Where True Wealth Lies

 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 times have you seen someone with all the material wealth in the world make choices that are, frankly, morally bankrupt? They could be enriching themselves at the expense of others, recklessly exploiting resources, or simply acting with a callous disregard for the well-being of those around them. This quote suggests that these actions, regardless of their financial payoff, actually indicate a lack of true wealth. A moral compass, on the other hand, is a treasure in itself. It guides us to make ethical choices, even when they're difficult, and it promotes a sense of honesty that no amount of money can replicate. Next, the quote illustrates the importance of actions being in the interest of people and nature. The present is the critical moment. It's not enough to just think morally; we need to translate those thoughts into actions that benefit the world around us. This task extends beyond just being "nice." It involves considering the impact of our decisions on others, both near and far, and on the delicate balance of the natural world. Are we contributing to a society that lifts everyone up, or are we perpetuating systems of inequality? Are we mindful of our consumption habits and their effect on the environment? Do we actively seek ways to contribute to the common good? This part of the quote encourages us to ask ourselves these questions. By prioritizing the well-being of people and the planet, we're investing in a richer, more sustainable future for everyone. Such action isn't just altruistic; it's ultimately self-serving. After all, our well-being is intrinsically linked to the health and prosperity of the world around us. A society riddled with inequality and environmental degradation is hardly a recipe for true wealth, no matter how many yachts you own. The final part of the quote brings it all together: "Then we show how rich we are." It asserts that moral behavior and actions that benefit others are the true indicators of wealth. It's a wealth that can't be measured in dollars and cents but rather in the quality of our relationships, the positive impact we have on the world, and the sense of purpose and fulfillment we derive from living a life of integrity. This kind of wealth isn't inherited; it's cultivated. It requires conscious effort, self-reflection, and a willingness to challenge our biases and assumptions. It means choosing kindness over cruelty, generosity over greed, and sustainability over short-term gain.  So, the next time you find yourself chasing after material possessions or comparing yourself to others, remember the wisdom from "Manners in the Great Kingdom." True wealth isn't about what you own but about who you are and how you treat the world around you. It's about living a life guided by moral principles and dedicated to the well-being of both people and nature. This, my friends, represents a richness that truly matters. It's a richness that enriches not only our lives but the lives of everyone we touch. It’s a wealth that makes the world a better place, one act of kindness, one ethical decision, and one conscious choice at a time. And that's a legacy worth striving for.

More Than Just Money

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 teeming with gifts. Think about it. Air to breathe, water to drink, and sunlight to warm our skin—these are fundamental necessities that are freely given. Then, consider the natural resources that fuel our societies—fertile land, minerals, and forests. These are all inheritances, gifts that predate any economic system. The quote reminds us that true wealth begins with the foundation provided by our planet and, for some, a higher power. But the quote doesn't stop there. It expands our understanding of wealth to encompass "everything that surrounds us." This is where the real depth lies. Suddenly, wealth isn't just about tangible possessions; it's about our environment, our relationships, and our experiences. Consider our ecosystems. The intricate web of life, from the smallest microorganism to the largest whale, provides invaluable services. Forests clean our air and regulate our climate. Oceans provide food and transportation. Bees pollinate our crops. These ecosystems are not just beautiful; they are essential to our well-being and, therefore, a form of immeasurable wealth. Then there are our relationships. The bonds we forge with family, friends, and colleagues provide support, love, and a sense of belonging. These connections are arguably more valuable than any amount of money. They offer comfort in times of hardship, celebrate our successes, and enrich our lives in countless ways. Finally, consider our experiences. From witnessing a breathtaking sunset to learning a new skill, experiences shape who we are and add depth to our lives. These moments of joy, wonder, and growth are invaluable investments in our personal well-being. By broadening our definition of wealth, the quote from "The Wealth of the Great Kingdom" encourages us to appreciate the richness that already exists in our lives. It urges us to move beyond the relentless pursuit of material possessions and cultivate a deeper connection with the world around us. But what are the practical implications of this shift in perspective? How can we translate this philosophy into action? Firstly, it encourages mindful consumption. When we recognize the inherent value of natural resources, we are less likely to waste them. We become more conscious of our impact on the environment and strive to live more sustainably. Secondly, it promotes stronger communities. By valuing our relationships and investing in our social connections, we create a more supportive and resilient society. We become more willing to help others and contribute to the common good. Thirdly, it fosters gratitude and contentment. When we appreciate the abundance that already surrounds us, we are less likely to be driven by insatiable desires. We find joy in the simple things and cultivate a sense of inner peace. In conclusion, the quote "Wealth is everything that the creator has given us— everything that surrounds us" is more than just a pretty sentiment. It's a powerful reminder that true wealth extends far beyond material possessions. It encompasses our natural resources, our relationships, our experiences, and our connection to something larger than ourselves. By embracing this broader definition of wealth, we can cultivate a more sustainable, fulfilling, and meaningful life, both individually and collectively. So, let's take a moment to appreciate the true wealth that surrounds us and work toward preserving it for generations to come.

