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I'm sure there is a standard answer to this, but given that we all live in a different country and are experiencing different environment and economic state I'd say we all have different American dreams.
As for me, and probably most of the people in my country, it is being able to land a stable job which will then allow me to have a great house, a car, savings, luxury stuff, and help my extended family. It is being able to trave the world and not worry about how I'm gonna have to pay for all the expenses I have.
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The first reason why you can never be rich is too much responsibilities, carrying family problems on your head which we all know family problems are always around the corners and can't be totally eliminated. The best help to offer family is to put yourself in a better financial position, don't struggle to help family, struggle to put yourself in a better financial position then take away your from dependency. How do you take them away from dependency? If you have a company or business you are running or a connection, you can connect your family members to your friends let them work for them so that they can earn their own money or you have a business you are running, they can work for you to earn their own money. As long as their is still dependency they will continue to depend on you and demand from you.
The second reason why you can never become rich is not knowing how to use money. There are several ways money can be use : spending, savings, and investing. Many of us already know about spending and even when we spend we spend on things that are not really needed but just to impress people who don't care about you.
Buying liabilities, things that doesn't have value five years from now. Many save but even when money is saved, it is done to spend and not to invest and the only way to become rich is to invest and not by savings. So , invest in assets and not liabilities.
Investing isn't a magic bullet that makes you rich. And it all depends what kind of life is worth living to you. Because avoiding your liabilities, just because you want to be rich isn't going to sit well with your relationships. If you want to blame your family that you are not rich, then you can do it by all means, but don't be surprised and blame your kids if they won't talk to you when you are old. Investing time to my family has been way more healthy for me then investing to cryptos back in time. I mean sure, more than enough money was cool, but i was still investing time to my friends and girldfriends. Just because i am broke now, that has nothing to do with by responsibilities, but all to do with bad decisions i made with my investments. I am man enough not blaming anyone else for that. And i know i can rise from this as have done few times now. All it takes is correct timing, passion and patience. I fully agree with you. Yes, investing is one way to make someone rich but it is not an overnight thing where you'll be rich once you decided to invest your money. It takes more than that. There are people who decided to not start a family, and keep their relatives away but still find themselves broke. While there are those who are invested in their own family but are doing so well financially. |
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Looking at the current situation it is certainly not easy to make a business, competition in online sales makes us have to be smart, and if we focus on business then long term planning is important, if we don't have many plans and only think one plan then chances are we will fail.
I would just like to add both long-term and short-term planning should be taken into consideration. These short-term goals will serve as the key player to achieving your long-term goals. For example, after 1 year, you would like to double your net income compared to the prior year. What are the activities that we can do to support this? Set monthly goals such as developing an advertising strategy to widen your market and study online platform promotions. Also, I can still recall what I had learned in my business course when I was still studying, which also applies even to your personal goals. The SMART Move Acronym. (Specific, Measurable, Attainable, Relevant, and Time-based) Listing down these factors will also help you in outlining your business goals. I agree that SMART Move Acronym is a good way to outline goals. It also keeps you grounded as to what can be realistically achieved and what isn't. Having an outline allows us to know what to prioritize and what can be done optionally. Moreover, it also gives us a window to create backup plans as we can foreshadow what problems and issues may possibly occur in our business. |
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I tried to build some business and it do make money for me but it is still unprofitable. I was close down the business after 3 months, I realize my shortcomings was the location, the location is little bit too far from my target customers also it is in a big road which very crowded and very difficult to reach. Now I realize that it's not only about the traffic but it's more about the easy access. I will try to be better if I have another chance. I think you should close it now and try other business.
Good realization on that one. If a business is only getting worse at time passes by and you know for yourself that there is something that needs to be done to improve it, you have an option to either solve that problem and see where it takes you or close the business and start over. It is different for each of us and the businesses we handle. |
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I couldn't agree more. Same goes for my country. Despite being rich of these resources we often export them to be used by other countries for their product and then will be imported back here and be sold with a high rate. Once you asked why it is expensive they will tell you that it is because of the rare products used to make it, then you'll realized the said products is locally found and there are a lot of them. Typical import and export system.
this is where the role of human resources must be corrected, currently the government in my country has started to prohibit exports in the form of raw materials to other countries, but at least it is processed in my country that way besides increasing selling prices, it will also absorb labor and we can learn to process it ourselves, so that finally when the contract is over we can fully control natural wealth and process it ourselves to sell it in the form of finished goods. that way there will be many benefits for the country including the welfare of the people I couldn't agree more. This kind of system that you stated is a good way to keep most of the resources in the country but also create opportunities to produce goods with fair rates locally. Moreover, it also opens ways and opportunities for work which essentially helps the economy of the country. It is a good way to preserve and give much value to local mineral resources. |
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The people in these stories followed their passion and created wealth through it. What is your opinion on following one's passion in relation to wealth? Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?
