Post
Topic
Board Economics
Re: You Can’t Earn Beyond Your Level of Understanding
by
Roseline492
on 26/08/2024, 14:03:44 UTC
It’s easy to think getting rich comes down to luck, connections, or simply working harder. But the real game-changer lies in your mindset. Without understanding how investments work, you’re likely to lose money in the market. Jumping into a business without knowing the risks and challenges often leads to failure. Your ability to spot opportunities and sidestep traps is directly tied to how much you know. The more you grow your understanding, the more you unlock the potential for wealth.

However,let’s be honest: We’re all operating within a system designed to push us toward spending and debt. Capitalism thrives on consumption, with everything — from ads to social media to the way jobs are structured — nudging us to chase the next shiny thing.his fuels dissatisfaction and endless comparison, making it harder to stay focused on what truly matters.

In terms of becoming reach some certain elements could also make someone to become reach such as connection which in other words considered as luck but most importantly hard work, though understanding is very crucial because is like the ingredient that makes someone to have a focus or direction because anybody who go into a business without really understanding the kind of business that would be very suitable for them to manage tend to fail so actually before starting up a business there are so many things that should be considered or put in place such as identifying the consumer needs on that area you wish to startup the business and packaging it in such a way that it will attract customers. However in regards to social media I don't believe it has any influence on us in terms of affecting our focus on something unless the person does not no what they want.