Topic: The secret to creating wealth... - page 4. (Read 517 times)

For a financially savvy person it is not a secret, but for many people who have a vague idea about finances, it is a secret.

Everything is relative, my other one.

Even bitcoin for many, decades later, remains a "secret" financial instrument. Practically inaccessible.

No one who is sensible will store "wealth" in money, because it is not a tool for "preserving" wealth, but for exchanging "value".

A scarce asset (resource) can be anything. Be it a piece of land, one of Stradivarius' violins, a share (stock) of a technology (and other) company.

But within the framework of communication on this forum, of course, bitcoin is voiced.

This is not difficult if you allocate "free" funds for exchange for a scarce asset, and not the last, or even worse, borrowed money. Well, and of course, moderate your "appetite" for spending on all sorts of useless nonsense.

Here we have the influence of the "noise" of the consumer society, generated by companies to "pull" money out of people. A banal redistribution of resources. If many begin to increase their own wealth, then corporations will not receive this wealth.

That is, the propaganda of consumption is cultivated in society, which is difficult for people to get rid of. And without this, they can't move to the next level of "awareness" of how to get rich, which precedes the correct strategy for increasing wealth.

People ain't keen on breaking away from Status Quo
Especially if such state seems comfortable.
Forgetting that change is ever constant
The difference between a poor and a rich person
one saw and seized an opportunity when the other saw only failure.



Well another that I would consider on the list is

Stay Healthy

The secret is not to be the regular guy that hears about an asset, talks about it, do around with it and never holds it.
Hold is the action of the 1% and you should be among the 1%

Do your jobs to get bitcoin directly is best, but if you can not get bitcoin directly, you can use your salary for purchasing bitcoin. If you are a business entrepreneur, you can use your business revenue for investment in Bitcoin.

Bitcoin is limited, and today there are 19.79M bitcoins in circulating supply but its total supply is only 21M bitcoins. There are only 1.21M bitcoins left for Bitcoin block subsidy till 2140, and if you can invest money in bitcoin in previous years or since this year, we are participating in this market sooner than many people.

No more than 21M bitcoin in total supply, it won't be change practically.

How is the 21 Million Bitcoin Cap Defined and Enforced?
Can Bitcoin's Hard Cap of 21 Million Be Changed?

... is not a secret.

• Do your job. Innovate, produce, make money.
• Trade your fiat currency for the scarcest asset.
• Hold the scarcest asset.

That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.

It amazes me how difficult it is for some people to grasp that.