Start investing so you can quit your job and retire early. - page 9.

Broly46

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Quote from: criza on March 07, 2020, 07:57:00 PM

Quote from: Broly46 on March 06, 2020, 11:09:03 AM

Everybody want to get rid of their life and they’re working day in day out, 24/7, never ending working, we are miles better, with avarage US employee work 1768 hours per year or 38.6 hours per week, better than Beijing 2096 hours, Tokyo 1997 hours, Shanghai 1987 hours, Seoul 2307 hours, Dubai 2323 hours, New Delhi 2511 hours, Mexico 2622 hours.

The table didn’t deduct the time spend on commuting to work, lunch break, commuting to home, and yes, we are more than 10% better than busy Japanese working culture.

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.

Indeed, I have know a lot of my relatives and neighbors that even if they are already old they still need to work for their needs or to live day by day. I also think that, investing and considering it early in our lives would have a great impact on us when we get older and we realize that life is short to be wasted only for work. We should somehow have the mindset to always think of what is more better and would help us in the future, we should not always think of the present but we should anticipate what is to come.

Compounding effect will outpace your lifelong hardwork in a great margin.

Broly46

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Quote from: hahay on March 07, 2020, 07:36:16 PM

That's right and the most important thing is to have special skills so that you can have your own line of business early on, because having your own line of business is also a form of long-term investment if you have good skills to manage it so that it remains consistent to continue to grow and increasingly popular in the community. There are many forms of investment and indeed, we should make investments from now on, because with us starting faster then that will improve our experience and skills in this circle.

Investors must be very skillful, they also need to have the know how of earth and heaven, life and death, dragon and tiger, also kung fu.

Broly46

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Quote from: bitgolden on March 07, 2020, 03:53:42 PM

I really want to do this as well but it is really hard when you are not making enough money to cover your expenses every month. I mean in order to save some money you have to make enough money to not live but also put some aside, I am literally making a net loss every month so it is quite impossible for me to start investing. I have tried some back in the day from the extra money that I got from some bounties and so forth but all in all none of that really turned out to make me rich neither, not at least enough to retire early.

My new idea is to make money from crypto world however pour that back into real world to have a more sustainable and understandable investment. I know we all love crypto here but I think it is time to have a more realistic investment than just some coins.

Keeping your expense low, not spend below your means, that’s might be cherry picking, but you can keep your expense low by having passive income, you need to spend below your mean for active income. You must want to be in the position that benefit the most, which one is it?

Broly46

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Quote from: Findingnemo on March 07, 2020, 03:59:15 PM

Quote from: Broly46 on March 07, 2020, 09:42:26 AM

Quote from: Findingnemo on March 07, 2020, 08:37:27 AM

But most people didn't invest on the right things so they mess up things and get rekt at the end.

A smart investor means to increase your assets, not the liabilities.

Don't wait to be an investor until you quit your job, just start investing while you are working itself so we can increase more cash inflow.

I can tell many people invest into trading bitcoin, they trade bitcoin everyday, that’s a very bad habit, they’re losing on trading fee and the exchange take a big cut from their earning, I think they didn’t learn how to investing.

Probability of making profits from day trading could be 3 to 5% even on a normal day so playing little bit of fee won't hurt the traders as long as they are making profits and also there are some ways to reduce the trading fee like holding exchange's token will get discount on the fee like BNB on Binance.

Tell that to maximalist who hoard for life long.

Arcas

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Although some time you got much profit from investing in bitcoin and altcoin never quit from your job, always have bigger chance when your investing have lower price and you lost much money from your investment in bitcoin and altcoin, it will be the way to get income from your job.

criza

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Quote from: Broly46 on March 06, 2020, 11:09:03 AM

Everybody want to get rid of their life and they’re working day in day out, 24/7, never ending working, we are miles better, with avarage US employee work 1768 hours per year or 38.6 hours per week, better than Beijing 2096 hours, Tokyo 1997 hours, Shanghai 1987 hours, Seoul 2307 hours, Dubai 2323 hours, New Delhi 2511 hours, Mexico 2622 hours.

The table didn’t deduct the time spend on commuting to work, lunch break, commuting to home, and yes, we are more than 10% better than busy Japanese working culture.

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.

