How can we improve our country's economy by on culture or ecosystem?

[Compromise me]

In this post I will explain how adding certain factors to our culture can improve our country's economy. Same important factor to consider is the lack of awareness and education both technical and fundamental.

First point: Financial Education

• Making money
• Money management
• Growing money

There is a problem in the ecosystem or culture in Asian countries where children are taught to save their money while in European countries children are taught how to invest their money. This creates a complete culture shock.

For instance in our culture people tend to save their money by depositing it in fixed deposits (FD) where it will grow slowly over 10 years. Still if we educate people about investing in crypto trading or the stock market they can aim for higher returns in a month three months, or even a year. This change in culture will have a significant impact.

It's  important to note that the problem is not stress but rather mental health. People lack awareness and are afraid of taking risks which leads to the perception of stress. Stress occurs when people blindly follow tips or calls for trading which sets a fear in their minds making them believe that trading should be avoided altogether.

To tackle this issue we need to focus on the fundamentals of trading.
Fundamental analysisinvolves assessing various factors such as the company

• Management
• Environment
• market
• Team
• Leadership

Additionally,  Technical analysis which uses

• Charts
• Graphs

 
Technical analysis has become superior to fundamental analysis. Companies that were once prominent may no longer hold their value in the market.  For example Tesla which is only 10 years old has surpassed the value of  Ford, a company that has been around for 100 years. This shift in dynamics has made technical analysis a full-time profession.

Though anyone can perform technical analysis regardless of their profession. Whether you're a doctor, engineer, businessperson, or housewife, anyone can learn technical analysis. Trading involves  Two concepts:  fire and grid. If the market is going up, grid comes into play and if it's going down fire comes into play. Technical analysis helps in understanding these concepts but it's important to remember that trading is heavily influenced by psychology.  Success in any endeavor is 80% psychology and 20% skills.Emotional control is crucial as excessive emotions can lower your intelligence. Technical analysis helps systematize the entire trading process, reducing emotional influences.

NoteThese were the analysis points and factors that we can add to our culture to improve our economy. Please let me know if there are any mistakes or if you would like to add any ideas or analysis to it.

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[Synchronice]

There is a problem in the ecosystem or culture in Asian countries where children are taught to save their money while in European countries children are taught how to invest their money. This creates a complete culture shock.

It's not like that, it's in everyone's culture to save money, that is what you'll learn in every family but European economic model gives one financial stability to really make savings and invest in something because European person doesn't have to worry about healthcare and job safety.
So, even in Europe, it's completely up to you, whether you follow the advice "save money" or use European stability to invest money, no one teaches you what to do.

[Aanuoluwatofunmi]

There is a problem in the ecosystem or culture in Asian countries where children are taught to save their money while in European countries children are taught how to invest their money. This creates a complete culture shock.

It's not like that, it's in everyone's culture to save money, that is what you'll learn in every family but European economic model gives one financial stability to really make savings and invest in something because European person doesn't have to worry about healthcare and job safety.
So, even in Europe, it's completely up to you, whether you follow the advice "save money" or use European stability to invest money, no one teaches you what to do.

Let's not be swayed by the culture or traditions and begin to do things we think are appropriate for us to do especially in securing a brighter future for our own children, there are some economic policy or traditions to say that may not actually work in favour for us because those policies were being created out of different contexts from where we are approaching them from and making it application.

Regardless of the continents we fall under we all should know that investment is one of the best way to leave an asset or transfer wealth to our children and not holding down the money to loose value over time which may be affected by inflation and drop in rate, bitcoin is one of the profitable investment to always considers in this present generation for our children.

[bluebit25]

This is a big problem and the range of subjects is also very diverse, as each different country has different characteristics or development conditions. The enhancement of education and training is the core issue. In order to develop the economy, it is necessary to have skilled and skilled human resources to meet the needs of the market. Education and training is one of the effective ways to meet this need and will help improve the culture. Then I want to look at the potential problems of existing countries, such as environmental issues, natural resources, etc. to be able to build development directions according to the strengths of each country family. These ideas can help improve a nation's economy through culture or ecology. However, to be successful, coordination between stakeholders and long-term commitment is required.

[Peanutswar]

This could be ideal to educate people but until when people want to improve the economy but some of the lower ground status doesn't have power some of the parts in the government are overpowering their positions and status so they keep giving under the table transaction just to be part of those particular community and manage those as long as they can some of the generations passes through with their clan so the under their management can't do anything. It depends on that country if can be used we have different ways of ruling like a dictator or being open to the peoples suggestion and the people has the power and not the leader only itself. This changes can be applied if the people itself know what they need to do and who are the capable to control and make their place as safe.

[khiholangkang]

In other words education must be evenly distributed to every corner, so that the education standards become high, the things you are trying to explain can be input into the education curriculum but must be divided into several department criteria, because it is not focused on financial development. If all understands investment, then who executes the financial rounds at the grassroots, in improving the country's economy is not only fixated on the financial world, but the world of work must also be considered as a means of turnover of money, that is if you talk on a state scale.