The harsh truth hidden in a proverb: Buying what you don't need

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; it suggests a potential chain reaction. That impulse purchase may seem harmless now, but it could lead to financial strain in the future. You may have to dip into your savings, take on an extra job, or even sell something valuable—something you actually rely on—just to make ends meet. We live in a consumer culture that is constantly bombarded with advertisements and tempting offers. We’re told that buying the latest gadgets, the trendiest clothes, or the finest coffee will make us happier, more successful, or more popular. But the truth is, many of these things are just distractions. They’re shiny objects that take our attention (and our money) away from what really matters. The proverb, however, is not advocating a life of deprivation. It’s not about never treating yourself or denying yourself small pleasures. It’s about being mindful of your spending habits and understanding the long-term consequences of your choices. Consider the following scenarios: The Gadget Addict: Always buying the latest phone, even though their current one works perfectly. Eventually, they may struggle to pay rent or afford a major car repair. The Fashion Victim: Constantly buying clothes they rarely wear, filling their closet with items they’ll soon throw away. Then they may find themselves unable to afford much-needed medical expenses or a course that could advance their career. The Subscription Collector: Signing up for countless monthly subscriptions that they barely use. Over time, these small monthly fees add up, impacting their ability to save for a down payment on a house or a comfortable retirement. Here's a straightforward illustration. A colleague went to a cafe every morning before and after work. He always complained about the lack of funds for the family budget for summer holidays. One day I turned to him and asked him. How much money does he leave in this cafe per day? He replied that he liked to visit the cafe and spent an average of six euros per day, including on his days off. I simply told him, "So, you spend 180 euros per month and nearly 2,200 euros per year at this cafe." And what tariff plans do you use on your phone, and what are the costs there, per year? Because I still don't have a smartphone, I was interested in the costs per year. The colleague turned to me and asked me if you calculate everything on an annual basis. I replied that this way I can calculate the costs for a year and sometimes years in the future. If you calculate the numbers this way, you might find them quite surprising. But after a year, and of course after several conversations with me, my colleague had already saved over 7,000 euros. So, how can we prevent ourselves from slipping into this trap? Here are some practical tips: Needs vs. Wants: Before you make a purchase, ask yourself, is this item a need or a want? Be honest with yourself. The 24-Hour Rule (or more!): If you’re tempted to buy something on impulse, wait 24 hours (or even a week) before making the purchase. You may find that the urge has passed. Budgeting: Create a budget and stick to it. Knowing where your money is going can help you make more informed spending decisions. Practice Mindful Consumption: Recognize the strategies used by marketers to lure you into purchasing unnecessary items. Prioritize Experiences Over Things: Often, the memories and experiences we create bring more lasting happiness than material possessions. The saying, “He who buys what he doesn’t need sells what he needs,” is a timeless reminder to be mindful of our spending habits and prioritize our needs over our wants. It encourages us to be responsible stewards of our resources and avoid the trap of consumerism. It’s a simple yet profound lesson that can help us live a more fulfilling and financially secure life. So, the next time you’re tempted to buy something you don’t really need, remember this saying and ask yourself, what am I potentially sacrificing in the long run?

