you have to know how to look for opportunities, I have seen many people who do not have much knowledge of things, but are experts looking for opportunities and having a lot of expertise for business, and that is something that should not be lacking, because if they know how to look for opportunities, knowledge is the golden key to open those doors.

There are people who only do 1 trade, and they know only that, but they look for unique opportunities and even form their own businesses, and when they start they see more businesses, that is, everything is in knowing how to work to have a successful business model.

Every bet that the best business is to satisfy a basic need and look for the solution, when you have knowledge, the solution arrives faster, that translates into knowing how to use our information to achieve success. Basically this is what Robert Kiyosaki proclaims in his books, you do not have to be a total expert, or have a doctorate, just take advantage of business opportunities, I think that is where the answers are.

It all starts with knowledge, knowledge can be obtained from education or from hands-on experience with something you want to know. This is why it affects the value or fate of one's wealth. I'm sure there are a lot of rich people out there who are actually smart, good at managing finances, good at science. If there is a seminar that he says he is stupid but can get rich it is not possible. Because rich people are really good at everything.

Everyone acts as if the whole world is filled with people who are smart and rich. Yes there are smart rich people but there are also tons of idiot morons who are rich because their father was rich, and there are tons of smart people who are not rich neither.

So, I have to say that it is definitely not true that wisdom brings money, for many that is not right. I mean Trump took a whole wealth that his father left him and build an empire of bankruptcy and people STILL think he is a good business person, believed him for the past decade or so. Which is why I have to say that you do not have to smart to be rich, there are a billion examples of this going around in the world.

In my opinion this is not entirely true, although you have a lot of knowledge and understanding, it depends on luck, everything goes well, you can do anything. no matter you do business or play stocks..ect.. you need to have these two factors then I think success will really come to you, in fact to be successful we cannot lack either one of them.

Smart people still have the advantage from those idiots but this doesn't mean that once you're a smart individual, you will definitely become financially free. It takes time to become one. You need to be more knowledgeable and skilled in managing your finances so you will be able to earn more profits rather than spending it on those non profit material stocks.

But i do believe that knowledge is power. You won't be able to improve yourself and become financially free if you don't know about money and how it will work and become profitable. So once you have gained knowledge that turn out to be skills, then  eventually it ill lead you to success.

Knowledge is needed to be able to make us better, without knowledge it is difficult for anyone to become a successful person and have finances, knowledge is needed by anyone who wants his life to be better, if we don't have time to go to school, it is now very easy to find knowledge, resources internet and youtube videos are the best references.

Indeed, if we talk about education, its role is very important.
because that's where we learn everything and I think someone's thinking is also different when he does education with someone who doesn't,
what is clear is that everything requires a process and for education itself the results can certainly be seen in the long term

Of course, knowledge is an important thing in any business with which a person's activity is connected, but there are some quite scientific studies when a monkey showed better results in trading than people or that the best players on the stock exchange usually lose to the consolidated stock index over a long distance ;) Therefore, not everything is so clear and too much knowledge in the subject can play against the trader himself, it is not for nothing that it is said that a lot of knowledge is a lot of sadness. Also, do not forget that these so-called rich idiots-morons may well recruit a team of smart and knowledgeable people who will make the result, so wealth in this case is equivalent to knowledge  ;D

we really have to build an educational foundation from now on, which will be useful later in the learning process. everyone will have different results even though they are in the same education bench. but at least education will change their lives for the better than today, until finally we can sit on the bench of financial freedom

Education is the most important capital to improve welfare, without education it will be difficult for us to survive, especially at this time global competition and labor are very tight so we must improve education and skills in order to compete.

agree.
knowledge is basic to hold your power, bring your step easier, make your body light when surfing in the world.
getting scam is the one of the other reason from lack of knowledge, and many  obstacle you face.

There is a lot of important knowledge and disciplines you can learn from studying the concept of finance and economy. The best thing about this is that you can easily apply these learnings in multiple real-life scenarios that is not specifically tied to monetary and financial purpose only. Most of all, learning such important skill allows you to not be one-upped by people who are eager to make a quick buck out of your gullibility and lack of proper knowledge such as hackers, scammers, and the likes. I would say that being rich would need a lot of luck and some skill. This can be said for some of the world's richest people out there. Most of them pitched their ideas at a very pivotal time where they do not have to break the bank so much creating such wonderful ideas, while also creating brilliant ideas and projects which I do not need to elaborate, would require some skill, if not a lot of it. So yes, circumstance will play a part in your success but it shouldn't be a limiting factor for you, unless you're impoverished and you couldn't even afford to save some of your money for the sake of creating a business model.

Having enough knowledge will also protect you from being a scam and different forms of fraud. We all know that scammers are everywhere and we could get rid of them by being knowledgeable in the field of earning that we have chosen. Knowledge accompanied by skills and hard work could lead us to the successful path that we're yearning for.

