In the process of achieving financial independence, one must move through a series of upward steps.
First you have to educate yourself, you have to pay attention to Financial Education, that is the foundation.
Then, Income must be obtained, the more sources of income, the better. In practice, we must to monetize the knowledge acquired.
Next, a part of the income must be saved. Thus, by accumulating money, a Financial Capital is created.
Then, once you have a sufficient Monetary Capital, you can proceed with the Investment.
Investment is the core action, it is the center of the process, it is what allows the accumulated money (Investment Capital) to be put to work.
There are several investment vehicles in Traditional Finance such as the purchase of Shares, Bonds, Real Estate, Investment Funds, and many other options (for example, Banks have a wide variety of financial instruments available to their Clients).
In the case of the Crypto Universe there are also ample investment possibilities (possibly more). The Crypto Finance are an alternative form of investment, possibly riskier but also much more profitable (higher risk, higher benefit).
Among the different investment options that we can find in the Crypto Ecosystem is Holding (Hold), Trading (manual or with Bots), Mining (with Hardware), Staking, Farming, NFT trading, related trading with the Metaverse. Additionally, there are a large number of options to generate income using sophisticated (and complex) instruments on DeFi Platforms.
By putting the money to work within the Crypto Ecosystem, the status of Crypto Investor is acquired; Which usually leads to one of two totally different endings: riches or broke (that's the truth).
Investing, whether through Traditional Finance or Crypto Finance, is the path to economic prosperity with our own efforts.
But, the Investment is not the last step towards personal enrichment, there are other subsequent steps to strengthen and enhance the results.
Enriching is not an easy task, it takes effort, dedication, persistence and perseverance. The Financial Freedom is not free, it must be earned.
Posted Using LeoFinance Alpha
Congratulations @kriptux! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 200 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts: