I then remembered the books by Robert Kiyosaki about the fourth quadrant of cash flow. In this book that he made, I realized that if I remain an employee, nothing will happen in my life if I have dreams that I want to achieve that my salary as an employee before cannot provide.
Because I saw that this monopoly really teaches us how to take the steps to build wealth. So the saying is true that the rich get richer and the poor get poorer if they don't find a way to get out of poverty. Apart from this, we must learn to be wise in investing and know the right cash flow, of course.
And for us to win is that we need to take the risk to win the game, in short we shouldn't afraid to take the risk.
I agree with the idea that you have stated, we have to find ways to live by the means of our goals. However, the problem with adapting the game Monopoly to apply this idea is how unrealistic it is, especially at the beginning of the game. As we all know the game starts with every player having the same amount of money and starting at the same place. The players will have to think wisely, cleverly, and critically to ensure that the money they have at the beginning does not end up at zero without any properties supporting them. In real life, however, it is very different. We do not have equal financial backgrounds and different standings. For example, one individual could be born in a rich household which certainly gives them an advantage in life in comparison to an individual rich in a less fortunate household. Although this does not mean that the one born in a poor household cannot have the drive and possibility to one day be richer than the one born into a rich family, we cannot ignore the fact that having a different beginning makes it easier and harder for them. All in all, what I'm saying is that we are going to use Monopoly to teach our children about wealth, it is best to explain to them the differences it also has in real life to give more proper expectations. |
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Population growth and the unplanned occurrence of this increase is a big problem for states. If the education level of the increasing population is low and qualified individuals cannot be raised, poverty begins in that country. This is inevitable. The population wants to be fed and economic power is needed to feed these people. If a population without added value emerges, big problems will arise.
To prevent these, studies should be carried out under the name of population planning. Anything unplanned brings trouble. Therefore, a planned population ensures that the population contributes positively to the economy.
In my own observation every populated country are blessed with enough resources to take care of them, but in this regard assume they have good government the citizens will enjoy their wealth, but due to bad leaders we are experiencing that why we are suffering. It is the responsibility of government to take good care of her country, in time of health, education, housing, etc. If government provide good education to the citizens it make it easier for the government to rule because the people will be able to understand what the government want. No nation will boldly said that they didn't plan for the population of the country in future. Although there are big countries that have handled overpopulation fairly well we cannot ignore that there are those who are not as fortunate. In the country I live in, there is no doubt that overpopulation is brewing as more and more children are being born every day, and based on statistics an average family here has 3-5 children. In this country, it is very much seen how the country is having much trouble handling the demand of people as food supplies and basic necessities are not being distributed fairly due to low supplies (the country is basically experiencing food shortage and agricultural issues for years now). There is also the issue of education wherein public academic institutions are overpopulated by students, having one classroom to cater to 50-60 students). Although the rich may not see the problem, it is certainly the less fortunate ones who feel the problem every day. Nevertheless, I agree with you regarding the responsibility of the government here and their failure (or lack of action) to attend to them problem brought by overpopulation. |
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It seems like it is a natural law that humans need each other and cannot live alone. Therefore, don't be disappointed about being poor because we can work with rich people and learn how they work, so we have the opportunity to become rich too. and rich people must be able to respect poor people, because after all we need their energy to achieve income that continues to be created. therefore mutual respect will make everyone feel happy with their lives
It is more of a law for the life of every human being on this earth, because the attitude of mutual respect and respect for each other is part of the etiquette in life. So that the need for each other between rich people and poor people can happen well because basically rich people will not be able to do all the work by themselves if they don't rely on the labor of poor people or rely on the intelligence of poor people. Poor people have the opportunity to become rich because they work for rich people with a very decent salary, but poor people who only work for their daily needs will take a long time to become rich because they do not have enough income to make savings in their lives. So in this case it is very clear that poor people really need rich people so that they can become rich one day, apart from their labor being needed by rich people who have more places to employ poor