Bitcoin Forum

Wealth management accounts offer a variety of services to individuals with a high net worth. Here, we list the best countries in which to manage your wealth that are in the SelfKey Marketplace: https://selfkey.org/best-countries-for-offshore-wealth-management/

If you're a high net worth individual, how would you manage your wealth?

I'm not a high worth guy but I'm managing my wealth through budgeting and allocating it with different possible sources of income.

I have most in crypto now while invested in real properties, small businesses and I'm planning to look for start ups in my area to support with the little that I have.

The profit from my other small businesses that's the passive income that I'm using for my bills.

Remember who is a bad situation, help others, start my own bitcoin hashing business, large scale and invest

actually my Wife is helping me about managing our wealth because as a married couple everything must be shared by both of us.

though she is not interfering my Crypto investments and that's how she respected me,but i made sure that i am updating her and asking for second opinion if i need to decide about high value investing.

I manage all I have by my own. Without contacting services offered by banks or governs (unless I'm forced to do so). If it was after me, I wouldn't use even the card where my sallary is paid each month. But even so, when my sallary is paid, I cash it all out and I use just cash afterwards.

I don't want the govern and the banks to track my moves, my finances and my privacy as a whole.

I haven't been able to be a high-value person yet I don't have many resources However, as much as I do I try to keep banks and insurance companies. Here I use full cash and protect privacy.

I'm sure the smartest thing to do in investing your wealth is not to put all your eggs in one basket. The best possible thing would be to buy a mix of assets that fits your financial goals. If you can diversify your portfolio like this, your risk tolerance will increase. In the future, the same principles of a low volatility, low risk asset allocation will be important. Put money in low risk equities, which will earn you the return of 1.5-2.0% an annum.

If I were wealthy, I would make a lot of diversified investments in order to keep my income flowing and the cash coming to me stabilized.
When I would be in a good income, I would make funding in poor countries in order to provide them healthcare and education. I think that this is what we need in order to make a better world for our future generations.

Money is just a temporary measure of the value of things and services. If I were a wealthy person, I would use the money for its intended purpose, investing it in something material, like own land and real estate or creating something useful for all people.

Don't trust anyone,take care of your wealth on your own. :(

i think it is "Wealth" mate not Health lol.

but that is absolutely correct,never trust our Money to anyone,not unless we are talking billions or trillions here that we cannot afford much time to handle,but make sure that you will be the one that will decide which is which.

Sorry for the typo,its wealth. :-X

I meant to say if you earned that much of money then you must know how to manage them,and I don;t trust anyone when something related to money because people will look for their benefits over the boss.

But if you are smart enough then you can make people to work for you.

To be honest, I am not really great on managing my crypto hold when I started. But now with my regular job, I have to say that the common thing that I do is that I just let my fiat stay in my online platform and just cash it out if really needed. This way, I am not tempted to buy that are not really necessary.

It is proven that an individual is very unlikely to outperform the market, so choosing passive ETF funds is probably the best idea long term if we are not including the cryptos.

Im not a rich person just an average one. We do have business and I have a real job plus an extra income on crypto, all of these im the one managing our money and save it through bank and invested on crypto and gold jewelries.

I am not wealthy but i like to answer your question too. I have enough monthly salary, so what i did is i put 30% of it on my savings acct. ,10% goes to my crypto holdings,another 10% goes to my leisures savings. And the remaining 50% is allocated in all expenses for one month.

You can do it. The best thing that you can do is to pay it first so that you're free financially.

It's the chain that keeps you away from the wealth freedom that you should have right now. Everyone's been there and you should start with the planning and practice saving while you are still paying that mortgage.

And when you are done with that, you should execute the plan you've made.

I can feel you mate because it is not easy just to entrust our hard earned money to anyone ,sometimes even our family or friends is not worth the trust because money is the root of all evil if we don't make precautions from people we are dealing with.

Good for you if you can managed this constantly but i doubt it lol

If you want to share your wealth with your wife you have to make at least the same income.
Otherwise, it is not good to make her have an opinion on the money you earn and the same goes to you for the money that she earns.
Of course you have to take decisions in some things as a couple but this depends.

LOL  being Husband and wife meaning we are one,My decision must be with Her consent same as mine,I don't know if you already have family but for me?my wife saves me more times thats why i trusted her decisions as it was proven for our more than 15 years or being married.

Just do what you wanna do when you(or if you) have family but for me?i will stay that way because more than anyone in the world?our wife is the best partner we can have in this world.

Start early and save regularly. Time is one of the best friends an investor can have.
Apart from this Diversify your investments and Avoid scams.

The manage of wealth comes by how much you have but if i have enough i would really looks to invest on something that would bring me more money or enough money to live with that money. And second wouldnt do luxury life by buying expensive things as car the worst invest in life is by buying expensive car because if you buy it for 50k$ once you drive it home you just lose 2-3 k$ from it lmao