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101
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Economy / Economics / Re: Investing Addiction.
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on: May 09, 2023, 05:16:36 AM
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Trading in the financial markets is stimulating, exciting, and engrossing. But you can become addicted, just like with actual casino gambling or using drugs. like any addiction, trading addiction can you socially and economically. If you have enough control to your mind then, you can balance life and your finance. The way we use knife, it helps us in kitchen but same knife can take someone's life as well, if we are not using in right way. This is why if we are investing our extra money or in sudden limit then addiction to investment is good.
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102
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Other / Politics & Society / Re: Importance of entrepreneur in school curriculum
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on: May 09, 2023, 04:21:08 AM
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Whatever we learn in school time, its gonna stay with us for life long that's why school curriculum is very prominent for children. If we thought them in basic about entrepreneur in school curriculum helps students develops a range of skills and competencies that are valuable in both their personal and professional lives. It teach them how to think creatively and critically, how to identify and solve problems, and how to take calculated risk. This kind of curriculum make them to think outside the box and nurture unconventional talents and skill.
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103
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Economy / Economics / Re: Bitcoin Mining is Good for Environment
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on: May 09, 2023, 03:29:24 AM
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In Malawi 1,600 families are connected to the power that comes from powerhouse and others. They use to make that energy for Bitcoin mining, which makes it more self-sustaining and also increase their livelihoods or decrease the cost of power for those who are connected. Bitcoin mining is helping 1,600 families in the mountains of Malawi, Africa get cheaper hydroelectric energy the formula is this extra sustainable electricity plus internet connectivity plus Bitcoin profitability equals to cheaper energy for the community.
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104
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Economy / Economics / Re: A True Leader With Economic Vision.
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on: May 08, 2023, 10:04:32 AM
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Leadership quality is a gift not every people have leadership quality not all people can manage team, who have leadership quality can influence people easily. who have ability to influence other this people can motivate anyone who already lose hope. Even the economic of any country is highly dependent on good leadership. This is particularly so because the core values of a nation are directly linked to equality and equal distribution of resource. A good leader should have integrity, respect, empathy and gratitude.
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105
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Economy / Economics / Re: Power outages causes huge economic loss in south Africa.
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on: May 08, 2023, 09:08:09 AM
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Recently I was reading in news article that South Africa's poultry farmers say they've had to cull almost 10 million chicks because of the country's power crisis. if their government is corrupt and won't care for their public, African's farmers must have to search some other alternatives like investing on generator or solar energy other wise it will impossible to survive for South Africans farmers in this profession. I can understand in today's generation where country is becoming digital and everything is depend upon electricity from pursuing education to doing business. Poultry farm need electricity regularly without electricity poultry chickens can't survive.
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106
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Economy / Economics / Re: Long term OIL
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on: May 08, 2023, 08:13:21 AM
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The average consumption takes for granted energy, real energy oil. Consumption has slowed dramatically and the economy grinds to almost a halt. People should be aware that real energy is drives the surly chain. For every one calories we eat it takes 10 calories of energy to produce and distribute. The economic doesn't recover until energy rebounds. They are dropping because the other sources of energies are last suffering. In long term the world won't need oil soon. Every transport and appliance going to be electric or gas in the future.
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107
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Economy / Economics / Re: More Money Problems that Bitcoin Solves
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on: May 07, 2023, 09:03:12 AM
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Solving the double spend problem in a trustless manner was one Bitcoin's greatest innovations. Bitcoin uses a distributed ledger to record all transactions in the network. This ledger takes the form of a blockchain, a large database. Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just traditional currencies
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108
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Economy / Economics / Re: China Digital yuan vs US dollars
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on: May 07, 2023, 08:21:22 AM
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The high rate of internet usage, a supportive regulatory framework and the government's push for a cashless society with COVID-19 as the impetus to introduce the digital yuan to replace physical bank notes all contributed to the success of mobile payments in china. China is rapidly developing into a cashless society using a new digital currency, called the digital yuan or the digital RMP to overthrow the US dollar and challenge other crypto currencies like Bitcoin. But unlike blockchain technology, China's digital currency will lead to a new era of surveillance and control over the China economy .
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109
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Economy / Economics / Re: Excessive Rain Can Hamper the Economic Cycle
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on: May 07, 2023, 07:23:38 AM
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I am really feeling sorry what happen in your area hope you people soon overcome from this situation. Excess rainfall leads to crop losses, resulting in lower earnings for farmers, and lower rural demand and sales. Other sectors affected by the health of rural economy are banking, NBFCs and microfinance institutions. Extreme rainfall often leads to floods, and thereby can cause significant economic damage directly, by destroying property, and indirectly by disrupting supply chains, infrastructure, and production sites.
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110
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Economy / Economics / Re: Success in finance and investment is a journey of finding your true self
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on: May 06, 2023, 05:11:38 PM
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I always like to spend little time for my self in a busy day because the best gift you can give to yourself is to invest in yourself. I believe when you have good health there will be good money and when you have good money definitely you gonna have peace of mind. There is no more profitable investment than investing in yourself. It is the best investment you can make; you can never go wrong with it. It is the true way to improve yourself to be the best version of you and lets you be able to best serve those around you
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111
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Economy / Economics / Re: Save your environmental economic cycle
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on: May 06, 2023, 04:38:33 PM
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I really feel bad now days when I use to visits to our local market they are not earning enough because people engage in online shopping. In my opinion with online shopping we must have to give importance to our local market as well, it creates employment for our own native people. If we don't support them then who will? I know some time online shopping is profitable for us but if we only support online shopping in this level then our local market can't survive and when we don't have any other option except online shopping then they will start taking advantage because too much is not always good.
