Bitcoin Forum

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

There's no secrets. If you want to get rich, or as I prefer to say it to improve your economic situation, do it simple, slowly and boring.

Save an emergency fund, get rid of consumer debt, increase your income and then invest, reinvest and keep reinvesting.

That's it.

If someone had a secret they wouldn’t post it on an online forum for everybody else to copy.

Also i don’t understand buying homes for cash and taking loans on it. You are better off putting 20% down and getting 5 homes instead of 1 paid off home and then getting a line of credit for maybe 65% of its value.

This isn’t really much of a secret, most people know about this already. Homes can be used a collateral for mortgages or if there is equity they can be a line of credit to borrow money.

do as the politicians do, not as they say

many have off shore holdings. and then that offshore(trust) gives the person a 'personal loan' with weak repayment terms/considerations EG repay any left over savings to the trust at death

thus funnelling all money back into the trust for the family to then get 'loans' to never pay tax on and never pay inheritance tax or death duties

if you have a credit card/personal debt. dont own a car or large value items they can tow/take away. put the car into a trust or lease a car that way its not your car for them to take away as collateral.

if you own a business start multiple sister companies where bad assets are transfered to a bad sister which you can shutdown/bankrupt without harming main business

this is not financial advice,
seek expert advice from a proper consultant who knows the intricacies of financial/tax law

If the interest rates are lower than the inflation rate, then borrowing money makes sense. It is because you can buy them real assets with the loaned money and make profits. That's completely legal and it is a way to game the system. Right now the banks in my country let me do this and I am getting rich because of it. Of course somebody else has to pay for it and they are those who couldn't get any loans from the banks. I doubled my wealth doing this last year and it worked. Thanks for the cheap money bitchezz

There is no financial secret or formula to get rich other than that you need to work hard, save and use your money wisely (investing). Each person will have a method, a formula, a path to success, no one is the same and you cannot copy someone else's formula and vice versa. Don't try to find the formula to get rich, keep working creatively, the results will come to you.

If you are looking for a faster path to success then I think investing is what you are looking for. I am not saying that investing will definitely make you rich but it may be the fastest way to success than others, but investing is risky, so be careful.

There's no secret.

1. Have a job with good salary.
2. Don't save, instead of invest your money.
3. Avoid spend your money for unnecessary thing e.g. expensive food, cloth, entertain etc.

That's all, I'm sure the next 10-20 years you will become rich.

The reason why many people can't become rich are because they can't follow the three requirements I mentioned above. Most of people work in low or minimum salary job, most of people can't take risk, most of people want to impress other people and want to entertain themselves.

Hehe, are you in IRS, or FBI. You must be in some organizations. (hehe) or maybe not. Well, how can you expect someone share his/her secrets with you. Well, the world and this life has only one financial secret to earn money which is doing work. When you do work you earn money otherwise not.

I hope this secret will be enough for you. Other than that, if you are earning low and wanted to manage your funds to increase the money in your savings then you have to live a disciplined life. like less or no parties, less wastage of money on unnecessary things, buying things in Bulk instead of daily basis. Always, prepare for birthday parties will tight budget because most money goes there too. Some might not agree with me but that's true. Most of the people spend hell lot of money which seems unnecessary to me.

You, should not fall prey to any debt, gambling, or any types of alcohol. Because such things are only waste of money and will eat your life away. Find a companion who could live shoulder to shoulder with you and help you in every ups and downs of life.  I know you might not expecting such answers but this is my secrets and you should also avoid illegal or big risky works to be financial independent. Because money is not everything.

Why would anyone want to share their financial "secrets" with you? Sounds more like those "scam" books and videos where they convince people that a secret exists and then tries to sell them something. There is no "secret" in financial success. You need to work hard for it. You need to earn it. If it was very easy, wouldn't there be like lots and lots of billionaires? And you can't become successful by taking loans. Nor can you become one by avoiding taxes. Play clean, work hard, and you will see yourself there one day.

Compound Interest... the 8th wonder of the World!

I had a very early "Light bulb" moment, when I were still at school, because the teacher explained "Compound" interest and I immediately saw the growth potential. I later found out about inflation and how necessary it is to find some kind of an investment that beats inflation and compound interest was one of those solutions.

I also saw the growth potential for money that was invested in Bitcoin.... "Buy Low & Sell high" ...rinse and repeat that strategy and you beat any other investment option out there, when the Bitcoin price hits a new all-time-high price.  ;)

I am still unemployed. But i will still answer your questions on the basis of knowledge and experience i gained from others. Like my Relatives, Parents, Friends etc. Which is, if you have some money in your savings from which you could buy an iPhone 14 pro max and also with the same money you could start a business then. You should start a business.

Because that business will give you experience and if that business runs up and made you quite good money then you can buy iPhone 14 pro max out of it too. But if that business didn't succeed then at least you will end up having some good experience of the market. But this pathway is for entrepreneur and for business minded people. Not for those who just wanted to make money and spend it on other stuffs which seems to be unnecessary.

You should have a progressive and leading mindset. If not, then you should look for secrets like you are looking for. Like for shortcuts to become rich or at least making some money. I recently watched a video on TikTok that a smuggler was transferring 2.34 KG of Heroin to another country and got caught. And on investigation he said he was doing it for only 5000 euros.

i mean really, for 5000 euros he risked his 5 or idk how many years in jail and that 5000 euros will be earned easily if he walks on the straight path not by following some secrets only in 2 or 4 months.

I will not tell my secret to anyone because it is my secret ;D

But many people say that having a lot of assets, whether it's crypto or other assets, can increase your wealth and the spread of assets is the path you can look for.

Buying a house has been one of the assets used by many people to increase their wealth. But buying land can also be used as an asset for you. And now we have Bitcoin so we can make Bitcoin our main asset and a long-term investment.

And if you already have these assets, don't tell other people and it's better to keep them for yourself.

There are secretes and definitely one of them is, politics. Those who are in connection with the politicians whether they are local or national level, a business person or even common person could get up financial gains very easily. Imagine, you can have access to various systems and schemes that usually come our way while doing various businesses or any projects. With the time you can have insider information and have monetary gains easily.  This help in many ways to be honest. Various approvals that may restrict a business gets disappeared with such connection and makes it easier. So yeah this is one of the secrete that could help too.  

For me, it's buying a few luxury products but also knowing that it will be profitable after a few years. It may seem like I'm wasting time money on buying luxury goods here and there to look good and jump on the trend, but if you look at that side of the market you'll see just how much high end products can cost even if they are sold secondhand. If lucky, I get a few collector's items too.

I'm not rich enough so I don't have any secrets to getting rich. In financial management you are required to be smart to fight against a bad financial system, it is generally known that inflation eats up your wealth slowly. So I only think about financial instruments that are able to maintain the value of my wealth, it can be in the form of a side business or investment. I've even heard that by taking advantage of inflation, you can actually eat without spending anything.

Seek experts advice, there are some people that are very good at this but many answers on here won't be as good as hearing from an expert.

Some experts know how to use debt to their own advantage and they can get everything down using debt, I've read about it before but I don't remember much anymore.

I always stay away from loans and debt and I focus on hardworking only, peace of mind is way better than anything in this life.

My advice to someone like you is to start from somewhere, read some books, watch some videos and stay away from anything that won't give you money in return, like buying expensive things that don't matter.

Save up some money and start a business, or learn a new skill that can bring in money and use the money to establish a business.

That’s true mate. There are no secrets to success and being wealthy, everything comes with a long term process that also needs the right mindset and the positive attitude to keep it going. Just avoid all forms of debt, focus on what you need rather on what you want, do not rely on a single source of income but have some side hustles, and never forget to enter into potential investments and re invest everytime you are in profits.

What is secret is always secret unless there is a vapour or a confiding on it.

Else talking of financial secrets is not magical but demands sacrifices of your creative productiveness in your endivoirs.

These secrets are your risk taken, ability to take advises, cautiousness and adopting to strategical methods on what consumed someone else investment as an experience.

Do not settle for less, invest, keep investing and broad your investment circle to save high rate of lost.

Donating tons of clean money to the needy especially those in "third world countries" and make sure the money is put into good use for the benefit of the needy. Consider the donation as a seed that eventually grows into a fruitful tree to the direction of the donor to reap the fruits.

All of the replies said there is no secret, and its probably true. Maybe the question should be revised, 'What are some financial tips that actually work, that you know of?'. I am on my late twenties now, and to be honest lately I made a lot of bad decision on my financial.

I would really like to hear some of advices given by people on their 40+, I lost my parents on my early twenties, so I couldn't ask them before I realize I need to make good financial decision.

The secrets that are usually told to us by the rich are to take risks and work hard and smart. That is really what they've done to be financially free: they took a risk to have a business and got lucky that it is working. Though there are no risks, it was already told to us that we should work hard and always have motivation to continue to strive until we achieve our dreams.

 actually wealth does not comes immediately but one should work hard and with little amount he can save money to settle a business. At start everyone faces some difficulties due to minimum income but with passage of time everything becomes easy.

 When you save enough money then build a house and give it on rent or make some investment in Bitcoin or gold will help you to enhance the worth of your invested money so in this situation whenever you need money you can cover your needs by getting profit out of it.

Hmmm. I see,you must be a rich person from the way you stated this with assurance. At some point I stopped reading and have a thought of your three steps towards successful and number three was very cool with me. To be successful in life is not easy because one must be discipline, committed and have positive thoughts towards his goals.

I see that presently,bitcoin investment is the only investment that you can be sure of good profit from if you invest in a long term because of its volatile nature and it is also inflation resistance. The problem of other businesses is that they are been affected by inflation and maybe some change in government policies. Buy a good number of bitcoin and hodli for 8yrs,don't even think of taking profit because when you start a business,you don't start spending money from the business. What i mean is that your are to make availability for emergency funds, so that you don't go and take money from your new business.

All these will lead to failure of the business. Allow your business to grow for some period of time and when high profits have started coming out,you can take little from it.  That's is how you go with your bitcoin journey after that,you can diversify into other physical businesses.

It’s very important to realize and notice the way you see money. Typically, it works like this: poor people see money as a way to buy things. Rich people see money as a way to make more money.

When you start following the latter, there’s no way you can’t see investment opportunities everywhere around. Your environment’s literally filled with investment opportunities, you just don’t/didn’t care atm about any of it. If the salary you get paid is spent on things like going out, shopping etc then you’ve got to make some changes, mate!

There is no specific rule for how to become rich because there is no clear definition of wealth. Do you mean by wealth the ability to be able to pay the basics and luxuries, or do you mean that it is wealth that makes you not need money throughout your life or that you have enough bank balance to manage projects for borders and continents? The rich in one country may be poor in another country, as a million dollars is wealth in one country, and it is an average amount in another country, and some social classes, such as the billionaire, may consider the millionaire as a poor man.

The lack of definition and the difference in skills and areas makes there more than a million ways to become rich, all of which agree in being a solution to a problem or providing a service or product at a cheaper price and better quality. It is also a science for those who want to take risks and learn from their mistakes. This is how wealth is made and not with wishes as some books tell us.

No one wants to be poor, no one wants to work for someone else, and no one wants to do a low paying job. But the problem is that many people do not have a high education or do not have too many skills, how can they get a good salary? You try to ask everyone, does anyone criticize the good salary? But it is not easy to get there.


I also advise those who want to get rich to invest, but investing is still risky and not 100% guaranteed to be profitable. So, having no savings and putting all your money into investments is bad advice.


Depending on the needs and circumstances of each person, excessive savings will also cause your health to go down seriously, and without health, you cannot earn money. Save wisely, don't be too stingy with yourself.

what I know is buying agreements that benefit us with politicians for contract protection that will never be interpreted by the next leadership, just like the Freeport company in my country which is right in Papua province, where in essence they work with corrupt politicians, with mentioning that they cannot be interpreted by any party and they are given strong authority to continue the contract, I think that is what I have discussed, and of course this is the secret of how to trick us so that we have money on a large scale.

I wouldn't call it a secret since I'm sure a lot of people already knows it and are applying it to their lives and financial decisions, but investing is really a good way to ensure you have something you can rely on when things go south. For example, investing in lands can ensure you that you have a property and can use it in case of emergency.

Avoid getting into any debt. While many rich people do take good debts but for someone who's not even an average guy has to avoid any means of debt. Trust me, you're going to be more than happy than anybody else when you don't have to think about any debt because you've got a peace of mind. The rich people does take it because they can attain to pay sums of it but for an average or even lower, it's best to avoid it and pay everything in cash. And with that, next to it is to live simply and frugally. As you grow old, you'll realize that simplicity is what all you need in this life.

I have no special secrets about my finances, I just go with the flow of life, if I have tried my best and still lack money, the solution I do is sell assets or get into debt, the presence of many online lending platforms is something we can use when we really need money .

Well I think there's no secret when it comes to different strategy and skills in earning money maybe if it's illegal activities of course they wouldn't share it online even the fact that they are anonymous here since people would be aware with it. In my case, I took a loan for buying a house with a monthly payment. Well of course I couldn't afford to pay million of cash since that's the amount of money needed to afford a house, then I made it rental so the payment of people who's living for renting my house would go straight to paying the loans. In a long period of time, the house and lot would be named after me then the rental still going on then here you go passive income. Of course it's not that easy, you'll have to take care of the papers plus open your wallet since you'll need to have some cash for fixing the house for them to be safe for rental.

The secret, Calm and Happy. in investing. let alone already have large capital and experienced high flying hours. if you are already a person who has many assets like BTC. Keep calm and relax if you share your dream with many people, for example if you want to buy a house, you will fail. many eyes will be on your wallet. if last anelia you are very far from my thoughts.

Your question is very simple, but leads to something very personal. Although there are certain tricks that are done in order to achieve success, no one is willing to reveal the secret here. Just do it the way and experience you have, as long as you keep trying and never give up, sooner or later you will achieve success. Make good use of your funds, never be lulled by something that is uncertain. Success can be achieved by anyone as long as they don't give up easily when facing difficult conditions.

My best option will be to buy a house with cash because interest from loans could be challenging especially if the company is greedy. I have also seen people that have to keep rescheduling their loans because of some economic factors such as the loss of jobs. But if I have access to a reputable and reliable mortgage firm, I will consider owning my house. House rents are so high in my location that my savings from rents would give me more finance to invest in other sectors.


This option is for super-rich people. I have not even considered this option because I can manage what I own now within my country. But establishing these offshore companies in tax havens is a legal way of avoiding tax but I am not a supporter of such moves. It promotes inequity because the rich now have the privilege of earning more but paying less tax.


I don't have any secrets. I keep my expenses low while I seek more sources of revenue. When I have extra money or make profits, I invest them in long-term projects. I don't spend on luxury because I have always desired to live a modest life. I avoid alcohol, drugs, cigarettes, and other behaviors that can lead to addiction just to ensure I don't waste my resources.

I can share one, but the most effective financial secret. To become rich, one must be born into a rich family. :) Everything else is nonsense. :)

Sell your time for more than you buy someone else's. Perhaps the margin in this will be the secret.

P.S. Do you really think that someone will publicly share this?

In fact, the most important financial secret is that there is no secret.

@OP, If you want to get rich, then the rules are simple: attend college, and after graduation, you can look for a job at any good company that has a high pay rate. If you are still looking at becoming your own boss, you need to find a way to raise money and start your own company, which is not as easy as it sounds. Some simple rules for building wealth are that you must not be so bent on spending the money that you have not yet earned. For example, when you take too many loans or always buy things on credit, you have not yet earned the money you are spending. It will cause you not to have a balanced budget when you finally receive your salary.

Let's assume you earn $500 in salary every month, and before the month runs out, you have already accumulated about $450 in loans and other debts for yourself. Then how can you manage the remaining $50 for the next month until you receive another salary? Also, learn to save to invest, and don't invest in something you are not very sure will produce a good result while you have other good investment options.

The secrets are not so much a secret when you get to know, it is just what every individuals is involved in that is working for them. Different businesses, different investments but all having similar habits in financial management and discipline. A financial secret you should know is that developing a good financial habit first then carefully picking a business or investment to be involved in because not every business and investment that looks good is good for you. Not all business and investment that you see other people doing is good for you, so will be a terrible fail for you if you follow blindly.

Why not consider seeking the counsel of a financial advisor who's around 50 years old? I'm sure everyone has made mistakes in handling their finances, but those experiences can serve as invaluable lessons to encourage greater caution in money matters.

It's unfortunate when someone acknowledges their financial decisions are wrong, yet they refuse to stop making them. This situation won't improve their financial well-being unless they start heeding advice from a certified financial advisor.

Grab every opportunity  but wisely; always manage the risk and never disregard the downside of it. Well, as others have mentioned there's no sich thing as a secret formula or what not to get rich. But if we would observe, rich ones are those who takes risk. Well you could have a sustainable life with a decent job but if you want more, go with investments and/or sales industry. Competition is big but that is what making it a career to be bigger in the future. This technology as an investment would be a good option as well, so it just depends on what you can handle. Also, know your capabilities, circumstances, and will.

I am not that rich, i consider myself a middle-class person. Who have to save money to start something new. And with that money i can not start businesses you have mentioned above. But i can start trading with my money. I hope you understand that i have no financial secrets like some hacks to make money. We always need money to start making source for passive income.

Such as assets, either they are Digital or Physical. For example in digital world we could rent our land, shops, houses etc and we can earn on our BTC which is an asset too. We could build shopping stores, that we can sell to. etc.  These are just few examples

And each way of earning money has its own difficulties and we have to come up with different strategies which might not be used in another work. So for now, i do not have anything solid for you such as top secrets to make money but all i can say is be smart and be productive. Always ready to invest your money instead of wasting it.

For the time being, i have no special secrets aside the general one which buying bitcoin low and selling high, it is commonly said that a secret two or more persons already know is no longer a secret, so by that, i assume that buying trading and investing in bitcoin and some other major crypto currencies for profit is no longer a secret, since its something millions of people all over the world already know about and are into.

Anyways, for those who have the financial means, i think investing in real estate is a great financial secret which brings great returns, this is something i plan going into as soon as i have the financial capability.

Do not be showy to the people you know that you've got money or else they'll come to you and ask to borrow money. And when you don't lend them money, you're bad in their eyes.

