The simple truth a lot of people have refused to face is that money not properly utilized will certainly vanish like the wind. So many people do not have a money-making problem but an investment problem. What I mean is this, people are earning huge amounts of income, but in a short while the money vanishes with no accountability. This is a major problem for most people. Money does not tell how it should be earned, a properly earned money appreciates while improperly earned money depreciates. Every money not staked is subject to depreciation. Staked money in this context is money not put into work. And money not put to work certainly will be idle and suddenly might be used or channeled into unprofitable ventures.
Staked money is equivalent to investing, especially in the cryptocurrency system. It involves locking up certain amount of crypto for some period to yield profit and to also build up the system. In a traditional financial system, Investing money is nothing but putting money aside to yield more money. The knowledge gap that exists in this reality is subject to the losses experienced by people. What I mean is, people who lack the knowledge of investing part of their earnings tend to have financial issues in the short and long run.
I read a book some years ago about the richest man who lived in Babylon and the author noted that a portion of your income no matter how little it is should be saved. However, the world has moved away from savings to investing. Every money saved in the bank is a waste of time and resources. Instead of saving, it is advisable to invest the money into a profitable venture.
Money is designed to be spent and so long as human resources are insatiable, there will always be an inclination to spend more. However, the secret to spending more is in staking part of your earnings, hence the profit from the earnings can then be spent as much as one wants.
In today's world, the inflation rate is getting higher and its taking over some countries of the world, the only way not to be directly affected by it is to invest in profitable ventures. Stake your money on bonds, NFTs, web3, cryptocurrency, and others. Make proper findings and research before staking your hard-earned money. Remember to stake what you can afford to lose. This is one of the principles that guide investment.
Today is Leo's power-up day #LPUD set aside to create the consciousness of the people on the need to power up their $loe tokens. However, staking Leo is not only limited to a day, but setting out a day is to bring a reminder to people on the need to invest. For the purpose of those who might stumble on this post for the first time, staking #Leo is creating a space for yourself in the inleo project. It also gives you more power to exercise on the ecosystem. The more #Leo staked the more important you are in the community.
The day that one starts investing right, is the day that his financial misfortune will change. It is just a matter of time coupled with discipline a great change can be achieved.
This post was made via the #inleo frontend.
What is inleo?
INLEO is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.¹
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Posted Using InLeo Alpha
Posted Using InLeo Alpha
Posted Using InLeo Alpha
This isis an interesting discourse. Idle money would always Depreciate. Money does not grow because it is money, iit grows because it's put to useful work. Whether in the traditional finance or crypto sphere, participants must learn to put money to work either actively or passively.
Active LPUD!
very true, it's high time people engage their money into a meaningful investment that will yield interest either in a short while or on a long run. Thanks for your input
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