Educating Oneself on How Money Works

in LeoFinance9 months ago

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Financial freedom is the dream of many people, but only a few (Small number of people) achieve success in this regard. Why? Because they educate themselves. The most important thing in money making is to know what decision is the best at a particular time. I, myself, for instance, I didn't know that the timing of decision is very essential in managing financial assets. I had some crypto that I wanted to sell, but because I didn't know at what time I should sell, I lost most of my money.

The money I could have slipped right through my fingers and I couldn't do anything about it. So, I learned that I should sell in the right time. Just when the market is doing excellent. I think this is pretty obvious and everyone knows this by fact, but when it comes to action, not all people have the knowledge of how to do this properly. If I did know what to do at that time, I could have helped my family financially. But I didn't. And here I am feeling defeated somehow. Because if you have money, you have respect. So, education on money, one of the most important ting that our survival depends on it, becomes crucial.

If I know more about money, then I can make more wiser decisions and then this leads to more money and this brings personal fulfillment.

Another significant fact is to follow what other successful people have done to accumulate money in large quantities. This brings about knowing what is going on in the financial aspect of the world. When you know, you can make better decisions based on the news. Following twitter (X) accounts of famous people also helps. But I think sometimes they lie, or they are paid to tell you some asset is good for investment when it's not. Overall, you should listen to your own judgment. Even experts sometimes make mistakes, and you should put things together and get a whole picture.

Being money hungry doesn't always help because money has a purpose when it becomes a purpose in itself, it creates problems. The purpose of money is to bring a roof over your head and food in your stomach, and provide an environment for you to follow your passions and contribute to the advancement of society in your topic of interest. This way you get to experience your life purpose.