True wealth comes from income when you sleeping but earning - page 6.

Fredomago

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Quote from: fauzan Ichsan on June 19, 2024, 09:47:28 PM

Quote from: Distinctin on June 19, 2024, 04:44:58 PM

Quote from: DeathAngel on June 04, 2024, 07:18:57 AM

The great Warren Buffett said, “If you don't find a way to make money while you sleep, you will work until you die.”

He’s mostly right isn’t it. Try to create a passive income if possible.

Precisely. However, not everyone is capable to make an income while sleeping, that's why a lot struggle in dealing and managing their finances not to end up shortage. But in all honesty, it's never the worth of the investment that becomes a problem, but most likely on the type of mindset that we continue to adapt even if we know already that it's not getting us the best advantage.

To get passive income, you really need a mindset and intelligence in reading situations, so that what we do can be maximized. For lower class people, for example, they live and socialize at their own level, and of course this hinders their mindset from moving forward, because they don't have big thoughts about moving forward. Of course, this must start from ourselves, so that we have the intention to change our fate

Start with a dream then follow by actions, even you are in th low level class if you have that dream and you are doing everything to attain it, then there's always a perfect ways to achieved, I think people who knows how to play with their money always look for a good source of income that can allow them to do freely use their time.

Just like how OP describe things, if you find a kind of investment where you can grow your money then better to take that opportunities and let your money works for you.

Not just in crypto but also in other forms of investment where there's increase or growth with your initial capital.

shinratensei_

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Leading Crypto Sports Betting & Casino Platform

Quote from: Distinctin on June 19, 2024, 04:44:58 PM

Quote from: DeathAngel on June 04, 2024, 07:18:57 AM

The great Warren Buffett said, “If you don't find a way to make money while you sleep, you will work until you die.”

He’s mostly right isn’t it. Try to create a passive income if possible.

Precisely. However, not everyone is capable to make an income while sleeping, that's why a lot struggle in dealing and managing their finances not to end up shortage. But in all honesty, it's never the worth of the investment that becomes a problem, but most likely on the type of mindset that we continue to adapt even if we know already that it's not getting us the best advantage.

well to be fair, as you said, situation has changed, warren buffet probably is the right man in the right situation and at the right time, his mindset is good and worth following but not really a guarantee that we will get the same success.
the overall economic landscapes has changed, investing in stock requires big capital and it is rarely owned by people, so getting passive income from that only works for people that already wealthy enough that 5% capital growth means millions of dollars. for the rest of us, hardly we can have that chance. the only way is to take risk a little bit higher and do day trading turning our really small capital into somewhat worthy of long term investment. we only talk about making money when sleeping later on when we succeed in growing our wealth.

Right now its time for grind, for the people with lower capital, increasing risk with leverage is the only way to financial independent. just go big or go home.

fauzan Ichsan

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

Quote from: Distinctin on June 19, 2024, 04:44:58 PM

Quote from: DeathAngel on June 04, 2024, 07:18:57 AM

The great Warren Buffett said, “If you don't find a way to make money while you sleep, you will work until you die.”

He’s mostly right isn’t it. Try to create a passive income if possible.

Precisely. However, not everyone is capable to make an income while sleeping, that's why a lot struggle in dealing and managing their finances not to end up shortage. But in all honesty, it's never the worth of the investment that becomes a problem, but most likely on the type of mindset that we continue to adapt even if we know already that it's not getting us the best advantage.

To get passive income, you really need a mindset and intelligence in reading situations, so that what we do can be maximized. For lower class people, for example, they live and socialize at their own level, and of course this hinders their mindset from moving forward, because they don't have big thoughts about moving forward. Of course, this must start from ourselves, so that we have the intention to change our fate

STT

legendary

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Nothing Buffet does is for 1 year, years dont count in a business cycle its at least 6 years to really count up the sum total of a business prospect. He doesnt think like the rest of us, he is considering the entire picture for that company going over a generation is how I'd estimate Buffet considers profit margin expansion, the exclusivity in their market vs competition and all kinds of reasons why its hard to make profit last.

Anyone can have a good idea but the problem is we live in a world of mass production, some one notices your good idea buys the product and will copy it. Now you are being undercut and what is stop them doing it to you even when you are best. He wants the brand loyalty and customers who come back no matter. Buffet doesnt value crypto because its not exclusive as a product in his take of this market, he owns the banks and loves their margins on customer fees etc.

uswa56

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Quote from: Distinctin on June 19, 2024, 04:44:58 PM

Quote from: DeathAngel on June 04, 2024, 07:18:57 AM

The great Warren Buffett said, “If you don't find a way to make money while you sleep, you will work until you die.”