Financial freedom is what we aim for this life we are right now because it will give us worry free from financial burden and with that it comes with great knowledge on how to achieved that especially in this industry we are into. With great knowledge the more advantages we can gain with in the crypto market that's why DYOR will always be the first thing to do on the checklists. By doing this, we are free from frauds on crypto and we can invest and earn profit from any crypto investments we engaged with.

Financial freedom is everyone's dream, when I invest then I hope to get big profit. I have tried various investments such as stocks and futures exchange, but all of them just give promises without proof, now i know crypto and this is a good opportunity to improve my money up to 100x in a year and I immediately get financial freedom.

Never to think that way as it will lead you to lose more, better to learn all the fundamentals to enjoy your stay from this market. Those who work harder are the one who really compensate and changes their lives.

Not a quick and easy passage way to richness but a platform that gives you opportunities to earn decent money.

Take time and work appropriately to ensure that success will await you in the long run. Always think ahead and
set your goals the right way.

I have attended seminars on investment and financial freedom several times, trying to do what the mentor said but the results are not suitable, now I have a lot of time to be online on the internet so that it gives time to learn about many things, especially crypto, I plan to have a crypto exchange site because Earnings from top crypto exchanges like Binance, Coinbase, etc can reach millions of dollars per month and this is my dream.

Indeed, when we attend seminars, in my personal opinion, it does not guarantee that we can be successful as said at the seminar,
and it happens in your case too that you have done what was said but the result is arguably different,
What you have to realize is that apart from being profitable, the risks are also great, so we need to be careful

This is exactly why many people are in the crypto world, because they know that they could make a decent return on their investment for once without getting someone else rich. There are stocks and forex and gold and many other things but in crypto you are properly actually making money and that is the great thing.

I understand that it may not be a huge deal for now, it is decent and everyone at least heard about it but it is not as big as gold whereas I believe in 10-20 years it will be even bigger than gold for sure. At that time we all will be rich, and it is the best investment you could make right now, even at this price, because it is going to get really expensive. Until that day comes, all we have to do is buy as much as we can afford without ruining our finances (do not buy more than you can afford) and then just hold on to them so that we could profit.

I can't deny that you are right, I have a real proof for what u have said. My friend has bought 10 BTC in the beginning 2011 just for have fun reason, and then several years he forgot that he has BTC. In the beginning 2020, the movement price of BTC has been a new trend in the world, he realized that he ever bought 10 BTC. Now you understand what the story next. He is become billioner.

- You will never get a result with such seminars when the instructor is sometimes not someone who is financially free and is making a profitable investment, a profitable and free person won't fall for a seminar, may have money but compare the returns of a financially free person, not worth caring about. The basic purpose is that they are just enlightening and leading about buying a new course and continuing to teach you, freedom is promoting an independent space, with some traces of old people's experiences to enlighten your path, learning is just a little, feeling and forming the way will be all

Freedom is the inner growth of your brain. To be free in this world, you need enough sanity as well as money to control what you want. Many people cannot create material things and are not independent of their thoughts, so they are easily drawn into useless things, being taken advantage of.
I appreciate developing my brain to become freer. Investing in your brain, your skills will make your life more vibrant, independent and truly free.

  It's good to have a financial freedom and surpassed through the all tough decisions in regards money. Because having a knowledge in financial you may able how to spend wisely and you know how to secure you funds. Doing this it will leads you to a better success of life because you have a save, and investment so it's better to orient all person on how to be a successful financial freedom.

The true foundation if a rich person starts from the myriad of knowledge he has. Something that is sometimes ignored by some people. Because sometimes they just live flowing, maybe this is what causes poverty that cannot be overcome. If they have the knowledge that he will pursue I think he will be successful in his field.

I agree that knowledge is crucial to handle money effectively; there are multiple aspects to financial management.
There are many resources and information on how to be financially free, but not all are executable in every person's situation. Also, everyone has their own time; we have to explore more and find what suits us. It's not bad to try and venture into new things.

100% sure mate. Knowledge is one of the key and important factor that lead to every success in life, once someone has knowledge, he or she will be able to use all his or her resources well and think of what to do to yield more profit. Also financial freedom is good and that's why crypto is here to give us full financial freedom by given us completely control of our assets, as fiat is really going to be replaced by crypto in exchange of goods and services soon.

I do understand your point about having a good foundation on how the system works will open you to more opportunities to make money. Financial literacy is really important which is something that couldn't be learned in school. By having such knowledge, you'll be able to create a multiple income stream for yourself and you will be able to enjoy your life to fullest if you have that kind of mentality.

Any source of wealth comes from knowledge or body, hard work is the best way to get money. But for most people, learning to make money with money is a very difficult thing, and many people go bankrupt because of investment failure. It is really important to learn investment skills and methodology, which is why I like this forum.

Knowledge is the key to wealth, and you must have knowledge related to it to do everything. Knowledge can help judge whether what is done is correct, and it can also improve the ability and efficiency of solving problem. Having a wealth of knowledge reserves and sufficient experience will have a greater chance of success and more benefits.

