Quote from: dezoel on October 02, 2024, 09:26:49 PM

Dreams of getting rich is a lot more common for people who think about the future. I personally think about a world where I have like for example 3 million dollars. I know 3 million dollars isn't an insane amount of money in most nations, but still a good chunk of money anywhere in the world, even in USA most places three million would be lovely, but where I live I would never have to worry about money again and would live very rich life forever. In my dreams, in my imagination, what do you think I do with three million dollars?

You think I buy a yacth and a mansion or something? Of course not, I still live at the same house I am living right now, or even if I get something bigger, I would not spend more than half a million dollars on a house (plus selling my current house of course) so I would probably still have 2-2.5 million dollars at least.

What I do is try to protect myself from ever getting poor, and this is because we always get ready for financial collapse. Meaning that this topic is true even when we imagine about being rich, if I ever get rich, with any reason, like could be lottery too, doesn't mean I am going to end up spending it all, I will protect myself from any crash.

The thing is: Will $3m be enough to live a happy life? Especially when inflation keeps soaring like crazy. If you save the money for the long term, your purchasing power will diminish. In times when the economy is collapsing, you should invest your money as much possible. I'm talking about investing in high demand and scarce assets such as Gold, Bitcoin, and real estate.

With each financial collapse, comes a slow and steady recovery process. At least, that's what history has shown us. You should take this opportunity to build your empire. Not waste your money living a luxurious life. $3m invested today, could turn into $5m - $10m in the future. Only smart people are able understand this. Otherwise, have fun staying poor. Cheesy