For The Love Of Money
What is riskier than Investment? Not investing in One.
That is it. Message delivered and post done for the day. I can go home and sleep well.
But I think I still have to deal with a small thing call word count. So strap in for a small story. It is not much of a story but an anecdote. I am not even sure if this qualifies as an anecdote. See that my strategy to achieve the goal of 500words.
Hello Everyone,
Before I start I usually ask the reader how they are doing. (Although no one has ever replied to it. But I think that's the norm) So how are you doing? Assuming that you are doing I am moving on.
Well, I think I already wrote something about being in credit card mess and loans and how it was like a termite to my financial foundations. (Too lazy to go back and search the original post) But that's the story of 2017 and it has been 5years since then, and I enjoyed a good stable life. But good stable life is not the same as a stable financial life. It took me a while to realize that Investment is a must. And savings as good as it may sound is the second, maybe third good choice.
To cut the long story short it goes like this. You Save money, some stupid crap happens in life and the savings go down the drain. Now the stupid crap can be anything but that the usual trend and this happens with everyone. So the best way to get out of this mess is to invest. Now invest in what that's a topic for some other day. But one must start investing in something that pays out in cash. I mean Investing in oneself is good too but it will be as useless as learning Klingon and putting it under the other languages section of the Bank form. I did invest in one stock and a few Mutual Fund. While I am reaping the small benefits that it offers. I regret not expanding my portfolio to crypto. So far the all the crypto that I am holding is homegrown organic baby..!!! But I could have Invested something in Splinterland and earned some good rewards over time. Or I could have started something in the NFT / dcity. But I cannot go back in time. At least not yet. So the only thing I can do is expand my portfolio and get into a lot more things. As far as I know, the govt of India's stand on crypto is suffering from Alzheimer's they don’t seem to have any clue on where to start, where to go, and what to do. Which although is a very troubling thought, But I think we can grow beyond their insecurities.
Coming back to my plan. I am going in with crypto investment. And no it is not going to be my new year's resolution, because the only thing I learned in past few years is that those things are bogus and go down the drain. Instead, I should aim for something more substantial and start building something called a revenue stream...
(500 words cross ho Gaya... Abey yaar Shut up for a min... I am sharing something important here.)
So, the goal is to build something that is self-sustained and later can be diverted to boost something more. I am not sure what the future holds, but I am 100% sure that I am not using the correct technical words. Not an issue, will read up on that and get to it later.
And here is the most generic Image related to investment I can find on the internet.
Image Source
Alright, That is it for today guys.
I already crossed my 500words mark about 150 words back but this is something I wanted to say out loud. And I just said it.
I am inuke. And I am going in for the investment and hopefully a better future.
Now if you excuse me I have to go and get chased by police in the street of Buskria.
Alright see you around.
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People likes to invest different ways as i also invested in mutual fund because it's better then bank where get very small interest. Crypto is risky at the moment and currently I am thinking to invest in diamond as here my city is known as diamond City and i work on that field too but it's risky too as people use synthetic diamonds too. Always remember that dialogue risk hai to isk hai😀
Exactly the banks may be safer but the interest they are offering is not enough to keep up with inflation.. sadly nothing seems to compensate for the soaring prices lately.
The only things is taking risk and planning accordingly.
Thanks for sharing insight. And the idea about the diamond City.
🤣 ye sahe tha bade bhai,
Hahaha..
Haan Bhai agali baar se word counter off hi kar dunga . 🤣🤣🤣
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Well, I'm doing fine, thanks for asking 😎, gotta break this pattern of no one ever answering 😎
Great advice and humourous shit talk to go with it. What's the fuss about 500 words, are you doing a challenge or something?
Hahaha,
Happy to see you doing good.
This is something that is stuck with me. I only post of the word count cross 500 mark.. and when I fall short the post usually get scrapped. But I don't know when it turned into a problem.. 🤣
Now there is little voice in my head always telling me to get it over with and post. LOL!!!
Heheheh.
Also you know over here on hive, the size of posts usually get curators hard.
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One thing you need to invest in, when in crypto, is time. This world is moving faster than anything ever before. Unless you want to play it 'somewhat' safe and just go for the big bros with some kind of long term investment plan.
Good luck and welcome to the age of abundance!
I think I am getting on this train very late. Remember we discussed sometime in 2018 when you made a serious investment in crypto and I said I will join in shortly.. well the shortly lasted for almost 4years.
LOL!!!
I think I am going to play it safe but at the same time I feel like taking small calculated risks. And like you said that take time also as investment. Either way I am going in.
Lets see what abundance has to offer.
☮️❤️
If you ever wanna talk crypto, you know where to find me. You can learn from my mistakes ;^)
Ha!! Interesting absurd way of expressing, find that entertaining, weather you believe it or not.
Now, my points to add -
Investing in crypto, is like investing in yourself. I learned that post covid, when I am doing only crypto and there is so much to learn and grow here from DEFI platforms, to Blockchain Platforms and staking there ... its good stuff. Nothing to regret in it.
Govt. Of India
Be sure they will be hostile to crypto. Do you know they wanted to pass a law where you can trade crypto and hold them only in exchanges, you can't keep them in private wallets like Atomic, Metamask or Ledger.
So, I say go prepare to be in crypto even then, maybe learn about hodlhodl https://hodlhodl.com/, localbitcoins for peer to peer Bitcoin trading.
Start checking out how you can use VPN and evade restrictions... maybe decentralised vpns will come to rescue like https://sentinel.co/
Start holding privacy preserving cryptos like Monero and secret DEFI... https://scrt.network/
I am thinking of doing that, because unlike you I have nothing in my life to do that is lucrative other than crypto exploring. I got to be in crypto whatever this Govt's stance.
Remember, we have a right to use Blockchain technology and explore all its services, no Govt. has the right to seize it!! I think they don't want us to get rich, they will have some basic crypto trading so they can get taxes from our crypto trading activities.
High time to find other decentralised options to be in crypto. Web 3 is the future, and crypto scares Govt., they are scared we will hodl crypto, and not hodl ruppee in banks, and that's possible with DEFI being reality.
Govt. has no right to restrict crypto, because how we manage wealth shoulf be our business, weahter we trade stock, mutual funds or cryptos.
Sucks man!! Anyway.