Topic: This why wall street are rich and you are poor - page 5. (Read 974 times)
I don't think taking loan to invest in cryptocurrency. Trading in general is a risky game so there is no point to advice someone to take loan for crypto investment, it's a rule not to invest the amount you can't avoid to loose, and loaned money will not give proper mindset. Cryptocurrency market is not really predictable, so taking loan to trade is not a good advice.
I'm actually a person who doesn't like things like lending to invest and I think this is a pretty bad thing to do.
not because I am rich and view things like this as low, but if you look at it, I feel that things like this will only add to the burden of thinking with loan interest later.
other than that investment requires strength and clarity of mind so that we do not choose the wrong choice and benefit there.
but investing in crypto is not fixed and the profit cannot be determined in a certain period of time.
you will only be confused by interest and will only panic and wait when a correction like now comes
not because I am rich and view things like this as low, but if you look at it, I feel that things like this will only add to the burden of thinking with loan interest later.
other than that investment requires strength and clarity of mind so that we do not choose the wrong choice and benefit there.
but investing in crypto is not fixed and the profit cannot be determined in a certain period of time.
you will only be confused by interest and will only panic and wait when a correction like now comes
They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
I agree with your quote here "If u dont learn how to use DEbt to create wealth then u stay poor all ur life." Behind every successful startup there is a big balance sheet of debt. This is how big companies grow and make money by using other's money. But the fact is most the people don't know how to use money properly. They do not know money management and that's why people should not borrow money to invest in something like crypto where the market is risky.
U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.
If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.
If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.
The real problem is how do you know when bull run starts and ends? How do you predict that accurately? There is no way. The Crypto market could turn bear from bull overnight. You won't be able to sell your assets in time if you are unlucky.
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Getting a loan to invest in an asset before the bull run is a good idea but it's not something easy as you think because every investment involves risk and the last time I check no one can get a loan without using equity as collateral. This is something some cryptocurrency exchange does, however, it is never advisable for newbies or inexperienced crypto investors to get a loan.
They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
Well, this is only applicable to people who already have experience on investing, know what they're doing and aware of the risk associated with it. Taking a loan has an interest and if you're someone who dont have anything to lean on or dont have any assets to offer incase something went wrong with your investment then you're doomed. Rich people are making money for being knowledgeable and wise on what they do, thus taking a loan is just a basic for them to make money or to expand their business/wealth.They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
Thus if you're trying to copy what wealthy people do, make sure to know the consequences of your actions. Because it is still not advisable to take loan regardless on your plan for it to make more money.
But they have it backwards, the difference in income is the result of a difference in skill, rich people have a lot of skills when it comes to money that most people do not have, this means they can use their resources in a more effective way and this is what produces the massive differences in income we see, which is why it does not matter how much money you could give to someone, they will eventually become poor again as they do not know how to manage that money.
I want to ask, what is the benchmark for someone to be rich? Please and the rest why is it called poor?
Can only the rich invest and the poor have to borrow money from the bank to get VIP seats when you watch the fight in the colosseum?
I don't care how rich Wall Street is and all its government officials turn to milk. Absolutely nothing to do with them. We are still us who have a point of view in managing investment. Not just in crypto, but we are investing our lives for the future.
Can only the rich invest and the poor have to borrow money from the bank to get VIP seats when you watch the fight in the colosseum?
I don't care how rich Wall Street is and all its government officials turn to milk. Absolutely nothing to do with them. We are still us who have a point of view in managing investment. Not just in crypto, but we are investing our lives for the future.
They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.
If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.
While being a poor you should not take for investments because investments comes with risk so there is no guarantee that you will get guaranteed returns, becoming rich may not happen in a week or month or even in years it may take few decades for a poor to become rich and yes there are some exceptions but those are very rare.They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.
If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.
Save money then start investing!