Nice success story, but I believe it takes time to reach that success and time to arrive at that success requires patience, without patience they will not achieve that. Many succeed when they follow their passion, but I'm pretty sure there are also many who fail because it turns out that their passion is not something that many people need, so the products or services they sell don't sell well and because they need money to make a living, there is a great opportunity for them to finally leave their passion and choose to work for an income. Not everything is the same for everyone. There are those who found success in their passion and there are those who do not. However, that should not be a deal breaker for people to set aside their passion for something. Sometimes it takes a bit of failure or trial before we find a new thing we'll learn to love and be passionate about that will ultimately lead us to success. |
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Poor people are great at making the rich even richer. That’s the purpose of their existence. They work in low paying jobs and they buy the shit they don’t need because they know they will never get rich saving money so they spend every penny they get. In most cases they don’t even have enough money left to spend after paying the rent and bills…
The worst thing about this situation is that despite the fact that poverty does not actually contribute at all to the growth of the economy, quite the contrary, the people in power prefer to keep it this way, for the same reason that You indicate, they get richer, and they may camouflage their true intentions trying to solve and support these individuals who live in stressful and uncomfortable circumstances, but it is not in their interest as such that they improve at all. The truth is sad, everyone should have the same opportunities, or even be able to have access to a good job that allows them to have a peaceful life. When the economy of a country increases, it theoretically becomes stable, and this happens when jobs are sufficient, if the whole society works, it allows the economy to flow and be maintained, and in addition to this, poverty decreases to such a degree that it is considered almost zero. I would call this achieving social balance, but to achieve that there must be less corruption and more contribution from the rulers. Unfortunately, this is true. The ones who work hard in the field, in factories, in dangerous places are mostly from the poor while the ones getting the most or earning the most from them are the rich. The rich will only get richer while the poor will word harder and harder but will only get what is given to them, which in most cases not even enough to pay their bills. |
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Is it possible that playing slot game in demo mode has some kind of connection to playing it on live mode, like is your playing data on live mode transferred to demo mode and vice versa if at any point in time for some reason, you switch in-between those modes ?
I was surprised that someone really thinks that the demo mode's data or something along those lines does have a direct connection with the live mode. That's why it was called "demo" in the first place. To show only the best experience on that said slots. The reason for placing the demo there is to show the slot interface while at the same time, the possible winning that can take place on that slot. Technically, the big winnings we are seeing in the demo mode can be achieved in live mode but "only" if you are really lucky enough to hit that insane multiplier. Just for reference, the chance of hitting those insane multipliers can actually be considered not happening in reality lol. If that's the case then I think it's kind of misleading the users of the platform, though we have no way to check whether the rates of the demo mode have been raised or not. Sure, they can pin some provably fair scripts in there to make it look believable, though they can alter that and make the outcome favorable to the user. There's just a lot of things that the platform could tweak on the back end that we won't notice nor dare to check, and we'd instantly jump into the conclusion that that win could have been real if we bet real money on it. |
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Tommy Fury is on the money here for sure. KSI is a decent fighter, I'll give him that, but Tommy Fury managed to beat Jake Paul - an okay-ish fighter that proved to go against some of the (washed up) fighters that have made a name for themselves on their previous sports. I would love to see the lines for this, and see whether the bookies will favor Tommy Fury. If the odds between them are almost even, I'd pour my money out to Tommy Fury. Though if this is one of those fights that already has a winner decided even before the actual fight takes place, KSI will surely win. You'll never know in these kinds of events.
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It is not new for this kind of betting pattern to happen. There are tons of stories in recent times about a group of people chipping in to bet on lotteries in huge volumes. The goal is to not always hit the jackpot, but to at least get some numbers that will still net a reward and get a ton of it on the draw date and exchange it for cash. You can do this alone if you have the means to be on the lottery at record speed, and have funds to bet on. You can also convince some of your friends to bet with you and pool your money to win the lottery. Though chances are, if you are not betting in the figures of millions of dollars worth of tickets, you will not profit off of it and would most likely be wasting your time and your money on this doomed plan.
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everyone often talks about how to win at gambling, but very few talk about a healthy mindset, even though it is one of the important factors not to go bankrupt when gambling. with a healthy mindset it will definitely keep someone from bankruptcy and can make them successful in gambling or various things in their life. with a healthy mindset, a person can manage their finances better and they can use that to build a business or investment that can bring them more money.
that's why a healthy mindset is very necessary for gamblers so that they can still gamble, but not fixated on it, they can still manage their finances and make it to increase their wealth and they can also control their emotions and not gamble excessively which can ruined their financial condition.
