Money is power. Money means business and it gives a person a feeling of status and it allows us to buy anything we want. Before its invention, humans used to trade things with seemingly equal values. One goat for one sheep. One chicken for one duck, or a bag of rice for a bag of corn. Then, money came to the world and with it came a new definition of power and wealth. Instead of who had the biggest farm and the best livestock, the most powerful was the one who had the most money. The rest is history.
But, ever since its entrance to the world, people have misunderstood how to handle money. Like it or not, we’re material beings and we want to have the gold pieces that shine or the most expensive and luxurious items. It’s a part of being human, but only a few people can actually afford all of those commodities. Or so we thought, until the 20th century or so, when stocks and investments started booming. This changed the game, and now everyone could become rich, but if they knew how. Schools didn’t teach anything about money, so rarely who knew about it. But now, with the internet at our side, we can see that making money is not so hard, and everyone can do it. Click here to learn more.
Enter Trading And Investing
These two things together can set you apart from the middle class. We’ll cover them both and see how they work. Investing is buying shares of some company, also called stocks, or purchase currency pairs, commodities and other similar instruments. If you buy stocks of a company like Apple, you’ll be receiving a part of the company’s profits. Depending on how much of the firm’s shares you have, you’ll get a proportional amount of money back from them. If the company grows, so does your money. If it doesn’t, then you lose some money. It’s a dangerous game to play, but a rather profitable one.
If you know the market well enough, you can invest with almost zero losses. That’s why Warren Buffet is so rich. He knows his stuff, and he knows where to put his money. Fortunately, you don’t have to read as much as he’s learned. There are online video courses which explain basic, intermediate and advanced concepts. You can watch them on your computer or your phone, you just need the time to do it.
The modern age is so advanced that you can both invest and trade, from the comfort of your own home. There are apps like BDSwiss that allow you to trade like a real-life broker is sitting next to you. Depending on your level of knowledge and personal preferences, you can trade forex and cryptocurrency pairs in mere seconds.
Education about money
The biggest problem we all have is knowledge and training. Most of us have got the will and the motivation, but no one knows where to start. Luckily, the internet comes to the rescue again. There are many interactive learning platforms suited to each individual. You can listen to podcasts, join webinars or read blogs. All of these things can give you the necessary information and knowledge to get you started to the path of financial freedom.
Blogs are especially useful because you can read faster than you can listen to a podcast or watch a video. That way, you’ll be able to get more information in and learn at a faster pace than those who are listening or watching in audio or video formats. It’s also better because most blogs are updated on a daily basis, while it takes more time to make a video or a webinar. This makes blogs the number one go-to resource when trying to get packed quality information.
There are also daily market reviews which tell you how the economy shits each day. This is especially helpful because you can understand what’s happening each day, and try to analyze and guess what’s going to happen tomorrow. This way, you’re competing against yourself to see how good you are before you start investing money. There are also many quizzes available which test your knowledge on critical subjects and will help you a lot in your journey.