Do you control your money, or does it control you? It’s a question worth pondering

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 manage your finances—whether it’s budgeting, investing, or simply making informed spending decisions—money stops being a source of anxiety. It becomes a tool, a resource that you can use to achieve your goals and build a better future. That control creates confidence. You don't have to worry about financial stability or unexpected expenses. You have a plan, and you’re in charge.  This part of the quote also hints at a deeper kind of power. Having control over your finances frequently translates into having control over other areas of your life. Control over money creates opportunities and serves as a safety net during times of crisis, enabling you to pursue your passions without financial limitations. In the context of “The Heir of the Dynasty,” this control probably represents a significant advantage in the power dynamics within the family and the world at large.  Now let's move on to the second part: "But he who cannot control it always lacks." This portion is where the quote really stings. Reality often confirms this harsh truth. Lack of financial control leads to a constant state of scarcity. You're constantly chasing your tail, struggling to keep up with the bills, and feeling like you're never getting ahead. This scarcity encompasses more than just a lack of money; it also encompasses a lack of opportunities, a lack of freedom, and the ongoing stress of living in a precarious situation. The word “always” is particularly strong here. It suggests a cyclical pattern. Financial insecurity traps you without the ability to manage resources. Even if you receive a promotion or a bonus, if you lack the skills to handle this additional income, it will ultimately escape your grasp. Lack of control is likely to be a weakness that others will use against you. Anyone who can’t manage their money is likely to be vulnerable, easily manipulated, and ultimately at the mercy of those who do have control. The quote from the book isn’t just about personal finance; it’s about power, control, and the fundamental relationship between individuals (or characters) and resources. It implies that true wealth is not how much money you have but how well you manage it. It’s a timeless message that resonates far beyond the pages of The Heir of the Dynasty, offering a valuable lesson for anyone who wants to build a secure and fulfilling future. This quote raises the question: do you control your money, or does it control you? It’s a question worth pondering.

The Paradox of Possession: Longing for What We Lack

 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’re threatened or lost. This lack of appreciation stems from several factors. Firstly, we are habitual beings. Our brains are wired to filter out the familiar, allowing us to focus on new and potentially threatening stimuli. This efficiency comes at the cost of ignoring the blessings that surround us. Second, the hedonic treadmill plays a role. We adapt to positive experiences by reducing their impact on our overall happiness. Over time, what once brought us immense pleasure gradually fades into the new normal, losing its appeal. The second part of the quote, “If we don’t have it, we strive to have it, whether or not we need it,” delves into the realm of desire and aspiration. This highlights our innate desire for more, often fueled by external pressures and societal expectations. We are constantly bombarded with images of what we lack: a newer car, a bigger house, a more exotic vacation. This constant exposure cultivates a sense of inadequacy, causing us to relentlessly pursue these perceived needs. The phrase “whether or not we need it” is particularly insightful. It suggests that our desires are often divorced from true need. We are driven by need, not necessity. This can lead to a cycle of perpetual dissatisfaction. We acquire the desired object, experience a fleeting moment of satisfaction, and then quickly move on to the next perceived deficiency, leaving us chasing an ever-elusive goal. This pursuit can be especially destructive when it comes to more abstract concepts, such as power, status, or recognition. The relentless pursuit of these things can lead to unethical behavior, strained relationships, and ultimately a hollow victory.  The relevance of the quote extends beyond individual behavior, offering insights into broader societal trends. Consumerism, with its constant emphasis on new and improved products, thrives on this very principle. Advertising preys on our insecurities, highlighting what we lack and promising satisfaction through acquisition. This creates a cycle of relentless consumption, fueled by the illusion that happiness is just around the corner, in the next purchase.  Ultimately, the author’s observation serves as a powerful reminder to cultivate gratitude and critically examine our desires. By consciously appreciating what we already have, we can free ourselves from the cycle of constant striving and find contentment in the present moment. It challenges us to question the source of our desires and to distinguish between real need and fabricated need. In a world driven by relentless ambition and consumerism, this ability to distinguish between true value and fleeting gratification is more important than ever. The lesson from “The Heir to the Dynasty,” embedded in this insightful quote, is a timeless reminder to appreciate what we have before it’s gone and to be mindful of the desires that drive our actions. 

