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61  Economy / Economics / Re: How can we improve our country's economy by on culture or ecosystem? on: July 06, 2023, 10:01:42 AM
In India there is to much power in the hand of politician , Judiciary, IAS and IPS these people most of the time they miss use their power, if we want to fix this problem of ecosystem then first we have to remove this system. In India there is an unity in people then they can protest. People can easily get united and can remove corruption. And yes to improve country's economy we must have to focus on tourism as well as need to give boost on business and investment and also can invest on eco friendly industries like waste management, renewable energy and organic farming etc.
62  Economy / Economics / Re: Social media, now looking more for business than for socializing. on: July 06, 2023, 07:03:19 AM
Social media is giving equal chance to everyone, we can see the people's interest on social media. Now days it is totally depend upon numbers of followers. When you pass sudden limits of followers on Instagram, Facebook etc you will start getting ads to promote their goods which you can get good money. Infect ruling or opposition government also use to give handsome amount if you  have good numbers of followers. To promote their party they will pay. In social media only matters your followers.
63  Economy / Economics / Re: Quit borrowing on: July 05, 2023, 12:08:37 PM
Taking loan is not bad as long as borrowers know their limits, it will totally depend upon your need, you are taking loan for what? asset or liability, let me clear these two things asset mean which give you income and liability mean which take income from you. In my opinion if you are taking loan for liability then you should avoid the loan. If you want to invest in asset such like house, making up business etc which can give you more benefit with right income then you can borrow loan three is nothing wrong.
64  Economy / Economics / Re: A steady source of income is a man's bottom line to support his family on: July 05, 2023, 11:10:25 AM
Something is always better then nothing, if he is not getting high salary job according to his education and skill but for time being he can do low salary job. If you are staying in home without job then it will be very difficult to get job but in same time if you are in job market then it will be much easier to get next job because that time you have more contact with experience. I learn lesion from this above mention story that saving is very crucial, we need to be ready for such things like job lose or sudden sickness will happen.
65  Economy / Economics / Re: I cannot go home if I don't make a lot of money now!! on: July 05, 2023, 08:29:22 AM
We cannot say money is not important, if someone is saying money is not important then he/she must have to be a mad or a monk. Money is important but money is not life, money is not everything. That much understanding should be within us. Money is just like petrol, what is the importance of petrol in our life? we cannot use petrol like perfume in our body because it is flammable in same we if we start use money in our life then there will be flame which is known as anger, frustration and jealousy etc. We need to use money to move forward in life after all metal peace is ultimate.
66  Economy / Economics / Re: 85% of AI start-ups will fail within 3 years. on: June 28, 2023, 07:23:29 AM
I don't have that much idea what is the main purpose of them but in current situation people is really afraid of loosing their job in market. If they don't have good use of their projects then most probably they will loose their trust and importance. One of the biggest mistake that AI startups make is focusing too much on technology without realizing that business is more important then technology. There is one more problem in AI is insufficient or low-quality data. AI systems function by being trained on set of data relevant to topic they are tackling.
67  Economy / Economics / Re: Logic of life on: June 28, 2023, 06:36:34 AM
Logic is pathway to understanding and education which leads to intelligence and wisdom. Knowledge is very crucial to sustain life, with knowledge individual can achieve whatever they want such like money, fame and respect in society but only knowledge is not sufficient without hard work. I have seen in my life that someone is very intelligent and knowledgeable in their student life but became worst in their productive time. Because they are not able to convert their knowledge and intelligence in action.
68  Economy / Economics / Re: Do you spend more-do you get more? on: June 26, 2023, 02:26:35 PM
Money gives you the options to accumulate more things, to have more choices in life. Basically it totally depend upon you, where you investing your money. If you are spending your money on useful stuff then it is worth an it can give you well return. while spending your whole money you need to think several times weather you spending on business which can be expand in future and and it may give you good amount but in same way you are spending on gambling, smoking or in alcohol then you will ruin your life. there is a saying that 'if you save money today, the money will save you tomorrow'.
69  Economy / Economics / Re: How do banks generate income? on: May 20, 2023, 05:32:34 AM
Bank utilize customer's money to make more profit from there, like giving loan and collect interest or investing on stock market. They also utilize customer's money for their personal gain as well. Investment is the source of bank, more we invest, more they earn. Apart from this they earn from If the account falls below the minimum balance it may be assessed fees for not maintaining minimum balance. Bank generate more income from locker rent, trading profit. Message alert charges, ATM charges, transaction charges etc, which people never notice.
 

