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Showing 20 of 30 results by ayydil
Post
Topic
Board Economics
Re: how to inform your family about your source of income
by
ayydil
on 17/09/2024, 04:10:22 UTC
Trust matters most on these issues. I guess, one should be absolutely honest about it when informing their closest ones. And also make the family understand how the person is making the earning and how he plans to spend it. I guess no one should be forced into spending anything they earn by online or offline jobs or works. But, informing some close ones that we trust is good because to keep it completely a secret might be counter-productive as life is unpredictable. Cheesy
Post
Topic
Board Economics
Re: Are business partners worth it.
by
ayydil
on 24/07/2024, 03:56:47 UTC
I guess it largely depends on what business one wants to start and how much capital is needed. Even if one creates a business on own money, he will surely need guidance. A partner might be useful, in context of providing funds and also to look after the business so the burden reduces. Sure, the profits will be split but it will work since capital invested is also split. Choosing the partner should be done with scrutiny though, like expertise, past works and honesty. Cheesy
Post
Topic
Board Trading Discussion
Re: The Illusion of Trading Success
by
ayydil
on 19/05/2024, 14:49:43 UTC
It is sad to see them selling their courses to people at their so called "affordable price" while they might make thousands of dollars from thousands of people who pay those affordable price. Trading I guess is just like most businesses and best way to learn it is through books, news, learning about the mindsets of the already successful traders and surely experience. I am learning trading and also been trading with small amounts and when after keeping patience for a while and seeing even small gains like 1%-2%, really feels good to see it. Grin
Post
Topic
Board Economics
Re: The SELF and Development in the society.
by
ayydil
on 19/05/2024, 07:05:16 UTC
I guess society does play a role in derailment of a person from their passion or what they really could have mastered in unless they were forced to take decisions because of pressure which can be both external or internal. Need of money, or say, greed of money when one wants to pursue a course he might not like but has more jobs, or break in educations due to financial situations in family and other problems. I agree that all of us are unique and have different abilities but situations are never predictable which kind of forces or lures us to take decisions which ideally we might not have taken. Cheesy
Post
Topic
Board Trading Discussion
Re: "Slow success builds character, fast success builds Ego." Ratan Tata
by
ayydil
on 19/05/2024, 05:21:06 UTC
I agree with the quote, indeed with time and experience we learn to be humble since we then realize how much effort it takes to make money, but during quick profits, we kind of think that it is us who are geniuses who have special abilities to make profits all the time leading to ego. Part of it is true, we are all special and unique and have our own talents and abilities, but we need to be humble enough to understand that it takes a lot more than that to sustain and gain wealth if we want to make it a profession and experience is something that refines us.   
Post
Topic
Board Economics
Re: Buying Vs Renting a Home- Which is the right move?
by
ayydil
on 18/05/2024, 09:06:29 UTC
I guess having own home is better than renting one. It is cheaper to rent than to own a house but then with own house comes perks like we can stay in it however we want, one time investment and no need to worry for monthly payments to be made. Surely, it is a subjective issue and many would prefer renting since it is cheaper and more or less renting gives almost as much of what we need in a home we need, but the freedom and peace of mind in own home is something more valuable I feel.
Post
Topic
Board Economics
Re: Hyperinflation - Will it lead Countries to Adopt Bitcoin?
by
ayydil
on 18/05/2024, 07:04:28 UTC
Really great to see and hoping for more and more adaptation of crypto as payment methods. Cheesy BTC has its volatility and surge and dump in prices and there needs to be a stabilization of its price before it can be fully used as a way to transact, I think that certain altcoins like stellar or other coins built on blockchains might be used for making payments before that since it is more secure, transparent and super fast.   
Post
Topic
Board Economics
Re: Money is all wealth?
by
ayydil
on 17/05/2024, 06:48:53 UTC
While money is really really important to survive in the world and fulfill our wishes to buy stuffs and things which we want and need, it is not really wealth in the sense that it can be said as most important of everything. Along with money, we need good physical and mental health which we can get through proper exercise and diets. We need families and friends with whom we have emotional bonding which can't be purchased with money. Overall, I guess, wealth is a combination of every positive thing we have in our lives. Money is definitely a must needed resource however. Grin
Post
Topic
Board Economics
Re: The Role of Education in Financial Literacy
by
ayydil
on 17/05/2024, 05:01:11 UTC
I think one should learn the basics in theory and doesn't require specific courses on finances to learn about managing and growing wealth, rather it is better to learn in practical ways, as in, by experiencing through investing and learning from mistakes. Investing is risky, there might be profits or losses and no one can predict the future, so automatically, one has to research about the thing they are investing in. Politics also play an important role in finances so learning about geo-politics and politics inside the nation is vital too and a person will likely learn as they invest and see everything. Cheesy
Post
Topic
Board Economics
Re: Take care of your money and learn to save.
by
ayydil
on 16/05/2024, 05:03:56 UTC
I guess definitely it is essential to invest and save money for future emergencies and crisis when you are earning and have an abundant. But I guess it would be better to save a certain percentage of total earnings consistently, and then we can use the remaining amount in whatever way we find right. Spending everything without thinking about future is never a wise move! Cheesy
Post
Topic
Board Economics
Re: Harmful effect of robot to the world.
