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Showing results for tags 'crypto'.
There are A LOT of people who make no sense to me (in the financial world) like Warren Buffett for example. A lot of people when they make MILLIONS OF DOLLARS or even more, they don't really use a good chunk of it, and even worse, they use that money to just try and make more money... and I'm like... WHY? Money HAS NO VALUE unless you spend it. LITERALLY NONE. Let's say you are a multi-billionaire your whole life, and by the time you d*e, you only spent maybe 1% of the total money you made... 1% of 4,000,000,000 is 40,000,000 So in your life, you REALLY only used 40 million dollars when you wealth was 100x that - and now you ask the question, HOW MUCH OF YOUR LIFE DID YOU WASTE TRYING TO EARN THE OTHER 99% OF YOUR INCOME THAT YOU NEVER USED??? What I'm saying is, TIME is said to be the most valuable asset by both poor and rich alike, yet the RICH often seem to have no concept of that till it's too late, their greed consumes them, then they're gone. Wasted their life, wasted their most valuable asset. Long story short: It seems if you want to get the most out of your life, make as much money as you need to retire, then enjoy. Any other way just seems so dumb and purely about ego/greed.
I see a lot of people talking about cryptocurrency like they're financial advisors and there's no risk... but I wish more people would admit the truth about all investments: You're gambling. A lot of people have NO IDEA the risks involved in doing what they're doing... like some time ago people invested in bitcoin when it was at $20,000 or so, then it tanked, falling down to $3,000 - For new investors, that could have been all their savings, gone. It's madness. I really don't like seeing YouTubers especially weigh in on things you should invest in because they're guessing just like everyone else. YES! Crypto can be very profitable, but it can also destroy you if you put your money in the wrong places - I wish people would stress that more, because it's scary AF. Also... I see this all the time, promising what currency will be by the end of the year: Fact is, NO ONE ACTUALLY KNOWS, so to say something will or will not be somewhere is completely irresponsible and dangerous. Anyway... on a side note, what are you invested in? I'm genuinely curious. I myself am a sloppy and irresponsible investor... like one of those Gamestop folk-level intelligence investors. So... never ask me for advice on what to invest in... but what NOT to invest in? I'd rather help you not get rich quick than help you lose everything, nah mean?