Developing oneself economically.

[wmaurik]

...

Building yourself economically also requires a strong commitment, everything that is needed is based on a continuous process to achieve financial stability. To build oneself economically and achieve better financial stability also requires smart strategies and the courage to take risks.
Managing finances wisely and effectively is also something that needs to be considered so that you don't spend it on fulfilling desires such as buying branded goods to appear to live a luxurious life. Investing money wisely is also necessary, although everyone has different ways to increase wealth, investment is an option that cannot be ignored because it can indirectly increase wealth in the long term.

And people who invest also require high commitment and effort which is not easy to continue doing so in the long term. Because people who have professions such as investors must also have some discipline in order to keep their investments running smoothly and not be distracted by small things that do not benefit themselves. And one close example that we can immediately see in this case is discipline in the use of money so that the person can make more detailed spending arrangements in his life so that his own investment goals can be achieved one day.

[Dunamisx]

In business economy and our personal life, we can't afford to be without improving by consistently working on ourselves for better development, this has happened that in life, we discovered some have been left behind in what they do because of being stagnant in one place, if we don't improve to develop ourselves, others may chance us and take opportunities in what should have been a benefit for us.

[fruktik]

In business economy and our personal life, we can't afford to be without improving by consistently working on ourselves for better development, this has happened that in life, we discovered some have been left behind in what they do because of being stagnant in one place, if we don't improve to develop ourselves, others may chance us and take opportunities in what should have been a benefit for us.

It's hard to leave your comfort zone. For example, a job you've spent many years at. The salary isn't that great, but you've gotten used to the environment and have no desire to leave for a new one. This is why people stay in the same job for decades. Unfortunately, this is the majority of the world's population. Nothing can be done about it.

I, on the other hand, can't stay in one place for long. I constantly need a change of scenery. Gaining new knowledge in a specific field or changing my career altogether.

[Fakhrulenclix]

In business economy and our personal life, we can't afford to be without improving by consistently working on ourselves for better development, this has happened that in life, we discovered some have been left behind in what they do because of being stagnant in one place, if we don't improve to develop ourselves, others may chance us and take opportunities in what should have been a benefit for us.

It's hard to leave your comfort zone. For example, a job you've spent many years at. The salary isn't that great, but you've gotten used to the environment and have no desire to leave for a new one. This is why people stay in the same job for decades. Unfortunately, this is the majority of the world's population. Nothing can be done about it.

I, on the other hand, can't stay in one place for long. I constantly need a change of scenery. Gaining new knowledge in a specific field or changing my career altogether.

Some people are like that, with so much fear that they don't dare to step out of their comfort zone, which hinders economic growth. That's a mistake for those of us who have learned so much and know so much. We should be wiser in our decisions. I think the majority of the people you mentioned are people from the past, unlike those of today who have more developed thinking.

What you're doing is absolutely right. While we still have time and opportunity, we should do many things without any fear.

[justdimin]

What do you think? Is it beneficial for a government that is completely subservient to a single dictator to engage in financial education for the population? To take actions that will improve the financial situation of every person in the country? No, that's not true.

On the contrary, it's much easier to govern a poor population completely mired in bank debt than a wealthy and free one. In my country, for many years, domestic policy has been aimed solely at worsening the financial situation and degrading people. Even today, one can see how radically society has changed. It has become impoverished, aggressive, and the level of education remains at the elementary school level.

It is true, if you live in a dictatorship then it makes sense to make all the people reliant on the dictator and the government. This is why most of the people in the USSR just worked for the government directly, well everyone did of course but some were directly, and it was a dictatorship.

China isn't really a dictatorship for that reason but also not that far away, I would say half. But, do not forget that it is not the only way to be a dictator, you can be pretty liberal dictator if you want to. Economically stronger is fully dependent on economic of your country, the exceptions are politicians and corrupted businessmen. With bitcoin, you may become economically developed regardless of your country and its rate of growth of economy.

[Dick Long]

Self development is a crucial role every individual should make sure they invest in. Try as much to be educated, select friends wisely and have a big goal. This are personal potential we acquire over time as we continue to work on our selfs which prepare us for opportunity that come. Many have lost chances of many opportunities because of lack of preparation.

[ancafe]

Honing skills and mindsets is key to success in achieving a better economy in the future. While inheritance from family plays a crucial role, without a sound mindset, it's also futile. When talking about families, it's often because they perceive poverty as deeply structural. With such conditions parents' mindsets also assume that poor people will struggle to escape the cycle of poverty due to systemic factors not just individual ones. This is the reality today not only wealth can be inherited, but poverty is also the most common trait passed down from generation to generation.

Standing on one's own two feet is much more enjoyable because we will go through a long process to achieve success in life, although sometimes assistance is needed to expand our relationships or achieve success in any business. Despite the advantages we receive from our parents, children who struggle from scratch and achieve success through hard work and perseverance are usually more able to respect themselves and others because we achieve something not easily, but through a long process and the ups and downs of business.

Growing up in a pessimistic environment will stunt a child's moral development, as a pessimistic mindset is a killer of success. This is what some poor people struggle to escape from, believing there's no way to improve their fate. In fact, many children of poor families achieve success in their teens because they are driven to seek opportunities to improve their fate.