people. The symbiotic relationship between the "haves" and the "have-nots" is a fundamental component of the modern economy. Isn't that a cycle? Rich people require skilled, often impoverished labor. Then, poor people look to the rich and their businesses for opportunity. Still, isn't it a little simplistic to say that the only way for the poor to become prosperous is to work for the wealthy? Modern economics are shifting. Online platforms, companies, and the digital era provide opportunities for people to move up the economic ladder without relying on traditional sources of income. Not all poor people work to sustain themselves. Many people invest in small businesses, education, and talents. Although this complex socioeconomic web is interdependent, it is not everyone's path to wealth I agree with you. Times are changing and the more that the world develops and adapts innovative changes the more human beings find ways to survive without solely relying on each other (at least in a traditional aspect). Despite the already proven cycle of how the poor look at the rich for job opportunities to gain sources of income, other ways of earning have been introduced. Online platforms have given a stage for anyone to have a space to enrich their skills and knowledge that opens various pathways for both poor and rich to grab any opportunity to earn. Moreover, stories of the poor finding ways to reach an outstanding level of wealth without relying on their jobs under rich people (like building their own business, which they started from scratch) can be seen on news and various platforms more and more these days. |
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Although supply and demand are the two factors that ultimately influence the standing of the price of goods in each area/country, there is another big factor that we should always be on the lookout and that is individuals who have the money and influence to manipulate the market. Market manipulation happens all the time and everywhere (in fact there is a more thorough discussion about this in a different post if you want more insights about it:https://bitcointalk.org/index.php?topic=5465009.0). Additionally, market manipulation can be done by different individuals or organizations such as big companies, wealthy and influential business individuals, and the government. Naturally, the main reason why they do so is due to the benefits market manipulation gives to them such as a rise in profit and sales. As to how we will be able to reduce the price of goods, the answer might lie on the government as they have a good hold on market manipulation.
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This is what's wrong with casinos advertising themselves as 'no KYC'. It's just a gimmick that they're trying to portray, and they really are KYC casinos that are trying to market themselves to appeal to a lot of people. I'd avoid no KYC gambling platforms and just stick to the ones that are already known even though they have KYC. At least, they have no hidden agenda in being straightforward with their KYC requirements unlike platform that do not ask for one.
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It depends on how you handle your gambling activities. If you are doing everything in moderation and treat gambling as something that can be removed from your life without any problems, you'll never strain your relationships to anyone, even your closest relatives/friend/family. But if you're one of those people who will put gambling first before anything else, expect that the reaction of the people around you will be harsh, and they might even hold reservations or grudge towards you just because you're putting gambling first before them.
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These are just the basic things that I guess a lot of people would have known by now. Currently, there's not much appeal to no KYC platforms as the reports on users trying casinos out that promotes their platforms using this 'feature' yet still require KYC at some point is increasing by the day. Also, people have realized that most of the time, no KYC casinos are those trying to fish out desperate users for their money, and are not delivering as promised or sometimes end up being a scam. Even though they know of the comparisons, most people would surely just go towards KYC platforms.
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I am not showing up that much on forum lately but in a public response for the private messages I have received in the past weeks, I want to inform the community that our Stake Campaign is still active and we are in the middle of the week 147. Also I'd let to let you guys aware that all the previous weeks payments were sent on time to our participants
Never had problems on this campaign, and you are responsive enough on Telegram that we couldn't really complain at all. Never have we received late payments from you guys, and you even update us promptly whenever something changes in the middle of the week. |
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Sigurado madami naman dyan na politicians na merong investments sa Bitcoin or crypto pero I'm sure mas pinipili nila na hindi ipaalam sa public para na rin sa privacy nila since public figure sila (most of all politicians). The reason for this siguro ay sa hindi pa legal satin ang Bitcoin. Another possible reason ay yung hindi magandang image ng Bitcoin at crypto sa Pinas dahil sa mga kwento ng scam at image na pinoportray ng media, so iiwas talaga ang mga kilalang tao na matali sila sa discussions regarding dito. Pero ayun nga, sigurado naman na may list somewhere sa internet kung sino-sinong mga kilalang personalidad ang may Bitcoin/Crypto investments.
