Quote from: Flexystar on June 26, 2023, 05:37:08 PM

Quote from: Altryist on June 22, 2023, 09:46:48 AM

Quote from: Nwada001 on June 20, 2023, 11:28:04 PM

It all depends on how you spend it; if you spend more on the right things, you will definitely get a higher return. But if you spend more on the wrong things, what you will get at the end of the day is a huge amount wasted.

Huge amounts of money invested properly in a good business, let's say, for instance, you have a huge amount of money that you want to invest in the stock market or in crypto. Let's take Bitcoin for instance. If I happened to have invested $100 a few days ago when Bitcoin was still at $24,500 and today the price moved to $27,900, that would have given me a profit of $14. But if it was $1000 in which I invested, the profit would not have been $14 but $114, which is simply the spending more and earning more principle.

This also happens in some cases where you could invest more, but at the same time, because of the wrong investment plan, one could possibly lose the entire invested amount.

And if you bought bitcoin for 1000 dollars a few days ago, and the price went not up, but down, then you would not have earned but lost a hundred dollars. The purchase of highly volatile assets has an outcome too unpredictable to be given as an example. Investing in a business can be profitable because you can anticipate costs and expected profits, although this will not guarantee you the expected result, but it will be able to bring you the expected profit.

The business opportunity shall be taken when we get more money. That is called as proper spending of money. If we are getting money and spending it on the unwanted stuff for example overdoing the expenses related to dead investments. These could be anything from car, bikes, extra house, games, or anything that’s just going to be damaged or won’t give back money. That kind of investment shall be avoided when we are getting more money. It’s always ideal to invest in real estate rather than putting money on crypto currencies. When it comes to crypto one should only put money which you can afford to lose. That’s how one should manage the funds when they are in excess.

That is why before investing it is important to have knowledge and skills in managing finances,
besides that these skills can also be used in life,
when investing in real estate, of course, the risk is smaller because the price movements are much more stable than in crypto.