70  Economy / Economics / Re: Investing Addiction. on: May 19, 2023, 04:27:05 PM
To much is not good in anything like if we are taking medicine, we know it is good and I will become well after taking this but if we take too much then obviously there will be negative effect on my body like wise if you addicted in investing addiction then it can ruin your life if you don't have idea of trading. If you are investing in some assets, small portion from your income then it is appreciable and it may impact positively in your life. whenever you feel like you are loosing then you must have self control to stop before you loose everything.
71  Economy / Economics / Re: Is some certain lifestyle a waste of money and time ? on: May 19, 2023, 03:52:59 PM
When people are lazy, living their life without goal and want to become rich without doing hard work. Such people always use to search short cut like waste their money on lottery tickets even though there is a chance of winning is one in a million. Yet people are ready to waste money on them. And another thing is, this habit of spend in unnecessary things like having expensive dinner at 5 star restaurant, having unlimited drinks, following trends. Always remember one thing, we don't have to suffer for trends or fashion. Try to save your money for your hard time like medical emergency. Today I realize this trends and fashion never help us in emergency.
72  Economy / Economics / Re: Why do people stay poor? on: May 19, 2023, 03:09:04 PM
I have come to realize that poverty is as a result of ones reasoning and ability to engage in meaningful activities that would help them grow.
Another factor I put into consideration is ones circle. If you are always in a circle of lousy people who think not of what they could do to generate more funds or being productive, you will remain like them because they would always drag you down to their level so the best thing is to always stay in circle higher than you if you must grow and be productive.
 
I really do not think education is a barrier to being wealthy and rich. I know people in my country that are very successful business men and women. They weren't educated as we thought but because of their drive to succeed, they were able to stand and be useful to themselves and the world.

You talking about circle, its really touch my heart and I come to realize now, when I was in my precious job I used to be surround with those people who don't have any vision for future, they don't have plan, they don't have any Curiosity to do something in life, literally Life was going on anyway. But when I start doing job here in IT industry, now I come to realize about investment when I meet with such people who use to keep such information. Now I come to know keeping money in bank is useless, when I got to know about inflation because of friend circle.


''I really do not think education is a barrier to being wealthy and rich''. I strongly believe this because my own father is not literate but still he is very successful businessmen.
73  Economy / Economics / Re: Why do people stay poor? on: May 18, 2023, 09:16:28 AM
People stay poor because lack of financial knowledge, no school, collage an any other education institution teach about financial knowledge this is also one of the reason why people stay poor. Apart from this, when poor mindset people gets money, they never use it for investment to generate more money from there. In same time some people born poor but with their right knowledge and hard work they become success in their life and become rich. Born being poor but with their determination and hard work never let them end up being poor.
74  Economy / Economics / Re: The Role of Education in Financial Literacy on: May 18, 2023, 06:43:28 AM
Actually financial education should thought from home, whatever children learn their empty mind it will be for life long. Financial education from early age help them to understand finances effectively also provide them right knowledge about finance and it will increase skills to save for future. School education is theoretical it helps us in sudden level but life will teach practically that's why practical knowledge is always best. Having degree from reputed universities doesn't determine success but right knowledge towards financial education can. After all education should be for life and not for living.
75  Economy / Economics / Re: Saving one third what you earn monthly is not that hard, isn't it ? on: May 18, 2023, 05:30:18 AM
It's rely on how your living standard is. How much you save and spend its totally depend on your income and yes your determination towards savings also does matter. I have seen many people who is earning well at that moment they just spend money on party, buying expensive things and specially in showoff at the same time I have seen a person who is earning less still they are able to do save. Most of the successful people they use to adopt the habit of tracking their expenditure. This tracking method is very use full and you will be able to avoid unwanted expenditure.
76  Economy / Economics / Re: Replacement? on: May 17, 2023, 02:59:33 PM
From my perspective, I totally doubt if Bitcoin or generally Cryptocurrencies will replace FIAT in the near future. As you see the governments and banks are still against digital currencies and they are attempting so hard to break the market down specifically Bitcoin due to the whole market is dependent by it. In addition to that, the crypto could be an alternative but not a replacement of FIAT currencies at this moment. The global economy would be in danger if it happens. Are the governments able to track billions of transactions? Absolutely not. Additionally, It will probably be achieved depending on Bitcoin’s development in next years although in long term maybe in 2030 or 2035.

Well, Fiat currency prices and value are generally more stable than cryptocurrency along with this we cannot underestimate the power and value of cryptocurrency. Most of the Country is trying to  replace cryptocurrency by fiat but it is still very far away because Cryptocurrency is still new, so it may turn out to be as stable as fiat in the future. I personally don't think it will be able to fully eradicate fiat but rather I believe both cryptocurrency and fiat will be used together, getting the same recognition and adoption.
77  Economy / Economics / Re: Benefit from Higher Education? on: May 17, 2023, 08:51:44 AM
If you don't have a job after graduation, it's not necessarily the fault of education, it's because you haven't tried your best. Many people have just graduated from school without experience, but they are willing to do low-wage, even unpaid, jobs to gain experience. But many people graduate thinking they will only go to work when they receive a high salary, while they have no experience other than the degree that many others also have.

In my area, many college students are unemployed, and they blame it on education. But when I tested a few people in my neighborhood, their knowledge was even lower than that of a 9th grader. Maybe partly the fault of the education system in poor countries, but mostly our fault because we didn't study hard to get good knowledge. For these people, they deserve to be unemployed when they graduate.

To be successful requires many factors, not every university can be successful, but if you have a high level of education, you will always have more opportunities than others.

No, you are taking me wrong way. I am not blaming  education. What I am trying to said, if we don't start our carrier in right time in right age then might be we lose our productive time and age. And yes if we don't work for long time after complete our study then most probably our mind will adopt the habit of not working. Trust me this habit is really dangerous for an individual, and there is a saying empty mind is home of evil. I am not against education. After peruse sudden sudden limit of education we must have to start our carrier no matter how small it is but at least we learn something new and gain experiences from scratch to perfection
78  Other / Politics & Society / Re: Importance of entrepreneur in school curriculum on: May 17, 2023, 06:55:01 AM
This is very common among graduates in my country. It's even applicable to me then. I taught job is guaranteed after school and you came up with good grade. But I was disappointed when I entered the labour market. I don't think is that easy for government to provide job for all citizen but creating our own enterprises can help the government to reduce unemployment.

Yes, I agree with you. I was also having same kind of expectation, easily will get job in many reputed companies and life will be in track but reality was harsh. you are right its not easy for government to provide job for all citizens that's why In my country government putting much effort to uplift the entrepreneur and six biggest 6 best government schemes for promoting entrepreneurship in India
1) Startup India Scheme.
2) Mudra Yojana Scheme.
3) Stand-Up India Scheme.
4) Atal Innovation Mission (AIM)
5) Electronic Development Fund (EDF)
6) Pradhan Mantri Mudra Loan Yojana (PMMY)
Because entrepreneur is job giver not job seeker. Entrepreneurs provide job opportunities, increase competition and competition make people more aware and gives boost to put effort and hard work.
79  Other / Politics & Society / Re: Importance of entrepreneur in school curriculum on: May 16, 2023, 07:40:06 AM
Schoold teachers and entrepreneurship? They can't teach kids about entrepreneurship, they know nothing about real life. A lot of people may hate me for saying this but bunch of teachers are just losers who weren't able to succeed in life but want to have a little influence over some people and the only place for them to unleash their power is in school classes.
Watch this video, it is short but says a lot about modern world: https://clip.cafe/notorious-2009/yesterday-said-i-gonna-end-up-a-garbageman/

In school they were telling me that if I learn, I'll have a good job and I'll earn a lot of money. In real life, all I see is that footballers, basketball players, NFL players Instagram influencers, Youtubers, Gamers and some other group of people are earning so much money that educated person will never achieve their yearly salary if he works 24/7 every day during his life.

Teachers don't teach you about money and economy but you can't expect that from them, otherwise they wouldn't work for tiny salary.

Teacher plays very crucial role in student's life. What I am trying to say to teacher that is If you are not passionate about your job specially in teaching field then please don't go ahead just to earn money because if teachers are not passionate and not serious in their job then it really impact negatively in student's life just because of their laziness and not interested in their work. When I was student there was a lecturer who was not passionate and not serious towards his work. As a result we face its negative consequences in higher study.
80  Economy / Economics / Re: Replacement? on: May 16, 2023, 07:05:58 AM
While I am not so particular about the dominance of cryptocurrency over fiat, In my opinion it's not really possible to fully replace paper money by bitcoin. As compare with past bitcoin increase in value over time but side by side Paper money never loss it's value they both have their equal importance in their own place. They can't replace each other but it can be good alternative for each other. Nothing is much more good alternatives then cryptocurrency because it is decentralize and secure in nature.
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