Wealth method in this world - page 2.

ancafe

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

You don't need be genius for this
Buy the asset and wait for fed to pump
They always say they don't pump and print money but if they tell honestly then too many people Will buy assets early markets don't work like that everybody can't be early
Don't belive Powell talk too much he Will pump Because he invest Also and his friends they don't know how else they can survive they never done anything else then just investing and wait for lower rates.
So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

Genius or cleverness does not guarantee that someone will become rich, but having lots of ideas, being innovative and being brave enough to take risks will give you the opportunity to achieve the wealth you desire, regardless of the capital needed to support that wealth. If you want to achieve financial success, you don't need to depend on other people because what you need to do is make people feel confident in using the services we provide. Now investment is very wide open in the world of crypto and Bitcoin in particular, all we need to do is find out with knowledge which coins are worth investing in, after that we know them well and then come to a conclusion on how to achieve success in investing.

Inflation is quite a frightening specter because it can affect the stability of the country and individuals. It is important to have standards to get out of inflation and how to do this long before inflation comes. Resolving financial problems must be seen long before the problem arises because it is difficult to overcome if inflation occurs, we only want to resolve it but we have to have methods and we also need much more thorough preparation.

passwordnow

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

They always say they don't pump and print money but if they tell honestly then too many people Will buy assets early markets don't work like that everybody can't be early

They said that? I have never heard them deny that they keep on printing new money. It even became a meme to the most Americans and to the world. Cheesy

Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

We're no longer in the covid19 height and this pandemic has dropped a lot and we're living with the virus in the entire days of our lives. And that's why if it's about free money, and waiting for them to give that relief to everyone, it's not a bad idea but don't be like that. It's best to rely on yourself, talent and skill and make money out of it. I know that you didn't say to be a beggar forever but that's why many becomes lazy because of these relief funds that they're distributing. They rely on it and wait for the next window of the release. Don't be like that, work your ass off and hard work always pays off as it is what you're doing to bring food to the table. And as well as be diligent in spending it, invest some, buy bitcoin and HODL.

justdimin

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Quote from: mu_enrico on July 23, 2024, 08:47:09 AM

Sure, you don't need to be a genius to be wealthy, but if you talk about investing, which is one of many ways to become rich, you need to have considerable capital in the first place. And since there is no free lunch (or free money), you must either borrow which is subject to the cost of capital (cost of debt to be precise), or via your lifetime savings. The pumping game isn't the problem for most people, but the capital is the problem.

Capital is a problem if you only end up with trying to get rich quick, if you are fine with a "pension" style, as in you work for about 40 years in your life, and then retire with what you invest, then it's fine. How is that fine? Well let's calculate, if you invest into bitcoin at age 20 first, and you invest just 100 dollars per month, for 40 years, do you know how much that is? Just a mere 48k, that's right, you invest only just 48k, nothing more, not a huge amount to do in 40 years, definitely doable almost in any nation in the world, could be easy.

But if you make 10% a year, just a 10%, do you know how much it is at the end of 40 years? It is 584k dollars, that's right, over half a million dollars. That is good enough to retire for many people, plus your interest after that would be big enough to live off, and not need to touch your capital at all. You could make it bigger, like let's say you invest into bitcoin, we know the yearly return will be bigger than 10%, even if you calculate bear years, the bull years make it so much higher than 25% a year on average isn't that unheard of, imagine that? Suddenly it's 95 million... Meaning that if you do it for 40 years, eventually you will do fine.

Stepstowealth

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

You don't need be genius for this
Buy the asset and wait for fed to pump

People are barely struggling to eat, so even if there is the idea to buy an asset, there is never the funding to back it up.

Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

It can sound simple from the way you put it like you have figured out a way to wealth, a sure step to wealth, but it is harder in reality, and investment do not always yield profits. I do not think there is anything free from the government.

lizarder

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

How can this happen and what's the benefit of them giving us free money, I don't think someone will give money willingly to anyone and we don't live in a fairy tale world. One thing I've learned in this world, that the method of wealth that we can get is through money and if you don't have money then don't even dream of getting rich. Luckily now bitcoin is available as an investment option that can be done and regarding capital can be adjusted to one's ability to get involved in it.

