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

[el kaka22]

In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.

It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.

[Uruhara]

If you only talk about the culture that exists in Asian countries related to teaching about finance, then what the OP said is true. and that goes for every individual. And indeed all of these are fundamental things that must be corrected before moving on to other big things in the financial world. Getting used to investing rather than saving is an important thing that can even bring drastic changes to one's finances. It's just that building awareness like this sometimes requires a process and quite a long time. Especially for generations who are afraid to adapt to increasingly advanced technology.

But when talking about the utilization of local culture. I am very proud of my country which has a wealth of local culture which has been utilized by the government to open up more tourism spots with all their uniqueness that bring foreign tourists into our country and spend a lot of money. Which makes our country's income higher from time to time.

[skarais]

In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.

It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.

Sounds very simple and easy, but in fact this case is very difficult to solve even though the government forms an extermination organization. The KPK (Corruption Eradication Commission) formed by the Indonesian government has not really been able to eradicate corruption in Indonesia so far.

Corruption does not only exist at the top level, but this case even exists at the bottom level. No doubt, the country's economy is always difficult and we can find officials and elites who have abundant wealth. In fact, I can say that corruption is a culture that is increasingly being adopted everywhere.

[Aanuoluwatofunmi]

As citizens of a noble patriotic community, we need to support the government through what they are doing for us, we gave to be supportive and encourage them to do more through the attitude we show in appreciating them, also, we need to develop our own self confidence and reliability in what we do, we are not expected to go by what comes our ways, we needed to be carried along in understanding the benefits of every development that comes our ways indirectly goes to the community as well.

[Wimex]

It seems to me an interesting analysis as well as enlightening, you highlight the importance of financial education as a crucial factor to improve the economy of a country... Certainly the lack of awareness and technical and fundamental education can limit the financial potential of people. Your focus on educating people on how to make money, manage it properly, and make it grow is essential to empowering people in their financial decisions

In second instance, this cultural disparity can have a significant impact on how people manage their money and pursue financial growth opportunities. Undoubtedly, promoting a more open mind towards investment and risk can be beneficial for the economy. That is why I highlight the comparison you make between the savings mentality in Asian countries and the investment culture in European countries. It's a widespread approach that could have a positive impact on how people manage their money and participate in investment opportunities.

[someone703]

In developing countries, having a background in entrepreneurship can really help solve local problems. Because direct income generation through a startup can help remove middlemen, who often make up the bulk of the profits, in the system.

There is clear evidence that building and succeeding with a business can improve a family's status in society. While financial literacy is important, without the financial resources to apply this knowledge, this is also limited.

[Bloodseekers]

In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.

It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.

Eradicating corruption is not an easy thing to do as many people have talked about because this has become a culture for those who have the power to commit corruption and this will be very detrimental to many people, but we need to prepare various strategies so that it can be carried out well for us teach it to the younger generation and if we don't have room for it we have to start first from a small scope such as teaching our families about the dangers of corruption so they can carry it out in their lives.

[dothebeats]

In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.

It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.

Eradicating corruption is not an easy thing to do as many people have talked about because this has become a culture for those who have the power to commit corruption and this will be very detrimental to many people, but we need to prepare various strategies so that it can be carried out well for us teach it to the younger generation and if we don't have room for it we have to start first from a small scope such as teaching our families about the dangers of corruption so they can carry it out in their lives.

Additionally, it is somehow already accepted by some, they have this mindset that for as long as the government officials are doing their job then they can pretend that corruption does not exist. But I do agree with you. It is up to us to start the move in teaching the effects of corruption to us and the whole country. It may not take effect as quickly as we want, teaching the younger ones about the effects and system of corruption will surely cause a wave of movement in the future that will affect the future of the next generation.

[Husires]

The root of the problem is how to get rid of the debt spiral and start saving extra money and then learn how to invest it. In my area, many friends all dream of buying things with debt, a new house, a new car, or a tourist trip that is paid in installments, and after several months the person is surprised that he owes a lot Of the obligations, even if the salary is delayed for one day, he will need to take a loan, and here the real problem begins.
Learning not to buy something you do not need is the beginning of correct financial thinking, including investing in bitcoin and all cryptocurrencies.

[slapper]

In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.

It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.

It would be amazing to have zero corruption, don't you think? As simple as that sounds, it's not. This is like to saying, "All we need is peace in the world, and everything will be okay." Even so, how can we really accomplish it?

The true difficulty lies in putting anti-corruption measures into practice, not in writing them. Concerning taxes, what about them? I would love to be able to purchase more cool items from my favorite online retailers if taxes were to drop. Nevertheless, you know, taxes pay for a lot of necessities. hospital, school, or road? Furthermore, those items won't simply pay for themselves if there is no corruption

Though there are still a lot of finer elements to work out, the overall concept is quite attractive. Activating the light switch and witnessing everything come to life is not the only complicated aspect of it

[Solosanz]

The root of the problem is how to get rid of the debt spiral and start saving extra money and then learn how to invest it. In my area, many friends all dream of buying things with debt, a new house, a new car, or a tourist trip that is paid in installments, and after several months the person is surprised that he owes a lot Of the obligations, even if the salary is delayed for one day, he will need to take a loan, and here the real problem begins.

Surely if your friends get a loan from bank, the bank will make money from your friends because they need to pay the loan with interest. Since the @OP talk about country's economy, your friends aren't entirely wrong because they help your country's economy.

Saving will not make the country's economy increase, consumption isn't bad as long as it used to buy local product, not the import product.

[CageMabok]

In developing countries, having a background in entrepreneurship can really help solve local problems. Because direct income generation through a startup can help remove middlemen, who often make up the bulk of the profits, in the system.