Indeed, I have know a lot of my relatives and neighbors that even if they are already old they still need to work for their needs or to live day by day. I also think that, investing and considering it early in our lives would have a great impact on us when we get older and we realize that life is short to be wasted only for work. We should somehow have the mindset to always think of what is more better and would help us in the future, we should not always think of the present but we should anticipate what is to come.

hahay

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That's right and the most important thing is to have special skills so that you can have your own line of business early on, because having your own line of business is also a form of long-term investment if you have good skills to manage it so that it remains consistent to continue to grow and increasingly popular in the community. There are many forms of investment and indeed, we should make investments from now on, because with us starting faster then that will improve our experience and skills in this circle.

Findingnemo

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Bitcoin = Financial freedom

Quote from: Broly46 on March 07, 2020, 09:42:26 AM

Quote from: Findingnemo on March 07, 2020, 08:37:27 AM

But most people didn't invest on the right things so they mess up things and get rekt at the end.

A smart investor means to increase your assets, not the liabilities.

Don't wait to be an investor until you quit your job, just start investing while you are working itself so we can increase more cash inflow.

I can tell many people invest into trading bitcoin, they trade bitcoin everyday, that’s a very bad habit, they’re losing on trading fee and the exchange take a big cut from their earning, I think they didn’t learn how to investing.

Probability of making profits from day trading could be 3 to 5% even on a normal day so playing little bit of fee won't hurt the traders as long as they are making profits and also there are some ways to reduce the trading fee like holding exchange's token will get discount on the fee like BNB on Binance.

bitgolden

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I really want to do this as well but it is really hard when you are not making enough money to cover your expenses every month. I mean in order to save some money you have to make enough money to not live but also put some aside, I am literally making a net loss every month so it is quite impossible for me to start investing. I have tried some back in the day from the extra money that I got from some bounties and so forth but all in all none of that really turned out to make me rich neither, not at least enough to retire early.

My new idea is to make money from crypto world however pour that back into real world to have a more sustainable and understandable investment. I know we all love crypto here but I think it is time to have a more realistic investment than just some coins.

Broly46

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Activity: 1554

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Quote from: abhiseshakana on March 07, 2020, 11:48:18 AM

Not everyone has a business soul, especially their millennial generation is more consumptive. I think for beginners who want to start a business can start to become intermediaries for sellers and buyers. This practice can hone business instincts and investment skills for beginners.

Investments can start with simple things even when we are young. Investment is our money is safe and growing, so we must be able to distinguish between assets (real assets and produce) or liabilities (burdens/liabilities that will reduce our assets).

We take the example of a car, a car can be an asset or a liability. The car will be an asset when we rent it or we make it as an advertising car that generates additional income for us. Cars become liabilities when we only use them for personal use because we have to pay extra to pay for maintenance costs and taxes. So for beginners, they can start changing their hearts to become assets rather than liabilities.

You can make money working for Uber, I think it’s plausible to make money, provide you’re hardworking, it’s the same as working for paycheck. Elon Musk and Mark Zuckerberg may beg for differ, they are great investors.

Broly46

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Quote from: rdluffy on March 07, 2020, 11:55:14 AM

I have this dream since I was a kid, but only with BTC I started to do my plan and follows

I have a passive income with BTC and cryptos and this teaches me a lot of things that helping me in my daily life

I see most people talking about being almost impossible to stop working but they are not stoping wasting money

We have to change our comfort, luxury, ultimate tech stuff and a lot of another things to achieve this goal, it's not easy, but the rewards will be for the rest of your life, I'm doing this, but when I talk to people around be, no one wants to stop buying new cars, new clothes every month, trips etc etc

We need to stockpile toilet paper, ramen, face mask, water, food, the rainy day is getting closed, then you need to spend money to get them from Walmart.

Broly46

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Quote from: absy on March 07, 2020, 11:51:00 AM

Well what you are saying makes absolute sense but what If I don't wanna quit my job because I love my job ? Tongue

I know there are very few people out there who can say this and that's the saddest part . Isn't it? We often run after the money instead of running after satisfaction .

Then you’re absolutely workaholic, people who addicted to working and being very busy, have a lot of errand to commit to all the while, they have my deepest respect, they contribute to the economy output for the country.

imstillthebest

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investing in what ? cryptos just because we are on the crypto forum or other assets are included on here ?

investing in crypto is unstable but more profitable , you can cash out your earning and save those earning but on other stable assets they can work out mostly long term . between the two , you can retire as early as posible if you grab cryptos but if you grab the much stable assets then you need to work to support your needs and also to save up as well .