If our finances are small then there is a DCA strategy that can be utilized so that when it is consistent it will slowly continue to grow. As long as there is a desire and can be run consistently then investing in bitcoin can give us financial freedom and perhaps in the previous investment system almost no one could provide such a thing.

Natalim

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Quote from: davis196 on July 23, 2024, 05:32:01 AM

Quote

So invest and wait for fed they give you money it's free money literally

The banks giving away money for free? Really? Grin

I thought that the loans should be paid back and there's an interest rate that should be paid as well.
I'm not an American citizen, so the Federal Reserve(or any commercial bank in the USA) can't give me anything. I assume that I will have to open a US bank account, which isn't that easy for people living outside the USA, that don't have US citizenship.
You are about the "wealth method". Just get loans and buy assets, which don't lose value in the long term. This is pretty simple and straight forward way to become rich.

There’s no way the central bank of US are giving away free money, because if that’s the case, people won’t never resort into bitcoin but stick to fiat no matter what. However, talking about wealth method, there’s no shortcuts to success but you need to sacrifice first like saving up or even taking some loans that have bigger interest, and invest long term on assets that are capable to produce higher returns. You need to set a goal and stick to it, otherwise your investment will not grow and prosper, and end up seeing your capital go into waste.

Jating

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

You don't need be genius for this
Buy the asset and wait for fed to pump
They always say they don't pump and print money but if they tell honestly then too many people Will buy assets early markets don't work like that everybody can't be early
Don't belive Powell talk too much he Will pump Because he invest Also and his friends they don't know how else they can survive they never done anything else then just investing and wait for lower rates.
So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

Lol, it's not that easy as you put it, and what does the feed has to do with it. Regardless, if you really wanted to grow your money, then yes it's better to invest when you are still very young. Stocks in those early years and now that we have crypto, specifically Bitcoin, then that where everyone should put their money or at least diversify your portfolio and mix it up with crypto and stocks.

And in the end if the Fed prints more money, devaluing everything, at least you have put your money in investment and it can protect from inflation. But first things first, you need that money in your pocket to invest. So it's better to start to look for a good job and then later when everyone is going at party and throwing their money, you are secretly and slowly investing your hard earn money.

Faisal2202

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

You don't need be genius for this
Buy the asset and wait for fed to pump
They always say they don't pump and print money but if they tell honestly then too many people Will buy assets early markets don't work like that everybody can't be early
Don't belive Powell talk too much he Will pump Because he invest Also and his friends they don't know how else they can survive they never done anything else then just investing and wait for lower rates.
So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

Which fiat do you specifically prefer to hold for the long term, if it's the US dollar then some people might not agree with this because stable currencies are not good for long-term holdings. But BTC is the best form to keep your funds in for a longer period of time. If power talks about too much or someone else then don't just follow others and it's not because they are also filling their own pockets and making money but because you are smart don't have to be a genius like Murphy the Good Doctor, but must have some common sense of things to make good decisions and to take early action when needed.

Don't live with regrets of investments you made move on and find more investment opportunities and don't forget to diversify your investment.

Dunamisx

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Getting wealth is not what need to be just said by ordinary words of mouth, we need to work out some actions and put some things in place with some additional efforts over time in making wealth a reality, we cant get rich overnight, but it requires time and consistent efforts for us to get to where we are aiming to reach in life, there must be a service or something valuable that will be the reason or source behind the wealth creation of individuals.

uneng

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

Don't belive Powell talk too much he Will pump Because he invest Also and his friends they don't know how else they can survive they never done anything else then just investing and wait for lower rates.

The game is all about it. You have to predict where the sharks and whales are putting their money, so you put yours there as well. They profit, and you profit too, because you followed their steps. That is how it also works in crypto market. You don't need to be the devil or to sell your soul to the devil (becoming his friend) to have access to profitable financial opportunities. You just have to be an awaken individual, who have a good notion of the global tendencies and how the big players are playing the game. Don't be greedy, though. Remain humble and grateful for every little progress you are able to do on your own.