Entrepreneurship is not only suitable for local residents in a country, but also suitable for immigrants from other countries because in developing countries people's purchasing power is still very large and can continue to increase at certain moments. So it can clearly help solve life problems which often experience difficulties in terms of income and usually this is very often felt by small and medium-sized communities.

There is clear evidence that building and succeeding with a business can improve a family's status in society. While financial literacy is important, without the financial resources to apply this knowledge, this is also limited.

That's why doing business is very important for everyone because it can really help each person's family life. After all, the level of income can also be clearer when the business can sell in large numbers so that other people can also be motivated to rise by opening other businesses in the same place. Because countries with status that are still developing are still good enough to be used as business areas with more profit potential.

[yhiaali3]

As citizens of a noble patriotic community, we need to support the government through what they are doing for us, we gave to be supportive and encourage them to do more through the attitude we show in appreciating them, also, we need to develop our own self confidence and reliability in what we do, we are not expected to go by what comes our ways, we needed to be carried along in understanding the benefits of every development that comes our ways indirectly goes to the community as well.

Do not expect the government to support you. Yes, noble national governments should care about supporting citizens to contribute to building and developing their country, but the reality is unfortunately the opposite. Even if you give them a lot, do not expect support from them because politicians in all countries are corrupt and only care about power and filling their pockets with money.

Yes, they care about the voters at the time of the elections only to get their votes, but after that they only care about power and money.

Therefore, we must strive to develop ourselves by learning and acquiring the necessary skills, then starting our own business without waiting for support from governments. This is how we develop ourselves and our countries as well.

[Lorence.xD]

In reality fixing a nations economy is simple, it's not that hard, but people just don't want to do it. You need to cut down on the corruption, a lot less, probably zero if you could and then cut the taxes thanks to that, if you have no corruption then you do not need to do that much taxes. When all that tax is gone, everyone will have a lot more money and the nation will be richer and they will get to spend it and the economy will grow.

It's that simple, eradicate corruption and that means that you are going to end up with something that matters a lot. This should be the most important aspect of it and could be considered as the real key here, and that way it can improve a lot in the end when the time comes.

It would be amazing to have zero corruption, don't you think? As simple as that sounds, it's not. This is like to saying, "All we need is peace in the world, and everything will be okay." Even so, how can we really accomplish it?

The true difficulty lies in putting anti-corruption measures into practice, not in writing them. Concerning taxes, what about them? I would love to be able to purchase more cool items from my favorite online retailers if taxes were to drop. Nevertheless, you know, taxes pay for a lot of necessities. hospital, school, or road? Furthermore, those items won't simply pay for themselves if there is no corruption

Though there are still a lot of finer elements to work out, the overall concept is quite attractive. Activating the light switch and witnessing everything come to life is not the only complicated aspect of it

I don't know maybe if there's no corruption here in my country you won't see any children begging near the road. You could even see the government officials living in the comfort life with a mansion houses like where did they have the money to afford that right? Of course corruption.

Not only the taxes prices that are the thing but also almost any transactions here are included tax like some restaurant. If they don't take the fund of the taxes of the people maybe some kids are afford to go to school with some support from the government as well the scholarship. There's a lot of thing that the corruption have affect to people but they prefer to choose to live in comfort. If ever there's no corruption and still the country are worse maybe the citizen itself doesn't even cooperate for the better country, well there's no such thing as perfect.

[paxmao]

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.

Far too generic I am afraid. Many European countries do not have the culture of investing, they have the culture of saving and having for the rainy days stored under the bed. The investing culture is far stronger in US and in some countries such as the UK in which people usually have a bit more of an economic background and culture.

[19Nov16]

As citizens who care about the progress of the country, it is time for us to always know and play an active role in all government programs, for example is to increase the country's foreign exchange with culture, if our region has a unique culture, it is time to make a professional manager, we can ask Assistance or support from the local government, by actively providing promotions, tourists will come and local economic life will develop.

[icalical]

I live in one of the Asian country and I am very much agree and I can relate this with my experience, my parents weren't so educated and they are too busy working to teach me anything about money, I wish the school could teach me about money management, and I think there are many people facing similar issue. After I get my first job, working and earning money was easier for me than managing money, the only thing I know was saving money to my account, nothing about how much can I spend for entertainment, for food , etc. I only learn about those thing and other financial thing from the internet.

[romero121]

It is possible, but there should be an independent organisation to work on it. The growth of the country relies on the diverse in culture and the government's act of producing more opportunities. Whether it is inflow or outflow of money, proper reason behind the same won't be having much impact on the price of bitcoin and other cryptocurrencies.

[odunybiz]

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.

This article really opened my eyes. I never taught of it that culture can affect the economy but with the example above, I'm a bit convinced.

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.

Most people believe in fixed deposit than investment. This is because they never think of the importance of investment to their economy compare to when the money is fixed. And also just like the OP as early said, most culture teaches savings rather than investing.

[xSkylarx]

I live in one of the Asian country and I am very much agree and I can relate this with my experience, my parents weren't so educated and they are too busy working to teach me anything about money, I wish the school could teach me about money management, and I think there are many people facing similar issue. After I get my first job, working and earning money was easier for me than managing money, the only thing I know was saving money to my account, nothing about how much can I spend for entertainment, for food , etc. I only learn about those thing and other financial thing from the internet.

Most of us are the same; school doesn't teach us how to hustle and earn money; they just teach us what is written in the book and prepare us to find a job. There is no business or other financial stuff that was taught to us; we need to discover it on our own. We know that we can learn it from the internet, but it is still good if we can also learn or tackle the basics of it in school because that is really one of our goals in life.