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Author Topic: Start investing so you can quit your job and retire early.  (Read 1251 times)
gaston castano
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March 14, 2020, 04:57:01 PM
 #121

In order to invest you need certain preparation an education on what to invest and how to invest, you can not start investing just like that.


that's why he says start investing as early as possible, or you can take classes on economics or whatever it is that helps you to determine which investments are good.
so if you make a mistake you can fix it as soon as possible.
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March 14, 2020, 10:24:33 PM
 #122

In order to invest you need certain preparation an education on what to invest and how to invest, you can not start investing just like that.

that's why he says start investing as early as possible, or you can take classes on economics or whatever it is that helps you to determine which investments are good.
so if you make a mistake you can fix it as soon as possible.

Without a doubt here in Australia a persons Superannuation is a safety net to fall back on, but it shouldn't be the only form of self-funded retirement scheme that you should rely on.

Superannuation is a form of "set and forget" investment - a fixed amount comes out of your wages each pay day and is invested for you.  Similarly, if you can automate the purchase and deposit of bitcoin into a paper wallet through services such as https://www.getpaidinbitcoin.com.au/ where you can deposit fiat and crypto is sent to one or more bitcoin wallet addresses.  Whenever you convert say $100 into BTC, set it up to deposit $10 into a paper wallet.  You won't notice it the small amount discrepancy and if the paper wallet is in a safe location, then you won't be tempted to take it out later on.  (Essentially you set and forget)

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March 15, 2020, 02:17:19 AM
 #123

Start investing right now to get much profit and bring opportunity when bitcoin keep going down, but when bitcoin have going up you will know how much profit earn from bitcoin and altcoin, you will able buy with lower price.
Investing in bitcoin or in cryptocurrency, in general, is just another way that you can diversify your investment for retirement. But if you will actually get your retirement out of a certain investment, you really have to think of it wisely.
Your spending habits will be your one factor if you think it's suitable for you to lean on that investment that you're planting today and if it can sustain your lifestyle in the future.

Take a mirror and reflect yourself, you work for someone else everyday and torture your body to work despite your body getting sick from all the workload, but you keep pushing yourself to the point that your body finally collapses and Corona virus can easily  get into you body and destroy it, you have only a pair of arm and leg, it’s the god given gifts to you, but you decide to destroy this most valuable gifts for a paycheck that you don’t even know why you’re working endlessly and knowing you wouldn’t have pension to take care of you when you get old, I look at my arm and leg, I tell myself, I will use this god given gifts to travel the world and enjoy the life but not for the paycheck nor to sacrifice myself to this endless debt cycle, or follow the school system that taught us to be useful to the society and sjw teaching that every men should be bread winner that make money until they die.
I'm reflecting on it and I'm aware of employment, full-time, part-time, contractual and side gigs. I know that we shouldn't be working forever and that's why we're all planning our retirement. But for starters and young professionals, they have to get employment at first so that they will understand the industry or how it feels to be. It doesn't matter whether they'll be employed for a week, a two or a month. They have to realize and understand how it feels to be working forever without a plan getting out of the rat race.

Damn just after working for few years my feet start to failed me, my right foot are feeling sore crazy, I think I’m going to be disabled soon if I keep going on, I can’t inagine the people who can work so decade or even to their retirement (if they have any retirement in mind LOL), that’s crazy I haven’t even understand how this world work and I’m forced to work for this endless debt cycle, just still a kid who are clueless to this world, child labour are going rampant not diminishing, many people work and get killed on accident, you may feel lucky that you only loss your arm in accident, isn’t it what they sjw tell you? And they will tell you to get back to work and stfu unless you’re dead so don’t protest.

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March 15, 2020, 06:47:42 AM
 #124

If investing was as easy as you described, no one would work. Passive income is possible for skilled and well-educated persons only. And don't forget about an initial capital for investment.
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March 15, 2020, 09:49:20 AM
 #125

...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.

People already know this and some are already working on it. However, it's not that simple and people can just start right away as we are living in different life standards. And even some already owned an investment, working will not stop there. They still have to manage it along the way.

Investment is not a joke and to start it just to hope for a literal passive income isn't a good idea for me. People should invest to have a stable and regular source of income and not to rely on passive ones. Of course, it needs works but it's happy to work on something that we owned that generates a regular and good revenue. The effort and time spent is worth it.

