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One thing I’ve come to realize is that the difference between people who are making money and people who are not making money is not really hard work. At first, I thought it was access to information. But recently, I came to understand that it’s not just access to information, it’s execution.
A lot of people have access to information, but they never really act on it.
So if you’re trying to make money, you need to pay attention to things. Not just pay attention, you need to act on them. If you hear that someone is making money through a particular channel or doing something profitable, try to look into it. Even if it’s not what you do, take two or three minutes to find out what it’s about.
When you do that, you might become interested and decide to get more information about that business, investment, or opportunity. That’s how you gradually expose yourself to things that can potentially change your financial situation.
A lot of people think the problem is access to information, but that’s not always true. Many people have access to the same information. The difference is that some people act on it while others don’t.
I know there have been many opportunities I’ve personally missed because I didn’t act on them. I had access to the same information as everyone else, but I didn’t execute. Meanwhile, other people acted on it and made money from it.
For example, in 2020 and 2021, a lot of people heard about Shiba Inu before it exploded. People kept hearing “Shiba Inu, Shiba Inu, Shiba Inu,” but many never paid attention to it or took the time to understand what it was.
It’s the same way I talk about Wikicat now. A lot of people are hearing about it, but most won’t really pay attention to it or look into it. Then maybe two or three years from now, people will say, “A lot of people made money from that.” But the reality is that they heard about it years earlier and didn’t act on the information.
If you’re young, you need to pay attention to as many things as possible. You need to be curious. You need to look into opportunities, businesses, investments, and industries, even when you don’t immediately have the money to participate.
It’s not always about saying, “I don’t have money.”
Look into it first. Understand what it’s about.
Right now, when I hear people talk about stocks and all that, even though it’s not what I do, I still try to look into that aspect. I know that maybe I don’t have spare capital now, but later, when I do, I can decide whether it’s something worth investing in.
People talk about saving, yield platforms, and other investment opportunities. You look into them. You might not have the money at the moment, but when you eventually do, you already know where and how to channel your capital.
And because you’re young, this is the best time to take calculated risks. You have more room to learn, make mistakes, and recover from them.
You can be at the 'broke, knowledgeable man' stage today, but knowledge gives you a much better chance of creating wealth than being rich without understanding how wealth is created. As long as we strive to be better, better will come.
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