He’s mostly right isn’t it. Try to create a passive income if possible.

Precisely. However, not everyone is capable to make an income while sleeping, that's why a lot struggle in dealing and managing their finances not to end up shortage. But in all honesty, it's never the worth of the investment that becomes a problem, but most likely on the type of mindset that we continue to adapt even if we know already that it's not getting us the best advantage.

Indeed, not everyone can earn income while sleeping and to be able to earn this income, we must first prepare a business that can run well and also that we have trusted people who can run the business that we have built and we will be able to earn money. income without having to do work because you have prepared a business well.

Financial management is of course very important for everyone to be able to use the income they have well because without them managing their income well, it will of course be very difficult for them to meet their needs, so it is important for us to be able to manage our finances well so that the income is sufficient. we have can be put to good use.

When we know that what we invest in does not give us good profits, I think there is something wrong we did with that investment and it would be better if we could relearn and if we find a mistake we should be able to fix it and if we can't fix it, it would be better for us try to look for investment ideas that can give us good profits.

WillyAp

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Looking for guilt best look first into a mirror

Warren Buffett took his chances and won.
Could he repeat it in 2024, being young and with his partner (s)?
I have my doubts.

Distinctin

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No dream is too big and no dreamer is too small

Quote from: DeathAngel on June 04, 2024, 07:18:57 AM

The great Warren Buffett said, “If you don't find a way to make money while you sleep, you will work until you die.”

He’s mostly right isn’t it. Try to create a passive income if possible.

Precisely. However, not everyone is capable to make an income while sleeping, that's why a lot struggle in dealing and managing their finances not to end up shortage. But in all honesty, it's never the worth of the investment that becomes a problem, but most likely on the type of mindset that we continue to adapt even if we know already that it's not getting us the best advantage.

Natalim

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BTC to the MOON in 2019

Quote from: dothebeats on June 19, 2024, 03:48:50 PM

Well, I can attest to this. I don't know shit about investing in anything when bitcoin came out, and it's the first thing I placed my money on as an investment. For someone who was earning minimum wage for the longest time, shelling out some percentage of that towards something that has a high possibility of not giving back anything is a huge risk. Good thing the gamble worked, and whenever I have the extra money, I buy bitcoin and keep it as is.

It allowed me to aim for the job that I really want since I was able to improve my skills full time and get my bills paid for by my bitcoin profits. In just a few years, I was able to earn an amount that will enable me to stop working if I want to and be able to live comfortably for the next decade (also partly thanks to the low cost of living here). I'm still looking for other potential passive income strategies around but so far, bitcoin outperformed everything that I'm eyeing currently.

More than a real 8 hour day job, it's still best to have a passive source of income that will make money for you even without your full attention. And I think that's what bitcoin hodling for long term is what capable for, providing you some significant profits just by simply keeping them in your wallet without bothering them to sell. It works for me and it works for others as well. The reason why having a passive income should also be a priority more than having an active source of income.

dothebeats

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Cashback 15%

Well, I can attest to this. I don't know shit about investing in anything when bitcoin came out, and it's the first thing I placed my money on as an investment. For someone who was earning minimum wage for the longest time, shelling out some percentage of that towards something that has a high possibility of not giving back anything is a huge risk. Good thing the gamble worked, and whenever I have the extra money, I buy bitcoin and keep it as is.

It allowed me to aim for the job that I really want since I was able to improve my skills full time and get my bills paid for by my bitcoin profits. In just a few years, I was able to earn an amount that will enable me to stop working if I want to and be able to live comfortably for the next decade (also partly thanks to the low cost of living here). I'm still looking for other potential passive income strategies around but so far, bitcoin outperformed everything that I'm eyeing currently.

slapper

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Leading Crypto Sports Betting & Casino Platform

Quote from: stomachgrowls on June 18, 2024, 12:25:42 PM

Quote from: wiss19 on June 18, 2024, 11:16:23 AM

Quote from: Fullbear2222 on June 04, 2024, 08:51:14 AM

Quote from: DeathAngel on June 04, 2024, 07:18:57 AM

The great Warren Buffett said, “If you don't find a way to make money while you sleep, you will work until you die.”

He’s mostly right isn’t it. Try to create a passive income if possible.

I think banks might start offering crypto staking for customers because they see that's what customers want off course secured staking that goverment will secure staking.

Would people interested in cryptocurrencies be interested in such offers from banks? Considering the fact that people who mostly get into cryptocurrencies like to stay anonymous and keep their finances private, so I don't think they will show much interest if such a thing is offered by the banks because one would rather use a decentralized application to stake their money where there won't be any third-party involved instead of giving access to their finances to the banks.