Many know how to make money; few know how to keep it

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, is the ability to manage finances wisely, invest strategically, and avoid making wrong decisions that can lead to the loss of what you have earned. Many people fail to save their money because they lack financial literacy. Financial literacy is the knowledge of the basic principles of money management, including budgeting, investing, and debt management. Many people have never received formal education in these subjects and rely on intuition or the advice of friends and family, which often leads to poor decisions. Another factor is the psychology of money. Money can trigger strong emotions, such as fear, greed, and envy, that can cloud judgment and lead to impulsive and irrational decisions. For example, a person who suddenly receives a large sum of money may be tempted to spend it on luxury goods or risky investments instead of using it to create long-term financial security. As Benjamin Franklin put it, "Beware of small expenses; a small leak will sink a great ship." This wisdom is still relevant today, emphasizing the importance of detail and discipline in money management. So how can people improve their ability to hold on to their money? Here are some strategies: Education and financial literacy: The first step is to educate yourself on topics related to money management. There are many resources, including books, online courses, and financial advisors, that can help you learn more about budgeting, saving, investing, and long-term management. Create a budget. A budget is a plan for how you will spend your money. It helps you track your income and expenses and identify areas where you can cut back. Set financial goals. Determine what you want to achieve with your money. Do you want to buy a house, retire early, or fund your children’s education? Setting financial goals helps you stay motivated and make decisions that will help you achieve them. Save regularly. Save regularly, even if it’s a small amount. Build an emergency fund to cover unexpected expenses. Automate your savings by setting up an automatic transfer from your checking account to your savings account each month. Invest wisely. Investing is a way to grow your money over time. Consult a financial advisor to develop an investment strategy that’s right for your goals and risk tolerance. Diversify your investments to manage risk. Manage debt: Avoid accumulating debt, especially high-interest debt like credit cards. Should you find yourself in this situation, please consider creating a plan to pay it off. Avoid impulse purchases: Before making a purchase, please consider whether it is truly necessary. Avoid shopping when you’re emotional. Seek professional advice: If you’re having trouble managing your money, don’t hesitate to seek professional advice from a financial advisor. A good advisor can help you develop a financial plan that is right for your needs. The saying, "Many know how to make money; few know how to keep it," is a reminder that financial stability is not just about increasing income but also about skillfully managing and preserving it. By increasing financial literacy, creating a budget, setting financial goals, investing regularly, investing wisely, managing for the long term, and avoiding impulsive purchases, anyone can improve their ability to keep their money and achieve financial security. The adage still holds true today as it underscores a crucial facet of financial health that frequently goes unnoticed. Making money is important, but keeping it requires discipline, knowledge, and careful planning. Understanding this truth and taking proactive steps to improve your financial literacy is the key to achieving long-term financial stability and prosperity.

How money or power changes our perceptions

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 to 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 personal complexes or feelings of inferiority. When a person feels insecure in other aspects of their life, they may try to compensate for such feelings through material gains or challenging those who are weaker.  This tendency also has its negative consequences.  It is often a false impression that material wealth or power is a criterion for success.  Should we be critical of the messages that flood us from everywhere and not allow advertising suggestions to manipulate us? Should we focus on our personal qualities and skills and move forward?  Should we build valuable relationships with the people around us instead of dividing ourselves?  Should we seek inner satisfaction, not external recognition?  It is important not to succumb to the illusion of superiority that money or power can create. True power lies in our personal qualities, not in the thickness of our wallets or the position of power we hold.

Putin praises Bitcoin

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 coin, once legalized, will surpass all others in strength. I think the CEOs of McDonald's, Walmart, Amazon, and other big companies are secretly hoping to make money this way. All banks are terrified that they may become obsolete. Those who are aware of the technology see competition from Western Union and the like. Darkside hackers understand the timing of their most significant attacks. I can write many more examples. Everyone sees things from their perspective. But when we look at fantasy movies, the characters still believe in money derived from precious rare raw materials. Time will determine who is correct and who is incorrect.

Some money making tips

 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 BuffettPay 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 investment 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. Buy Stocks You'd Hold forever: Invest in companies you understand and believe in. Avoid Debt: It can be a serious obstacle to achieving financial freedom. Pay your bills on time and avoid borrowing for non-essentials. Invest in index funds: Index funds are a passive way of investing that offers low costs and excellent diversification. Don't try to predict the market. No one can accurately predict market movements. Instead, focus on long-term trends. Be patient: Wealth builds over time. Don't expect quick results. Why is Buffett's advice so effective? Simplicity: Buffett's advice is simple for anyone to understand and apply. Long-term focus: Buffett believes in the power of compound interest and long-term investing. Discipline: Success in investing requires patience and the ability to stick to your plan. Principles-based: Buffett's advice is based on sound financial principles that hold true in any economic environment. Conclusion. By following Warren Buffett's advice, you can build a solid financial foundation and achieve your financial goals. Remember that success in investing takes time, patience, and discipline.

The technical analysis of his company shows that it may be one of the few in the world. The curve consistently ascends by 10 to 20 percent.

