Financial freedom and success comes from knowledge

[MCobian]

Everyone has the opportunity to become rich, whether they have been born into a rich family. Or even people who come from the middle economic
class. Maybe those born to rich families find it easier to have financial freedom, because they already have inheritance and networking. But still
without having the knowledge to manage money, people from rich families can become poor. Therefore, knowledge is very important even for rich
people. Moreover, people are not born from rich families, must be more diligent in studying in order to have knowledge related to how money works.

[Twentyonepaylots]

Everyone has the opportunity to become rich, whether they have been born into a rich family. Or even people who come from the middle economic
class. Maybe those born to rich families find it easier to have financial freedom, because they already have inheritance and networking. But still
without having the knowledge to manage money, people from rich families can become poor. Therefore, knowledge is very important even for rich
people. Moreover, people are not born from rich families, must be more diligent in studying in order to have knowledge related to how money works.

Except you fail to consider those who live under the poverty sector, with no means to invest even if they did have the adequate knowledge since of course, they're going to focus more on their daily needs instead of trading,or setting up a business. They're going to eat tomorrow or today, not in the next 7 years.

[ven7net]

Yes, of course, financial freedom is what almost everyone wants. Yes, indeed, to get this freedom and the result, you need to have information. To obtain information, you need to spend a lot of time studying the news. All this is absolutely necessary for us in our time. However, perhaps this is a trap for each of us? You are probably right when you wrote at the end that the world is a scam. I myself have recently begun to notice that they are simply deceiving us. However, in order to survive in this world, we need to be able to adapt, which means we need information, knowledge to survive this time.

[Clement Kaliyar]

As you know clever people are always in demand. But usually they are not traders, they are cool IT-managers, economists, layers, surgeons, owners of huge corporations (last ones usually finish some cool universities like Harvard or Yale and inherit their family business). If they invest in crypto they do this just for fun and to be in trend. They really become famous and rich because of their knowledges.

Anyone in a good position will invest in other financial assets, if you are not having the time either you hire someone to look after your portfolio and they will update you about the market situation and you give the green signal according to their research whether it is switching the stocks or mutual funds or anything financial related about the assets you are holding.

To be successful in life all you need is common sense and you need to follow those right from your education and then getting a job and then building your career and everything follows.

[Hamphser]

Everyone has the opportunity to become rich, whether they have been born into a rich family. Or even people who come from the middle economic
class. Maybe those born to rich families find it easier to have financial freedom, because they already have inheritance and networking. But still
without having the knowledge to manage money, people from rich families can become poor. Therefore, knowledge is very important even for rich
people. Moreover, people are not born from rich families, must be more diligent in studying in order to have knowledge related to how money works.

Except you fail to consider those who live under the poverty sector, with no means to invest even if they did have the adequate knowledge since of course, they're going to focus more on their daily needs instead of trading,or setting up a business. They're going to eat tomorrow or today, not in the next 7 years.

Sad reality and this is one of the problems on why poverty cant really be resolved and as a global scale type of problem then this turns out to be a typical one with due to some inevitable situations

its just normal for them to prioritize on things that would really be able for them to sustain or able to survive on daily basis.Even if they do able to know it but still they do end up on missing out opportunities
due to financial problem.

You do have the knowledge but your capacity or capability will pull you down then its really the sad fact.

[Saisher]

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

Not all of us can do this, many just want to have a promotion in their job or looking for a better job, here in our country, people just dream to  work abroad for a greener pasture, setting up a business is still the best option because you will have control of your finances and your action, than having other people control your future and your plan.

[AndySt]

As you know clever people are always in demand. But usually they are not traders, they are cool IT-managers, economists, layers, surgeons, owners of huge corporations (last ones usually finish some cool universities like Harvard or Yale and inherit their family business). If they invest in crypto they do this just for fun and to be in trend. They really become famous and rich because of their knowledges.

Anyone in a good position will invest in other financial assets, if you are not having the time either you hire someone to look after your portfolio and they will update you about the market situation and you give the green signal according to their research whether it is switching the stocks or mutual funds or anything financial related about the assets you are holding.
To be successful in life all you need is common sense and you need to follow those right from your education and then getting a job and then building your career and everything follows.

Knowledge in any case is a prerequisite for success, another question is that you are required to have a different level of effort and knowledge, depending on what stage you start your ascent on the life ladder Knowledge is always necessary, but not everyone can have great talents to use the newly acquired knowledge with great success. And it is not for nothing that it is said that a lot of knowledge can mean a lot of sadness.

[jostorres]

As you know clever people are always in demand. But usually they are not traders, they are cool IT-managers, economists, layers, surgeons, owners of huge corporations (last ones usually finish some cool universities like Harvard or Yale and inherit their family business). If they invest in crypto they do this just for fun and to be in trend. They really become famous and rich because of their knowledges.