That's going to put a possible pressure to you if you can't take those type of feedbacks with your action. And it is the reason that if you've got money to spend in the things you like, always remain lowkey.

But I know that if it's for travel, you really want to share it to the people that you're from place to place and that can't be hidden. If someone asks you to borrow money, tell them that they're not part of your budget.

Financial advisers can be sourced from anyone and it is not limited to the age factor because it is not certain that someone who is older has the best experience in financial management, even younger people who have been successful in the economic field can be used as motivators to guide us to understand some tips or efforts that can improve welfare.

I have found the answer to this, the secret is effort and being grateful because all are not destined to get rich even though you have worked hard to change your economic status, but involve gratitude for your every effort so you are not greedy leaving your previous job to get a high income instead your economy is getting worse because the final result does not match your speculation.

I don't have any secrets for that kind of thing right now, because I'm currently still struggling to build a livable house so I have to finish that first before thinking about more plans in the future. So for now there are no secrets that I can share with you except just about continuing to work so you can make money in life, because without income in life, everyone will never become rich. Especially if someone has the desire to buy a house and an offshore company with a large amount of capital

Everyone already know buying bitcoin is a financial secret on the long time.


Staying lowkey is good that is if you are a starter in your financial process because there is a financial level you get to you can not stay lowkey, I mean people already know you even if you decide to stay on lowkey. However, back to your first point, I don't think giving is bad but you only have to be reasonable. If you are not a huge spender on things that are not necessary then to invest will be a challenge.

This isn't a "secret" but something I learned very late in age, I was 30+ years old when I learned this. All my life people talked about how debt was bad, but what they didn't realize was debt is bad if you are just taking on debt and not really doing anything with it. However, there is also good debt that I learned from friends in the crypto, where if you make a debt, but you make money from that debt, like you use that for some investment, then that's not bad debt. All the big companies do it, they may even money and still take debt, so there are bad debts and good debts. Making debt for assets may turn out to be fine, making a debt for liability is not a good debt at all. I learned the difference and been richer ever since.

the secret is .....shhhh buy BTC sell it later when its profitable.
there are several financial secrets that i think many crypto investors are doing like staking of course its not a secret everyone knows it but it just need a lot of money to be able to participate on staking. so this is your way if you wanna make money one day.

for those who are new in crypto, these are not known to them especially casino tokens and yield farming.

I can't really say accurately to be a secret but you must know something very important about when we talking of financial secrets, you must not wait to be motivated by any one around you. Always take the right steps at the right time and try to remove fear of taking a bold steps on whatever you are about to do that would yield to your financial multiplication.
Some of those people who are financially Rich and stable today doesn't wait for someone to inspire them or talk senses into them rather, they took the bold steps to change their stories that is why today, the Rich are getting richer and while the poor are getting poorer because they always think of spending and not investment. Investment could be physical property, business or investing in an online digital currencies such as bitcoin and any other crypto related coins that are found valuable and resourceful.

Yes, i agree into this one on which there's no secret because if there's one and been told on the public then its not secret anymore.  :D Come to think that we've been flooded out by lots of how to make money videos

and articles online on which telling this and telling that, but the main question is, is anyone would really be capable on doing so? Take for example on having that real estate business on which this had been primarily be in recommendations if we do speak about passive income or even trying out to invest on stocks and bonds and other traditional investment as we do know of. This isnt secret anymore, it is really just that people would
really be missing out these chances considering that not all would really be having the funds or capital for them to start on in the first place.

Agree into those points that making yourself debt-free and having that diversified income source should really be the main priority. Having expansion or making it big should be your main goal or target
until the cash flow would really be sufficient enough for you to support yourself without doing much hard work.

Well for me, not sure if it is really a considered a secret, but they said that...
I believe that I had applied that quite few amount of times already when buying anything that I wanted except for buying needs of course and also paying bills. It kinda helped me in doing budgeting monthly properly especially when I allocate my funds to wants and needs.

In this age of knowledge sharing nothing is a secret anymore. But yes I know one mantra for sure that is true in every case that money always attracts money, so to earn big you must play big. The major problem that everyone faces is earning that initial money or the capital. On the other hand trust funds and off shore companies are really the things big corporations can only do. For an individual it's almost Impossible to do this.

I have no financial secrets to be honest but it’s all about hardwork, dedication, positive mentality and persistence on your goal. Without these, you’ll never come to achieve financial stability and independence in the future. Also, being knowledgeable especially on managing your finances and sticking to what’s necessary and disregard those who are not will also be a great help in achieving success in your finances.

You’re on point mate. Even if people have their own financial secrets, but you cannot expect to follow them successfully because all of us have our own methods or strategy that will only work for us and may not work for others. So at the end of the day, everything relies on how you manage your own finances and how you take advantage on every opportunity that comes that will improve your way of living. While investing could be the fastest way to get profits and be rich in the process, but the fact that not everyone is capable to invest and have enough knowledge and resources to make it successful, then having an investment will not guarantee financial prosperity. But if you have the passion and persistency to keep it going despite of some inevitable losses, then you will eventually hit your own financial independence in the future.

You have to be careful with what you ask for from random people online because you can get misleading information but then if you ask me for my money-making mechanism is I will tell you that you have to be extremely lucky like me to come from my part of the world and from my family background because we already have a family business that we all run and the company is big enough to employ most family members whoever decide to work with the company unless you have another source.

Another generally acceptable and easy way to earn from this community also is by buying bitcoin and hold in your private wallet for the long term base,  and also practising the DCA approach to stay in profit.

Avoid taxes is what we usually heard from rich people which makes them richer. But it was not the thing we need to focus on if we wanted to grow our finances instead we focus on multiplying our sources of income as this will give us wealth even if we pay taxes to the government. And aside from that, we must also know how to manage them all and be smart when it comes to spending habits because it happens that many people spend more while earning less, and that is a big mistake.

The biggest financial secret that I can impart to you is that, sometimes you gotta adopt a cracker mindset.

You see those crackheads on the street? Those meth addicts? You don't hear them saying "I don't have money for today so perhaps I'm going to stop buying and snorting meth until money comes again". No, they make and find ways to get their fix whatever it takes lol. But in all seriousness, sometimes opportunities will not come for you, so you gotta bang at their doorstep continuously until they let you in and hear you out. You gotta be desperate and resourceful to find the best means of earning money and getting rich.

Well, I don't know how things work in your country, but in my country, there are some real estate companies that allow you to invest as little as $500–$1k with monthly returns of 10–20% depending on the company. If you don't want to receive the monthly ROI, then it will be accumulating for you until after some years, then you will be given a land with a house in it in any of your selected estates. Everything is there in the agreement. In such a case, you don't really need to wait to accumulate thousands or millions of dollars before you can carry on your investment. Like I said, I don't know if there is such a service in your country, but if there is, then you can start that way. Just a suggestion; don't take it to be an investment idea.

When you have arrived to be wealthy, that's when you will tend to dish out information to people about your financial secrets. But in this case, am yet to be wealthy, which automatically makes I do not have any wealth secrets to share.

Apart from not being wealthy or not, I haven't seen nor heard of anyone sharing their wealth secrets with anyone. What you will hear from people whose business has made them wealthy is for you to work hard, believe in yourself, don't be shy in your little beginning, and don't be afraid to take risks.

One thing I can tell you for sure is that, money attracts more money and that is when invested of course. Perhaps not in cryptos but in other fields as well and money saved in fiat banks is always subject to devaluation and yields less profit if any at all.

It's the reason why some of us here rather bug and hold bitcoin than live out our money in fiat banks. Why exactly; having  your money saved out in bitcoin implies, your doing two things at a time:

1. Leaving out you money in some gainful investment and
2. Doing some actual currency savings.

These could be an option when you've got money that you don't know what uo o with it but, never feel its risk free and be ready to wait on it to materialise into something meaningful.

No, not yet. I'm still working, collecting every pennies and invest my money. Still far to achieve financial freedom, but at least I understand how to get rich.

The problem of high education and not have many skills are their problem, if you not have a good financial, get a scholarship. If you not have many skills, learn by yourself, practice everyday and join the community. Every person has it's own cell phone, use it properly, not only for playing game or watching porn.

If you worried all of your money would gone since investment is risky, there's called diversification.

Life is a choice, you either save your money in fiat where it's much safer but you will become poor because the value is always decrease or taking some risk to invest your money and you have a chance to change your life in the future.

Actually I have, I went to a financial advisor, not a 50 years old, I don't think the age matters if it's a professional. All I am saying is that we can take much lesson from both expertise and experience, that's why I said 50 years old because I am just curious of how their experience handling their financial. The same as we can learn from both mistake succeed.

Starter or not, being lowkey is like an attitude. Even you'll reach at the top level and ceiling of success, you are you and you can decide whether to get yourself remain as a lowkey person.

I've known successful and rich people that are continuing to remain lowkey and they're successful about it. People don't even know how successful and rich they are so, there's really no starting point or ending point on being one.

Full-fill your wants with interest that comes out of your investments, make money while you sleep. If hard work were to equal to wealth, the workers would be richest.

I think the biggest "secret" is that there is no secret. Most people got financially comfortable through a career of hard work, paying off a house and simply enjoying life along the way. Others set up a business which is much harder and more stressful, but they get to keep more of the profits along the way. It's important to learn as much about finance as possible when you're younger, read lots of different books about people who successfully traded on the stock market and it will open your eyes to the vast amounts of wealth out there - along with how to capture some of it for yourself. The trickier you get when it comes to finances, the more likely you are to get caught up and ultimately end up paying penalties.

If I were you, I would also seek advice from people with real-world experience rather than going to a certified financial advisor. Because in my opinion, they are just trained experts but only in theory, and most are not people with outside practical experience. I wonder, if financial advisors are really good at managing their finances and can give advice to others, why haven't they become rich yet? I'm not saying their advice is completely useless, but the advice of those with practical experience will be more effective.

As I expected, no one will share his secrets here in a public forum. There are no secrets in the sense of secrets that can be hidden from people, but there are things that some people master and others do not.

Likewise, there are opportunities that come from which some benefit and others do not. Also, these opportunities may be good for some people, but they are not good for you. You have to wait for your right opportunity only. You may have your opportunity, but it has not come yet, so you should always look for the right opportunity and invest it in the best way when it comes.

1. Obey taxes, this will save our finances from fines
2. Avoid debt at the Bank for purposes that are not so important as buying a car.
3. Simple in this lifestyle will make it easier for us to interact and not attract the attention of others.
4. Saving doesn't mean stingy, but setting priorities before spending money is wise.
5. Investment, in any form investment is the best way to keep the value of money maintained.
6. If business people try to be honest, this will put the business towards rapid development
7. Sharing a little money with less fortunate people, will make us feel happy.

I would probably prefer to refer to it as tips for achieving excellent finances. Commitments made in the beginning should be held firm, unless there are things that force us to cancel our initial commitments.
Actually building this kind of thing is something that looks easy, but when doing it is very difficult. There are many factors that we must consider in detail. For small things like the environment alone it will have a big influence on our journey. I am reminded of a term "if we gather with perfumers, then we will become fragrant" and I think this also applies to the situation of someone building something we want to achieve in the future.

Of course, it's their problem, but you're not them, you don't know why they got into that situation. It sounds easy to say, but many children born into poor families have to drop out of school from grade 3 to help their parents earn money or have to drop out of college midway because of an unexpected event that happened to their family...millions of difficult circumstances that never seemed to exist in this world. If you have the opportunity to encounter such situations, you will understand that not everyone is fully educated or everyone has a smartphone to use.

This world is colorful, we only know what is happening around us but do not know what is happening in many parts of the world, so it is difficult to judge anyone by our thoughts.

Like others here, I don't think there are any secrets. Sometimes people find exploits of some systems and thus get much more money than they were supposed to. Sometimes people are born into wealth, which makes it much easier to become even wealthier. And often it's just a lot of luck, managing to invest into something that turns out to be highly profitable. One can gradually work on improving financial situation, but a lot still depends on the person's initial social status and other circumstances that can play for or against a person. But what is important, IMO, is to not get overly obsessed with the financial side of things, ignoring that there's much more to life than money.

I personally think that when a person is rich there is nothing to hide about it because it is natural that people will talk about it. There is no secret formula to get rich all you have to do is invest money. By investing that money you have to work hard then success will come in your life. If someone has a secret, it is better not to reveal it in public.

I don't know if everyone has any secrets, but I myself have a stable life and a good income, but I don't have any secrets. Other than working hard, always seizing opportunities and being willing to take risks, I don't know any other way to become successful. For me, taking chances and taking risks is something that I am always ready to take.

For example, many people try to prove themselves right by only investing in bitcoin and ignoring altcoins because they think they are trash. But for me, the opportunity to profit from altcoins is huge despite the high risk, so I have no reason to ignore them just because people ignore them. To be honest, during the bull season 2021, I made huge profits from altcoins, but many people stubbornly ignored it.

In my opinion, the secret to finance is to take a chance and step out of your comfort zone to explore bigger things.

Yep, right, that's what I was trying to do on my first reply, asking for an experienced forum member.
However, I think both are equally important, it's true that an expert is more theoretical, but that's not bad. People with experience may life through a bad financial decision and solve it, but most of the time they wont be able to explain the 'why' and 'how', an expert eventho they are maybe not actually experienced what they say, they most likely will be able to explain the possible action and what will be the risk and benefit of the action they suggest.

Every person has financial secrets and struggles with lifestyle decisions many people have a lot of money but don't use it. And for this reason it is necessary to invest money otherwise, as the value of money decreases day by day, it will worsen your financial condition at some point. It is impossible to move in any specific direction without a goal. Although there are many things in life than money, you should keep your goals in mind. Setting a goal is easy but consistently moving towards it is difficult. But it is not an impossible task it is necessary to move slowly towards certain goals and monitor your progress all the time.

I think secret things will no longer be secret if they have to be told to other people. So it's better for me not to share my secrets about my finances with other people.
I'm just kidding  ;) because actually there is no secret that I can tell. because I am still in the process of increasing my financial. and have not yet reached the stage of being rich. And in managing my finances I still only use general methods that are also widely discussed by economists.

I thought it would be great if the question was about important tips we have for increasing our wealth that not many people know about.

Someone gets wealth in different ways, there is by trading, doing business or in other ways. So if asked how we get wealth then there will be many versions that will be explained by each person who sees this post.

I personally prefer to buy a house using cash and will not take out a loan to buy a house. If you take out a loan, there are many burdens that we have to think about every month and it will be quite problematic when our work is not clear.

Trying to save slowly or trying to invest bitcoin in a way that we can do. For me owe is not a solution to buying a house because we will be faced with much bigger problems when happen a layoff at work.

We know that on average 99% have secrets of life, wealth, economy, work and so on, 99% of those who post here about their secrets are not published and disclosed and are not true, just look at their account names are kept secret what else is wealth, it really can't be disclosed here, it's all private, if that's your question, I'm sure you'll get bullshit here.

You shouldn't ask people's wealth secrets here, what you should be asking is: Bitcoin secrets maybe it's better to ask.

Choosing either buy house via cash, credit or taking out loan is depend on each person. Either of them aren't financial secret because you're spend your money and it's one of the most important spending aside food.

Well avoid to pay tax by taking advantage over tax haven country might be one of financial secret, as long as you can do it smoothly and you're unethical person, you can do that.

Maybe some of other financial secret are:
1. Corruption
2. Steal someone money through phishing site
3. Create a shitcoin and shill it everywhere, then run away after there are many investors invest

People who have reached 50 years of age have obviously had more experience in life and you can't go wrong by going and asking him about how to handle finances in life. Because he will definitely tell you about the failures and successes he experienced when he was young with the trials and challenges he faced in his life. So you can draw conclusions from what he says for you to use in your life even if you don't have to use everything he says because past experiences don't all match up with the present.

In this day and age hard work is not enough to make someone rich, because besides having to work hard, one also needs to work smartly to optimize his income in life. Now is the time like that, so everyone must be able to rely on himself to be able to adapt to the environment so that we can work more comfortably to achieve a better income in life.

How much money you have should always be kept a secret from others. And everyone has some privacy about their personal matter so everyone should protect that privacy. An ordinary person never dreams of buying or building a house. A person thinks of buying a house only when he has the money to buy a house or if he buys a house with a loan, he thinks of buying a house after paying off the loan. And banks won't give you a loan if you don't have the ability to repay. Before giving you loan, the bank will check your work status or your monthly income or what kind of property you have, the bank can give you a loan for building a house. Whether you are building a house by borrowing money or building a house with your own money, you should always maintain some of your secrets.

Kinda depends if you're really earning something, but I gotta agree on ya at some degree especially when dealing with family members. Some toxic family would milk the shit out of your finances when they knew that you're earning a lot especially if it is a passive income. It will just keep going on and on until it becomes more of a liability now for ya rather than anything else.

This is why in social media I tend to not disclose what role am I working and where. Once they knew you're working for a tech giant company, you're more than screwed, lol. :D

Which family? I have never seen such a bad family.  what you said shocked me, and I hope you don't live in such a family. however, if you are talking about having to take care of your parents as a burden, then you are an unfilial child.
On the contrary, I am working hard to take care of my family, and they are supporting me as much as they can.  Because I think that without my parents, brothers, and sisters, I could not grow up and have the life like today.

The principle of money, we are to earn money and invest it on profitable assets, we should avoid waste of resources and maintain adequate spending of money on things that are of value to us, we need to avoid much spending on liabilities and stay focus on what we do that give us profitable benefits of investment, there are some risk we are not expected to take, because they don't just deserve such, don't also spend from your investment money.

Work to earn.
Shop as needed.
Avoid debt.
Avoid gambling which can become addictive.
Investment.

It's no longer confidential because I said it and what I said above is not financial advice. Management and strategy is in each of us.
There are no financial secrets other than ways and strategies to get rich.
Income earned from work must be well patterned. If one car is enough for a family, don't plan on buying two.

No matter how people say there are no secrets to success, there are secrets not everyone who succeeds will actually tell you the secret of how they did it. They will say some very random and general things like work hard and work smart. We know that the secrets to wealth isn't always about hard work or working smart. There's the elements of luck, the is the elements of the right timing, lobbying the government, being the first in to enter the market, the country you leave in and do business in and many more.

