iskafan 3Speak Podcast: Recent Episodes
None
Listen and watch the latest videos from iskafan. Hosted by 3Speak.tv. The free speech video platform on the HIVE blockchain.
https://3speak.tv/watch?v=iskafan/cjqoliwl
You know how an internet guru will tell you that your home is an asset and that once you invest, you will sit back and the money will start rolling in, only for you to do it and realize, there is a job cut out for you as you move into the next level of ownership? Exactly.
If you can relate to this then you know that in life, there is never an end to some of the things we think would have an end. Don’t get me wrong, everything that has a beginning has an end, and this is dependent on the individual. You are the one who will decide if this will be the end for you or not.
But you see education and learning? That is something that seems to defy the natural occurrence of things. They say learning never ends and that is the truth. Every industry you find yourself in constantly changes and you need to adapt to these changes or risk being left behind. If you are not jumping on new trends and learning opportunities, you soon find yourself outdated.
Why do you think your apps are constantly updated? This should give you the clue that you need to keep learning. New algorithms and machine learning capacities show up and developers will implement those in their products to serve you better. It is all about making sure that user experience surpasses that of their competitors and it works like magic because of customer retention and all.
For you, it does not matter what you think you know, when it comes to the future of your money, you will never stop learning. There will always be newer industries opening up for you to research and decide if you want to invest or not. In the end, if you do not want to miss out on the potential to create wealth, taking the cue will always be the best option for you. Never stop learning.
PS: Video created on canva with integrated AI voiceovers.
More from iskaWhen it comes to money - self-sabotage is a thing
Procrastination - An investment in stress for your future
Financial desperation can ruin you
Marriage in the high society - a dangerous business
Faking it, to living it
Entitlement & the consequences of expecting rewards without contributing value
Creative Monopoly - Significance of discovering new secrets in business
Building Trust & Affinity fosters stronger connections with clients, customers, & partners
Investment portfolio takes one farther than they can ever know
Those who fall for Ponzi Schemes are driven by greed, desperation, & a lack of planning
The paradoxical nature of risks - The upside is directly proportional to the downside
Technology - prioritizing vision over quick profits led to the creation of iconic innovations
Have no sunk cost and you will be able to adapt to change
Fraud - Market Manipulation & Ponzi Schemes
When you plan - take possible Consequences, Obstacles & Twist of Fortune into account
https://3speak.tv/watch?v=iskafan/yaigsmkw
What many people do not know is that a person who earns $2000 and spends $1800 would probably spend $1,800,000 if they earn ₦$2,000,000. I hear you saying that the amount earned should be taken into account.
Yes, you are right. But a person who can raise $20,000 would do much better with $2,000,000. How much a person can save does not just depend on how much he earns.
There is a certain level of financial literacy that a person needs to familiarize himself with. I bet you understand what I am getting at now.
Regardless of how much you make, constant or not, watch this video, and I will share with you how to give your money a purpose before it comes.
Image source
More Videos from iskaThe Wealthy Leverage Strategic Debt Management and Financial Wisdom
Revealing the deceptive world of Banking & Interest Rates: Securing Finance with DeFi & More
Seizing Opportunity: The Adventure of WhatsApp's Founders from Yahoo to Global Communication Impact
Chasing Dreams, Building Wealth: Coco Chanel's Inspirational Journey
Investment decisions are not always rational
A Roadmap for Smart Investing
https://3speak.tv/watch?v=iskafan/hecanwln
A billionaire in debt will sound almost impossible to believe, ridiculous to even utter. A billionaire? In debt? The two terms should not have a mix in the same sentence, not in the context they are used here at all. It does not make any sense for a billionaire to be in debt. Right? Well…settle down and relax.
Today, I will be showing you a key character of the wealthy; how they save, how they invest, and more importantly, how they settle debts. I suggest you listen with keen interest, probably with a pen and paper in hand. You would learn something from this.
Image source
https://3speak.tv/watch?v=iskafan/zezxpwxz
Investing is without risks, and it is a journey that is filled with the ability to make strategic choices especially when it comes to your choice of asset class. Every new investor knows how overwhelming this can be, but, it’s a phase of life that anyone looking to be financially independent should consider learning regardless.
Image Source
As you strive to build wealth, it is important to do your due diligence and always remember that there will be risks involved. Also, you need to know what your goals are, if it’s a long-term goal or a short one.
This will help you come to terms with the results as you keep getting them as the day goes by. Also, endeavor to invest in assets that allow you to diversify and create newer opportunities for growth
Your success will depend on your ability to make good decisions. You will need discipline, and stay true to your strategy. It doesn't matter if you want to opt for simplicity or complexity.
The best approach is to stay consistent and focus on your financial growth. So, choose a strategy that aligns with your goals. Move on and invest wisely.
https://3speak.tv/watch?v=iskafan/ltubynmg
You already know that the traditional education system's approach to finances and wealth-building has become outdated and ineffective. This video will remind you how we have been programmed to remain financially strained.
source
And this is a result of an old system of learning that originated during the industrial era. You will also learn how negative beliefs surrounding money, some of which might have been learned from childhood experiences or from the media portrayals constantly keep us trapped in cycles of poverty.
