Knowledge, Value & Money (Part 1)
One thing I have come to understand is that people want to be taught on how to use their money, and what do I mean by this? Not everyone knows the economics of personal finance and this is because it might not really be necessary, especially when you have a steady cash flow, a lot of money in asset or bank.
However, I do consider it necessary because having the knowledge of economics of personal finance, it helps you keep the right monetary priorities because constant misplacement of monetary priorities will eventually make one experience scarcity and lack and this is why even the wealthiest people in the world are constantly working despite having a lot of money at their disposal. This is why I believe that people who are truly wealthy are financially responsible and this is how they still remain wealthy.
However, there's nothing wrong with wanting to be taught how to spend your money, the step alone in doing so means that you're trying to maximize your input by giving out the right output. Truth is, I've come to learn a lot by actually listening and buying into the experience of others rather than actually making my own.
Places like YouTube for example are example of places where you can easily buy into the experience of others while also giving out in return for what you have actually learned. For example, take a look at the argument of what's better between android and iOS. I know someone who hasn't used an iPhone but knows typical everything he needs to know if he wants to buy one.
This is because he has spent a lot of time gathering knowledge through the experience of others and hence he doesn't need to actually fail in his first attempt and in his bid to not just spend well but to succeed in spending correctly. Knowledge is dynamic and that is why it is very valuable, you can't get a grasp of it and be totally correct. The fact that it evolves or changes is why we cannot experience it all and have to at one point in time in life pay for it.
Knowledge is expensive, ask someone who studies at Harvard. Knowledge gathering requires time, and you know that time itself is money if compared metaphorically. This is why the internet has made it possible for people to share their knowledge, (take a look at the word "share") and of course earn for it.
We're in a digital age, you don't have to have all the knowledge in the world to be considered a genius. You can pay for knowledge, modify it and make it your own, resell it and make profit and this is how dynamic knowledge can be Experience is value.
value is money. I'll try to make a simplification: a person who has previously garnered an experienced can monetize this because they're not going to be teaching people not just how to do better than them, but how not to do worse than them. Teaching experience is not all about success. Basically, one of the most underrated reason for learning is for one not to fail and not to actually succeed, this might seem bizarre, but it is true.
People buy into the experience of others, spend money to study how they failed and the reasons why they failed, this is how you actually succeed, therefore, success is not built on nothing. The fear of failure alone can motivate you to be successful. The fear of repercussions due to ignorance can make you pay for knowledge. Knowledge is always valuable even if it's not always monetized but then, you mostly feel the impact of its value when you choose to monetize it.
In a nutshell, numerous people let's say on the hive blockchain will seek knowledge at their own pace but share it together, benefiting from it in the process. It makes it rather easier to have a lot of knowledge. This is why people seek for validation when it comes to financial decisions. "Should I do this, or not, what's the likely disadvantages or the advantages?" Then rather than going through the process, they can simply know before taking any action. (in my next post, I'll talk about the phenomenon of learning without experiencing)
Interested in some more of my works?
Why Do Nigerians Choose To Dye Their Hair? (Feature Article)
How Life's Issues Prevents Us From Obligatory Priorities
A Sense Of Self Accountability: Why Minimalism Exceeds Beyond Spending Money.
A Taste Of You.... (POB WOTW) {An Original Poetry)
Causality & Common Sense: Some Answers To Most Plausible Questions?
My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
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I think even if you are doing good, you can do great by learning from others.
Even if you have a chance to do 1% better, that would be great. Athletes at professional level would work to death to get 1% better. And that makes the difference in winning or losing.
That's why, I read a lot. Books, blogs, articles.
Listen to audiobooks, youtube videos. Anything that can make me even 1% better.
But anything that I find really useful, I share it through different mediums to see if I got the right perspective or not.
By reading books, blogs and articles and even watching educational videos, I can actually say that you're learning. I actually found out about so many earning opportuinities on the internet back in the days by actually watching videos on YouTube and searching the internet as well. You're unknownibgly acquiring skills that will be good for you in the long run.
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Thanks man😃
Admittedly, I am always finding myself allocating money towards others or being pushed to make financial decisions that requires acquiring debt. This global debt based system never made sense to me.
🤫
Times are wacky, inflation and value of time put into work comparatively from just 2 years ago has devalued our retirement and savings accounts. What took 5 years in saving$ to save is now devalued massively and requires 10 years to save as much or aquire the same amount retirement earnings.
Im kind of rambling but finances are very weird right now for the whole world.
Hopefully, our time and energy on Hive is a worthwhile investment into your future😄
Thanks for another beautifully written post bro!
Hive is a place where I feel that, the efforts are not going to be ravaged by cost-pull Inflation. Like you said, it feels like many currencies all over the world are becoming devalued and it's even worse in most Africa countries to be quite candid.
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Learning skills are a lot cheaper now if you are willing to look around. In most cases, the free resources are enough but the paid courses (the good ones) do help you a bit more by putting in a little bit about their experience. Of course I don't buy any of those courses.
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You're definitely right, learning a skill nowadays is actually cheaper than we know. However, in a way, having to pay for internet connections to actually access these knowledges or subscribing to the channel of the author in a way is paying indirectly, since they're being rewarded for it, for example let's say YouTube.
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