Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Samlucky O
on 27/08/2023, 10:31:49 UTC
⭐ Merited by JayJuanGee (1)
[edited out]
I think that I have told a variation of the story that when I first left home  and I was 17/18 years old, and I had a pretty limited cashflow, but I learned right from the start to always attempt to put away at least 10%, and I was not always very good in terms of where I put the 10% (or the amount as it added up) but over the years, it did continue to build and build and build, even though I made several mistakes along the way, and there were times when my income increased quite a bit, so I was already used to living on a tight budget, and so when my income went up, I was frequently putting aside much higher levels, like 25% to 40%.. but I had many many years of ONLY doing 10% and it still added up... just did not have any bitcoin like investments.. .and maybe I was too dumb to identify the bitcoin-like investments and I tried to stick with safer investments, and maybe I would not have had been ready for bitcoin until after more than 20 years of already investing and having had built up my investments based on mediocre performance.
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That's pretty cool. Where you find yourself today is as a result of the choice you made by keeping %10 of your savings which gradually catapulted to %20-40 . There is a saying that don't dispise your little begining. "Rome was not built a day" what ever mistake you think you've made is never a mistake. to me it was a self decisive measure to train yourself against the future. There is a book title the richest man in babilon.  it says "any money you save is a slave..." so therefore there is power in savings. There are many people in this forum but I see you as a role model. I've gone through your posts and have learnt a lot from it I believe with you I will know more.