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Before I invested my saves in bitcoin I have already encouraged myself of the loss if I may have a loss but what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin, I hope you're not investing on bitcoin because others are, you need to have the understanding of why you should invest, where to invest and for how long should your bitcoin investment remain with you on hold, there's also needs to have the background knowledge of how to maintain a security network within the bitcoin network by ot exposing yourself to the people to attack or scam you, not alone with that, you also needs to keep learning to get yourself updated on what's going on in bitcoin network each day and don't overconfidenced yourself as well. I agree with you. I hope OP and a lot of other people are not just investing because they know a lot of people are investing. It is always best to have a drive of your own, meaning invests because you are actually really personally interested and want to, not just because it is "trending" in your circle. Such a thing can be a problem, especially since there are people who hop on things like this because they want to feel like they belong or can relate to something, and once they start to lose money (because they did not even put any effort to learn the ins and outs of whatever it is they submit themselves to joining) and then they will blame the people around them that "influenced" them to join. I've seen and heard a lot of stories like this. |
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From my understanding, there are just some individuals who still transact using Bitcoin despite it being illegal in their country due to how beneficial Bitcoin has been/is to them. To be fair, as long as they are not making any transactions wherein they will be detected (like bank transactions) they wouldn't be easily detected. In my case, I live in a country wherein there is no law mandating that Bitcoin is illegal yet I cannot make any bank transactions using it, this shows that Bitcoin is not essentially illegal in my country but is also not being recognized as an official currency. There are for sure a lot of countries that do the same, wherein they do not have legal policies and restrictions regarding Bitcoin but they also do not officially recognized it, hence using it for legal/bank transactions is prohibited.
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Let's suppose you have a limited budget which can be used only for one of the alternatives below:
What is the best investment, in your opinion? To use this money to pay for your education, so you can conclude a superior course and achieve a higher degree, having access to a wide jobs' market, or to use that money to acquire an apartment, house or piece of land, so you can make a passive income from this?
It brings the following question up: what is more valued in life: to be or to have? Does it make someone fulfilled to have while not being or being without having anything?
For me, having a good quality of education can give you all the things you have mentioned later on. I am not saying that it will be limited only to those who have their degree at school, I am pertaining to the online courses that will be accepted worldwide. Honestly, my biggest investment is my education. My degree in school did not help me to land a job but I enrolled in free and paid courses online and that helps me to get jobs that I wanted too. I like your point as it shows how it is possible to acquire an education despite having limited money and finances there is a way to get an education through online courses offered by a lot of educational websites (I will leave a few links at the end of this reply for those who wanna try them). I have also subscribed to some online courses that helped me build my resume to apply to various jobs and positions. Hence, with this, I don't think we even need to make an actual permanent decision on which to choose as it is possible to have the best of both worlds despite having limited income. For example, you can invest in a property (or generally in any investments) and still give a bit of your time enrolling in a free online course (or even use a small amount from your limited budget to get a certificate). List of online platforms offering free/paid (it's seriously cheap and they also offer big discounts/promos): 1. Coursera ( https://www.coursera.org/collections/free-online-courses-finish-in-a-day?utm_source=gg&utm_medium=sem&utm_campaign=B2C_APAC__branded_FTCOF__arte-agency-Philippines&utm_content=B2C&campaignid=20520306230&adgroupid=153915958275&device=c&keyword=&matchtype=&network=g&devicemodel=&adpostion=&creativeid=672816129342&hide_mobile_promo&gclid=CjwKCAjw6p-oBhAYEiwAgg2PgiLObQvJzegPJfd5YdkuXKY_eHsMli8pk73prINFxCirS1-7yAL5HhoCulgQAvD_BwE\) 2. Udemy ( https://www.udemy.com/?utm_source=adwords&utm_medium=udemyads&utm_campaign=Generic-Exact_la.EN_cc.ROW&utm_content=deal4584&utm_term=_._ag_86841139896_._ad_535632329484_._kw_online%20courses_._de_c_._dm__._pl__._ti_kwd-10605931_._li_9060943_._pd__._&matchtype=b&gclid=CjwKCAjw6p-oBhAYEiwAgg2PghBJM_YTMgF-9wW9-VM_-KR5xQkWzhp_8RFuj7kIx0osHWfF3-pgBBoCMP8QAvD_BwE) 3. Stanford Online ( https://online.stanford.edu/free-courses) 4. Harvard University Online Courses ( https://pll.harvard.edu/catalog/free) 5. edX ( https://www.edx.org/) |
