5 keys to wealth creation in the crypto space

[Spaceman1000$]

• saving and investing: many of us know this one but we no dey do am. This one na to keep small of your income aside for future use no be to chop all , and then investing na to put some of you income into some thing way go make that money increase value over time. save at least 10% of your income and invest like 20%, you go surely see changes, and then the second one na

The good thing be say anyhow wey you dey take create wealth before for the real world, you fit still use am create wealth for the crypto industry because say crypto na just another currency like fiats too but e come get better advantage pass fiats dem because of some features wey Bitcoin carry. Saving and investing na one of the OG ways of raising capital to take invest and with crypto you no need dey do two things again, you fit just dey save for Bitcoin and already you dun dey invest be dat. As you dey commot your percentages from saving, just put am for Bitcoin and you're set for life because na you go benefit am at the end of the day.

• financial literacy: This one dey very important , make we tell ourselves the Truth, to get am clear for this industry, we really need to understand  how money dey work , how to make am, how to manage am, and how  to invest am. If you know this things e go really help your finance. And take you to the next level.

U no really need financial literacy to make am for this industry but you need am if you wan get a head start ahead of your peers because no form of education is a waste/scam as people dey talk. A time will come when that education that you got go help you. This industry na new industry so no too dey believe person wey dey tell you say him be expert for here because na try your luck many people dey do here. That person wey dey tell you say him fit tell you coin wey go do well or not from his knowledge, if you put head for ground you go fit make money pass am. The education that are helpful here are those gotten from the general financial literacy wey you dey get for other businesses or investment. Just understanding how to buy, sell and store your Bitcoin for your non constodial wallet dun dey enough to make am for the industry.

@cryptopreneurBrainBoss na true you dey talk, na the way the OP take put the headline and the body of the message dey confuse most people. The financial Ideas on how to create wealth and diversify your source of income, na general method to create and sustain wealth. However most people dey say for inside cryptocurrency, methods dey for ground way you fit apply to help you create wealth, which some persons too don list them out like, staking, mining, day to day buying and selling of cryptocurrency etc, which is all encapsulated in the crypto space, way most people expect say him go also include to help elaborate him idea.

Financial literacy na good aspects, but most times e dey come with so much sacrifice, you go need to deprive yourself of so much distractions in a pursuit of a goal, na this aspect gongon dey hard for a lot of people to implement, because it's not well talked about.

[Obim34]

Nicely outlined, all these listed are primarily the actual concept to follow, as we likely know life adheres to certain processes that should not be skipped unless we face repercussions. If I am to outline these 5 keys accordingly to preference, I would put Education and continuous learning as the first, as long no man is a bag of knowledge, we ought to crave to learning new things along the line it may be of good help, no knowledge learned is a waste.

Secondly, Financial literacy, when knowledge is acquired not just on educational sectors but in diverse aspects it helps eradicate wrong decisions making and mismanagement.

Thirdly, Strategic planning and goal setting, I believe this terms has been commonly used, he who fails to plan has already plan to fail. One thing is to plan and the other is to strictly adhere to the stated planning to achieve the actual goal.

These are the actual and most important before any follows, it is best we follow these patterns listed for a better outcome.

[Inior]

Nicely outlined, all these listed are primarily the actual concept to follow, as we likely know life adheres to certain processes that should not be skipped unless we face repercussions. If I am to outline these 5 keys accordingly to preference, I would put Education and continuous learning as the first, as long no man is a bag of knowledge, we ought to crave to learning new things along the line it may be of good help, no knowledge learned is a waste.

Secondly, Financial literacy, when knowledge is acquired not just on educational sectors but in diverse aspects it helps eradicate wrong decisions making and mismanagement.

Thirdly, Strategic planning and goal setting, I believe this terms has been commonly used, he who fails to plan has already plan to fail. One thing is to plan and the other is to strictly adhere to the stated planning to achieve the actual goal.

These are the actual and most important before any follows, it is best we follow these patterns listed for a better outcome.

Thanks allot for the wonderful insights you shared, your preference to the 5 keys i outlined is valid, I never thought of it in this manner. Like they say "knowledge is power", so education is very very important, though some people are of the opinion that one can actually make wealth without education and I think it could be possible, but will be limited to your level of knowledge,  because what ever wealth one could have accumulated is as a result of what the person have learned.