Sometimes, the media even takes this a step further by associating wealth with negativity, which stops us from seeing legitimate paths to financial success. Capitalism and consumerism also contribute to our financial struggles.
As it encourages impulsive spending and materialistic tendencies. Data-driven marketing ads add to the challenges that make people buy things they don't need
Don't lose hope because this video will highlight the importance of breaking free from these constraints and reprogramming your mind to adopt positive beliefs about money and wealth. It will encourage you to find resources that promote a healthy relationship with money and dedicate time to self-education.
When you invest 6 to 12 months in this process, you will be able to build your way to prosperity. Watch the video and take the first step toward reclaiming control over your financial future
More Videos from iska Revealing the deceptive world of Banking & Interest Rates: Securing Finance with DeFi & More
Seizing Opportunity: The Adventure of WhatsApp's Founders from Yahoo to Global Communication Impact
Chasing Dreams, Building Wealth: Coco Chanel's Inspirational Journey
Investment decisions are not always rational
https://3speak.tv/watch?v=iskafan/epdozdkk
If you are still in the dark about the deception perpetuated by banks and governments, leading us to believe we are earning money when, in reality, we are losing it, then you need to watch this video. Inflation has so much impact on your savings, so you need to start exploring alternative solutions. This could be investing in several asset classes like precious metals. Or dipping your feet into the revolutionary world of decentralized finance (DeFi). Watch now to take control of your finances and break free from the hidden traps of the banking system.
https://3speak.tv/watch?v=iskafan/aeeslodk
In this video, you will learn about inspiring journey of WhatsApp's founders, Brian Acton and Jan Koum. And how they broke the mold of typical school dropout stories in the world of entrepreneurship. Having moved from having a stable job at Yahoo to seizing the opportunity to create a messaging app that we all use today for interaction and connection. Pause and watch!
https://3speak.tv/watch?v=iskafan/gutpiejx
You have probably heard of the world’s fashion icon, Coco Chanel, a visionary designer who changed the course of history with her creations, if you haven’t then give this video a watch. If you have, and desire to refresh your memory, hit the play button.
In this video, you will find out how Gabrielle Chanel emerged as the 20th Century Fashion Icon even though she came from humble beginnings. And it will teach that you can always build wealth with whatever you have. Don't miss this captivating tale of ambition, creativity, and timeless elegance, hit the play button now.
References
THE TROUBLING TRUTH ABOUT COCO CHANEL
Thumbnail source
https://3speak.tv/watch?v=iskafan/nhubrszr
Learn how emotions, cognitive tendencies, and herd mentality influence your decisions and affect market dynamics. And discover valuable strategies to help you make informed and rational choices in the world of finance.
Image source
https://3speak.tv/watch?v=iskafan/llphsehj
In the world of investing where fortunes are made and dreams are shattered a profound truth emerges; what is comfortable is rarely profitable.
Join me on a journey into the heart of financial risk-taking where investors challenge the status quo and discover that true wealth often lie outside their comfort zones
Image source
https://3speak.tv/watch?v=iskafan/pcspgube
This is a compelling video that delves into the profound connection between money and the quality of our lives. From the bustling city streets to the quiet corners of our minds, money shapes our decisions, opportunities, and overall well-being. This thought-provoking video will take you on a journey through history, exploring the origins and evolution of money as a symbol of power, security, and freedom. Stay tuned.
Image designed on canva
https://3speak.tv/watch?v=iskafan/ehuogoak
In a world where business success and failure go hand in hand, discover the mindset and strategies of those who have mastered the game. From learning valuable lessons through failure to embracing risk and adapting to ever-changing markets, this video unveils the keys to long-term success.
Image designed with Canva
https://3speak.tv/watch?v=iskafan/ovnhtmcb
While saving is an essential financial habit that promotes discipline and stability, it is vital to understand its limitations. Saving alone may not lead to significant wealth accumulation as we have noticed. When you recognize the impact of inflation, understand opportunity cost, and explore income-generating avenues like entrepreneur
Thumbnail designed on Canva
https://3speak.tv/watch?v=iskafan/yegkymah
Market downturns tends to present a great opportunity for investors to capitalize on the market volatility and buy stocks at low prices.
Image designed with Canva
https://3speak.tv/watch?v=iskafan/trummpxx
By understanding the intricacies of buying the dip strategy, investors can maximize their returns. With careful consideration, investors can benefit from these short-term market fluctuations and make profitable investments even during periods of economic uncertainty.
image designed by canva
https://3speak.tv/watch?v=iskafan/rvjmftie
It is important to understand how to balance risk and return when making an investment decision. By taking into account factors such as diversification, market volatility, portfolio composition, historical returns, inflation rate, liquidity of assets, etc., you can make informed decisions that support your financial goals while balancing potential risks with potential returns.