Well I am right in your statements, with knowledge you can go very far and especially when it comes to cryptocurrencies, however I do not believe that Crypto replaces FIAT money, it is very difficult, I think there should not be a competition between BTC and Fiat money, because BTC needs FIAT money so that they can measure its value, however the success of everything always lies in making the best use of BTC and cryptocurrencies, on many occasions Fiat money is in trouble, with inflation, over Everything in third world countries, where inflation is very rampant, as is the case in Venezuela, Argentina is also having inflation problems and for now the UK also has problems because its inflation reached more than 3%, so each of the options It has its pros and cons, it is difficult to make comparisons between the two, because both BTC and Fiat Money represent that, money.

I think it also has to do on how you would apply the knowledge. I mean, if someone has the wisdom and knowledge but they lack the necessary execution, it would be a total waste of such knowledge and information.

As someone who grew up in an environment where you struggle for daily necessities, the only investment that you can grind is education and knowledge. Indeed, knowledge is power especially if you know how to use such knowledge.

In our modern world where payments have been shifting towards a digitalized spectrum, knowing about the fundamentals of cryptocurrencies would put a person on the edge on the financial world. Knowing how and what to invest would put you above others. Like what most have mentioned, it is essential that you will always be the first!

Yes knowledge prepares us for the opportunity ahead of us. If you don't have the knowledge to grow your IQ and develop yourself, the future can be difficult. Knowledge is not distributed the same way and that makes human achievement is different.  Now some are still in old system but some are building knowledge of blockchain and investment, you see in few years time these cryptocurrency will grow and those that have turned this blockchain investment down will express shock and regret.  I believe this knowledge factor would be the reason some parents where rich and other parents swimming in poverty. The rich parents took advantages like investing in gold, estate and properties but the poor never had those knowledge. There is the book, rich dad poor dad , it is important to read and understand how knowledge can be a good factor for achievement.

To do anything to succeed, you must have knowledge related to it. Achieving financial success and freedom is based on having a sufficient knowledge base, knowing how to invest and operate funds in order to obtain more profits. The right knowledge can also make it easier for us to obtain financial freedom.

Education does not determine success but education determines one's decisions.  I believe that one's success comes from one's accuracy in making decisions.  many people are smart but live poor it's all because they don't want to open their minds and make wrong decisions..

Financial freedom is a combination of good knowledge, confidence and one's intelligence in managing his/her decisions..

And it's not just all about knowledge.

It's how you apply the knowledge that you've learned and obtained. Because if it will remain as knowledge and there's no application.

You can't get to the financial freedom that you've been wanting.

I agree that what we only need is the basic or the principle and everything will goes along with it then your experience will make this principle grow so you become successful on handling your financial matters.
Unlike you, I have nothing to sell when the pandemic strikes last year here in the country. But knowing that the economy went down, I decided to invest in the stock market and some in crypto. After a year when I get along with my friends who are also knowledgeable enough in handling their financial matters very well, our topic went to investment and they also did the same thing. I know I have a lot experience more.

And of course it would really be needing sufficient time and extreme effort if you are really serious on achieving something or getting your goal.All things doesn't really happen overnight which simply
means that you would really need to work hard from it specially we are talking about financial freedom.

Skills,knowledge,hardwork,perseverance,patience,consistency and dedication would be the main key for you to succeed in life.It doesn't really matter on what are the things you are involved into
neither crypto or not as long you do have those kind of goals then its likely you would succeed.

Nothing is guaranteed though but you do really have some high chance.

Maybe you are right in your opinion. But my point of view is slightly different from yours, I believe that you will not achieve success if you give up. No matter how talented you are, how lucky you are. I believe luck is 50%, talent contributes 50% to our success because what we most desire is called not giving up. True financial freedom will certainly depend on someone's ability and knowledge of how to deal with such real things. And Knowledge is power, and money is power, which means knowledge. Apps are money. Anyone who understands how crypto market works will be fine and earn huge amount and become rich all income will depend on market and daily trading income source.

There are many studies that show this is in fact correct, there is a direct correlation between the level of education you receive and the money you earn, which is why education should be a priority for governments as there are limits to what it can be achieved by trying to redistribute the wealth that exists, it is better to give good education to all the people regardless of their economic level as in that way they will be able to get and create more jobs, and not only this benefits themselves but the country as well.

Here we really have to have a lot of knowledge in terms of finance and insight that can really direct our steps to continue to do better in earning income.
Besides that, experience is necessary, with a lot of experience.. it can encourage us to learn many things from what has already been experienced, and sometimes the experiences of others can be lessons to add insight.
In financial freedom, this should not be too free to do some things, here we really have to be able to avoid excessive risk and even certain fraud, based on knowledge.
We live should not be monotonous, many interesting things and promises that promise profit from time to time if we are willing to learn many things, and consistency in steps.