I think poor people doesn't have anything to hide in terms of finances but many rich people have secrets. It can be that they obtain own their wealth in an illegal way. It was also the poor who struggles the most when it comes to decision-making relating to money. Like for example if they will buy this thing or not because they will be left with nothing later.

Moving in any specific direction is not impossible if you have a money. Having a goal is only optional but again it was mostly the poor who has it before they move. They don't want to waste their money going on some places without any real reason. Yes there are other important things in life than money and we can have them as our own goal.

Maybe this might not lol like what we can term a secret but I feel they are simple things we can adhere to making us rich if we have the discipline to abide by it. Those who under what it takes to be a successful man, they understand that a lot of discipline is needed rk keep sustaining what we do and how we intend to grow our business. If we ask successful business men how they were able to gain so much wealth, some of the things we are going to be hearing are not going to be different from what we have been hearing about how to be successful.

Not exactly a secret but I would recommend anyone that's young to start investing their funds in their 20's instead of waiting until their 30's or later before you begin thinking about a retirement portfolio. Funds invested early will grow quickly over time. You cannot have your savings consist of currency alone. Over a number of decades, you'll be losing half of your purchasing power guaranteed under good economic conditions. If current inflation trend are any indication, you'll be losing a lot more.

I still lean more towards the more experienced, but if you can, you can combine advice from both to make the best decision for you. But in life, there is no better piece of advice than experiencing it all yourself. So that's why I rarely seek advice from others, and I find the answers myself. I mean, I will always take into account the worst case scenario that I will face and if it fails, I will try to start over again until I succeed. Because everyone's life is different, sometimes what works for them may not work for us.

I understand there are many kids out there born into poor and toxic families, I'd say it's what it's and not every person can become rich. When I was still in school, my teacher taught me if we can't work under someone else company, just start a business and if it's become big, you need an employer so you can open a new job for the unemployment.

It sound cool and when I get older, it's impossible because not everyone is used to be a businessman and if everyone become a businessman, who will buy the product? Not all people can win in this world, not everyone can become rich, we need to accept it.

If we pay attention, most billionaires and wealthy people have investments, and it can be said that investing is the best path to success. But investment cannot guarantee profit, it is only a means and we gain or lose depending on our ability. Investing is the path that brings the highest returns but also carries certain risks, so always have the right knowledge and perspective on investing. But I would object to the idea of investing if someone puts all their money into investments without any savings. Saving in the long run will be useless as the currency depreciates, but it is necessary for emergencies, so don't ignore it.

You are really different as you are kind of discovering it by yourself, whereas for me, I always ask for advice, but again, I do not take that advice and also discover it on my own, but that advice is really helpful because I can see what the outcome is, which I do expect. You're right, experience is really the best teacher in the world. That is why most of us only learn a thing if we have already experienced it, as that is the time that it will go deep in our minds, which is sometimes good and sometimes bad.

I agree with number 1 and 3, but 2 should be a little different. It is true that we should be investing most of our excess money but not having to save any of it will be hard specially during unexpected circumstances. There are instances that we will be needing money right off the bat and since all of our money are outside for investment it will be hard for us. Instead, I think it will be best to have both savings and investments.

The two questions above are interrelated, now for the first, in my opinion, if you already have a permanent job or not, always be selective with expenses. This means calculating the budget plan for this month's needs first before setting something else out of your total estimated salary. If it's later, that's fine. if those who haven't and are still free line, the pattern is almost the same.

Now, to buy a house by taking a loan, I think it's okay, but for the second time I say, make sure there are other positive pay items that can help with the monthly bills later. But, if you have savings, try not to do that, or you can build a house if you have your own land, with an estimate of five being divided into 5 stages. Long but sure. The first year for the foundation, then the second year for the structure, the third year for the roof, the year for completing the installation and the fifth year for finishing.

If there are no big expenses, then there may not be much savings, and in extreme cases it will be possible to sell part of the investment. It may not be good, but bitcoin can rise and we will get more money, and this will only be if we need a lot of money, but often small savings will be enough to cope with current issues.

Yeah, but did you buy back your 10 BTC, yet?

There are a lot of ways to dabble around with the accounting in order to say that we made a lot of money, but are we really being honest with ourselves?.. also think about short-term, versus medium term, versus long term.  Sure.  I am not saying that whatever you did is not working.. but do you have BTC?  That's where it is at.. especially if we look at BTC as an investment from a longer time horizon... say for example accumulating BTC in 2018-2020 (or even before that) and being able to mostly HODL those accumulated BTC (perhaps even continuing to add value to the stash/stack) through the next 5-10 years or longer.


You are not technically wrong, yet I am not sure if you said that correctly.. because beginner investors (who are not gamblers) might not want to take a lot of risk with their investment(s), so they might be trying to consider how to NOT put their principle at very much risk, so the very first investments that anyone might make might be moreso considered to be savings rather than investments, so dollar accounts with interest or bonds, and once they get their dollar related investments (savings) up to a certain level then they might be ready, willing and able to start taking more risks.

Sure there are some folks, including younger folks, who might not adequately consider the risks, so they consider investing as a kind of gambling and they enter into various risky investments while mostly preparing for UPside price movements and not really adequately calculating and/or considering various downside scenarios.

So, yeah maybe we might call the beginning of investing into more risky (rather than safe) assets as a kind of diversification, and whether they might start out with stock market index funds - which are also considered to be safe, but maybe there might be some desire to go straight into bitcoin?.. but still having dollars and having bitcoin might be a kind of balance, and if there is also equities in the mix, then there might also be some questions regarding how to invest small amounts at a time, and bitcon allows the ability to invest small amounts at a time, but if you ONLY have small amounts to invest, there could be some problems to diversify into the investments. so it may well be better to stay somewhat concentrated, rather than diversifying, but still the level of concentration versus the ability to diversify (to the extent that it is even necessary or advisable) might still be questions regarding how much risk that you are willing to take in regards to how you are already allocating your investment into something like bitcoin versus cash/bonds versus index funds... and sure other categories are property and commodities, which are even more complicated including the need to have higher amounts of capital to even be able to invest into some kinds of property and/or commodities products.   

I don't believe in diversification for the mere sake of diversification, but I do believe that if you start to build an investment portfolio (such as in BTC and cash) and the BTC portion starts to get quite large such as equal to a whole year of your living expenses or even 50% of a whole year of your living expenses, you might want to start to consider whether you might need to diversify beyond merely apportionments of bitcoin and cash... and if it might be less risky to have some other kinds of investments (and not referring to shitcoins) but maybe something like index funds, property or gold, and maybe there is no need to buy property until you have 3-5x of your annual income saved up in your investment portfolio..

....and the weighing of these kinds of needs to diversify for the sake of lessening risk are likely going to differ between individuals and their various individual circumstances including but not limited to their cashflow, how much bitcoin they have already accumulated, their other investments (including cash reserves), their view of bitcoin as compared with other investments, timeline, risk tolerance, and their time, skills, goals (investment/lifestyle targets , which includes figuring out the extent that they are in BTC accumulation, maintenance or liquidation stage) and their abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

What you say is very different from some of the cases that I have found in my environment so far, where some people are able to make big savings because they don't make bigger expenses so that any income they get every month can be directly saved with a larger amount than they will use for consumption every day.

But if what you're saying is to save Bitcoin so as not to sell it at a lower price, I think it would be wise for everyone to look at other options if they want to actually hold Bitcoin for the long term and don't want to spend it on a whim to fix a small problem. Because it would be very unfortunate if they had to sacrifice Bitcoin just to solve problems that are not so complicated in their lives.

Secret will be always a secret, whatever it is.  there is no need to tell others if we are willing to have or keep secrets of that something.
And if we are telling here, it means that We betray our own choice to tell the secret even though we might not know each other.

The choice of keeping a secret may differ from one person to another. There are some who think that it is enough for them to know if they have just bought a fairly decent amount of Bitcoin. But there are several other people who want to tell about the purchase for several reasons. And this is not wrong, depending on the choice of each.

You can also put some in your savings account so you have back-up in case your investments go sideways.
So for me, saving is still a must for emergency purposes. Remember, you can't cash out your investments right away if for example it is in real-estate.
And if you can't have a job with good salary, you can always find alternative or side jobs to augment your income.
You can't dictate where you will land a job, so just strategize on this aspect. And definitely, being practical on things will help you save a lot.
And do take note, the term "rich" is a subjective term for me. You can feel "rich" even if you have no luxury items, but on the note that you have no debts from anyone.

The majority of those trying to look for secrets in order to gain wealth as fast as possible end up encountering the exact opposite and instead lose the majority of their money, anyone that wants to improve their financial situation will have no other option but to do it the old-fashioned way, which is to become way more frugal, save money, increase your income, invest in solid assets and then do this for decades, it is not easy but if you can do it then your golden years will be very pleasant and worry free in terms of money.

Everything that was said to be a secret has to remain secret and once it's exposed it's no longer a secret.
What I learn is that there's no longer a financial secret again in this world but people are just too lazy to face the reality of financial freedom which always comes with a prize to pay.

I understand and do agree that secrets are indeed secrets that should be kept to oneself. However, I think what OP is referring to by using the term is secret is not necessarily secrets that should not be shared but tips or advice from personal experience that we know in order to earn more. The word secret here is basically a term meaning "tips" or "personal advice".

If to say rich at this time, financially I have not touched it. But you could say that now financially I have enough. Despite my achievements so far, I haven't actually used any secret techniques or extraordinary methods to manage my finances and earn money. Maybe the method I use is the same as that used by many people. Like thrifty, saving, and investing. Maybe these three factors are the main basis for me being able to manage the money I have. Then for work and business matters. This is what I usually do and I always instill it in my mindset. The point is never give up, always enjoy the process, and must continue to have motivation and innovation. Broadly speaking, this is what I have instilled so far. So in essence, you must always have a goal in every job you are doing.
These goals don't need to be big right away, but start with small goals first, which are according to your abilities or thoughts and beliefs. That this goal can be achieved.

I personally would not do that. Because borrowing money, in my opinion, has a big risk. Moreover, borrowing the money from the bank, you will definitely need a property to be the collateral, and is accompanied by interest every month. So to be able to buy a house, it's better for me to save or invest first. Instead of directly owning a house, but the result of borrowing. Because even psychologically, if you have debt, it will definitely affect your work performance. So therefore, I will not take that step (borrow).

Thats right the OP basically wants tips and tricks that come from reputable people. We know that it is different if we just google it, as the result is very vague. If we ask in the forum, mostly experienced people will answer and give tips on it. Though there are secrets that are not totally secret, they are just hidden stuff that will only be revealed to worthy people. For example, if your cousin wants advice on making his business successful, you'll tell him, but to others, you won't.

if you want to become wealthy person then I know a way that very effective. that way is study and gain knowledge. if you learn and become a doctor then people will pay you for your service, if you want to build a real estate then you should have knowledge about it. There are many ways beside this that also effective, some people tell about the power of giving and etc, and I believe it. but the most logic way is by gain knowledge.

It's absolutely true that it wouldn't be a Secret if it could be revealed and shared with everyone. Secrets become secrets because no one shares them openly. And only tell it to those we can truly trust. And I agree that currently there are not many hidden secrets in the financial world. Unless it's from behind the darkest side of this world. Which I really don't want to talk about and certainly don't want all of you to hear. Because maybe you also actually know what the dark side of the world is in various sectors. be it in economics or in politics.

But to be rich today there are many ways that can be done. as long as we are not lazy to learn and innovate. Must have different thoughts from other people. Remember the best business is a business that no one else has thought of. Meanwhile, a business in a field that has been thought of by many others must have had many competitors. So start innovating and making new discoveries in the field of business that are most needed by everyone but not many are aware of it. thinking out of the box is one of the common secrets that many people who have now become successful have done.

I just buy (DCA) Bitcoin and keep holding it in my own wallet. This is my big secret that my friend already doesn't know that at past. Several years ago when I bought Bitcoin at a very low price, I got multiple profits when the price growing up hundred % from I bought, so my friend thought I won the lottery when I bought a new car. I didn't say that if I trade my bitcoin, I just said that I got a bonus from the company. But after that, I tell the truth if I just hold bitcoin at past and got profit after that. He was surprised, and want to learn bitcoin. Now, he uses my way to increase wealth like me on the past.

They can share their secrets and honest with you, I believe secrets in trading to succeed are not secrets at all. They have common basics and it's only challenge for each investors to beat themselves. If they can win against themselves and common faults of investors, they can succeed.

Like you can read a book with successful secrets, will you succeed with your investment? Will 100 other people will succeed too?

Very little people will succeed because they can not beat themselves, not because they don't know about successful secrets.

DCA sounds easy but in reality, very hard to do.

You can buy bitcoin, accumulate it in many months but will you be strong enough to hold your bitcoin or will quickly sell it when you see a price starts to break out and increase like 20%?

DCA is a start but later you must hold it and take profit well too.

The wealth secret are no longer secret anymore as those information are now open to the public and it depends on how determined you're as an Individual to seek wealth. If you pursue wealth you'll finally get it but when you're reluctant you'll chase away wealth. Money has a spirit and those who can control it, money gets attracted to which is why the rich keep getting richer while the poor poorer because they don't yet understand how money works.

Investing is the way to getting wealth, when you invest you put your money to work and there's nothing money loves more than working and giving his master profits. Where to invest is the secret that was held from us for years but we have the opportunity now with Bitcoin.

Investing also has risks, it's true that investing is a great thing to increase wealth but it all comes back to the type of investment and almost everything has risks and it will be commensurate with the possible benefits.
But back again with the secret of one's wealth, I think everyone has their own portion and the subject of being rich is the desire and opportunity that many people have to be able to get it and almost all rich people in this world have different ways to achieve it.

There’s no secrets since saving and spending below your means is a general concern for everyone if you want not to live in debts and regret it. And while you’re on the process of saving, know that you save not just for your future nor for emergency funds, but also you need some potential investments too that will give you additional profits especially when your job is not stable and anytime you’ll gonna lose it. So save and invest, and maybe in the future you’ll gonna experience some life changing moments or opportunities.

You are right, lazy people who spend their time searching for the recipe for success will sooner fall into the traps of scammers than find what they need because there is no secret or formula for us to succeed quickly. Indeed, to become successful and rich other than working hard, saving and investing, I can think of no better solution. Don't just look at someone else's success and think it's easy, try to find out what they've sacrificed and gone through to get there. Because there is no success without trade-offs.

But isn't there more to the inflation > interest rate equation? At first glance some people might deem an investment in real assets in this inflation > interest world to be a 0% or low % risk investment like arbitrage, but in reality that isn't the case. When inflation outpaces interest rates, it is quite risky to still take a loan and invest in already inflated real assets. Otherwise, when inflation > interest does not yet exist and you are among the people who are first of those who adjust their expected inflation, it can make sense to take a loan and then take profits in a timely manner as soon as inflation > interest becomes reality. Because those who take loans and think they are making a smart move because they buy inflated assets at interest rates being lower than the inflation rate, can quickly run into liquidity and depth shortages. That is why the real estate market might soon crash again and we can already see that with luxury watches and several other items that one or two years ago were deemed almost bullet proof short to midterm investments.

Eventually, it remains a gamble to a degree. It is good when someone exploits the situation and makes money off of it. But analyzing the economy and finding that inflation > interest holds true is also no 0% risk environment. Those who bought those watches two years ago are stuck now most of the time. Not only do the inflated prices fall, but also (logically) the demand is drying out. Some told me to have a look at watches as they were themselves looking into it and now they put their activities on hold.

In short, when inflation is already much higher than interest rates, it is usually too late for most people to take the gamble because it is likely that economic policy will be adjusted to close the gap between inflation and interest rates and when inflation is so high that everyone is already able to discern the discrepancy between interest rates and inflation rate and conclude their could be potential for financial gains, that potential has most likely been exploited by higher net worth individuals and professionals long before the gap became obvious to everyone. Economies barely are in a steady state and there is also incentive by powerful lobbyists who can steer the economy into a certain direction if they have loaded their bags already. :(

But this in general and the example of the watches lead me to the diversification part...


I think that all assets carry risk, but what also counts is individual literacy in a topic and, after all, one's own conviction of an investment. Watches in my opinion are one of these things that are very far from guaranteed to go up in price for many years in a row or even a decade. This is my opinion. Bitcoin, in contrast, is an infrastructure technology that stood the test of time already and when I had to choose between a very expensive watch, a decent real estate or Bitcoin (all equal amounts) in times of high inflation (and even interest rates being lower than inflation), I would go with Bitcoin in this very moment. Watches can turn into a highly illiquid market, so can real estate, but Bitcoin will at least be liquid, I have a real time reliable indicator of its price (which is essentially always lacking for real estate because prices develop in a delayed fashion compared to the overall economy) and I am convinced that it carries almost infinitely more upside potential than real estate or watches.

For me diversification would currently mean building/adding to a stack in Bitcoin at regular time intervals as it also comes into play that far spread diversification isn't cheap. You are not diversified when you buy 2 Bitcoin and a trash real estate for the same value only for the sake of holding two different asset classes. Whereas a real estate giant might very well feel diversified when investments go into different types of real estate. Luxury, mainstream, city center, countryside, ...

The age matters a lot. I can tell from the people that I talk to, the younger they are the more they are willing to take a gamble in crypto and also the less they are willing to put serious effort into learning about it. But I would be lying if I said that I didn't improve myself over time as well, meaning that I also was a bloody beginner at some point underestimating risk-reward ratios a lot (or not care about it too much I guess?)

These points will surely play an important role in your success as those people who limited their expensives due to limited salaries are responsible person of their families and will sustain satisfied life with little amount of income.

Some people copy others without their own investigation and thinks that they will earn good sum of money but they follow wrong way which they realize after lossing their own money so I will suggest to always have own investigations and don't follow everyone even he is your close friend.

Saving is consider as wasting for those who did not visualize hard situations in their lives and have lots of money so when they realize the reality they will not say this type of words again.

Actually when we talk about secrets and are told to share then it is not a secret anymore :D
But in this case some things that need to be considered regardless of the secret or not actually we seem to know what to do such as manage your finances well and have several plans so that you don't just focus on one plan, prepare your emergency fund so that you don't bother with unexpected events that require money, Invest if possible, Work hard and always be alert in utilizing momentum whether it's in the world of work or business and of course avoid debt because it can make you even more difficult.