by
ayydil
on 01/05/2024, 04:05:18 UTC
I guess it is unavoidable that humans lose jobs when machines like robots and other technological applications come into existence because of their speed, accuracy and lower cost for maintenance. But it might also generate new jobs for humans on the other hand like engineering and making robots or improving them. When computers came, lots of jobs were replaced but it created lots of jobs too. We can just hope and pray for the best. Smiley
Post
Topic
Board Economics
Re: Future occurrencies that can increase bitcoin price.
by
ayydil
on 01/05/2024, 03:34:12 UTC
I guess we can't really predict any future occurrence with certainty that can influence the price of Bitcoin to go significantly up. Sure, there are many applications of the blockchain technology, including using it as a mode of transactions, and when it is used, and I believe it will be one day out of choice or need, we might see trust of governments on cryptocurrencies which might surge the price of most crypto including Bitcoin also making the price more stable. Cheesy
Post
Topic
Board Economics
Re: Banking on people's ideas, visions, and talents.
by
ayydil
on 26/03/2024, 03:32:04 UTC
Surely, human beings have been gifted with consciousness and intellect which doesn't depend on their economical background or status in societies. So a person living an average life can come up with great ideas by using his intellect and brain when he thinks deeply. I guess there were lots of people who thought about gravity before Newton too, they just couldn't put into paper etc. I guess if money and wealth is distributed evenly and on merits, many people with great ideas can implement their ideas on their own rather than depending on someone with too much resources. 
Post
Topic
Board Economics
Re: Early exposure of children to wealth and investments
by
ayydil
on 25/03/2024, 04:40:56 UTC
I guess it is bad idea to hide any income or money saved or invested for "training" a offspring. Sure, being transparent might make them demand to purchase something, but then educating them about good and bad investments will be better. It will be bad to give them big money before they are mature, but they should at the least know the resources and funds stored or earned for them and for their future by their parents, because death is certain and can come at anytime and all those complications like "hidden money" etc. can cause fights, or a reason for struggle for the rest of the family. Cheesy
Post
Topic
Board Economics
Re: Bitcoin and it's holders in our society
by
ayydil
on 25/03/2024, 03:49:40 UTC
I guess keeping important apps and accounts protected with strong passwords and other security measures should be taken when dealing with keeping hard earned money safe. While surely there are governments which are not friendly to crypto, I guess it would be better to follow what the government is imposing for the time being for own safety, for like those people, if they managed to earn that money by working hard and then converted it to crypto, they should have good answers about the sources, if they can't give proper answers, that does indicate the chances of them being fraud. I guess for normal people too, it is better to wait and pray that government recognizes crypto then trade or hold rather than buying and then hiding it. Grin
Post
Topic
Board Economics
Re: The Prices of Labour.
by
ayydil
on 20/03/2024, 04:06:35 UTC
I guess in most places, salaries of professors are quite high. It can be a sad tragedy that the car of a professor became nonfunctional at that time. But he can afford a car, that is evident that he has money to spend on other basic needs of life. Surely, government might not give the deserved salaries to many and also cut taxes highly, but then again, we can protest or we have to be content if we already get what we need to meet the basic needs of life and save or invest any extra to meet goals and afford luxuries. Cheesy
Post
Topic
Board Trading Discussion
Re: Take Profits! Its important!
by
ayydil
on 08/03/2024, 09:44:27 UTC
I agree with you, it is better to take small profits when we get it and do it consistently than waiting for longer time for bigger profits. Smaller profits generally come quicker and although if they are small, consistently making small profits amount to a big sum, while if we wait for big gains and wait for long time, it results in frustrations and feeling of hopelessness, since market is volatile. Surely though it is a subjective decision, for some, waiting is worth it if they are patient enough and get a big profit and it also reduces risks when we trade for long term.
Post
Topic
Board Trading Discussion
Re: Should trading be for the rich?
by
ayydil
on 08/03/2024, 06:15:09 UTC
Trading can be done by any person and shouldn't be done by only those who are rich, sure, there are risks, but before trading we must learn certain skills and build some habits inside us like researching about a business or token before we want to buy a stock or portion of it and then taking a calculated risks with patience and cool mindness. Any business has to an extent a risk associated with it and trading is also one of them. Smiley
Post
Topic
Board Economics
Re: When luxury becomes a necessity.
by
ayydil
on 08/03/2024, 05:16:22 UTC
I guess as human beings, we love to lead a life having good stuffs for us, including luxurious items. It is not right to label all luxurious things as bad expense, as long as the product is not meant to only show-off to others, it is fine to buy expensive things provided one has amount to spend on other basic necessities in life and that product is useful and gives value for money. Sometimes I prefer to buy expensive clothes because they feel more comfy and also it feels good as it has a brand name and good-will. Cheesy
Post
Topic
Board Trading Discussion
Re: Trading can ruin you
by
ayydil
on 07/03/2024, 05:07:20 UTC
Trading can lead to disastrous consequences if it is done recklessly and without knowledge. Researching and scrutiny of the stock or crypto one is buying and seeing their past performances, vision for future of the company and other things need to be considered before entering the market to buy and trade. Also setting realistic profit goals is necessary as if we want to buy and then sell at too high a price, it will give frustrations when we see the stuff that we bought is not hitting that desired selling price "soon" as it takes time which demands lots of patience. Cheesy