Image designed on canva
https://3speak.tv/watch?v=iskafan/sndzgyvy
It is important to understand how to balance risk and return when making an investment decision. By taking into account factors such as diversification, market volatility, portfolio composition, historical returns, inflation rate, liquidity of assets, etc., you can make informed decisions that support your financial goals while balancing potential risks with potential returns.
image designed on canva
https://3speak.tv/watch?v=iskafan/gnmypyfl
Becoming wealthy is not an impossible feat and it doesn't require luck or a huge inheritance alone. With hard work, dedication, and a smart approach to money-making activities, anyone can build their wealth over time.
Although it might seem easier to be lazy and take shortcuts to get rich quick, this is not the path that will lead you to long-term financial success. Instead of looking for short-term gains, the key to creating wealth lies in understanding how money works and building your financial independence through hard work and smart investments
Image designed on canva
https://3speak.tv/watch?v=iskafan/uvgaejea
Most people don't realize that success is not about having lots of money; instead it’s about having the right idea and turning it into something valuable, like a business or a product. But to turn an idea into something profitable, it is important to have a clear understanding of the marke you are targeting
image source: canva
https://3speak.tv/watch?v=iskafan/ewyzqqlj
Life is full of uncertainties and taking care of your finances now will help you establish your future. Start investing in the stock market to earn money. Try and figure out what kind of investment suits your financial situation. Focus on getting into a habit of investing and building wealth slowly over time. You can learn the basics and become a successful investor.
thumbnail designed on canva
https://3speak.tv/watch?v=iskafan/wmvxqhau
Money can be earned in two ways; actively working for it or making it passively, while you sleep. Passive income involves investing your money in stocks, bonds, mutual funds, real estate, and any other financial instruments. But you have to carefully select the portfolios you invest in so you do not get wiped out even before you start making money. Also, if you want to build a portfolio of assets that yield passive income, you should diversify.
Image source
https://3speak.tv/watch?v=iskafan/eziaxpxg
Our discord server was hacked yesterday, right now the team will spend a lot of time sorting out data in order to get the server up and running again, this is costly and disruptive because it will result in a loss of productivity.
Wallets, cryptocurrency exchanges, initial coin offerings (ICOs) are some of the targeted forums by hackers, to prevent yourself from falling victim to these threats in the future, there are a few useful tips mentioned in the video.
Image source
https://3speak.tv/watch?v=iskafan/nhrxyiwa
The secret to wealth and financial success lies in being of service to others. And it can be achieved by giving them value for their money.
Thumbnail source
https://3speak.tv/watch?v=iskafan/qawlaugb
Since the stock market is always changing, you should research companies with solid fundamentals even though they are underappreciated stocks. And make sure to not overlook the role of due diligence in your investing journey, it should form an integral part of your strategy, as it will help prevent costly mistakes later down the line.
thumbnail designed on Canva
https://3speak.tv/watch?v=iskafan/iusvevea
There are several components of the money mindset that you need to understand. It doesn't matter how badly you are doing with them, in the end, the only thing that matters is your present and future. So try to remember that you're in charge of your destiny and you can choose to move forward rather than look backward.
Image source
https://3speak.tv/watch?v=iskafan/caizotzh
Building wealth is not about becoming a millionaire overnight; it's about creating long-term wealth that you'll be able to live off of for decades.
Even if you know all there is to know about personal finance, investing, and retirement planning, it's not going to do you much good if you're unable to stick to your plan.
thumbnail image designed with Canva.
https://3speak.tv/watch?v=iskafan/gnyxkfyt
You'll be surprised by how fast your money will grow if you take certain measures to improve your financial position. If you want to figure out ways to take your money management skills to the next level, then, watch this video.
Thumbnail source
More from iskaYour pursuit of financial freedom requires more bullets now than cannonballs
Building confidence and the value of your creativity through a relentless discipline to build wealth
The magic wand of wealth building is self-control
Earning an ROI on luck is possible
Winning the game of wealth building using empirical evidence
A legitimate form of discipline needed to build wealth
Why financial pessimist tend to have more audience than optimist
When people buy the top they are mostly chasing performance
Everything has a price including your desire to reach financial independence
Plan for emergencies for they are an inevitable part of our existence
Striking a balance in your investment portfolio reduces future regrets
Invest in something cared about, and there can't be a loss
The quickest way to have less money is to spend it to show people how much you have
Controlling your time is the biggest dividend money pays
The Surprising Role Luck Plays in Building and Sustaining Wealth
https://3speak.tv/watch?v=iskafan/nuasbyye
The story of the South Pole is a powerful reminder that success is not just about having the right equipment or supplies, it's about careful preparation, strong relationships, and a willingness to learn and adapt. Watch the video to learn more.
Thumbnail Source
https://3speak.tv/watch?v=iskafan/upkseahx
A lot of people question how much they should have in their bank accounts. The answer isn't a general one because each individual is different.
In a proper sense, the amount of money that you need to save is dependent on your financial situation and your saving goals.
It's recommended that you save up to 3-6 months of living expenses. And that's because if you lose your major source of income today, say, your job, that's the general interval of time it will take for you to land another one.
So, if your monthly expenses are worth $10, 000 then you need to have around $60,000 in your savings account.