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Profit overnight can be only made if you are going to sell a product or service and already have a customers' base ready to buy or hire you. Usually you do this by scheduling with your base before starting the business, so you can calculate accordingly how much you have to invest initially on your business and how many people you will supply in a first moment.
However, with so much competition nowadays it's hard to create a base of customers. People are volatile and might not support your business when you most need them.
In every cases, such predictions are a must, especially when dealing with food and perishable goods in general.
However, I can say that it is not really overnight success. Because even though your product is good and high potential in the market still you need to spend some so that you can market that so well. Even though you are selling or offering a services there will be some time that you need to spend so that you can reach more people and by doing that it will help you to establish your business and earn more. This is true. In starting a business, you have to take some time to build a name or reputation that will gather customers. You need to invest time and effort in marketing or advertising your products. Unless you invest/buy a franchise of an already well-known business, it is expected that you will start with zero customers and work your way up, hence the profit is also expected to not come overnight. I have seen businesses that spent months with only a handful of customers and they had to try various marketing approaches in order to gather more, after a year or so they have finally established a good image and have gained loyal customers that return to them annually. It took them months to make a profit despite having friends and family purchasing their products and making recommendations to other people on their behalf. |
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I will prioritize business. Building a business that we are good at can guarantee financial freedom. If the business we build is successful, we can get crypto and property too.
Choosing a business is also a pretty good choice if we really have skills that we can use in the business we want to build. Because this will increase the chances of success in running the business that we are going to run. Even though I didn't choose business. But I also understand that by building a business you can increase your chances of making bigger profits without having to wait a long time. This is different from Real Estate which takes time until we can make more money. Because it requires several process stages that must be passed before the real estate can finally produce results. But I personally chose Real Estate because maybe now I already have a job and income. So I still want to own Real Estate and then one day build a business on it. Like the accommodation business and so on which can bring me regular income. You have a good take on this, well at least in my opinion. Your answer suggests that it is indeed true that the choice depends on our different situations. For example, as you stated you chose to do Real Estate since you already have a job which is a good source of income and you hope to build a business once you get a hand on a property you are hoping to invest in. In contrast, there are those who will choose Real Estate first as an investment and the profit they will get from there (although it might take a longer period of time) will be used to start a business. Lastly, I am sure that there is another case, those who have a job, a small business, and an investment in cryptocurrency who wish to use the profit they get (from their business) to invest in Real Estate. |
