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Author Topic: What are your plans for the next 5 years in Finance?  (Read 2820 times)
Finestream
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July 10, 2018, 11:52:49 PM
 #21

I believe there’s always the desire to get a stable source of income after retirement and this may be realised through setting up businesses with money earned from crypto. You will need to further manage these businesses well so I think the money may not be from’ passive’ source.
I think investing in crypto and having a business in the real world may be a perfect combination to earn a passive income in the next five years.Yes i still believe in the power of bitcoin though many people have their doubts on it.It's just matter of taking some risks and building your own faith on it.

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July 11, 2018, 12:01:40 AM
 #22

In five years I will become a millionaire by investing in ICo, I believe the coins I am holding now will go to the moon in the future. So I decided to hold them for a long time.
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July 11, 2018, 12:27:15 AM
 #23

I will continue to invest in both stock market and crypto market. For stock market, I will invest in those big companies, because it is less risky. For crypto market, I will keep holding my current coins. I may will look for new investment opportunities as well.

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July 11, 2018, 12:31:35 AM
 #24

After 5 years, I hope and believe that by that time, I already established a small business preferably online motorcycle shop from my savings in Cryptocurrency trading. That is why I am doing my very best to become better in Cryptocurrency trading so that it can give me more idea on how to have more profit in my trades and joining bounties. Let's just trust the process and never give up on our dreams .
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July 11, 2018, 01:32:42 AM
 #25

I want to have "Passive Income"
I will raise capital to build a business that can provide me with passive income, so in my old age I do not need to work to earn money, how about you?
do you have an idea to build a business that can provide passive income with minimal capital?

If you can handle by yourself to build such a business that might your passion and can support your financial then go! You may also do Investment like In crypto or In a stock exchange, If you dont want to be hassle to earn money through your own capital.
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July 11, 2018, 02:28:02 AM
 #26

I believe there’s always the desire to get a stable source of income after retirement and this may be realised through setting up businesses with money earned from crypto. You will need to further manage these businesses well so I think the money may not be from’ passive’ source.
I think investing in crypto and having a business in the real world may be a perfect combination to earn a passive income in the next five years.Yes i still believe in the power of bitcoin though many people have their doubts on it.It's just matter of taking some risks and building your own faith on it.
i agree with you. Though there are still lots of risks you have to consider before making this type of investment, i would support your idea of building faith towards your investment since that is your only choice if you want earn the next five years, and aside from that nobody really knows what will it be until then.

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July 11, 2018, 02:51:03 AM
 #27

After 5 years, I hope and believe that by that time, I already established a small business preferably online motorcycle shop from my savings in Cryptocurrency trading. That is why I am doing my very best to become better in Cryptocurrency trading so that it can give me more idea on how to have more profit in my trades and joining bounties. Let's just trust the process and never give up on our dreams .
if i want to find capital from bounty campaign, and later I use to buy property, and some still invest in cryptos. I have to invest in property because this business is definitely profitable, and there are no price fluctuations

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July 11, 2018, 03:16:50 AM
 #28

it is recommended to plan your finances especially in investing, if you are to plan, better make sure it will come to a reality, let say you are planning to invest in a long term investment, make sure those investment will not go to waste after such term, 5 years is a long wait, we can plan for a year if we are talking about cryptocurrencies. because of the volatility of its price, a year is enough to place your investment. my plans are placing additional capital on trading and will be focusing on bitcoin also diversifying my assets to other 2-3 cryptos. will be setting my terms for 6 mos to 1 year. 

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July 11, 2018, 04:20:03 AM
 #29

i want to be financially free five years from now, in order to achieve this, i am planning to build a business empire from my proceeds from crypto as an ulternative to crypto, i plan to go into real estate and offcourse, i will forever continue to reinvest in crypto currencies.
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July 11, 2018, 04:24:11 AM
 #30

i want to be financially free five years from now, in order to achieve this, i am planning to build a business empire from my proceeds from crypto as an ulternative to crypto, i plan to go into real estate and offcourse, i will forever continue to reinvest in crypto currencies.
that's good plan for you especially.while we can earn money from crypto just do it  without any doubt.we will able to collect money that used to build our business empire as you said before.

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July 11, 2018, 04:43:26 AM
 #31

I want to have "Passive Income"
I will raise capital to build a business that can provide me with passive income, so in my old age I do not need to work to earn money, how about you?
do you have an idea to build a business that can provide passive income with minimal capital?
i want to attain financially freedom five years from now, in order to achieve this, i am planning to build a business empire from my proceeds from crypto, i plan to go into real estate and offcourse, i will continue to invest in crypto currencies. a cryptomaniac.
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July 11, 2018, 04:49:49 AM
 #32

You might not want to get into development of land. I live in a country where houses are fucking expensive, construction companies are getting doomed, and Real Estate businesses are borrowing loans and shutting down their Real Estate business indefinitely, and fleeing the country forever. Its better to just stay in crypto, you know. Real life jobs are scary as fuck, am seeing more terminations than hiring and the country I live in is one of the richest and the costliest. The risk is too much to handle, just don't put yourself in the quicksand.

