Many believe that having proper education is enough to ensure success in the modern world. No statement could be further from the truth in the realities of an economically controlled world. In reality, it is proper financial literacy that decides the formation of a solid background and basis for financial independence. And it is financial independence that designs what people are capable of in their lives – their ability to provide quality education to their children, pay for goods and services, and make plans for the future.
Many believe that having proper education is enough to ensure success in the modern world. No statement could be further from the truth in the realities of an economically controlled world. In reality, it is proper financial literacy that decides the formation of a solid background and basis for financial independence. And it is financial independence that designs what people are capable of in their lives – their ability to provide quality education to their children, pay for goods and services, and make plans for the future.
The role of the most important material value belongs to money, and there are definitely a million ways to spend it. But there will be fewer ways to make money and allow one to enjoy life without proper financial planning. For 70% of people, work is generally the only source of money and they do not know how to make it any other way. People spend a lot of time and effort, but in the end, what they earned is what they spent. If honestly earned money is not enough, people take out loans, borrow from friends and continue to dream of a luxurious life.
Day in and day out, millions eke out a meager existence and ask themselves why they are incapable of breaking free from the vicious cycle of earning and spending with no extra cash left for anything else. It is maybe because no one anywhere ever taught them to be successful and achieve financial well-being. Or it could be because they want a beautiful life, but do not want to take responsibility for their own decisions.
The answer is simple – a complete lack of knowledge about finance in general and the skills of competent personal finance management, practical skills in financial planning and achieving financial goals makes it impossible to achieve success. Financial literacy is a person's awareness of the field of finance and an understanding of how money works, the ability and willingness to manage their income and expenses, correctly distribute funds, increase their income, and create financial capital.
For a clearer understanding of the concept, it is important to highlight two features of a financially literate person – their total expenses never exceed their income, and the difference between their monthly income and expenses is used for investments.
Curiously, though virtually every single one of us knows someone who has taken out loans or has borrowed from friends, few ask themselves whether it was possible to avoid diving headlong into the quagmire of debts. The answer is ironically simple and is tether to the concept of financial literacy as the cornerstone of proper financial planning and independence from the tiresome circle of earning and spending until the next salary.
This is where financial literacy comes in as the quintessential concept that can provide a comfortable and dignified life, provide a good level of education and conditions for the development of children, and
provide financial protection. More importantly, financial literacy allows one to identify opportunities for investment in different areas that had previously seemed inaccessible and moot.
Luckily, the world of finance is brimming with opportunities for investment ranging from special financial instruments, stocks, bonds, trading on currency rates and futures to real estate and startups. However, there is a downside of numerous perils that lie in wait for anyone without proper financial literacy who ventures into the world of finance and starts blindly trusting any promise of income. The number of scams that have arisen in the last few years is frightening as false projects aim to steal the funds of their investors and vanish without a trace.
It is unfortunate that the sullied reputations left behind by scam projects extend to honest projects seeking to provide more than mere earning opportunities for their participants. The same applies even to educational projects such as CryptoUnit, which are not even involved in any financial operations. The first thing most newcomers to the world of finance instantly should check is where the “CryptoUnit scam” query gives out any results in search engines.
The “CryptoUnit scam” hypothesis is false, as the CryptoUnit project is an educational undertaking that aims to unite its participants under the mantle of sharing experiences. “CryptoUnit scam” is also an unrealistic concept to envisions, considering that the CryptoUnit project has been operating for years and has formulated a large following community around the world. The final reason why “CryptoUnit scam” cannot yield any results in adequate channels or forums is since the CryptoUnit project is fully regulated by international norms in its operations and issuance.
Another important reason why CryptoUnit is a fraud-free and reliable undertaking is the courses it offers its users. All of the lectures are given by world-class investors with years of experience and reputations to maintain. The scope of the lectures’ topics spans across a large number of industries, allowing the attendees to identify and analyze sectors of interest to them and suiting their aims and portfolios. Such an approach allows the CryptoUnit project to attract more followers through networking and ensure the sustained and goal-oriented growth of the community in countries across the world.
The CryptoUnit project is entirely devoted to making sure that its participants have access to the experience of highly qualified specialists in the financial industry and be able to formulate their own financial plans. Only by having a solid background of knowledge and skills in the financial world can people be certain that the assets and entities they are dealing with are safe and secure.
There is no need to think on such issues as scams and fraud when it comes to analyzing projects that aim to improve the general wellbeing and level of education of their users. The CryptoUnit project is one of the endeavors that has both a strong following in many countries around the world and the regulation of the SEC in the issuance of its stable assets that are intended for internal settlements among users.
Disclaimer: Opinions expressed in this sponsored article are author's and sponsors' opinions and do not reflect the views of Connected to India. The management of the company does not assume any responsibility or liability for the article.