10 Reminders
I am 8 years in from my first hearing of bitcoin and buying it and 4 years from it being a core part of my life. I help these 10 rules help someone or multiple people reading this. Also this is written from a HENRY (another sub) American perspective. Do NOT tell your co-workers and boss or bosses that you own bitcoin. If you must tell them, lie-say you own 10% of what you really do. Many of you have already leapfrogged your boss and maybe even your boss's boss wealth wise. I recently had a co worker who did this through another job offer-and it wasn't cupcakes and balloons. Let me clue people into things: your boss thinks he/she is smarter than you, and a better person than you. They cannot conceptualize you doing better. Bitcoin makes it even worse. Generally your boss is older than you AND Makes more money than you. Even more so, your boss was able to buy a home before prices exploded and had the financial means to invest. How do you think they would feel if someone they think of as a peon becomes wealthy though btc? You will only be denied work opportunities by running your mouth. Your physical safety goes down tremendously by others knowing you have bitcoin. There has been a significant amount of follow home robberies recently. Criminals are often smarter than people think. They will target you. People have been killed over Jordans. No matter what, do everything to keep at least .5 if you make $50,000 a year and 1 btc if you make 100,000 for your future self. There are no excuses. The majority of people are essentially retarded and have no idea what shit show their future live looks like. I, and many others, told ourselves "I will buy back that trophy asset". House, vintage car, bitcoin, Tesla stock. it doesn't happen. Back to #1. I remember someone who posted that they made about $50,000 in btc and crypto and walked into their boss and said "FUCK YOU, I'm out". Even if you have a shitty job, if it pays well, swallow your pride and stack. There is nothing wrong with taking some btc off the table and selling it even if you expect it to go up higher. There is something clinically insane by selling btc to take on a huge fucking mortgage and property tax bill to prove to people who care nothing about you that "you were right". Watch the scene from the gambler. I am completely against real estate as an investment (and I own both primary and investment) but there is nothing wrong with owning a home, having some solar panels, and if you wish, an electric car. I know a guy who did this at 33. His house in tenneesee is $500k. He pays no electric bill, no car gas bill, and no mortgage. We can debate all day long but his stress level is low and his income gets plowed into investing. The saddest thing is seeing someone get rich and their health go to shit. Prioritize your health. The stories of "it feels different at 40" are real. I'm at the age where I know people who made a lot of fucking money and cannot enjoy it do to health issues. PS: alcohol is poison, and weed is highly addictive. It was for me at least. Read die with zero. I know many broke people, but I also know 50 year old dudes obsessed with money who will never spend it. There's nothing wrong with buying your dream car, building your dream house, and/or taking your friends on all paid for vacation. Don't be an asshole. Don't be the guy running around with the I told you so t shirt. Most people are financially fucked. they don't want to be reminded. and they don't want to wake up. Thank the person and God and the situation that led you to attempting to understand bitcoin instead of dismissing it. submitted by /u/Substantial-Will2466 [link] [comments]
I am 8 years in from my first hearing of bitcoin and buying it and 4 years from it being a core part of my life. I help these 10 rules help someone or multiple people reading this. Also this is written from a HENRY (another sub) American perspective.
- Do NOT tell your co-workers and boss or bosses that you own bitcoin. If you must tell them, lie-say you own 10% of what you really do. Many of you have already leapfrogged your boss and maybe even your boss's boss wealth wise. I recently had a co worker who did this through another job offer-and it wasn't cupcakes and balloons. Let me clue people into things: your boss thinks he/she is smarter than you, and a better person than you. They cannot conceptualize you doing better.
Bitcoin makes it even worse. Generally your boss is older than you AND Makes more money than you. Even more so, your boss was able to buy a home before prices exploded and had the financial means to invest. How do you think they would feel if someone they think of as a peon becomes wealthy though btc?
You will only be denied work opportunities by running your mouth.
Your physical safety goes down tremendously by others knowing you have bitcoin. There has been a significant amount of follow home robberies recently. Criminals are often smarter than people think. They will target you. People have been killed over Jordans.
No matter what, do everything to keep at least .5 if you make $50,000 a year and 1 btc if you make 100,000 for your future self. There are no excuses. The majority of people are essentially retarded and have no idea what shit show their future live looks like.
I, and many others, told ourselves "I will buy back that trophy asset". House, vintage car, bitcoin, Tesla stock. it doesn't happen.
Back to #1. I remember someone who posted that they made about $50,000 in btc and crypto and walked into their boss and said "FUCK YOU, I'm out". Even if you have a shitty job, if it pays well, swallow your pride and stack.
There is nothing wrong with taking some btc off the table and selling it even if you expect it to go up higher. There is something clinically insane by selling btc to take on a huge fucking mortgage and property tax bill to prove to people who care nothing about you that "you were right".
Watch the scene from the gambler. I am completely against real estate as an investment (and I own both primary and investment) but there is nothing wrong with owning a home, having some solar panels, and if you wish, an electric car. I know a guy who did this at 33. His house in tenneesee is $500k. He pays no electric bill, no car gas bill, and no mortgage. We can debate all day long but his stress level is low and his income gets plowed into investing.
The saddest thing is seeing someone get rich and their health go to shit. Prioritize your health. The stories of "it feels different at 40" are real. I'm at the age where I know people who made a lot of fucking money and cannot enjoy it do to health issues. PS: alcohol is poison, and weed is highly addictive. It was for me at least.
Read die with zero. I know many broke people, but I also know 50 year old dudes obsessed with money who will never spend it. There's nothing wrong with buying your dream car, building your dream house, and/or taking your friends on all paid for vacation.
Don't be an asshole. Don't be the guy running around with the I told you so t shirt. Most people are financially fucked. they don't want to be reminded. and they don't want to wake up.
Thank the person and God and the situation that led you to attempting to understand bitcoin instead of dismissing it.
[link] [comments]
