Growing Money is Knowledge

[Famous Grouse]

I learnt recently that if you know the purpose of something and pursue it, excellence is inevitable.That's why couldn't see this alone because what is this wisdom?
👇
Making Money is action.
Keeping Money is behavior.
Growing Money is Knowledge.

[Jackl87]

You shouldn't be keeping money it's a bad behaviour, the difference between a rich personnel and a poor person is rich people don't keep their money in the bank or at home, they use their money in various part of good investments, rich people don't have money at hand that's why they don't lend money to anyone, it's always invested 24/7.

I don't think i fully agree with your statement. Of course at the moment with the very high inflation the money that we have on the bank account basically loses a little bit of value each and every day that we let it sitting their idle. That being said i think you should always have a certain amount of wealth as FIAT available on the bank for emergencies because you can just never know what happens in the future. So to say "don't keep your money in the bank, invest it instead" is a very risky advice in my opinion. Of course if you have money that you can afford to lose then you can or should use it for an investment instead of just letting it sit on the bank, but you should never do that with money that you can not afford to lose.

[dwminer1]

You shouldn't be keeping money it's a bad behaviour, the difference between a rich personnel and a poor person is rich people don't keep their money in the bank or at home, they use their money in various part of good investments, rich people don't have money at hand that's why they don't lend money to anyone, it's always invested 24/7.

I don't think i fully agree with your statement. Of course at the moment with the very high inflation the money that we have on the bank account basically loses a little bit of value each and every day that we let it sitting their idle. That being said i think you should always have a certain amount of wealth as FIAT available on the bank for emergencies because you can just never know what happens in the future. So to say "don't keep your money in the bank, invest it instead" is a very risky advice in my opinion. Of course if you have money that you can afford to lose then you can or should use it for an investment instead of just letting it sit on the bank, but you should never do that with money that you can not afford to lose.

Very wise comment and I must admit that I personally follow similar rules when investing. In the bank I keep the equivalent of 3-4 months' salaries, so that in the event of unexpected problems at work to have security in cash and I invest everything more than that. It is important to remember to diversify your investments. I definitely do not recommend investing all your funds in something as volatile as cryptocurrencies.

[btc_angela]

Maybe what you mean is investing our money to grow? Yeah, if I could have this knowledge when I was still very young, I could have made money already.

Nevertheless, it's a long arduous process for the money of us. Because when we are young, we really don't know how to make the right decision. And what you have mentioned could be just learn thru hard experience. So I guess my advise for the young out there is just to really find something that they will like to invest, like crypto, stocks, bonds and anything that will grow their money overtime.

[uchegod-21]

You shouldn't be keeping money it's a bad behaviour, the difference between a rich personnel and a poor person is rich people don't keep their money in the bank or at home, they use their money in various part of good investments, rich people don't have money at hand that's why they don't lend money to anyone, it's always invested 24/7.

I agree with you I also know that there is some kind of relief when you have savings where you can lay hands on in terms of emergency but this time around with the level of inflation and some kind of problems around the world I do not think that saving is a good option. The currencies of the world are collapsing day-in-day-out. If you save today in 2 years time your purchasing power will be reduced because of inflation that is why some persons will decide to invest their money. And the same way not all Investments are genuine even the cryptocurrency we are talking about most times it goes to bear and everybody will be crying tears.
Just save little and invest more.

[Baofeng]

I learnt recently that if you know the purpose of something and pursue it, excellence is inevitable.That's why couldn't see this alone because what is this wisdom?
👇
Making Money is action.

Of course, if you have the knowledge but if you don't take actions then how can you grow your money. So we should take action, and whether we make the correct decision or not, it's up to us to adjust.

Keeping Money is behavior.

Attitude, we need to be very positive that we can make our money grow continuously and have multiple sources. So we will not rest, we will go on and find other ways to make more money.

Growing Money is Knowledge.

And as we mature and gain knowledge and wisdom, then we should execute it with perfection.

