CryptoUnit scam not possible in educational project

Giving financial literacy is the main goal of the CryptoUnit project

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What do people mean when they talk about financial literacy? Firstly, it is maintaining a monthly family budget, secondly, comparing the terms of service provision in different financial institutions, and, finally, the ability to choose the most profitable financial instrument at the right time. The question is what kind of financial behavior can be considered literate from the point of view of an independent financial advisor who advises on personal finance on a professional basis.

Spending control is a basic skill in the overall financial culture, but global data is poor, as only in every fifth family a written record of income and expenses is being maintained, and there are a large number of families who do not know at all how much money is received and spent.

However, the lack of accounting is far from the only gap in financial literacy. As the practice of financial advisors shows, people tend to associate all their financial problems with low income. Many mistakenly believe that as soon as personal income increases, then all financial, as well as related non-financial problems, will automatically disappear. But this is a colossal and very dangerous delusion. The wellbeing of a family can be threatened by expensive loans, purchases that emphasize the status of the owner, but are useless in a financial sense, and the ownership of expensive but unnecessary real estate, and the presence of risky assets. Therefore, increasing income alone does not help eliminate financial problems.

A person with any income level needs to learn to manage their personal finances and manage them most effectively. In this case, we are talking about competent financial planning, which implies defining financial goals, placing them in order of priority, assessing the reality of their achievement, and only then choosing methods or specific steps in a given direction. Only at this stage will one, on their own or with the help of a financial adviser, be able to start selecting specific financial products that meet their goals. Unfortunately, there are plenty of people who started from the final stage of personal financial planning by choosing the most profitable "investment", which was sound from their point of view, without thinking about their long-term goals and not working out their own investment strategy, which ultimately led to financial losses.

Many people dream of financial independence, of a lifestyle in which they can afford any goods and services without worrying about how such purchases will affect the overall material well-being of the family. But without developing financial discipline, without planning their financial life and developing their own financial culture, this task cannot be solved.

There are plenty of ways of increasing financial literacy, which do not require one to spend years in universities or money on obtaining the education necessary for solving complicated mathematical calculations. The fact of the matter is that financial literacy is based on using sound judgment in identifying realistic opportunities that can be cleared of a scam title.

Unfortunately, there are numerous scams in the world of finance that are vying for the funds of unwary or inexperienced participants of the financial market. Such scams are founded by unscrupulous individuals who prey on trusting investors and have no qualms about stealing the funds of those who are only seeking to improve the financial standing of their families. Even more unfortunate is the economic impact that the foul reputations of such projects leave on honest projects that are seeking to genuinely improve the financial literacy of individuals.

The CryptoUnit project could also be branded with the “CryptoUnit scam” mark had it not been fully an educational endeavor. Most new users who see the CryptoUnit project instantly think that the “CryptoUnit scam” query in any search engine will yield hundreds of results with foul reviews and negative feedback. But the reality of the matter is that the “CryptoUnit scam” hypothesis is impossible from the start because of the nature of the CryptoUnit project.

The reasons why “CryptoUnit scam” cannot be true is because the CryptoUnit project is an educational endeavor that has attracted a large community of followers from many countries around the world and is aimed at sharing the experience of specialists from various industries. Giving financial literacy is the main goal of the CryptoUnit project by sharing the knowledge of those who have found the courage to build their careers on the basis of knowledge and education. In addition, the CryptoUnit project is fully regulated by international norms, making it legal and reliable.