Throwing Your Life To Risk & Gamble
There are many ways to acquire the needed financial education or knowledge to survive in life, but most of the time, we inadvertently choose the way of experience. This is not because we're not cautious or scarred, but because the fear of the unknown excites us as much as it scares us.
The idea that another person cannot completely influence us with the things they do, makes us crave adventure, choosing to dive into the uncertain waters of life, rather than choose caution. The most surprising thing is that there are people who do the same thing with the same temerity, while some fail, some people succeed.
Samness Is A Big Mistake
So we cannot completely attribute success or failure to other people simply because we want to use our stories to influence their journey. The way of experience is harsh because financial education is not a course you can acquire even from the most wealthy people on earth.
This is why I mostly feel that life's ultimate goal is learning to be wiser by the day and not ultimately attaining an unimaginable height of wisdom. We can never attain ultimate mastery when it comes to money, (not that this is even good).
Money itself is a tool that hardly follows any principle. While the government can print unimaginable volumes for themselves to spend, people are left to work to earn this same money and still pay taxes, student loans, and so many others.
Money/Ethics
So because money has no ethics or principles it's easier to often associate it with some negative values: the fear of loss, greed, envy, or jealousy.
People make uncouth decisions based on the success or failures of others, we tend to react differently when it comes to money, making it difficult to learn, at the end of the day, some people only "experience things", they never get to learn or mentally develop because they couldn't check their emotional excesses. Another thing is that our lives are too short to see or know it all, this is why we're often limited by the things we're exposed to.
A person who made $20,000 all their lives and another person who made one million dollars will have different knowledge because their level of exposure might be dependent on the volume they handled. The knowledge garnered by these two people is different, however, we cannot underestimate people because we think they didn't make enough money.
The level of knowledge needed to survive scarcity is also equivalent to the level of knowledge needed to maintain wealth
The level of knowledge in the world is unimaginable
......and this is why we have different ideas, that might seem to contradict, but because we cannot learn it all, we mostly limit ourselves to what's primarily useable, yet remaining flexible, constantly learning till the day we can no longer learn.
Constantly Evaluating Knowledge
Although there are people who believe they have all the knowledge they need about money, so it's often difficult for them to agree with others or reason with them. They're not bendable, and this is why they often bask in their knowledge thereby reducing the chances of exchanging interactions that could lead them to knowing things they surprisingly didn't know.
This lifestyle is synonymous with self-acclaimed accomplished people. They're everywhere in all works of life. But this isn't surprising, having money comes with the fulfillment of owning everything.
But we must understand that our learning process can be repetitive.
We make mistakes, fall, get the needed education and exposure, rinse, and repeat. In reality, if we're to carefully scrutinize this cycle, it seems quite predictive and redundant, but I have come to understand that we mostly choose lives that are untethered, undefined, and unconquered, this isn't because such lives guarantee us certainty of success.
we do so because everyone sets out in life looking to enjoy the derivation of fulfillment from the choices we make. (To be Cont'd)
Interested in some more of my works?
Reviewing A $400 Samsung Galaxy A72 (photos Included)
Hive's Scalability & The Compromise Of Commitments
Money: The Consequences Of Making The Right & Wrong Decisions
The Nigerian Economy: Monopolizing Incompetence
The Experiential Process of Understanding Money
A Case Of Theft On Hive: Here's Why Some People Choose Scam.
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FACT....
Infact I personally think that more knowledge is even needed to maintain the wealth ,losing wealth is easier than making the wealth..
This is true, however point of view is why people often think that their angle is always unique. Exactly maintaining wealth is difficult, sustaining oneself through a period of scarcity requires knowledge and temerity.
One of the major lessons I picked from your writeup is that one should never stop learning whether rich or poor or very rich.
Well, thanks, that's about another angle to look at it from.
Life is full of cycles where we are all learning. Mistakes will happen and we will be way more successful if we learn from them and move on. I think money is hard to define as good or bad because it's up to the person using it to determine if it's good or bad. I think that people who suffer under hard times will do better than others because they are way more memorable.
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Yeah, hard times are really memorable like you've mentioned, learning from difficult situations can help one master how to relate with less fiesty situation. Loss is probably a more impactful teacher than profit ever will be.
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This is pure financial education. I have learn great lesson regarding the right view of money. That's why I've reblog this post and am also going to share it with Leo threaders to know their view too. Thanks for this timely information.
Thanks for reading and the rethread on leothreads as well.
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Thanks for your commendations
https://leofinance.io/threads/@marajah/re-leothreads-6d2vug
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Fact! Its a product of hardwork and smartness. These smart financial decision comes from daily experiences, not impacted from others.
Fact! Although its a major role of the govt to print and its circulation. Also, their roles to manage it effectively, to increase its value, worth and its purchasing power against inflations
Totally agree, when I use to be an IT at some point I started to pretend I just didnt know things preventing myself from making mistakes, sometimes when we practice the "know it all" about a certain topic tend to assume things that let us to mistakes, in my experience this is part of growth in all matters but its most risky on financial topics as we can end up gambling everything when we think we are "investing", this type of wisdom only comes with time and mistakes
Hahaha, you're right. There are times we think we're investing, meanwhile it's only just gambling. You've highlighted the fact that some knowledge we need will come with Only time and experience and there's nothing we can really do to control it.
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Greetings,
I agree with the financial education type of mindset we should adopt whether the financial situation is bad or positive.
Thank you for sharing these nuances in life when we deal with finance.
Peace
Thanks for the comment and you're exactly spot on with that one.
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Life is not waiting for anybody and what you know today that fetch you a lot of money might be outdated tomorrow and is why we must be willing to learn and improve everyday. Leaning don't stop even when you have it all.
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You're right bro. Learning doesn't stop, each and everyday teaches us some particular life lessons that are very relevant and important for us as well.
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