[glendall]

There is a problem in the ecosystem or culture in Asian countries where children are taught to save their money while in European countries children are taught how to invest their money. This creates a complete culture shock.

It's not like that, it's in everyone's culture to save money, that is what you'll learn in every family but European economic model gives one financial stability to really make savings and invest in something because European person doesn't have to worry about healthcare and job safety.
So, even in Europe, it's completely up to you, whether you follow the advice "save money" or use European stability to invest money, no one teaches you what to do.

because basically the customs of one country are different,
between saving and investing I think has the same meaning as the purpose of saving assets for the future
it makes no difference only the mention of the name and where the word is used
educating children to always save is a positive thing and will be passed down from generation to generation by the general public

[kaseygriffin]

In order to promote the economy, it is really important to have access to and raise the standard of education. By providing quality education to everyone, it provides an opportunity for everyone to acquire the knowledge and skills needed to contribute to the economy. On the other hand, it integrates financial literacy and business skills into the educational system, equipping them with the tools to effectively understand and navigate the world of finance. However, being savvy about investing isn't limited to doing grassroots financing rounds. Therefore, continue to make informed financial decisions, manage one's finances, and participate in economic activities such as investing.

[coupable]

I think it is easy to enumerate the elements that are lacking in the culture of a particular people and to determine their potential effects on the environment and the economy. However, it is important to note the ways in which collective culture is formed, since any people necessarily consists of different components that are combined by the culture that has been formed over generations. Religious culture, the mode of production, the extent to which art is affected, and many other elements (it is difficult to enumerate) that constitute the collective agitation of any society. It is noted that the possibility of change is never easy in those cultural elements because change takes a long time to take place.
Establishing legislation to change the collective culture can only be done through the education sector in the early stages of study, which will also take a long time, since coaches must be trained before activating these legislations.

[zanezane]

So you are saying that financial education and awareness are important for improving the economy. In some cultures, people prioritize saving money, while in others, they focus on investing. Promoting a balanced approach can have a positive impact. It's crucial to provide education about investing in areas like the stock market and crypto trading, but also emphasize the risks involved. Understanding both fundamental and technical analysis is valuable, as they serve different purposes in investment decision-making. Emotional control is essential in trading, and it can be developed through education and practice. Overall, a comprehensive approach that considers cultural differences, risk management, and psychological factors is necessary for economic improvement.

[Dickiy]

NoteThese were the analysis points and factors that we can add to our culture to improve our economy. Please let me know if there are any mistakes or if you would like to add any ideas or analysis to it.

What is called culture, of course, what comes to my mind is hereditary habits passed down from generation to generation. As for what is related to your discussion, this is more about how to survive and balance it with the global market economy. Meanwhile, the cultural fabric of each country is still much smaller than the culture as a whole. Placement of sentences that are more in line with the habits of certain individuals or groups.

Every country has life principles or habits that are in accordance with their respective customs. In Europe, maybe the culture of managing finances can invest in big companies, with various environmental influences. Meanwhile, in Asia, most of them tend to focus on growth because as a developing country, their educational goals will be different from those of developed countries.

So it will be very difficult if it has to be equated with a principle that only applies in one particular country but is not necessarily suitable for implementation in other countries.

[Dr.Bitcoin_Strange]

.

First point: Financial Education

• Making money
• Money management
• Growing money

There is a problem in the ecosystem or culture in Asian countries where children are taught to save their money while in European countries children are taught how to invest their money. This creates a complete culture shock.

Well, about that, right from the primary level in school, pupils are taught "Home Economics," where they learn about  financial management, home management, office, and many other important things that can help in their lives to creat an impact in the society they found themselves in the future. Also, I know there was this class I had in my primary school, which I don't usually forget. The topic was "budgeting," which entails the importance of budgeting and many things about budgeting. It always tips me in mind any time I get stranded about money that budgeting is what can only save my ass. Also at the secondary level, students learned about "economics." Still, there was a lot of life-helpful education in those subjects that were taught then. Teaching us those subjects then was really not for formality's sake or for some unjust purpose, but for the purpose of growing our future as well. But people learn and take it for a joke; some learn and don't practice, rather feeling less concerned. According to the philosophy of life, "a lot of the problems man is facing are caused by himself." I know that most people in society were not able to go to a university, so I can say they did not learn most of those things, but there was enough knowledge gotten from primary and secondary levels in school, just that some people think it was not necessarily. In some situations, only one can help himself or herself.

[tabas]

While it's right that different cultures and values is depending on the region where we're living. Those countries that has embedded the teachings about financial matters during their times in school days have always been remembered. And to those that doesn't have it learns it as they grow old. Good thing to those that discovers how to be good at handling their finances while it's bad for those that can't. Like what I've always been seeing from these literate people in finances, it's not how much you're earning but it's how much you're saving. On the other hand, it's also how much you're able to take risk and how much you're able to invest. There are people that are for investments and there are people that want to take it easy by just simply saving.

