Are you failing financially and on steemit? Then employ the rich man´s strategy
It is true that some people are born rich ( ie inherit wealth : silver spoon in their mouth) , however many people succeed in life (even in hard situations) because they think differently than others (thinking outside the box). On the other hand, however, many people remain poor because of many reasons: economic conditions, central governments corruption, bad luck, poor facilities/ lack of basic infrastructures and most importantly their mentality. Therefore, to make it , we must move out of our comfort zone and employ the rich man strategy –here are some few points:
Education /learn new things: It is argued that knowledge is power and great knowledge leads to success in all forms of life. In fact, most successful people improved their skills by learning something and striving to be the best in their field. Therefore, continues education is a good one –never stop learning.
Long Term thinking: the poor think short term (short sighted) while the rich invest long term (long sighted). In steemit, for example, those that gradually grow their steem power think in the long term because currently, steem is undervalued and thus now is the time to think like the rich and gradually grow your wealth.
Diversification and sleeping beauties: to succeed like the rich man, try to invest in different top projects that are currently undervalued. Warren Buffet use to call them sleeping beauties. One good example is steem and Ethereum Lyte (Elyte) see whitelist section of www.elyte.tech for their current crowdsale.
Moreover, diversification in related and unrelated industries is great because if one is doing bad, you can still earn from the other one.
Learn from your mistakes: we all make mistakes –therefore understanding, accepting and learning from your mistakes will always make you to be a stronger and better person. Furthermore, try to take advantage of your strength’s in order to work on your weaknesses.
Hardwork and Patience: Most successful people work hard and have patience even when things are not going in their favor. We normally see them only when they are successful , however never see or even care to see their many disappointment’s /failure before their big success. This is true with many people that give up really fast because they are not making huge money online (steemit for example) -forgetting that success never comes easy / fast. Therefore, be patience and work hard towards your goal.
Do you agree? Send in your comments .
Click here and read my former post: Will monetary reward destroy genuine interactions in steemit Platform? (2)
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Greetings, charles1
Very good your tutorial man. This area of financial education interests me a lot. I live in Brazil and here the person needs to develop in this area or else, he will depend on the government in his retirement and he will not be well.
I am writing about financial education now, using a psychological bias, since I am a psychologist. I write a post in Portuguese (Brazil language) first and the other day I bring it to English.
Thank you and good night!
Welcome and I wish you more success
Well raised point here...I agree with long term thinking too because long sightedness leads to more success in the long run. Hard work, patience, diversification and investing in undervalued projects are also great. I will , however, add positive energy ie Optimistic values , to the list...100% upped.
You are always on point, thanks for your great comments...I agree that positive energy and optimistic values are vital to success
The rich also diversify across multiple asset classes. Thinking that buying the same amount in the top 10 cryptocurrencies is not a very diverse portfolio since all coins tend to trend the same way at the same time.
The rich on the other hand have Real Estate, Private Business Interests, Publicly Traded Stocks, Cash, Bonds, Gold, Etc. They are protected from problems in any one area and can live another day.
Well analysed...I indicated this in my older posts. Thanks for your comment
Nice post Charles! :) Yes the lessons of the rich vs the poor are important to study for those of us who wish to acquire wealth, as well as enrich our lives in different aspects :)
Good point indeed, a good lesson for all and thanks for your comment
True. Most guys who have started investing on the last quarter of 2017 are always saying crypto has only led them to losses and gained nothing from it. Which is really far from true. Before crypto, have they cared about their privacy and security in the web? Have they known about 2FA and all those security practices before crypto? Have they known how to read charts and have any idea on investing on shares/stocks in any company? Crypto has made it possible for the masses to invest with little to no capital at all. I believe this market is somewhat good to flush out these kind of guys who only look for material gains for themselves and haven't realized that they have gained more than what they needed to. Have a nice day! Thanks for the link I'll surely check it out.
Wow, you analysed it well..keep steeming to more success.
@charles1, nice continuation from your earlier post.
if i can add one thing to this list it would be:
be passionate about what you do. having expectations is a waste of time and effort. But being committed because that whats make you tick is worth more. This is more of a life lesson rather than on steemit but it applies never the less.
Make people believe in you and that will not happen by merely getting upvotes. It will happen because you do so yourself
Well analysed...I agree. Thanks for your comment and more success to you.
I've heard it once:"Take away the money from the rich man and give it to the poor man, the rich man will always find the way to get it back." You have to really be self-disciplined and persistent and ready to fail, but always able to get up again and try again and never giving up. Many people and not capable of doing that. They are not hungry enough, so to speak.
Point...I agree with you. Thanks and keep up the great comments. More success to you.
Thank you and to you as well. Much success!
You have always been a trending gem in the world of steemit. an inspiration to all, thanks for the tip once again. i'm lucky to know ya.....
Welcome and I wish you more success.
Thank you so much!
Powering up and dedication are indeed they key to grow in the ecosystem!
Dedication not only by writing post and upvoting good articles but also by interacting on and even more important offside your own blog!
Lots of people forget this!
You analysed it well...I agree, thanks and more success to you
This topic is eternal.
I would add that it is important to know where you are going. A clear vision is the goal.
You must always see it in front of you. Do not get off the road.
The speed at which you reach the goal is not the most important (you can not know what will happen during the journey - unforeseen circumstances).
Smart work and patience.
Listening to changes.
Careful and thoughtful decisions.
Exchange of opinions.
Reviewing decisions already made.
Defining your own crisis situation.
crisis scenario (A, B ...).
Happiness!?
And few more factors ...
Point, I agree. Thanks