It's time to redefine your understanding of wealth because wealth isn't about the display;

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 consumption that the super-rich find more appealing, where quality prevails over quantity and experience over materiality. Luxury cars, diamond-studded accessories, and massive mansions may appear to be an obvious depiction of wealth. Still, the reality is, they are more often signs of aspiring wealth, not the wealth achieved. Unlike the millionaires, who may rush to display their new affluent status, the super wealthy are often quiet about their fortune. There is a secret language that the super-rich have, which is not in the overt display of wealth but in the pursuit of a life rich in experiences, personal development, and contributing back to society. Your billionaire neighbor next door may lead a luxurious lifestyle, but it is always maintained in an understated manner. They may opt for an experience at an exclusive retreat rather than a high-end resort, prefer handmade crafts above flashy brands because the luxury for them is in the subtlety of experience and the pursuit of understated excellence. Their secret formula for a fulfilling life involves a deeper sense of satisfaction than what tangible assets can provide. The super-rich and average millionaires aren't simply divided by the difference in their net worth but by their attitudes and approaches toward wealth. While this thought might make you wonder about your understanding of wealth, it's crucial to comprehend such insights. Real wealth isn't about being able to purchase all luxuries but to live life on your terms.  It's time to redefine your understanding of wealth because wealth isn't about the display; it's about the values it embodies.

What do successful people have in common?

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't lose anything. You learn a little more about life. There are books that motivate. There are stories that can unleash your potential. There is a character from the books that inspires. You have the opportunity to get an idea. Any book can give you a million-dollar idea. You only need one idea. It could be your key to a door you want to be behind. There are many ways to sell your idea. If the idea is brilliant, you will always find sponsors. May the idea prosper, for the benefit of people and nature. I just know that everyone can rediscover themselves by looking at themselves from different angles. Books help with that. As far as I know, there is no better friend than a book. The knowledge they impart helps you become successful in your endeavors. The conclusion is that what successful people have in common is books.

Author Sezgin Ismailov

With Your Vote, you contribute to the future of your money.

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. But I visit various groups and see them arguing and looking for a quick buck. 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 think that by investing, you have really already chosen; you should hold for years. What causes stock prices to fluctuate constantly? The factors that cause these fluctuations are demand and supply. Demand leads to an increase in supply. And when there is no demand, they go down. But what makes this scenario happen? One is the media; the other is the company's profits. The last factor, perhaps the most important, is politics. Politics is not only the most important factor, but it also plays a significant role in determining the consequences. Some big players (analysts) in the media may be seeking to create a bit of volatility with their statements. This is aimed at generating a slight increase in revenue for their clients. The company's income is primarily impacted by the second option. A poor service or product can significantly impact the company's income. Regulatory obstacles. Competitiveness. If the service is unsatisfactory, the responsibility lies with them. Competitiveness is now a factor in unfair competition. Regulatory hurdles, however, remain the most significant factor. Finally, we come to the politicians. Politicians ultimately determine the destiny of billions of people worldwide. How, for example, in the case of friction between two countries, are entire businesses affected economically? A company close to the politicians enjoys a subsidy. Government contracts that support large revenues. Yes, in case of major financial crises, the politicians are still to blame because they did not do their job. When it comes to an epidemic, it's already the responsibility of God. In conflicts between countries, politicians are often held responsible. Unexpectedly, a group acquires weapons. We're back to discussions about regulation or proposals for laws to outright ban guns. Perhaps consider whether aligning with the company you are concerned about might enhance your financial situation. When you vote, consider the type of people you are supporting—it's not personal. Even with your vote, you contribute to the future of your money.