Your saving goals also determine how much you need to save. You just need to calculate the amount you need to achieve your goals and break them down into considerable and comfortable amounts. Then run the race to reach your savings goals.
Whatever it is you do, check your budget, and work around it, then you will have a substantial amount saved for your expenses and probably certain emergencies
Good luck.
image source: Canva
https://3speak.tv/watch?v=iskafan/vwmoixbj
It's never too late to start investing for your future. You need to start now and look into portfolios that will give you a good return on investment while protecting you from market volatility.
Whichever route you choose is fine as long as you stay in the game, learn all that you need to, and start investing.
The bottom line is that you should do whatever works best for you. As long as you're investing wisely, you'll be fine. The key is to learn all that you can about the market so that you can make smart decisions.
Image source
https://3speak.tv/watch?v=iskafan/dverhszr
Welcome to today's video on finance! Are you tired of living paycheck to paycheck and want to take control of your finances? Then stay tuned! In this video, we'll discuss simple and practical tips to help you manage your money and achieve financial stability.
Start with a budgetThe first step to taking control of your finances is to make a budget. A budget helps you track your income and expenses and ensure that you're spending your money wisely. Make a list of all your monthly expenses, including bills, groceries, and entertainment, and compare it to your income. If you find that you're spending more than you earn, it's time to make some cuts. Try to reduce your expenses by cutting back on things like eating out or subscription services you don't need.
Save for emergenciesEmergencies can happen at any time and it's important to be prepared. A good rule of thumb is to have at least three to six months' worth of living expenses saved in case of an emergency. Start small, set aside a portion of your paycheck each month, and watch your emergency fund grow.
Invest in your futureAnother important step in achieving financial stability is investing in your future. Start with a 401(k) or an IRA, which are tax-advantaged retirement savings accounts. You can also consider investing in stocks, bonds, or mutual funds, but make sure to do your research and consult a financial advisor if necessary. The earlier you start investing, the more time your money has to grow.
Avoid debtFinally, it's important to avoid debt as much as possible. Credit card debt can quickly spiral out of control and negatively impact your credit score. If you do have debt, make a plan to pay it off as soon as possible. Prioritize paying off the debt with the highest interest rate first, and then work your way down the list.
ConclusionThat's it for today's video on finance! Remember, taking control of your finances is a journey and it starts with small steps. Start with a budget, save for emergencies, invest in your future, and avoid debt. By following these tips, you'll be on your way to financial stability and independence. Thank you for watching and stay tuned for more financial tips and advice.
https://3speak.tv/watch?v=iskafan/acanxwxj
Managing your money is one of the most important things in life. That is why it is crucial to know how to do it well. There are a lot of ways to manage your money and make sure that you are making the right decisions. This article will help you understand how to manage your money better so that you can live a happier and healthier life.
Create a BudgetThe most important step to managing your money is creating a budget. It will help you see where your money is going and how much you have left over to allocate elsewhere.
Make a List of Your Financial GoalsIt’s important to know what you want out of life financially before you start working towards it. This will help you set realistic goals and make sure that your spending aligns with them.
Set Up an Emergency FundAn emergency fund is an account that can cover any unexpected expenses that may come up, like car repairs or medical bills, without having to resort to credit cards or loans from the bank. Having this safety net in place will allow you to sleep better at night knowing that if anything goes wrong, there’s money for it in the bank!
Save Your Raise for Future Emergencies or GoalsIf you get a raise at work, save half of it every month in a separate account until you have enough to accomplish your financial goals. This will help ensure that you’re not tempted to spend the extra money at an expensive restaurant or shopping spree.
Learn about How Interest WorksInterest is a continuous source of income and can be used for many things. It will help you grow your savings and give you more options for how to use the money after it’s been saved up
Create a Money-Saving BudgetThe best way to start saving more money is with a budget. This will help you establish your spending and savings goals and determine what you can cut back on without sacrificing too much enjoyment.
Pay Off Your Debts and Interest Rates ASAPIf you have credit card balances, pay them off before the interest rate goes up. You’ll save money in interest by paying off your debts early rather than waiting until the last minute.
Save Some of Your Bonus MoneySome companies will give employees a bonus at the end of their year if they meet certain goals or production levels, and sometimes it is enough money to completely change your financial situation. If you are given a bonus, save half of it and invest in something you know you’ll get a good return on.
Take Advantage of the Tax RefundsThe IRS often gives out tax refunds, so take the time to figure out how much money you should expect to receive and what exactly that means for your finances in terms of savings, spending, and investing.
https://3speak.tv/watch?v=iskafan/fwqahdnb
You have to make sure that you are investing in a company that has the potential to earn a profit. You also want to make sure that the company is sustainable and can pay off your investment. One of the things you need to know is how the company's revenue was generated in the past, what kind of revenue they have been generating this year, and what its current stock value is.
Apart from the above, consider checking the following;
Its products and servicesWhen it comes to investing in a company, as an investor, you need to know its products and services. You also need to be sure that the company is equipped with all the resources necessary for it to succeed.
