Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
laijsica
on 07/11/2024, 06:00:26 UTC
Poor people are going to have fun being poor if they cannot figure out ways to live within their means, even when they are making it and even while they are moving up the financial scale to be ongoingly improving their standard of living.  I doubt that anyone can move from poor to not poor to well to do and then to rich if they are not ongoingly exercising good habits at each stage and/or step up that they are doing... So there likely is ongoing value to make sure that we have our money working for us in ways in which we are mostly spending from our passive income from that money and not from the principle, and if the passive income from the money is not enough, then we have to cut back on our expenses so that we are living within our means rather than depleting principle

That's true, one thing again is that most time getting rich isn't the problem, is having a good habit that will help one to stay rich. That's why sometimes you can hear that a man was once wealthy , but due to some poor management habit he got himself reckt. So is all about having a principle, with a good principle you will be able to balance your finance and same time your bitcoin investment.

Due to such (having the wrong habit or principle) that's why most people always remain poor sometimes or even get poorer.
You can see this as a bad example and it happens to everyone if people are not aware of their risks because of bad policies despite having inherited wealth. If you can take an example from Bitcoin investing due to its strict policy of poor people owning a lot of assets you will easily realize how much the DCA method can change your portfolio even with low risk. By investing in Bitcoin growth over time and actively investing for the long term.

The need for good practice to get rich and you should keep yourself exposed by acting accordingly and you should not let your future be ruined by allowing yourself to live with idle money. By adopting active financial management and managing investments accordingly, you can maintain liquidity.