Financial freedom and success comes from knowledge

[OpenCryptoSystem]

If someone is good with money it means he or she knows a lot about money .
You can say that you are not interested about money and financial system...welll the covid 19 was good example tgat you need to know about money

Before the covid the richest people sold their assets why so ? You think it was inside info ? No it wasnt they just know about money

And crypto is money and when you dont know about money then you shouldnt be in crypto ...
Or you stay in crypto learn hard and its a miracle you learn more about money


Now days when we face the facts that  most of the money will go in. Crypto and stock commoties markets and real business ownership will need to have state licenses ....
The you realise that you must learn.
...those main things :

When the economic circle start amd when it finish
When to buy and whem to sell
How to know if its just FUD/ shake out the weak hands or actual financial liauitity crisis ?

How do you know how the sec and fed working together ?
How the money is created?

Sounds like a boring right ?
Sounds like a lot of small details what the cool dude like you shouldnt know ? Right ?

But this is fundamentals and if you dont know this then you are not going to be rich unlikely.

Covid 19 is good example main rule:
When markets are bullish make money like there is no tomorrow becouse you need that money when everything goes down.

First rule: if you can swich your location for better to optimize your taxes do so.

The saved. 40% on taxes of 1 mil is your wealth saver in future.


Live by 5 years  plan make your wealth plan in 5 years plan


Still sounds like boring right ?
How does that sounds whem everybody is suffering you drive your nice rolce royce drinking some nice jack daniels relaxing at the beach...isnt that cool ?sure you want good thimgs but before that you have to go over a lot boring things


Finally you must learn how the system works thats how the richest guys makes their money and if you think you dont need that ? Well the extra wealth dont hurt you anyways




World is scam and fraud so you better learn how the scammers and fraudsters will try to scam you legally and not so legally but its all scam so scam

[redsun114]

Yes sure, it’s good to have a knowledge and understanding of how finance works. Even if you don’t want to go further into it, just by learning the basics will put you in a good position of knowing the right things to do in any kind of situation.

When the Coronavirus started I knew at first what to do, in terms of cryptocurrency I had to sell all my coins and some other assets I was holding. And when prices deeper, I let my friends know that we should buy because that was the right time, but they doubted it, because they have no understand on how it works, despite how hard I tried to explain, and at the end they are the ones regretting it.

The knowledge I had was how I was able to tell that what I am doing was right.

[fiulpro]

I do think we have to understand the fact that Knowledge is something that comes from Education. Education is something that does require a lot of investment during this time period and at the same time we have to understand the fact that the government is not at all lenient in granting :
student loans
It is not easy to secure one and at the end of the day even if you successfully get one it's hard to count on the upcoming semester.
Therefore this is something that the government should work for in many countries the education is free like in Germany but then again the finances are a whole different thing.
One can have PhD but at the same time could fail to even get monthly financial stability despite having enough money because most of the times it required consistent  reason , analysis, perspective a lot of experience and the ability to use that knowledge for the greater good.
You can have knowl but it will depend on the fact about how you decide to use this knowledge.
Well for me money is anything that holds a value not just Crypto. It's indeed more important as compared to fiat for me since it's more or so beneficial as a whole to hold it.

[Imran232]

Maybe you are right from your point of view. But my point of view is little bit different from you i believe you won't get success if you give up. No matter how much talent, luck you have. I belive luck is 1%, talent 1% work for our success because our most wanted thing is called do not give up. It is the most needy things for everyone who dreams a successful life. Because success dosen't comes fast it comes slowly. That is why we can say it is not luck it takes time so we do not give up. We just stay with our plan and work on our plan. Just do this thing and see the result. Just don't give up.

[Quidat]

Financial freedom will really be definitely depending on someones capacity and knowledge on dealing with things that will really be giving out
that opoprtunity for them to make profit which is greater into those people who doesnt even know on what its all about.Having knowledge would
always be an advantage for you and you would really be having the edge compared to others.Just make it sure that you do know on what to do.
We do all have the hopes on becoming financially free or doesnt really bother when it comes to finances but reaching out that state isnt
something that you can attain easily.

[Broly46]

*Sell their asset* before the covid.
I don’t know how you relate it.
Btw thing is a little different today, during the covid, the fed basically buyout the entire market with taxpayer money, it force them to sell whatever they have during covid with printer goes brrr absolutely whopping speed, yup the rich begin to sell their shares of company to the fed after they realised covid is already deep into the core of no return.

They should have been selling by 2018, not by late 2020, sure you want to time the market maker, the only market maker today is the fed itself, they’re the absolutely net buyer of everything from toilet paper to virtual coins, you think you can time when the fed gonna start printing money in a manner that brrr at high mph, that’s not possible to time that market, the fed are too conscious enough to not get fall into that same tricks, they have everything to defeat your purpose trying to time them for the profit.

Yeah this money market is horrible, it reward only the financial people, it punish the true hardworking people, why would you still work hard for money, just beat it up already.

