Knowledge is the most valuable investment choice for the opportunity to change money

Mr. Phan Duc Trung, Chairman of Decom Holdings and Founder of Blockchain Universal Forum shares trends and perspectives on financial management BTC provided

“From accommodation, to food, to books, to going out… you might be surprised how much it all adds up once you get into college – especially when you’re settling into student life and starting to get started. So it’s really important to manage your own expenses to cover everything you need, and students need to learn how to budget properly and save money while in college.” That’s the sharing of Mr. Phan Duc Trung, Chairman of Decom Holdings and founder of the forum on Popularizing Blockchain to Students of FPT Education Organization at FES-Cam season 3 with the topic Money Minded – Financial Management Camp .

Recently, the media is blooming with phrases such as “financial freedom”, “cash flow management”, “smart investments”, “get rich in your 20s”, “smart savings”… countless techniques. Language, stimulating phrases not only for young people, but for everyone who cares about their wallets, are keywords that are flooding the media and social networks.

There are more and more successful investment stories of the 9x generation – the GenZ generation has made a lot of money thanks to you knowing how to invest in stocks, fund certificates, digital assets… However, there are also many painful story about investment, when many people, including the elderly, experienced people… have to lose their assets, because of investments in the wrong address or wrong calculation.

“The investment process will not be effective without knowledge in any industry. The more knowledge you have, the easier it will be to succeed. And we need to understand more that knowledge includes more than just issues. in books, but it’s also a life skill and practical experience.”Trung shared more.

For an individual, the problem of financial management is planned into clear categories: Making money, Spending money, Saving, Investing and Insurance… In which, investment is a prerequisite factor. helps the money to be continuously profitable, in the way we still call “Money makes money”. So, before we pay much attention to investment or any other form, we need to form a habit of tracking spending, having a clear revenue and expenditure plan to help flexible cash flow.

Students of FPT Education Organization ask questions at the sharing session of FES Camp season 3 – Money Minded BTC provided

In addition, Mr. Trung also said that it is also necessary to create a credit account as early as possible during college. Because then the students will be aware of the responsibility to pay their debts and it will make things a lot easier when they are ready to make many important life decisions that you will have to face after graduation. ; From renting an apartment to applying for a car loan to your first full-time job.

“Each person, a family will have different financial backgrounds, strengths and spending habits, as well as an abundance of tastes in food. Therefore, there will be no recipe or one There is no such thing as a successful investment model for everyone.The point is, the more we know about the investment world, the richer we become in terms of knowledge and experience, and then create our own. give me more opportunities to get rich really, turn the money provided by my parents or made by myself, into healthy profitable money,” emphasized Mr. Trung at the FES-Cam season sharing session with students. member of FPT Education Organization.