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Author Topic: Start investing so you can quit your job and retire early.  (Read 1247 times)
Broly46 (OP)
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March 07, 2020, 04:40:12 PM
 #61

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.

You can make money working for Uber, I think it’s plausible to make money, provide you’re hardworking, it’s the same as working for paycheck. Elon Musk and Mark Zuckerberg may beg for differ, they are great investors.

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March 07, 2020, 07:53:42 PM
 #62

I really want to do this as well but it is really hard when you are not making enough money to cover your expenses every month. I mean in order to save some money you have to make enough money to not live but also put some aside, I am literally making a net loss every month so it is quite impossible for me to start investing. I have tried some back in the day from the extra money that I got from some bounties and so forth but all in all none of that really turned out to make me rich neither, not at least enough to retire early.

My new idea is to make money from crypto world however pour that back into real world to have a more sustainable and understandable investment. I know we all love crypto here but I think it is time to have a more realistic investment than just some coins.

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March 07, 2020, 07:59:15 PM
 #63

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.
Probability of making profits from day trading could be 3 to 5% even on a normal day so playing little bit of fee won't hurt the traders as long as they are making profits and also there are some ways to reduce the trading fee like holding exchange's token will get discount on the fee like BNB on Binance.

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March 07, 2020, 11:36:16 PM
 #64

That's right and the most important thing is to have special skills so that you can have your own line of business early on, because having your own line of business is also a form of long-term investment if you have good skills to manage it so that it remains consistent to continue to grow and increasingly popular in the community. There are many forms of investment and indeed, we should make investments from now on, because with us starting faster then that will improve our experience and skills in this circle.

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March 07, 2020, 11:57:00 PM
 #65


Everybody want to get rid of their life and they’re working day in day out, 24/7, never ending working, we are miles better, with avarage US employee work 1768 hours per year or 38.6 hours per week, better than Beijing 2096 hours, Tokyo 1997 hours, Shanghai 1987 hours, Seoul 2307 hours, Dubai 2323 hours, New Delhi 2511 hours, Mexico 2622 hours.

The table didn’t deduct the time spend on commuting to work, lunch break, commuting to home, and yes, we are more than 10% better than busy Japanese working culture.

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 that can give you stream of cash flow every months without working, so that you can begin to planning your life and travel to enjoy what the exciting world await your visit. Don’t wait until you’re too old, start investing and living the life of your dream.
Indeed,  I have know a lot of my relatives and neighbors that even if they are already old they still need to work for their needs or to live day by day. I also think that, investing and considering it early in our lives would have a great impact on us when we get older and we realize that life is short to be wasted only for work. We should somehow have the mindset to always think of what is more better and would help us in the future, we should not always think of the present but we should anticipate what is to come.


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March 08, 2020, 08:12:34 AM
 #66

Although some time you got much profit from investing in bitcoin and altcoin never quit from your job, always have bigger chance when your investing have lower price and you lost much money from your investment in bitcoin and altcoin, it will be the way to get income from your job.
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March 08, 2020, 08:23:53 AM
 #67

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.
Probability of making profits from day trading could be 3 to 5% even on a normal day so playing little bit of fee won't hurt the traders as long as they are making profits and also there are some ways to reduce the trading fee like holding exchange's token will get discount on the fee like BNB on Binance.

Tell that to maximalist who hoard for life long.

Self hating nerd that want to escape from reality into the cyberpunk.
Broly46 (OP)
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March 08, 2020, 08:30:15 AM
 #68

I really want to do this as well but it is really hard when you are not making enough money to cover your expenses every month. I mean in order to save some money you have to make enough money to not live but also put some aside, I am literally making a net loss every month so it is quite impossible for me to start investing. I have tried some back in the day from the extra money that I got from some bounties and so forth but all in all none of that really turned out to make me rich neither, not at least enough to retire early.

My new idea is to make money from crypto world however pour that back into real world to have a more sustainable and understandable investment. I know we all love crypto here but I think it is time to have a more realistic investment than just some coins.

Keeping your expense low, not spend below your means, that’s might be cherry picking, but you can keep your expense low by having passive income, you need to spend below your mean for active income. You must want to be in the position that benefit the most, which one is it?

Self hating nerd that want to escape from reality into the cyberpunk.
Broly46 (OP)
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March 08, 2020, 08:36:15 AM
 #69

That's right and the most important thing is to have special skills so that you can have your own line of business early on, because having your own line of business is also a form of long-term investment if you have good skills to manage it so that it remains consistent to continue to grow and increasingly popular in the community. There are many forms of investment and indeed, we should make investments from now on, because with us starting faster then that will improve our experience and skills in this circle.

Investors must be very skillful, they also need to have the know how of earth and heaven, life and death, dragon and tiger, also kung fu.

Self hating nerd that want to escape from reality into the cyberpunk.
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March 08, 2020, 08:39:37 AM
 #70


Everybody want to get rid of their life and they’re working day in day out, 24/7, never ending working, we are miles better, with avarage US employee work 1768 hours per year or 38.6 hours per week, better than Beijing 2096 hours, Tokyo 1997 hours, Shanghai 1987 hours, Seoul 2307 hours, Dubai 2323 hours, New Delhi 2511 hours, Mexico 2622 hours.

The table didn’t deduct the time spend on commuting to work, lunch break, commuting to home, and yes, we are more than 10% better than busy Japanese working culture.

