Many people talk about having the privilege to live in a society where there will be plentiful abundance of the resources and then those items could easily be utilized to grow rich. I dont think so this be the way how one could stay ahead of the economic race.
The reality is quite different .At least to some extent to where we have to find a better way around than the usual line of arrangements.
I have thinking about how to be efficient in the economic matters
Src at hand. There are some of the co-existing ways to where we spend our dollars, then make the good use of the income streams and grow more #wealth in the process. We hold power and then let those power to make money too.
global recessionThere are a #class of people who used to say and view in the following way that - its hard to make money in these days, where there are the hardest hit of the , economic downturns making people lose their wealths and dollars and sometimes the #wages where they thought they could save and spend them later.
When inflation is a big big challenge, it gets hard to look at how we move around and save some of the #money for the future coming next to us. Its not a matter of being naive and then be practical at the variables at hand, but rather going out and expanding the economic abilities to meet the present crisis and to whats coming.
In the context of the fact that, its hard to make money, I am not to the fullest agreement of what that is, whether it is real or not, feathered or to most sense unclear to people with different financial knowledge .
I refer to financial knowledge in most of the time with regards to economic analysis because when we are ready and in that time we dont have the wit and knowledge to do the right thing to grow #wealth, we lack the ability to do that correctly.
That's the odd which starts from the first date of #investment and until the last time when we are quitting on a project. Circumstances and conditions may be different and the chances and subsequent results, whether we would lose the wealths or not.
Let me tell one of my personal stories regarding the matter.
One day I met with a person who has been pretty ambitious of doing what would be the best sort of growing wealths in the sector where he worked. He had the money and also the scopes to make the adjusting switches at the correct time.
#crypto market that we see. Stock markets behave differently at different time and when lose starts to get to move forward, people become so frustrated that they chose to give up.
SrcMoreover he also took the initiative to spend $3000 initially in the stock #market which is functionally pretty similar to the
That brings forth the #bankruptcy, economic fall out that can never be blotted with easy effort or economic #recovery plans.
My friend who was in the similar system and situations, he began to look at the available options to let the lose cover and find a leverage to the problems at hand. He went on doing pretty unconventional things and that resulted in positive directions.
At some point he realized that a different tactic to economic matters would be sufficient .For that we have to have a good basis of knowledge and fortunately he succeeded covering the loses and then gaining extra #profits in the end of his journey.
I think this is because economic knowledge is sometimes worth than the price of gold. How we manoeuvre them is what matters most.
Do you agree ?