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Author Topic: Start investing so you can quit your job and retire early.  (Read 1319 times)
fiulpro
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March 07, 2020, 11:21:00 AM
 #41

For some people jobs are so important , it's a part of their life their well-being. Therefore for some people I do think they want to work till they are old .. investing is a tricky thing , if you invest in something which you haven't studied much about you are bound to loose a high amount of money.

Retirement plan is really really important and I do think you should go towards a safer option like banks , saving up everyday would do the trick.

Investing in something like property would be a good thing for sure ..
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March 07, 2020, 12:07:46 PM
 #42

We can't rely everything on investing because we have daily necessities to sustain. While we are young, we should still try to find ways to earn and investing could only be our supporting source of income. Working so we'll have a good amount of capital for investing is the best preparation that we can do for a sustainable future.
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March 07, 2020, 12:25:58 PM
 #43

I agree i know a lot of people who work hard all their lives sacrificing sleep, family and health just to earn that small wage that's after a few days is gone. Because of the increasing prices of services, food and daily necessities. So instead of burning all your money away with these things, take a portion of it and start investing.
But investing money blindly we'll only get you rekt, you must pick a good viable profitable project or coin also.

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March 07, 2020, 12:37:27 PM
 #44

But most people didn't invest on the right things so they mess up things and get rekt at the end.

A smart investor means to increase your assets, not the liabilities.

Don't wait to be an investor until you quit your job, just start investing while you are working itself so we can increase more cash inflow.

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Broly46 (OP)
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March 07, 2020, 01:28:29 PM
 #45

For some people jobs are so important , it's a part of their life their well-being. Therefore for some people I do think they want to work till they are old .. investing is a tricky thing , if you invest in something which you haven't studied much about you are bound to loose a high amount of money.

Retirement plan is really really important and I do think you should go towards a safer option like banks , saving up everyday would do the trick.

Investing in something like property would be a good thing for sure ..


Property is expensive and you would need to take loan from the bank, I think the bank would relunctance to giving out home loan under such climate, unless you can secure the home loan, or you aren’t allowed into this premium club for the elite.

Self hating nerd that want to escape from reality into the cyberpunk.
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March 07, 2020, 01:34:09 PM
 #46

We can't rely everything on investing because we have daily necessities to sustain. While we are young, we should still try to find ways to earn and investing could only be our supporting source of income. Working so we'll have a good amount of capital for investing is the best preparation that we can do for a sustainable future.

I think you can save a lot of money working overtime everyday, and after a few years down on working for a paycheck, you must have a lot of capital for investment. By then you can get a lot of bitcoin with your paycheck.

Self hating nerd that want to escape from reality into the cyberpunk.
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March 07, 2020, 01:39:14 PM
 #47

I agree i know a lot of people who work hard all their lives sacrificing sleep, family and health just to earn that small wage that's after a few days is gone. Because of the increasing prices of services, food and daily necessities. So instead of burning all your money away with these things, take a portion of it and start investing.
But investing money blindly we'll only get you rekt, you must pick a good viable profitable project or coin also.

Many people don’t feel a pinch working their entire life for paycheck, that’s why they don’t learn investing, we have all sort of people blaming, marching on the street, shaming each other on the net, because they didn’t invest their money and they’re getting too old to start all over, so remember to investing asap.

Self hating nerd that want to escape from reality into the cyberpunk.
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March 07, 2020, 01:42:26 PM
 #48

But most people didn't invest on the right things so they mess up things and get rekt at the end.

A smart investor means to increase your assets, not the liabilities.

Don't wait to be an investor until you quit your job, just start investing while you are working itself so we can increase more cash inflow.

I can tell many people invest into trading bitcoin, they trade bitcoin everyday, that’s a very bad habit, they’re losing on trading fee and the exchange take a big cut from their earning, I think they didn’t learn how to investing.

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March 07, 2020, 01:46:33 PM
 #49

You want to quit your job and take care of your valuable life to do what you want to do in life, then you should start investing and start generating your passive income ...

You are proclaiming it as if it is a magic solution to financial freedom. Of course, it can be a part of the solution but in reality, the success rate in becoming successful in investing is just 20%. Most investors lose their money and there is a myriad of reasons that can happen. Even if you study investing, there is still a chance you can lose money because market is very unpredictable.

But, I do not discourage anyone from investing. They should do it but be wise about it. Like everyone else says, invest only the amount you can afford to lose. If you lose, you will not mind so much. But if you get lucky, it is a great addition to your source of income.
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March 07, 2020, 02:40:03 PM
 #50

I agree i know a lot of people who work hard all their lives sacrificing sleep, family and health just to earn that small wage that's after a few days is gone. Because of the increasing prices of services, food and daily necessities. So instead of burning all your money away with these things, take a portion of it and start investing.
But investing money blindly we'll only get you rekt, you must pick a good viable profitable project or coin also.
Indeed, if we only work hard and lack investment, we will never be able to enjoy a comfortable life and early retirement but unfortunately, a lot of hardworking people refuse to invest because for them, investing is a dangerous game, they can lose everything they tried, and instead of living such a life, they chose to live a normal life, no worries and pressure on investment. They have very reasonable explanations, the risk of investment is always too great while the number of successful people is too small, everyone will have a choice that suits their abilities, we probably should not force and change their choice

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March 07, 2020, 03:20:18 PM
 #51

I agree i know a lot of people who work hard all their lives sacrificing sleep, family and health just to earn that small wage that's after a few days is gone. Because of the increasing prices of services, food and daily necessities. So instead of burning all your money away with these things, take a portion of it and start investing.
But investing money blindly we'll only get you rekt, you must pick a good viable profitable project or coin also.

