Investing in Crypto, Stocks & Self-Growth: How to Build Wealth in Today's Economy. Unlock the secrets to financial freedom in today's unpredictable economic landscape. Dive into the importance of self-investment, the power of diversifying in financial markets, and the need for financial literacy to bridge the widening wealth gap.
00:00What's up guys, welcome back to the channel. In today's video we are going to be discussing
00:07why it's so important for you to invest in yourself and also to invest in financial markets
00:14and how you guys can build a path to financial freedom in an unstable economic environment.
00:22I do believe that like most of us, a lot of you have really been impacted since the pandemic
00:28and all of the disruption that kind of came as a result of that.
00:35And in today's world obviously, which does present a lot of uncertainties from the volatility of the global markets themselves
00:42to just the continuous debasement of fiat currencies.
00:47It is just a world where, you know, in this sort of scenario, a wealth building strategy through investing in firstly yourself
00:56and also in financial markets, in vehicles such as crypto stocks, is not just something that, you know, is an option
01:04but has now really become a necessity.
01:08We are going to be touching on all of these things in this video.
01:12So make sure you hit us with a like and a subscribe if you like the type of content that we share on this channel.
01:19And if you're new, make sure you also turn on your post notifications so you don't miss any future videos.
01:25But without wasting any of your time, guys, let's talk about why investing in yourself is a lifetime commitment
01:33because at the end of the day, let's talk about it, right?
01:36Self-improvement, learning, growing both professionally and personally is very important.
01:42If you're interested in a rapid sort of changing job market where, you know, you're having a lot of these disruptions
01:48coming from either technology or just kind of a change in human behavior, whether that's AI or just supply chain disruption,
01:58it's important for you to have like a diversified skill set that can actually provide you with some sort of stability into the future.
02:07This can be achieved through education, first of all.
02:10You can do this through learning online, through reading books, you know, kind of maybe just getting real good mentors as well.
02:20Something that is important.
02:22The more versatile and adaptable you are, the better equipped you will definitely be in, you know,
02:29sort of how you actually navigate financial uncertainties.
02:32And by constantly investing in yourself as well, you know, you can put yourself in a better position, right?
02:39And especially if the job market doesn't really look good going forward, it builds a solid foundation for you,
02:46for your personal growth and also your financial stability.
02:49So let's talk about how you can actually build wealth through financial markets, okay?
02:55So at the end of the day, financial markets and investing in financial markets particularly is not merely just an opportunity for profit.
03:02Profit seeking or, you know, kind of, it's also something that you have to fight economic instability using, right?
03:11So the devaluation of fiat currencies, for those that don't know this term,
03:15fiat just refers to currencies such as your dollar, euro, rand, lira, whatever fiat currency or local currency
03:25that is enforced by a government that has the right to continue to debase that currency at will.
03:34It's obviously something that can be a result of excessive money printing that will, at the end of the day,
03:41erode the purchasing power of your hard-end savings.
03:45And by just diversifying in investments across either stocks or crypto or bonds or other financial instruments,
03:53individuals are in a position where they're actually able to then kind of shield their wealth from just complete erosion, right?
04:02So let's talk about the historical context.
04:05So the importance of financial instruments is highlighted by historical instances, especially of hyperinflation.
04:11You know, I'm from Zimbabwe, so I know this very well because I lived through a hyperinflation phase directly myself.
04:21So I have first-hand experience of really seeing things turn ugly, especially when it comes to fiat currencies.
04:29At the end of the day, this is not something that's only kind of specific to Zimbabwe itself.
04:35You've got Germany in the 1920s, the Weimar Republic, you know, the currency lost almost all of its value.
04:43And those who actually diversified their wealth through assets like real estate and foreign currencies were able to preserve some of their wealth.
04:51And, you know, like I said, Zimbabwe in the early 2000s, you pretty much, you know,
04:56if you didn't have a diversified portfolio of investments, you couldn't really protect your wealth.
05:01Those were clever enough if you owned assets, either that could be real estate and you had mortgages that were denominated in the Zimbabwe dollar.
05:08At that time, we got away with kind of maybe acquiring a lot of property because at the end of the day, you know,
05:16it was just easy to pay those mortgages off, right?
05:20But at the end of the day, we look at a modern situation now in the world that we live in where you've got things like digital assets.
05:26So cryptocurrencies are like a modern solution at the end of the day.
05:31Where, you know, you can really try to hedge against the threats of our government overreach.
05:38And, you know, you can get into decentralized finance if you want to know more about that.
05:42The link is in the description to my book.
05:45I'm very passionate about these things.