What are some of the factors that you should consider before investing in a company? Some factors that you should consider include what is the best business for you, what role does the company play in your portfolio, and how does this investment align with your goals?
It's financialsWhen investing, it's important to know the financials of the company you're looking to invest in. You need to look at the return on equity, debt-to-equity ratio, and debt-to-assets ratio.
You should also take a look at some of their key ratios. Things like profitability analysis and liquidity ratios will give you a better idea of how well the company is performing financially.
It's management team and reputationIt is important to look at all aspects of a company before you invest in them, from the management team to the financials.
The management team as well as the business's financial performance are critical factors in any investment decision.
When a company is on the cusp of success, it is easy to get caught up and invest in that company. However, what you should be considering before investing in a company with your hard-earned money are the people running it.
You need to know who's playing what roles at the top and what their resumes are like. You need to know if they have done anything unethical, illegal, or bad for business in any way or if they have been involved in any scandals/gossip that could come back and bite them.
It's business model and competitive advantageIt is important to research the company that you want to invest in. You want to make sure that the company has a sustainable business model and a competitive advantage over its competitors.
Companies that have a sustainable business model and competitive advantage will likely be able to generate a profit in the future.
Its Growth potentialApart from looking into the company's financial records, the management team, or its intellectual property, you should check its growth potential is important.
To determine a company's growth potential you should try to analyze how much room for expansion it has, what kind of economic environment it operates in, and whether or not there are factors that could hamper its growth in the future.
The growth potential of the company should be the single most important factor to consider before you invest. The company's growth is likely to be determined by how well it can execute its plans.
https://3speak.tv/watch?v=iskafan/hvkgmzqu
So if someone says they hate themselves or don't like themselves, then there's a lot going on and why it feels so wrong to them. They've been taught their whole life that they're not good enough for anything but the worst jobs, the shittiest partners, and the least comfortable situations.
And then when something goes right—like getting into med school or finding a job they love—they still spend all their time worrying about whether they deserve it because they constantly compare themselves to others. Their mind is so full of shit that they can't see clearly anymore.
You may have heard this a thousand times, "You have to learn to love yourself first." As it's the only way to truly be happy in life.
Loving yourself might be one of the hardest things you could do. Even though you are smart, pretty, and talented—I mean, You've got everything going for you—it might take years before you stop looking at everyone else's accomplishments with jealousy. It will probably take you several failed relationships to finally realize that people are attracted to different qualities in other people.
Some people want to date hot guys, some women want to date successful men, and some gay couples just want to find someone who likes them.
The point is we all have our ideas of what we want from a partner. Everyone needs to focus on making themselves happy. If you're too busy comparing yourself to others, you'll never be satisfied. You won't find happiness by focusing on what others have that you don't. No one wants to be around an unhappy person, and no one wants to be with someone who can't appreciate what he or she has. That's why you should try to do whatever makes you happy, even if it wasn't for anyone else.
Loving yourself involves a lot of things. It's not just about eating healthy, getting enough sleep, or going to the gym. Yes, those are all good habits that can help you achieve self-love and improved happiness, but they're only the beginning. The key is to start to understand how your body works—both physically and mentally. And it takes time for people to get there. That doesn't mean you should give up. You'll need to take baby steps toward changing your life. Maybe one day you'll find yourself looking in the mirror and thinking, "I love myself." But if you don't yet have that mindset, then keep trying.
Remember: it's never too late to learn about self-care!
Happiness comes from within, not because of outside factors such as money or relationships. Sometimes it might seem like the only way to be truly happy is to change something about your circumstances, but that's simply untrue. Some of us spend our whole lives searching for happiness—only to realize that we're unhappy with ourselves.
So while you may look at someone else's life and think, "If I could just be like them," remember that you don't know what goes on behind closed doors. There will always be people who appear to have it all together, but that doesn't mean their life is perfect. That said, if you're struggling with a mental health condition, such as depression, anxiety, or an eating disorder, please seek professional help.
To feel better about yourself, you must first learn how to love and accept the person that you are. Some people struggle with this because they've been told by others that they're not worthy of love.
Perhaps you grew up in a home where your mother or father was abusive and treated you poorly. Or maybe you were bullied in school and felt unworthy of attention from anyone else. All of these experiences can shape how you see yourself, and you mustn't let them define you. Instead of living your life based on other people's opinions, try to focus on what makes you special.
What do you want to accomplish? How can you make a difference in the world?
When you look back on your life, what do you think you'd regret most? If you're like most people, then you probably imagine all of the wasted opportunities you had to improve your life but didn't take advantage of. Don't worry—it's okay to admit that you made mistakes. Everyone does. The important part is learning from them so that you can avoid making them again.
Achieving self-love means that you value yourself above all else. It also means that you have the power to choose whether or not you want to do things that make you happy.
When you believe in yourself, you stop worrying about what other people think about you, and instead, you just live your life as freely as possible.
Image source
https://3speak.tv/watch?v=iskafan/izngixoa
There are no secrets or magic formulas here. The most important thing is that you have the discipline and motivation to carry this out. Save a good portion of what you earn. Invest the rest in assets that appreciate over time.
