I was in Costco the other day and was tempted to buy gold bars they were selling to diversify my portfolio. I have never bought gold as an investment before and it would be super easy and convenient to get it from my local Costco. For those who don't know Costco is a very popular supermarket in the US that sells everything from grocery to consumer electronics. Two things made me change my mind. 1) I asked the salesperson will Costco buy gold back when I want to cash in and sell it? He said no Costco only sells but won't buy it back. So buying gold from Costco would be super easy and convenient but when you want to sell it Costco says good luck you are on your own. 2) Costco charges a 2% fee over the spot price which is two to ten times what most crypto exchanges charge you to buy and sell bitcoin. I read a couple articles on the internet about how to sell gold and it seems a rather complicated and expensive process to do. Where do you even go to sell your gold besides a pawn shop (who will give you only half of what its worth if you're lucky)? Do you have to ship it to the buyer? Is escrow involved? How to sell gold without getting scammed.November 10, 2023 https://www.cbsnews.com/news/gold-prices-how-to-sell-your-gold/Is it really that hard to sell gold bars in the US? I mean, are there specialized places for selling gold jewelry and bars? When I search online, some trustworthy dealers come up, like JM Bullion, APMEX, and American Hartford Gold. In my country, it's easy to buy and sell gold jewelry and bars. You just go to a jewelry shop, and if you have the receipt, selling is simple. If you lose the receipt, there might be some verification needed, depending on the shop's policy. I think gold is a good way to protect your money from inflation since its price isn't as volatile as crypto. So there's still a good reason to buy gold, especially gold bars. CMIIW References |
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One of my colleagues told me that his salary is lower now than it was five years ago. Sadly, the price of goods is rising.
I think it's a matter of supply and demand. Five years ago, your colleague's skills may have been highly sought after, with low supply and high demand, leading to higher salaries. But now, the supply of people with those skills is higher, while demand may be lower or stagnant. This gives companies more options, so they can lower salaries and easily replace employees who don't agree. To stay competitive, we need to constantly improve our skills and perhaps take on more responsibilities to become indispensable to our employers. Additionally, diversifying our income sources can help. The resources are limited, but the number of people entering the job market keeps growing each year. This increases competition and can lead to some people experiencing economic hardship. |
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Between developers and Investors, who's responsible for the AltCoins that goes dump or likely to be ghost coins in total disappearance even from the market cap?
Rumours goes around that it's the developers intentions while some says it's the Investors impacts that determines how much active the and stable the AltCoins could stay in the market cap.
So, who's responsible when the Coins dies?
In my opinion, the developers bear the primary responsibility for a coin becoming "dead." It's their job to create a compelling coin with good utility and to market it effectively to attract investors. When a coin loses value and investors withdraw, it's usually because the coin no longer serves a purpose or isn't interesting anymore. The blame mostly falls on the development team, as they are responsible for the coin's success. If the coin truly had potential, investors would trust the team and continue to invest. |
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Well, every other person seems to be saying that it is your fault that you are poor, improve your condition yourself, but no one tells you how to improve your condition when you are living in a country where there are places where you have to pay tax on even breathing. How to improve? How to make money? How to get rich in a rising inflation?
I belong to a country where jobs are non-existent, offline work is not something that can earn more money with less work or even with more work, it has become very difficult to earn a living with dignity. Online jobs are not allowed in our country, especially trading, so my question is, what job can a person do and improve his condition?
I have heard from everyone that it is not your fault to be born poor. Still, it is your fault to die poor, so my question is after so many restrictions, how can you survive without any opportunities or become rich and how can it be your fault if you are talented and well-educated and you don't have people to bribe or recommend? You are not given a chance anywhere to show your ability and any work that is online can't be done because your government doesn't allow you and if you do it, all authorities and forces will fall behind you.
Regards
SK
If there's a will, there's a way! If you can't find a good job in your area, starting a business could be a great option. You could sell products or offer your skills, either offline or online. Building an online brand is key to attracting potential clients. If cashing out from online work is a problem, you could find someone who can exchange your online money for cash. This way, you wouldn't have to withdraw directly. If this is a widespread issue in your country, others likely face the same challenge and may have already found solutions. Look for them in Facebook groups or other social media. Remember, you're not alone! Don't give up – there's always a way to overcome obstacles and achieve your goals  |
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from the last 3 months i have seen 99% meme coins on solana and all of them turned out to be a scam or the best projects have been missed how to check weather a meme coin is a solid or not because what i found a good project but when its launched it turned out to be a scam how to identify the projects with the scam and recently i found a project called school of meme they said we are here to educate other meme coins lol but the positive sign is they bot and game is live so what you think a school of meme is quite a good project or it also going to be a scam one. Web: https://schoolofmeme.fun/In my opinion, memecoins are primarily for fun and lack inherent value. They don't offer the kind of utility or technology that would make them essential to own. When considering investing, I think it's crucial to gauge the project's community. If there's genuine enthusiasm and engagement, it could lead to increased demand and price appreciation. However, I believe the hype surrounding memecoins tends to be short-lived due to their lack of intrinsic value. Ultimately, the decision to invest in memecoins rests with you. But always remember, as you mentioned, they carry a high risk of turning out to be scams. |
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I would like to brief about the current market situation as there has been surge in value of altcoins a much higher surge compared to Bitcoin and many would have utilised this momentum to gain profit but if we look at the other side if you just look for top gainers you will find altcoins with top surge but the next day or after few days if you check the top losers you will find the same top gainers in this list as well. So there is a price increase for altcoin but not a established one like Bitcoin, because we have not seen dump in the value of Bitcoin for over an month now but Altcoins has been pumping and dumping and in my opinion it's not worth to make entery for long term as of now it's good only for quick profit whole being very active. What's your opinion ? Shall we invest or just involve in quick trades ?
Currently, in Q2 2024, I still believe that most altcoins beyond the top 10 are primarily for short to medium-term profit. One way I've found to potentially benefit is by participating in pre-sales of new projects and selling at public launch, as the price is often still favorable. However, if I truly believe in a project's potential, I might hold (HODL) a small portion, maybe 10-30%, for the long term. This way, even if the price drops, the impact isn't as severe. It's really challenging to find altcoin projects as promising as ETH. |
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Friend of mine knew that btc and gold gona go high. So one year Ago he called Banks Even to asian bank to ask money invest on markets he also told them he will do it smart Will do DCA....in gold and btc. The Banks was asking his knowledge and reason for money still did not give. So my friend told them look guys i know good info If i know that gold and btc will go then you guys should know it too it's a win:win you give money and i invest exacly on right time Banks was talking some bs reasons. So Banks and financial instutions are evil they don't want to cooperate with even with people who knows how make money from money it's like they don't want make money from money why we need them If they don't work with us? If the banks was gona give money everybody winner here banks make their money and my friend was gona make money and profit and my friend will be financially Free and with that knowledge Will only make money from money. And funny thing is my another friend who did apply for Job on hedge funds he predicted everything to them and showed Even where he got inside info and told them he knows how to make a lot money from money not even those guys who got degree will make that much money and they refused.....like wtf??? Are the banks and financial instutions here for money or not ? Instead of real knowledge how to make profit and money of money they hire someone with degree who has no clue even how the real money Made and no experince just degree and vision what to do and what's the moves how to make money from money....so why waste time and ask on the first place what IS the purpose of loan and vision If they don't give money anyways why so evil ? If someone who knows a lot Will put the facts and info front of their eyes and they still don't give money ? I mean a lot people can escape slave life 9-5 Job If banks could give them money to double triple it's win win they get back all the money and profit and they can see If person whos asking money or job knows really things but they still refuse So Im asking what's the bankers and financial instutions real agenda because it doesn't seems like they want to make money together self learned very smart and experinced people yet they ask questions like purpose of loan and idea for what ....yet they see all the info and even exacly timing of Market prices front of their eyes and they still refuse wtf  Im against to them If someone knows same things like they put front of them and without School education or degree and very smart with smart ways to find about whales and activities of big financial instutions and banks still don't give funds Like wtf? The problem is many people don't have resources to use their knowledge for make money from money but banks not cooperate yes they ask questions like they genuinly interested about idea like asking what's your background and how did you find out all that info and so but still refuse even If they can see person really knows about it we have nowdays even the smart guys without any education who could out perfomance all those educated people with degree so can anyone explain why is that they don't like people with real knowledge how to find info and how to make money ? In my opinion . It's not that banks are inherently unwilling to cooperate with individuals like your friend. However, they are cautious about investing with those claiming market-beating knowledge due to several factors. Primarily, they prioritize risk management and must adhere to strict regulations, limiting their exposure to volatile assets like Bitcoin and gold. Thorough due diligence is necessary to verify information and assess track records before lending large sums. Additionally, banks often have their own investment strategies and research departments, potentially conflicting with the individual's views. They may also have access to more comprehensive data and analysis, leading to a different market perspective. Ultimately, banks prioritize long-term financial stability and prefer experienced professionals with proven track records, making it challenging for individuals without formal qualifications to gain their trust. CMIIW |
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Now it seems to me that money is all there is to survive in the world. Since 2020, since family finances have worsened, it is slowly seeming like money is everything in this world. Where there is no money you will find nothing. There is a saying that many people say, money can never buy you happiness but to me this is the funniest saying. Because without money you can never get all the things you want for happiness. In every case in this world you must depend on money to survive. Now I have to force myself to believe that at the end of the day it seems impossible to run this world without money. Where you have to depend on money to do every job or take every step, from studying, there is no other way and at the end of the day it seems to me that studying where there is financial insecurity is also unusual or not worth it. Because when you see that your father in your family has taken the responsibility of your entire family on his shoulders and it has become much more difficult for him to carry the responsibility of the family, then you will no longer want to do anything other than earning money, then only the sense of responsibility will work in your head. I don't know how accurate my words are but to me it seems right now in this situation.
I agree that in today's world, almost everything requires money, and it's true that money can contribute to happiness. However, it's crucial not to be blinded by it. When we focus too much on money, we may sacrifice our health, relationships, and even our values to acquire it. Moreover, not everything can be bought with money. I believe that when we do good things for others, we shouldn't focus on potential financial gain but act with genuine intentions. Money should be a bonus, not the primary motivator. I've encountered people who equate money with happiness and judge others based on their wealth, leading to shallow and transient relationships. This mindset ultimately creates a life filled with people who come and go based solely on financial status, which is a hollow existence. |
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Is very possible starting up a business without capital all you need is your ability of pursuing success.
Affiliate marketing is a business you can venture into without capital and still make good money from it, even more than some businesses started with capital.
Affiliate marketing is the process by which a person earns a commission for marketing another person's products.
All you need to start this business is good communication skill in other to sell the product of the other person and get a commission for doing that.
You can decide to market product of different company or person's at same time by doing this you are sure that everyday someone will buy from one of those product's there by making money every day.
When you become an expert in affiliate marketing you will start making profit every day of your life.
I believe there's no business that can truly run without capital. Even if you don't have money, you still need the will and determination to succeed, which can be considered a form of capital. In my opinion, starting affiliate marketing without money, skills, or connections would be extremely difficult and time-consuming. You lack the funds for advertising, the ability to effectively sell products, and the network to reach potential customers. Therefore, it's better to treat affiliate marketing as a side hustle while maintaining a stable main job until the income from affiliate marketing becomes consistent and surpasses your primary income. I agree that once you become an expert in affiliate marketing, you can generate daily profits due to your developed sales skills, which are invaluable. |
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Turning a hobby into a business sounds so fun! But I bet it has its challenges too. What did you do for fun that you managed to monetize? I wanna hear all about how you went from hobbyist to entrepreneur!
Tell me, what struggles popped up as you worked to turn your passion into a profit? How did you push past them? Got any pro tips you can share to help other hobby lovers try to make it big? I love hearing stories of folks who bet on themselves and won.
In the past, I used to monetize my gaming hobbies, like selling gold or currency in MMORPGs (called RMT), selling high-level accounts, and sometimes helping people rank up in competitive MOBAs. But when a hobby becomes a job, it's just not fun anymore. It becomes a responsibility, and I can't relax until I finish the order. Now, I'm trying a different approach. I'm looking for a skill that's in high demand and can make money, and then trying to love it. Maybe this way I can still have fun while making money. Who knows? |
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Doing financially well as a breadwinner in your family is not sufficient enough to encourage your financial growth or stability when you don't optimize to make provisions on how your dependants can also stay financially independent to themselves because over billing can actually weigh your aiming down.
If you're too proud of yourself, delightful and relaxed without being bothered on how to ease your responsibilities within your home when you've the capacities to lucrate everyones minds by introducing them or encouraging them on how they can also breakthrough their financial reliances, you'd either end up struggling to have more values to your finances or your relentness engagement on always being the provider could picture you as one of a kind who have the potential to elevate others but chooses to let everyone settled beneath your foots which can actually inspire some negative thoughts on people envying your success.
Buttressing the whole fact, to help people of your responsibilities in staying financially reliable when you've the capacities would as much reduce the level of your expenses with the people in concerned and would enable you to flexibly focus on your personal issues hopefully in your projects of gaining more wealth and enlarging your incomes.
I think more of African people would understand this better where economy system can be so hard and the people struggles to make living and add values to their lives while those opportuned to breakthrough those hard times are being overweighted to grow higher due to responsibility surrounding them.
I agree with your perspective. As the saying goes, "Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime." Empowering our family members with the skills and knowledge to be self-sufficient financially is a far more sustainable and impactful approach than simply providing for their immediate needs. One valuable lesson we can impart is the power of delegation. By learning to delegate tasks or even hire others to do certain jobs, we free up our time and energy to focus on activities that generate more income. This mindset shift, away from the belief that we must do everything ourselves, opens up new opportunities for growth and success. |
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First ask yourself who you want to be ?
Rich by wealth 90% 60%-80% ? Or 20% ?
What about the 1% ?
The wealth is info and knowledge what you know and others don't know.
You want to be that 1% ?
So you have to go against the 99% of the world so you get allmost like 99% of traders investors gamblers money.
If you want that go take your time and think what the 1% might be doing now ?
But there is same % of top winners and top losers both are the 1% so while doing some move what nobody don't know about you might lose all or win big.
Sure you can make good profit with btc or meme coins but that's not what the 1% will do now because too many people expecting and waiting the same thing.
Take now your time go learn the market think hard because If you could hit right you could make a lot profit.
Im busy to figure out what could be that 1% move the biggest jackpot.
The impression I get from your post is that to succeed, especially to join the top 1%, we must make groundbreaking moves that the other 99% don't consider. right ?. In my opinion, this sounds so grand that it makes us focus more on planning and thinking than taking action. I don't quite agree with this mindset, as it can be quite burdensome, especially mentally. Why not adopt a 1% mindset instead? This involves trying to accumulate wealth just 1% more. It seems more manageable and attainable, making us believe and take action. Because it's easier, we'll do it more and more, and perhaps never stop. In the end, we might achieve our goal of becoming part of the 1% in wealth. |
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This topic has come up quite a few times over the years on this board. A lot of the discussion around it has mostly been others opinions. I found this neat little graph online (instagram) from the New York Times that compares the two. Now keep in mind one's location will certainly have an effect on which one might make more sense, even in what part of you own country you're in.
I agree that it depends on location, country, and personal finances. In my country, houses are very expensive, even those far from the city center. Most people need to take out loans and pay them off over more than 10 years. This can be a significant burden for those with average incomes. Therefore, if you have an average income, renting might be a better option. Renting provides more flexibility to choose a house close to your office, minimizing commute time. Additionally, it allows you to move easily when changing jobs. You are not tied down by long-term loan payments. Considering these factors, I would choose to rent over buying a house in this situation. |
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You need to take action and learn from the mistakes
Knowledge come only from experince.
You can read books listen all the gurus, but it's nothing compared with your own experince.
Instead of reading the books or listening the gurus learn the basics and start action make some moves because you will need to be ready to make mistakes don't take this emotionally be with mindset that you gona have nice long 3 years of working with something make mistakes don't think about them too much just make notes what went wrong and move on dont make same mistake try new way.
At the end you will have a lot experince base to see what did worked and what did not worked out.
Do not think you gona hit success with first shot just swich off all your emotions do it fast make notes fast don't get in bad mood because something did not worked
Stupid person will get smarter only with actions smart person who think too much will stay only with knowledge what all ready have.
Instead of thinking just make moves and you learn on the way the knowledge mixed with experince is what makes CEO-s that's why no matter how good is your degree of something your new work place think you have value only If you have real experinces.
Think something that experinces are like gift once you have them even bad ones your value will increase therefor your personal market value will be also higher.
Don't be stucked with bad mood If you try something and it's not working you have to be mindset that you gona make 100 mistakes yes you will make it that's normal.
People who take failures too hard will just overstress themselfes and that's why they slow down their success.
I agree with your point, and I'd like to add that learning from others' mistakes can also be a valuable way to minimize our own when taking action. Therefore, I believe it's crucial to strike a balance between action and planning, especially when we lack a strong safety net. For those who struggle to take the first step, I suggest creating a detailed action plan based on your goals using the S.M.A.R.T. method. This involves setting goals that are: - Specific: Clearly define what you want to achieve.
- Measurable: Establish criteria to track progress and success.
- Achievable: Ensure your goal is realistic and attainable.
- Relevant: Align your goal with your overall objectives and values.
- Time-Bound: Set a deadline to create a sense of urgency and focus.
This approach can reduce mental overwhelm and make taking action feel much more manageable. By focusing on smaller, achievable steps, we can build momentum and confidence, leading to the accomplishment of our larger goals. |
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The use of robot in the world is really affecting the economy and also causing unemployment.
If you build a company and you are making 1 million dollars as profit every month and then spends 6000 thousand dollars to pay your works and then you are given the opportunity to buy robots for 1 million dollars that will do the jobs your works are doing without it having faults for 10 years won't you go for it there by sacking your workers.
In the next 10 years there will be high rate of unemployment in the world because job's that should be done by humans are now given to robots and by so doing it will also affect the economy of the world.
I agree, especially as robotic technologies advance to the point of replacing many jobs currently done by humans. However, humans are adaptable creatures, and I believe new types of jobs will emerge that robots cannot replace. We aren't so foolish as to give robots absolute authority either. In the near future, jobs involving purely physical and monotonous tasks, like factory operators, are likely to be the first to be automated. Therefore, it's wise for us to learn new skills that combine physical and mental abilities, as I don't believe robots can replicate the human mind, at least not anytime soon. |
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I have actually come across entrepreneurs and investors who had run mentally disabled and were rehabilitated due to weak emotional capacities to withstand the lost of their valuables not being affordable.
While I have also attended several business conventional concerts, there had been this health wise guide orientations that health is also wealth so we should always consider our healths while we are Investing our funds at the course of chasing incomes to secure wealthiness.
This is not just about setting up emergency budgets for healthcares such as when we are down with the common illnesses such as Headaches, Mononucleosis, conjunctivitis, Diarrheas, Stomach aches and so forth which are most considered health wise.
If we ignore to consider investing what we can afford to loose, we could eventually be negatively affected on our mental faculties which we may never had expected it coming.
There is every possibilities of an investor to go psycho when looses beyond the capacity that their mental health could accept.
Failure to put this as concern and during investment we looses above our limits, we could be at every tendencies to be exposed to heart attacks or mental disorderliness as a matter of unbearable and dispersant shocks.
Sometimes ago, I reached out to my sisters husband on the phone and he sounded so frustrated and strange, while still on the phone, he cut off the call on me and I called severally he ignored the calls.
After some times I called on his wife to express the displeasure of her husband on me and she also said her husband has be acting strange some times now which I make out time and catch up with him as a friend I assumed he is to me.
Right before me he was really acting strangely but all I could figure out of It with our conversations was that he invested his life savings and even borrowed some money in order to promote his profit potentials but it was unfortunate for him that the investment crashed and he lost it all.
I don't know if he invested it in a highily volatile and risky platform or that he fell scamming victim.
Right in a summary: let us also consider our mental State of health during when we are taking those risks of chasing wealths so that we can always Invest what we are are affordable to loose.
I agree with your points, and I'd like to add that investing or trading can deeply impact our mental health, particularly when emotions like greed or fear are involved. To protect our well-being, risk management is crucial. This means using only disposable income, diversifying investments to spread risk, and setting personal rules for risk tolerance and stop losses. These strategies can help us manage our emotions and avoid impulsive decisions driven by FOMO. |
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Countries can change just think about the new currency euro it's new think about that one country use to be poor and how fast things can change.
Companies they also come and go Even the currencies they come and go.
But If you have just few good people the very best friends kind of loyal then that's priceless.
We never know when we need help and the good helping hand from the friend or family member it's priceless.
So you can lose ur gold money btc and property and car so everything but human connections stays.
Think about in war situation your country flag can be changed overnight or currency.
You can invest in stocks and company you did invested can disapeare.
Off course we don't need to think about extremes but let's just add another layer of wealth the human connections.
Good friends good people kind of your own people.
We live in the Changing world and If you have some supportive people around you that's good thing and that's true wealth even after many years.
I wholeheartedly agree with you. Having someone who supports us unconditionally, regardless of our circumstances or wealth, is truly invaluable. However, it's important to remember that friends and family may not always be there, whether due to unforeseen events or other circumstances. In that sense, they're no different from other things in life that can change. So, it's best to accept this reality and avoid viewing any relationship as permanent. This way, if someone does leave our lives, we'll be better equipped to cope and move forward. As a suggestion, it might be beneficial to start by being kind to everyone, while remaining cautious to avoid being taken advantage of. This approach could increase our chances of finding genuine connections that offer mutual support. Additionally, it's sometimes helpful to shift our perspective away from viewing relationships as transactional exchanges and instead focus on genuine expressions of support. People can often sense whether a connection is authentic or simply based on self-interest. I sometimes wonder if Bitcoin is like a trustworthy friend because, coincidentally, whenever I need money, its price seems to go up! 😄 |
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There are some things the importance of which we cannot understand until the time comes. Maybe we don't care about those things because we don't need them now, but when we need them, we will regret these things, but regretting them at that time will not help. Now maybe we have the strength of the body and the ability to work so now we can manage all the things but the strength of the body is not there for the whole life of the people or their workplace will not be there for the whole life. Since these are not permanent, we have to plan for the future in advance. Those who invested in Bitcoin exactly 10 years ago planning their future may have gotten a lot better from their investment today. But those who didn't plan their future at that time and invest in Bitcoin even when there was an opportunity are probably regretting it now. Like those who didn't invest 10 years ago and now regret it, we need to plan our investments now so that we don't regret it at some point in our age.
Congratulations to those who have already planned to invest and those who have Bitcoin investments and hope you will hold your investment for long time but to those who are still planning to invest I would advise you to invest in Bitcoin even if you think about your future. If we can invest now thinking about the future then this investment will be very useful for us at a stage in the future which we may not be able to imagine now.
Investing is a great strategy for the long term since the future is uncertain. However, before diving into investments, it's wise to establish an emergency fund. This should cover about 3-6 months of your income, or even a full year if you prefer extra security. Additionally, consider getting health insurance for added protection. Once these are in place, you can start investing with greater peace of mind, knowing you're prepared for unexpected events. This way, you can confidently invest in Bitcoin for the long haul, as you mentioned, without worrying about immediate needs. Furthermore, investing in your knowledge and skills is just as important as investing in assets. This allows you to be more adaptable and opens up more opportunities in the future. Even if your body can't handle demanding work later in life, you can still earn income by leveraging your expertise. |
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Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
In my opinion, our life depends on ourselves, not others, not even the government. While the government can help by creating supportive policies, ultimately, we are the ones responsible for our own well-being. Therefore, we should adopt a mindset of self-reliance and not depend entirely on others. As for thinking outside the box, I agree with you. In my view, it doesn't necessarily mean coming up with revolutionary ideas. It can simply be doing something different from our usual routines. For instance, if we've always saved money but never invested, we could explore investing in something like Bitcoin. Of course, we should learn about it first rather than investing blindly. In this case, the "box" represents our beliefs, habits, or routines, and thinking outside of it means challenging those familiar patterns. |
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