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This signals the start of a new era where tech giants are no longer going to be American. Meanwhile tech is not the only field and China is not the only country US keeps sanctioning...  When I read stuff about Tencent and the like, I don't doubt that statement at all. On the other hand, it seems like a lot of the tech innovations that have changed our lives have originated in the US--I've no idea whether that's going to continue or not, but I wouldn't count the US out just yet. As far as China goes, I've got my doubts that a communist country is going to become a tech giant on their own. They're very good at using everything that other countries have invented (not to mention their culture of counterfeiting shit), but I don't think they're going to make any major developments in tech all by themselves. But hey, I've been very wrong before, more times than I can count so we'll see. What I'm more worried about is how all of these countries with enormous power and resources are going to get along in the coming decades. I did some quick surfing on the net and found a list from Global Finance regarding the most tech-advanced countries in the world as of 2023. Based on their list South Korea ranks one (if you wanna know how they did the ranking you can check the list) while the US closely follows on rank two. Although East-Asian countries are well represented in the top 20 (with Taiwan, Japan, and Singapore) China falls on rank 38. The article explained that even though China invests a lot in research and tech production, the country fails to utilize its citizens for greater technological advancement, unlike its economic peers. With this, I would like to agree with you, although I am sure some will argue that this is not enough foundation to state that China will not make it as big as the US in terms of technology as China has been providing a lot of production parts towards big tech companies like Apple. I guess we'll just need a more conclusive article if we are going to actually make a comparison with that. Nevertheless, for now, I wouldn't go as far as saying that China will be as big as the US, perhaps they will continue to grow and develop in tech but not as quickly and as massive as the US as of now. Link to the article/list: https://www.gfmag.com/global-data/non-economic-data/best-tech-countries |
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Stable coins have a very real rival currently, namely CBDC. The government will definitely teach and encourage its people to use CBDC more. And one day we will definitely not be able to avoid using CBDC. It's just that I personally would also prefer to use stable coins. But about teaching children and families. I will do it at the right time. That is, when they need that insight one day. When they understand the value of money and how to maintain, save and invest. No need to rush. Because hasty steps will only scare them. And I'm quite sure that one day lessons related to digital money, including crypto, will be discussed in the school curriculum. Because knowledge related to crypto can no longer be contained. So there is no choice for the government but to teach it in the school curriculum. Maybe not now but it might happen in a few years.
I agree with you regarding your point on how rushing the younger ones to learn about the economy, finances, and digital currency (in this case, mostly about stable coins) might scare them. I've been pointing out how rushing such a thing can lead to an immediate loss of interest or pressure as it may still not fit the children's cognitive and mental capacity. As for CBDC, I also agree with you here as it is truly most likely that the government will implement a formal setup of education or teaching regarding CBDC more than stable coins or any other cryptocurrency. The reason for this, according to David Edwards in his 2023 article, is due to how CBDC is handled by the nation's central bank (their value is stabilized and controlled by them). Hence, it is only natural that if the government were to introduce an educational module, subject, or course regarding digital currency it would be the one that the central bank handles, rather than one that they do not have any control over. Link to the article, if you wanna know more about CBDC: eahttps://coinatory.com/cryptocurrency-articles/what-is-cbdc-and-how-it-impact-society-12394/?gclid=CjwKCAjw6p-oBhAYEiwAgg2Pgt8w1WjXyCQRTcl8kZXwebSjy849eBSmPOYhX39zTvu2Suis9D9__RoC7qcQAvD_BwE |
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It seems that the causes of price increases in your country are the same as the causes of price increases in my country. Well, in my country the drought has also temporarily stopped farmers from farming. And this summer is a little longer than usual. So the prices of vegetables and other things here have increased very high, exceeding the increases in previous years. But I'm quite happy right now. Because a few days ago there was a little rain that came to my area. Which suggests summer may be coming to an end. I hope that in your country everything will return to normal. And hopefully the extreme weather will end soon. And the agricultural sector has returned to operating as it should.