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112
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Economy / Economics / Re: U.S dollar almost equal to Euro
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on: May 06, 2023, 04:16:38 PM
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Truth is USD has gained value over most currencies in the past year and at its peak the exchange rate from USD to EUR was about 0.99 and USD had gained about 14% over the euro in the past year alone. So in a way holding USD was an "investment" if you held it and traded some of your USD into EUR like I did but this is only useful if you have EURO bank account and plan on using that money. Or you can just hold it exchange it back into USD later.
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113
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Economy / Economics / Re: Have a Income? Invest in Crypto or Not? Let's think realistically
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on: May 05, 2023, 02:27:41 PM
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Many growth stocks are down to the same degree that crypto is. It has nothing to do with the quality of the industry. It's just what happens when tech businesses who reinvest in the themselves and therefore on paper don't have a profit respond to rising interest rates. A massive number of the Nasdaq companies are down the same amount as crypto. Why? because they are responding to the same circumstantial changes in the economy. When the money printer gets turned back on you'll see growth stocks and crypto off the races again.
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114
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Economy / Economics / Re: A career - as an employee or a business owner which do you prefer and why?
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on: May 05, 2023, 02:10:35 PM
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There is one important difference between job and business. you can't sell your job, if get bored with your job then you can guit your job but when you leave the job then that job will given to someone else they are handed over all your previous work but you won't get any compensation for this. When you quite your job you give away your opportunity to someone else for free. This is not case in business, if you want to sell your company, you get handsome reward for it. So yes I always choose to be business owner.
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115
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Economy / Economics / Re: Crypto in Indian Economy?
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on: May 05, 2023, 01:29:06 PM
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cryptocurrency becoming very popular in India because this growing popularity has been attributed to several factors, including India leading the world in terms of growth in adoption of the internet, we can see in India now days even small auto driver use to have bar code for online payment, and the country burgeoning tech industry along with tech savvy millennials providing the right consumer segment for cryptocurrency. A prior analysis by global crypto exchange KuCoin had pegged India's overall crypto population at 115 million.
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116
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Economy / Economics / Re: What was your lowest point financially? How did you go through it ?
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on: May 04, 2023, 02:37:24 PM
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My lowest was when when i was in my previous job, there was some issue at my office. later on that problem increase and it really effect negatively in my personal life as well because of that office's related issue me and my wife we got divorce and I lost my job. when i lost my job its really difficult to resolved that problem that's why i force to sell my bitcoin in vary low price. Still i feel regret if I didn't sell bitcoin that time then right now i can be in next. it also feel good I still have some bitcoin which really beneficial for me.
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117
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Economy / Economics / Re: Severe economic crisis! Go over some information here.
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on: May 04, 2023, 01:39:57 PM
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The financial system has been artificially has been pumped for over a decade to ensure big pockets were lined and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather then focus on the capital crimes of politicians and corporations.
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118
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Economy / Economics / Re: How do cryptocurrencies affect Global Economy?
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on: May 04, 2023, 01:19:48 PM
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In my point of view cryptocurrencies have effect the world positively because cryptocurrencies have the power to completely change how we engage with the world economy. The first advantage is that anybody, wherever in the world, anybody can use the cryptocurrency. Blockchain technology makes cryptocurrency transaction instant and very secure. Cryptocurrency can provide several benefits to small business, another positive impact of cryptocurrency on society. The low transaction fees that come with cryptocurrency one of the biggest reasons many establishments have opted to accept the digital currency.
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119
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Economy / Economics / Re: SPENDING MORE THAN YOU EARN
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on: May 03, 2023, 12:04:44 PM
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Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"( https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn: 👉👉 Create a Budget (or Improve Your Existing Budget)99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort. 👉👉 Use cash onlyShopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget. 👉👉 Shopping with a listThis is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap! 👉👉 Control your grocery listHaving meal plan can help you minimize your monthly expenditure. This helps you to stop spending money unnecessarily on food without depriving yourself of your favorite treats. This will also help you to plan your week without any worries and give you the insight of all what you need from the store. 👉👉 Learn to say “no”Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items. Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html CONCLUSIONIt's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come. I agree with aforementioned point, whatever points he mentioned its really useful for every individual's life. If we follow all, then yes we definitely can save huge money. What happen with me last two three days back I went for movie with my friend, there was time for movie to start that's why we was roaming around shopping mall to do time pass but I saw one beautiful curtain an I purchase with expensive price. I didn't realize for time being that curtain is really expensive because I was paying with card, if that time I used cash may my mind change. Usually I don't make grocery list but next grocery will definitely make list. |
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120
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Economy / Economics / Re: Rich Mindset vs Poor Mindset : 6 key differences
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on: May 03, 2023, 11:37:00 AM
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There is huge difference between poor and rich. When rich person receives money he/she does not have to think for basic needs such like food, cloths and shelter but in same time when poor person receive sudden amount he/she must have to think about their basic needs first. This needs does not allow them to invest. Rich people easily invest their money for investment but not easy for poor. My advice is at young age we must understand financial knowledge how to earn, how to save and where to invest and yes we decently teach our kids about financial knowledge from their childhood.
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