05:46So I really took my time to really break it all down to you.
05:50You can go to DeFi-Millionaire.com, learn more about how to do that.
05:54But at the end of the day, by design, cryptocurrencies like Bitcoin are actually immune to inflation and government control for the most part, right?
06:01So investing in them not only provides potential for growth, but it's also a hedge against the erosion of fiat currencies.
06:08So you need to think about how to bridge the wealth gap through financial literacy as well, right?
06:14Because at the end of the day, I know a lot of us don't really want to put in the time and effort it takes to win by really getting to the nitty-gritty of the resources that you actually need to acquire in order for you to be knowledgeable enough to make smart decisions, right?
06:31It all starts with learning.
06:33There's no such thing as a get money or get rich quick scheme.
06:38If you don't know what you're doing, you're bound to lose money in whatever it is that you're trying to do.
06:44So at the end of the day, as the wealth gap actually continues to widen, financial literacy becomes one of these very important essential lessons in bridging this wealth gap, okay?
06:56So by understanding at the end of the day, also the financial concepts and, you know, investing principles, even those in low income brackets are able to kind of work their way out of poverty.
07:08Investing in financial literacy can be as simple as reading a reputable book in finance, attending free online courses, seeking professional advice as well.
07:20So let's talk about the need for investment in financial literacy as something that is no longer a luxury but actually an urgent requirement, right?
07:30So those who fail to sort of invest in themselves and also maybe invest a little bit in financial markets to pretty much lose not just the potential profits but the actual existing wealth.
07:43Whatever you think you're trying to protect the wealth that you currently have, it can all go if you're not really kind of putting effort into really investing in the right type of knowledge, okay?
07:53So just as you see these fiat currencies continue to lose value, ignorance of investment principles will also lead you to a decline in your economic standing.
08:04This is just kind of how the game goes.
08:06There are simple steps, though, that you can follow if you want to kind of build a path to your financial freedom.
08:13You can invest in yourself, like I said, continuing to strive to learn new skills, reading books, taking courses, just so you can remain a little bit relevant in whatever area of kind of expertise that you are dabbling in.
08:27Diversifying your investments so you don't put all your eggs in one basket.
08:31You can either spread your investments across crypto stocks, bonds, real estate, etc.
08:36Educating yourself, making sure you're utilizing all the free online resources, you know, maybe consulting certain people that you trust.
08:44Also, do your due diligence, right?
08:45You can't just listen to each and everybody, either me, myself or anyone else online who's got something to say about how you can improve your financial situation.
08:55You need to take matters into your own hands.
08:57Also, find out how you can align yourself and get into kind of relationships with people that can help you excel and learn a lot more.
09:05Set realistic goals at the same time and also just continue to be patient and consistent as well.
09:10It's very important.
09:11So at the end of the day, guys, investing in yourself and in financial markets isn't just a part to financial success.
09:17It's also a means of surviving in this modern world that's fraught with economic instability, currency debasement, and also just the devaluation of currencies as we know them.
09:31I mean, I'm talking about traditional currencies here, the widening wealth gap that we all talk about, the volatile nature of the global economy as it stands today.
09:40This is all the sort of kind of things, the flesh that should really try to move you along into necessitating you to focus in taking a more intelligent approach in personal growth and financial investment.
09:55So whether you're a seasoned investor or a novice starting out, it's time for you to act now by just taking control of your financial future and committing to lifelong learning and paving your own way to financial freedom and stability and protecting your hard-end capital at the same time from the unpredictabilities of the modern world that we live in.
10:17So if this is something that you really feel like gave you value in terms of the talk that we've had today in this video, make sure you smash that like button, subscribe to the channel, also head on over to our main side, Decentralized Dirt News.
10:32We've got all the best cryptocurrency exchange reviews, DeFi platforms.
10:36You can compare exchanges, wallets, all of that fundamental knowledge that you need.
10:41You can find it all there.
10:42Also, check out links to some of my favorite platforms, my favorite trading platforms.
10:47The links are all in the description.
10:49These are the platforms that I like to use personally, non-custodial decentralized platforms.
10:54Also, check out DeFiMillionaire.com, right?
10:57DeFi-Millionaire.com.
10:58Download my free book.
11:00If you want to support me, you can also buy my books, Tokenized Trillions.
11:04If you want to learn more about real-world asset tokenization on the blockchain and also the use cases with distributed ledgers across multiple sectors,
11:11like to subscribe, guys, turn on the notification bell.
11:15I'll see you in the next video.
11:17Leave a comment and let me know what else you'd like me to talk about on this channel.
