Topic: Start investing so you can quit your job and retire early. - page 5. (Read 1326 times)

Regular jobs are not permanent especially with the huge economic crisis they will surely lay off thousands of employees like Wayfair did. Even if you spent your whole lifetime promoting and building the company you will still get let go regardless of the good deeds you've brought to the company. So investing and getting a proportion of your salary to put it in any asset it doesn't have to be Bitcoin but it can be also a good investment to profit and become financially free.

if it is not certain in getting benefits from this, you should not quit the job. yeah, that's the best. however, many people are looking for work out there. do this when you truly believe that your investment is good enough to provide results every month.

It would be less risky of course if you start a little investment while working so that if you fail in your investment, you still have another revenue for your income. Investing would be very ideal especially for the soon to retire people but let's face the fact that not all people are given opportunities to make an investment due to shortage of capital and your own income is just enough to feed your family.

if investing in cryptocurrency seems to be a little difficult to get results, especially if you invest 100% money into cryptocurrency the risk you face will be large, it's better if you already get a job do not get out, because you can regret later

Not trying to mocking, any typical boomers and any typical student loans would easily amounting to 25k, but it’s very fortunate to even have any saving at this climate when austerity recession going on for so many years, and the golden age of economical boom is so over too many year ago, the boomers also reap every profit imaginable, we are fighting for the remaining 2% of GDP growth that’s left to grab, I’m also planning what to do with the saving that we have right now, the thing people seem to be doing is hoarding precious metal coins, it’s sort of risk-free, because your dollar value will be the same if the precious metal market crash, if the precious metal market soaring high you can melt the coins for its metal value, it’s a sure win investment no matter which way the market goes.

It is very vital for everyone who want to invest first to understand the business mode in which want to invest the money . Secondly always have a backup ready so that you have an exit way ready if the need be . Thirdly allocate properly so that you do not put all your eggs under one basket . Fourth start at the time when market is down which is the best time to invest when others are fearful .

Investing is good but anyone who is investing should mind the kind of investment they do, it’s not every asset you see that you should be investing in, and you risk tolerance matters a lot. If you don’t want to take a high risk then you should go for less risky investments.

Bitcoin is not the only investment I am into, I know that Bitcoin and other cryptocurrencies are volatile, so when I invest, I set out a particular amount of money for cryptocurrency and invest around 70 – 90% of the money in Bitcoin and the remaining goes to others, especially Ethereum, Bitcoin Cash and Litecoin. Then other investments I consider are bonds and similar annual Investments.

No contest to that, I can fathom all of them are far more insightful than many people miles ahead, they’re totally unlearning themselves to the school education system, I’m not sure what are you going to suggest, when the entire social system is designed in a way that promoting “go to school, get good result with flying color, get a job with benefit, invest into well diversified portfolio, get married and you’re set for life.” You can’t get a good education with current social order, that’s a losing envaedor, personally I don’t even know what to do to educate people, may be create smartphone create awareness on Facebook, create software and so on, but with massive amount of fake news spending all over the internet, you can’t even educate people as easy as it used to be in 2008, that’s trying too hard, the capitalism always get away from it.

All of the above are very educated people. You can't say to a random person "Start investing so you can quit your job and retire early." because it can turn into a disaster for them. The only thing that's always worth investing in is your education. The thing is that even if you succeed in making money without being educated, those money will hardly make your life better. So, first things first, get a good education, and only after that start thinking on where to invest.

True that’s what capitalism want you to feel, they want you to keep chasing the same rules they’re setting up for you, they want you to keep working on the goal that they carefully crafted, you’re just an economical and political output in their eye but you don’t even know why, you think you’re working for a better future, its a reality check for you, you’re clearly working to enrich the regime as bad as Mugabe who robbing the entire nation wealth yet create no job copportunities to anyone, and you even praise Mugabe for being so rich and give you a secure job with decent paycheck but no pension to you because Mugabe want to use all that money to enrich his entire heirs of 666 generations of Mugabe regime, and keep ruling the people with the same regime that turn all of you into chasing the same fraudulent rules.

The point is they don’t even understand why satoshi create a brand new currency that completely cut tie off with existing one, because the currency we are working on for paycheck are totally blinding us years after years, decades after decades, we wasted a lot of time working to enrich the lazy parasite who contribute nothing but create more debts, while our useful energy not going into helping the poor kids to get ahead in life, people are wasting too much youth working for a corrupted currency, few people want to change that, they want people to create more jobs create softwares to help the people, create computer to help people get educated and get ahead in life, create a utopian nation in this corrupted world, but it’s not easy, they need a new currency that wouldn’t get dictated again by the capitalism, I think bitcoin might be failing in this department, but what else can we do except keep chasing for the same rules and play the same capitalism game and get poorer and poorer by day, yet we are fooled and confused and misinformed and we blame each other for our problem yet we praise the lords who leeching us forever for providing us with a steady paycheck job that’s killing our soul inside out working for the sweat shop that the lords force us into.

You are lucky to understand that employment or working for someone isn't for you. There are not that much people who's willing to take risk and only wants to be employed forever because there's a stable income and benefits being like one. But for people that doesn't see the beauty of it wants to have freedom but the income wouldn't be as stable as being employed and we're lucky to have that kind of feeling because we don't like it and it's not for us. But we can't blame the people who wants to work for a certain work forever.

You need to plan out everything before investing because in just a snap, your money might be gone if you put it into a wrong investment. You can also try to seek the help of the experts and try to ask them about the factors that you should consider before investing.

everybody wants it, it's just that all investments need money, and now people are working to collect it. even after they have the money, they will think of a safe and promising investment place. I already have several plans for that, it's just that money is the main factor in this matter. Well, we have the energy, and that is something we can use right now to make money.

I’m always advocate risk-free investment, there is all sort of scammers in this world, they know how to dupe people deep in their hearts, scammers know you want risk-free investment because nobody can afford to loss their pension fund into investing, and the scammers team up with more scammers and develop a new scam that promise “risk-free” investment” and trying to sell to the pensioners, the pensioners being duped and believe in the words of the scammers who plead about “risk-free” investment, and they get duped into investing the “risk-free investment” sold by con artist, that’s intriguing people have poor comprehension on word by word definitions, they get duped by words of mouth, and very common for the highly educated one who get duped by the keywords in the portfolio the scammers sell to them.

Well,  what’s risk-free investment? You may tell me it’s all but hoax no such thing as risk-free but only scams. That’s not entirely wrong, however risk-free investment still exists, but they’re usually only controlled by the few elites who work for the big bankers, and yeah all big bankers have all the risk-free investment, you can read some book, Grunch of Giants who debunk the risk-free investment produced by south sea company.

I’m not going to blame anyone, personally I had seen people loss money in stock market, first in 97 I heard that my mum talking about her elder brother getting into some type of scam in the past nobody aware of stock market existed but we just know he’s investing into something but trying to hide it when loss the money in the crashes, and also by the time in 97 internet was not as robust as today, you can’t access internet with windows 95 (LoL) as the time pass we finally know the truth so that’s stock market that he’s dabbling and loss the pension fund he had saved up, then once again in 2008, this time it was my friend talking about his dad, who recently retired from managerial title and have a million in pension(that’s a lot in 2008), investing into some franchise company selling ice cream, of course with ALL the pension money he have, I think he’s being promised 10% ROI for the investment, kinda same like bitconnect, they promise safe investment, grade A investment, backed by big fund, etc, and yeah you already know that loss the entire money into the scam, although I can’t do anything but just listen to what they say, but strangely for the highly educated people they easily get scammed, many blame about their low emotion for trusting a scammer with their pension money, by now I think it kinda make sense what is happening in 2008, many people loss a fortune into the stock market, btw it is 2020, the stock market recently crashed too, in waiting to see who’s going to be the next one crying scam and who’s going to be the losing entire pension into the investment, I haven’t heard anybody talking about losing their pension yet, may be people are getting too smart and they didn’t put any money into stock market?

Yeah, I agree that not everyone can save for themselves, I have been trying to save for a long time, glad fully I have some saved aside thanks to some bounty bonus I did that turned out to be a good amount and it is totally saved aside but I fail at monthly saves.

I can't just spend the money I earn and keep some of it aside, hell I can't even cover that every month so I have to spend some of my investments time to time, thankfully that is rare but it happens as well. So, how could one person who fails to even pay for monthly expense manage to put some money aside. I will keep trying to do it but I just fail at it.

Now, I have about 25k saved somewhere (gold, crypto, interest etc etc) but I don't even know a proper passive income that would make sense and be not so risky neither.

It is not that easy for anyone to start investing without proper knowledge about investment, I have seen quite a few people who have lost a lot of their savings with bad investment choices made, I guess it is always better to learn about investment slowly by investing small amount of money first and wait to see the final result of that investment before deciding what to do next.

We all have our own ways on how we can escape poverty and make passive incomes. We all have our different times, some may end up getting rich at a very young age while some takes a long while before becoming stable. Investments can be very useful if you want to secure a good life in the future but doesn't necessarily mean you should quit your job after getting much from investing. You can still keep on working so that if ever there's an emergency, you wouldn't experience any trouble in terms of money. It can be crypto investment or fiat investment, whatever it is, you need to make it work so that your time wouldn't be wasted for nothing.

In my opinion, investing is in a big part about mindset and a bit about money, you can have all the entire nation wealth’s but still you would make a very bad investing decision, I’m talking to 401k here. With a willing to help mindset on you, and a little capital you can make a totally world of change, I’m talking about Steve Jobs who get into bankruptcy all the time while still become the founder of the world most highly valuable publicly traded company, because Steve Jobs are a small part greedy for money and a big part mindset trying to help the people, Steve Jobs are greedy too but not to the point of heartless and looking for wealth in killing people.