I don't think that keeping money is a bad behavior too, what is not good is that you enslaved yourself with money that it become your focus. Look at how the billionaires are, they have money and yet they go on sharing and become philanthropic.

So you just have to balance everything in life, you will have a good life and your family if you have good source of money flowing.

And the best thing is that we have crypto now that will have us that opportunity.

[Russlenat]

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.

For some people who have no ideas about investing, keeping money is the safest thing to do because they think that will ensure their future. But that is not the case right now as everything you have saved might be insignificant in the future as their value will keep on depreciating due to high inflation. To avoid it from happening, never focus on saving alone this time as investing a portion of it will give you secured profits in the future. As long as you are only investing in good and reliable projects, your money will keep on growing as well as you also gained consistent knowledge out from your investments.

[KaliLinux]

You shouldn't be keeping money it's a bad behaviour, the difference between a rich personnel and a poor person is rich people don't keep their money in the bank or at home, they use their money in various part of good investments, rich people don't have money at hand that's why they don't lend money to anyone, it's always invested 24/7.

Money making more Money  Some people thinks it is the amount of cash you are holding in the bank accounts that determine how rich you are. Your money should be invested so that you are earning more. It is your Investments put together that actually determines how much you are worth, not your money in the Bank, which could be depleted by Inflation anyway.

[Dickiy]

You shouldn't be keeping money it's a bad behaviour, the difference between a rich personnel and a poor person is rich people don't keep their money in the bank or at home, they use their money in various part of good investments, rich people don't have money at hand that's why they don't lend money to anyone, it's always invested 24/7.

I think saving some money is important for some needs every month, of course, we also need money that can be disbursed quickly because we don't know what will happen in our family. because we can not fully control what will happen in life such as accidents, illness, and so on. therefore saving is also important to me.
and we also need to save money in the form of value which gives us an advantage like investing in stocks, gold or any other commodity free market, and i suggest storing value in bitcoin as i do even though its not much but i do it every end of the month.

[maydna]

Don't forget to learn to make money because by learning that, you can have the opportunity to make money. It may not be as fast as you think to make money, but if you do it consistently, sooner or later, you will start making money sooner or later. And if you can keep learning and trying, it will give you a bigger chance to make money.

If you want to grow your money, you can use investments where you expect to make a decent return over time. But you have to be careful in choosing the type of investment because there are so many types.

[YellowSwap]

A penny saved is still a freaking penny, banks can't give 2% on your savings per day but crypto could, it's true that crypto is highly volatile but no risk no reward, anyone that takes risks with their money are going to grow anyways, it's also good to have some FIAT around just in case but for me I only have 5% Fiat at hand and the rest are invested, even right now my money is growing higher. No risk No reward.

[kamvreto]

~snip~If you want to grow your money, you can use investments where you expect to make a decent return over time. But you have to be careful in choosing the type of investment because there are so many types.

Investing is a good way to grow money. Like trading crypto or buying bitcoin now and holding it for the long term, it is an investment that will be profitable. But keep in mind that any investment has risks and each risk will result in different kinds of losses depending on the type of investment. and the type of investment is indeed very much not only crypto. Growing money with the right knowledge or knowledge will provide many benefits, but also keep in mind that growing money will not always be profitable, there will be some obstacles that can occur. requires sufficient vigilance and knowledge.

[gunhell16]

I learnt recently that if you know the purpose of something and pursue it, excellence is inevitable.That's why couldn't see this alone because what is this wisdom?
👇
Making Money is action.
Keeping Money is behavior.
Growing Money is Knowledge.

In this day and age if we don't act or find a way to make money it is unlikely that we will have money.
Now, saving money is a good habit of a person, so that whatever happens when we need something unexpected, we have something to be able to source. But of course, we can only save money if you are an employee or have a business.

Now, when it comes to money growth, I can think of two things here, our money can grow in good ways and bad ways. And most people here in the community of this forum knows this thing too of course. So I agreed that growing money is a piece of knowledge. Because knowledge can be used for good or bad intentions by the indibiduals.