It's very simple, but it seems like hardly everybody does it. Why? Because most people don't know about compound interest! It's an amazing concept that allows people who save money to actually make more money than those who spend it all
Keep your expenses downWhen you start earning some money, you should start saving right away. If you are young, keep your expenses down as much as possible so that you can put as much of your income into savings as you possibly can. Some people like to use their credit cards to buy things they want but don't need; these people are usually drowning in debt by the time they reach adulthood.
The best way to avoid getting caught up in this trap is to never use credit cards except when you absolutely have to. Credit cards are designed to make it easy to spend money you don't have. They encourage people to live on borrowed money rather than using cash to pay for everything. Once you're a little older, you'll be able to afford nicer things and take vacations with your family, but until then, you should think twice before buying something on credit.
Save as much as possibleThe secret to making money is to save as much of what you earn as possible. A person can literally have millions of dollars saved at the age of 60 or 70 if he saves a large percentage of his earnings throughout his lifetime. In fact, many people retire with over $1 million in the bank without having to do anything but work for 40 years. Of course, this assumes that they didn't spend any of their money frivolously during their working lives.
If you are in your twenties or thirties, you may not have started saving yet because you haven't been earning much money. But even if you've only earned a few hundred bucks, you should still try to put aside some money every month. It's never too late to start saving; even if you're 30 years old with nothing saved, you can still start today.
Don't worry about what you've already spent; instead, focus on putting money back into your pocket by saving from now until retirement. Every dollar you save today will turn into two tomorrow.
You can also contribute to tax-deferred retirement accounts such as IRAs and 401ks. These plans allow you to save for the future while deferring taxes on the money you invest. This means that once you retire, you won't have to pay taxes on the money you've invested until you begin withdrawing funds.
Beat inflation through diversificationOne of the best ways to save money is to choose investments that will grow faster than inflation. The easiest way to do this is through mutual funds. Mutual funds pool money from investors and use that money to purchase a variety of stocks, bonds, and other types of investment vehicles. A fund manager takes care of the day-to-day details, such as deciding which companies to invest in and when to buy or sell certain assets.
By investing in a diversified portfolio, you can enjoy steady returns without having to do much work. Remember: The stock market is volatile, but over time, it grows.
Don't let anyone tell you that you can become financially independent even if you don't know how to invest. It's true that some people aren't lucky enough to get rich by chance, but the truth is, most people achieve financial success by learning how to invest.
Image source
Audio source
https://3speak.tv/watch?v=iskafan/hcamuihl
It's another week for the Leo&Hodl contest and this week we are tackling ways by which we can promote Leofinance. I promise you will enjoy this so sit tight and let's go.
How can Lions promote LeoFinance this year?There are many ways that this can be done but I'll focus on two;
Leveraging on social mediaUsing social media to promote Leofinance is a necessity, but it's not as easy as you might think. It will take time and effort to build up an audience on each of the major platforms — Twitter, LinkedIn, Facebook, Instagram, Pinterest, Snapchat, etc.—and then keep them engaged with quality content that provides value.
The key to building an online presence is consistency. Therefore, we need to post regularly about our community, if we want people to pay attention. More importantly, we have to make sure everything we do aligns with our overall brand strategy which is preaching the good news of decentralization.
If we only post about less valuable things, our followers will get bored. They'll feel like they know everything there is to know from, and since it does not seem as though there is something different, they won't bother coming back to see what else we are up to.
To avoid this pitfall, we will make sure all our social media posts are consistent with each other. For example, every piece of content should focus on a certain theme or topic area. This makes it easier for the people who follow us to recognize when something is new versus old content, which in turn helps you establish ourselves as an authority in the blockchain.
In addition to creating quality content, I recommend setting aside at least 30 minutes per day to engage with our followers by responding to questions and comments on Twitter and Facebook. People expect a response when they reach out to you via social media, so be sure to respond to everyone quickly.
If someone asks you a question, take five seconds to answer it and thank them for reaching out. Do this consistently, and you'll find that more and more people will come to know, like, and trust you over time.
LeoglossaryUsing backlinks and internal links to rank for SEO is a great way to help leofinance appear in the search results. But, how do you create backlinks and get them indexed?
First off, we must be on the same page when talking about "backlinks" as they can be broken down into two main categories: external and internal.
External Backlinks:
These are links that point to other websites. They have no relation to our site, which means there is nothing for Google to index or understand.
Internal Backlinks:
Internal backlinks are links within our website pointing at another part of the same domain. I know that with Leofinance it might feel as though the domain is mixed up as a result of the different frontend that we have on Hive, but we can overcome this. Internal links are relevant to our content because it relates directly to what we are talking about in our articles.
This is the reason we all need to start adding those links that have been provided in the #leoglossary to our posts. You may not necessarily link everything if it feels daunting but you can start with a few. The more you add links to your posts in the future no matter how little, it will compound.
Remember, the more relevance and authority a link has, the better. This is called PageRank (PR) and is measured by Moz's Open Site Explorer. Backlinks from high PR domains will help boost our ranking even if it isn't an exact match of your keyword phrase. So we must put our Leoglossary out there for others to pick up and link back to us.