I think you wanted to say lawyers and I agree that most of the smart and knowledgeable people will be mostly hired by big companies under decent departments. But some who never cared for a job are there too like one example can be Satoshi himself because he might have easily got a high profile job and might even be the CEO of a big company given how much knowledge he had as he made complex blockchain look simple and gave the world this concept for the first time.

But he chose to actually work for the community and made something which not only gave him financial freedom but almost anyone who worked or was in the community that time, would have their lives changed. Once you work for something where you aren't thinking about money, the results surpass any expectations.

[newwest]

As you know clever people are always in demand. But usually they are not traders, they are cool IT-managers, economists, layers, surgeons, owners of huge corporations (last ones usually finish some cool universities like Harvard or Yale and inherit their family business). If they invest in crypto they do this just for fun and to be in trend. They really become famous and rich because of their knowledges.

Anyone in a good position will invest in other financial assets, if you are not having the time either you hire someone to look after your portfolio and they will update you about the market situation and you give the green signal according to their research whether it is switching the stocks or mutual funds or anything financial related about the assets you are holding.
To be successful in life all you need is common sense and you need to follow those right from your education and then getting a job and then building your career and everything follows.

Knowledge in any case is a prerequisite for success, another question is that you are required to have a different level of effort and knowledge, depending on what stage you start your ascent on the life ladder Knowledge is always necessary, but not everyone can have great talents to use the newly acquired knowledge with great success. And it is not for nothing that it is said that a lot of knowledge can mean a lot of sadness.

Knowledge is essential as it helps you to differential between the right and wrong type of investment. Just like consider in crypto, if you done your research and picked the right coins you end up making money, and in same case invested in any unknown coins you might just end up losing money though overall market might rising. So knowledge do play vital role and if have some backing of luck it becomes the best thing to happen.

[TheGreatPython]

Sad reality and this is one of the problems on why poverty cant really be resolved and as a global scale type of problem then this turns out to be a typical one with due to some inevitable situations

This can be solved only if the government in these depressing countries and states can change laws in such a manner that entrepreneurs are appreciated and given some kind of incentive to start their own business instead of everyone looking to just grab a job in a good company and never think of doing something of their own interest.

You do have the knowledge but your capacity or capability will pull you down then its really the sad fact.

Knowledge alone cannot do much and it also has to do with how much risk taking ability one has, I heard some stories where guys left their job and took big risks and they paid off. Its not that they had to take those risks, but they did, so it also depends on what faith one has in his abilities.

[Gozie51]

Knowledge alone cannot do much and it also has to do with how much risk taking ability one has, I heard some stories where guys left their job and took big risks and they paid off. Its not that they had to take those risks, but they did, so it also depends on what faith one has in his abilities.

That is the really discuss for knowledge is just what it is, it can't take you beyond that but wisdom and luck shape you. Knowledge is an idea and you need some things to add up to that knowledge to have success. Even your personal knowledge needs to be supported with others. You are not an island or nobody is an island to succeed.

[jrrsparkles]

Knowledge alone cannot do much and it also has to do with how much risk taking ability one has, I heard some stories where guys left their job and took big risks and they paid off. Its not that they had to take those risks, but they did, so it also depends on what faith one has in his abilities.

That is the really discuss for knowledge is just what it is, it can't take you beyond that but wisdom and luck shape you

Importantly luck too, many knowledgeable persons also failed because they did right things at the wrong time so they got rekt and got back to their 9 to 5 job or even completely ended their life after that.Financial freedom comes from the knowledge but that knowledge comes from lot of failures which is the missed part when someone read about success of the existing millionaires. Elon Musk can be the perfect example because he was struggling a lot when the had the vision of Electric cars but after the years of hard work it now paid off.

[conected]

Knowledge alone cannot do much and it also has to do with how much risk taking ability one has, I heard some stories where guys left their job and took big risks and they paid off. Its not that they had to take those risks, but they did, so it also depends on what faith one has in his abilities.

That is the really discuss for knowledge is just what it is, it can't take you beyond that but wisdom and luck shape you

Importantly luck too, many knowledgeable persons also failed because they did right things at the wrong time so they got rekt and got back to their 9 to 5 job or even completely ended their life after that.Financial freedom comes from the knowledge but that knowledge comes from lot of failures which is the missed part when someone read about success of the existing millionaires. Elon Musk can be the perfect example because he was struggling a lot when the had the vision of Electric cars but after the years of hard work it now paid off.

- Luck and knowledge should be the perfect couple to create financial freedom and success, without a part of both, our path to growth will be limited, separating ourselves from the end goal, an obvious fact that we can often see, people who have intelligence in school but just because of bad luck, they are cut off their careers. Besides these factors, we should also have persistence with the path we have chosen, no one succeeds immediately or succeeds in the first start-up, it all takes time and accumulation

[LUCKMCFLY]

As you know clever people are always in demand. But usually they are not traders, they are cool IT-managers, economists, layers, surgeons, owners of huge corporations (last ones usually finish some cool universities like Harvard or Yale and inherit their family business). If they invest in crypto they do this just for fun and to be in trend. They really become famous and rich because of their knowledges.

