Developing oneself economically.

[Cgrexp]

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.

[Alone055]

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.

Well, I wouldn't say they need to require having these skills from childhood, but yeah, one has to have a clear mindset from a very early age or at least have it in their nature. It's mostly about how someone has been brought up. If you are brought up in a family where your elders are responsible, disciplined, and are very good at managing finances, you will grow up learning those skills automatically, because children learn from their elders, so whatever they see their elders do, they start doing that as they grow up, this is why it's important for people to make sure they do positive things in front of children for them to have a good upbringing.

You are right that it's important for one to have proper management skills to have what they have acquired permanently, like if you have inherited a business from your father or grandfather, and now you have to take care of it and make it grow further, you can only do that if you have management skills, and also discipline to run the business successfully. If you have no such skills, you will slowly lose everything, your business will go downhill, and you won't be able to make more money with what money you have.

[ancafe]

You are right that it's important for one to have proper management skills to have what they have acquired permanently, like if you have inherited a business from your father or grandfather, and now you have to take care of it and make it grow further, you can only do that if you have management skills, and also discipline to run the business successfully. If you have no such skills, you will slowly lose everything, your business will go downhill, and you won't be able to make more money with what money you have.

Learning to cultivate an interest in business may not be easy because sometimes it's about following the habits of your parents. If your family doesn't come from a business background, it can be difficult for someone to get involved. Even a child born into a business family won't necessarily be successful in the same field. Skills are indeed necessary in any activity so people know what they need to do, and growing a business to be more successful isn't as easy as we imagine because there are many things to learn.

We sometimes have to develop skills and a mindset of never giving up because sometimes running a business takes a long time to achieve success and even the process is very complicated because you have to fail many times before achieving success and if that spirit is not there, it will be difficult to survive in business.

[BlackBaron]

You are right that it's important for one to have proper management skills to have what they have acquired permanently, like if you have inherited a business from your father or grandfather, and now you have to take care of it and make it grow further, you can only do that if you have management skills, and also discipline to run the business successfully. If you have no such skills, you will slowly lose everything, your business will go downhill, and you won't be able to make more money with what money you have.

Learning to cultivate an interest in business may not be easy because sometimes it's about following the habits of your parents. If your family doesn't come from a business background, it can be difficult for someone to get involved. Even a child born into a business family won't necessarily be successful in the same field. Skills are indeed necessary in any activity so people know what they need to do, and growing a business to be more successful isn't as easy as we imagine because there are many things to learn.

We sometimes have to develop skills and a mindset of never giving up because sometimes running a business takes a long time to achieve success and even the process is very complicated because you have to fail many times before achieving success and if that spirit is not there, it will be difficult to survive in business.

Parents' occupations play a crucial role, and their mindsets can also be crucial. Some parents restrict their children's abilities. For example, if they are farmers, they assume their children will become farmers too. If they are workers, their children are always expected to find work.

This mindset actually hinders their children from succeeding in other fields. I myself was even belittled by my own family. But I didn't listen to them, I was motivated to prove myself until I finally proved myself to those who belittled me.

[Youngrebel]

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.

Truly said. One key important thing in business development is patience.  As a business person you should be ready to be patient to start small and build up gradually.  With patience and consistency you will build your brand to a level of excellence and a general.demend by the public.  Starting small doesn't mean you will not make it. Its only a preparation ground for more to come. Another very important factor yo consider is originality.  You need to be unique and original in what ever you are doing.  Customers are looking for unique things so to enhance faster growth of your business.
There are allot more factors to consider, however everyone who seeks development himself economically must be ready to sacrifice allot of things as its entails allot through determination to get to your desired place.

[Yeesha]

Sometimes, when someone holds a lot of money, they feel comfortable and assume they'll be safe, but that's a flawed mindset. No matter how much money we hold, if we don't manage it well, it will quickly disappear.
So, a healthy mindset must be instilled, one that allows the money we hold to attract more money. We see extremely wealthy people who, instead of retiring and doing nothing, expand their businesses. While we might expect them to simply sit back and enjoy their retirement, their mindset isn't like that.

