Assets, diversification, and healthy spending. Economic participation has never been so opportunistic. Consistency of growth in the information available to the public at ever closer to real-time speeds, has opened truly new frontiers in how personal finance can be managed by an individual.
Investment in productivity. Today it could be a tricky thing, where you could literally reach a point by making a living without ever having to leave your home, or now on the go! High speed internet is something very largely taken for granted, and is one of the best kept secrets in personal investments. Consider the facts and truly incredible merits provided to you instantaneously.
You have a very close to real-time data available of the worlds economic markets, political developments, updates on upcoming products and services from fashion to personal mobile entertainment, etc. All this today can be held in your hands via the forever progressing smart mobile technology. Your ideas have new teeth to go for a bite out of the markets.
Idea is not to take a leap in order and hopes of becoming different or new. It is more simpler than that, something that has been done for a longtime and is failed to apply in the personal pursuits of success, and it is which gives the highest probability of success. Example retail outlet store has employees of 100 workers, staff of 25 is rotated 7 days a week in 2 shifts a day, it is a system… Employee 77 is new, full of ambition, with goals and desire to work. The store averages sales of $100,000 a day, with an also average traffic of 1600 people a day where their conversion rate to sale is 50%. Employee 77 is a full time worker doing 40 hours a week working random shifts. Without calculating the variables, the mathematical average of how much he can sell in a week calculated will be close to real world performance, do that math. Well lets include one variable, that the person chooses to go ahead and do the job.
Same concept and all the rest in similarity, with principal must be applied to any and all personal ventures. Variables which are the keys must be applied and calculated based on you, the environment and the market, etc.
InvestingAmateur
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