It's better to invest now than to regret it in a hospital bed. - page 11.

Lanatsa

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Quote from: boty on April 23, 2024, 10:25:24 AM

Quote from: Uhwuchukwu53 on April 23, 2024, 07:09:57 AM

I believe even those that earn small can still adjust by applying wisdom in managing their expenses inorder to invest mostly using the DCA strategy if their earning is a stable one. The problem with most of those who see themselves with small earning lack planning and that is what affect their health not even the earning because a well planned small earning if manage while running expenses and invest small fraction can course a shift in the financial level which will also helps in mental stability because seen another way of income through the investment can reduce some psychological effects of low income which might landed them in hospital bed .

When someone can restrain themselves from using the income they have on things that are not important, of course it will be very easy for them to make investments that are beneficial for their future and by using a strategy like the one you mentioned, it will certainly be very good for the long term. and we have to be consistent in doing so, of course we will be able to achieve satisfactory results too, but if someone has a large income and they cannot manage it well of course it will be very difficult for them to be able to invest and what is worse is that they have to look for loans because of their income. what they have they cannot manage well.

Management isnt really just that only a word that it would really be only fitting out on savings or investment but rather it would really be applicable to all. It would really be needing up that systematic and organized approach on the things that you would really be needing to do so because if everything turns out not to be that organized then you would really be finding yourself on having that kind of struggle specially if we do speak or talk about investment on which this should really be done on earliest period of time as possible. Success isnt something that could be attained on a short period of time and not something that would really be giving out an assurance that you could really be able to make yourself reached out that certain condition. Dont make yourself that getting old without having any money left behind just because you have
spend up your life with lavish kind of lifestyle on which this is something that you would really be needing to look out and trying out to make that realization that it wasnt really something that good.

boty

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Quote from: Uhwuchukwu53 on April 23, 2024, 07:09:57 AM

I believe even those that earn small can still adjust by applying wisdom in managing their expenses inorder to invest mostly using the DCA strategy if their earning is a stable one. The problem with most of those who see themselves with small earning lack planning and that is what affect their health not even the earning because a well planned small earning if manage while running expenses and invest small fraction can course a shift in the financial level which will also helps in mental stability because seen another way of income through the investment can reduce some psychological effects of low income which might landed them in hospital bed .

When someone can restrain themselves from using the income they have on things that are not important, of course it will be very easy for them to make investments that are beneficial for their future and by using a strategy like the one you mentioned, it will certainly be very good for the long term. and we have to be consistent in doing so, of course we will be able to achieve satisfactory results too, but if someone has a large income and they cannot manage it well of course it will be very difficult for them to be able to invest and what is worse is that they have to look for loans because of their income. what they have they cannot manage well.

Uhwuchukwu53

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Quote from: kentrolla on April 21, 2024, 07:00:35 AM

Really useful stuff but there are two aspects to look into it as there are one first set of people who earn enough to invest but they don't do it because of unnecessary expenses or pursuing luxuries which is not required at all they can set up DCA as that's the best thing or SIP if going for mutual funds. Second set of people who barely earns to meet their needs for the day they cannot be investing by cutting down on food, if they do they will face bigger problem which is health related issues.

I believe even those that earn small can still adjust by applying wisdom in managing their expenses inorder to invest mostly using the DCA strategy if their earning is a stable one. The problem with most of those who see themselves with small earning lack planning and that is what affect their health not even the earning because a well planned small earning if manage while running expenses and invest small fraction can course a shift in the financial level which will also helps in mental stability because seen another way of income through the investment can reduce some psychological effects of low income which might landed them in hospital bed .

Sebas.tian

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No matter the advice you are giving to people now, to be part of the next people that will make it from Bitcoin by planning their future well to invest in Bitcoin that will change their financial level, when they are still young to eat the fruits of their labour. I think many investors has learned their lesson from those that invested in Bitcoin in 10 years ago to gather the strength and energy to ensure nothing stop them not to miss $73,000 and they made a huge amount of income that will help them to build companies that will be bring income to them when old age locat them. If the price of Bitcoin can still reduce to $20,000 in the bearish season, I believe many people will like to hold their Bitcoin more than 10 years to experience the benefit of holding Bitcoin long.

tottong

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Quote from: kotajikikox on April 22, 2024, 05:30:33 PM

To be fair anyone would be thinking what it would be like for their family if they weren’t there especially if you were the breadwinner of the family.

I actually know this man who even after his death remained to sustain his family through his assets and other properties. He made sure that everyone got a share and equally at that too. It made me think how he must have all planned for it carefully and how he have made the right investment decisions. In a death bed, I’d rather be at peace knowing I have done what I should have and I would be leaving my family well taken care of.