Currently those of us who do not have a high income certainly have a lot of money which is something we dream of, but if we get the money for nothing without any hard work, then the money we have, no matter how much, will not last long, like business people who already have a lot of wealth but until retirement they still think about their money turnover, so when we have a lot of money, we must master business insight so that our finances continue to flow.

So, we have a lot to learn, and the money we have should make it easier for us to learn, because we can attend seminars and similar things, and perhaps learn directly from experts by finding a mentor. Instead of feeling comfortable, we should be thinking, "When we have money, we can do anything." So, we should be worried when we no longer have it.
We also need a healthy environment, because it can influence our mindset. We can learn from businesspeople who have a business environment.

Yeah exactly, when someone have money, it will be very easier for the person to learn more, but this will only happen if the person has the mindset to continue learning. But I don't think some will be willing to do so, because the materialistic things will diverse their attention, and the only thing that comes into their mind when they have money is how they are going to lavish the money on their wants, without even thinking about their future's needs.

[ancafe]

Parents' occupations play a crucial role, and their mindsets can also be crucial. Some parents restrict their children's abilities. For example, if they are farmers, they assume their children will become farmers too. If they are workers, their children are always expected to find work.

This mindset actually hinders their children from succeeding in other fields. I myself was even belittled by my own family. But I didn't listen to them, I was motivated to prove myself until I finally proved myself to those who belittled me.

This isn't a 100% guarantee, although there are many cases where parents' occupations are usually passed down to their children, such as managing a business and so on. This can also be based on the understanding that if parents are farmers, their children will also be farmers. Parents should guide, not force, because each child may have different interests and not all enjoy working like their parents. For example, in my family, only one child may follow their parents' occupation, while the others have chosen their own paths based on their skills.

This mindset must be changed because every child has a different path, and allowing them to grow up under the pressure of following their parents' occupation will limit their ability to develop own skills. Following their parents' occupation also doesn't always lead to success for children because sometimes don't have the same work skills as parents; they are much more aware of the specific situations that can lead to success based on skills.

[wmaurik]

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Yeah exactly, when someone have money, it will be very easier for the person to learn more, but this will only happen if the person has the mindset to continue learning. But I don't think some will be willing to do so, because the materialistic things will diverse their attention, and the only thing that comes into their mind when they have money is how they are going to lavish the money on their wants, without even thinking about their future's needs.

People who have money but no longer want to learn to make their future brighter are usually those who are too greedy for money and also lazy and lack the sense of striving for their own well-being. Meanwhile, people who are aware of the future will always know how to value money, so they will use it for more useful things, especially for things that can have a positive impact on themselves, such as capital for businesses and other things. Because people who don't know how to handle money properly will always face difficulties when they run out of money and squander it on things that are less beneficial to themselves. So in matters like this, perhaps we can find a very clear difference between people who are still able to think wisely and lazy people who only think about how to spend what they currently have.

[puloweh555]

Learning to cultivate an interest in business may not be easy because sometimes it's about following the habits of your parents. If your family doesn't come from a business background, it can be difficult for someone to get involved. Even a child born into a business family won't necessarily be successful in the same field. Skills are indeed necessary in any activity so people know what they need to do, and growing a business to be more successful isn't as easy as we imagine because there are many things to learn.

We sometimes have to develop skills and a mindset of never giving up because sometimes running a business takes a long time to achieve success and even the process is very complicated because you have to fail many times before achieving success and if that spirit is not there, it will be difficult to survive in business.

Parents' occupations play a crucial role, and their mindsets can also be crucial. Some parents restrict their children's abilities. For example, if they are farmers, they assume their children will become farmers too. If they are workers, their children are always expected to find work.

This mindset actually hinders their children from succeeding in other fields. I myself was even belittled by my own family. But I didn't listen to them, I was motivated to prove myself until I finally proved myself to those who belittled me.

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.

