Start investing so you can quit your job and retire early. - page 7.

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Quote from: Arcas on March 12, 2020, 09:49:27 AM

Keep think once more time when you want quit from your job and keep focus with investing and trading in cryptocurrency after seeing how bitcoin or altcoin drop drastic today, keep brave for quit from your job and continue for investing in crypto or not.

This isnt advisable. Having a day job is a normal life, and doing trading and crypto works isnt sustainable. Maybe if you have a regular income or commissioned to do with a huge rate but even though, you cant ripped any benefits while residing on a private company.

Maybe you can save money for mining and earned passively but with the current state of btc price it will not bring you more ROI, maybe just put some out of your salary and hold for long term.

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Quote from: Arcas on March 12, 2020, 09:49:27 AM

Keep think once more time when you want quit from your job and keep focus with investing and trading in cryptocurrency after seeing how bitcoin or altcoin drop drastic today, keep brave for quit from your job and continue for investing in crypto or not.

By converting 1/10 of your active income into bitcoin miner, you’re turning your earning into 1/10 passive income, with that passive income, you can move to third world and live a life of a king, $500 in passive income is frugal in United State, but $500 passive income in Manila you can retire and quit your job entirely, also you can move to any third world country with $500 passive income as you like, no constrain to that.

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Quote from: xvids on March 12, 2020, 06:06:10 AM

I like the idea of investing at an early ages
Just imagine how much we could have saved if we invested something at our early ages,
Let's say we started investing or saving while we are still in grade school I know there are some people who likes to save money just like me when I was a kid.
Just imagine if there are still those kind of kids nowadays and instead of saving Fiat in their piggy bank they would keep it on crypto.

No one can give you such an opportunity to earn a lot of money now, except to work on the cryptocurrency market yourself. And not everyone has such opportunities , but only those who are not afraid to invest in bitcoin. Therefore, we can not stand aside now and we need to make investments for tomorrow.

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Quote from: xvids on March 12, 2020, 06:06:10 AM

I like the idea of investing at an early ages
Just imagine how much we could have saved if we invested something at our early ages,
Let's say we started investing or saving while we are still in grade school I know there are some people who likes to save money just like me when I was a kid.
Just imagine if there are still those kind of kids nowadays and instead of saving Fiat in their piggy bank they would keep it on crypto.

The point is you don’t need to make a lot of passive income, you don’t need to make $5000 of passive income, even $500 in passive income is life changing and with that $500 passive income you can say “kiss your ass good bye” to the United State and move your entire family to the lowest of the low cost country, no compromising on your lifestyle in moving from first world to third world country. Is it too much to ask for converting to just 1/10 of your active income to passive income to make a change in life?

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Quote from: Meowth05 on March 12, 2020, 05:55:42 AM

I don't think everyone can just simply quit their job and just start investing. If that becomes a mentality it will harm them in the long run. You can't simply start investing, you need a funds that will support if you experience shortcomings (trust me shortcomings will happen a lot when investing), you also need fund to support your daily life, you can't think clearly without physical sustenance. If you read this and you are thinking about quitting your job, consider your situation; can you afford to lose this job?, will it affect my loved ones?, are you good at choosing where to invest?. Ask these questions yourself. Think before you leap especially if investing is an uncharted waters for you.

If your paycheck is $1500 a month, and you can convert half of them into passive income, that’s will be $750, you can move your entire family to third world country say Manila and live a life of a king with their low cost and high quality lifestyle, although you can’t do anything with $750 in the United State. With passive income you don’t need to work on the United State and earn USD and living in third world country. Isn’t it a wonderful magic in life?

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Quote from: Shasha80 on March 12, 2020, 05:04:26 PM

Very true we should not delay investment, because investment can make you get passive income. Although realize it is not as easy as
we imagine, at least we start first. If our investment goes smoothly for approximately 5 years then we can make a decision to get out
of our work in the real world.And focus on investing in crypto, and being able to enjoy the life we've been dreaming of. That all can be
realized if our intention is strong to invest from now up to 5-10 next year.

while we are still young, it seems we have to be good at managing finances so that our old age is guaranteed. some of our income from real work, should be invested in several fields of investment in accordance with our beliefs. so that the next 10 years we can realize dreams, which are sometimes difficult to achieve from real work, but we must have good knowledge to choose the investment field

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Quote from: goaldigger on March 06, 2020, 06:29:31 PM

Investing doesn’t hive guaranteed profit but if you do it early as possible then you have the chance to retire early because of your investment. If you want to succeed then keep working and working, don’t quit too early and think for a good business that can run your whole family. This is not easy but its possible to happen, so keep going.