The burden on a breadwinner will be much greater when he or she has a big responsibility towards the family and if they are not able to prepare everything then what happens will actually become more complicated.
Death is certain and we will leave our family in this world, then after death it becomes a reality what we leave behind for our family. Our job as heads of the household is to ensure that the family's life becomes better and if we don't have a plan, our death will become a problem for them.

Now our task is how to find good financial sources and bitcoin is one of the reasons to reach the stage of financial freedom.
The better the strategy we use, the more we can accelerate towards financial freedom so that our family will live like a happy family with enough to meet life's needs.

jcojci

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Quote from: Strongkored on April 22, 2024, 08:29:23 AM

Quote from: jcojci on April 22, 2024, 05:07:17 AM

People who invested 10 years ago managed to get huge profits, especially if they could buy bitcoin at a cheap price. That clearly provides huge profits because they would never have thought that bitcoin could rise so high. Even though Bitcoin has not made a new ATH, the price above $70k some time ago was enough for them to make big profits. But those who didn't invest or invested too late in bitcoin regret it because they didn't want to accept bitcoin and underestimated it. But for now, we still have the opportunity to start investing in bitcoin. Better late than never.

One thing that is needed to be successful in investing is patience, if you have invested in Bitcoin 10 years ago, but if you are not patient then the profit will not be maximum because you sold it during the bull run four years ago because you were in a hurry to enjoy the profit, even though if you kept it more longer, the greater the profit you will get.
It was proven that in the beginning there were people who wasted Bitcoin by not saving PK properly and I remember someone who sold some of his Bitcoin to buy a motorbike and at that time the price of Bitcoin was still only a few hundred dollars.
However, investment is very important and should be done as soon as possible because the sooner you invest, the better it will be for your economy.

Yes, I agree with you because patience in investing is very necessary, and we must wait until the time comes for us to take advantage. We cannot rush to hope for profits even though several investments can provide profits in a short time. But not all investments can work out the way we want. In investing, we also have to use the money we can afford so that if something happens that we don't want, we won't lose too much.

When investing in anything, especially in bitcoin, we must have a plan and stick with it until we make a profit. The most important thing is to remain patient in carrying out our investments.

kotajikikox

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Quote from: Alana Arden on April 22, 2024, 09:46:50 AM

None of us want to think about our investments or our financial assets while lying in a hospital bed. Rather, we will be concerned about my well-being, the future of the family, and their position in my absence.

To be fair anyone would be thinking what it would be like for their family if they weren’t there especially if you were the breadwinner of the family.

I actually know this man who even after his death remained to sustain his family through his assets and other properties. He made sure that everyone got a share and equally at that too. It made me think how he must have all planned for it carefully and how he have made the right investment decisions. In a death bed, I’d rather be at peace knowing I have done what I should have and I would be leaving my family well taken care of.

AYOBA

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Some are only focused on today; they are not thinking of tomorrow, or, let me say, thinking about their future. That's why many are reliant on today, and in this life, if you don't have better plans for yourself against tomorrow, it will turn into regret for you. You see those people who have already invested all this while they have saved, because they've cooked something for the future, which means they've made a better future plan for themselves. To be honest, this is good advice to everyone here.

Furlthermore, for those that haven't made plans, the time has never passed. This is the right time to invest in any coins. Since we can see that so many coins are now dumped, we should take the small amount of money we have and buy them, so that it will be our benefits in future.

justdimin

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Quote from: Jawhead999 on April 22, 2024, 08:54:57 AM

If you're invest in order to prepare for medical bills, then you need to see this.

Heart transplant cost you over $1 Million now how much money you can save every month? how long your investment will reach at least $1 Million?

There's a stats if only 1.2% global populations that have more than $1 Million, so you need to know if 98.8% can't even afford heart transplant cost.

No one know the future, better to prepare for the retirements, but don't forget to enjoy the life because life is too short, so find the middle point between saving vs spending. Crowdfunding is the best solution when someone had a serious disease.

Honestly, in most developed nations it's free, not everywhere is like USA where you have to pay money for it, if I ever need heart transplant, I would not pay a dime for it.

However, medicine is not, which causes a lot of trouble, just for an example, a loved one had to go through chemotherapy and all the things related to it, we had to pay insane amount of money (about 5k) for all the medicine, because medicine still costs its private companies, but for the hospital bill? We paid $10 for parking and nothing more. Think about it, the medicine companies took 5k from us, and the whole hospital, from greeting us, to working in accounting, to nurses, to caretakers, to many many doctors who seen her, NONE charged us, they just get a straight up single money from the government, a salary, that's it.

topbitcoin

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Yes, we cannot work forever, because there are times when we are sick so we cannot return to work as before. And if we don't have savings or investments, then when we fall ill, we will only be a burden on other people, even if they are our children for example. because in this world there is no one who can bear to see one of their family members fall ill, some are even willing to sell their personal possessions to be able to pay for their parents' hospital bills. Indeed, this is a normal thing, and although this does not necessarily happen, we must prepare everything as best as possible.

