Finance is complicated. It is not sufficient to earn money and save it in the bank. We need to have financial literacy & learn how to perverse our wealth, create more wealth by investing in various assets etc. #moneymonday #threads
Finance is complicated. It is not sufficient to earn money and save it in the bank. We need to have financial literacy & learn how to perverse our wealth, create more wealth by investing in various assets etc. #moneymonday #threads
That is very true. And Leofinance is one of the things that can help bridge the knowledge gap.
Yes, earning Leo/ Hive won't suffice. Try to further multiply earnings in long term time period through DEFI oppurtunities in Hive. I am yet to explore that!!! Shame na!!
All good points but so damn hard to implement and strategize :)
Yeah.. add to it there is risk involved in investing in assets and we have to invest doing due dilegence, diversify having exposure to many assets - cash reserves, insurance, healthy debt (not over leveraged), then other assets. confising
Yes. The risk management and risk tolerance are two key concepts while investing. We are emotional fools and that will impact our risk assessment ability pretty quick.
I agree wholeheartedly about the need for financial literacy.
Rightly said. Acquiring assets is a good way to invest