Increasing the potential for diversification in the portfolio

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 market that is well-established and has high liquidity. This makes it possible for Hong Kong equities investors to conduct trades without any complications. The trading of stocks in Hong Kong is available to any foreign investor, making it possible for individuals from all over the world to participate in the market. Hong Kong stocks are known for their high dividend yields. Because the average dividend yield for Hong Kong stocks is higher than that of stocks in developed nations such as the United States and Europe, investors would have the opportunity to potentially produce a bigger income through Hong Kong dividend stocks. When compared to shares in other developed markets, Hong Kong shares often display lower levels of volatility. Such behavior provides investors with a reduced level of risk, which is essential for those investors who are looking for a steady income stream. To connect with China's economy, which is the second largest in the world, Hong Kong acts as a bridge. It is possible to obtain exposure to this growing market by investing in Hong Kong equities, which can act as a platform for doing so. As a result of the Hong Kong dollar's peg to the United States dollar, the value of the Hong Kong dollar is guaranteed to remain within a narrow range in comparison to the value of the US dollar. The implementation of this action was done with the intention of stabilizing the economy of Hong Kong and preserving investor confidence in the financial system of the territory. When it comes to reducing risk and diversifying a portfolio, investing in dividend stocks in Hong Kong might be beneficial. Taking advantage of this opportunity, you have the potential to enhance the amount of money you earn from Hong Kong dividend stocks while simultaneously lowering the total risk of your investments. To locate the most lucrative investment choices that are matched to your specific financial goals, it is beneficial to investigate all of the potentially available options and conduct research on this market. The ability to generate passive income through Hong Kong dividend stocks is among the best available for a variety of reasons. If you're considering investing in Hong Kong dividend stocks, you're using your usual stock-picking strategy and factoring in the economic outlook for Hong Kong and the global economy.

When I write something, it's a personal opinion. Specifically, I have Hong Kong shares, and I am pleased with the dividends. Investing is risky, and many AI companies will fail as others become powerful.

Author Sezgin Ismailov

Every person should ask themselves the most important question, namely, how they can save more money for their future.

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 that people believe in the company's products or services. I undertake to check whether the revenue over the past five years has increased by at least five percent per year. This leads me to the fifth point. As a sixth point, I need to make sure that in addition to increasing sales, it also increases profits. This is because it is not good if they do not increase. Seventh, the total number of liabilities should be determined, as well as the revenues and profits that are sufficient to cover these liabilities. Is there financing available at the moment? This is a factor that contributes to the competent management of the company and the readiness of the company to deal with different situations. The ninth factor that can enhance the company's development is its patent portfolio. What connections does it have with training centers, and how much does it allocate for new developments? How many investment funds from around the world are now invested in this company? The company has at least five significant investors, including BlackRock, Vanguard, Schroders, Alliance, the Norwegian State Pension Fund, the Government of Singapore Investment Corporation, and other prominent industry players.  And finally, the management itself makes purchases from its enterprises. They believe in their efforts and see the development that the organization is making. In twelfth place, the corporation is an important player in the nation in which it operates, and the authorities will help it in specific situations. Thirteenth, a significant number of the largest corporations use government subsidies, which is a component of their business decisions. Therefore, they will be important. Another consideration is the fact that you use their services or buy their products, which brings us to the fourteenth point. Therefore, you trust this company and are satisfied with the items or services it provides. Fifteenth, does the corporation have a stock buyback program?  This process leads to a decrease in the total number of shares, which allows them to increase their share price. Sixteenth, has it distributed dividends in the last five years? It is recommended to do so annually, with a slight increase compared to the previous year. If not, this is not good. If you own stocks that do not pay dividends, is it still worth owning them? In my opinion, it is not worth it. What is it like to see something on the screen without being able to see it in another form? When you receive a small reward for your investment, it is a different experience that brings both joy and excitement. Seventeenth, if you believe that this product or service is not threatened in the future, you cannot continue to live without it or it is not simply transitional/becoming obsolete compared to new technologies or polluting the planet/is it worth investing in. You may want to use the advice for your entire portfolio; however, it's a good idea to consider emerging companies that will generate a new product and have the opportunity to establish themselves over time. Let me just point out one thing. Rarely do businesses have rapid growth that is accompanied by very significant percentages. Nothing else requires a continuous investment of time and effort. Someone once said, "Drop by drop, a pond expands." 

                                     

Author Sezgin Ismailov

With the dividend kings, you can increase your money as it moves, works, and grows

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,  Northwest Natural, Parker-Hannifin, Procter & Gamble, 3M, Cincinnati Financial, Coca-Cola, Colgate-Palmolive, Johnson & Johnson, Lancaster Colony, Nordson, Hormel Foods, California Water Service, ABM Industries, Commerce Bancshares, Federal Realty Inv. Trust, SJW, Stanley Black & Decker, Stepan Company, H.B. Fuller, Altria Group, Sysco, National Fuel Gas, Kimberly-Clark, Abbott Laboratories, Becton Dickinson, PepsiCo, Target, PPG Industries, ADM, Nucor, Middlesex, Bank of Nova Scotia, Church & Dwight, CIBC, Church & Dwight, Eli Lilly, Exxon Mobil, General Electric, General Mills, Hawaiian Electric, American Electric Power, Union Pacific, Royal Bank of Canada, Avista, MGE Energy, Bank of Montreal, Ingersoll-Rand.