[Miles2006]

From the start crypto space need proper learning make you dey sure wetin you dey do or wetin you don arrange your mind to investment, investment no too require stress unlike trade but as op talk am money go definitely dey in order to archive the goal. Aside investment person need work wey fit sustain the investment for long term, from my opinion the most valuable advice I pick out na Knowledge. Knowledge is important cause when you know wetin you dey do person no fit deceive you like the crypto scam we hear, people can decide to fall cause when they hear money things don change so money and knowledge dey work together. Sometimes if you ask for reasons why someone will fall into the hands of scammers you go see say na money cause am, planning and goal setting, everyone wey dey into crypto get target with planning terms. The advice dey valid

[Fiasem20]

• saving and investing: many of us know this one but we no dey do am. This one na to keep small of your income aside for future use no be to chop all , and then investing na to put some of you income into some thing way go make that money increase value over time. save at least 10% of your income and invest like 20%, you go surely see changes

Saving & investing dey important for a new turn around financially.Some people get the belief say na only huge amount of money dem dey save but notwithstanding oyibo man say there is nothing too big and there is nothing too small,from your income just commot like 10% for saving like the Op said and investing it is always said in the crypto space to invest on reliable coins like Bitcoin.

• Education and continuous learning: this one dey very important because na this one go keep you up to date , this one na to dey continuously  gather knowledge and skills way go fit help you get more money.

Dis one sef na important key to wealth in the crypto space.Everyday we dey learn new things for this forum on crypto most especially we the newbies.Continous learning go help well well to enhance our knowledge on crypto.

[Makus]

Good morning my fellow Nigerians, from my little experience for this industry I fit boldly tell you say if you no follow this principles e go hard you to make am for this industry. Nine make I say make i put down the  5 major keys way person need to make am for this  crypto space. The first one na

• saving and investing: many of us know this one but we no dey do am. This one na to keep small of your income aside for future use no be to chop all , and then investing na to put some of you income into some thing way go make that money increase value over time. save at least 10% of your income and invest like 20%, you go surely see changes, and then the second one na

• Education and continuous learning: this one dey very important because na this one go keep you up to date , this one na to dey continuously  gather knowledge and skills way go fit help you get more money.Then The third key na

 • entrepreneurship: Most of us  know This one too , this one na to start and run your own business , so that you fit get other streams of income. So you no go dey depend on only one. the  fourth key na  

• strategic planning and goal setting: This one na matter of setting clear financial goals and to create  plans way go fit help you  to achieve them. And the last one na

 • financial literacy: This one dey very important , make we tell ourselves the Truth, to get am clear for this industry, we really need to understand  how money dey work , how to make am, how to manage am, and how  to invest am. If you know this things e go really help your finance. And take you to the next level.

Op well done, I like the subheadings dem wey you create because, Na dem be the main Koko for person wey wan really start to invest for Bitcoin. the one wey I like pass Naim the education and continuous learning. dem say learning never ends and that Na true fact, even at old age we can still learn.

[Agbamoni]

• financial literacy: This one dey very important , make we tell ourselves the Truth, to get am clear for this industry, we really need to understand  how money dey work , how to make am, how to manage am, and how  to invest am. If you know this things e go really help your finance. And take you to the next level.

Na dis financial literacy part na him catch my attention the most. This na because say if we achieve all our goals, invest or start business then money start to they enter. Without the knowledge of how to use or spend money person fit go back to square one again. Ah done see am happen to people so many people and also me ah done be victim of this kind of situation. Na why ah wan take this part serious and also advise us make we no play with this advice. Affliction no suppose catch person the second times e good make we learn from experience and allow that thing repeat itself again for our life.

[Su-asa]

The major reason why many people in our country (including other countries) are seeing it like a very difficult thing to make it through crypto currencies is because they don't have a proper knowledge about crypto currency, one first mistakes many fellows make in the crypto space is when they take Bitcoin to be the same as shitcoins. Ones a person don't have a good knowledge of Bitcoin and while crypto currency they always made a lot of mistakes, and sometimes they send coins to the wrong address and wrong network, some waste coin on fees.

[sotelorene]

Op, all these things wey you yan like this for here na the koko. Anybody wey wan grow for crypto and en come forget or en no put all these things for mind e go worry the person well well ooo because if you no sabi save e no go easy oo. But some times ehn even when you get all these things for mind some kind things fit still sup wey go worry person growth na waiting make ehn, me I believe so much on grace because so many people things no dey go well for no be say they no dey try ooo but because they lack grace.