Quote from: Dailyscript on May 16, 2024, 05:29:16 PM

Quote from: CryptoHeadlineNews on May 12, 2024, 11:03:25 PM

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It is indeed a smart move to invest on people who rely on you. A man who is wise should always understand this that everyone that comes around you or benefits from you should one way or the other contributing something important into your life. It shouldn't be a criteria but you can make them be useful to you without them noticing. If we do not want to invest in them we can possibly give them a task to do which might have take more time from us if we do them. Time is money and the more time we have the more money we can make.

One simple step to do this is to teach them how to make some money or set up a business that they would be managing for you so that they are not only dependent on you but they are working for you and your paying them which is fair enough.

Becoming a financier for other people's businesses with a profit sharing system is basically quite popular with people. I've considered this before, but definitely have to be very careful when making a decision. I once wanted to invest my money in a jewelry shop with profit sharing at the end of the year, but that never happened after I analyzed the possibilities and risks involved.

Instead of being an investor with profit sharing, I tend to maximize my money by investing in businesses and assets in my own name. I focus on investing in bitcoin and several other crypto assets, this gives me more returns than being an investor in other people's businesses. But of course it's good if we have both at the same time, that means you will have more sources of income.