My personal opinion

 Have you ever paused to consider, "Am I truly making progress here?" It's a common thought, particularly when life seems like a never-ending cycle. We're often told progress equals a bigger title, a fatter salary, or a fancier car. And sure, those can be signs. However, what constitutes genuine, deep-rooted progress? That often looks a little different, and honestly, a lot more personal. How can you determine if you have advanced? For a moment, let's set aside the conventional scorecard and examine some authentic signs that you're not merely drifting aimlessly but genuinely creating a life you cherish.  Your financial situation feels less stressful. Okay, let's be real, money isn't everything. But having enough money and using it wisely is a giant freedom. Think back a few years. Were you constantly sweating over bills? Were you constantly balancing your rent and groceries? A sign of progress: You're not just getting by; you're building a buff...

 We've all heard the saying, "Money can't buy happiness," right? It's a well-worn phrase that usually comes up when a wealthy person is behaving like a total jerk. But what if true wealth wasn't just about happiness but something deeper, something that reflects the very core of our being? A quote from the fictional book "Manners in the Great Kingdom" hints at this idea: "If we think morally correct and our actions are in the interest of people and nature, then we show how rich we are." The story isn't a conventional tale of wealth and poverty. It's more about understanding what constitutes genuine prosperity, beyond overflowing bank accounts and flashy possessions. First, the quote emphasizes the importance of moral correctness. It's not just about following the law (though that's a good start!). It's about cultivating a sense of right and wrong, guided by empathy and a genuine desire to do good. Think about it: how many...

We often equate wealth with bulging bank accounts, fancy cars, and sprawling mansions. But what if wealth was something far more profound, something woven into the very fabric of our existence? That's the idea sparked by a powerful quote from the book "The Wealth of the Great Kingdom": "Wealth is everything that the creator has given us, everything that surrounds us." This isn't just a feel-good statement; it's a radical shift in perspective. It challenges us to move beyond a purely materialistic view of wealth and appreciate the abundance that already exists in our lives. The phrase "everything that the creator has given us" is loaded with potential for interpretation. For some, the "creator" might be a divine being, bestowing blessings upon humanity. For others, it could represent nature itself, the source of all life and resources. Regardless of your personal beliefs, the core message remains: we are born into a world already teemi...

We all know that feeling. You’re browsing online or wandering around a store, and something catches your eye. It's shiny, it's new, and it might even be on sale! Soon, you're justifying your need for it, even though you know you probably don't. But it’s reassuring and a boost to your self-esteem, right? It’s just a small purchase. The adage, "He who buys what he doesn't need, sells what he does need," brings a stark reality to this impulse shopping. It's not just about being frugal (although that's definitely part of it). It's about priorities and the potential consequences of mismanaging your resources. Think of it this way: every purchase, no matter how small, is a decision about where your money goes. When you spend on things you don't really need, you're diverting funds from things that matter—your basic needs, your future, and your security. The proverb highlights a dangerous cycle. It’s not just about the immediate overspending; i...

A single quote from the book The Heir of the Dynasty perfectly encapsulates the complex relationship we all have with finances: “He who controls money need not fear it. However, those who cannot control money will always find themselves lacking it. Although it may appear straightforward, a closer examination reveals that it holds a profound significance. At its core, the quote highlights the difference between mastery and being mastered. It’s not about having money; it’s about controlling it. Think about it—we’ve all heard stories (or maybe experienced them ourselves) of lottery winners who ballooned their fortunes over a few years. They had a giant influx of money, but they lacked the control, discipline, and understanding to manage it effectively. Instead of being masters of their wealth, they found themselves subservient to it.  The first part of the quote, “He who controls money has nothing to fear,” speaks to a sense of security and empowerment. When you understand how to mana...

 The Heir to the Dynasty is a book rich in observations about human nature, power, and the intricacies of family. Within its narrative, one particularly poignant quote rings with universal truth: "When we have something, we don't pay attention to it. When we don't have it, we strive to have it, whether or not we need it." Our tendency to underestimate what we have and relentlessly pursue what we don't have, even if that pursuit is ultimately disastrous. The first part of the quote, “When we have something, we don’t pay attention to it,” speaks to the phenomenon of taking things for granted. It’s a deeply ingrained human tendency. Familiarity breeds complacency. Objects, relationships, and even our own health become background noise, unnoticed until their absence brings them to the forefront. Think of the everyday conveniences we often neglect: reliable electricity, clean running water, and the company of loved ones. We only truly appreciate their value when they’r...

