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Local Grower
@localgrower
63
Content Creator | Crypto Investor
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115
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UK
Created
2020-05-18 11:15
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localgrower
LeoFinance
5y
Financial Education #41: Is A Degree Valuable?
The common discourse is to go to school, get your grades, get your degree, and get a job. What isn't mentioned is that getting a degree will set you back thousands of pounds/dollars and unless you are
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localgrower
LeoFinance
5y
Financial Education #40: Rich vs Poor Cash Flow Statement
The rich and the poor manage their money very differently. The rich purchase assets and pay themselves first. The poor buy liabilities and pay everyone else first. Some really helpful pieces of information
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localgrower
LeoFinance
5y
Financial Education #39: Importance of Budgetting
It's important to not bury your head in the sand when it comes to personal finance. Understanding what your income is and figuring out what your monthly expenses are really helps you grab a hold of your
localgrower
LeoFinance
5y
Financial Education #38: What is DOGE?
Dogecoin, (DOGE), was intentionally created as a joke and a meme coin. It was a fork off of Bitcoin and having many of the same fundamentals. Dogecoin has had a huge spike in price recently and a following
localgrower
LeoFinance
5y
Financial Education #37: What Is Bitcoin Cash?
Bitcoin Cash was created as a fork of Bitcoin. Bitcoins use case as a cash started to fail when transaction fees were north of $10 and have continued to be so. Practically speaking, spending $10 every
localgrower
LeoFinance
5y
Financial Education #36: What is Litecoin?
Litecoin was a fork of the Bitcoin code back in 2013. In simple terms, a fork is like being a branch to a tree stem...not the same but part of the original tree. Litecoin's intention was to be digital
localgrower
LeoFinance
5y
Financial Education #35: Money Habits
Maintaining wealth is vital and comes down to our money habits. Are we spending less than we earn? Are we investing the difference? Some food for thought! ▶️ 3Speak
localgrower
LeoFinance
5y
Financial Education #34: Earnings Against Inflation
Inflation is such an important topic to understand. Inflation decreases the purchasing power of your currency, you are unable to buy less goods or services with your money than you were last year. The
localgrower
LeoFinance
5y
Financial Education #33: Assets vs Liabilities
Put bluntly, an asset is something which puts money into your pocket. A liability is something that takes money out of your pocket. Crypto could become an asset due to staking/lending opportunities. I'm
localgrower
LeoFinance
5y
Financial Education #32: German Hyperinflation
Post WW1, Germany had a severe hyperinflation. Their native currency, the Papiermark, had notes denominated up to 1 Trillion. This all happened in a short space of time after the catastrophic event of
localgrower
LeoFinance
5y
Financial Education #31: How Should You Store Your Savings?
With the rise of currency inflation and potential negative interest rates, the traditional means of storing FIAT are going out the window. So, how should we store our wealth? ▶️ 3Speak
localgrower
LeoFinance
5y
Financial Education #30: The Debt Snowball
Dave Ramsay, a famous american financial speaker, cultivated the debt snowball method to pay off debt. He suggest paying off the smallest 'snowball' first, rather than the most expensive. This helps with
localgrower
LeoFinance
5y
Financial Education #29: Paying Yourself First
Principles of the wealthy is that they pay themselves first. When we get our paycheck or salary, we pay other people first. The landlord, the supermarket, the electric company, the bank are people we pay
localgrower
LeoFinance
5y
Financial Education #28: Invest or Pay Debt?
Traditional information would tell you to pay off your debts as "the borrower is a slave to the lender". In the time of crazy crypto gains, your capital may well be better spent in investing
localgrower
LeoFinance
5y
Financial Education #27: CUB Finance
@leofinance released Cub.Finance which is a DeFi project built on top of Binance Smart Chain. This provides opportunity for people to provide crypto and receive the native CUB token back. However, beyond
localgrower
LeoFinance
5y
Financial Education #26: The Debt Trap
In today's culture, debt is normal. Over spending is normal. Living beyond your means is normal. However, just because something is normal doesn't mean it is wise. I am encouraging myself to live within
localgrower
LeoFinance
5y
Financial Education #25: The Value of Hive
Hive's value proposition is that you need to own some in order to use the platform. This is the case for a simple user with a lite account and for a dev wanting to deploy a large dapp! Either way, they
localgrower
LeoFinance
5y
Financial Education #24: The Rich Don't Work For Money
In the book "Rich Dad Poor Dad" by Robert Kiyosaki, he mentions how the most important wealth building principle is that the rich don't work for money. The rich acquire assets which generate
localgrower
LeoFinance
5y
Financial Education #23: Central Bank Digital Currencies Are Here
The Chancellor of the Exchequer announces that "Britcoin" is in the horizon. The majority of currency out there is created through private banks, you could just call it a private bank digital
localgrower
LeoFinance
5y
Financial Education #22: What Is Your Crypto Cash Out Plan
Do you have a crypto cash out plan? Or are you in it for the long run? Is it wise to convert into FIAT or diversity into other crypto options? ▶️ 3Speak
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