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 that can give you stream of cash flow every months without working, so that you can begin to planning your life and travel to enjoy what the exciting world await your visit. Don’t wait until you’re too old, start investing and living the life of your dream.
Indeed,  I have know a lot of my relatives and neighbors that even if they are already old they still need to work for their needs or to live day by day. I also think that, investing and considering it early in our lives would have a great impact on us when we get older and we realize that life is short to be wasted only for work. We should somehow have the mindset to always think of what is more better and would help us in the future, we should not always think of the present but we should anticipate what is to come.


Compounding effect will outpace your lifelong hardwork in a great margin.

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March 09, 2020, 11:58:15 PM
 #71

Investing it is a good idea if we earn more in comes on trading, But for me I dont have a plan yet to quit my job because Ill need it as of now. Maybe on when I earn more in trading can build more business Ill think that was a time for me to quit my job. I plan this on when I come in crypto currency that would be better have a time make my own decision so for now I need to ear more before to make a move.
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March 10, 2020, 01:07:55 AM
 #72

We can start investing but why should we stop working? I'm not against investing but if you really want to earn a lot, you can still work but not to the point that you exhaust yourself from working. What I mean is that even those successful and rich people, they still work everyday even though they already invested in something. So it means, if you really want to be successful in life, you shouldn't just stop from investing. You can thrive harder.
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March 10, 2020, 05:56:16 AM
 #73

The problem is that it's not that simple, unfortunately. In this crypto world, even good ideas are out of your control.
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March 10, 2020, 06:16:43 AM
 #74

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 that can give you stream of cash flow every months without working, so that you can begin to planning your life and travel to enjoy what the exciting world await your visit. Don’t wait until you’re too old, start investing and living the life of your dream.
That's the best plan you could do to generate more money. I know that there's no risk-free business at all but facing the risks is worth if you succeed. So for those weak hearted or those who don't have the confidence of establishing their own business, be courageous and continue pursuing Smiley. Don't worry about the losses because it can be prevented after all. Just like the old saying, "Work smarter, not harder". Let the money work for itself.
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March 10, 2020, 06:28:28 AM
 #75

In general, you and I are aiming to make money. But everything is not easy, so start investing. Capital issues and knowledge for investment. I think it will be the basis for getting started, but that isn't something everyone can do. Instead of advising people to invest early, I think you should tell people to do well the work that suits their ability, then they can think of other ideas for making money. This is gonna be better, man.

1+1+1=2+1
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March 10, 2020, 01:48:04 PM
 #76

...then you should start investing and start generating your passive income that can give you stream of cash flow every months without working,..

Easier been said than done.

-snip


Elon Musk did it
Mark Zuckerberg did it
satoshi did it
Don’t loss your hope

Well, They all started at the bottom. They work hard and smart to achieve the things they have today. I'd agree that it's easier to say, though everyone has capability to do it as long as an individual take every possible tool available as an advantage.

Tbh, This will take time and a lot of trial and errors will be done. Patience and effort are a factors in this case. Investing is not a 1 day course that anyone can learn instantly. Those person you've mention above, also gone through this process and still going through it on a daily basis. Investing has big world, and without proper knowledge in it, a newbie can easily be swallowed.
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March 10, 2020, 02:41:18 PM
 #77

In my own opinion, it is very easy to say but hard to do because investing your money in cryptocurrencies or in other things is not really sure if it can give you an enough profit just to provide all of your neccesities and pay all of your bills. Investing your money is a risk, that is why you should not leave your job or retire early because it is more better to invest your money while having a regular job for you to provide the things that you need.



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March 10, 2020, 03:31:16 PM
 #78

Maybe for some people, they see work as just a way in order to earn money for a living, but to some people, they see work as their passion and I don't see any problems with that. Yes, having vacation and resting is really good, and most people will like that, but being always in a vacation and not having any work just because you are earning money from an investments (if you are earning good ROI) could be really boring. Yes, you'll enjoy it at first, but you'll always seek for something to do.
Also, remember that investing does not give guaranteed profit, knowledge and capital is also needed in this. If you doesn't have this things, earning could be really difficult.
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March 10, 2020, 05:36:45 PM
 #79

Honestly, this is one of the hardest things in life to do when you are married and have a family not because it will cost you more money (it will but that's another topic) but because you want them to live a better life and it is not just about you anymore. I can live with bare minimum life but do I really want to offer my wife the bare minimum as well? No. I want her to live the best life possible that she can live and that causes me to spend more money to provide a decent life for her.

Plus, not everyone lives in a first world country, if you live a third world country living even a decent life is very expensive, the average is basically starvation in many nations so if you live a decent life and go out twice a week you are basically considered rich as well.

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March 10, 2020, 05:52:48 PM
 #80

Honestly, this is one of the hardest things in life to do when you are married and have a family not because it will cost you more money (it will but that's another topic) but because you want them to live a better life and it is not just about you anymore. I can live with bare minimum life but do I really want to offer my wife the bare minimum as well? No. I want her to live the best life possible that she can live and that causes me to spend more money to provide a decent life for her.

Plus, not everyone lives in a first world country, if you live a third world country living even a decent life is very expensive, the average is basically starvation in many nations so if you live a decent life and go out twice a week you are basically considered rich as well.
This is one of the reasons I hear the most when it comes to the difficulty of saving and investing and you are right, if you are single not only your expenses are going to be many times lower you can choose what comfort level you are willing to accept and save the rest of your money, but when you have a family then it is not longer about you, however there is a way to solve this and that is to evaluate very honestly if the additional expenses you are making actually improve the quality of your life, if they do not then you can get rid of them and save that money instead.

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