Get Into The FinTech World Now
“The rich tend to manage risks while the poor always want to run away from risks.”
The financial technology (FinTech) market is set to boom in the coming years and if you have not yet ventured into it, consider it.
However, you don’t just venture into it; you must know how it works.
Going to school is a great avenue to learn. School sharpens your critical understanding acumen, but it does not provide you with all the tools to acquire what you need to be financially independent in life, especially how money works.
In my earlier article, I wrote on how to be financially independent, and I stressed the need for financial education, not just in the brick-and-wall classroom but also what you learn after school or more subtly what you do with your spare time.
There is a mistaken belief that education ends when you have earned your degrees and are in an ecstatic mood thinking that you are done. Think again. You’re not. Real education is about to begin. Brace up for it.
At every stage in civilisation, there has been the collapse and rise of different phases of it and those who are able to emerge become the next powerful country or people until it collapses again.
The digital currency world is now the next phase of “money civilisation” and you need to learn about it before it catches you unaware and then you begin to blame yourself for not learning enough.
People are afraid of the risk that comes with a digital currency; nonetheless, it’s not about taking the risk that you’re scared of but managing the risk. As Robert Kiyosaki, says, “the rich tend to manage risks while the poor always want to run away from risks”.
The United States has approved the trading of ETFs, Facebook has just launched its digital currency and has begun piloting it in parts of the US and Guatemala. Many companies are also accepting digital currency for payments.
Similarly, many countries are piloting their digital currencies. El Salvador has gone ahead to make Bitcoin a legal tender. In effect, countries are seeing the future of digital currency. Nigeria has become the first country in Africa to roll out its digital currency.
As an individual, what you need to do is to learn how this market works. We have all the tools at our disposal to learn about financial technology. There are a plethora of online resources that demonstrate step-by-step ways on how to invest in cryptocurrency and other investment portfolios.
Final thoughts
You don’t have to be tech-savvy or good at numbers to learn about the fintech world, but what you need is your willingness, commitment and perseverance that you can do it. And that energy will send a signal to your brain that you can do it.
Go on and learn.
