A wise business man said "when you invest or venture into a business without first learning the business, you would certainly lose your investment/capital to gain knowledge of the business"
Invariably education and mentorship is KEY in achieving great success in business hence this need is grossly overlooked but cannot be over emphasized.
Ladies and Gentlemen, its Robert Kiyosaki CASH FLOW QUADRANT
LEFT SIDE
- EMPLOYEE (60%)
- SELF EMPLOYED (35%)
RIGHT SIDE
- BUSINESS OWNER (3%)
- INVESTORS (1%)
In recent times, the trend proves that a lot of people now understand that they have to move to the RIGHT SIDE of this quadrant, hence the reason why the *NETWORK MARKETING INDUSTRY exploded
This being a great idea was a SYSTEM DISRUPTOR currently making the highest number of MILLIONAIRES globally as ordinary people with little capital through WORD OF MOUTH MARKETING rose to BUSINESS OWNERS receiving residual income weekly or monthly after building a network of people who love that product or service. However, it was met with 97% failure and 3% success.
This high failure rate was largely due to poor understanding of how the industry works, many felt it was a GET RICH QUICK SCHEME just like many think of STEEMIT
and were not willing and patient to learn and build a business overtime (1-3yrs) that will pay them for life. It grew worse with the inception of PONZI SCHEMES which simply is a SYSTEM with no product sale or service delivery but just a network of people where the downlines' money is used to pay uplines
Then came the INVESTMENT ERA with STEEM AND CYPTOCURRENCY as it explodes with huge number of people realizing their money instead of lying in the bank can be multiplied, here again another SYSTEM DISRUPTOR, money working for you.
The failure to understand that in money investment, there are higher risk, hence the need to tame GREED and acquire DISCIPLINE to take calculated risk, led to unimaginable losses with the likes of MMM, and many others. yet only a very few understood how their money was doubled
what about Steem and cryptocurrency
Yes, Steem and Cyptocurrency is a big thing today with investors blindly (without understanding) pouring hard earned money not knowing that a drop in price would lead to loss of investment. With education whether prices fall or rise, the investor makes profit, he may incur some loses but he is always in control because he has a SKILL SET.
The Foreign exchange (Forex) Market is the largest market in the world worth over 5.3 Trillion Dollars daily. It has always been and always will be. I would simply describe the Forex market as a house full of TREASURE but guarded by BIG DOGS in which you can only have access to the treasure if you move in the direction of the dogs, hence studying the movement of the DOGS is the key to FINANCIAL FREEDOM.
5.3 Trillion Dollars daily is not running away and would be accessible by anyone if they would patiently learn the SKILLSET. Multiplying money is what the financial institutions, CBN and wealthy people do and anyone can do this too.
That's why I preaching Steemit is now a lifestyle.
I don't get tired of talking to people about steemit
We will continue bringing value to this blockchain by bringing valuable people and mentoring them on the right path to success here and beyond.