Proverbs are wise folk sayings, passed down from generation to generation, that contain valuable lessons and observations about human nature and the realities of life. One such proverb, still relevant today, is "Many know how to make money; few know how to keep it." It reflects the profound difference between the ability to increase income and the ability to manage and preserve that income over time. Let's take a closer look at the meaning of this proverb, analyze the factors that seem to account for its relevance, and offer strategies for increasing financial literacy and preserving wealth. The essence of the proverb is clear: making money is a skill that can be developed and mastered by many people, but successfully managing and preserving that money is a much rarer quality. The proverb does not diminish the significance of income generation; rather, it emphasizes that it is only half the journey to financial stability and prosperity. The other half, often overlooked, i...

The power of money and power is a powerful force.   In life, we often encounter people who try to compensate for their shortcomings by demonstrating material wealth or their position in power. The proverb “I may be small, but when I sit on my wallet, I become taller than everyone else” perfectly illustrates this tendency. What truly underlies this display of ostentation, and in what ways does it impact our society?   Money has long become a symbol of power and status. In many societies, material wealth is associated with success, influence, and even intelligence. Therefore, it is not surprising that people strive to demonstrate their financial situation so they feel more confident and significant. Those with real political power always show that they are an unavoidable factor, and we must take their perspective into account and suffer the consequences, even if we harm others.  For some people, displaying wealth or demonstrating power is a way to compensate for p...

I believe that Putin wants to use this uncontrolled money as quickly as possible, provided it becomes international currency. He knows that its use will be the beginning of the downfall of America. After all, their strength is in the dollar. But basically, every empire collapsed with help from within. There is one unknown answer for all. The Russians believe the CIA developed the technique. Americans believe the Japanese secret services invented it. The Japanese think it is a development of the Chinese. Politicians believe there is a conspiracy against democracy, arguing that if they do not control the distribution of the budget, it will lead to anarchy. Businesses prefer this approach because it allows them to retain their funds domestically and avoid seeking offshore companies. Optimists perceive immediate profits, while pessimists believe that the game will eventually end and that this is the largest pyramid scheme of the century. The CEO of Facebook secretly rejoices that his Libra...

 For people from Warren Buffett, one of the world's most successful investors, is known for his wisdom and simple yet effective money management advice. Whether you are a beginner or a seasoned investor, his advice can help you achieve your financial freedom. Top tips from Warren Buffett Pay yourself first. Every time you get a paycheck, set aside a certain amount for investments. This creates a habit of saving and investing, which is essential for long-term wealth. Live below your means: Avoid the temptation to spend more than you earn. Live frugally and invest the difference. Invest in yourself: Education and acquiring new skills are the best investments you can make. This will help you increase your income in the long run. Diversify your portfolio: Avoid concentrating all your investments in a single asset. Invest in a variety of assets to reduce risk. Think Long Term: Avoid letting short-term market fluctuations influence your decisions. Focus on long-term goals and be patient....

Have you ever wondered why the super-rich, with wealth far exceeding that of average millionaires, opt for a lifestyle draped in far less ostentatious, yet more power-imbued style? What is the secret that separates these billionaires and millionaires, particularly when it comes to displaying their wealth? The distinction lies not merely in the zeros that add to their bank balance but rather in their attitudes, tastes, and principles that govern their wealth display. As captivating as it may sound, it's the humble approach the wealthiest keep toward their lives that encourages them to lead an unpretentious and less flamboyant life, in contrast to the typical millionaire archetype. The first trait that you'll notice is the superrich's inclination toward subdued opulence. Instead of public extravagance, they prefer inconspicuous consumption, viewing their riches as a tool for their distinctive way of life, not a baton to bathe in unabashed luxury. It's the discretion in co...

Have you ever wondered what the richest and most successful people have in common? It is certainly not their place of birth, the color of their eyes, the color of their skin, whether they had divorced parents, etc. What they have in common is that they read books. And a lot of books. You must be wondering who these special books are. There is hardly a success bible. There are many different books specifically for financial success. The reality is that they can point you in the right direction. How to organize your budget and how to invest. Yes, they are also a factor in decent financial discipline. The truth is very different. There is a story hidden in every book. In this story, you can find an opportunity for your dream. Fall in love with an item or service that you can develop. Then sell this idea of yours. Try to read one book a week. Let them be in different genres. Figure out what exactly you like. Then read at least a dozen books in this genre. Think and conclude again. You don...

