WHAT TO DO IN TIMES LIKE THESE WHEN YOU HAVE $1’000 LEFT? LEAVE IT IN THE BANK? ONLY INVEST IN BITCOIN, ONLY INVEST IN OLD COINS? SHARES? GOLD? SILVER? OIL?
I used to talk to my mentor about money at length. He taught me that there are three important skills when talking about money:
- Earning money
- Keep money
- Multiply money
If it’s about making money, my mentor taught me that if you earn less than $100’000 a year, you’ll have a hard time becoming financially independent. See that you invest in yourself and you can increase your income.
Keeping money is always your own business and everyone has their own attitude towards it. Timehorzion plays a very important role in saving the “reward” for later. In addition there is also the beautiful Marshmellow Experiment!
I have made a detailed video about how you can best handle $1’000 and what you can use for learning:
Check out http://cakedefi.com to securely get cashflow from cryptocurrencies!
Youtube CAKE: https://www.youtube.com/channel/UCkRa0RHkJ9Udd_mVWl8fa8A