[OpenCryptoSystem]

*Sell their asset* before the covid.
I don’t know how you relate it.
Btw thing is a little different today, during the covid, the fed basically buyout the entire market with taxpayer money, it force them to sell whatever they have during covid with printer goes brrr absolutely whopping speed, yup the rich begin to sell their shares of company to the fed after they realised covid is already deep into the core of no return.

They should have been selling by 2018, not by late 2020, sure you want to time the market maker, the only market maker today is the fed itself, they’re the absolutely net buyer of everything from toilet paper to virtual coins, you think you can time when the fed gonna start printing money in a manner that brrr at high mph, that’s not possible to time that market, the fed are too conscious enough to not get fall into that same tricks, they have everything to defeat your purpose trying to time them for the profit.

Yeah this money market is horrible, it reward only the financial people, it punish the true hardworking people, why would you still work hard for money, just beat it up already.

Its life aint not fair if you dont invest you will be paying later anyways so get in investment asap

[Broly46]

*Sell their asset* before the covid.
I don’t know how you relate it.
Btw thing is a little different today, during the covid, the fed basically buyout the entire market with taxpayer money, it force them to sell whatever they have during covid with printer goes brrr absolutely whopping speed, yup the rich begin to sell their shares of company to the fed after they realised covid is already deep into the core of no return.

They should have been selling by 2018, not by late 2020, sure you want to time the market maker, the only market maker today is the fed itself, they’re the absolutely net buyer of everything from toilet paper to virtual coins, you think you can time when the fed gonna start printing money in a manner that brrr at high mph, that’s not possible to time that market, the fed are too conscious enough to not get fall into that same tricks, they have everything to defeat your purpose trying to time them for the profit.

Yeah this money market is horrible, it reward only the financial people, it punish the true hardworking people, why would you still work hard for money, just beat it up already.

Its life aint not fair if you dont invest you will be paying later anyways so get in investment asap

As you may have already realised.
Profit is what’s matter, product alone won’t make profit, business plan nope, it’s the investor that make money, people are into the investing to make quick buck and fix their life for instant gratification, they invest and divest in the market at the speed of light, *cash flow* they named it, yeah cash flow is very high while everybody invest and divest at the high speed, 24h trade volume is the perfect *cash flow* indicator, a high cash flow investment, it must have high 24h volume, I’m mentioning 24h volume, not monthly average, not annually average, it’s as quick as just 24hours, this is very fast pace cash flow, TIME the market is absolutely critical, put all egg into one basket is absolutely critical, INVESTMENT that do not make money is quickly resulting in exit SCAM, investment must make money whether it’s 1% it’s 100% or it’s 1000%, it has to be green colour to be qualified an investment NOT exit scam, the secret key to INVESTMENT? It must be profitable, it’s all about profit, it’s all about investor that make money, timing is absolute, profit is absolute, investment on crypto with 24h cash flow traded volume is absolute, any investment that required to risk HODL over 24 hours is unacceptable, an investment that goes illiquid in the next 24 hours is as good as dead, an investment that having a 24 house traded volume on the decline is as good as poor cash flow and exit scam in the making. Yup not everybody would make it to be INVESTMENT social class, they’re always the elite who make money from investment, take the pills and sit down, and wondering whether etf, more fund management team, more QE will make investing in a level playing field, nope the effort has not made any significant changes.

[disconnectme]

Knowledge is power, and money is power, which means applied knowledge is money. Anyone that understands how the Crypto market works would be fine and making incredible amount of money, you don't need to start with huge money, if you can make profit on consistent basis and compound the profit then sky is your limit. I could remember when most of these big guys were dumping their stocks around April, they need to protect their investment which is one of the law of money, if you can't protect your money is never yours and this will happen to people in Crypto also, they will see their portfolio goes up but won't take profit and the account is going to dump to zero, I have seen $10k Crypto investment turns $20

[wxa7115]

Yes sure, it’s good to have a knowledge and understanding of how finance works. Even if you don’t want to go further into it, just by learning the basics will put you in a good position of knowing the right things to do in any kind of situation.

When the Coronavirus started I knew at first what to do, in terms of cryptocurrency I had to sell all my coins and some other assets I was holding. And when prices deeper, I let my friends know that we should buy because that was the right time, but they doubted it, because they have no understand on how it works, despite how hard I tried to explain, and at the end they are the ones regretting it.

The knowledge I had was how I was able to tell that what I am doing was right.

This is something people do not realize, they see learning and accumulating knowledge as a waste of time because they do not understand how they can improve their lives with it, but having a superior knowledge about how the economy works will give you insight that many could mistake for inside knowledge.

Once the covid pandemic was confirmed we all knew a crash for most markets was coming and it did, but while many panicked the smart people saw in this an opportunity and bought bitcoin for a price so cheap that even now they have a 10x profit, if anybody invested a significant amount of money in that trade he could have solved any money problems for the rest of his life with that single movement, which demonstrates the importance of knowledge as a tool to enrich yourself.