I am interested in the  movement of money and the fundamental factors. I am definitely not a stock player who buys today and sells tomorrow. However, when I visit various groups, I often observe them engaging in arguments and seeking quick profits. Many people will say you should do fundamental analysis. Most people believe that you should be proficient in both fundamental and technical analysis. There are numerous specialists in the field. For me, it is important to choose from 3 to 10 stocks at a maximum. You should allocate up to 50 percent of your portfolio to your three favorite stocks, with the remaining stocks allowing you to average the risk. Everyone quotes Mr. Buffett, but their actions make them want to get rich if they can right now. Looking at Mr. Buffett's portfolio, you can see that he has been buying and holding for years, and his patience has paid off. There are both good and bad moments. I also believe that by investing, you have effectively made a choice; therefo...

Although investing in the S&P 500 gives the impression of being the most popular choice, there are other options available. During the past few years, the Hong Kong stock market has experienced tremendous development, which has enabled various companies to continue to receive stable dividends. Hong Kong equities are currently relatively inexpensive compared to those in other developed countries. This presents an opportunity for investors to potentially generate higher returns by investing in Hong Kong dividend stocks under the current market conditions. A significant number of Hong Kong companies have been continuing to distribute dividends for more than 10 years, which is an indication of their financial stability and dedication to the value of their shareholders. Hong Kong-registered firms can issue bigger dividends to their shareholders because they are subject to a relatively low corporation tax rate. With a reputation for being a financial hub, Hong Kong is home to a stock mar...

This is the simplest method of compound interest. I suppose there are many books on the subject, and all I am doing is expressing my personal opinion. The most important question that every person should ask themselves is, how can they grow their money? Investing in profitable stocks is key. Please determine how to identify those stocks. There are a few different ways to do this. But my strategy is to just keep going down that path. My first goal is to get fifty percent of the portfolio to make it healthier and safer. Finding the company within the Global 2000 is the first step in the process. Being in the Fortune 500 is the second phase in the process. The third step is to ensure that the company is consistently ranked among the 30 most valuable businesses in the country in which it is incorporated. At a minimum, the company should be ranked among the top brands in the nation in which it is incorporated.  The third requirement  is the fourth need. In other words, it indicates...

Some companies have been paying dividends for over fifty years. This signifies a significant shift in business practices. It's akin to receiving interest from a bank. This is the OnePlus. The other main option is that they also increase in value. If you receive a salary and do not have any loans, the value of your money will increase. Some numbers are accumulating in your account that you cannot spend. As it turns out, you have such an opportunity almost every month. Money is accumulating in your bank account, but is it outpacing inflation? I do not believe it. However, if you invest this excess money in a developing business or company with dividends, you have an opportunity  to manage your money. You have the opportunity to make your money work for you. Besides growing, you can also get consistent returns on your money. The companies listed below are proven to grow your money.   American States Water,  Dover,  Emerson Electric,  Genuine Parts,  ...

If interest rates go up, the cost of borrowing money will also increase. This increase will impact individuals who have variable-rate loans, as well as businesses that borrow money for expansion or other purposes. The higher cost of borrowing could lead to less spending and a slower economy. Investments that pay fixed rates of interest, such as bonds, will decrease in value when interest rates rise. This is because investors can get a higher rate of return by investing in other assets, such as stocks.  An increase in interest rates will cause the value of the dollar to rise. This increase is because investors will want to put their money in assets that will earn a higher return, and the dollar is considered a safe investment.  An increase in interest rates will lead to higher inflation. This is because businesses will pass on the higher cost of borrowing to consumers in the form of higher prices.  A rise in interest rates will cause the economy to slow down. This is becau...

To be honest, my knowledge of cryptocurrencies is limited. I've perused some online articles and listened to the buzz, but I'm primarily observing from a distance. I comprehend some of the purported advantages—the application of blockchain technology and its potential to transform other aspects of the internet. It’s innovative; I’ll give it that. However, the fact that we still don't know who created Bitcoin, the original cryptocurrency, is a significant concern. In this age of massive data collection and widespread surveillance, how can someone remain completely anonymous? It just seems a little…suspect. Validators will control transactions. I don't really understand the technicalities, but from what I understand, it's not really decentralized. It's more like a parliamentary system. But a decentralized parliamentary system has its drawbacks, and it makes me wonder how those drawbacks will play out in the future. Who is ultimately responsible if it all collapses...