You are right, easier said than done. Also, passive income most of the time ended up not really passive as along the way, it stops for no reason. I don't believe in passive income as there are so many factors that will contribute to sustain its lifespan. And if one factor is not working, the chain would be derailed and goodbye to passive income that you are waiting for. And in terms of investment, not all people are lucky with this area. It takes a lot of experience and skill to get positive results from this.
You can’t quit your job, you can’t work for your entire life, you need to invest eventually, it’s now or never.

Investing still needs good capital and in order to have a passive income and that's one of the reasons why we have to strive to work while we're still young. We can't invest now and quite our job instantly because there are still things that we have to consider. Using our savings as an investment is another strategy for us to have a good start but we're always advised to invest what we could afford to lose. Enough knowledge and time to pursue passive income is also necessary because investment alone wouldn't work on its own without effort.
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March 15, 2020, 10:27:20 AM
 #126

If investing was as easy as you described, no one would work. Passive income is possible for skilled and well-educated persons only. And don't forget about an initial capital for investment.
Investing is really hard, if you are not that rich and your family is not financially stable. Passive income for small investment is nothing compare to your monthly bills and needs. If you want that your investment income will cover your monthly needs then, you need a big investment capital to do that. What you need really is business so you can quit your job and make an early retirement. Investment is the second thing you need if you establish a business. It's hard, but if it works then, you will be financially free for the rest of your life.

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March 15, 2020, 12:33:41 PM
 #127

When I read something like "quit your job/passive income" my lamp for scam is turned on.
How can someone recommend you to do something like that. Thats the good story, Mark Z, Elon Musk and other people, but they are 10 in 7 billion.
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March 15, 2020, 01:06:28 PM
 #128

When I read something like "quit your job/passive income" my lamp for scam is turned on.
How can someone recommend you to do something like that. Thats the good story, Mark Z, Elon Musk and other people, but they are 10 in 7 billion.

That’s correct the elements of scams is in itself, that’s also the beauty of investment because it will dictate the scammers but only blessing the one who’s truly well deserve it deep in their heart, do you recognise any publicly listed billionaires on their achievement and compare to those ill-gotten wealth trilllionaire politicians who refuse to have their names being mentioned on Forbes richest list? The few openly known billionaires are typically American nations or Chinese nations, we wouldn’t got to see Mugabee who hoard the entire nation wealth name to be listed on Forbes, there is too many money got into the hand of the corrupted people, the people who control 99% of the wealth are those politicians, Elon Musk could be just the nobody in their eye even though his contribution to the society is immeasurable, I think satoshi even stand no chance to beat their ill-gotten wealth.

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March 15, 2020, 01:19:56 PM
 #129

If investing was as easy as you described, no one would work. Passive income is possible for skilled and well-educated persons only. And don't forget about an initial capital for investment.
Investing is really hard, if you are not that rich and your family is not financially stable. Passive income for small investment is nothing compare to your monthly bills and needs. If you want that your investment income will cover your monthly needs then, you need a big investment capital to do that. What you need really is business so you can quit your job and make an early retirement. Investment is the second thing you need if you establish a business. It's hard, but if it works then, you will be financially free for the rest of your life.

Investing is no doubt not easy, but for the billionaires, investing is the easy part, they’re facing even tough life after becoming billionaires, their life of being billionaires are being dictate everyday from the corrupted politicians who constantly want to get their hand on those money they well deserve it, the life of a billionaires is no longer about making more money, but to educate the entire nations to open their eye widely and see the clear pictures to what’s the reason we are all poor and our country are in chaos, that’s the true challenge to the billionaires, they need to change the people mindset, that’s far more difficult than investing, I always have respect to the billionaires who can change the world to the better, they’re truly deserve it, I respect Bill Gate and Steve Jobs for creating the personal computer operating system, without their contribution, we will be still living in the feudalism medieval age that we kill each other and not knowing the truth who benefit by profiteering from wars, who sell weapons of mass destructions to whom, and who is being ordered to kill and be killed, for the name of saving the country and also enrich the pocket of the few elite families who fund the world wars, blood is money in their eye.

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March 15, 2020, 01:33:28 PM
 #130

...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.

People already know this and some are already working on it. However, it's not that simple and people can just start right away as we are living in different life standards. And even some already owned an investment, working will not stop there. They still have to manage it along the way.

Investment is not a joke and to start it just to hope for a literal passive income isn't a good idea for me. People should invest to have a stable and regular source of income and not to rely on passive ones. Of course, it needs works but it's happy to work on something that we owned that generates a regular and good revenue. The effort and time spent is worth it.

