From what you've said, I can pick out that you're basically saying without proper knowledge and understanding of a required field, trying to make yourself a lot (of money) will lead you to poor or low productivity.

I understand your take well, everyone has expenses regardless of how low or high their income is and whatever part of the world they live in. It all left to us to spend wisely and likewise invest wisely, be it high-risk assets, low-risk assets or Bitcoin, we need to have basic understanding of all these before we invest in them.

 I for instance I am into Bitcoin investment, I've met a couple of people who have the zeal to invest but don't know much about it. I try my best to help them understand more about it so they can invest without regrets, this awareness is very much needed as not many people have basic understanding of Bitcoin and how to invest in it.

One of the things I've learnt from watching Andrew Tate interviews, there's a particular one he said when you're young and still in your youth is the right time for you to get up, know what you want, be determined and make that money. It's better to wakeup and get rich while young than stressing ourselves in our old ages getting poor salaries from regular day jobs.

 There are lots of mature and old people who got rich in their old ages but still live in a bit of regret as they wasted their youth on irrelevant things. The time is now while we're still youthful, we need to kick out laziness and procrastination, put in hard work and efforts to get rich in our young days so that by the time we are old we get to live a more relaxed life and not be broke.

Of course everything is a process, but we need to follow that process with determination and strong will in order to succeed.

I get your moral lesson really well, investing from a young age might seem risky for some people (reasons best known to them). I for a fact have started my investment journey, it doesn't matter the risks, everything has its risks but the goal is to be able to live a well enough life even at times of inflation and also like you said build generational wealth. It is said that if you plan well and do your best, you will succeed. I pray we all succeed.

Exactly my opinion on it, instead focusing on savings that momentum and money should be cornered into investments because with only savings, the purchasing power of your money will eventually be devalued by inflation but with investment you stand a good chance at gaining.

Consumption smoothing is the practice of optimizing our standard of living by ensuring a proper balance between spending and saving during the different phases of our lives. Those who overspend and put off saving for retirement to enjoy a higher standard of living often have to work longer or reduce their standard of living in retirement. Those who over-save will live a more frugal lifestyle while working to enjoy a better lifestyle while retired.

In each case, the overall standard of living is less than optimal.

Now, how helpful could this be during times of inflation?

Just like I said, it all narrows down to what you think works best for you as some people opt to invest in bonds. I personally prefer investing in Bitcoin to bonds and securities.

I didn't say investing in Bitcoin requires high knowledge though, I just said the right knowledge and understanding. I don't think it's fair saying it requires basic computer security because we all have different levels of understanding, sometimes what I consider basic might seem very complex to you and on the other hand what you consider basic could be a very complex thing to me. I don't know if you understand my point.

Slipped my mind I forgot, low returns on savings is also a consequence if the interest rates on your savings accounts or other fixed-income investments don't keep up with inflation, the real returns on those investments may be negative. Even though you're earning interest, the purchasing power of your savings is actually decreasing.

It'll prove useful putting these factors in mind and consider strategies to protect and grow your savings in the face of inflation, finding alternative ways of income could also help in some way, like investing in bonds and stocks I mentioned earlier. Bitcoin clearly has higher returns if you go about it with the right knowledge and understanding. At some point it gets to doing whatever works best for you and yields credible enough results for you.

Both agriculture and oil have their important roles to play in the economic success of a country. Countries that have very fertile land for agriculture but low oil reserves can grow produce and trade such products with countries that have abundant oil reserves but in turn don't have the fertile land to grow agricultural produce, develop good international relations with such countries and could also import oil from such countries and vice versa.


International trade plays a good role in this perspective, when you don't have what you need, you use what you have to get what you need from who has what you need but doesn't have what you have and are in need of it.

Economic growth can be referred to as the increase that is witnessed in the monetary value of all the goods and services produced in the economy during a time period. It is a type of quantitative measure that reflects the potential increase in the number of business transactions taking place in the economy.

It can be measured in terms of the increase in the aggregate market value of additional goods and services produced by using economic concepts such as GDP and GNP.

Growth means only increase in national income while development means not only increase in national income but also increase in employment level, standard of living, literacy rate, reduce income inequality and many more indicators.

There are two types of consequences: if you have money on your bank account they lose their purchasing power because you are subjected to an "implicit tax" because your saving are cut by the increasing in the price level. So you should be able to invest your money in bond or in  the Capital market in order to close the gap with the inflation rate.

Obviously investing you can achieve more profits but losses at the same time, due the equation more yield and more risks.

If you want an advice you can just think to invest your money in bond because Central Banks will decrease interest rates in the long run because inflation is falling sharply.

EFCC are one of the most useless organizations in this country, arresting BDC operators like it's their fault our economy is bad, like they're the ones who dictate the value of dollar in the country. Everyone knows this administration started in failure, right from the start of fuel subsidy removal we knew there'll be a price hike in the country. Now I'm hearing of electricity subsidy, when our bills are already high and we don't enjoy constant electricity. Instead of focusing on how to patch up the leaks in our economy our leaders are always turning their attention to the irrelevant things or ways to harass citizens and make life more difficult for us. It is well, let everybody just hustle and pray hard.

My fellow Naija brothers and sisters as e be so dollar don reach 1700 today, as at this morning wey I check my binance rate na 1738. Country sad, government sad, things cost but life goes on. I urgent everybody make them find ways to earn in $ because Omo, this our currency na rubbish currency wey just the fall everyday.


You no fit the earn in naira wey you go get peace of mind as things be, except your papa na politician sha even we wey the earn in $ e get as e be. Based on how this country don tire you I urge everybody make them find way earn in $, Twitter dey pay, affiliate marketing dey pay, forex dey pay, freelancing dey pay. Plenty things dey to get money from, I no advice make you do yahoo but if na that one be your calling then fire the go since government ma no send anybody. Follow who know road, this no be time to dey idle use your head well.

And as you the follow who know road, know who you the follow, e get why. BTC

There's been quite the fuss about the bull run, I might be a newbie here but I guess we all have our voices and opinions. To spot possible possibilities, I would suggest that you keep a close eye on the cryptocurrency market. Even in cases where the market appears to be headed for a bull run, things can turn around quickly. Focus and recognize the chances that are in front of you, generally speaking, I'm an advocate of holding onto coins for the long term, but it all depends, sometimes people are in it for the short term. And also, there's always an opportunity in Bitcoin. I reckon those waiting for it's price to drop to just buy already, I know a couple of friends who are waiting for Bitcoin to drop to the price it was at the beginning of 2023. It might happen, but most likely will not. Take your chance now, buy and invest for the long term.

It is often safe to disclose your Bitcoin investments to your bank, but you should be informed of the laws in your country and the policy of your bank regarding cryptocurrencies. It's best to check in advance as certain banks can have particular guidelines or limitations. When providing your bank with such information, you should, in my opinion, also take into account the possible effects on your taxes and financial profile.

Crypto trading in general has the tendency of making one feel miserable, why? Many people just hear that "oh, this coin is low priced and has potential, let me buy and sell in a couple of months or so". That's the beginning of failure, you don't just see something new and then just jump straight into it without proper observation and understanding. Trading is very profitable, but not everyone can profit from it as not everyone is ready to sit back and learn about it before involving themselves in it.