Start investing so you can quit your job and retire early. - page 8.

Broly46

full member

Activity: 1554

Merit: 116

0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC

Quote from: markdario112616 on March 10, 2020, 08:48:04 AM

Quote from: Broly46 on March 06, 2020, 07:17:43 PM

Quote from: harizen on March 06, 2020, 06:23:22 PM

Quote from: Broly46 on March 06, 2020, 10:09:03 AM

...then you should start investing and start generating your passive income that can give you stream of cash flow every months without working,..

Easier been said than done.

-snip

Elon Musk did it
Mark Zuckerberg did it
satoshi did it
Don’t loss your hope

Well, They all started at the bottom. They work hard and smart to achieve the things they have today. I'd agree that it's easier to say, though everyone has capability to do it as long as an individual take every possible tool available as an advantage.

Tbh, This will take time and a lot of trial and errors will be done. Patience and effort are a factors in this case. Investing is not a 1 day course that anyone can learn instantly. Those person you've mention above, also gone through this process and still going through it on a daily basis. Investing has big world, and without proper knowledge in it, a newbie can easily be swallowed.

Let’s recap what they did in the past
satoshi beat the dragon who monopolies the p2p transaction, the giant bank via bitcoin
Mark Zuckerberg beat the mainstream news who monopolies the advertisements revenue over the internet via FB
Elon Musk beat the tiger who monopolies the offline money transactions via PayPal

They all fought well and beat the final boss, yeah it’s kinda difficult.

Broly46

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Activity: 1554

Merit: 116

0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC

Quote from: Aletheaminlin on March 10, 2020, 01:28:28 AM

In general, you and I are aiming to make money. But everything is not easy, so start investing. Capital issues and knowledge for investment. I think it will be the basis for getting started, but that isn't something everyone can do. Instead of advising people to invest early, I think you should tell people to do well the work that suits their ability, then they can think of other ideas for making money. This is gonna be better, man.

I need to learn Brazilian jitsu tsu to brown belt 4th rank, Bruce Lee legacy kung fu to top tier achievement, also beat the dragon and tiger in the journey to investing, it’s very very difficult.

Broly46

full member

Activity: 1554

Merit: 116

0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC

Quote from: NavI_027 on March 10, 2020, 01:16:43 AM

Quote from: Broly46 on March 06, 2020, 10:09:03 AM

You want to quit your job and take care of your valuable life to do what you want to do in life, then you should start investing and start generating your passive income that can give you stream of cash flow every months without working, so that you can begin to planning your life and travel to enjoy what the exciting world await your visit. Don’t wait until you’re too old, start investing and living the life of your dream.

That's the best plan you could do to generate more money. I know that there's no risk-free business at all but facing the risks is worth if you succeed. So for those weak hearted or those who don't have the confidence of establishing their own business, be courageous and continue pursuing

. Don't worry about the losses because it can be prevented after all. Just like the old saying, "Work smarter, not harder". Let the money work for itself.

You can be risk free when you’re one of the big banker, they’re the only who shun risk to dead.

Broly46

full member

Activity: 1554

Merit: 116

0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC

Quote from: Innocant on March 09, 2020, 06:58:15 PM

Investing it is a good idea if we earn more in comes on trading, But for me I dont have a plan yet to quit my job because Ill need it as of now. Maybe on when I earn more in trading can build more business Ill think that was a time for me to quit my job. I plan this on when I come in crypto currency that would be better have a time make my own decision so for now I need to ear more before to make a move.

That’s not a wise decision, you gotta yolo, just like cz binance who confesses to sold his house to buy bitcoin at $500 and hodl even though it dumped to $100, or Didi who sold bike sold bed sheet sold his business to all in bitcoin at $20,000??? And dump to $3xxx and freezing his ass to coffin. That’s not for the fainted heart.

Timelord2067

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Activity: 3696

Merit: 2219

💲🏎️💨🚓

Quote from: Xampeuu on March 11, 2020, 02:48:23 AM

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.

investment is saving in the long run. I think it will be more effective if we know the time for each purchase, so that later the profit gained will be greater. on the other hand, by investing means not disrupting our real work, and can run normally. so we have extra money to always invest. our long-term investment goal is to guarantee our old age financially free

In the last month I've started wearing signatures - the funds I've received so far I'm splitting and putting aside for future long term projects.