These things are basic, it's just that we sometimes don't pay too much attention because we only focus on how we can live a decent life but don't really want limits.

Totally agree with these points on which it would really be something that would really be helpful for you to follow,even though this wont really be that easy because if you are on such situation then it
would really be that hard for you to follow these basic steps or you would really be derailed with some factors along the way on which it would really be making yourself that fail on following with those steps.
There's no secret about financial management since lots of books or even common sense would really be enough on what you should gonna do, specially on financial management but not all would
really be that successful on making yourself that able to control or apply these things on real time. This is why we do see people do experience success and there are ones who doesnt have
any progress at all and some do even go become that wrecked out because of bad decisions that they had made along the way and this is why it would be that recommendable that
always set out limits when it comes to possible problems on which if you could be able to hold on and sustain then this is the best thing to do.

I don't have secret tips or certain ways to be rich. All of them are common ways, everyone knows it very well.
- To increase our income, we need to have more jobs
- To decrease spending, we must limit the budget to use
- To use the money wisely, we need to use it for necessary things only
- If we have free money/excess money, don't put all of them on banks. It is better to have investment, there will be potential profits in the future.

That are some ways I always apply in my life. There are many other ways, but I think they are the most necessary ways to know. But I assume all of them are just common ways that everyone knows it. Anyway, what is your secret, dude? You should tell us first before you ask people's secret.  ;)

It should be better to buy with cash, with our own money.
Buying homes with loans will burden our financial stability. Moreover, if we have no steady job with a stable income. It is better to avoid buying a home with loan money.

Even when it comes to sharing the secret with only the people we trust the most. If the information is shared between more than 3-4 people it's no longer a secret because there's huge chance of someone among the 5 people to share the information with wife, sibling or friends. That's why we see today where the secret of some secret organization leaked online.


I believe it is easy for everyone in the early 19's to understand what you mean by the dark side of the world and for the financial world. There's truly no much hidden secret but people looking for the easiest way or greedy way of earning.

I agree with what you said here and this is why i like the idea of attending blockchain event where people gather for opportunities, new ideas, partnerships, sponsorships, etc. They help to know what people are currently doing and what is missing which will help to create the thinking outside the box.

Just invest in yourself. Just that simple. Everything you do will always reflect on you. So if you’re into success or not, it’s all because what you have done to yourself. So invest in the best of your ability and skills. Improve yourself to the best way that you can. You’ll be surprised one day that you are now living your life to the fullest not because you have some wealth secrets but because you invest a lot in yourself that made you who you are today.

I don't think there are any hidden secrets to wealth, like hidden recipes of a good meal. Of course there's are factors to being wealthy but they can't be categorized as secrets. There are things you should do like working hard and smart, not giving up and the rest.

What worked for A will not necessarily work for B. So if you want to follow someone else's textbook then you might fail even though you followed the path of someone that was successful.
There are those who risked it all in an investment and became successful while there are also those who risked it all and became poor.

Many might not believe this but most religious people's secrets to their financial success are tithes and donations.  Since they believe in the promise of God written in the bible.  But on top of these, I believe the secret is how one manages their finances.  If we have lots of incoming money, but failed to manage them correctly we can still end up broke.  Money management I believe is the secret to wealth.

There wasn't some kind of secret I guess, of the things that I learn that I think are a good thing when it comes to your finances is just don't buy things that you can't afford to buy. I mean it's actually easy to save and invest your money in my experience, but the problem is just we are getting carried by buying things that we can't really afford in reality. If we are going to budget for example our salary we could easily budget it so bills, wants, expenses, food, etc. if you have money to buy something that you like nothing is wrong with that but some people just buy something that they can't just afford resulting in dept.

Also, your gonna need to keep track of your expenses and write it down into something like a list. We notice some people for example have a 100k$ and then instantly just lose all of it without even knowing that they already don't have enough money, it is just because they don't keep track of their expenses they just continue to buy things that they wanted. When I started keeping track of my expenses I easily realize when I already overspend or still have the money to buy what I want.

I don't have any secrets and to be honest, if some people around here indeed have some secrets which help to accumulate money I doubt they would reveal them out of the blue just because you asked, OP.  ;)

It is a matter of common sense, I think. It can be better to do your own research and even get some professional financial advise if you get it.

There people out there in the economic capitals of the world, whose work is to manage money to take a good cut of it. Consider that.

I dont think there is secret or maybe there is a secret but I still don't know it yet.

The thing for sure is we need an investment so we can fight against the inflation rate.

Look at this chart

https://www.talkimg.com/images/2023/07/28/Qr8ra.md.png (https://www.talkimg.com/image/Qr8ra)

is its like an invincible monster our money year by year will never the same as couple year ago.

so the secret sauce is keep working I'm afraid and doing an investment at least in future our investment can help us

Here are some of the financial secret:

1) Don't depend on one business: Those that depend in one business in the country find it difficult to grow higher when something negative occur at the moment because they don't have alternative to move on with another business.
2) Savings is another financial secret that can help people to grow financially and materially, because when you save money, it will be very easy for you to buy Bitcoin when the price is low in the market which is the best season many potential investors used to buy and hold for a better future.
3) keep off bad company is another financial secret that can make you to set up many businesses around your environment that will make you not to lack anything in the future because bad friends will never advice you to do good thing.

Keep working no matter how small you may be receiving,  no situation, no financial level is permanent as far as you are still consistent with the little things you do to make money you will definitely grow in it.  Do not give up on your business or skill , go harder.
Prepare yourself for opportunities because opportunities will always come your ways, be conscious with the manner how you spend money on things that are not important and taking loan should never always be an option to solve problems,  instead their should be need to generate income . I believe in working hard, doing the right things when it comes to spend money, and get prepared to meet opportunities.

That's why it's called a secret right, because once people acknowledged that method they are doing for earning money for sure it could be an competition. Still I think that those methods that they've discovered is from exploring and risking their assets too so that could one of the reason for them not to reveal it. With or without financial advise if you are eager to learn and earn you would always find way to profit. Were already in the era of the internet there's a lot of advices and techniques online why do you think despite of the information online still some people doesn't become successful? Because it's still depend on the person on how they manage their financial. Even those government officials whose corrupt which is illegal they won't even reveal it to the public lol.

What I know is the formula is process and hard work in forming self-skills, so that we are needed not offering ourselves. When we live and grow up, looking for wealth is not an easy job, moreover there is no financial support from the family and we find many things after going through this long process. Not everyone is lucky to get rich in the same way because different people have different ways to generate finance.

The main thing we need to do is know our own character and where the place is suitable for us. Everyone has skills but they need to be studied to find out, when this can be recognized then we will work in the right place and in the end it will be easy to achieve financial independence or wealth.

Consider what can be done and continue to practice the skills we have, wealth is not only found in business or investment. There are many people who are able to make money just by creating one technology or application in a certain field, wealth is unlimited and people can earn it when they know where the position is suitable for them. That's why we need to recognize the skills we have, so that it's easier to implement and try to set the success targets we hope for.

I just remembered something about not sharing secrets. Before, when you ask someone who is earning online, they are not sharing information on you; they are telling an alibis or they will say it is secret, which means if it is revealed, there will be competition on it, and it is possible that they can lose it. That is why it is kept secret, as the risk of this for them is huge. They can only give tips, like they will research this, but they won't tell you the right method on how to earn that way.

There is a sense in the religious inclusion that you have made and it is very correct to say that if you look at the bible where God promise the benefits of giving tithes and offerings which is used to maintain the temple of God. So many religious people understand and follow such doctrine having them to believe that once they keep to that, every endeavour to go into will flourish. If this is done then a little water can become an ocean after all God used 5 fish to feed multitude of people. The miracle of the old still exist, so managing your fiance is not just the issue but being properly guided.

I know only one secret. I will share it with ya. This is not a "secret" kind of secret. But more likely a piece of advice that most people won't tell you. The thing is, have friends who are successful. If you have an idea that you want to make and business out of it, then share it with those who are successful. Those who are not successful, they will never be able to give you good advice. Most of the time they will find the negative side of your idea and discourage you. Because they lack experience and this is very important when it comes to getting success.

And one more thing that I want to add is, always have spare money in hand for investing. You will never know when the opportunity will come. So don't miss out on something just because you didn't have that asset to invest. This will help you in the long run.

I've come across cases like that in an association in the past where someone who was already successful by becoming a content creator on YouTube didn't want to share his knowledge with friends he often hung out with at that time. I considered it very stingy at the time, but after knowing the real reason I also began to realize that everything related to income or money would not be good to be disclosed openly to the environment or to the people around us.

Because competition will definitely be formed when there are already many people doing the same job at the same time, so someone who doesn't want to provide specific methods for other people in terms of making money online is someone who wants to be wise with himself so he tries to replace things that with a better tip for those friends to learn from.

You guys are all right, there must be a double check approach to ensure that what we do is making profits for us and we should ensure that we back it up with the two significant suggestions which is the religious tithing believe and the business ethics models and principles of running a successful business, career and enterprises, when we see things are working out the way they ought to be, it's a clear indication that they are doing what is meant to be done for the required outcome they see in whatever they do, they wouldn't tell anyone about their secrets except you ask.

I'm not going to argue with this because there are so many religions that say the same thing, but regardless, I think it's true that helping others by giving if we have excess is the right thing to do.
But that doesn't mean we have to give and expect the promise that has been set because we also still have to keep trying to manage our lives better.
Don't let when there is something like that in our own religion, we are very resigned because we have received a promise that when we help, we will get something in return because I don't think the concept is like that.
Helping is a must if we are able and we also have to make ourselves better in terms of financial management so that we can get the goals of what we hope for and we cannot realize that if we do not start with good planning and management in our finances.

Fuck shitcoins.

Learn about bitcoin first, and if you still want to play around with shitcoins, after you learn about bitcoin and after you have already established your bitcoin stake, then surely make sure that you do not overdo your allocation into shitcoins and realize that you are gambling a lot with them... and bitcoin is already risky enough and shitcoins are correlated to bitcoin, so starting with bitcoin first and building up a bitcoin portfolio first would make sense also in terms of attempting to avoid having shitcoins dilute your bitcoin investment.

Every human being varies in life even the identical twin varies in their body build and also their characters and actions and that's why same action doesn't work out all well for everyone. Just like you said most people tend to think that there is some big secret to life and that's why only a few set of humans tend to be successful. Well I think to be successful is pretty simple although they are some factors that may hinder you but in overall it's quite not hard as life itself comes with basic principles and only few actually go as far as understand the simple basic principles to life which is feel one of them would be a focus and hardworking mind. A hardworking person would always have an upper hand over a lazy person and moreover it's always the lazy ones that think copying other people way to success is the only option.

You are absolutely correctly sir!
But most time or do call it sometimes there are people who loves immediate profits without having to study about bitcoin first having the mindset that they could make more by either buying and holding altcoin or by just buy and stake their altcoin without knowing that they all depends on bitcoin for a faster growth. That is, without bitcoin having to move in percentage respect to price changes there isn't a way altcoin would swim very faster to give them the expected profits needed to make from it.

Altcoin as said are just waste of investment or lemme call it gamble as you do say because most of them hardly survived the bear whenever the market seems very heavy for those shitcoin to scale through what they does is to pause and remains stagnant meaning at this point the investors or projects owners has removed liquidity from those shitcoin and before you could realized the balance instantaneously turns to zero amount, in returns for making a quest to diversify ones investment without knowing they are indirectly or directly involving themselves with gambling.

Apparently bitcoin should be studied very carefully before one could take a final decision to venture into it otherwise due to the volatility level might end being failed up with price manipulation over the time. So what needed is to devote time and study about bitcoin and give it a maximum of 4 years at least to meet up with its circle, meaning for one to enjoy the increase in bitcoin and fast growing also for profits purpose they most hold to meet the halving when the price spike to meet another ATH then they may decides to sell off their holdings if actually investor decides to sell.

Investing in shitcoins is like playing gamble which you can end up losing all the money that was invested put in. Shitcoins are very risky to consider as a serious investment, I think putting Bitcoin first is a good decision as investment. Bitcoin has it own risk but can never be compared to the risk in shitcoins ,  shitcoins should never be taken serious as investment but where to put little amount of money that if it get lose no need to get worried much. Making bitcoin as first investment is the best idea for investment.

LOL


I agree, Bitcoin is a sure thing, I do not understand why other people are still looking for scam coins to get profit.  Greed sure gets in their nuts, trying to get in a rich quick scheme where in the end they will get scammed and lose everything.  It is proven in the history of altcoin that many investors' funds got burned because they were trapped by their greed.

The secrets to financial success that I know of is that to be rich is that you have to be the first in everything and that is why you cannot underestimate the power of doing your own thorough research. People who bought Bitcoin very early, will or are living like kings and queens because they were early, the had the best information at that time. Secondly you need to see it when others are not seeing it. Do not be afraid to go against the norm and make a change or whatever that may make you look crazy.

It turns out that it does have some mix of luck because not all early does means or make out guarantees that you would really be living like king of queen when prices turns out to increase or value would really be

still questionable because it would really be depending on the project because not all would really be pumping out or does have the potential.Financial secrets? There's no secret because every point and known ways or methods are already exposed.It would really be just depending on how you would really be applying it and not all people would really be having on the same approach when it comes to things or actions
that they would be making and this is why we would really be seeing different actions and steps that they would be making.

Success wont really be a  guarantee despite on following those steps because there are factors on which it would really be affecting out your success rate on which you do least expect.
Somewhat you would really be needing to risks if you are really that serious when it comes to making profits or needing up such step.

Be inquisitive with effort, not every day we always succeed in our financial ambitions so it is better to study everything that will make it grow. Avoid things that you know will ruin your finances such as debt, and fancy things. Make progressive use of your finances such as finding things you can invest in. But always remember that even if we lose, don't lose hope in life's trials especially financially.

I think you have actually gave some vital keys and I believe they are also basic key for anyone to know and follow if he wants to see any kind of positivity in what he or she is doing and I will also like to add one which is never to actually get jealous of other people success rather it should be your source of motivation telling yourself you can make it like them since they also humans like you and always try to do things that will make you stand out from everyone because every has its own part to follow and most importantly a strong and decisive mind when it's come to saving because that how you achieve your goals.

This is true and I agree with you. Studying and empowering oneself with education and knowledge is a great foundation in ensuring financial success. The grind will be constant and so is the hunger for learning as the world continues to develop. Success and failure are also not markings for endings, but a sign for progress.

Of course, it does not hurt to spend some time studying the basics in regards to what bitcoin, is but one of the more important things to do is to figure out how to get started investing into bitcoin as soon as possible, so don't delay by researching, but instead start investing right away with a small amount of value (perhaps $10 per week or perhaps $100 per week or some other amount that you deem to be relatively small and reasonable), and while you are starting to invest, then start to spend time learning about yourself and your own budget and how to make sure that you are investing properly and that you are not gambling with your income.

Let's say for example, you have not been investing into bitcoin, but you have been working for 10 years, an you have an income of about $40k per year, and your investment portfolio is around $60k.  If you have already built an investment portfolio then it will be easier to figure out how much of an allocation that you want to put into bitcoin and whether you want to attempt to reach your bitcoin allocation quickly or if you might take 1-2 years to bring the bitcoin portion of your investment into proper allocation, and while you are investing into bitcoin, you can also study it.

Now if you are brand new to investing, and you have no investment portfolio, if you have an annual income of $20k to $40k (let's say $30k for the sake of argument) , you can try to determine how much you are able to spare from your cashflow in order to start to invest into bitcoin, and with a $30k income you should be able to reasonably invest close to $100 per week,.. but that might be too aggressive, since it would result in about 17% of your annual salary going into bitcoin ($5,200 after a year), so you might want to study to figure out if you are able to be that aggressive in your investment into bitcoin, so instead of $100 per week, you might start with $50 per week and while at the same time study bitcoin and figure out other aspects of your own finances and psychology - including potentially figuring out how much that you might need to pay off any other debts that you might have or if there might be any reasonable ways that you might be able to cut your expenses and/or increase your income...and continue to study bitcoin..

...but get started investing right away..and don't spend a lot of time studying prior to getting started beyond just figuring out some of the basics in regards to where to get it and some of the ways maybe to NOT have to pay a lot of fees, and you can figure out some of the wallet stuff as you build your investment amount - since it is likely better that you build your investment and then figure out how to store your seeds at a later date - including that we want people to hold their own keys, but if you are investing less than $100 per week, while you are learning and getting started, it could take several months before you start to feel that your investment into bitcoin is getting to be a lot.. and if you try to invest, 10% of your income into bitcoin, then even after a year of investing into bitcoin, you would ONLY end up having around 10% of your annual income in bitcoin... but during that time, you can learn how you are going to want to store your own keys privately, rather than holding your coins with a third party.

I am not wealthy yet, so I can't share any success story that might help others. Not sure where you from, but in my country, properties became so expensive that it's nearly impossible to buy anything with cash. Without a loan from the bank for the next 15-20 years it's not feasible to buy any decent apartment or house. There are so many new government regulations on energy efficiency in new houses and apartments that are getting renovated, many people need to take out loans if they are modernising their homes. Which means that most homes already have a loan on it and there isn't much room to borrow more money against it. In the past I also looked into the topics of offshore money investing to reduce taxes, but the fees are so expensive. If you don't already have a few millions available it doesn't seem worth it as most of your return goes into fees.
One thing I am focusing on at the moment is to use private retirement funds to reduce my taxable income today. In my country you can basically choose if you want to take all your salary today and have to pay high taxes on it, or if you want to leave it for retirement and only tax it in the future. The advantage is that my tax rate is going to be much lower when I go into retirement and there are some tricks to make it even lower. For example, you can gift your home to your children and pay rent to them for living there. This makes me seem poorer and I don't have to pay so much taxes. The disadvantage is that I can't use the capital until retirement age.

But to do that, you need to take risks and always get up when you fail because being a pioneer is like guinea pigs being put to the test and the experiment will either succeed or fail. Another thing is that in order to do that, you need to ignore what others say and stick to your goal or else you will also fail halfway. Successful people always have their own path and that path you will have to go alone so it is not easy. The early bitcoin investors were successful, but they've been through things we've never been through, so to be like them you have to put up with what they've endured.