DRIPS just seem to be buying back of shares with the dividends that investors receive. They are still taxed, even if the investors don't receive it. Only advantage is, they get more shares at a discounted price and they don't have to pay a commission.

Its cool. I used to work in the construction industry. I have some experience there. You're right. There are a lot of people who heard about "flipping houses" from a tv show on the discovery channel who have no experience and easily get in over their heads attempting to develop real estate via overestimating how productive they will be and underestimating how much things will cost--their liabilities. Regulation can oppose the construction of new homes in ways. An example of this is california which recently made it illegal to build a house, unless it is fully outfitted with solar panels.

Most people aren't aware that there are kits to build a house which are available @ severely discounted price in comparison to what is available on markets. There definitely are opportunities. Its not and never will be a get rich quick scheme. But for those who are willing to put in the time and effort it could be profitable and worthwhile over the long term. Similar to crypto it could be a good HODL strategy.

Branching out and diversifying away from crypto could be a good practice. I like DRIPs as a long term investment strategy. It won't do much over the short term. It might not even grow funds @ a faster rate than inflation. But at least there are recorded instances of people retiring using it as an investment strategy. The compounding interest could be worth pursuing. Especially if its accompanied by an appreciation in the value of the stock.

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July 11, 2018, 04:51:13 AM
 #33

I want to have "Passive Income"
I will raise capital to build a business that can provide me with passive income, so in my old age I do not need to work to earn money, how about you?
do you have an idea to build a business that can provide passive income with minimal capital?
My plan for the next five years is to have a financial freedom and have savings regularly. I do not savings for now since I have many kids to support with and my parents are with me. I want to support first the education of my kids so maybe after five years I can have financial freedom and I want also to have a stable business that can cope also the other needs of my family.
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July 11, 2018, 05:00:23 AM
 #34

I want to have "Passive Income"
I will raise capital to build a business that can provide me with passive income, so in my old age I do not need to work to earn money, how about you?
do you have an idea to build a business that can provide passive income with minimal capital?
I am only 19 years old and I have not planned to start a business yet. I just put out the annual plan and want to achieve the target. In 4 years of college, I will try to make $ 20k more comfortable in life. Then I would work and save more to buy a house. Grin

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July 11, 2018, 05:08:16 AM
 #35

I want to have "Passive Income"
I will raise capital to build a business that can provide me with passive income, so in my old age I do not need to work to earn money, how about you?
do you have an idea to build a business that can provide passive income with minimal capital?

Same for me. More and more passive income.
I love a saying from Warren Buffet "If you don't find a way to make money while you sleep, you will work until you die."
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July 11, 2018, 05:58:30 AM
 #36

I want to have "Passive Income"
I will raise capital to build a business that can provide me with passive income, so in my old age I do not need to work to earn money, how about you?
do you have an idea to build a business that can provide passive income with minimal capital?
My plan for the next five years is to have a financial freedom and have savings regularly. I do not savings for now since I have many kids to support with and my parents are with me. I want to support first the education of my kids so maybe after five years I can have financial freedom and I want also to have a stable business that can cope also the other needs of my family.

It may be none of my business, but you should really save up. Especially since you have kids. Don't wait for 5 years before you become financially free. In fact, you're already supposed to be financially free. Financial freedom means not having to rely or depend on someone for your daily expenses i.e. relying on the money/allowance given by your parents. This does not mean that you don't have any expenses or financial obligations (like the education of your kids), which I highly doubt will happen within the next 5 years. So unless you still rely on your parents despite already having kids of your own, then you should be financially free.
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July 11, 2018, 06:13:06 AM
 #37

My plans for the next 5 years, continue my investment on crypto market (Bitcoin), either on short terms or on long term, then after a thorough review invest on other coins, like ethereum, Then enjoy my profits or look into another possible investment on real estate. Invest,invest and invest for my future...the best thing i have is a lot of patient for my investment, in short i will go for long term investment.
Pursue your plan and be consistent with what you are thinking 5 years from now. Once you made profit from your bitcoin/ethereum investment, don't stop on investing or diversifying it in real life investments like real estates.

We all want to have an easy going life where we can enjoy living but at the same time have some passive income and have financial freedom.

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July 11, 2018, 06:19:46 AM
 #38

The good business for this year is the food sector. every day food takes everyone and it will continue forever. so I think it takes a small capital to do business in food. you just need to find the distributor of food to get cheaper price.
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July 11, 2018, 06:43:28 AM
 #39

maybe I would choose a safe investment like future savings or use my salary a bit to invest in crypto. all investments are good depending on the smart one chooses an investment as needed.

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July 11, 2018, 06:51:26 AM
 #40

My plans are very simple i am working my freelance software engineer so i get lot of free time, in that i work for crypto and saving in the wallet for future as i know that in coming 5 yrs the returns will be good enough that another 30 yrs i can leave freely without worrying for financial help.
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