☯️Lex | ALPHA DAO pfp

☯️Lex | ALPHA DAO

@lex007

15 Following
14 Followers
☯️Lex | ALPHA DAO pfp
The Financial Literacy Crisis: Are You Sabotaging Your Finances? Meet Sarah: 28, $60k salary, yet drowning in $20k debt with no savings. Sound familiar? Even in Web3, where decentralization is king, financial freedom is often a missing piece. Schools teach algebra, not budgeting or how to avoid debt traps like easy credit and "buy now, pay later" schemes. That daily $5 latte? $1,825 a year. That 20% interest credit card? An extra $4,000 annually. Small habits lead to big financial problems. Web3 creators are building the future of finance (DeFi, NFTs, DAOs), but many are caught in the same financial struggles. The system profits from our confusion. Want to break free like Sarah can? Curious about the traps keeping you broke and how Web3's transparency can help? Find out how to take control. Check my X account (@Alexander0_0_7_) for the full article on why financial literacy is a crisis and how to fix it. Your wallet will thank you.
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☯️Lex | ALPHA DAO pfp
Why Currencies Fail & What It Means in 2025 Currencies collapse due to: 1. Hyperinflation – Money printing destroys value (e.g., Zimbabwe, Venezuela). 2. Political Crisis – Regime changes or breakups replace currencies (e.g., Soviet ruble). 3. Monetary Unionsb– Shared currencies (like the euro) erase national money. 4. Economic Reforms – High inflation forces redenomination (e.g., Turkey’s lira). 5. Lost Trust – People switch to crypto or foreign cash when faith fails. 6. Digital Shift – CBDCs and crypto challenge traditional money (e.g., Nigeria’s eNaira). Impact Today: - Prices soar, savings vanish (Nigeria’s 34% inflation in 2024). - Trade suffers as weak currencies raise import costs. - Protests erupt when inequality grows (e.g., Nigeria’s fuel riots). - Global risks – One crash can spook investors worldwide. - Digital alternatives rise (Bitcoin, CBDCs), but adoption lags.
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