The need for financial education
Greetings to all Project Hope friends, I wish you a great day. I keep myself studying permanently, about everything related to finance and economics, and not only finance at cryptocurrency level but traditional economics.
I think that without educating ourselves we are more prone to make mistakes, to fail, and maybe even studying we still make mistakes, obviously, but still, being able to learn basic things is very important.
It is known to all that the global economic situation is quite complicated, and there are things that I still do not quite understand, but there are others that I now have very clear.
Some months ago I was completely unaware of what economic cycles are, and now I have it quite clear, not enough to say that I am a specialist but this acquired knowledge gives me some peace of mind because I know that things are not good, and most likely they will get worse, but that once this whole process is over, a better time will come for those who know how to take advantage of these spaces of time.
I had always heard that "crises are what make millionaires", and I did not quite understand it, but it is logical, now that the prices of many assets are low, and probably will fall even more, it is a good time to take advantage and buy, but intelligently, by this I mean that it is not about running out to borrow to buy, as it would not be something very logical, this bearish period we do not know how long it will last.
I also know that the economic changes being promoted by states right now will have an even more noticeable impact months from now, not now. Just as the effects of the pandemic that started more than two years ago, we are seeing them now.
With this you can not only feel more at ease because you somehow know what could eventually happen, but it allows you to back yourself financially before the worst happens.
That's why I always recommend studying, educating ourselves very well because anything can happen, and ideally we should be prepared for when it does.
For reading my post, thank you very much.
Hi @josevas217.
You have really shared with us some extraordinary financial education content of great value to everyone in the community.
Totally agree, nurturing ourselves gives us a better chance of success and confidence in our decisions.
Excellent interpretation that you have given, and it is so, and as you say in these times of bearish prices is the ideal space for what you express, that is, a practical example.
It was a pleasure to read your excellent content, thanks for sharing it with all of us, in particular it helped me a lot to clarify many things, that is, it helped me to educate myself financially. Greetings.
Thank you very much for that nice comment, it is good to know that what you write to us has some effect on other people.
Greetings. We are all still learning.
Hi friend
In my opinion it is very important to have financial education because this can help people to make better decision. I believe that investment is not for the short term instead it's a journey so having a good knowledge about it helps a lot that we can plan things better. Thanks for sharing this fantastic post with us.
I like the idea that investment is a journey. Because it is true, all markets have their good moments and those that are not so good, but you have to be in both.
Yes, such things actually belong in primary schools. As well as personality development, self-realisation, analytical thinking... Unfortunately, I don't know of any education system that does justice to that.
Ja, solche Dinge gehören eigentlich in die Grundschulen. Wie auch Persönlichkeitsbildung, Selbstverwirklichung, analytisches Denken... Leider kenne ich kein Bildungssystem, das dem gerecht wird.
It is one of the great failures of the global education system, which only teaches us to learn to work for others, not to develop ourselves in an integral way, I believe that memorization is evaluated more than knowing how to use what we learn. It is a detail, without a doubt.
Thank you
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greetings @josevas217
No doubt that we can only understand and know about economic cycles and investigate , I thought like you , and thanks to the research I did I could better understand the system and be calmer , as Newton's theory says "Everything that goes up must come down".