Of course, you have to look at what is available to you and in your location and based on options that you might be able to buy into.

There are many people who cannot afford houses, and surely it depends on where you are at if loans are available and if the conditions of loans might help for the property to be affordable to you and without any major tricks in the loan... so yeah sometimes people cannot even build up enough of a savings (or investments into other things to build their investment portfolio) in order to use that money for some kind of a downpayment on a house.

Of course, there might be some tax-deferred types of funds that you can invest smaller amounts into, and sometimes there is employer matching up to a certain amount for those funds too.. at least in the USA.. and the terms of those arrangements can vary quite a bit from employer to employer-- but it still tends to show that normies are not even very much into the practice of building up an investment portfolio, and maybe they are disincentivized in part because the money in retirement funds would get locked up until they retire (absent decently high penalties for early withdrawal.. and most advisors recommend against early withdrawal of retirement funds)...

So maybe those kinds of "on-the-ground" facts would be part of the justification to figure out some kind of way of saving and investing in order that you are both able to save/invest small amounts of money at a time, and your funds are not necessarily locked up until you retire.. even though it does not hurt to attempt to impose some of that lock-up on yourself in order to attempt to receive some of the extra compounding effects of that value. 

So of course, something like bitcoin gives you control and you can choose to invest small amounts, such as $10 per week... but if you invest small amounts, you still may well need to spend 10 or more years investing before it starts to feel like a meaningful amount, and you likely also have to figure out ways in which you are able to hold most of your value privately so that no one takes it from you - including being careful that you do not make other kinds of mistakes such as not adequately securing your coins or getting distracted into nonsense products that involve gambling, luck and other skills that most normies do not have.. so it is safer for an overwhelming majority of normies to stick to more basic approaches of building wealth through regular, ongoing, persistent and maybe even a bit aggressive accumulation (without overdoing it).

Well, yeah, but it's just good if one keeps adjusting to modern technology and also to knowledge of recent happenings. Like with Bitcoin, you know that most people are not yet aware of it; some people have also invested but failed to have the knowledge to guide them. One of the factors that contributes to people's success is their ability and willingness to adapt to new opportunities. Not only that, but they learn so well how and what they can benefit from every opportunity they get. For example, if someone who is Investing in bitcoin has a dream that one day he or she can accumulate up to 2 Bitcoin, the best the person can do is keep working hard, make sure they seek other ways to earn income, and reinvest in other ways. You know, some people see what others are doing and making success, but if they try it, they will likely fail. Their failure is not because the investments are not working in their favour, but some of their failure is because they don't have enough knowledge about the particular thing they are doing.

Everything we want to achieve must have a level of risk that will arise. Talking about wealth does not necessarily mean that opportunities and accuracy can go well because of the many twists and turns in the process that we go through. Consistency and never giving up is a long road that we have to go through, and vice versa when someone tries to invest in bitcoin and if they dare to take risks and make the right investments it will be easy for anyone to reach the stage of independence

The greater the level of risk we take, the greater the level of profit we will get, because the risk will be proportional to what we run and if it is done in the right way. If one does not have a large amount of capital to invest, adopting a DCA strategy will be much better and will consistently be able to accumulate more bitcoins on a regular basis.

This is the most simple and 100% working method. And yes it's boring and need a lot of time.

I also agree more that the goal is to make a business grow by avoiding things like debt and the like when someone is running a business. Because money must be used properly so that you can get more of it, which is like bait to lure better results through an effort in life. An attitude of curiosity by continuing to try is a very wise attitude because it certainly will never be in vain if it is directly practiced into life after knowing it properly.

Those who want to make progress within themselves, of course, must be able to empower themselves by continuing to learn what they still don't know. So that one's efforts through this will definitely have results in the end, even though sometimes there are challenges that must be faced so that one must continue to use the time to improve himself and also how to learn to know something. Because basically there can be no success whatsoever through sleeping or lazing around doing nothing.

You're right there, as long as debt is the talk because it will further bury us in poverty. We know that there are loans that are almost sharks if they pile up interest. So if we really plan to build a business or invest, it's better to have financial resources ready for it so that if the loss comes, you can handle it without stressing about where to get someone to pay for it.


So no matter what happens in life, we should be ready to accept it because we know that we are the only ones who should provide a solution to it. Just try and try especially when it comes to growing financial assets because it works better than just keeping it in a trunk that doesn't do any good. Then study until we get the right process to grow our finances.

I don't consider that method boring. Because making an investment decision is not boring, it requires calculation, checking all the risk measures, and trying to figure out how they can be minimized. After doing that, you will definitely be doing some research on when it will be the right time to pull out your investment and take home some profit, which is also one of the most important parts as the reason for investing is to make profit, and when your first investment has actually yielded a profit, one also still needs to study the market, either the stock market or the digital market, in order to know when it will be the right time to enter back and expect a fruitful harvest in the next harvest season. So the process of planning all of this doesn't look boring to me, as one will have to study and make some decisions that will contribute to the level of success they could possibly achieve.

I certainly agree. Investing on properties, assets etc isn't boring but challenging. You might feel bored in the beginning since you're still in the process of building up your investment and it will take time for you to generate the profit but it will all be worth it. It takes a lot of learnings, considering different factors, sacrificing your funds, controlling your urges to spend but everything will pay off if you'll be wise on where to invest your funds. You will only feel bored if you aren't confident with your investment but waiting for the right time of reaping is actually exciting especially if you've done series of studies and researches first before investing.

And that's the beginning of failure in whatever you have plan to do in life especially if you really want to be successful in it. Lets take the investment in Bitcoin for example, imagine someone just got investing in Bitcoin out the sweet tales he was told by a friend or colleague about how beneficial investing in Bitcoin could be and you without any proper research  just go into, I bet you for sure that the end result to such type of investment will probably end up being a disaster.

Everything needs process and time especially in achieving the target to become a billionaire. I thought that time was only for a moment and did not feel it would pass quickly. Now, in this situation, can someone use their time to do everything to be able to change their life in a direction that is all-sufficient in the years to come. If they can do that then it will be a hallmark of their belonging to the category that will achieve success in the years to come.

Everyone wants to be rich but they don't have a principle where to start. In building a business or doing all other fields, be it in cultivating fish or all kinds, of course, everything must have principles and directions going forward. Coupled with in-depth knowledge about the business they will live in and the problem of time will not be important to get rich.

Time management is important one to get benefit from the business.Because the people who handle the time can save huge time from the work and reuse the same time for the next work.So he get double income with the same time used by others.The double income will uplift his life in the half of the time,which was used by others.After earning,he should inverse their money to multiple his income.When the income was multiplied,the time management person will become a millionaire or billionaire in short period of time.

Get rid of your debts. Avoid unnecessary expenses. Create a fund for emergencies. Then set aside some of your income for investment.

The most important factor here is investment. It is very difficult to reach a certain level without investing. If you invest, you can look to the future with hope. I think everyone with a regular income should invest.

If your money is losing value in the face of inflation, what you need to do is invest. Investment protects you. It's up to you to invest in the right thing. We are here as Bitcoin lovers. For me, Bitcoin is one of the things I can invest in and trust right now.

If we are considering bitcoin to be in the mix of investments, it seems to me that framing our dilemma in terms of pulling out and getting back in does not seem to be a good idea.

One of the first things to consider is to figure out how much you need, and then continue to build towards getting how much you need and perhaps more than you need, and then once you have reached what you need or more than you need, then you will have more flexibility in terms of figuring out how much you might pull out in order to offset large price swings, and hopefully once you figure out how much you need, you will be careful in regards to going back below how much you need in the event that you are even willing to take those kinds of gambles at all.

There are likely some other kinds of investments that you are mostly just building (just like in bitcoin) and mostly not selling, even if you might shave some off from time to time, whether referring to properties, equities, commodities, or cash equivalents (like bonds).

You are correct on that, as one of the best ways for an investor to succeed is to take their minds off selling at every given time and instead focus on how much could be accumulated and how to reach those targets. This is exactly where my explanation comes in. I do believe the time spent figuring out how to accumulate more should be accumulated and when to pull out some in order to offset large price swings is never considered a boring moment, as one needs to be busy calculating and also putting their decision into practice.

Studying every opportunity is very good but on the other hand this will also be a condition where you will only be busy studying every business pattern and theory but not with action because you are confused about which option you will choose considering the many opportunities studied.
I personally prefer the pleasure factor in doing work, when I am happy with one field then I will study it so that I can generate feedback from it.
For example, I like work related to management and I will study it so that I can compete with others and as much as possible I must be superior.
On the other hand, I also like the perspective on investment and I am looking for investments that I think are good so that it brings me to bitcoin and I study it so that I am not disappointed in my favorite. and until now I still feel that my favorite is not wrong because the rl work that I am engaged in and my investment can still be said to be running smoothly.

IMO, when you do something like this, even though it sounds good, it is more risky.
It's great if you make the right moves when you enter and exit but we can't eliminate the worst case scenario where you exit your investment and expect the price to go down but the opposite happens.
Doing research by looking at the indicators doesn't mean it will be completely correct as it just goes back to speculation but the results have 2 possibilities of being right or wrong.
I think it is better to leave the investment we have there as long as the target you want to aim for has not succeeded and make additions when the price has decreased and it is suitable to make purchases to reinvest.

Besides accumulated assets, one financial secret that have brought fortune to some persons I know is to purchase assets that can easily be sold off in distress times when the temptation to dip one's hand into an investment portfolio arises.
Assets like physical properties, diamond, gold investment, precious metals/ornaments. If having such is accompanied with having a steady DCA crypto portfolio, I don't think anyone would fall into any huge financial trap when there's always a window as these out of the scenerio.

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Everyone is right on there own thoughts, as an investor who puts his/her money on an investment, your mind must be on that investment or the capital it self not the profits, hope you get my point? The capital because is the hard earned money the investor used to invest, not the profits because the investor is not well assured of it, but keeping your mind away from selling your coins is very very important thing to partake, holding your coins makes the profits more bigger for a proper time to sell, it might be tempting to sell your coins if that's the first time for the investor to join the crypto world.

This can really give a good results to the investment I want, whether it's a business or a job. If I apply this process in to my plan it will be more progressive. You are also right that it is better to love what you plan to enter than to study what you know you don't really like. Studying and having experience in those things also helps those who don't know anything yet. In my past i work as a construction worker and had many other offline jobs and now its far away from what I am.

Right now I am able to grow my financial assets through what I have learned from others and ofcourse also through my own investment and trading studies. Little by little only but i know someday will be more.

Careful when you suggest that having some kind of a bullshit portfolio that has an amorphous allocation into something called crypto is going to give you very much ability to sleep soundly.

The ONLY one that works for DCA is BTC - because there needs to be fundamental value if you are going to justify DCAing.

On the other hand, if you specify exactly what you are holding that constitutes Crypto, then maybe that would be helpful.   I would suggest 80% to 90% of crypto is in bitcoin, and then if you are suggesting some other amorphous crypto that you are going to hold, you better say which one, because there is no such thing as "crypto" even though some funds are set up to try to diversify across various "crypto" assets and some of them might even reallocate based on some kind of a formula, but it is still nonsense unless you specify what the fuck you are talking about when you use the word "crypto"... are you talking about bitcoin, and if you are allocating to anything else, then which ones?  And what kinds of allocation levels?  hopefully not very much, unless you have some kind of a specific reason and also perhaps some active management that might involved getting out of some of those non-bitcoin cryptos based on some fairly specific reasonings.

Maybe you like the idea of investing into "crypto" because you have that dumb idea in your user name?  so you believe it is a valid investment category? as contrasted to its more likely vagueness and confusion creating attributes.

Not so.much a secret but poorly understood in my country of origin and of residence: the state guarantees qualified bank deposits up to a certain amount, per bank. Remember last year, a survey was done in my country of residence (supposedly high financial literacy) and fewer than half of respondents knew this, even fewer know the amounts.

Bitcoiner here, but I believe in spreading my risk if you have dependents.

Sir, I have also had this problem of relating specifically Bitcoin to the general word crypto although I don't about this particular user and what he is trying to say but I feel he would be talking about Bitcoin and it's just that many users don't really get the confusion when they actually use the general word "crypto" to specify to a particular assest and I myself also got corrected by you and since then I have very careful In using the word so as not to show out the intention of me actually holding some of those shitcoins out there when I occasionally use the word crypto instead if Bitcoin.

I think we all here need to sit back and relax with BTC and use it everyday until this revolution reaches its highest stage. Talk about capital and how to invest in BTC so that it is optimal. Yes, with DCA. DCA will help you be disciplined when you buy more units, when the price goes down and less when the price goes up. This will make it easier for us to make investment decisions and avoid emotional decisions and one more thing, never ask for advice/references on the Internet, because we run the risk of being scammed and that's not what we want, right?

So the question here is are we ready to carry out the DCA strategy and be consistent, regardless of rising or falling prices, regardless of economic conditions?

Usually what makes someone slow in opening a business is the length of time to prepare financial resources when someone doesn't want to be stuck with debt or loans. Actually, the length of time to collect capital to open a business is not a problem, it's just that it encourages some people to invite one of their friends who also wants to develop the same business. So that they can immediately collect their respective capital to run a business even though in the end they will part ways honorably when their business is advanced.

Trying something is always better than sitting around doing nothing, because experience and knowledge are not gained by being idle or by storing money that will not grow at all in a vault. Because we can all see the people who have been successful from various kinds of businesses in this world where they are basically always struggling and moving by implementing different efforts before they become big bosses in their own business. So I agreed to keep trying and working process after process to become more successful.

I don't have a secret in life, I'm just a simple person living a noble life in this generation. I am able to survive in a simple lifestyle and part of my crypto business and traditonal business as well.
and there are other sideline incomes that can help me to support the family that I have now, because if I wont do it, my family will get starve,you know what I mean.

Although I can't tell how much money anyone has in reserve to keep on accumulating their Bitcoin, if one is consistent in accumulating Bitcoin, depending on how frequently they buy, maybe daily, weekly, or monthly, I think there is a limit to when the BTC price will fail, and you will just have to drop the DCA strategy first and just buy up enough fraction of Bitcoin with your reserved funds (depending on what you want).


An example of what I mean is that, let's say you have up to $8k and you wish to buy Bitcoin with all that Capital, but you keep accumulating weekly with $200 and you believe that Bitcoin can go down to $25k, but instead of the $25k, it falls to $22k. At that point, instead of still continuing with the DCA, you can just use all (or 90%) your remaining capital to buy up Bitcoin at that price because, as you can't tell, the market can also take a big spike from the low price that it fell to and jump to a high price. Perhaps the market is always volatile.


So, all I'm saying is that there's some low price you will experience, and you might just let go of DCA and buy up at once, because definitely buying at that low price will still earn you a lot of profit if the market begins to experience a bull run.

Since you mentioned privacy no one will share their secret here. Because privacy is yours alone. In the case of house construction, he builds his house according to his ability. If someone has enough money then he will never take a loan to build a house and try to build a house with his own money but the person who has limited money to build a house he cannot complete the construction of a house with the amount of money he has. Can build house with loan. It is better to build a business with that money than to build a luxury house. Because if a system can be properly wired then it is possible to fulfill many other dreams from that business in the future not only the house. So money should be spent according to specific plan without spending money unnecessarily.

Yes we are ready, I speak for my self because I know my self better than anyone may know, Bitcoin revolution is increasing day after days because of its value today and future purpose, a lot of people are beginning to hold their coin, especially investors on the forum we don't look at the DOLLAR COST AVERAGING (DCA) because we are all hoping for a positive return, also any investor who will go out to seek for investment advice is giving those scammers out there a multiple Chance to misinform his or her asset's, I rather do more learning and gathering plenty informations before joining any investment.

I agree with you. It is hard to try and push oneself into building a house without enough money, you will always end up getting loans just to finish building the house. On the other hand, if you use the money you have for business that money will have a great potential to grow. It is really about planning everything.

Managing finances is important because the economic conditions in my country are unpredictable, after many businesses and companies went bankrupt when Covid happened then now my country has to owe a lot to other countries, this of course makes a lot of subsidies and facilities to be paid expensively so I have to looking for a solution to be able to manage finances.

Yes my totalitarian, you have a good point, everyone must work to become a boss, but before one can do that he or she must start from somewhere like little business or working for someone so people can also work for you when you become the boss on your own, keeping money in a save is not like investment because the money is not adding anything as profits, the money store in a save might be called dissipate because something that adds no profits to you bet just there can end someday, so using money that just inoperative will one day end but money that comes with profits can never drained off. Hope am correct? ✌️

I agree with what you said and the example that you have given, but using the price difference in your example is not enough to abandon DCA, as there is not much of a difference between $22,000 and $25,000. If one has a reserve of about $8,000 just for the accumulation of bitcoin and believes the all-time low during that season could be $25,000 but it dropped below that and went down to $22k, which appears to be an added advantage to the accumulator, which is true, but moving forward to accumulate with up to 90% of the reserve funds to me is not a good move, as the same possibility that makes the price drop down to that low level can also repeat itself and it could go down more a bit. I know there is also a possibility of prices going up during that season, but let us always consider both sides while our calculations and our buying decisions should be based on reality.

Instead of using 90% of the reserve funds in a case like this, I will calculate to use up to 3 weeks funds, which could have been $600-800, adding to the present week's own and making my purchase while also observing the market and using my DCA strategy. So that whatever the market turns out to be, there will always be funds to accumulate. Remember that the purpose is not to get a quick profit but to see how much could possibly be accumulated with the fund at hand.

Even though you have said you have no secrets in your life, that doesn't mean you will spit out everything you experience and have publicly. Because I'm sure everyone has things in their life that they need to keep secret, such as business relationships and the like that are not so important to disclose to the general public. I think some people around you can be amazed by your simple lifestyle and also your struggle through crypto business and other traditional businesses, but that doesn't mean you have to tell them all the ways and paths of your business.

Home and business are two very different things in everyone's life even though in outline these two things should be equally important for life. So it is only natural that the methods and results that will be received by each person are different, because a house will not generate money if it is built for personal use, although a house can also be a land for earning money if it is built for rent. Meanwhile, business clearly aims to get money in a larger size by using basic money which is referred to as capital. So these are two different things that can be done separately.