I think that was a good idea too because some of the people today are now starting to make investment when the market Is too low because by that we can make a lot of earnings that can save our future while you are still young or at the early age it is better to make investment so that in the future you can quit your job and take a rest for your entire life and enjoy your living routine that minding the number of money you will need to save also it is a good trait that we are saving a lot of money because this may practice us to support ourselves and become an independent person that can sustain our daily needs. Always enjoy your life and don't sacrifice your health and self just to earn a little amount of money.

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March 07, 2020, 03:31:54 PM
 #52

everyone wants to be like that, but the problem is not everyone can have enough money to start an investment to get out of the workforce.
Everyone's needs are different, so for me while it is still possible and healthy to work, use it together if it does not interfere with work time is the right solution.
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March 07, 2020, 03:48:18 PM
 #53

Not everyone has a business soul, especially their millennial generation is more consumptive. I think for beginners who want to start a business can start to become intermediaries for sellers and buyers. This practice can hone business instincts and investment skills for beginners.

Investments can start with simple things even when we are young. Investment is our money is safe and growing, so we must be able to distinguish between assets (real assets and produce) or liabilities (burdens/liabilities that will reduce our assets).

We take the example of a car, a car can be an asset or a liability. The car will be an asset when we rent it or we make it as an advertising car that generates additional income for us. Cars become liabilities when we only use them for personal use because we have to pay extra to pay for maintenance costs and taxes. So for beginners, they can start changing their hearts to become assets rather than liabilities.

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March 07, 2020, 03:51:00 PM
 #54

Well what you are saying makes absolute sense but what If I don't wanna quit my job because I love my job ? Tongue Wink I know there are very few people out there who can say this and that's the saddest part . Isn't it? We often run after the money instead of running after satisfaction .



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Rainbot
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March 07, 2020, 03:55:14 PM
 #55

I have this dream since I was a kid, but only with BTC I started to do my plan and follows

I have a passive income with BTC and cryptos and this teaches me a lot of things that helping me in my daily life

I see most people talking about being almost impossible to stop working but they are not stoping wasting money

We have to change our comfort, luxury, ultimate tech stuff and a lot of another things to achieve this goal, it's not easy, but the rewards will be for the rest of your life, I'm doing this, but when I talk to people around be, no one wants to stop buying new cars, new clothes every month, trips etc etc

.
.DuelbitsSPORTS.
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March 07, 2020, 04:22:27 PM
 #56

Well what you are saying makes absolute sense but what If I don't wanna quit my job because I love my job ? Tongue Wink I know there are very few people out there who can say this and that's the saddest part . Isn't it? We often run after the money instead of running after satisfaction .
That is why it is important to have a job that really tickles your interest so you won't be having too much hard time about your work but of course as we grow, mature and face hard situation we understand that profit is important so you'll go to anything that gives earns you money but the point of the OP is to invest and grow your money as early as possible so you won't be thinking of working yourself too much in the future for you have investments.



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March 07, 2020, 04:27:24 PM
 #57

You want to quit your job and take care of your valuable life to do what you want to do in life, then you should start investing and start generating your passive income ...

You are proclaiming it as if it is a magic solution to financial freedom. Of course, it can be a part of the solution but in reality, the success rate in becoming successful in investing is just 20%. Most investors lose their money and there is a myriad of reasons that can happen. Even if you study investing, there is still a chance you can lose money because market is very unpredictable.

But, I do not discourage anyone from investing. They should do it but be wise about it. Like everyone else says, invest only the amount you can afford to lose. If you lose, you will not mind so much. But if you get lucky, it is a great addition to your source of income.

It’s obviously a magic, genius derive from the words “genie” “in” “us”, that’s exploring the genius inside ourselves, make magic out of the resources we have, Wright brothers create magic out of the knowledge they have, they create the first flying object, the first airplane, everybody called them magician, Albert Einstein discover first light bulb, everybody called him magician, magician make magic out of knowledge they learn from chemistry, they make people laugh and happy with magic, the same goes for investing, it’s a magic and make people happy and quit their job.

Self hating nerd that want to escape from reality into the cyberpunk.
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March 07, 2020, 04:32:53 PM
 #58

investing in what ? cryptos just because we are on the crypto forum or other assets are included on here  ?

 investing in crypto is unstable but more profitable  , you can cash out your earning and save those earning but on other stable assets they can work out mostly long term . between the two  , you can retire as early as posible if you grab cryptos  but if you grab the much stable assets then you need to work to support your needs and also to save up as well   .
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March 07, 2020, 04:33:01 PM
 #59

Well what you are saying makes absolute sense but what If I don't wanna quit my job because I love my job ? Tongue Wink I know there are very few people out there who can say this and that's the saddest part . Isn't it? We often run after the money instead of running after satisfaction .

Then you’re absolutely workaholic, people who addicted to working and being very busy, have a lot of errand to commit to all the while, they have my deepest respect, they contribute to the economy output for the country.

Self hating nerd that want to escape from reality into the cyberpunk.
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March 07, 2020, 04:35:10 PM
 #60

I have this dream since I was a kid, but only with BTC I started to do my plan and follows

I have a passive income with BTC and cryptos and this teaches me a lot of things that helping me in my daily life

I see most people talking about being almost impossible to stop working but they are not stoping wasting money

We have to change our comfort, luxury, ultimate tech stuff and a lot of another things to achieve this goal, it's not easy, but the rewards will be for the rest of your life, I'm doing this, but when I talk to people around be, no one wants to stop buying new cars, new clothes every month, trips etc etc

We need to stockpile toilet paper, ramen, face mask, water, food, the rainy day is getting closed, then you need to spend money to get them from Walmart.

Self hating nerd that want to escape from reality into the cyberpunk.
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