Crypto Academy Week7 Task Submitted To Prof. @stream4u

Source

MONEY MANAGEMENT
We live in a world of fantasies where our needs and wants drive us to spend more than we make. Most times, we even end up in debts just because we want to secure our needs and wants. And it is amazing that the money that took an individual 8 hours to get can dissipate in more or less than 8 minutes if stringent care is not taken. Money itself is like chaff, if one does not hold it with care, the wind blows it off. This is why money management is of optimum essence.

Money management in simple terms is a careful and considerate manner of spending money.
The careful and considerate manner are skills deployed on the spending processes to ensure that a particular amount spent yields high interest value. This is much possible when the money is being invested.
So, money management can sometimes be referred to as money investment.

FUTURE PLANS ON MY MONEY MANAGEMENT
Managing my funds gives is actually paving ways for a brighter and better future. In the lesson, the Prof mentioned that diversifying our capital is an ideal approach to investment. We all know that there are risks embedded in every investment approach but then, this investment can be managed to avoid being 100% out of the game.
It is actually bad to finish money that has not has not made more money. Money ofcourse is like a tree, the branches are the yield and the roots are the capital. If I temper with the capital, then the tree will wither and the yields fall off.
So the future plans of money management is to invest, reinvest and keep investing but with some technicality.

PORTFOLIO MANAGEMENT
Portfolio management is a collection of selected assets with a the aim of
achieving a long-term financial objective.
The main essence of portfolio management is to maximize the return on investments and also subdue some level of risk involved.

THE FUTURE OF PORTFOLIO MANAGEMENT
Portfolio management is very important in crypto investment.
It will to some extent limit some of the risks involved in investing assets. Even though the profits might be small because the capital has been divided and invested in other assets, but to still remain on the safe side and not lose out of investing is ideal.

CONCLUSION
Taking risk most times always seem to be one of the most best ways to achieve good results.
Money investment involves risk taking and it is why management is ideal.

Thank you Prof. @stream4u for looking through my work.