[Tony116]

You shouldn't be keeping money it's a bad behaviour, the difference between a rich personnel and a poor person is rich people don't keep their money in the bank or at home, they use their money in various part of good investments, rich people don't have money at hand that's why they don't lend money to anyone, it's always invested 24/7.

Are you a rich person?, why do you know their actions? I disagree with you on this, in our life there are always surprises so always have a savings account just in case. Investment is not always profitable, if you put all your money into investing but unfortunately your investments do not bring the desired returns and losses, what will you do next? investment is necessary for a better life, but all must be put in one basket. You must know how to allocate investments as well as always have a savings to make life smoother.

[uneng]

Instead of growing money, grow patrimony, because money loses value within time. Some people worry too much about saving money and accumulating maximum as possible during decades of their lives, so after all those years they finally decide to do something with the money. However, they don't open their eyes to the fact there is a constant devaluation impacting the savings each new day. If they used this money for investments instead of saving, after decades financial results would be much more impressive and rewarding.

[maydna]

~snip~If you want to grow your money, you can use investments where you expect to make a decent return over time. But you have to be careful in choosing the type of investment because there are so many types.

Investing is a good way to grow money. Like trading crypto or buying bitcoin now and holding it for the long term, it is an investment that will be profitable. But keep in mind that any investment has risks and each risk will result in different kinds of losses depending on the type of investment. and the type of investment is indeed very much not only crypto. Growing money with the right knowledge or knowledge will provide many benefits, but also keep in mind that growing money will not always be profitable, there will be some obstacles that can occur. requires sufficient vigilance and knowledge.

Investing is a good way to grow money, but if we don't learn how to invest properly, we will not be able to grow money and will lose the investment money. This is what we have to realize, but unfortunately, people tend to choose investments only because of the invitation of others. They do not think about or seek more information to decide or choose their investment. That's what causes many of them to fail to make a profit in the future. And yes, every type of investment will certainly have risks, and they tend to be unprepared if the risk is not what they imagined. To anticipate this, they must be willing to learn by collecting more information to choose the right type of investment.

[fuguebtc]

Instead of growing money, grow patrimony, because money loses value within time. Some people worry too much about saving money and accumulating maximum as possible during decades of their lives, so after all those years they finally decide to do something with the money. However, they don't open their eyes to the fact there is a constant devaluation impacting the savings each new day. If they used this money for investments instead of saving, after decades financial results would be much more impressive and rewarding.

I only agree with part of your statement, it is true that keeping money by investing is better than saving but investing is not always profitable. The problem here is where you will invest to increase assets instead of saving, I think this is a problem for many savers because they have no investment experience and they don't take risks.

The second thing, saving is something everyone should do because life will always have unexpected incidents. Assuming you are currently investing all your money in bitcoin and you are in urgent need of money, where will you get the money to solve the problem, when the price of bitcoin goes down like it is? if you sell bitcoin in a bear market, your loss will be greater than the devaluation of fiat.

[trendcoin]

Making and growing money in the financial markets is really not an easy thing... It is necessary to acquire at least entry-level knowledge of financial literacy. Otherwise, it is not easy to make money or it is very easy to lose money earned... Thanks to Bitcoin, I made more comprehensive readings about the economy and improved myself compared to the period before I knew Bitcoin. I still haven't quite reached my goals, but now I feel like my ammo is more full and I'm more ready for new battles.

[Dickiy]

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.

[RealMalatesta]

Investing is a good way to grow money, but if we don't learn how to invest properly, we will not be able to grow money and will lose the investment money. This is what we have to realize, but unfortunately, people tend to choose investments only because of the invitation of others. They do not think about or seek more information to decide or choose their investment. That's what causes many of them to fail to make a profit in the future. And yes, every type of investment will certainly have risks, and they tend to be unprepared if the risk is not what they imagined. To anticipate this, they must be willing to learn by collecting more information to choose the right type of investment.

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.