While these aren't the only factors that play into ranking well, they definitely help. So how do you build backlinks?
Start by getting social! Social media shares are one of the easiest ways to encourage others to share our content and use our links. Sharing something helps spread awareness and gives people a reason to click through to our site. We can also join groups with like-minded individuals who would be interested in sharing our content.
Spend time creating detailed content that is worth linking to. Linking back to our content has a much higher value than just linking to other pages that don't have any context.
Lastly, focus on building quality links rather than quantity. The more trusted and authoritative websites that link to our content, the higher our rankings will go. It may take a little bit longer, but trust me: it's all worth it in the end!
I invite @olujay, @b0s, @ksam to share their ideas as well.
Image source
Audio
https://3speak.tv/watch?v=iskafan/oyewppnm
Hi everyone, today, I'll be talking about why you should invest for the long term.
I know this is something that's been said a thousand times before, but it bears repeating because most people still don't get it.
The problem with investing for the short term is that your returns are unpredictable, and can go down just as easily as up.
However, if you're looking to build wealth over time, then you need to be prepared to accept some fluctuations in your portfolio value...but there are ways of minimizing those fluctuations.
So what am I talking about? Well, firstly, we have to understand how markets works. The stock market is driven by supply and demand - when stocks are bought or sold, their price fluctuates accordingly until they're bought back again.
But buying and selling shares isn't like changing your shirt or pants in the morning.
If you want to minimize your losses, you need to think longer-term. In other words, you need to invest for at least five years. Longer if possible!
Why five years? Because it takes that long for trends to start taking shape. It might take another three or four years before these trendlines become clear, so if you've invested for only two years, you've probably missed out on half of your potential gains.
Now, you might ask: "What if I'm not prepared to wait that long?"
Well, I hope you are. But If you're not willing to do that much, you're either too impatient or not thinking things through properly. Either way, you shouldn't be investing at all.
Investing is a marathon, not a sprint. You're better off putting that money towards paying off your loans or saving up for your retirement.
There's an old saying that goes, "A bird in the hand is worth two in the bush." This is especially true when it comes to investing.
Let me give you a real-life example. Say you buy 100 shares of a company called ABC, and its share price is $10.
In one week, ABC's share price drops to $8.
Are you going to sell your shares at $8? Of course not! That would mean a loss of 20%.
Instead, you hold onto them, hoping that the price will rise in the future. A month later, ABC's share price rises to $12, and now you've made 20% profit (or $2).
This is exactly why you should stick with your investment for at least five years; you may end up making more than double your initial investment.
But how do you determine if you should stay with your investment or pull out? Well, there are various methods you can use. One of the easiest ones involves calculating the rate of return on your investment.
Say you invest $100 into an instrument, such as stocks or bonds, which gives you a 5% annual interest rate. After one year, how much do you have at the end of the year?
Well, you'll have $105 in your account.
However, if you calculate what you'd have after three years, it will be $106. And if you calculate what you'd have after five years, it will be $107.
This means that if you expect your investment to grow over time, you should stick with it. Otherwise, you might as well put that money into a savings account or earn some interest yourself instead.
Another good method is the Rule of 72. All you have to do here is divide your expected rate of return by 72. For instance, let's say you want to know how many years it will take for your investment to double in size.
You can simply divide 72 by your expected rate of return, and you'll find out how long it will take.
For instance, if you expect your investment to grow at 10% per annum, it will take 12 years for the value of your investment to double.
Of course, this rule doesn't apply to every kind of investment. But even if you're investing in stocks, you can still use this rule to determine whether you should stay with it or not.
Lastly, you can also look for companies that pay dividends. Dividends are essentially payments from a company to its shareholders, usually once or twice a year.
If you're patient enough to hold onto your shares for several years, you can make a lot of money through dividends alone.
Just keep in mind that dividend yields are not fixed; they change based on the amount of profit a company makes. So you might not always get exactly what you expect.
That being said, I believe that investors should focus on the long-term rather than chasing short-term profits.
After all, how much would you pay for a pair of shoes that will only last for six months?
image source
https://3speak.tv/watch?v=iskafan/hnktttws
As inflation goes up, interest rates are going up as well. With the looming threat of financial war, layoffs will likely be happening. There are also many good opportunities on the market right now as many people need to find new ways to increase productivity and make additional money.
If you want a job or better employment then this is an excellent time to look for something new. You may even be able to start your own business at this point in history. The coming year will see people who have been unable to get work over the past few years finally getting jobs. And that's because cryptocurrency has opened up different ways by which you can offer your skillset and get paid.
The average person might not know what cryptocurrency is yet, but once they do there will be a lot more jobs available on the market due to this technology. It isn't just about bitcoin anymore either. There are thousands of other cryptocurrencies out there created all the time.
And a lot of projects are opening up and seeking out talents to employ to build their trading, exchanges, Defi, chatbots, apps, dApps, etc.
All these things are creating new jobs. And if you're unemployed now, then you should keep your eyes open for new opportunities. Especially as more businesses begin to accept cryptocurrency. This means that you'll have plenty of options when it comes to where you can take your career.