Besides, I don't think staking can be considered a passive income stream in the long run, especially if you are staking cryptocurrencies that aren't stable because their value can go up and down and if a coin you are staking loses value, you will lose money since you would have your assets stuck.

Even lets say that staking is much better but we do know that you arent that totally holding those coins but rather with those validators on which simply means that if shit things happen then it could really be still possibly be facing up some issues but this is really that unlikely to happen. Usually the main concern on here is about the APY and would the potential earning that you could get in the end of said duration or period.
Yes, this could really be that making some passive income but come to think that amounts wont really be that something can be felt not unless you would be putting up that significant amount too.
It would really be having its cons and pros too on which it would really be that up to you whether you could really be able to bare it up or not.

When it comes to passive income then the only thing that comes up into my mind is to have those usual or traditional properties on which you would really be having some rental.
Or into those other typical physical business that we do know. The only issue on here is that this one involves tons of money or capital and this is why
only a few could really be able to touch on it.

It goes beyond the money here. Believing in this random blockchain project, this is really a huge trust exercise. Your money’s not even real money, it’s just numbers bouncing around the digital ether. Yet, we’re all in, chasing that sweet, sweet passive income

How f*cking passive is passive income? You worry over the most recent dip and constantly review charts. So, what’s the bigger picture here? Are we here to stack crypto as though it were digital toilet paper? From education to healthcare, this technology will transform everything. Imagine a time when your cryptocurrency is improving the planet rather than only making you richer. That is the future I am staking on

Therefore, the next time you find yourself staring at your crypto portfolio, wonder: Is this it? Or can I do more? Can my crypto do more?

Jegileman

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Activity: 434

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Quote from: trendcoin on June 05, 2024, 06:42:44 PM

Passive income is a vital milestone in achieving financial independence. Earning passive income is synonymous with attaining financial security...

Investing in stocks and major cryptocurrencies may seem promising, but I firmly believe that traditional methods yield greater success. Acquiring rental properties or shops for generating passive income is a more secure path towards financial independence in my opinion...

Your point is clear enough but I still don’t think the traditional method of earning passive income through the process you’ve mentioned can be fully dependent on. The crisis in the economy sector in many parts of the world will even make you to stop keeping money in assets like that. You’ll sometimes prefer to keep it in something that has potential to grow, that you know won’t make you completely hopeless but can revive your hope again to make it better and hopeful. There are some assets than when you keep them and got stained with government regulations, you’ll prefer selling it than having it. The risk in crypto is actually high but it’s very beneficial when you learn well and sacrifice only what you can afford to lose. That’s when you don’t get discouraged and keep moving higher.

Cookdata

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Not Your Keys, Not Your Bitcoin

Quote from: Waldorf77 on June 03, 2024, 05:56:41 AM

Money in your wallet don't bring more money so you spend it and it's gone.
So If you try to look for good Investment opportunities early like was doge or shiba even with 2$ wich is nothing to risk you do right thing.
3 golden ways are:staking, Investing and DCA.
If you keep those things going on then it's impossible that you don't earn money when you sleeping.
For staking i have different wallets and on exchangers and different coins
No matter how little you earn by doing nothing but if you can earn it you make more money from money.
My number one thing now is crypto staking on many different exchangers and self custody wallets stablecoins and altcoins.

What do you mean money on wallet doesn't brings money? Your explanation is wrong about that. People that bought Bitcoin back in 2019 that has never touch there Bitcoin are sleeping since then and have not sold and there value is increasing everyday and not like their money has been domant. If you mean fiat money, then you are very correct about your theory but your explanation is centered on crypto.

You are assuming that people bought Doge and shib for $2 would have made some money but you, did you buy at when they were low? This coins were meme for crying out loud until a billionaire played with the market because he knew the SEC wouldn't do anything to him since they are meme coins and it had one of the insane liquidity even serious projects never had and you are using that as a motivational approach for investment, you need to analyze again.

Kriptogram14

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Quote from: MissNonFall9 on June 17, 2024, 10:37:31 PM

True and beautiful perception. In fact when we see other people's success or happy lives it can seem very simple and natural. But the real context is actually different and one has to go through a lot of hard work and adverse environment to reach the present situation.
Just like the matter of making money while sleeping. It must have required a long wait and sacrifice. If someone thinks of earning money while sleeping then it will be a big shock to overcome that situation.