For sure, in this here thread it is acceptable to talk about a variety of investments besides bitcoin, so my main beef with the use of the term "crypto" in this particular thread is that it is not specific enough, and there is a need to use such word in appropriate context that is NOT ambiguous - especially the way that Cryptomultiplier had used the term by saying that it is a good idea to "invest in crypto."  What does that mean?  It is best to either say what you mean at the time that you say it, or at least if we might know the general context of what you might be referring to bitcoin and other kinds of crypto and sometimes it might not matter so much about what those other crypto are, but if we are making suggestions to invest, it is better to specify what it is that you mean.



Merely because everyone speaks that way does not mean that it is a good idea to repeat such sloppy language.

Yes, we hear really smart and rich people talking that way too.. and when they do that it likely either means that they do not know hardly shit about bitcoin, or they are purposefully trying to be misleading, or they made an innocent mistake.. however, it is not very likely that they made any kind of innocent mistake and if they are speaking about "crypto" as if they know what the fuck they are talking about, then they better learn at least enough about what they are talking about, including bitcoin in order to know how to use such terms so that they are not being misleading or vague or ambiguous. .which is a very sloppy and frequently disingenuine kind of habit, especially when it comes to this particular topic.

And, yeah, I know people speak sloppily about a lot of topics, but if they do it with bitcoin, there are going to be some of us, including but not limited to yours truly who is going to request, suggest or even demand (depending on context) that they specify what it is that they are talking about.  People in the media need to also request that their guests and their cohosts specify what they are talking about if they use the term crypto in a vague context.


I am glad that you are learning and attempting to employ a better kind of practice in the way that you talk about bitcoin versus shitcoins versus crypto, and surely sometimes it is o.k. to use the term crypto - especially if you have already defined what you mean by it.. or maybe you are just talking about various shitcoins in a vague way.. and sometimes if you use the term "crypto" and if you are referring to some dynamic that includes bitcoin, then you can say that you are referring generally to the industry that includes bitcoin and a variety of shitcoins and various projects in the space.. and sure sometimes the details might not necessarily be necessary to flesh out...

Let's say, for example, you heard that there had been various kinds of "crypto legislation" that had been discussed and passed, but you might not know the details of what that legislation is, so if you are describing what you mean, including your not knowing very much about it, then it still might be relevant and even helpful in regards to some other conversation that you are having, and it might even serve as a kind of suggestion that you need to learn more about that particular topic, whether you just read some third party sources or maybe you find out from news source or friend that you trust for a kind of overview in order to better formulate your opinion, and surely many people do not have time to duly investigate everything that they hear about before they even form an opinion,

....but each of us should be careful in terms of not communicating as if we know more than we do or to communicate in vague and misleading ways when it comes to something like the recommendation of investment choices.. even if we on our own might already be employing bad and sloppy investment practices... which there are quite a few people who choose their coins or their investments based on very superficial criteria, and sure they can suggest that others do the same as them, but they should try to disclose aspects of their strategy,  especially if they are recommending others to do the same.


It is a bit strange that you are saying to never ask for investment advice or references on the internet, but you are giving investment advice to DCA into bitcoin.

I think that the point is that each of us have to come to our own conclusions regarding whether to invest, what to invest into and what might be our strategies towards accumulation - including figuring out some targets and goals that we might have within various realistic and reasonable timelines as well as attempting to figure out our own particulars enough in order to be attempting to tailor our approach to ourselves, rather than merely what someone else is saying on the internet that might either be tailored to their own situation or that it might have  either biases contained therein or a lot of incomplete (or even withheld) information regarding what's being invested into.

I do agree with your overall idea that there are some badly motivated folks who try to get normies into pump and dump products, so sometimes there could be feelings (and appearances) of actually profiting, until the rug pull comes, and many times the talking points (and even charisma of the person) can be very persuasive, while at the same time it is misleading.. and so in that sense each of us is responsible for our own approach, including being careful in terms of our own potential vulnerabilities and weaknesses to get drawn into inferior products and inferior investment approaches... so of course, I agree with DCA'ing into BTC.. but still normies have to figure out various other details regarding how to do it in a way that works for them, even including ideas about where to source their buys, how to save on fees (if that might be a concern) and how much exposure that they might have to third parties before they withdraw their coins to their own storage - and surely some people might not even take their coins into their own storage because they might not even feel confident or competent enough in order to do that without screwing it up... so it might not be bad to keep some coins with 3rd parties up to a certain point, and not even all third parties are the same. ... and for some people $1k to $10k is a real lot of money, but for other people, they might not consider moving their value off of exchanges (and third parties until it is much higher amounts, because they feel that they are not putting much of their overall BTC investment at risk since they might already have a lot of wealth in other places.. including that they might also hold some BTC privately too.. so they might not get concerned about having large amounts on exchanges that would be life-changing for poorer people).  


I agree that acting is better than doing nothing - but I question the extent to which any of us needs to necessarily invest in a business or to create work for ourselves for the mere sake of it.

Of course, when we are younger, we likely need to build a variety of skills, and so there can be a lot of advantages in that whether we put up our own shingle (in our own business) or if we work for other people, and it is not necessarily a bad idea to work for other people because not everyone is capable of running their own business or even getting into partnerships that might end up being bad ideas.


I like that you give an example, but I question how you might employ the strategy that you are suggesting without fucking things up too much.  Maybe you are leaving out some facts too?  Because a person who already has bitcoin is way better prepared to be able to wait for a dip as compared with someone who does not have any bitcoin...

And if you are expecting $25k, but the price goes all the way down to $22k, then the BTC price has to go through $25k before it gets to $22k, so why would you have had waited or have much money left when the price passes through $25k, wouldn't you just buy at that point?  

In fact, I find it pretty damned problematic to lump sum at those various points and to even figure out a plan that really works, and if you already have $20k in bitcoin, but you have $8k sitting on the side.. while at the same time you have $200 per week coming in.. why would you be holding onto so much cash? and just letting it accumulate when the BTC price may or may not end up going down to $25k or even $22k for that matter?   $8k is 40% the size of your BTC stash, and if you have $200 coming in every  week that you are not DCA'ing with.. which seems quite dangerous for someone with that little already in BTC to be fucking around waiting for a BTC price dip that may or may not end up happening.  And, if you have less than $20k, then the percentage amount of cash is even higher..  

Now if you were to have $80k already invested in BTC or even $120k, then it might be more reasonable to wait for those kinds of dips because $8k would be only 10% or 6.67% respectively of your BTC amount, so you might have more luxury in terms of feeling that you are able to wait for those kinds of dips because you already have enough to be prepared for up.

Recently, I had already mentioned (in this thread or another one) that my current cash is ONLY about 2.5% of my total BTC holdings, and I am not fucking around waiting for the BTC price to drop before I buy, but for the most part, I do not DCA anymore... but I have buy orders that go every $500 all the way down to $10k-ish..and in some sense, I don't really expect any of those buy orders to be executed, especially below $22k, and so at some point that cash will likely end up getting spent by me rather than to be used to buy BTC.. but at this time, that cash is there and it is just waiting for the BTC price to drop, and I hope that the BTC price does not drop because I do not really want my BTC buy orders to be filled, but if the BTC price does go down, then those orders end up getting filled.

I think that with any of the scenarios that I outlined of someone who has those kinds of levels of cash, and they are expecting to put it into BTC, then don't be fucking around with waiting for dips that might not happen.  Put 1/3 in right away.. let's call it $3k, DCA with the next $3k over the next several months (which would be $230 per week if divided over the next 13 weeks or $115 per week over the next 26 weeks).... plus you said that the person already has $200 per week coming in.. so I question whether to let all of that build up.. maybe invest 1/2 or 1/3 of that each week rather than waiting)..

Now if the amount that is already invested into BTC is $160k or more (which would cause $8k to be 5% of the size), then maybe there could be some rationale to hold off more of the DCA and to set various buy on dip orders, but still I question whether trying to lump sum at $25k or even at $22k would be even close to reasonable, even though having various incremental BTC buy orders down to those amounts and below those amounts does not hurt, and maybe part of the problem that you came into with your hypothetical, Dr.Bitcoin_Strange, is that you had already said that the person wants to invest in bitcoin with their $8k and with their $200 coming in each week... so my assessment is that they better already have a decent amount of BTC before they start to get too aggressive in terms of their waiting for dips that may or may not happen.

Think about it.  The 200-week moving average is currently at $27,098 (https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/), so the odds of even going below the 200-week moving average might not even be that great, maybe greater than 50%, but you should not be treating 50% or even 60% or 70% odds (if we might be that confident) as if they were going to happen when there are still decently high odds that they won't happen and your strategy should be apportioned in accordance with the odds rather than outside of the odds, including for sure accounting for how many BTC that you already have (meaning how prepared you already are for UP).


You do not need to get into details about your own particular circumstances in order to talk about various ideas.  You can use hypotheticals or you can use percentages and you could even say that you are talking about a friend.. or if you say that you are talking about your own situation, you might just make up some numbers.. None of that would be unfair in order to obscure or convolute OpSec considerations.  Mistakes also happen, and sometimes net assets or networth might not always go up, and some mistakes are perhaps more detrimental than others, and so sometimes if networth might be going up or down due to practices but there sometimes are market forces going on that make it difficult to either figure out how to preserve and/or build networth when the value of a lot of investments might be going down in real terms.. so sometimes it might appear that some of the investments are going up in value, but if they are measured in dollars, it might be misleading in regards to whether they are going up enough in order to keep up with inflation (and we do not always want to rely upon official inflation numbers in terms of assessing the extent to which some of our investments might or might not be keeping up with inflation).


People with a lot of money might not give too many shits about whether their house is as good of an investment as a business.  Of course, poor people might have to rely upon loans to be able to buy a house because they might not otherwise ever be able to save up enough on their own in order to be able to enjoy the house.

I get your point, and I happen to agree with it, but as much as it may be, and like you have said, we are not in a rush for a quick profit, but buying at that low price ($22k) is still not a bad investment. Remember that if the investor was hoping for the price to drop to $25k and it fell way more than their expectations, then that's really a big opportunity to be invested in. What if the person invested just for the three-week fund like you said and the price took a spike again?

One good way to also invest in Bitcoin is that the person must have a target price at which they want to buy, so that if the price drops to or below their target price, they will just buy at once. In the case of my example, the price of Bitcoin fell way beyond the investor's target, and even if they bought up at once, it's never a bad investment, because their profit will still be huge compared to others who might have even bought at $30k or those that bought Bitcoin during the last bull market at $40k, $50k, and some at $60k.

Now that makes sense, and indeed besides that in business or preparing for business we can't if we just make money the only thing we or they need, there will be many things we need one of which is our belief from a mental perspective. We can see that not a few of them have a lot of capital but fail to build a business. Many people stop halfway and it's a waste of money. Meanwhile, in my opinion, someone will have no difficulty finding capital if they are ready, but it is a very good step if you choose to raise money for your future business capital. Because if someone uses their own money for business capital, they will not experience too much pressure in the business process. So basically there is a lot to prepare if you really want to run a business, not only money but mentality is also really needed there.


I agree with you, it's normal if we want something, we have to try to achieve it, there will be a process that we have to go through. Everyone must have a dream in their life and none of them do not want big achievements in their life. Nothing is impossible in this world if someone is willing to try and go through the process without giving up at all, but the question is (Want it or not). There is so much success that we always dream of, but on the other hand most of us just imagine it without taking any steps to achieve it. They would be able to get whatever they wanted if they would go through the process. Sometimes many of us only see other people's success without knowing what process they have gone through so they can be at that point.

As i said before, it is not wrong to seek knowledge and opportunities as long as we are able, but in this case there must be an opportunity that you really like to be a benchmark.
If it's like that, I think you can do it in a directed way and not mess around with the amount of new knowledge you learn. On the other hand, to protect us when what we love doesn't work out, so there may be other options in the business opportunities we learned before.
Talking about investing and trading I also don't say this is a mistake as long as you can afford it but if it's not possible then it's better to focus on investments that you really believe will be profitable and of course if talking about cryptocurrency investment then bitcoin is the most possible thing for it so the focus in my opinion should not be off this path.
Although many people use altcoins for certain reasons that they think are right but in my opinion the main focus is still bitcoin first.

If you happen to agree with me completely, there shouldn't have been, but..  :)



I guess I explained this line very well in my previous comment, unless you misunderstood the whole statement. We should not only think of the positive part when making investment decisions; we should always think of it both ways and choose which one will be more favorable to us. If the price goes up above what you saw, which is $22k, and you happen to secure a few bitcoins at that price, you still did not lose; you still have some funds left, which you can use to go back to your normal weekly buying strategy. Or does your plan restrict you from buying it above the lowest price you last saw it at? If no, then you continue your accumulation.

The Only time I can see using 90% of that reserve fund to purchase at that price is if I have hope of adding more funds to it and the 8k is not what I only planned to use and buy bitcoin for the whole time, but it is just part of the money, then I can make an exception. If not, any time I meet the price is my entry price, provided that the money is mine and I am not borrowing it from anyone. I appreciate buying cheap, but I will not overreact to price dumps when making hasty decisions.

Save & invest consistently, try to make saving a habit and invest wisely to grow your wealth over time.

Diversify your income because relying on a single source of income may limit your wealth potential. Explore multiple income streams like side hustles or investments.

Try to control your expenses & live within your means. Avoid unnecessary expenses to have more money available for savings and investments.

Invest in your knowledge & skills to increase your earning potential & stay ahead in the constantly evolving world.
Focus on long term financial goals & avoid impulsive decisions that can hinder your wealth accumulation.

This is what I meant. I just said that the majority of the younger people consider it less from an investment point of view with the goal to attain financial freedom or independence at some point in their life. They really look at it like a casino and are more prone to being caught by catchy terms and hot air white papers. I think during bull runs it is difficult for those who are new to the industry to immediately put themselves together and realize the pitfalls that come with shit coins and the consequences of their investment decisions.

If a very young person, say at the age of 18 started accumulating BTC in small proportions like 50 dollars a month over 10 years ago, that would be a fortune already. But who did that? Not many are that disciplined so early on and are so far-sighted that they unconditionally stick to their investment rule without getting distracted from all that shit coin buzz around them. It is easier to see all the issues with a few years of experience.

You mentioned the biggest problem of shit coins, which is that people often don't use extra resources to lose money on shit coins, but that they use their bitcoin to buy shit coins since it is convenient (or has been years ago).

To get back to OP's question what are some financial secrets, I think some of these secrets in the vast majority of the cases develop with experience. If someone without experience sees these ballooning shit coins, it's tough to keep the fingers where they are and not push the buy button. That was how I felt once. But now I can safely tell that it is a crypto eternity ago that I actively bought an alt coin as an investment.

I think it's better than having to rush with minimal capital and without careful planning, which will make it difficult for us to run a business, which in turn will spread to loans to keep the business running.
It's better to wait until we are really ready in terms of planning and finances than to make such hasty conditions. Indeed, when talking about business, it does not mean that with careful preparation, success will be guaranteed, but at least this will be better and will run better than making a business in a hurry just because we see a profitable business pattern but are not accompanied by the skills and capital we have.
I often see things like this in the area where I live when there is someone who runs a business (usually in terms of culinary) some other people my neighbours try to follow when the culinary business is smooth and profitable but with their planning that is not too mature because they only focus on the profits that their neighbours do it makes their business seem perfunctory and detrimental in the end.

It is not easy to get business partners because you have to show your business plans to get it. There is a chance that their goals are different but if everyone gets along right away they will have a stable business. It is true that having business partners is very helpful because it will increase the capital investment and above all it will be easier to handle the establishment of the business.
We really need to move to have resources for our needs, if in business you have to put in the capital that is needed, there will be income. Let's act rewarding for work or business. Everything really starts from the bottom until reaching the pinnacle of success. If we stumble, it's better to stand up and try again the challenges of life whether it's business or work.

I don’t think there are secrets in being wealthy. But as long as you know how to manage and grow your finances, you will surely progress in life. Focus on what is needed and disregard the unnecessary expenses, that way you will not waste your money. And definitely, learn how to save and invest. Save so that you can easily invest on potential investments, and diversify them if those investments completely work based on your plan. Also, save your for you emergency funds as well and for your future plans.

This is important and I agree with this.
There are many cases when people don't live up to their standards and try to make it seem as if they are doing well financially and live a lifestyle that is beyond what it should be just because of their ego.
Actions like this actually make it more difficult for us to survive because our ego is much bigger so when we talk about success it will obviously be very far from expectations.
The importance of controlling spending and living within our means is clearly very necessary even though sometimes the reason is to enjoy life but basically there are more ways to do that not necessarily only with hedonism.

Until we get the promotion in our business. Losses in business are one of our ways to adjust or correct business management. And because of this, we have become more thoughtful about the good things to add to whatever we intend to do in our business. Act accordingly to avoid making the mistake again.
You're right there, while we're still young, do what we know will improve ourselves, whether it's business or work.

I agree that if there is no source of capital then just work on it first. Honestly, it's hard to get a good business partner especially if you have different views on business

Accordingly, the more one learns, the greater and faster the chance of advancement. At work, especially if you are in a low position, especially if you are a construction laborer like me, you have to learn every move of those above you because I am support in every move.Actually my real plan is to learn what they know because I know that this is what will raise me.

As for the business, I haven't planned much because I don't have enough capital for it yet, but I have a loading business that will somehow generate income, but it's not big.

As for trading and investment, I also choose to invest and trade what I know has the potential to increase in price like bitcoin.

That's really the most important thing in doing business, because of that the chances of losing will be reduced and it will give better results. It's really necessary to study everything such as the area, neighboring businesses and people before building your own business. And above all strong capital and good management.

You are right, there are times when the businesses around us are often harmful, it really depends on the business owner, if they knows how to look around, they will be able to solve it better. So before building a business, they must be ready for all the risks and steps that must be taken.

I'm not sure if it's a secret, but I think it's common for finance to flow into the wrong places, and some things that I don't believe can exist but are still there for us to get around the rules and regulations in finance. Like taking advantage of trust to borrow money, buying and selling counterfeit goods, copyright issues, ... there are dozens of things that I find quite funny but they are still channels to earn income for those who survive. at with them.