And while you shouldn't limit yourself too much with respect to the type of industry you want to work in, you should try not to limit yourself too much in terms of location.
As crypto bridges time and space since you can operate from anywhere in the world. So you can be a part of the revolution created by crypto and take for yourself a piece of the pie as you journey into the world of decentralization.
Cryptocurrency is here to stay and will only continue to grow and expand. And with all of these new employment opportunities, it is only going to get more exciting as the months go by. It's an amazing time to join the blockchain space.
So don't wait any longer. If you are unhappy with your current situation and want to change your life, then you need to move forward and do so.
This is the right time to join the wagon since we are experiencing the bear season which is an automatic building period for everyone. Anyone who joins during this phase will benefit greatly as they are learning how to ride the waves. Everyone needs to understand the wave before jumping into it.
image source
https://3speak.tv/watch?v=iskafan/bjmebtsr
We’re all familiar with the idea that consistent effort pays off in the long term. Think of consistency as a habit. The more you do it, the easier it becomes.
Likewise, the more consistent you are with your wealth-building process, the easier it becomes over time to keep things up and maintain your discipline.
You’re also familiar with the idea that when your life becomes easy, it becomes routine, and when your life is routine, you become complacent. When you continually try new things, it keeps both of these from happening.
You are constantly pushing yourself to do something different. So what does this mean for wealth building? Consistency is the difference between what you want, and what you get. It’s the difference between a goal and your reality.
The more consistent you are with your wealth-building process, the easier it becomes over time to maintain things up and not become complacent. You’re constantly pushing yourself to try new things that can help make what you want more achievable.
You shouldn’t expect that you start investing today and that tomorrow you’re a millionaire.
There are plenty of stories about people who have turned a small amount of capital into millions within a few years. But these people are rare. Just like anything, consistency is key, and when it comes to investing, the earlier in your life you can start, the better. I would agree with the message that investing is not a quick or easy process, and an early start will help to get the ball rolling.
I know what you're thinking. You don't have the money to invest, or you have a debt to pay off, or that money is going toward your child's future.
But I'm telling you that consistency is key, just like anything else, you shouldn't expect that you start investing today and that tomorrow you're a millionaire. It takes work and it takes consistency for your account to grow.
It also doesn't hurt if you get some help from some natural forces like compounding interest
Surely, Investing is the best way to be sure that you are on track toward your goals. It may seem like a lot of work, but it is more work to not have your money working for you.
There are many ways to invest, and there is no one-size-fits-all approach that will guarantee success. So save up for an investment day so when it does come, you'll be ready for it.
https://3speak.tv/watch?v=iskafan/aaldxcao
Every day, day traders often compete against algorithms and professional traders for profit.
And the only way to be successful as a day trader is to pursue a trading journey, not as a gambler but as a business.
You must have a plan, on how to execute each trade, and emotional discipline to operate successfully.
It is important to understand that you do not need to trade for every hour in a day as this method translates to expensive outlines.
Therefore, always wait for the right entry signals and setup before you proceed.
This means you have to know when to act and went to wait.
Do not allow greed to make you want to trade every single time of the day.
Also, do not underestimate the importance of a demo account as this is going to help you learn the ropes around trading before you finally put your money in.
So utilize stimulators and back-testing software to get your hang of everything before you start putting your money on the market.
When you trade, your emotions, ego, and mental weaknesses are spread out when you lose or win.
Therefore you should start trading with small amounts of money so that you'll be able to judge how you react to different turn-outs of events.
Developing a good strategy that gives you an edge over your trading portfolio is a good thing. And this is something you should really work on to have an edge.
This way you could have more winnings and fewer losses as you trade against other traders in the market.
If you do not have an edge you should get one because if you don't you are basically gambling and not trading.
In finality, you should have a positive expectancy model and size positioning.
This will help you survive losing and discipline yourself to trade your system with a long-term outlook.
That's all for today's financial gist with iska. Stay tuned for updates. Thanks for watching.
https://3speak.tv/watch?v=iskafan/tpxqnuiy
This is a perfect opportunity to be discovered.
Veews allows you to be seen, heard, and appreciated. So you have to decide what it is you want to be known for when you are found.
Veews will fetch good content creators for those who are hungry to read and appreciate them. And you should be one of them and you can only be one of them if you try to give your best to your content.
You never know but this could be the breakthrough you need in your writing career on Hive. This is because Veews makes content discovery easier and once you are seen and you made a great first impression, the rest they say is history.
Therefore, put a lot of energy into your post, up your content writing game, and you will receive a lot of positive energy too.
https://3speak.tv/watch?v=iskafan/kbjdqrui
Like @merit.ahama said, if you are not a part of this challenge, you are missing out, get in, and let's have fun together.
Here are the shortlisted links.
Indicate interest here
Submit your promotion links here
Join PYPT on discord tomorrow
Rank up on the leaderboard using ecency frontend
Submit your posts starting tomorrow on dreemport
More details on the challenge here
Details of awards, gifts, and prizes here