Millionaire Thoughts

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If you could go back in time and buy a Hive for 10 cents, would you do it? Would you do it on credit? I think the answer would be in the affirmative. After all, the benefit now is obvious. There is no fear of borrowing or managing huge amounts of money. I mean, if we did this 2–3 years ago, we'd be thinking like millionaires. Right? Yes and no.

I'm constantly struggling with the thought of a poor man. Who is constantly afraid to invest his own money in promising assets. As a result, I see the truth of my predictions, but I don't see the money. After all, I never followed my sober assumptions and took responsibility for the future. As I see off this next departing train with my eyes, it is impossible not to reflect on what is happening.

This will be a post about life and thought, money and the lack thereof. Friday constantly makes me think about the past week, take stock mentally, and try to shift my mindset. To shift my mind. To jump out of that pit of consciousness. To put it into words, if I have to go back to it again. And there will be more than one return. That's how my brain works. Yours doesn't?

Be ready for the money

I've heard and read many times that you have to be ready for money. How, why? Isn't it enough to just want it? Apparently not, based on my path. Everyone wants money, I wanted it too. Was I ready for it? Going back in time, definitely not.

Ten years ago, if $1,000,000 had come my way, I think it would have been gone. At least most of it would have been eaten up by inflation. The rest would have blown away on dubious projects and purchases that I don't really need. The funny thing is, in each case, all of my actions would have been done under the influence of fear. In the first case it was fear of losing money, and in the second it was of spending it wrong. All of this already speaks to an unpreparedness for money. Poor man's thoughts in action.

The minimum requirement for a lot of money is to know the amount we need at the moment and how we are going to spend it. Without such a list at least in our heads, we are not prepared for any amount in essence. And the odds that life throws at us will keep leaving on this next train as we stand on the platform of poverty... I think this is where my journey began, gradually breaking down my consciousness and moving me forward. To the right thoughts, to the right actions.

I have a million dollar list that inspires me and solves all my problems for the rest of my life...

Am I ready for the money now? Yes. But there are doubts. About that next...

Credit, loan, risk

It's very hard to go from 0 to 100 in a few years, isn't it? I can't remember a single story in which a poor person managed to become a millionaire legally in a few years. To be clear, without outside investment. That is, if my bank is close to zero, it would be very difficult and time-consuming to break it up to a million, even if I'm a genius. That is, I would have to take a credit, a loan, and take risks with other people's money. And take those risks accordingly.

And that's where the fear of loss comes back. And I've noticed that this fear is also present in the loss of intangible things. The fear of losing a few dollars and a few friends is almost the same. The bitterness of loss is different... You may disagree with this in the comments, I'm happy to discuss it, having felt every opinion. But I have it this way. I've been digging into myself every day for years. If I'm still here, it means I've been doing something wrong all this time...

Back on topic, so why not borrow money after calculating the risks and benefits of your individual projects? To break the bank and save time. 99% of the time, bitcoin will be worth $100,000 in a year or 2 or 4. That's +400% of the current value. How many of us will make that move? I don't think so. The reason? The 1% chance of failure. Ridiculous, isn't it? Isn't that what I've been missing all this time?

I think so. That's why I'm writing this, I'm taking steps toward it...

A friend of mine recently asked me a similar question.

If you're so sure you're going to make $10,000 out of $10,000, why don't you sell your apartment or take out an interest-bearing loan?

Earlier, I would have answered that I was afraid of losing it. After his question, I realized I wasn't afraid anymore. I had calculated the risks and benefits. And I did it. So far, only money in management with my brother. With a clear plan of responsibility. I think I've moved on, and I'm moving forward!

Conclusion

I mentioned responsibility. That seemed to be my weakness, too, when it came to other people's money. The ability to take responsibility, aware of the risks of loss in situations beyond my control, has scared the crap out of me. My whole life. As a result, it prevented me from borrowing against future benefits or investing my own money when I had it. It affected my social life as well. I never made a promise if there was a threat of force majeure, or it was not up to me. In fact, it may have seemed like the right thing to do. But I don't think so anymore. I've missed thousands of opportunities because of it. And not just material ones. The cards are opened, there's nothing more to be afraid of...

Is it scary for a millionaire to have only a 1% failure rate?

I don't know, but he will definitely take that risk in the 99%. So why can't I do it?

Our consciousness does sometimes prevent us from making the right decisions. Everything becomes obvious when it's already happened. But there is fear, laziness and denial of responsibility before a decision is made. Knowing the future, obviously everyone would buy a Hive at $0.10, even if they had to borrow against their own house or something like that. After all, there is no more fear or laziness or denial of responsibility...

Hive will be $1 sooner or later. I think even more, a lot more. That's why everyone on the inside is hoarding and holding. And have been doing it all the time and for a long time.

Remember this. Peace!


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Rich mindset.

I am building on it more and more every day.

Every day my mindset becomes wealthier.

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Yeah, that's what I'm going for, too. I hope to see you up there! !LOLZ
Thanks, dear, for your support!
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Hi, you are so right, sometimes it is scary, more when it comes to money.
However, if you don't take risks, you don't win and you don't get anything in life either.
In fact, I agree with you, we should try as much as possible to save as much HIve and go buying, because its value will inevitably grow.
The content is very good.
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If you could go back in time and buy a Hive for 10 cents, would you do it? Would you do it on credit?