That's pretty good news about the rain that is starting to fall in the area or region around you. Because this will at least reduce residents' concerns regarding the long dry season which could cause food stocks to become increasingly low and cause speculation that prices will continue to soar quickly. With the rain, this speculation will stop. And it is hoped that food prices will not experience such a big spike. But you also need to know that from the time it rains until the harvest arrives it takes about 4 months if it is a rice plant. Well, usually 2 months before the harvest period the prices will still be high. Because at that time food stocks may have run out quite seriously. And prices will probably be higher. But a significant price drop will occur when the harvest season arrives. Because large-scale harvests will occur simultaneously. And makes rice stocks on the market pile up. In my area it doesn't look like it will rain yet.  I'm glad someone was able to explain this as I've been wondering if the sudden increase in rain here in my area/region will help the agricultural sector and in turn influence the price of the products and goods in the market. However, just to add to the idea I did my own research on the net and found this source: https://www.nicheagriculture.com/how-rainfall-affects-crop-health/ by Niche Agriculture that states that (like most things) there are both negative effects in less rainfall and excessive ones, like how less rainfall can lead to drought and have a negative impact on crop growth and yields, while excessive rainfall leads to waterlogging and soil erosion. Anyway, despite the sudden increase in rain here, I'm still a little concerned as our country is known to have sudden weather changes wherein it will rain for a whole week then it will never happen again for like half a month and vice versa. |
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I used to think that gambling is extremely entertaining, but that viewpoint has changed now. I still think that gambling is fun, though not as intense as I thought it was before. Life happened, things changed, and there are other activities that are more fun now compared to gambling. I think this is also the case for other people who have outgrown gambling and has since moved on to other things. Also, once you realize that gambling is slowly taking a toll on a lot of things in your life, you'll change how you view gambling. You'll start to realize that it's doing more harm than good to you and eventually, you'll stop.
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One thing I did consider is that, those who leave really huge amount of money on their gambling casino accounts already have more than enough in their wallet, as well as bank accounts, I mean, I won't immediately believe that in this time and era, someone will have his or her entire life savings stored or kept on a gambling casino, that's is a very foolish thing to do, and also very odd to believe.
So I am personally assuming that those guys are just so damn rich , and this amount of money they leave on the gambling casino is probably or possibly nothing to them if they lose it, it's the reason why they do gambling with such amount of money in the first place .
Exactly. These guys no longer have problems with money, hence they can easily leave a huge sum in their accounts without any hesitations or problems. Plus, with their status and their money, they can easily get that back as they can use their connections to go after the platform. Having lots of money is a cheat code in this day and age, as it gets you what you want when you want it. People who are gambling in hopes of getting rich will never leave a huge amount in their gambling accounts. They'll immediately withdraw the winnings once it gets significant and try winning again with just a small sum. |
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Additional advice: hindi "research" ang pagnood ng YouTube vids na ung tipong "top 5 coins to invest in 2023!", etc. Ang research ay pagbasa ng project documents, pagtingin ng metrics, pagnood ng interviews, etc. Akala ng karamihan "research" na ung nanood lang ng 20-minute YouTube video.
Tumpak! Ito talaga yung mga kadalasang ginagawa ng isang baguhan or sasabihin na lang nating kulang sa ideya pagdating sa cryptocurrency investment. Isa din ako sa natamaan nito sa totoo lang. Pero nung nagtagal na ay narealize ko na parang may kulang at for the views lang yung ibang mga content sa YouTube hindi talaga nila sinasabi yung sekreto ng pagiging profitable nila sa crypto. Yung iba kasi nagbebenta ng mga online courses sa mga contents nila na halatang bait lang yung videos kaya nagDYOR na ako at sinubukan ko na magtrial and error sa isang coin pagdating sa trading as in yung sariling version ko ng pagtrade para mas maintindihan ko at malaman kung epektibo yung strategy ko. Tama. Mga influencers na nagsasabing experts daw sila at malak ang matutulong para mas mapilis at mapalaki yung kikitaing pera sa cryptocurrency investment. Mga kumukulekta lang naman ng views at mag susubscribe sa mga online courses nila. Kung makikita mo naman yung mga profiles halatang bait lang. Ang problema nga lang kasi pag nagpakita ng kinitang pera daw nila at mga luxury products na nabili nila from earning sa Crypto madami na agad ang naeenganyo na sumali. |
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