Yeah you are absolutely right you can't guarantee that your investment will keep you at the high situation, you also need to get a job work hard for it or you can also do business on your own aside from that you can also invest on the other company to promote your own company

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Start investing right now to get much profit and bring opportunity when bitcoin keep going down, but when bitcoin have going up you will know how much profit earn from bitcoin and altcoin, you will able buy with lower price.

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Very true we should not delay investment, because investment can make you get passive income. Although realize it is not as easy as
we imagine, at least we start first. If our investment goes smoothly for approximately 5 years then we can make a decision to get out
of our work in the real world.And focus on investing in crypto, and being able to enjoy the life we've been dreaming of. That all can be
realized if our intention is strong to invest from now up to 5-10 next year.

Arcas

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Keep think once more time when you want quit from your job and keep focus with investing and trading in cryptocurrency after seeing how bitcoin or altcoin drop drastic today, keep brave for quit from your job and continue for investing in crypto or not.

xvids

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I like the idea of investing at an early ages
Just imagine how much we could have saved if we invested something at our early ages,
Let's say we started investing or saving while we are still in grade school I know there are some people who likes to save money just like me when I was a kid.
Just imagine if there are still those kind of kids nowadays and instead of saving Fiat in their piggy bank they would keep it on crypto.

Meowth05

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I don't think everyone can just simply quit their job and just start investing. If that becomes a mentality it will harm them in the long run. You can't simply start investing, you need a funds that will support if you experience shortcomings (trust me shortcomings will happen a lot when investing), you also need fund to support your daily life, you can't think clearly without physical sustenance. If you read this and you are thinking about quitting your job, consider your situation; can you afford to lose this job?, will it affect my loved ones?, are you good at choosing where to invest?. Ask these questions yourself. Think before you leap especially if investing is an uncharted waters for you.

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Quote from: Broly46 on March 11, 2020, 06:48:51 PM

Investment always outpace working hard for paycheck, in the long run when you investment outpace the income you gain from paycheck you would naturally quit your job, and even straight away retire for life. I think the opposite goes the same too.

I do not consider cryptocurrency as the main source of income. I have a permanent job and part of my contributions go to the pension Fund. And in order to provide a passive income for yourself, you need to make a very large investment in such a business. And then I ask myself the question: do You want to live now or later in retirement?

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Quote from: KrisAlex18 on March 11, 2020, 04:26:13 AM

I think investing is not enough for you to quit your job because you can still invest eve you are investing, you are just going to wait for the market to goes high it won't really affect your work. Do not waste your 4 years course career, do not lose it only because you are investing because you can do it both, it is better if you still have work mate because your earnings is still continuous when you have work. Investing is not a sure win profit so do not trust it so much in a way that you will stop your work just for it.

Investing is really good especially for those who have knowledge on it because investing is not a simple thing, you should have knowledge first about it, so you will assure yourself that you may earn from it.

Quote from: wx016 on March 06, 2020, 05:50:49 PM

In order to invest you need certain preparation an education on what to invest and how to invest, you can not start investing just like that.

Well said mate, everything you are doing in this virtual world are needed more knowledge, no things come in an easy way, you need to work hard for it, research about it and always think wisely, in addition, there are so many hackers and scammers, so if you are beginner and you try to invest or trade then you may lose your money.

Investment always outpace working hard for paycheck, in the long run when you investment outpace the income you gain from paycheck you would naturally quit your job, and even straight away retire for life. I think the opposite goes the same too.

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Quote from: Timelord2067 on March 11, 2020, 01:44:14 AM

I would simply work out what I could afford to pay each week/fortnight/month on bitcoin, $20, $50... $100 and once bought it goes straight into a paper wallet that I prmice myself I won't touch until retirement or a set target date say in 20+ years time.