Robert Kiyosaki wrote in his books that we get what we learn. 

If we want to have a lot of money, we need to study finance.  Our wealth is our focus on financial management.  Every day you need to move in this direction.  Money is not a material object, therefore the laws of movement of money are not physical laws ...

Nevertheless, this is a very important thing for us.  Man is a social animal.  We all live in a society.  Money directly affects the quality of our life. 

I read books on financial management, taxation, economic analysis every day.

I´m a fan of Robert Kiyosaki, he is a great financial analyst, in fact all his advice is great, in his way of expressing himself he offers a lot of wisdom, he is not like those investors who only recommend insurance, stocks, the stock market, he believes in Bitcoin, not Warren Buffet, and every investor must be updated so as not to be left behind, they must have their thinking and their mind so open to changes, that the economy will at some point become fully digital. I think that financial freedom is easier to achieve with Blockchain technology and cryptocurrencies than in the traditional economy.

[paxmao]

knowledge is part of success, unless is just pure luck. However there is a lot related to being the right person, at the right time and in the right place. It is not a coincidence that Bill Gates, William Hewlett and David Packard and many other were at the right university (even if Bill was a drop-out) at the moment in which the right technologies were colluding into an immense opportunity.

Re tax optimisation, that works if you have no ties to a particular place.

[uelque]

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

I just don't like you word "miracle". No, it's not miracle, it's hard work.

And something is actually missing on your title, you need to put hardwork dude. Yes, let's say you have the knowledge about everything, money or crypto or anything, but you don't have that one little passion to work hard for your goal, then you are just a big brainy little boy wasting your time reading books for nothing.

Success and financial freedom can only be attain through hard work. You don't actually need a lot of knowledge to become successul. You don't need to have a degree, PhD or anything to become successful. You know what you need? you only need to work hard for your goal. Thats it!
It may be here in crypto, stock market or any thing that will give you wealth. You just need to work hard for it.

[el kaka22]

I used to believe that it would be something that would be impossible for me to do, numbers and charts and arrows and ups and downs it was all Chinese to me and I couldn't get it, I didn't think that I would ever have that kind of power. Now, I am in a situation where I can easily say that my profits are at a level where if I continue like this I will be able to retire in 10 years and will live a comfortable life after that. What did I do?

Well, it is actually simple but people rush things, first I found something I want to invest into, it had to be something profitable at a good level but not at a treasury bond level small income neither, I found that coin (well multiple coins) and I kept investing into them, just as I got my salary I put some in there, and I did this for years and now with the bull coming in the past 6 months I have made good income, did I sell? No, I keep buying because I want to buy for years before I sell them all and retire, if I am not retiring then I am not selling.

[iamsheikhadil]

Yes knowledge is everything, if you don’t have the knowledge there is no way you are going to be successful in what you’re doing. Is with sound knowledge that you will be able to figure out what’s going to work for you and then you do that and it will work.

Moreover, there are cases you will see a lot of people doing the same thing and only one of them is being successful, that’s because of knowledge, that one person knows what he or she is doing because they have the knowledge and have applied it the right way, so it works for them.

It is that simple and yet people do not see it but why? And I think this has to do with the fact there is a disconnection in the minds of some people about the nature of knowledge, most people see knowledge as the thing they acquire to pass a test and then forget everything they learned the day after, they do not see that the more knowledge you have the easier it is to accumulate even more knowledge and sooner or later that knowledge will bring you great advantages.

And this is even more true when it comes to managing your own money, letting your money sit in a bank while better than spending all your money and getting loans to spend money you do not even have is not optimal, you need to at least have enough knowledge to beat inflation otherwise you are wasting your time and money, and that skill can only be gotten by accumulating knowledge about the markets and that is a process that for the most part takes years.

I blame the schools a lot for these. They don't even teach the proper basics of banking and economy, and it's kind of weird that they teach about history and geography which will never one use in their lives like which king died when etc. They should include most basics of life in the curriculums so that when a student graduates, they don't stay a noob in the real world outside of the confinement of school buildings!

[tbone777]

For sure, knowledge is the most important factor. However, i still believe in luck in the stock market. Sometimes, it could create you really big profits

[FIFA worldcup]

For sure, knowledge is the most important factor. However, i still believe in luck in the stock market. Sometimes, it could create you really big profits

Countries and people cannot depend upon speculative things like stock market to earn money. I know there is a lot of potential in the stock market investment but the governments should focus on the education.

Its only the education which can make people aware and help them grow Financially.