Hello everyone!
My name is Adam Davis, my spirit animal is a white tiger, and I am an economics major from Indiana University. I run a network of websites, with most of them having to do with finance. I feel I have a lot in common with LEO Finance, and that is why I have chosen to be here!
I have been in Crypto for many years now and used to have my own mining warehouse. I really love what has been created here on Hive, and this community seems truly wonderful, and I hope to be able to connect with many of you on here. In addition, I am going to share some of my financial knowledge to possibly help someone out too, as well as to strengthen my own understanding of it, Thanks!
So last night I heard something interesting, that when communicating to a large number of people there are some bizarre occurrences. For instance, if you tell 100 people to do 1 thing a large percentage will do that one thing. However, if you tell that same 100 people to do 1 thing out of 3 different choices the percentage of people doing SOMETHING will decrease. Then if you tell that same 100 people 10 things and to choose 1, even less will participate.
I guess I do not really know the reason for this but it is interesting and got me thinking. What ONE thing do I want people to know about personal finance? What is the core at which I am teaching?
##My Core Financial Principle: Make a Plan. Even better, try and start a budget and plan your finances!
I know the reason why people don’t. It is hard to get started so you might try for a little bit then give up. “Children do what feels good. Adults devise a plan and follow it.”
With this core in mind I am saying nothing about what your plan needs to be., but I have shared the above image as a guide! So there should be ZERO reluctance, you can PLAN anything you want. If you want to eat out $400 a month, that is fine. I am just telling you to do it on purpose and plan accordingly!
If my passion is to help people stay away from financial distress this is how to stay away from it. I honestly believe that in pretty much most things in life, the more you prepare for something the better it will be.
Side Note: If you are a Spiritual Person, then part of that preparation is prayer & meditation, and connecting & being in tune with my higher power, which is the backbone to my strong spirit!
Now 70% of Americans are living paycheck to paycheck. The average Japanese family saves around 18% while the average American family saves a whopping -2%. These are scary statistics people and I know it is because most of these people just don’t have a plan, because nobody would CHOOSE to be in that situation. If you are not already doing so, think about setting up a budget and planning your finances for the future. This is the true first step in becoming financially successful
I hope this didn't come off too strong, but I wanted to share my foundation and core principle of finance to possibly help someone in need. I plan to post on here a lot more, and expect much lighter and more humorous material on top of great financial value and help!
Thanks,
Adam Davis
Posted Using LeoFinance
Sound advice but who wants to be saving in these days? Which currency still does have a future? Trying to get as much unbacked loans as you can, that's what i would advise now, i thing the Americans might be smarter than the Japanese in these times :-)
Don't take me serious eh, welcome Adam!
My getup right now is investing in myself and creating additional income streams. I have some monsters that are already killing it, and some that are growing into beasts. If anyone is interested in learning more about this can message me adamdavisleads on skype or @evolvednetwork on telegram
Posted Using LeoFinance
Skype, telegram? Teach us here on Hive!
Ya will be doing!
It is important to have a financial plan. Welcome to LeoFinance!
Hey Adam, welcome to LeoFinance!
I'm interested in hearing more about your network of finance sites that you run.
Can you share any more?
Posted Using LeoFinance
Ya will share details in an upcoming post then!
Dear @adamdabeast
Interesting read.
Fascinating. Would that suggest that giving people "opportunity" to make a choice, make a decision - it's putting people off and discouraging them?
Yours, Piotr
Congratulations @adamdabeast! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board And compare to others on the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Support the HiveBuzz project. Vote for our proposal!
Glad that you made your way here.
Be sure to read outside what those econ professors are teaching you at school. They tend to get mired in a particular thought pattern and do not deviate (at least mine did in school).
Understanding technology helps to correlate a lot of what is taking place. Old models tend to get blasted when some are stuck in the labor-plant-capital mindset.
Leofinance has some big plans and is always open to ideas. I am sure with your background running sites tied to finance, you have some good ideas. Do not be afraid to share them either on here or discord.
Posted Using LeoFinance
Welcome Adam!
Glad to have you here. You sound more than qualified enough to share some gems of great financial wisdom here in the community :) If you ever have questions/need help with anything don't hesitate to reach out to us either here on the chain or over on our Discord 🦁
Posted Using LeoFinance