[Fiatless]

NoteThese were the analysis points and factors that we can add to our culture to improve our economy. Please let me know if there are any mistakes or if you would like to add any ideas or analysis to it.

Some of your points are valid, especially in teaching people about investing and not just saving. This investment education is very important because of the high inflation rate that has led to a consistent decrease in the value of most currencies. Money kept in the bank will gradually lose value and become worthless.

But I want to state that everybody must not be a crypto or forex trader to succeed. Students should be taught financial education so that they can be able to manage their income and if possible invest it in some profitable areas. Some might want to start up a business, while others may decide to invest in real estate and some might have an interest in the crypto space. Let everyone have the opportunity of choosing the investment platform he has an interest in.

You also mentioned that people can make money from the crypto industry in three months. This is possible but making such an assertion can make people see the crypto space as a get-rich-quick industry which might propel them to invest in shitcoins and other scam schemes. People need to be given a balanced cryptocurrency education and not just about telling them to invest and make money immediately. The pros and cons of investing in the sector should be discussed and people should be given a chance to decide if they are interested or not.

[libert19]

There is a problem in the ecosystem or culture in Asian countries where children are taught to save their money while in European countries children are taught how to invest their money. This creates a complete culture shock.

I don't know truth of the statement, but if I were to remark considering it to be true, these 'saving' in Asia and 'investing' in EU could be attributed to education because EU contains developed nations whereas Asia developing ones. It's fact that saving devalues money whereas investing does not, and this knowledge doesn't come without financial education.

[rat03gopoh]

The basic questions are:

• is the trading or investment profession part of the culture or ecosystem?
• Do lower-income groups in developing countries have reasons to invest?

Looks like your solution is coming from too narrow a perspective.

The only way to improve the country's economy is to improve the quality of its human resources, and actually that is also the responsibility of each individual rather than only being borne by government programs and infrastructure.

[Ayers]

There is a problem in the ecosystem or culture in Asian countries where children are taught to save their money while in European countries children are taught how to invest their money. This creates a complete culture shock.

It's not like that, it's in everyone's culture to save money, that is what you'll learn in every family but European economic model gives one financial stability to really make savings and invest in something because European person doesn't have to worry about healthcare and job safety.
So, even in Europe, it's completely up to you, whether you follow the advice "save money" or use European stability to invest money, no one teaches you what to do.

because basically the customs of one country are different,
between saving and investing I think has the same meaning as the purpose of saving assets for the future
it makes no difference only the mention of the name and where the word is used
educating children to always save is a positive thing and will be passed down from generation to generation by the general public

I don't know where OP got this concept. But it is not possible to say that all Asian countries teach their children to save and European countries teach their children to invest.
You are right, it depends on the customs of each country and the economic situation of each family. Many families live in a situation where they don't even have enough to eat every day, advising them to invest is crap advice, saving is what they need. While many families have a better life and want more income, investing is the right advice for them. And in my opinion, between saving and investing, I still think that saving should be prioritized and more important.

[Compromise me]

I don't know truth of the statement, but if I were to remark considering it to be true, these 'saving' in Asia and 'investing' in EU could be attributed to education because EU contains developed nations whereas Asia developing ones. It's fact that saving devalues money whereas investing does not, and this knowledge doesn't come without financial education.

Saving causes money to lose value which is primarely brought on by illiteracy. Teaching these concepts in stages while students are still in school may have positive effects on future outcomes

[bestcoins1]

Saving causes money to lose value which is primarely brought on by illiteracy. Teaching these concepts in stages while students are still in school may have positive effects on future outcomes

If you start to think about losing the value of money saved and stored for a long time, that means you need to look at other assets as your savings for the future as a substitute for saving money. But at any given moment you have to be able to generate money so you can buy other assets that are unlikely to lose their value and will always have value in society.

And in this case I will also give a few examples for assets that may not lose value in the future, those assets are land that is located close enough to an environment where there are more people living there to live a decent life, as well as gold which is still a precious metal in the eyes of the public so that the demand for it is still there and does not decrease every year. These two things can be good savings for the future even though both have to be obtained with money.

[molsewid]

This could be ideal to educate people but until when people want to improve the economy but some of the lower ground status doesn't have power some of the parts in the government are overpowering their positions and status so they keep giving under the table transaction just to be part of those particular community and manage those as long as they can some of the generations passes through with their clan so the under their management can't do anything. It depends on that country if can be used we have different ways of ruling like a dictator or being open to the peoples suggestion and the people has the power and not the leader only itself. This changes can be applied if the people itself know what they need to do and who are the capable to control and make their place as safe.

In our case, we are in a 3rd world country no matter how hardworking you are still you need to work around 2 to 3 jobs so that you can feed and supply your family needs in this kind of inflation. Yes it will be very helpful if financial literacy will be teach in schools but in a reality if a country doesn't have enough resources and plan that will help people it cannot be done so easily. Improving economy of a country literally involve the government with a good plan and strategy on everything.