Also the problem is also a secret that I know about money, prayer will help you get good luck, so don't ignore it. I don't remember ever watching a short video on youtube of a certain comedian, but the content that conveys the secret is prayer, of course you also need to try to learn, work hard to receive it get what you deserve.

We don't just earn money but we have to spend that money according to a certain plan. Spend as much money as possible in the place where possible. There are many people who earn good amount of money monthly but at the end of the month it is seen that even after earning good amount of money, they do not have any money to deposit, in that case they must spend money according to a specific plan. 

*First we need to identify why we spend so much money and where we spend more money. 

*If we have a habit of overeating at restaurants then we must change that habit because eating at restaurants is very expensive. 

*You must be aware of yourself when buying clothes. Instead of buying expensive clothes, buy limited price clothes. 
Avoid spending extra money unnecessarily. 

If we spend money in this way, it will be seen that even with a limited amount of income, we can save some money at the end of the month in addition to managing the family well.

I always say this to myself and the people I know. There is nothing wrong with spending some of your hard earned money but you need to be smart about it. You have to make sure that your purchases will benefit you, it should be something that you need. If you are just going to buy something that will be stored and serve no purpose then that is an immediate no. It's okay to spend but make sure it is well thought out.

Being the first has its own sensation, for example, as you mentioned above, buying the first BTC is like a king and queen, well, now is our way when the current market conditions are giving us this opportunity, we don't use it. do you have to buy BTC always at a high price, of course not. Yes. I think we can use the spot installment technique from now on and so on for classic reasons like "I'm afraid to get stuck in BTC" that word will no longer be spoken and for the scheme we will definitely arrange it ourselves and buy it when it weakens. so, the benefits are felt and directly proportional to the capital we put in. Yes. DCA will make you go like a king and queen, especially since there are more and more ETF submissions and the halving is very close even though the potential for a decline is always there.

Of course we also have to have calculations in everything, especially for investing and in my opinion being the first is not always the best, it could be the other way around.
Now we talk about financial secrets to achieve financial freedom, I think everyone has their own tricks, both technical and non-technical, there is something that is believed and done continuously to achieve certain goals.

Buying in the 40k-60k range is not a good target, it tells us that the investor has done some poor analysis before investing. And in this case, buying in one trade is bad, because in the further fall, if he continued to buy in parts, he could get a better entry price. But I'm not opposed to buying most of the investment in one trade, it can also get a good price, although this requires good market reading and to some extent it will still be a game of luck.

Being the first can also be interpreted as being the most daring to take the first step. When other people are afraid to take a step, the first people are those who have more courage to take a step and it also means that the first people are those who dare to take risks. So that the most underlying thing is Courage.

So the conclusion is that those who become rich are those who have courage beyond the courage of others. Those who always dare to innovate and try new things. Those who don't lose before fighting. I think this is also one of the common secrets about the road to success. Early bitcoin adopters are also the daredevils who bought bitcoin in the early period when others didn't have the courage to buy.

To be brave, you also need information, and those who have information before anyone else finds out are also winners. So do not be surprised if many people dare to spend a lot of money just to buy initial information. Because by having initial information that is not yet known by others, we can be one step ahead of others.

Bitcoin is a potential investment, but that does not mean that simply buying and buying without doing any analysis is a misconception. Of course, the people who bought bitcoins for $60k won't lose if they haven't sold their bitcoins yet. But they have to hold for many years to recover their losses, while others who bought bitcoin for $15k or $20k made huge profits.

For me always analyze and make appropriate investment decisions, should not listen to any advice from anyone. No investment will bring us any profit if we buy it at the wrong time and at too high a price.

It is good to attempt to work around some businesses that you know, and in that way sometimes you can end up getting some insider information, and then to build bigger and bigger jobs upon references, and sure at some points, there might be preferences for capital injections, but capital injections are not going to necessarily improve your situation, if you are not able to use that capital in ways that is able to pay back more than the capital that you had injected, and sometimes the pay back might not come within the first year or two of the injection but might take a while before something like good will increases to compound upon itself resulting in higher paying and/or more profitable jobs..


Do you really think so?

The BTC price was in the $40ks, $50ks & $60ks for most of 2021, and even the first 4 months of 2022. 

Anyone who started investing into bitcoin during any of that time did not necessarily do the wrong thing, even if they might have had ended up lump sum front-loaded his/her investment into bitcoin.

However, they might have made some mistakes if they either had to sell some or all of their BTC when the BTC price went lower than $40k after after early May 2022, and/or if they failed to buy BTC between May 2022 and now.

Now, right now you might believe that you are smarter than everyone else because you think that you know that the BTC market was saying that it was at its top between early 2021 and April of 2022, yet I really doubt that you know shit about what was going to happen to BTC after April 2022 - except for that right at this time you can see what actually happened after April 2022, so now the 2021 to early 2022 data seems so damned clear and that anyone should have had known better.

Yeah right.   ::) ::)

Fact of the matter is that you did not know, and hardly anyone else knew, even some of the twats who were leveraged to the tits (including SBF) did not know that their were going to get reckt as fuck - I think that even as late as October 2022, SBF and his fellow fraudsters thought that he was going to be able to buy his way back into profitable BTC to keep his charade going - including BTC going well above $40k. 

And of course, I am not even wanting to suggest that the over leveraging of BTC was ONLY the fault of SBF because it seems that Terra/Luna was one of the first to go down, and we had weaknesses shown in others that came from that first cascade that included Voyager, BlockFi, Celsius, 3AC, and a few others that then later showed weaknesses in DCG and Genesis that came after the FTX and Alameda failures.

It was not know that any of that cascading was going to end up happening then, and any of us should be able to imagine realistic scenarios in which the BTC price went above $100k prior to those businesses failing (and maybe some of those businesses would not have had failed if BTC prices had gone up before they went down)... BTC's price action from May 2022 until now was not "inevitable" and "known" as you are trying to act like you are smarter than everyone else right now because you see what had happened, and maybe you, Altryist, try to come up with some kind of a lame retrospective (hindsight is 20/20) rendition of BTC price charts that shows that "everyone should have known" blah blah blah.


Well, you are not wrong about this later assertion.

Part of the problem is that not very many people can get a "good market read" and getting a good market read is ONLY one part of the formula when you are trying to figure out how to invest into bitcoin, whether it is DCA, buying on dips, lump sum investment or a variety of such tactics, and surely your willingness to explore the weighing of the advantages and disadvantages of each of the methods seems to demonstrate that you know that there are various trade-offs with each of the BTC accumulation methods.

And, even if you try to time your BTC buys, there are trade-offs if you fail/refuse to sufficiently/adequately buy on either a regular basis or even when a certain level of dip had already taken place because you are saving too much value in fiat waiting for BTC price dips that might not end up happening.


I don't really disagree with anything that you are saying Wend, but you may well suffer from one of the same problems as Altryist when you are suggesting that anyone would have known (or had any kind of meaningful level of confidence) that the BTC price was going to drop below $40k in 2022.  Yes, right now, you can see it all seems so damned clear, but it was not necessarily clear throughout 2021 or even into early 2022.

There's no such thing about secret because everything could really be known even just on doing that simple research and just like been said that even with common sense, you would really be able to identify out on which
things are really that ideal on doing so specially when dealing up with business or whatever investment that you are dealing with. Always make yourself be sensible on whatever actions you would be making whether it would really be advantageous or not because there are really people who cant really be able to determine and trying out to look forward or in advance on the results or outcomes on the actions that they are tending to make.
Therefore, on the time that they would be able to realize on what they had done but its already too late but we know that when it comes to investment  then it would really be having that lots of trials and errors
until we do able to find out the sweet spot on which we do really much prefer or does suit out on which on the time that we are making profits or gains then this is the time we could really say that we had
done such good decisions.

This particular reason is why most new comer's to the crypto world feel they have missed glorious opportunity to buy and make huge profits they are considering of the time when the price of BTC was still very low but with you have said I can still understand even if some of those people craving to be at the early stages were actually they still won't be able to make their investment work for them because I believe most of them would have even sold their BTC due to the lack of faith for it to rise in market value.

Moreover buying Bitcoin doesn't guarantee one a full succes, reason being that they are still many obstacles for you to face so only a prepared can make it through Bitcoin investment.

If I knew some financial secrets I wouldn't be here right now writting this post on the internet, rather I would be making good use of the money earned through these methods, travelling to different countries and enjoying all they have to offer, sailing across the sea on luxurious yachts, going into adventures on the nature, probably always surrounded by people, since it's money what attracts people close to you.

However, as the financial informations we have are pretty limited and restricted, we can just use them as best as possible, following simple receipts which promise to return conservative earnings in a decade or so, if you are a disciplined person. That is: to save, invest in properties and make an income from it, while investing on your personal professional development (education), so you can have access to top tier jobs which pay higher wages, consequently decreasing the distance between you and your financial goals.

Talking about someone's problems in business, there are no big secrets to hide, especially if someone can learn on their own to do the same thing, but in the end the two people will get different profits every quarter. This is differentiated in terms of the promotion they do in their business because promotion is the main level to attract many consumers.

When referring to investing, everyone does this.  but who will be successful and who will suffer losses. That's where their level of expertise is needed in analyzing an investment that they will run. According to legal experts who say there is no easy way to get rich and it happens in twists and turns until someone becomes a millionaire.

So many smart people today already have an idea of what to do by just spotting the patterns from history, especially on what governments would do before a war or recession comes. Some people being smarter foresees what's to come and hold their wealth waiting for prices to plunge.

It's usually the seasoned investors who have the best secrets but implementing these financial secrets to work for someone from the bottom will be a lot harder.
But one secret was already revealed here and that is Bitcoin.

Know when to spend and know when not to. Even rich people are still doing that because they value more their money than their expenses. And if you have spare money to invest, then do it now. There’s no other perfect timing to invest especially in bitcoin than to learn it now and eventually learn to invest in it. But as a reminder, invest but never expect profits all the time. Investment never guarantees secured profits, so you should invest at your own risk.

Your hope will never be wrong if you continue to hope through your own efforts in the long term, because as long as you are still making money and you continue to use it at work, it is the same as making money work for us with full control of ourselves so that profits what is obtained can continue to flow if there are no obstacles that arise through the environment where we open a business. And to be the boss of our own business, I think that is part of the process, which is not for a moment, because as you said, before someone becomes the boss of their own business, of course they must be willing to become an employee of their own business too.


The mentality and mindset for doing business are also part of the initial strategy before raising money for capital, because everyone must have the mentality and how to run their own business when they already have money and this must be prepared long before we have money. What you say also makes a lot of sense because of the several cases that I have encountered and seen in my surroundings, some have gone bankrupt through their businesses. And after being investigated in depth, it turns out that some of those who failed were because they did not know how to manage their capital properly even though they already had the mentality to run a business.

The process is part of the path that must be taken and passed by everyone who wants to develop in their life. I usually look in that direction more after seeing what other people have achieved because to know an achievement that has been obtained by another person, of course everyone has to see what path that person has taken for that matter. Because if you only look at the results without looking at the process, then there is no knowledge or any clues that we can learn from what that person has done so that one can only dream without clear results. So ignore those who don't want to struggle and keep looking at those who are still struggling to motivate ourselves in terms of achieving growth in life.


What you said is also quite logical because for thorough preparation in the business sector, of course, you shouldn't be in a hurry and it would also not be good if you only focused on profits without considering the course of the business for a long time. That's why I look more at the process of preparing ourselves in a more mature way for business matters while gathering capital that can move the business after we have the way and mentally ready to run the business we want. Because I also prefer long-term profits rather than short-term profits that can only be obtained in a short time.


From what I've seen around me, when it comes to getting a business partner, most people can do it in two ways, even though basically it's not easy. But some people can use a way to get a business partner by getting closer to other business parties with the aim of mutually benefiting each other, which of course must make an agreement before entering into this collaboration because as you said, other people's goals are usually very often different from the goals we will build in our own business. So it is clear that it is rather difficult to build cooperation with other parties even though it is for mutual benefit, and one more way is relatives or family themselves who have already built a business so that it can be a little easier for us to become partners as long as it does not harm each other.

Usually a person who likes to fight and doesn't like to complain will not be whiny easily when he stumbles over something while running a business, because he will prefer to stay strong as long as he knows how and still has a path for him to take on his own. Most successful businessmen are businessmen who are not whiny and complaining, even though a small portion is based on inheritance from their parents or continuing their long-running business. But I wouldn't call him a business fighter because people who continue the business from their parents are people who have never felt the bitterness of struggling from the bottom alone.

That is one of the most vital characteristics that a successful businessman should have. They do not complain during times when it feels like everything is going down for them, instead, they find solutions and face their problems head-on. Understandably most businessmen like these are those who built the business from the bottom as they are the ones to experience the hardship of building something from nothing. However, it should be noted that some businessmen who inherited their business from their parents can still have the same characteristics as some parents require their children to start from the bottom before placing them in a higher position. Although it might not be the same hardship it is still a situation that may push them to learn such characteristics.

Here's a unique approach I've found successful: Model based on renting with the intention of investing.

Why not rent a nice home and put the savings into a diversified portfolio of investments rather than spending all your money on a single property? When you own a home, you may find it difficult to put your money toward other, higher-yielding assets like stocks, mutual funds, or even a side business. Keep in mind that building wealth is more important than simply amassing a large down payment on a house

Although trust funds and offshore organizations have attracted a lot of attention, they are not without their risks. Moreover, they call for a considerable amount of income to begin with; not everyone possesses this. Instead, you should work on legally optimizing your taxes by making the most of tax-advantaged accounts, claiming all available credits and deductions, and adjusting your investing strategy to minimize your tax liability

The logic here is quite simple, a person believes that buy a house with a mortgage will be more profitable, since the monthly payments that he will pay will go to pay for his house, and not the landlord. And with investments, or business, everything is not as simple as it seems at first glance, investments can be long-term and not always successful, exactly the same applies to business, if you look at the statistics, 9 out of 10 new businesses fail, there is a very high risk of losing failure, especially if a person had no experience in business and this is his first attempt. That is why many people choose to take out a mortgage on a house and own this property in 20 or 30 years, not the best option but for many it seems to be the best choice.

9/10 businesses do not fail due to lack of success. i would say only 2/10 fail due to ineptness.. the other 7/10 are business savvi/corrupt.

if your smart enough. no one should be declaring profits in the first 1-2 years of a start-up. all excess cashflow should be reinvested into expanding the business or paying out as salaries to keep talent involved in the business.

the reason most savvi/corrupt businesses shut down this is because they run the business, reinvest/syphon the profits out of the business. leave the business with debt. close it down. and make a rebrand of another business doing a similar thing under a new logo(rinse and repeat), thus not having to pay debts/taxes. whilst maximising the owners lifestyle personally or making a better brand

...

property ownership is great if you know the calculations and can afford the payments. however there are many strategies to achieve success.

too many people see a house for sale for like $200k in 2020 and think selling it for $250k in 2023 is $50k profit
however when you include property taxes, mortgage required house insurance, mortgage interest, repairs, maintenance costs those profits drop to zero

in EU countries they have things like 'rent to buy' 'right to buy' schemes where people sign up for local government social housing to rent. and then after X years get the right to buy that property at discount. where if you calculate the correct year of renting/buying you can see that renting upfront puts that money into the discount to then balance out, meaning that you then buy a cheap discounted property. which you can then sit on/live in or rent to other tenants for a few years to then sell for profit because the mortgage amount is far less than just buying a house from scratch. especially if you used the initial renting years to put aside spare cash to buy house outright without a mortgage.

That's a good strategy, if I'll learn more and when I become more experienced then I'll resign from this job and try to start my own business but of course not near the place of your old job in respect to it. It is also a good idea to study each area that is in line with the business to be built because its capital has a better chance of growing.

One of the most important rules that I learned during my experience with business, with the aim of ensuring business continuity in parallel with achieving personal financial stability, is the rule of "diversifying sources of income".  In short, this means that incomes are diversified and not derived from a single source.  In an attempt to implement this, I opened my own store to trade food items in parallel with my job in a government institution.  This cost me double effort to balance the two tasks.

Well said mate. Success will never be achieved if knowledge and skills are not developed at first. Empowering oneself is the best strategy so that you will know and be guided on the things that will make you prosper in life. And by adopting the right mindset and the good attitudes towards your goal, I believe success will easily come to you after you hardwork and perseverance paid off.

Yes mate ,I will improve even more the things that have to be done so that I can realize the dreams and my desire will be come.We should really act with a thought that we don't always end up going wrong. Right now I'm focusing more on working hard to raise funds for the business I want to build. While still young, our mind should be open minded especially in business because from my observation it is better to do business than to work but it really depends on the line of business that we want.

Hello i am new to this forum,

i wanted to comment and share a "secret" since i have not seen anyone mention it. There is a way how you can make a good percentage of profit when you hold bitcoin. most people arent aware that you can make yield in all markets. up down and sideway moving markets. Without having to sell high and buy low your assets.
Many whealthy high value investors dont even know about this since its a concept coming from the wall street stockmarkets and banks that mainly use this knowledge. I have my bitcoins and eth's in my own account in DERIBIT.COM
My assets are under management by a company that specializes in derivative constructions like straddles strangles butterflies etc. They build with my permission through secure API keys constructions on my underlaying assets, generating yield. last 5 months generating over 40% profit by receiving premiums on my account in BTC or ETH. So my portfolio is generating more BTC and Eth without me having to sell my assets. I know many can't wrap their minds around what i am telling you, but its true. see for your self and convince your self, dont take my word for it. Its a way of whealth management, so expect that there is a minimum asset amount  that they will have before considdering a client. i think its around 100k. in either BTC or ETH. they will not receive your assets. they stay on your own wallet account.
Their link is www.DCIXX-CAPITAL.COM like my forum name. the least i could do for them. ;D


Thank me later fellow Hodlers ;D

Business needs a lot of time to grow and start making a profit. So before you resign from your job you to make should ensure that you have a good saving that will be enough to take care of your needs until the business starts making a profit. Resigning from your place of employment and depending on your young business for survival will affect its sustainability and survival. You can also consider resigning when your new business has grown and can pay your salary.

Partners should have the same vision for the business. And necessary legal partnership agreement should be signed by the parties involved in the business. Procedures or means of sourcing funds, roles of partners as well as the profit-sharing formula will be included in the partnership agreement. My ideal partner will be persons that are knowledgeable about our line of business especially in areas that I don't know much about.