It is easy to be wise after the event. But seeing the bear market, maybe we would not even have to go back in time to buy Hive at $0.10 USD.

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Maybe) But I think we missed that time)
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Starting from the scratch to make wealth quickly is impossible... It will take a long time.
Learning and unlearning, and building gradually.

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I did buy at 10 cents 😁
But let me put some qualifications on that.

You're raising an interesting question about readiness for money and whether we are ready to be millionaires. I think it is like savings, it's a skill or habit that needs to grow and be nurtured, rather than something you just start doing and that's that. It's one of the reasons I like Saturday Savers Club and especially the 365 day challenge. You start your savings journey small (literally start with one penny) and in a group of like minded people - and everyone and their savings grow together.

I guess in that case, we need a Monday Millionaire's Club 😁

When I was buying HIVE at 10c, I was dollar cost averaging. I set a small weekly fiat budget, an amount of money that it was immaterial if I lost it. I like to eat out, and I spend that money without thinking too much about it, because I enjoy the experience, and then that money is gone - "lost" in one way of thinking.

So, I took the equivalent of what I would spend on a meal out each week without even thinking about it and set that as my budget for buying HIVE. I bought every week regardless of the price of HIVE. When HIVE was very low, I did spend the equivalent of a year of my weekly DCA budget from my savings. I stopped buying regularly when I reached my target.

One of the important things is a person's attitude to risk. It is important to know your attitude to risk and work with that. If you're a very cautious person (score 1-3), you might want to only earn HIVE and not invest fiat - and that's great, because there is the opportunity to do that on HIVE. If you're a 4 or 5, then you might want to set a very low budget for investing fiat - maybe equivalent to some small expense that it really wouldn't matter if you went without. Lots of people here buy takeout coffee, or lunches. One of those you could do without and the other you could substitute food brought from home. That could be the tiny investment.

Your risk and savings muscles might grow stronger with practice at a comparatively low risk. You might feel ready to risk more, but you have to weigh up different risks. Would I borrow to invest in HIVE? No! Would I borrow against my house? Absolutely not! I might get an extra part-time job, or sell a few things, or organise my expenditure differently. Mainly, though, I would continue to look for passive income opportunities on HIVE.

I know you're talking about much more complicated things than this and I agree, it took me some time to think that I could become a millionaire (I was giddy when my investment went x 4).

#camefromlistnerds

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I know you're talking about much more complicated things than this

Yes, it's really more complicated stuff, that's why I'm writing about it. It's easier to say it's a conversation with myself, but with an invitation to participate). That's why your comment came in handy! Thank you. I really saw both your thoughts and my emotions on this.

And yes, we really don't change overnight or after a few shocks. I just want to believe that my downfalls are already enough to move on. When a lot of things are already clear and clear to me, but one thing is missing. My message and my guess are that it's something inside my head. But we'll see that a year from now. I'm giving myself that deadline to come back here with the results and continue this conversation.

Thanks again for being a part of this!
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Recently, one of the big lotteries, the Mega Millions got up to over 1.5 billion dollars for the jackpot. I can't for the life of me imagine what I would do with that kind of money. I can't imagine what that kind of money would even look like. For me right now, a million dollars is still hard to imagine. And that won't even get one very far in this day and age. Responsibility to be prepared would be the key to managing any amount of money. If you can't handle ten, fifty, or even a hundred dollars, how will you be able to manage a million?
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I can't imagine what that kind of money would even look like.

😅 True! I think it's a gym filled with money. It goes something like this...

I completely agree with the rest. Thanks for stopping by and your support!
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Good Morning and You're very welcome, @stdd!
Enjoy your Sunday😀
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This is a very thought-provoking post, Alex.

You are digging deep into your experiences which is a good thing, but you need to remember the "can't miss" opportunities you have seen.

I have a few years on you, my young friend, and I have tried to have the same mindset on accumulating money. There are always reasons as to why we can or cannot take advantage of an opportunity.

At least, if you are using your own money, you stand to lose only that.

There is nothing worse than borrowing money for a sure-fire moonshot, only to have it fizzle on the launch pad.

Again, this is a very thought-provoking post. Thanks for sharing your viewpoint.

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Yes, I agree with you. I may change my point of view in a few years, so it was important for me to listen to everyone on this issue! Thank you for sharing your life experiences. It's very valuable!

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Hello stdd. Good article with wisdom about money. It is difficult isn't it with our emotions involved. It's too bad money is so cruel. To me money has always been a very cruel thing. Money should not be cruel though should it. Money is a tool. If we can get the money tool to be positive this will be wonderful wouldn't it!
Barb 😊
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If we can get the money tool to be positive this will be wonderful wouldn't it!

Yeah! Very strong words!
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Heh heh it would be nice to be able to go back and buy Hive for 10 cents! That would be a great deal!

In any case, even currently it is a great deal to buy, accumulate and hold. Hive will have great developments in the future, you need to have a long-term vision and think that basically Hive is relatively young.

Obviously in investing as in doing business there are risks and you need to know how to take them and on the other hand... nothing risked nothing gained eh eh!

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Wise words, buddy!
Thanks a lot for stopping by!
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