The most interesting thing is that one has a choice of so many companies. These are proven North American companies. In another article, I will write about European and Asian companies.

Money as it moves/works/grows.

Author Sezgin Ismailov

The impact of interest rates

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 because businesses will invest less and consumers will spend less. The problem is how long this will last. As it turns out, it won't be for a year. Should we make adjustments? Most interestingly, I expect zombie companies to emerge. Now is the time to see which companies will move forward. Which commodity is valuable to people? These companies have a future. It is worth investing more in them. This is especially true if they continue to pay an inflation-adjusted dividend.

An Ordinary Person's Opinion About Cryptocurrencies

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? Who bears the ultimate responsibility? One of the biggest drawbacks, in my opinion, is the lack of a central authority. Every country has its own official currency, issued and regulated by a central bank. But with crypto, anyone with the right computer skills can create their own digital currency. Last I heard, there were already over 5,000 different cryptocurrencies! I wouldn’t be surprised if the number eventually climbs into the hundreds of thousands. Is it reasonable to anticipate that these new, random cryptocurrencies will maintain their value? It appears that this situation could lead to chaos. I observe individuals rushing into cryptocurrency investing with the expectation of achieving rapid wealth. They read a few articles and suddenly believe they are financial experts, but do they truly understand what they are investing in? Are they familiar with the technology behind it? Probably not. But the question is inevitable: will governments and big banks allow it? Will they let people do whatever they want with their money? I find it highly unlikely. It seems likely that big banks, with their established customer bases, will eventually create their own cryptocurrency and start charging transaction fees. It seems logical. Another big concern I have is security—specifically remembering and managing passwords. If you forget your password, what happens to your cryptocurrency? Could it potentially vanish into the digital ether? That’s a huge problem that doesn’t exist with traditional banks. And what happens when someone who owns a significant amount of cryptocurrency dies? In a normal bank, you have access to your heirs. How does this transfer of wealth work in the world of cryptocurrency? I have no idea. Of course, I understand the appeal of using cryptocurrency for illegal activities or for avoiding taxes. But if no one pays taxes, who will fund public services like infrastructure and law enforcement? You can’t have a functioning society if everyone is dodging taxes through cryptocurrency. Imagine a future where major companies create their own cryptocurrencies. Amazon only accepts AmazonCoin, Walmart only accepts WalmartBucks, and McDonald's only accepts McCoins. How would an average person manage in such a situation? You'd need a smartphone loaded with different cryptocurrency wallets, and you have to remember a dozen different passwords just to buy groceries. Honestly, I think the potential downsides of cryptocurrencies outweigh the advantages. Perhaps a more regulated approach would be better. Perhaps if each continent (Latin America, North America, Europe, and Asia) had its own digital currency, plus a global currency as a base, things would be more stable. Perhaps if each government controlled a single digital currency, that would prevent the market from becoming completely saturated with worthless coins. If cryptocurrency could be anchored in a secure, stable foundation and protected from those who would seek to exploit it for malicious purposes, perhaps it would have a more secure future. But right now, it seems like we’re living in a fantasy. A third of the world’s population still struggles to access basic necessities like clean water. Embracing this speculative madness when so many people are grappling with basic needs feels somewhat absurd. That said, I do believe that the volatile fluctuations we're seeing now will eventually lead to the emergence of more legitimate and stable digital currencies. I wouldn't venture to predict exactly how it will unfold, but my guess is that the large, financially stable, and technologically advanced countries will be the ones to shape the future of digital currency. Finally, I can't ignore the environmental cost of cryptocurrency mining. The amount of energy consumed by the process is staggering. We need to prioritize environmental protection, and that includes finding more sustainable ways to power the digital world. If I live to see a time when digital currencies are absolutely necessary, then I will need to buy a smartphone. So what, I have to keep all my wealth in my pocket. I can't imagine how people can become targets. We are fighting for a better world. But it will become more dangerous. Currently, it is evident that countries and their systems are not functioning optimally. Could we consider moving beyond divisions based on race and religion? When will we start calling ourselves earthlings? When will everything become unipolar?

Author Sezgin Ismailov