That's why it's crucial to change your mindset early on so you're always looking for ways to escape poverty and striving to develop a better economy for the future. The right mindset will change everything and prevent you from simply accepting reality. With a positive mindset, you'll have the effort, determination, and will to hone your skills.

[BlackBaron]

Parents' occupations play a crucial role, and their mindsets can also be crucial. Some parents restrict their children's abilities. For example, if they are farmers, they assume their children will become farmers too. If they are workers, their children are always expected to find work.

This mindset actually hinders their children from succeeding in other fields. I myself was even belittled by my own family. But I didn't listen to them, I was motivated to prove myself until I finally proved myself to those who belittled me.

This isn't a 100% guarantee, although there are many cases where parents' occupations are usually passed down to their children, such as managing a business and so on. This can also be based on the understanding that if parents are farmers, their children will also be farmers. Parents should guide, not force, because each child may have different interests and not all enjoy working like their parents. For example, in my family, only one child may follow their parents' occupation, while the others have chosen their own paths based on their skills.

This mindset must be changed because every child has a different path, and allowing them to grow up under the pressure of following their parents' occupation will limit their ability to develop own skills. Following their parents' occupation also doesn't always lead to success for children because sometimes don't have the same work skills as parents; they are much more aware of the specific situations that can lead to success based on skills.

Well, it's not 100% like that, because some parents also support their children's desires. In fact, simply providing support is enough for children, it makes us more motivated. Some parents actually ignore their children's desires, meaning they don't even offer support, let alone guidance. However, I'm sure they don't want to, they just don't know how to express it.

This is usually due to economic circumstances, as it's undeniable that a family's finances influence almost everything, including communication within the family.

[alastantiger]

Actually building your self economicaàlly is a very big task, and it has to do with total submission either skills or educationally, it is not a day goals to acquire financial stability, there are so many things to look at before standing out as someone who has developed economical.

1. INCOME GENERATION
2. INVESTMENT/WEALTH BUILDING
3. FINANCIAL EDUCATION
4. CAREER AND SKILLS DEVELOPMENT

With the above mentioned categories you can be able to develop economically balance status.
Take for instance the INCOME GENERATION, this is a process of setting series of businesses in other to grow balancing.

INVESTMENT WEALTH BUILDING: this is a process of investing in real estate and crypto, in balancing economically.

Indeed, becoming financially strong takes time and serious commitment. It is not something that happens overnight and anyone chasing quick results usually misses the bigger picture. what really matters is being intentional about how we earn, how we grow what we earn and how do we improve yourself along the way. When those areas align, long term stabilty becoms achievable. True Financial stability is built step by step, when consistency meets knowledge and self-control, the result eventually begin to show, even if it takes years.

[armanda90]

Overall developing oneself economy begin from how good your working recently and what the skill do you have, I think easily with money management later will allocate for investing in bitcoin, property, land until investing at stock. I think impossible talking about the second points "INVESTMENT/WEALTH BUILDING" if you don't have good job and not enough money yet to use for investing. Learning about financial education depend on how much money having firstly without have money how to manage well the financial condition.

One point additional I think about "consistent", its important after all points describe by OP and the individual must be consistent when allocating money at investment not awhile moment only. Keep continues if want investing money in the several right investment way until earn much benefit exactly with profitable.

[junder]

Yeah exactly, when someone have money, it will be very easier for the person to learn more, but this will only happen if the person has the mindset to continue learning. But I don't think some will be willing to do so, because the materialistic things will diverse their attention, and the only thing that comes into their mind when they have money is how they are going to lavish the money on their wants, without even thinking about their future's needs.

But I think that when they have money and all they think about is wasting it on their own desires, it's a common occurrence. This is especially true among young people who are already working, sometimes working to get what they want, like the latest gadgets or expensive branded clothing.

I think there are very few people who manage their money very well, prioritizing needs over wants. In my circle, especially among my friends, many prioritize wants over needs, so it's no longer unusual for me.