The only stipulation is you have to keep buying no matter if the price goes up, down or sideways as regular as clock-work.

Having a plan is good, I will do the same too.

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Quote from: FanatMonet on March 10, 2020, 06:33:15 PM

To invest, you need to have some knowledge, especially when it comes to cryptocurrencies or exchange-traded assets, otherwise there is a possibility of losing your money as a whole. Of course, you can invest in real estate, which is most suitable in my opinion.

I don’t think you’re welcome into the elite club who monopolies the real estate market.

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Quote from: Stedsm on March 10, 2020, 02:16:17 PM

Invest into what?

Mutual funds? - Subject to market risks and may/ not give you even your capital returned.

Stocks? Shares? High risk equities? - Never, I'd rather keep my money with me in the form of cash.

Banks? - Meh, I'd love to keep this allergy away from my money and focus on how to keep it safe from these big-scale robbers.

Bitcoins? - Well, I don't have the courage to keep all my money stored into BTC because of its uncertainty. I can keep some % of my earnings to remain in BTC, but not all.

Real estate? - Somewhat yes, but needs a lot of knowledge about the land/place we invest into and the potential returns in a few years later from that property.

I like to invest into something risk free. I know many people will tell you’re dreaming to get anything risk free. But that’s your fault who didn’t work hard to enough to look for them, risk free investment does existed, and risk free investment is also the only one that give you multi flippening gain that you craze badly. Look carefully we have many risk free investments that kick off wildly since the last century.

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Quote from: TheGreatPython on March 10, 2020, 12:36:45 PM

Honestly, this is one of the hardest things in life to do when you are married and have a family not because it will cost you more money (it will but that's another topic) but because you want them to live a better life and it is not just about you anymore. I can live with bare minimum life but do I really want to offer my wife the bare minimum as well? No. I want her to live the best life possible that she can live and that causes me to spend more money to provide a decent life for her.

Plus, not everyone lives in a first world country, if you live a third world country living even a decent life is very expensive, the average is basically starvation in many nations so if you live a decent life and go out twice a week you are basically considered rich as well.

You gotta be kidding, investing is easier in third world undeveloped country, since most of the resource is still untapped, that’s what emerging market has been the trend among big institutional, the U.S. is suffering from super low GDP growth rate that’s may not mean a lot to you, but the pain behind low GDP isn’t getting feel on undeveloped country, they need to pay for many facilities that’s typically free on third world China, for example professionally done Corona virus dianogstic to be charge $4000 in U.S. but given free on mainland, welfare programs are the only source of income for them you see many US nations go around the world and begging for donation but do you see any Chinese nation begging all over your homeland? That’s something many people can’t see without a deep understanding to impact of the GDP, I think Japanese will soon go around the world to begging for donation too.

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Quote from: princesspoppy on March 10, 2020, 10:31:16 AM

Maybe for some people, they see work as just a way in order to earn money for a living, but to some people, they see work as their passion and I don't see any problems with that. Yes, having vacation and resting is really good, and most people will like that, but being always in a vacation and not having any work just because you are earning money from an investments (if you are earning good ROI) could be really boring. Yes, you'll enjoy it at first, but you'll always seek for something to do.
Also, remember that investing does not give guaranteed profit, knowledge and capital is also needed in this. If you doesn't have this things, earning could be really difficult.

You got to enjoy vacation during Christmas or lunar new year, but you would still feel empty in life. I think vacation isn’t really what you’re after, what you’re after is enjoy what little time you have living on this earth, vacation is just part of the deal not the final product and that’s why you feel empty because you didn’t receive the product but a empty parcel from your express delivery, can you ask for a refund?

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Quote from: Blackdeath on March 10, 2020, 09:41:18 AM

In my own opinion, it is very easy to say but hard to do because investing your money in cryptocurrencies or in other things is not really sure if it can give you an enough profit just to provide all of your neccesities and pay all of your bills. Investing your money is a risk, that is why you should not leave your job or retire early because it is more better to invest your money while having a regular job for you to provide the things that you need.

The easiest thing to do is inaction and lazy. It’s easy also it’s why you will feel the heat burning your bums when your house burning wild fire and you think it’s fine to just do nothing.

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