But apart from that, apart from having savings and investments, we also have to be able to maintain good health, and if necessary we have health insurance, so that our investments are well maintained. Because quite a few people, in order to recover as before and regain their health, in an emergency like this someone will never hesitate if they withdraw the investment they made, in order to be able to pay for their treatment. Even though the investment he made is experiencing losses, or for example the coins we bought previously are experiencing a decline in price.

Alana Arden

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None of us want to think about our investments or our financial assets while lying in a hospital bed. Rather, we will be concerned about my well-being, the future of the family, and their position in my absence.However, investing in Bitcoin is undoubtedly the easiest and safest investment, and it is also easy to manage. But you must think about the future along with money. Because none of us knows what will happen in the future. Living in life requires health, which is very precious. And enough money is needed to keep oneself healthy. While investing in Bitcoin is a great investment, it is not the only investment you can make. There are opportunities to invest in something better than Bitcoin. For example, real estate, stock investments, and health insurance. Although investing in Bitcoin has been giving good returns since its inception, but it is not worth regretting while in the hospital bed. Rather, there will be far greater things to regret.

Jawhead999

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If you're invest in order to prepare for medical bills, then you need to see this.

Heart transplant cost you over $1 Million now how much money you can save every month? how long your investment will reach at least $1 Million?

There's a stats if only 1.2% global populations that have more than $1 Million, so you need to know if 98.8% can't even afford heart transplant cost.

No one know the future, better to prepare for the retirements, but don't forget to enjoy the life because life is too short, so find the middle point between saving vs spending. Crowdfunding is the best solution when someone had a serious disease.

Casdinyard

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Don't wanna virtue signal or whatever but there are just some cases where investing just wouldn't be possible. People who are living paycheck to paycheck, employees who are supporting more than one family member/breadwinners of the family to be exact.

These are cases wherein people can't just afford to take the plunge and risk money they could've spent to support their family. The fact alone that they could lose this money and risk starving the people they are supposed to support is something that they just can't put up to the test, even if the upsides are there and the benefits far outweigh the cons.

Having the liberty to invest in whatever coin you want, or in every venture possible involves a little bit of privilege and luck. Some people couldn't do that shit even if their lives depended on it, while you're out here putting your money to memecoins and watching your whole portfolio burn itself to the ground lol.

Strongkored

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Quote from: jcojci on April 22, 2024, 05:07:17 AM

People who invested 10 years ago managed to get huge profits, especially if they could buy bitcoin at a cheap price. That clearly provides huge profits because they would never have thought that bitcoin could rise so high. Even though Bitcoin has not made a new ATH, the price above $70k some time ago was enough for them to make big profits. But those who didn't invest or invested too late in bitcoin regret it because they didn't want to accept bitcoin and underestimated it. But for now, we still have the opportunity to start investing in bitcoin. Better late than never.

One thing that is needed to be successful in investing is patience, if you have invested in Bitcoin 10 years ago, but if you are not patient then the profit will not be maximum because you sold it during the bull run four years ago because you were in a hurry to enjoy the profit, even though if you kept it more longer, the greater the profit you will get.
It was proven that in the beginning there were people who wasted Bitcoin by not saving PK properly and I remember someone who sold some of his Bitcoin to buy a motorbike and at that time the price of Bitcoin was still only a few hundred dollars.
However, investment is very important and should be done as soon as possible because the sooner you invest, the better it will be for your economy.

bangjoe

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Quote from: serjent05 on April 21, 2024, 07:26:28 PM

Quote from: bangjoe on April 21, 2024, 06:38:22 PM

The goal is good and we must see the future well, preparing ourselves for whatever might happen to us in the future to us or our families is a wise step as humans,. taking investment steps in youth is an action that 90% of humans rarely do, so I am very confident that the future with bitcoin will be brighter, and even if we are old and sick, when we have bitcoin savings I think we can get through everything very well.

It is because most human are struggling with their daily finances. One can't invest on anything if they are deprived of good income. So before anything else, one should establish his source of income, get extra money from it, save and in due time invest in a venture where he thinks he excel. Investment in Bitcoin should only be a mandatory option from the many and not a priority. The early years of 1000x to million times profit is already over for the Bitcoin market so one should not be in FOMO. Today in Bitcoin If one wants more than tenfold or a hundredfold profit, he needs to wait for a decade or more. So after establishing our source of income, we can DCA on Bitcoin and do other investments for diversification.

Of course to make an investment, it is necessary to do money to do it, therefore it is important for us to have income that can at least be sufficient and can save us, without it, it is difficult to make investments, because in fact investment is to save or multiply money in the long run, of course, must have Money first to make investment, yes this should not be FOMO need a strategy in doing so and good mental power in crossing rain and heavy winds, DCA is the solution for this.