Broly46

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Quote from: jakelyson on March 07, 2020, 09:46:33 AM

Quote from: Broly46 on March 06, 2020, 11:09:03 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 ...

You are proclaiming it as if it is a magic solution to financial freedom. Of course, it can be a part of the solution but in reality, the success rate in becoming successful in investing is just 20%. Most investors lose their money and there is a myriad of reasons that can happen. Even if you study investing, there is still a chance you can lose money because market is very unpredictable.

But, I do not discourage anyone from investing. They should do it but be wise about it. Like everyone else says, invest only the amount you can afford to lose. If you lose, you will not mind so much. But if you get lucky, it is a great addition to your source of income.

It’s obviously a magic, genius derive from the words “genie” “in” “us”, that’s exploring the genius inside ourselves, make magic out of the resources we have, Wright brothers create magic out of the knowledge they have, they create the first flying object, the first airplane, everybody called them magician, Albert Einstein discover first light bulb, everybody called him magician, magician make magic out of knowledge they learn from chemistry, they make people laugh and happy with magic, the same goes for investing, it’s a magic and make people happy and quit their job.

Magkirap

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Quote from: absy on March 07, 2020, 11:51:00 AM

Well what you are saying makes absolute sense but what If I don't wanna quit my job because I love my job ? Tongue

I know there are very few people out there who can say this and that's the saddest part . Isn't it? We often run after the money instead of running after satisfaction .

That is why it is important to have a job that really tickles your interest so you won't be having too much hard time about your work but of course as we grow, mature and face hard situation we understand that profit is important so you'll go to anything that gives earns you money but the point of the OP is to invest and grow your money as early as possible so you won't be thinking of working yourself too much in the future for you have investments.

rdluffy

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I have this dream since I was a kid, but only with BTC I started to do my plan and follows

I have a passive income with BTC and cryptos and this teaches me a lot of things that helping me in my daily life

I see most people talking about being almost impossible to stop working but they are not stoping wasting money

We have to change our comfort, luxury, ultimate tech stuff and a lot of another things to achieve this goal, it's not easy, but the rewards will be for the rest of your life, I'm doing this, but when I talk to people around be, no one wants to stop buying new cars, new clothes every month, trips etc etc

absy

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★Bitvest.io★ Play Plinko or Invest!

Well what you are saying makes absolute sense but what If I don't wanna quit my job because I love my job ? Tongue

I know there are very few people out there who can say this and that's the saddest part . Isn't it? We often run after the money instead of running after satisfaction .

abhiseshakana

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Not everyone has a business soul, especially their millennial generation is more consumptive. I think for beginners who want to start a business can start to become intermediaries for sellers and buyers. This practice can hone business instincts and investment skills for beginners.

Investments can start with simple things even when we are young. Investment is our money is safe and growing, so we must be able to distinguish between assets (real assets and produce) or liabilities (burdens/liabilities that will reduce our assets).

We take the example of a car, a car can be an asset or a liability. The car will be an asset when we rent it or we make it as an advertising car that generates additional income for us. Cars become liabilities when we only use them for personal use because we have to pay extra to pay for maintenance costs and taxes. So for beginners, they can start changing their hearts to become assets rather than liabilities.

inanilujimi

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everyone wants to be like that, but the problem is not everyone can have enough money to start an investment to get out of the workforce.
Everyone's needs are different, so for me while it is still possible and healthy to work, use it together if it does not interfere with work time is the right solution.

Assface16678

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Quote from: Sadlife on March 07, 2020, 08:25:58 AM

I agree i know a lot of people who work hard all their lives sacrificing sleep, family and health just to earn that small wage that's after a few days is gone. Because of the increasing prices of services, food and daily necessities. So instead of burning all your money away with these things, take a portion of it and start investing.
But investing money blindly we'll only get you rekt, you must pick a good viable profitable project or coin also.

I think that was a good idea too because some of the people today are now starting to make investment when the market Is too low because by that we can make a lot of earnings that can save our future while you are still young or at the early age it is better to make investment so that in the future you can quit your job and take a rest for your entire life and enjoy your living routine that minding the number of money you will need to save also it is a good trait that we are saving a lot of money because this may practice us to support ourselves and become an independent person that can sustain our daily needs. Always enjoy your life and don't sacrifice your health and self just to earn a little amount of money.

Topic: Start investing so you can quit your job and retire early. - page 9. (Read 1247 times)