[Hydrogen]

Before the covid the richest people sold their assets why so ? You think it was inside info ? No it wasnt they just know about money

Weeks before the US stock market crashed. There were reports of component and part shortages in global factory supply chains. Due to chinese factories closing as a result of a pandemic.

I remember watching the DOW average in amazement for weeks. Wondering why the US stock market wasn't crashing. Finally it crashed. To the surprise of many.

Independent media, which many hate and despise. May have been the only media covering the story about factory supply chains slowing as a result of a pandemic. I think it was ignored by most mainstream media. Which is why it caught many by surprise.

Accurately vetting sources of news and information can be valuable for traders and investors living in an information age.

[hugeblack]

Financial freedom is the product of your financial philosophy and your financial intelligence and is not limited to the use of cryptocurrencies, but a good understanding of the economy, especially how to convert the earned income into investment income, the speed of transferring that income will turn you into financial freedom faster.

Bitcoin is a simple example of how to convert earned income into investment and then reinvestment to ensure more financial liquidity.

[Jawhead999]

Do the opposite from people doings

When the market goes down, it's the right time to buy and when the market goes up, it's the right time to hold or sell. I know this method wouldn't work at all time, but mostly it works based on my experience. Many people aren't learn and knowing about the market condition, most of them only buys when it's reached ATH on FOMOed.

"Money is not everything, but everything needs money" that's why we should know how to get and manage money, to earn maximum amount money. Just like get a job in real life and set aside of the wages to buy Bitcoin or any investment you interested/mastered.

[acquafredda]

In fact, investing my time to gain proper knowledge around bitcoin has been my best investment so far. Without that knowledge I would have never been able to work for bitcoin and earn them. I am very far from financial freedom, but I have set my plan and hopefully I can gain that soon. Of course, if any crypto friendly jurisdiction may arise and welcome bitcoiners that would be a place to consider.

[SirLancelot]

Maybe you are right from your point of view. But my point of view is little bit different from you i believe you won't get success if you give up.

These things were true around 100 years ago but now things have changed and hardwork is not enough and sometimes not even needed and is replaced by smart work instead. I have seen guys struggle with something for years while smart guys will switch very quickly.

You can work as hard as you want to try and teach a monkey how to swim but you won't succeed instead if you are smart you will realize that it ain't going to work and its about finding fish. Similarly you cannot teach a fish to climb trees no matter how hard you work towards it while a monkey doesn't need to be taught.

Hard work is overrated I would say and smart work is underrated. The richest people now are not who work 24 hours instead who work 2-4 hours but smartly.

[Gozie51]

What about people who don't have knowledge but they have financial freedom. I think luck also can give someone such. For the knowledge some people are educated with knowledge but they are still poor no matter how they struggle for wealth. About crypto investment , it is difficult for many to know when to sell their hodling or keep hodling. Sometimes you sell but price keeps rising and you feel bad. Another time you are lucky after selling, price drops and you are happy, you see the luck ? Being rich isn't only about knowledge is the way I see about this.

[AicecreaME]

Knowledge alongside with wisdom is a vital tool we should possess to be able to succeed in life. Enough knowledge about a particular thing will be our advantage among other people in the same field we are planning to take. It's a must to equip ourselves with sufficient information, data, and strategies so that we can rise from the ground.

Financial freedom and success are what majority of us aspire to achieve. It is seldom hard for most people because of lack of knowledge and at the same time, skills. We must invest in ourselves because we are our very important asset. Despite having many equipment and strong built gadget, without proper knowledge on how to use it and how to utilize the resources that we have, it's all nothing. That's why it is a must to invest in books, seminars, trainings, and meetings regarding certain field we want to enter upon before going all out. Financial literacy is important in order to achieve financial freedom and success.

It's not a quick paced process. It will surely take time, effort, and money. Perseverance, determination, and confidence should be the top characteristics to achieve the success we have always wanted.

[kryptqnick]

I agree that basic knowledge of economy, money and what's going on in the world is important and useful for life. However, I don't think that the focus should be on getting rich while others are poor. Getting rich is not what Bitcoin is about, and I really don't want to be rich, especially if everyone around me is suffering. But as for just living a normal decent life, it is desirable and knowing the basics about money is helpful with that. However, it also depends on the circumstances, so it's not like you'll automatically become wealthy if you study this stuff.

[tbone777]

Thats why we need better education in the school in the world. Only smart people can create incredible things to push world forward

[sapnu]

Knowledge is indeed power, not only that, knowledge is also a bridge to success and wealth when used strategically. As you can see, some people are already blessed with wealth ever since they are born but not all of them stay rich for long because of their lack of knowledge on how they should manage their finance. Some came from being poor to being rich just because of being smart and wise with their decisions. We should never underestimate those people who has lots of knowledge, some may appear nerdy but at the end, they're the most powerful person you'll ever meet.