Die_empty

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

You don't need be genius for this
Buy the asset and wait for fed to pump
They always say they don't pump and print money but if they tell honestly then too many people Will buy assets early markets don't work like that everybody can't be early
Don't belive Powell talk too much he Will pump Because he invest Also and his friends they don't know how else they can survive they never done anything else then just investing and wait for lower rates.
So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

Investing in Fed-issued assets like treasuries and mortgage-backed securities cannot automatically make one wealthy. These kind of investment have low risk and less profit. Investing in government backed assets is just a waste of time because inflation will make the interest worthless. A lower interest rate will only encourage or improve business activities and investment, I don't see how it gives free money.

Quote from: ?? on ??

wealth method should not be about hoping for free handouts or fed cancelling loans. wealth building should be about people taking responsibility for their income and outgoings and plan their life
dont spend frivolously and then hope for a bail out.

In most cases, free money is mismanaged. Creating wealth requires sacrifice which includes hard work and self-control. Most people who inherited wealth wasted them because they lacked the basic skills to sustain wealth. The reason why many people are not wealthy is because they spend above their income.

mu_enrico

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Sure, you don't need to be a genius to be wealthy, but if you talk about investing, which is one of many ways to become rich, you need to have considerable capital in the first place. And since there is no free lunch (or free money), you must either borrow which is subject to the cost of capital (cost of debt to be precise), or via your lifetime savings. The pumping game isn't the problem for most people, but the capital is the problem.

peter0425

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

You don't need be genius for this
Buy the asset and wait for fed to pump

Sorry for the confusion but what asset are you talking about specifically? One can’t just invest on an asset someone tells him to invest in. Assets carry different benefits and risks that might not be so applicable to everyone.

Quote

So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

I don’t think that’s true. It’s difficult to predict economic conditions that may trigger the fed to implement some policies which could then affect the value of many assets. Saying it’s “free money” is not true because just like any investment, you are gonna have to manage it and make sure you don’t draw the shorter end of the stick when it comes to specific economic events.

Moreno233

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

You don't need be genius for this
Buy the asset and wait for fed to pump
They always say they don't pump and print money but if they tell honestly then too many people Will buy assets early markets don't work like that everybody can't be early
Don't belive Powell talk too much he Will pump Because he invest Also and his friends they don't know how else they can survive they never done anything else then just investing and wait for lower rates.
So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

It is not as easy as you make it look. If you have this mindset, you will buy an asset that will depreciate and harm your finances. I have seen countless number of times that Powell speech lead to a major dump in price of some asset classes so it is not every time fed pumps. The right approach to investing is to study what asset class have the potential to yield good returns and what are the economic indices that support such expectations. Remember that investment have time that it is suitable. For instance, there was a time real estate was a good investment and there were times it was not that profitable. It is all about understanding what you are doing before making investment decision to avoid unbearable losses.

Apocollapse

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How can people buy the asset when they live from paycheck to paycheck? moreover what about people who're in debt and have a job that can't afford to pay their monthly bills?

Most people already invest their money, it just that they're get scammed or invest in asset that the return can't beat the inflation.

Also don't forget if you not invest a lot of money, even the asset rise 100x from the amount you invested, you will not be rich.

To get rich you need so many privileges, the most important privilege is having parents who raise you very well since you baby, unfortunately not many people were raised well.

davis196

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Quote

So invest and wait for fed they give you money it's free money literally

The banks giving away money for free? Really? Grin

I thought that the loans should be paid back and there's an interest rate that should be paid as well.
I'm not an American citizen, so the Federal Reserve(or any commercial bank in the USA) can't give me anything. I assume that I will have to open a US bank account, which isn't that easy for people living outside the USA, that don't have US citizenship.
You are about the "wealth method". Just get loans and buy assets, which don't lose value in the long term. This is pretty simple and straight forward way to become rich.

Mrbuck

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You don't need be genius for this
Buy the asset and wait for fed to pump
They always say they don't pump and print money but if they tell honestly then too many people Will buy assets early markets don't work like that everybody can't be early
Don't belive Powell talk too much he Will pump Because he invest Also and his friends they don't know how else they can survive they never done anything else then just investing and wait for lower rates.
So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

Topic: Wealth method in this world - page 2. (Read 392 times)