[Pablo-wood]

Indeed, becoming financially strong takes time and serious commitment. It is not something that happens overnight and anyone chasing quick results usually misses the bigger picture. what really matters is being intentional about how we earn, how we grow what we earn and how do we improve yourself along the way. When those areas align, long term stabilty becoms achievable. True Financial stability is built step by step, when consistency meets knowledge and self-control, the result eventually begin to show, even if it takes years.

Overall nothing good and long lasting comes easy. Quick success most times comes with temporal success in which if precautions are not taken it might result in losing everything. Stability is a gradual process as you mentioned, nothing good really comes so easy even with our modern technology and Artificial Intelligence advantage. For every long lasting success there is always a price to pay. A process must aways be tested before any tangible outcome or height can be attained.

[khiholangkang]

Actually building your self economicaàlly is a very big task, and it has to do with total submission either skills or educationally, it is not a day goals to acquire financial stability, there are so many things to look at before standing out as someone who has developed economical.

1. INCOME GENERATION
2. INVESTMENT/WEALTH BUILDING
3. FINANCIAL EDUCATION
4. CAREER AND SKILLS DEVELOPMENT

With the above mentioned categories you can be able to develop economically balance status.
Take for instance the INCOME GENERATION, this is a process of setting series of businesses in other to grow balancing.

INVESTMENT WEALTH BUILDING: this is a process of investing in real estate and crypto, in balancing economically.

It always sounds very easy, with many stages mentioned with inspirational advice but often when implementing it it is not as easy as it feels, economic balance is achieved by many things, from your points you are quite included in the category but one of the economic balance that you need to add is Mentality and also health, often this interferes with economic stability because it is very important to enter so that in the long run you have economic stability.

Investments can build wealth or you can say retain the value of the money you work for, whether it's from a business or a job, investments should be made for your long-term security.

[fruktik]

The approach of developing yourself economically is appealing but why people prefer only crypto or real state is not going well. it's good to think other option but decision depend upon the person mind set or the environment or the economic situation also matter. Diversification does not mean to invest your money on everything it required deep research or experience most people find shares or bonds difficult to understand .yes sometimes individual have research or experience but due to instability in economic condition can't make choices according to his mind set. the role of government is important to support  the economy government should introduced different courses or training programs through which people get educate themselves. government can guide the public about which is most profitable and stable sectors with proper guidelines individual can improve his economic condition which ultimately lead better economy condition.

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.

[Razmirraz]

Actually building your self economicaàlly is a very big task, and it has to do with total submission either skills or educationally, it is not a day goals to acquire financial stability, there are so many things to look at before standing out as someone who has developed economical.

1. INCOME GENERATION
2. INVESTMENT/WEALTH BUILDING
3. FINANCIAL EDUCATION
4. CAREER AND SKILLS DEVELOPMENT

With the above mentioned categories you can be able to develop economically balance status.
Take for instance the INCOME GENERATION, this is a process of setting series of businesses in other to grow balancing.

INVESTMENT WEALTH BUILDING: this is a process of investing in real estate and crypto, in balancing economically.

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.

[abhiseshakana]

The approach of developing yourself economically is appealing but why people prefer only crypto or real state is not going well. it's good to think other option but decision depend upon the person mind set or the environment or the economic situation also matter. Diversification does not mean to invest your money on everything it required deep research or experience most people find shares or bonds difficult to understand .yes sometimes individual have research or experience but due to instability in economic condition can't make choices according to his mind set. the role of government is important to support  the economy government should introduced different courses or training programs through which people get educate themselves. government can guide the public about which is most profitable and stable sectors with proper guidelines individual can improve his economic condition which ultimately lead better economy condition.

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.

Political and social conditions determine whether people are able to develop themselves economically. Without basic needs met and a stable national economy, financial education and investment diversification skills will be ineffective. Ideally, the government would provide financial training, but in countries with high corruption or authoritarian regimes, this is often dismissed as a priority policy. How can the state compel people to become investors if the state itself doesn't provide a secure foundation in terms of stability, transparency, or welfare?

I think the situation you describe in your country is very difficult: the population is impoverished, education is diminished, and the state doesn't provide space for people to develop. Try some of the suggestions below:

When the state doesn't provide support, the main strength is the ability to generate one's own income, live under the political radar, and accumulate assets slowly. Try starting with skills that can be monetized online, selling services across borders, using platforms that are difficult for the government to monitor (remote jobs, freelance sites).

In corrupt countries, physical assets (land, businesses, property) are most vulnerable to confiscation or aggressive taxation. So protect yourself with portable assets like Bitcoin with self-custody, small amounts of gold, and crypto savings, with the goal of having savings that the state cannot easily seize.

In authoritarian countries, people in debt equal oppressed people. Don't fall into this trap. Focus on refraining from taking out installments on consumer goods, reducing lifestyles that reinforce dependence on the system, and postponing short-term desires for long-term security.

If the state doesn't educate the public, we must do it ourselves with independent financial literacy, with the goal of having knowledge that cannot be destroyed even if state institutions fail.

Develop a long-term exit strategy, whether physical or financial. In a worsening economic and political climate, an exit strategy must be in place, even if it isn't implemented immediately. It could involve relocating to a more stable country if the domestic situation becomes increasingly inhumane. Authoritarian countries often impoverish not only the economy but also the mental well-being of their citizens. Therefore, it's important to maintain mental and intellectual sanity by distancing yourself from media propaganda, building a small, intellectually healthy circle, and consuming educational content, not angry content, as mentally sane people are more difficult to manipulate.

[viljy]

1. INCOME GENERATION
2. INVESTMENT/WEALTH BUILDING
3. FINANCIAL EDUCATION
4. CAREER AND SKILLS DEVELOPMENT

You have the order of the items reversed, if you count them in chronological order. It should be like this: First, a person gets an education, learns and develops their skills. Then the person invests/works. In the end, a person earns income.

By the way, we can say that a person invests in himself all his life. First, a person invests in education in order to apply their knowledge, then in business, etc.

[fruktik]

When the state doesn't provide support, the main strength is the ability to generate one's own income, live under the political radar, and accumulate assets slowly. Try starting with skills that can be monetized online, selling services across borders, using platforms that are difficult for the government to monitor (remote jobs, freelance sites).

In corrupt countries, physical assets (land, businesses, property) are most vulnerable to confiscation or aggressive taxation. So protect yourself with portable assets like Bitcoin with self-custody, small amounts of gold, and crypto savings, with the goal of having savings that the state cannot easily seize.

It was very hard for me to believe that my country was sliding into some kind of abyss after enjoying a breath of freedom and robust market competition for a decade. Private business was developing by leaps and bounds, offering a huge selection of products. All of this ended very quickly when oligarchs, close to me, began to seize medium and large businesses en masse without consequences. They established a dictatorship and a total monopoly. That's when I realized that running my own business in this country was too dangerous. It's fraught with high risks, not just financial ones. It's scary to even talk about, but physically eliminating someone has become quite common practice.

I had to take a path where there was nothing material, so there was nothing to cling to. I had to give up many benefits that would later be a shame to lose.

As you wrote, I chose online options. The crypto world became the foundation for this, but not the only option. Under this regime, all assets should be kept under lock and key and carefully hidden from prying eyes. This is the only way to protect yourself.

In authoritarian countries, people in debt equal oppressed people. Don't fall into this trap. Focus on refraining from taking out installments on consumer goods, reducing lifestyles that reinforce dependence on the system, and postponing short-term desires for long-term security.

Given the current reality, it's quite difficult to give up some things, but I not only heard your point of view, but I'm also following this plan.

Several years ago, I closed my last loan. I've paid off all my debts. I've given up on installment plans and buying goods on credit. I only buy what I can afford.

I've changed my financial development strategy.
I'm trying to find small investment options. I'm constantly on the lookout for new sources of income. I also spend time daily learning about economics and financial issues.