You don't loan to invest because if ever you fucked it up, no one will ever bail you out of that debt. It's okay for wallstreet guys because the government will always bail them, but let us see what the government will do today now that it seem like the government has a problem fixing thier own debt by printing more money.
Taking a loan today to invest will not be a good idea if you are just new to the market, it's unpredictable. Sure you've heard of the line, invest the money you can afford to lose.
Agree and there are a lot of people that I know that took a loan and invested in NFT games. Well, some of them succeeded, some of them did not. It is really difficult to be 100% sure that you will take back the money in crypto since it is really unpredictable, so having a loan is a bad idea. This is the main reason the rich are getting richer: they do have spare money. What should we really suggest? Well, if you do have a job and are able to pay the debt, it is okay to loan, but if you don't have a job, it is a bad idea.
Some people like to borrow money to run their business or investment, especially if they can make a big profit from that. But unfortunately, we are in a crypto world in which we do not know when the bull run will come, although we can predict that the bull run almost comes but it is still difficult to have the right estimation.
While the bull run is not coming, we still need to pay the money and if somehow, the bull run is not come for 3-4 years later, how can we survive to live? We really need to calculate the risk and prepare ourselves to survive, just in case we lived the unpredicted. You can borrow money only if you know all the risks of surviving and living without carrying the risk. But the risk will always be there.
While the bull run is not coming, we still need to pay the money and if somehow, the bull run is not come for 3-4 years later, how can we survive to live? We really need to calculate the risk and prepare ourselves to survive, just in case we lived the unpredicted. You can borrow money only if you know all the risks of surviving and living without carrying the risk. But the risk will always be there.
You don't loan to invest because if ever you fucked it up, no one will ever bail you out of that debt. It's okay for wallstreet guys because the government will always bail them, but let us see what the government will do today now that it seem like the government has a problem fixing thier own debt by printing more money.
Taking a loan today to invest will not be a good idea if you are just new to the market, it's unpredictable. Sure you've heard of the line, invest the money you can afford to lose.
You can suppose wealth advantage by connection to QE and newly issued currency. After circulating commonly on the street, the money is already worth less from inflation but when newly issued you have money which has not yet registered in its dilution of Dollar value. When you receive the money you have a good bet in knowing the future worth of dollar will decline and you can invest in assets with a greater utility and return. The average person does not have this direct connection to QE, there is a special list of primary dealers mostly investment banks many billions worth in size. Companies generally have a great advantage over a person in they can spread taxes over a six year time frame, one years losses can counter any profits going forward many years.
They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
Well, this is only applicable to people who already have experience on investing, know what they're doing and aware of the risk associated with it. Taking a loan has an interest and if you're someone who dont have anything to lean on or dont have any assets to offer incase something went wrong with your investment then you're doomed. Rich people are making money for being knowledgeable and wise on what they do, thus taking a loan is just a basic for them to make money or to expand their business/wealth.They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
Thus if you're trying to copy what wealthy people do, make sure to know the consequences of your actions. Because it is still not advisable to take loan regardless on your plan for it to make more money.
The problem with borrowed money is that it is accumulating interest and you have to pay it back. So if the price goes down or if it stays the same for say 3 years, like it did in 2017... then you are fc%#ed. The interest on that money and the money that you have to pay back might be more than the potential profits.
So the golden rule of Crypto currencies are NOT to fund it with debt..... never! Just use disposable cash that you might not need for 2 or 3 or more years.
So the golden rule of Crypto currencies are NOT to fund it with debt..... never! Just use disposable cash that you might not need for 2 or 3 or more years.
They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.
If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.
If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.
if you loan for your daily needed, its wrong. you dont need a thing and pay with your salary every month. if you loan for your company, or developing your company, ita good, because you pay with your company salary. if you loan for your investment, its wrong, you must invest after get paid first.
there are many people lucky to have loan, and lucky to have good profit in short time. and are you count on this method? i dont think so, thats why to work first, invest later. doesnt matter how small, how late as long as you know what to do.
