Happy new year to all of us. (Asian region passed the timeline). I’m still on forum and that makes me think how addicted I am to crypto currencies and bitcointalk forum. Lolz. I can hear the fire crackers outside with happy moments situation.
Well, the reason for this topic is new year and how is our outlook of it for the financial side. I’m very obsessed with 2021 and how it turned everything upside down for the financial part of my life.
I have learnt great amount of deal coming 2021 in regards with how I invest and earn my money. The balance of your income sources is way important than your expenses and investment. In 2022, I have very importnst goal to achieve and that is to add another income sources into my existing list. This could be either e-commerce based on crypto currency payment availability. This is just to cherish the new year with crypto as well as my personal income source outlook.
I wanna know how you guys gonna react to your own “personal economic world”.
Foremost, I would also like to greet everyone with a happy new year again. It's so good to be in this forum with a new perspective and plans in mind.
It's nice that you have learned many things last year that made you evaluate and rethink your life decisions most specifically the financial aspects of your life. It's really true that it is better to have more and numerous streams of income rather than relying on just one because the more in-flow of the money goes to you, the more you can earn, save, and allot it to other things that you need or want. By having multiple sources of money-making ways, you can designate a more generous amount to your necessities and investments. And the more capital you have in an investment, the better since it is a passive way to make money without actually working hard for it.
But of course, still, remember that only invest what you can afford to lose because there is nothing certain in risking. You can either be rewarded and gain something from it or you can lose too. It's a 50/50 scenario and I think what makes it only less risky is by doing your own research first, planning ahead, organizing, and proper implementation. So if you plan to make another investment aside from having multiple hustles, make sure to have in-depth research about it first to avoid regrets later and to make sure that you will have the most out of your funds.
Right now, I plan to reinvest the moment I got my money from my currently existing investment. I'm just waiting for the proper timing and I'm still on the process of organizing my thought and ideas and putting them into concept, which soon later be an action. I don't have a plan to rush things. I want to take it slowly, but surely this time around so I won't repeat the same mistakes I did back then due to lack of knowledge and proper research.
I hope whatever you are planning goes well this year. Rooting for a wonderful year for all of us. Let's keep on doing the things that we love.