Yes, that's right bro, to reach that point we have to go through many obstacles, challenges and very high flying hours, it's not easy for us to reach that point, because the highest achievement is when we sleep but we make money, that's one of everyone's dreams. , but not everyone can achieve that, when we have a lot of capital then we have to invest a lot and we have to create a business where the business can generate daily and monthly profits for us, we have to work hard without thinking about any obstacles because we have to need a process which is long and obstacles that are not easy for us to accept, even though there is no guarantee that we can reach that point.

stomachgrowls

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Quote from: wiss19 on June 18, 2024, 11:16:23 AM

Quote from: Fullbear2222 on June 04, 2024, 08:51:14 AM

Quote from: DeathAngel on June 04, 2024, 07:18:57 AM

The great Warren Buffett said, “If you don't find a way to make money while you sleep, you will work until you die.”

He’s mostly right isn’t it. Try to create a passive income if possible.

I think banks might start offering crypto staking for customers because they see that's what customers want off course secured staking that goverment will secure staking.

Would people interested in cryptocurrencies be interested in such offers from banks? Considering the fact that people who mostly get into cryptocurrencies like to stay anonymous and keep their finances private, so I don't think they will show much interest if such a thing is offered by the banks because one would rather use a decentralized application to stake their money where there won't be any third-party involved instead of giving access to their finances to the banks.

Besides, I don't think staking can be considered a passive income stream in the long run, especially if you are staking cryptocurrencies that aren't stable because their value can go up and down and if a coin you are staking loses value, you will lose money since you would have your assets stuck.

Even lets say that staking is much better but we do know that you arent that totally holding those coins but rather with those validators on which simply means that if shit things happen then it could really be still possibly be facing up some issues but this is really that unlikely to happen. Usually the main concern on here is about the APY and would the potential earning that you could get in the end of said duration or period.
Yes, this could really be that making some passive income but come to think that amounts wont really be that something can be felt not unless you would be putting up that significant amount too.
It would really be having its cons and pros too on which it would really be that up to you whether you could really be able to bare it up or not.

When it comes to passive income then the only thing that comes up into my mind is to have those usual or traditional properties on which you would really be having some rental.
Or into those other typical physical business that we do know. The only issue on here is that this one involves tons of money or capital and this is why
only a few could really be able to touch on it.

wiss19

sr. member

Activity: 2296

Merit: 348

Quote from: Fullbear2222 on June 04, 2024, 08:51:14 AM

Quote from: DeathAngel on June 04, 2024, 07:18:57 AM

The great Warren Buffett said, “If you don't find a way to make money while you sleep, you will work until you die.”

He’s mostly right isn’t it. Try to create a passive income if possible.

I think banks might start offering crypto staking for customers because they see that's what customers want off course secured staking that goverment will secure staking.

Would people interested in cryptocurrencies be interested in such offers from banks? Considering the fact that people who mostly get into cryptocurrencies like to stay anonymous and keep their finances private, so I don't think they will show much interest if such a thing is offered by the banks because one would rather use a decentralized application to stake their money where there won't be any third-party involved instead of giving access to their finances to the banks.

Besides, I don't think staking can be considered a passive income stream in the long run, especially if you are staking cryptocurrencies that aren't stable because their value can go up and down and if a coin you are staking loses value, you will lose money since you would have your assets stuck.

Fredomago

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Leading Crypto Sports Betting & Casino Platform

Quote from: hafiztalha on June 17, 2024, 10:59:04 AM

Quote from: AnonBitCoiner on June 16, 2024, 12:57:39 AM

Quote from: wxxyrqa on June 14, 2024, 07:03:15 AM

In any case, in order to sleep and earn money, you need to have a certain capital, or take care of a project or business that will generate profit without your intervention. In my opinion, the most suitable option is staking, but for this you need to first buy a sufficient amount of cryptocurrency, so that the profit is in the required amount.

Investment is the only way which can give you profit when you are sleeping because it increases in worth during favourable circumstances but the value of profit will depend on the amount you are using for investment.

If you are using money then your money will be increasing in value but it is not possible that without using money and working hard you will sleep and will become wealthy in just one night. In some cases you will just use your knowledge and money like investment in crypto and then leave it for appropriate timing then you will see that your invested amount has been increased if your coins remain profitable.

In life , Investment is most important part and everyone should learn how to invest the money . But many people invests due to his friend or his brother opinion. I think, man should research on the assets on which he should invest his money . Otherwise,his money will be waste and he will lose his investment, the formula is also applied for cryptocurrency because you invest your money with great knowledge and you invested 2 to 5 percent of your wealth,you will be successful in future. Always see the opportunities in the market and invest in it ,then you will get more profit and your portfolio will be high. The rule is also applied on stocks investment,bond investment and property investment. There should be great knowledge,if you want to invest in share market ,you can lose your all money if you invested on bad company. So always do research and then investment,then there are low chances of lose .

DYOR and keep improving your skills and knowledge about the investment that you will going to push thru, there are many opporunities around and with the right sets of knowledge you'll be able to manifest, I agree that once you already facilatate your skills in sorting out and finding the right information with what to support and where to invest then it will allow you to earn while sleeping, it's more on good practices and proper research to avoid losing your money and allowing your wealth to make extra and make it as compound to sustain your needs.

MissNonFall9

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Juse14 on June 16, 2024, 03:39:13 PM

Being able to make money while you sleep is certainly not something that is easy to achieve. It requires high dedication, hard work and quite a long time. Because it is impossible if we can get this in a fairly short time, unless you were born into a very rich family. You just need to learn about investing and you will be able to make money while you sleep.

However, if you were born from a less fortunate family, then you have to work hard to get capital so you can start an investment. And you even have to forget your youth, spend those years making as much money as possible, so that you can relax in your old age. When you are young you spend the time you have to make as much money as possible, while in your old age it is the money that will work for you and generate profits through the investments you make.

True and beautiful perception. In fact when we see other people's success or happy lives it can seem very simple and natural. But the real context is actually different and one has to go through a lot of hard work and adverse environment to reach the present situation.
Just like the matter of making money while sleeping. It must have required a long wait and sacrifice. If someone thinks of earning money while sleeping then it will be a big shock to overcome that situation.

hafiztalha

sr. member

Activity: 616

Merit: 384

Quote from: AnonBitCoiner on June 16, 2024, 12:57:39 AM

Quote from: wxxyrqa on June 14, 2024, 07:03:15 AM

In any case, in order to sleep and earn money, you need to have a certain capital, or take care of a project or business that will generate profit without your intervention. In my opinion, the most suitable option is staking, but for this you need to first buy a sufficient amount of cryptocurrency, so that the profit is in the required amount.

Investment is the only way which can give you profit when you are sleeping because it increases in worth during favourable circumstances but the value of profit will depend on the amount you are using for investment.

If you are using money then your money will be increasing in value but it is not possible that without using money and working hard you will sleep and will become wealthy in just one night. In some cases you will just use your knowledge and money like investment in crypto and then leave it for appropriate timing then you will see that your invested amount has been increased if your coins remain profitable.

In life , Investment is most important part and everyone should learn how to invest the money . But many people invests due to his friend or his brother opinion. I think, man should research on the assets on which he should invest his money . Otherwise,his money will be waste and he will lose his investment, the formula is also applied for cryptocurrency because you invest your money with great knowledge and you invested 2 to 5 percent of your wealth,you will be successful in future. Always see the opportunities in the market and invest in it ,then you will get more profit and your portfolio will be high. The rule is also applied on stocks investment,bond investment and property investment. There should be great knowledge,if you want to invest in share market ,you can lose your all money if you invested on bad company. So always do research and then investment,then there are low chances of lose .

STT

legendary

Activity: 4088

Merit: 1452

The one argument Buffet comes up with for being anti crypto is the productive capacity in it. He sites land or rental accommodation and arable land as being superior for the very basic idea they both have a productive yield. The main criticism he has for BTC is it lacks a natural utility, it requires circulation and the demand he labels as greater fool. Hence Buffet often is quoted as hating BTC.

I dont buy the whole argument against BTC because Buffet holds gigantic amounts of government debt which has massive flaws in its make up. Much as we might hate to admit because it would be a disaster but paper value can turn to zero, government is not known for its natural productivity and certainly the paper can fall apart. So I really cant sign up to his idea but thats the basic take, also similar reasoning to why Buffet rejects silver and gold as valid but he has traded both for sure.

Juse14

sr. member

Activity: 1106

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Duelbits

Being able to make money while you sleep is certainly not something that is easy to achieve. It requires high dedication, hard work and quite a long time. Because it is impossible if we can get this in a fairly short time, unless you were born into a very rich family. You just need to learn about investing and you will be able to make money while you sleep.

However, if you were born from a less fortunate family, then you have to work hard to get capital so you can start an investment. And you even have to forget your youth, spend those years making as much money as possible, so that you can relax in your old age. When you are young you spend the time you have to make as much money as possible, while in your old age it is the money that will work for you and generate profits through the investments you make.

Topic: True wealth comes from income when you sleeping but earning - page 6. (Read 1852 times)