You work hard enough to get the capability to put sentences together in a coherent manner and understand statistics, probability, calculus and basic algebra that is needed to keep track of your investments; you too can become like one of those wall street guys.
All of these stupid excuses about the scales somehow being in their favor is just the economics of scale at work. The world certainly isn't fair and wealth distribution will definitely never be equal, despite that anybody with enough knowledge, skill, and most importantly, luck can become wealthy. There is no other reason.
Borrowing against equity is something that people are already doing on these Eth based markets like AAVE and COMPOUND where you can lock certain tokens as collateral and borrow stablecoins or other crypto. These two universes will continue to draw parallels now.
All of these stupid excuses about the scales somehow being in their favor is just the economics of scale at work. The world certainly isn't fair and wealth distribution will definitely never be equal, despite that anybody with enough knowledge, skill, and most importantly, luck can become wealthy. There is no other reason.
Wealthy money-savvy people take loans with their equity as collateral all the time. It's mostly a bad idea especially for the inexperienced, but it's a damn great tool if you know what you're doing; especially today where bank loans are like more or less 2%. You just need to smartly allocate your loaned money correctly.
Loan against equity portfolio is definitely a good way to get investment cash if you already have a considerable portfolio. The middle class mostly has to depend on the loan against property stuff.Borrowing against equity is something that people are already doing on these Eth based markets like AAVE and COMPOUND where you can lock certain tokens as collateral and borrow stablecoins or other crypto. These two universes will continue to draw parallels now.
Why is no one talking about how loaned money can ruin your life faster than other ways? The higher the risk the higher the reward they say, loan money isn't your money and investing that on something that has no guarantee is too dangerous, many have take their own life because of debt just because some are getting rich using debt/loan doesn't mean it's for everybody
They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
U never use loaned funds just to buy things for u if u dont have ur own money enough.
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
U never use loaned funds just to buy things for u if u dont have ur own money enough.
basically they borrow money to be used as capital for the business. but in my opinion, trading is not something that is recommended for everyone. because trading requires professional and experienced traders, therefore most of these people hire pro traders. and also the trading options are still around the stock market and forex not crypto.
mentally you have to be ready because the risk is big so it's not easy to trade
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.
I think it's a terrible idea. Risking your own money is one thing: you can lose everything, but at least you won't owe anyone. If you lose the money from your investors, they'll probably want it back, and you'll be in lots of trouble. Also, you're saying it as if it's so easy to loan money and invest it. If you're already a Wall Street trader, you know people and vice versa, so you might get a hold of someone else's money. But if you're a nobody on the Internet, that's not gonna work for you. Moreover, it's not like all of them are rich (even those who made it there) or living easy lives (not working overtime and stressing out over the market). So, as a career choice, it's not something I'd want to do, for example. Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.
They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
U never use loaned funds just to buy things for u if u dont have ur own money enough.
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.
U never use loaned funds just to buy things for u if u dont have ur own money enough.
basically they borrow money to be used as capital for the business. but in my opinion, trading is not something that is recommended for everyone. because trading requires professional and experienced traders, therefore most of these people hire pro traders. and also the trading options are still around the stock market and forex not crypto.
Oh, so it's not because the poor people have been systematically oppressed by the ruling class and any form of making money is crippled that only those that was borne of high status can achieve. Not everyone is like those Wall Street douchebags so your point isn't valid.
I don't think rich individuals are actually to blame for people who do not have so much money, I mean many people had to work really hard to get to where they are now, they also make smart and astute moves and took out time for self development, and there have also been poor people who along the line made life changing decisions that made them rich, what I'm saying is I'm of the believe that the ability to make wealth sometimes rest in our hands/decisions we make, I know there are people that had things easy for them from birth, but there have also been others who struggled to get it to the top, so no need blaming anyone. Having said that, I'd rather blame some corrupt government that embezzle national funds for their own benefits, they are bigger problems than private rich individuals. Jump to: