Growing Money is Knowledge

[justdimin]

I have to say there are not a lot of people who became rich by just investing. Sure, Warren Buffet is a good example, but when you look at the top, you see that building something is a better way of getting richer, instead of just investing.

If you want a regular amount of "wealth", like what would be enough for you to live without ever needing money, depending on where you live it could be 100k to 1 million. In that situation you could invest and hope to reach that level, but even that would be quicker if you had a successful business instead. This is why it's smarter to just focus on what you could build with the money you save and invest, instead of keep doing that.

That is mainly because you are looking at the very top, and at the very top people can't be that rich if the thing they invest into is not even higher. If you invest and buy 10% of amazon, that means %90 of amazon is still not yours, and for you to be rich then you would have to buy 10% of 10 other companies like that to equal amazon.

However, none of us here should aim at levels of Jeff Bezos or Elon musk. It's enough to have 100k or so, that's more than enough and would change our world, that's a lot of money in anywhere of the world. That's why always focus on making money at the low end, and then you would be able to change your entire life.

[kapalmabur]

maybe what you mean is if we have broad knowledge we will easily get money or have many opportunities to earn money from various fields because we have knowledge and abilities, yes that is very true because if we don't know it will be difficult to do anything that's why we required to always learn from the beginning we were born to life at the tip of the throat.

That's how important it is for us to learn anything, be it knowledge or skills,
when we do not have any capital of course it will be difficult to get money,
if we already have enough knowledge and skills I think we still need to continue to improve

[Vaculin]

If I had seen this message in the past years, my direct answer would be yes, keeping the money is a very good thing. But now when I look at the wars and tensions around the world, saving money in this period is a huge mistake. Because there is a serious inflation problem around the world right now. For this reason, all the money you save in the bank or personally is melting away in the face of this inflation. Because the value of money is decreasing day by day. The house and cars you bought for a certain price yesterday were almost doubled. Therefore, in this period, it is better to make a profit by investing your money in some way or by converting the money in some way.

However, it is still a good thing to have some portion of your money put in your savings account for your emergency funds. But if you want to see fast growth of your money, maximize your investments either in crypto or in other form of investments. Saving money alone will not make you profitable in the end, instead learn to save and invest, that way you can expect huge returns when your investments work in the future.

[Bananington]

Growing Money is Knowledge.

Making, Keeping and growing money all require action, behavior and knowledge. In addition, It also requires connection to a right source of proper and early information. Information can be the difference. An early access to good information even when you really do not have good knowledge can position you to take full advantage of an opportunity.

[WalkerIVIV]

financial literacy is a necessity if you want to grow the money by investing, investments actually is harder that you could ever think of, there's bigger chance of you losing your money than growing it because everyone wants to make money from investing but then again if that's the case, it's become unsustaining for the investment instrument that they are invested in, having the financial literacy could somehow helps you a lot in term of managing your money.