Quote from: serjent05 on April 21, 2024, 07:26:28 PM

If one is too concerned about his future medical bill, why not get health insurance, it is the direct option that can help solve health expenses in the future. But if one wanted way beyond that, get into Bitcoin investment, DCA and hold until it satisfies our desired profit.

We can only withdraw or use health insurance when we are sick, the money we save as health funds can be withdrawn, while in bitcoin we can use the money we collect not only for health funds, maybe if we want to use it for business and others we can take and use it.

barisbilgili

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Quote from: harapan on April 22, 2024, 06:30:29 AM

At least one of the regrets someone would have in a hospital bed is the failure to invest and take full responsibility for one's financial life.
Additionally,it's all about making the right choices and taking the adequate steps/actions at the right time.
Most times,people waste most of their youthful age on irrelevant activities.Young people are supposed to secure a powerful,effective and active financial life.Its more like inculcating good morals and habits from a tender age.

In conclusion,at a young age,you should endeavor to take more valuable risks for your financial life in the future,in as much as you're young,investing while you're young is a good decision in making assets work for you;the earlier you start,the better for you.

This should be the case, at a young age you must be willing to make sacrifices to think about the future, for example investing and doing new things that will make it possible to be better in the future.
If we don't take risks then we won't get anything, and this is rare among young people today, they are afraid to get out of their comfort zone so there is nothing they can do other than follow the trends that exist among them.

In fact, there is a slight difference between investing when you are young and regretting being in the hospital in old age, because sometimes there are people who don't invest but they have insurance for health or other things.

I'm sure everyone is aware that investing will make life easier or profitable in the future, but not everyone can do that for various reasons or because they don't have the courage to leave their current comfort zone, that's actually what needs to be changed, the mindset.

harapan

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Quote from: lovesmayfamilis on April 21, 2024, 01:49:58 AM

I think that the purpose of the OP’s post is that thinking about the future is better than living one day at a time. Although relying only on investments, I would call it a so-so activity. While we are young, we must earn a name, which then must bring money from the name. Making some profit and building your own business that will generate profit from it can be a good cushion for the future. But as for health, you should take care of it not when you begin to feel that it is deteriorating. However, I think the OP is young, his understanding is going in the right direction, and his investments will be able to provide him with a noble old age.

²

At least one of the regrets someone would have in a hospital bed is the failure to invest and take full responsibility for one's financial life.
Additionally,it's all about making the right choices and taking the adequate steps/actions at the right time.
Most times,people waste most of their youthful age on irrelevant activities.Young people are supposed to secure a powerful,effective and active financial life.Its more like inculcating good morals and habits from a tender age.

In conclusion,at a young age,you should endeavor to take more valuable risks for your financial life in the future,in as much as you're young,investing while you're young is a good decision in making assets work for you;the earlier you start,the better for you.

Bd officer

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Quote from: LDL on April 21, 2024, 11:48:21 PM

Another important thing to consider is whether Bitcoin is accepted in your country. If Bitcoin is not legalized in your country, you will have to go to jail for illegal activities in your old age and it will be a big regret for you. So whatever you do you have to consider future security or else you will regret more in future for some wrong actions of present time.

An investor should consider all the factors before investing in Bitcoin. Yes, it is very important to think about how much privacy you can maintain if Bitcoin is illegal in a country. Just because Bitcoin is illegal in your country doesn't mean you can't invest. Of course you can invest in Bitcoin even if Bitcoin is illegal in your country, but you must maintain your privacy. If you can't protect privacy then you shouldn't invest in Bitcoin. Before you invest in Bitcoin, you must know about the risks of Bitcoin. However, those who haven't invested yet are going to regret Bitcoin in the coming bull run.

jcojci

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People who invested 10 years ago managed to get huge profits, especially if they could buy bitcoin at a cheap price. That clearly provides huge profits because they would never have thought that bitcoin could rise so high. Even though Bitcoin has not made a new ATH, the price above $70k some time ago was enough for them to make big profits. But those who didn't invest or invested too late in bitcoin regret it because they didn't want to accept bitcoin and underestimated it. But for now, we still have the opportunity to start investing in bitcoin. Better late than never.

LDL

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I applaud you for your positive long-term outlook on investing in Bitcoin. But it is good to save for old age by investing in bitcoins but you cannot be sure where your bitcoins will be in that old age. You also need to think about how your life will go in the future and whether you should be completely dependent on Bitcoin.
Another important thing to consider is whether Bitcoin is accepted in your country. If Bitcoin is not legalized in your country, you will have to go to jail for illegal activities in your old age and it will be a big regret for you. So whatever you do you have to consider future security or else you will regret more in future for some wrong actions of present time.

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