In theory a portion (25%) to a retirement fund (not my only source of retirement mind you), (25%) fund lightning network channels (more the merrier I guess) and one or two other projects once I work out what they are. (possibly 50/50 split of the remainder to buy alt crypto (25% overall) and buy items (final 25%) such as gems from roughswap in this thread: Swapping gemstones for coins)

KrisAlex18

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Activity: 742

Merit: 160

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.

Xampeuu

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Activity: 1442

Merit: 116

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

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.

investment is saving in the long run. I think it will be more effective if we know the time for each purchase, so that later the profit gained will be greater. on the other hand, by investing means not disrupting our real work, and can run normally. so we have extra money to always invest. our long-term investment goal is to guarantee our old age financially free

Timelord2067

legendary

Activity: 3696

Merit: 2219

💲🏎️💨🚓

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.

FanatMonet

hero member

Activity: 742

Merit: 507

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.

Stedsm

legendary

Activity: 3052

Merit: 1273

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.

South Park

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I am terrible at Fantasy Football!!!

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.

This is one of the reasons I hear the most when it comes to the difficulty of saving and investing and you are right, if you are single not only your expenses are going to be many times lower you can choose what comfort level you are willing to accept and save the rest of your money, but when you have a family then it is not longer about you, however there is a way to solve this and that is to evaluate very honestly if the additional expenses you are making actually improve the quality of your life, if they do not then you can get rid of them and save that money instead.

TheGreatPython

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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.

princesspoppy

member

Activity: 634

Merit: 10

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.

Blackdeath

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Activity: 910

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

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.

markdario112616

full member

Activity: 816

Merit: 133

Quote from: Broly46 on March 06, 2020, 07:17:43 PM

Quote from: harizen on March 06, 2020, 06:23:22 PM

Quote from: Broly46 on March 06, 2020, 10:09:03 AM

...then you should start investing and start generating your passive income that can give you stream of cash flow every months without working,..

Easier been said than done.

-snip

Elon Musk did it
Mark Zuckerberg did it
satoshi did it
Don’t loss your hope

Well, They all started at the bottom. They work hard and smart to achieve the things they have today. I'd agree that it's easier to say, though everyone has capability to do it as long as an individual take every possible tool available as an advantage.

Tbh, This will take time and a lot of trial and errors will be done. Patience and effort are a factors in this case. Investing is not a 1 day course that anyone can learn instantly. Those person you've mention above, also gone through this process and still going through it on a daily basis. Investing has big world, and without proper knowledge in it, a newbie can easily be swallowed.

Aletheaminlin

jr. member

Activity: 58

Merit: 1

2+1=3

In general, you and I are aiming to make money. But everything is not easy, so start investing. Capital issues and knowledge for investment. I think it will be the basis for getting started, but that isn't something everyone can do. Instead of advising people to invest early, I think you should tell people to do well the work that suits their ability, then they can think of other ideas for making money. This is gonna be better, man.

NavI_027

full member

Activity: 1232

Merit: 186

Quote from: Broly46 on March 06, 2020, 10:09:03 AM

You want to quit your job and take care of your valuable life to do what you want to do in life, then you should start investing and start generating your passive income that can give you stream of cash flow every months without working, so that you can begin to planning your life and travel to enjoy what the exciting world await your visit. Don’t wait until you’re too old, start investing and living the life of your dream.

That's the best plan you could do to generate more money. I know that there's no risk-free business at all but facing the risks is worth if you succeed. So for those weak hearted or those who don't have the confidence of establishing their own business, be courageous and continue pursuing

. Don't worry about the losses because it can be prevented after all. Just like the old saying, "Work smarter, not harder". Let the money work for itself.

b_oo

jr. member

Activity: 59

Merit: 1

The problem is that it's not that simple, unfortunately. In this crypto world, even good ideas are out of your control.

airdnasxela

sr. member

Activity: 728

Merit: 254

We can start investing but why should we stop working? I'm not against investing but if you really want to earn a lot, you can still work but not to the point that you exhaust yourself from working. What I mean is that even those successful and rich people, they still work everyday even though they already invested in something. So it means, if you really want to be successful in life, you shouldn't just stop from investing. You can thrive harder.

Innocant

sr. member

Activity: 1414

Merit: 260

Investing it is a good idea if we earn more in comes on trading, But for me I dont have a plan yet to quit my job because Ill need it as of now. Maybe on when I earn more in trading can build more business Ill think that was a time for me to quit my job. I plan this on when I come in crypto currency that would be better have a time make my own decision so for now I need to ear more before to make a move.

Topic: Start investing so you can quit your job and retire early. - page 8. (Read 1326 times)