[Cheema02]

Every person needs income, investment, education and skills in their life, but if there is no discipline, patience and consistency and one does not understand the proper management and value of his money, then he will not be able to keep any of it permanent. And to keep all these things permanent, financial character is needed which is developed from childhood. When someone grows up with a financial mindset from childhood, he learns how to manage money from childhood, learns to make a budget and grows up with a saving mindset, then it will be very good for him in the future and he can make rational decisions without delay. When someone wants to invest, he has to maintain discipline, understand his risk capacity, be patient and control his emotions. Therefore, only those who acquire patience, consistency, financial character and mental stability from childhood can successfully finance their skills.

Your point is really meaningful and it's true that we requires some basic needs like income, education, skills and investment but we also need decepline and consistentency for sucess in life. So its important to learn how to manage money. Many individuals grow in a n environment where they analyze how money comes and how it is used and how it is save for future investment so that individuals easily manage cash in there future because they used to for that. So if a person has financial characters from his childhood he must be more successful in financial field because he makes decisions rationally because he would be aware about risk capacity. So the learning point is that if we want to succeed in life we should be consistent and have strong mindset in financial characters.

[beerlover]

I think of it like this; you work for someone and get paid -> you save some of that money for future -> when you have enough you start a small business (could be online, just a website even) -> if you succeed great/ if you fail go back to step 1.

This is how I see all of this working out and sometimes it works out, sometimes it does not. I tried it before and so far I had 2 tests where I started a business, one was a crypto project, one was non-crypto, selling stuff online. The crypto project worked out well, but online didn't.

[Lida93]

Yes, believe me, luck certainly plays a role, even in developing your own business. I personally know people who aren't particularly bright, yet they've managed to start their own businesses that generate quite a substantial profit. If you talk to them, they can barely string together a few coherent sentences. For them, the circumstances have miraculously conspired to create a favorable outcome. From the outside, it seems like some kind of miraculous miracle.

For you earn and make use of what you people calling luck you must have to be prepared already and when you meet that luck (opportunity) you can well maximize it to productive use. Making great use of an opportunity is all about staying prepared beforehand. Being prepared is in different ways, could be mentally, skilled, education, and capital. And worth emphasizing that being able to read and write as an educated person doesn't guarantee that you can make a successful business. You'll have to learn the business skills, while on the other hand some are born with business mindset and whether or not they can't read and write  doesn't take away their ability to make a successful business.

[ruykeri]

I think of it like this; you work for someone and get paid -> you save some of that money for future -> when you have enough you start a small business (could be online, just a website even) -> if you succeed great/ if you fail go back to step 1.

This is how I see all of this working out and sometimes it works out, sometimes it does not. I tried it before and so far I had 2 tests where I started a business, one was a crypto project, one was non-crypto, selling stuff online. The crypto project worked out well, but online didn't.

You have spoken logically and practically. Whether you invest or ensure the security of your life, you should have savings assets . If you do not have money, you cannot move forward in anything or even start. However, before starting any business, you should definitely understand it properly and proceed accordingly. I think it is better to invest in another sector after being successful in one than to invest in two businesses at once. Because if you invest in two or more sectors at once, it is not  more convenient to plan ahead  giving time and ensure security.

[uche6215]

You’re right that developing yourself economically is a long-term process, not something that happens overnight. I like how you broke it down into clear pillars because they all connect to each other. Income generation gives you the fuel, but without financial education, that income can disappear quickly. Skills and career development help keep income growing over time, while investments are what turn active income into long-term stability. I’d also add discipline and patience to your list — many people know these steps but fail because they want fast results. Consistency over years is what really builds economic strength.

Developing one self financially speaking is one thing that takes time and effort it involves you taking sacrifices and discipline before one can say that they are financially stable. Been free financially is a function of the amount of financial knowledge you have been able to acquire, wealth creation is also something that people should study carefully if they are to become financially free that is were financial education comes in.

[Leahized]

No matter how much money we have, it will be wasted if we don't manage it properly.
So, the most important thing is to have a steady, substantial income, This can be achieved through skills, Furthermore good money management is essential for continued growth, Having this knowledge and sufficient funds will enable us to manage our finances effectively, both for future investments and other purposes, ensuring long-term economic security.

If we have a lot of money, then in many cases it will be possible to invest without any knowledge and there will be a possibility of making good amount of money. If I have money and no idea about anything else, I can still invest in Bitcoin. If we are always confident and can invest for a long time, then surely good profit will come. But knowledge and skills are not substitutes because if one acquires knowledge and skills. Then you will be able to understand money management and risk very easily. Along with knowledge and skills, the need for courage is immense because success is possible by investing for a long time but patience is very difficult.

[junder]

Developing one self financially speaking is one thing that takes time and effort it involves you taking sacrifices and discipline before one can say that they are financially stable. Been free financially is a function of the amount of financial knowledge you have been able to acquire, wealth creation is also something that people should study carefully if they are to become financially free that is were financial education comes in.

Achieving financial stability is difficult, but the reality is that everyone strives to do what's best for themselves or their family, and achieving financial stability is a goal for many. However, for those who are truly lazy, this can be even more difficult, sometimes relying solely on others.

I think financial education is similar to good money management. When someone has good money management skills, they are thinking about their future, and these people likely have a goal of achieving financial freedom.