Ask Leo; Is cryptocurrency the best option of investment in wealth creation?

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It is the desire of every man to live in comfort and abundance which makes it Paramount for people to engage in different activities that can fetch them money. The challenge faced by most people or what some people lack is orientation to channel their efforts in to something productive and rewarding. Creation of wealth involves alot of things such as

  1. Mentorship; without the right mentor, you might be hardworking and earning little.
  2. Discipline; being disciplined helps in savings. Which is the first step to creating wealth. Discipline curbs wasteful spending.
  3. Regular income ; there must be a stable source of income that brings in money daily or weekly to sort for immediate needs. Engaging in trading or skill acquisition is a reliable means to have a regular income unlike salary earners or menial jobs.
  4. Investment ; After money has been saved, there's a need for income multiplier. Investing in things like real estate, cryptocurrency, stocks e.t.c multiplies your income but the problem is the ability to be wise when making investment because choosing a wrong investment plan will shatter your wealth creation. Real estate is a good investment but you have to meet with genuine agents in order to avoid being scammed.
    Cryptocurrency is a good investment to consider to enhance your wealth creation. ✓Cryptocurrency scam is rare.
    ✓cryptocurrency could appreciate within a short time compared to real estate.
    ✓cryptocurrency can be sold at anytime without having to worry about getting a buyer.
    ✓cryptocurrency can be easily converted to cash and it can also be used as a medium of exchange 💱 .

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Good points. I disagree slightly as many crypto projects have failed over the years. There is also a huge risk with crypto in that many countries call it illegal, and some countries have taxation rules.

It's better to have a wide range of investments.

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Hmmm what a lovely contribution mate you are very correct that's another lovely insight @shaidon thanks for your comment hope to see more of you

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