The Advantages of Long-Term Moderate Wealth Investing
A lot of people are under the impression that they need to earn big to create wealth today in the digital economy. The truth of the matter is that many successful investors have started their investment careers with very little initial capital. More crucial than the amount of money put into the investment is how much determination and patience the investor has combined with how much effort they are willing to put in to learn and understand their business. Investors who make small incremental contributions regularly will find over time that their small investments can grow tremendously when the investor understands how to compound them correctly. By working/compounding their small investments regularly, an investor today could be left with a significant amount of wealth at retirement. The ability to create wealth will require some level of financial discipline. Another important component in building wealth is financial education; being educated about how money works, how markets move, and how to manage risk will help a person to build wealth. Continuous education about finance prepares a person to make logical and rational decisions instead of making emotional decisions. In today's society, digital platforms are giving people many different ways to make money and invest online. Platforms based on blockchain technology such as Hive allow individuals to earn rewards for creating content, becoming active in that community and participating in its activities and creating value through those activities. Through this process, the individuals involved in these communities will continue to develop their knowledge of finance and also earn money within that community.