It's way easier to talk about it and discuss these things though it isn't something that can be developed in a matter of a few months. It's a hard thing to accomplish given how humans are susceptible to changing their mind about something that doesn't fulfill their desires or what their mind wants to have. Especially in gambling - most of us would think that since we already won a big amount, we can easily replicate it and just take the stacks whenever we can while in reality, it's something that only occurs to us once in a blue moon. Or if ever someone won something consecutively, it'll only last for a few instances before their lack runs out. |
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Tama naman talagang hindi dapat kung saan saan at kung kanikanino lang binibigay ang email address lalo na kung sa mga importanteng accounts into gamit. Madaming ways ang mga scammers at hackers ngayon para makuha ang password at mabuksan ang email accounts naten at mula dun madami na silang pwedeng gawin, gaya ng pag hack ang ating mga importanteng social media accounts at pati na rin online bank accounts.
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I attended seminar before talking about bitcoin or cryptocurrency, it's just online and they are promoting cryptocurrency to the students, it was really helpful and knowledgeable and they've done this for free.
I think those kind of events you are talking about are mostly for promoting their altcoins, it also happens online and there are so many people doing it for their altcoin, it would not be so useful as they just only promoting altcoins.
Seminars are good ways to gain new insights and perspectives about Bitcoin and the system as a whole. Sometimes we think we already know everything then by attending a seminar we discover that there are alternative ways and information that can be useful for us in trading and bitcoin use. However, for events such as you mentioned I think there's nothing wrong attending them but yes they are not so beneficial. Good job on attending a seminar before diving into Bitcoin though, it is a lot better than blindly getting into something. |
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A friend of mine in our discussion today about Bitcoin was insisting that salaries and wages be paid in Bitcoin in some countries.
I was of the opinion that the government will not allow fiat to be replaced by Bitcoin .so what is your take on this will it be a positive move on the Bitcoin ecosystem or not
I don't. i think that everyone or maybe every country is not ready to do this at this time or in the next few years. Because Bitcoin is volatile , Bitcoin is not or has not been accepted by all parties, and knowledge about Bitcoin is still minimal in society. Maybe there are some people who have received their salary in Bitcoin but not everyone can and understands how to use Bitcoin. This is true. Lack of knowledge and background about Bitcoin is already a deal breaker for a lot of people and thus it is pretty impossible for it to happen today and in the next few years. People will be too skeptical about it, they will not trust something that they have little to no idea about especially when it comes to their money. |
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We really need to move to have resources for our needs, if in business you have to put in the capital that is needed, there will be income. Let's act rewarding for work or business. Everything really starts from the bottom until reaching the pinnacle of success. If we stumble, it's better to stand up and try again the challenges of life whether it's business or work.
Usually a person who likes to fight and doesn't like to complain will not be whiny easily when he stumbles over something while running a business, because he will prefer to stay strong as long as he knows how and still has a path for him to take on his own. Most successful businessmen are businessmen who are not whiny and complaining, even though a small portion is based on inheritance from their parents or continuing their long-running business. But I wouldn't call him a business fighter because people who continue the business from their parents are people who have never felt the bitterness of struggling from the bottom alone. That is one of the most vital characteristics that a successful businessman should have. They do not complain during times when it feels like everything is going down for them, instead, they find solutions and face their problems head-on. Understandably most businessmen like these are those who built the business from the bottom as they are the ones to experience the hardship of building something from nothing. However, it should be noted that some businessmen who inherited their business from their parents can still have the same characteristics as some parents require their children to start from the bottom before placing them in a higher position. Although it might not be the same hardship it is still a situation that may push them to learn such characteristics. |
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I guess that it is easy to give advice when it is not your money what is at stake, so I hope the OP eventually makes the most reasonable decision under his personal circumstances.
In my case, I remember that I was tempted to panic sell some coins back in 2020 when the coronavirus kicked in and everything went down. That situation was hard for many people, and my case wasn't an exception. I am happy that I didn't sell my assets then, but the story could've been the other way too...
Today, we hope for a new ATH next year, but the truth is that the price for many coins is quite good. So, depending on what assets you are talking about and the amount of emergency funds you hold, you could use both in some degree and still hold a part, so you don't regret in the future for making the wrong decision.
You are right. Because of course we don't know exactly what situation the OP is in. Even though in ordinary situations we would prefer to use an emergency fund in an emergency situation. But in different situations, we can do different things. Especially if the need turns out to be far greater than the emergency fund. Then our assets will be threatened to be sold to cover the shortfall. And in the end only OP really knows the situation he is in and only he can make the most appropriate decision for himself. But normally I personally still recommend that maintaining assets is the main thing and using emergency funds in emergency situations is the right thing to do. We are indeed getting closer to the bitcoin halving and it looks like a bull market is coming soon. So if it's a crypto asset then holding on to it until Bitcoin goes to a new ATH is something I would also do. I agree, I would also like to add that each of us prioritizes different things. After all, OP was just asking for our opinions and perspectives, at the end of the day OP needs to consider his/her own priorities and situation first. Whatever the decision is I hope OP gets the best outcome for his/herself. But I also agree with you regarding holding on to my crypto assets right now, especially when I know I still have other means to get money for my needs and wants. |
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I think, bad leaders are the one benefiting from war most because war always give them access to make a huge demand from the government resources that will affect the economy and the citizens of those two party, which they will not use the money to solve the problem in the land. Like the war that is going on between Ukraine and Russia government, if the world peace Makers can investigate the cause of the war very well, you will discover that the bad leaders in the two countries are the one looking for way to loot the government resources. I believe, very soon the war will be over, and those behind the war will be brought to book , and they will definitely vomit what they have consum from the war.
In the war between Russia and Ukraine, Russia is the aggressor, that is, the attacking side. Its bad and bloodthirsty leader Putin would have won if, as he expected, he would have captured Ukraine in a short time. But he miscalculated and Ukraine, with the support of other states, inflicted colossal material and human losses on the aggressor. This hit Putin's image very painfully, and he, and possibly the state itself, will not recover from this. I am sure that Putin is now very sorry that he attacked Ukraine, but it is already impossible to return to the position before the attack. I remember there was a quote that said: you may have won the battle, but we have won the war; but everyone lost.This quote really hits deep when you think about the consequences of war both in the winner and on the loser side. Sure, the winner may have won but at what cost? Money on ammunition, explosives, etc. have been used; lives were lost; and the economic impact which would therefore last for ages would soon hit the country. In war, the only one that benefits is actually no one. Everyone is lost during the war due to its overall impact to everyone, The reality behind the war is perfectly said in the quote. Maybe one can claim that they've won the war. The same doesn't mean they're at the top and haven't affected by the war. It completely destroys the growth. Most of the time the war takes place in growing countries which is kind of hidden politics to down the growth of country. In a war everything is a loss, except the country who sells weapons to the war participants were the benefitting one. Exactly, the third party. In some cases, you will even see that third party selling to all of those countries involved in the war to get as many profits as they can get. They certainly did not lose anything but they gained millions, probably even billions for that. They did not directly participate in the war, they only did business. |
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Africans are blessed with a lot of minerals that if this resources are gainfully used for benefit of their citizens, this God given resources would add colours to Africans. Countries in Africans like Nigeria, Serial Leone, Ghana, kenya, south Africa and lots more you will a lot of natural resources either misused or abandon by government and even if they see need to use them, is either abused or mismanaged. Petrol in Nigeria till today is been refined outside country and still import back to Nigeria on a high price, lots of minerals like coals, salt, kerosene, gas, petroleum and so on but no appropriate handling of this resources, so even the citizens can not benefit from it. If Africa can make use of their resources well, they will be more independent, free from indebtedness and indirect colonial system of other countries.
They should be free like you said a lot of minerals meaning your country could be independent. But the truth is the rich mineral countries will always in the end of the list just like my countries Indonesia also had lot of mineral including oil and gas also the biggest nickel in the world. But the raw material always goes outside and when it becomes a finished good it goes to indonesia back. I couldn't agree more. Same goes for my country. Despite being rich of these resources we often export them to be used by other countries for their product and then will be imported back here and be sold with a high rate. Once you asked why it is expensive they will tell you that it is because of the rare products used to make it, then you'll realized the said products is locally found and there are a lot of them. Typical import and export system. |
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Surprised Amazon counts as a brand by itself especially, they are a retailer of other peoples brands and if only able to sell what they themselves originated they would not amount to even a hundreth as much they do by being a top retailer.
Tik-tok success does at least deploy freelance produce mostly only available on its own platform so its unique in someway so I'd accept it as a brand. Their success is like candy floss, its very fast easy to digest and each video typically uses a snappy tune that becomes quickly popular despite endless repetition.
TikTok indeed found a way to attract a lot of users. People found a platform which they can access various communities which they belong to like fandom and people with the same interests and beliefs as them. Add that with the factor of entertainment that relates to the newest trend then they found the (almost) perfect formula for their platform's success. Hence, why I'm not surprise to see TikTok on this list. |
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It is currently like that, they have recently closed it for public trading. However, it should be noted that possibility of a rise in twitter or x stock can happen if Elon Musk or the board decides to open it again for public trading. As of now, it is unclear what Elon is planning to do next after the huge rebrand of the platform. I think it won't happen in the near time because the first time, he bought he decided to go private and buy each individual share and already paid out. Or maybe Elon still have a bunch of money and not gonna decide to go public again near soon. Because that Only Tesla that Public right? Most likely, yes. It will take some time for it to happen. It is honestly up to how Twitter or X performs in the next few months given the changes that happened. A lot of investors will even have to ask if it is worth it to invest in that platform or not, again based on the performance the platform will showcase in the next few months. |
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