You have a point that you must have a large investment to support the plan to do business well, it is also better to just work first until the business grows. You are right that we should not let go of work first so that we can support our business. But we should really accompany this with learning about things that are good to do business that are more in line with our area. Because if we do this, there is a higher chance that our desired business will grow.

Everyone will agree that they will be able to produce or achieve success with a number of basic factors, namely as you mentioned skills and knowledge are needed there, and I will add a little that one must also be prepared in any way, they must do research first about what business they will live and of course that suits them. Everyone will have a chance at whatever comes his way. In this day and age, I think knowledge is easy to find, we can get it from many sources around us, including social media, which we approach all the time. Then in terms of capital there are also many who provide loans with small interest amounts, with these modern conditions everything looks easy if we want to do it and work hard.

Even though on the other hand, competition is now quite tight in business, but we can see that many potential youths are able to create something extraordinary, they have managed to achieve their dreams even though the competition is quite fierce. The question now is whether or not we want to make progress in our lives, they always say yes but don't do it. To be honest, indirectly I am also encouraging myself.

I dunno if I would class them as secrets but some things I find useful which I guess I could pass off as advice are -

Automating savings, you can set up monthly transfers to your savings account. You can Use cash back credit cards, earn while you spend. Maybe invest in low cost index funds, they often outperform actively managed funds.

Utilise tax advantaged accounts. Maximise 401(k), IRA, & HSA contributions. Always try to pay off high interest debt quickly. It reduces total interest paid. Regularly review your expenses, try to cut unnecessary costs.

What you said is true, I have had two failures in business partnerships. At first I believed because we had known each other for a long time, high school friends, agreed to do business together, agreed to deposit capital into the account, the business was doing quite well and should be profitable after we broke up, but the answer was that there was no money. I checked the account and found that there is. So the conclusion is that just trusting capital is not enough to build a partnership, even though our friendship history is good. As you said, siblings, even husband and wife, let alone best friends, are not necessarily compatible in the partnership business.

Of course, if you want to be a successful entrepreneur, you have to change your mindset. So it is important for us to learn and instill in us how important it is to be brave, persistent and creative in achieving success in doing business. Stumbling is a common thing in every business, what is unusual is how we can get up afterwards.

As long as there is knowledge in every business trend, it is sure to yield great results. Social media is also a big help in strengthening our business because it is easy to share the business we have with people. You have a point that someone who wants it must have the skill to make a business because otherwise he is forced will definitely have a hard time growing it.


So when we talk about business, we need to first look at every place where we can put our business plan because if we don't look at them, we will have a hard time competing with other entrepreneurs. If we need to visit the businesses around to get an idea, then we will increase our knowledge that they don't have, surely our business has a chance to prosper.Every business can be copied as long as you know how to put or add twists to make it more unique.


Next time mate we look for a business partner, we should really plan and have a document to make everything fair, it's hard to trust now so we should be doubly careful even if it's a close family member or friend.Hopefully your experience will be a lesson for you and you will definitely not fail again.

Some parents who want to create the same characteristics in terms of business for their children are for the sake of showing how difficult they have experienced in the past when developing a business and that is absolutely not wrong to do even though what the child will feel it will not be the same as what is felt by other people's children who build a business from scratch. I have also encountered what you say in life, where rich people who already have several businesses also want their children to learn from the basics about business matters. And also how to manage it quite well because it is considered as the basic capital of the child when he is no longer living in this world.

Partners are part of a relationship where if a business owner can have more relationships with agreements and a good understanding of cooperation, then their business development can also occur more easily when the marketing of their products continues to increase from time to time every year. Because in addition to a plan to get profits every year, the business owner must also have a plan to expand the business with a wider area coverage in order to get a more equitable development.

Rising after stumbling can only be done by those who are professional and wise in understanding the conditions for business trips, because not everyone can get back up when they stumble or fall while running a business. Especially if it's someone who has used more capital in his life for a business, of course there will be a feeling of frustration that he will feel even though that feeling doesn't need to be expressed or shown to everyone when he has fallen.

Well that's right, and when someone is in a position like that then I think it will go back to each person's personality, if they don't have a strong mentality then it is certain that they will stop halfway, I mean when they are down by experiencing things that make them fall then they will stop there. This is one of the facts experienced by several people who experienced failure in carrying out the business process. Then in terms of capital, yes, it is very influential, when they have small capital then they must be more careful in making every decision for their business expenses, lest they have partners who cannot be trusted which in the end most of them will be deceived on some agreements or agreements.
For frustration it is very likely that they experience especially for some people who live with small capital, because maybe the small capital they carry is the only hope they can utilize.

I think I learned the best financial secrets in later which were all clearly in my sight but I was blind to see. First one is to use debts wisely to leverage your position. With good timing you can secure your future through real estate investments by being little bit indebted. Second is to always keep saving no matter what people say. If you spend a lot to buy unnecessary products you are selling your life away (let's assume you are laborer). First thing to do is to exit labor and generate money. Always.

Sometimes having that small capital would really be having that kind of driving force on which you could really be able to make your every step would really be that something meticulously be done because you do know that

you do have that limited funds which in every step you would make should really be having that kind of assurance or being sure that it is really that getting in line on what you had analyzed.Its true that alteration of decisions
would definitely be something that could differ on each person because there are ones who do really easily give up on the time that they would really be experiencing some disaster and there are ones who do really withstood no matter how harsh the challenges that they would be able to face on. In speaking about financial secrets then we could really be able to read up tons of ebooks or words online about those basic things which it is really that again and again or endlessly been that recommending but not all people would really be able to follow despite of being known because of those common factors like emotional situations on which it could really
that distract you on achieving your goal or sticking on what you do have in mind.

There’s no secrets but hardwork and patience pay off. And by simply investing on yourself by gaining knowledge and first hand experiences, when you consistently work on it, you’ll be rich faster than what you think. As there’s no shortcuts to success and being wealthy, everything starts with a goal and achieve it through taking advantage every opportunity that comes, and never miss any single of it.

reading opportunities is really needed to get rich, and of course with a normal process and instilling discipline in everything can help us to achieve success. there is no need to avoid what should be our obligation, because of course that way we will become rich inside and out, with a calm heart we seem to be the luckiest people and of course we can benefit many people in need

Reading is a very good thing to make a habit for those who have free time by reading can provide information and knowledge for the reader. Having a calm heart will make it easier for us to face every challenge we get, of course this will make us look like people who don't have any problems with anyone.

I agree. By investing time and effort into discovering and learning new things via reading, we are able to learn and adapt various skills and ideas that can help us achieve success and financial independence. Knowledge after all is power. The more you know about something you are interested in the more you are ready to make a move and face any situations head-on, may it be positive or negative. Knowledge also acts as an instrument for prevention as it prevents individuals from making wrong choices and reckless decisions.

People make judgments more carefully due to restricted capital and means. What you say reminds me of societies that had to make tough decisions with limited resources. Less money doesn't always mean better decisions. Due to the stakes and consequences, we make better decisions

Countries and people are molded by various factors, some unrelated to money. Strength isn't everything. Change, learn, and grow

Despite the abundance of financial aid, I don't think emotions are the only thing stopping people from following it. Relevance, context, and fast-changing social and economic conditions are key. Advice doesn't always work. Consider customized replies and plans instead of generic e-books

Of course, investigating and reading (like Bloodseekers mentioned above) are forms of action, yet in order to really attempt to make progress there likely needs to be actions that go beyond reading and investigating, and surely the ways that action takes place can start out small and build up to getting BIGGER.. It seems that anyone who gets to the BIGGER stage, needs to have had been engaging in a variety of practices along the way, and learning through practice that gives feedback that is more practical than mere reading and investigating.. yet the ongoing and persistent reading and investigating can become more focused when it is informed by various real world actions.

There is no secret wealth that we can take to do. But you have to have a plan and capital if you want to get rich and even then it will be in accordance with the amount of money you use.

This will add to the problem instead of making it easier. Taking a loan to buy a house is the same as we depend on problems that will arise in the future.

Your post does not lead to one discussion and I see there are many things that have no relationship between one another. Avoiding taxes is the same as you don't comply with the rules and if you live in a legal country, the rules cannot be ignored according to our wishes. How can you possibly achieve wealth if you ignore tax rules because in fact the wealth we have has the rights of other people in it, for example the rights of the poor which are facilitated by state taxes. Except when you try to take advantage of investing in bitcoin independently which does not require taxes every time you make a profit, but taxes will be charged when converting bitcoins to fiat through a centralized exchange.

I couldn't agree more with you. I'm yet to find a single person at the top who got there by accident...it is always a product of habit developed over the years. I have watched interviews of several big guys and one thing that is constant among them is result driven habits that is hinged on knowledge in their respective areas.

Christiano Ronaldo, the famous footballer is known to be so dedicated to training with huge discipline to his career. I once read somewhere that he is always the first to appear in training and the last to leave. Same things go for Leonel Messi... the list is endless.

I don't think that moving one's business to a tax haven is legally wrong. Companies do that including big corporations like Shell. According to this article (https://www.reuters.com/article/global-oil-tax-havens-idUSKBN28J1IK), several multinationals do this to avoid paying huge taxes. I do not say this is morally right but in the eyes of the law, they committed no offence.

You are right, mate. I don't even know why some people think that there's really a secret to archiving wealth. While there are just some general rules to acquiring wealth, if anyone truly follows them, they can also build more Wealth for themselves. Also, some people attach more liability and too much responsibility to themselves, which continually keeps them on one level; they never seem to level up because they have a lot of things on them.

In some parts of the world, some people are getting married to more than one wife, while others are giving birth to more than six children. Some people too are only receiving a small amount of salary every month, but yet they are showing off as if they have a lot of money to spend, and this causes them to even spend more than they earn. Some people don't also save to invest or to archive any goals; all they do is eat all they earn and even take credit.

There is one rule for archiving financial success, which states, "Never spend your earnings while you are yet to earn them." That's for those that take credit often; they take credit to the extent that any time they receive a salary, about 80% of their salary is allocated to settling debts. These are all simple rules that, if followed, will lead to the acquisition of wealth. It's never a secret.

This is not a secret anymore as everyone that gets rich has started from it. By knowing what rich means to you and how can you achieve it, then you have to define your financial goals first as that will serve not only your target but your guide as well to become wealthy. Next, work on it and through taking some potential investments from your deep research, once it’ll start to generate profits, you’ll eventually gain money and start earning. By reinvesting into another profitable investments, you’ll end up being rich one day. And by investing in your health as well, which I think is mostly overlook, then it’s easier for you to achieve financial wealth next to it.

Savings is one of the most important thing when it comes to trying to be financially stable, but saving alone is not enough. Not spending Wisely on things that are not necessarily important and spending uncontrollable can make all the time  use in saving money to be effortless. To become rich  or financially stable lot of work to be discipline must be done, spending money on getting too much flashy things can be a limitation of becoming financially stable.

In conditions like this, maybe for some people it can be done but when talking about debt if we can't do it well then in my opinion it's better not to do it.
For some people, debt may be maximised with some careful calculations so that their living conditions are better but on the other hand it can also be a double-edged knife because if it is wrong in allocating the loans made, this can actually kill yourself.

I don't have a problem with this kind of strategy, but if there is another strategy by not using loans then I think it is a good choice.

In order to become a rich person, you need a competent financial strategy. 

For example, you may live in a country where taxes are low and food, utilities, and entertainment are not very expensive. 

You can also learn a high-paying profession (for example, a programmer) and earn high wages by working online for wealthy customers from developed countries.  Thus, you will have high incomes and low expenses.  You can invest the profit received from your professional activity in highly profitable assets - Bitcoin, stocks, venture projects. 

This will allow you to multiply your income many times over and live the life of a rich person (without denying yourself anything).

You would really be needing to be wise, you would be needing to be that strategic when it comes to investment if you are really that planning on making yourself rich. Just dont make yourself in a hurry in speaking

about trials and errors on trying out to rush up on making decisions according into such situation. There's no secret about financial success which we would be able to see those common and casual advises and
steps on which trying out to follow but its not something that wont be simple since there are really that factors which could really affect out that kind of outcome or results on which it is really that
always a big challenge for us and something that cant really be known in terms of outcome. This is why if you are planning to have that financial freedom then always stick to investment and never ever make
yourself that thinking up some advanced outcome or results. Anything does have that corresponding process which you would be needing to face up along the way.Just set out realistic goals and
targets so that you wont really be that pushing up yourself that too hard or in desperate manner.

Saving will indeed make us wiser in terms of managing our finances, but this cannot be done by those who have a habit of using their finances uncontrollably so that they choose to use their money only for momentary pleasure by not thinking about investing to make more money, so they can have financial freedom. I totally agree that in the process of becoming rich, it certainly takes discipline to make it easy to become financially stable.

Financial problems very often we become a problem so that disputes occur because of it finance. proper management of ways to avoid things that we don't want if it happens we can make a plan to set policies so that monthly and weekly expenses we can arrange

• Before committing to invest in any venture or asset, ensure you do a market research in whatever you want to invest in.
• Don't mix family and friends with business.
• Avoid loans if you aren't ready to commit or no payment plan in place.
• Avoid middlemen in your dealings,  as these make simple procedures expensive for nothing.

As much as many people will see this as a good asset to have in your name, this is a no go area for me as buying a house is a liability in my view as this gets up a lot of capital and worse off it requires maintenance funds to keep it in good standing order which makes it a bad investment imo..unless you have extra funds lying around.

Why not go crypto on this if tax is what you are avoiding, as investing in foreign countries sometimes brings complications especially if you aren't physically going there to see what's happening.

It sounds simple, but I want to ask if any of us have become rich? I don't think anyone here is rich because if we were rich we wouldn't be here. In my opinion, we should not teach someone how to get rich because we ourselves are not richer than anyone. And in my opinion, there is no recipe or secret to getting rich. If we want to be rich, we just need to do one thing, that is to work hard and think of our own path because each person will have a life, a separate path to go, no one is the same.

OP's question is pointless and any answer that teaches others to get rich is also pointless because we are not rich yet so we cannot teach others. Second: It's unlikely that a formula that works for us will work for someone else. So find your own path to success.

Apart from what @Ucy said about donations, I think it's a good thing, but if we have excess funds and are included in the category that we don't need to concern ourselves with the name of making money. So, responding to what you said that good financial management is basically I agree. it must be with governance and discipline when running. indeed, if we see that everything is necessary, but it would be nice to filter which of the most urgent needs we should prioritize first.

Perhaps you are right, I noticed a long time ago that people who managed to get rich either come here very rarely, or do not come at all. But we cannot say that this applies to all users, I do not exclude that there are people who like to be on the forum, just as someone likes to visit social networks. In any case, someone's advice is not a call to action, there are a lot of possible tips on the forum, but only you can decide for yourself what to do, because you know best the situation in which you are.

The journey of developing a business with a certain amount of capital is quite tiring for some people, especially if they have partners who are very dishonest in terms of cooperation. Of course it will be very sad for those who are starting to build a business with minimal capital, but I will always salute those who do not like to give up when they experience failure and frustration due to the failures they experience through their own business.

Because people who don't like to give up when they fail are real warriors when it comes to business so such people are usually better to be seen as examples to motivate ourselves when we fail at something. What you say is also quite logical, but at a business point I see people who like to struggle more than people who like to complain when they fail or blame circumstances when they experience a downturn.

Good financial management is indeed the most important thing that must be owned by someone who wants to increase the financial level in life. To become a person who is good at managing finances, a fairly broad insight into finance and all things in the economic sector is needed. Like being good at investing and smart at seeing good business opportunities for growth from time to time. And yes, in doing so it requires high discipline. Because without discipline, sometimes we will come out of the planning that has been made carefully.

It is common knowledge that people who are generous always get more luck when they become more generous. Because maybe it is generosity that makes a person seen as a good person and makes it easier for many people to trust us and it becomes easier for us to build relationships. And more importantly, donating can awaken a sense of humanity and a sense of unity in compassion for fellow human beings.

No, it's not a useless thing to do anything that can be said here will never be in vain, although you are right that it is impossible for rich people to be here to spend their time discussing in forums it is quite illogical, but maybe some graduates from forums these became rich people after they shared their knowledge, maybe today we can only talk based on the assumptions and theories we found on the trip, but who knows when we get a better position from the investment or that, what we have talked about here before became provision of building wealth systematically according to what we are talking about here, we will never know that.

Aren't some of the people here who have earned their lives in a decent position and don't come back and prefer business. I think many of the members who have stopped their activities in the forum have become rich people out there, and one of their knowledge comes from their experience in the forum.

Do you understand what it means to move a business to a tax haven and do you observe Shell companies dealing with tax matters. I don't think they are avoiding taxes but rather trying to make taxes cheaper by means of insurance services and each company that is in a certain jurisdiction may vary the amount of tax to be paid. Further, maybe you can re-read the included link and try to understand how the Shell company handles tax issues.

If we wish to simplify the matter then we should refer to the relevant levels of capital and wealth-generating plans. If we don't have these supporting factors, I think it's impossible for us to generate wealth. Business can grow when someone has these two things and the problem is not everyone has the same ability. A person's level will further increase as their mindset advances and it is from here that they start choosing a plan to make a lot of money.

Spending more than we earn is an unnatural lifestyle, financial stability will be quite disturbed when this is enforced and finally they are entangled with the name of a loan to fulfill their lifestyle in spending something that is not productive. The middle and lower level people take loans not to support business but to make ends meet, while the middle and upper level people take loans as a way to develop their business to be bigger, this is where the difference in a person's level in using loans

Building an apartment as a business here in my country is much profitable than building a house and post it for rent online.

The secret I believe is always prioritize your needs, if you want to earn money go for the things that will give you money in return, like investing, making a small business to big business as an upgrade, buy and sell cars or bikes, etc. There's a lot of ways to generate money even with a small amount of capital, it will depends on how you're going to make it circulate well.

Mostly if you are into metro or in a capital city, this is really a go-to for most middle-class people and even others renting that can't afford a whole house. Also, subdivisions right now are in demand, and a lot of people are finding this because we know that you own a house unlike an apartment, but both of them are expensive. Mostly, if we are talking about shelter, it is really expensive right now and always in demand by people.