You are right, easier said than done. Also, passive income most of the time ended up not really passive as along the way, it stops for no reason. I don't believe in passive income as there are so many factors that will contribute to sustain its lifespan. And if one factor is not working, the chain would be derailed and goodbye to passive income that you are waiting for. And in terms of investment, not all people are lucky with this area. It takes a lot of experience and skill to get positive results from this.
You can’t quit your job, you can’t work for your entire life, you need to invest eventually, it’s now or never.

Investing still needs good capital and in order to have a passive income and that's one of the reasons why we have to strive to work while we're still young. We can't invest now and quite our job instantly because there are still things that we have to consider. Using our savings as an investment is another strategy for us to have a good start but we're always advised to invest what we could afford to lose. Enough knowledge and time to pursue passive income is also necessary because investment alone wouldn't work on its own without effort.

In my opinion, investing is in a big part about mindset and a bit about money, you can have all the entire nation wealth’s but still you would make a very bad investing decision, I’m talking to 401k here. With a willing to help mindset on you, and a little capital you can make a totally world of change, I’m talking about Steve Jobs who get into bankruptcy all the time while still become the founder of the world most highly valuable publicly traded company, because Steve Jobs are a small part greedy for money and a big part mindset trying to help the people, Steve Jobs are greedy too but not to the point of heartless and looking for wealth in killing people.

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March 15, 2020, 01:53:13 PM
 #131

We all have our own ways on how we can escape poverty and make passive incomes. We all have our different times, some may end up getting rich at a very young age while some takes a long while before becoming stable. Investments can be very useful if you want to secure a good life in the future but doesn't necessarily mean you should quit your job after getting much from investing. You can still keep on working so that if ever there's an emergency, you wouldn't experience any trouble in terms of money. It can be crypto investment or fiat investment, whatever it is, you need to make it work so that your time wouldn't be wasted for nothing.

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March 15, 2020, 02:22:52 PM
 #132

It is not that easy for anyone to start investing without proper knowledge about investment, I have seen quite a few people who have lost a lot of their savings with bad investment choices made, I guess it is always better to learn about investment slowly by investing small amount of money first and wait to see the final result of that investment before deciding what to do next.

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March 15, 2020, 03:17:52 PM
 #133

Yeah, I agree that not everyone can save for themselves, I have been trying to save for a long time, glad fully I have some saved aside thanks to some bounty bonus I did that turned out to be a good amount and it is totally saved aside but I fail at monthly saves.

I can't just spend the money I earn and keep some of it aside, hell I can't even cover that every month so I have to spend some of my investments time to time, thankfully that is rare but it happens as well. So, how could one person who fails to even pay for monthly expense manage to put some money aside. I will keep trying to do it but I just fail at it.

Now, I have about 25k saved somewhere (gold, crypto, interest etc etc) but I don't even know a proper passive income that would make sense and be not so risky neither.
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March 15, 2020, 07:41:17 PM
 #134

It is not that easy for anyone to start investing without proper knowledge about investment, I have seen quite a few people who have lost a lot of their savings with bad investment choices made, I guess it is always better to learn about investment slowly by investing small amount of money first and wait to see the final result of that investment before deciding what to do next.

I’m not going to blame anyone, personally I had seen people loss money in stock market, first in 97 I heard that my mum talking about her elder brother getting into some type of scam in the past nobody aware of stock market existed but we just know he’s investing into something but trying to hide it when loss the money in the crashes, and also by the time in 97 internet was not as robust as today, you can’t access internet with windows 95 (LoL) as the time pass we finally know the truth so that’s stock market that he’s dabbling and loss the pension fund he had saved up, then once again in 2008, this time it was my friend talking about his dad, who recently retired from managerial title and have a million in pension(that’s a lot in 2008), investing into some franchise company selling ice cream, of course with ALL the pension money he have, I think he’s being promised 10% ROI for the investment, kinda same like bitconnect, they promise safe investment, grade A investment, backed by big fund, etc, and yeah you already know that loss the entire money into the scam, although I can’t do anything but just listen to what they say, but strangely for the highly educated people they easily get scammed, many blame about their low emotion for trusting a scammer with their pension money, by now I think it kinda make sense what is happening in 2008, many people loss a fortune into the stock market, btw it is 2020, the stock market recently crashed too, in waiting to see who’s going to be the next one crying scam and who’s going to be the losing entire pension into the investment, I haven’t heard anybody talking about losing their pension yet, may be people are getting too smart and they didn’t put any money into stock market?

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March 15, 2020, 08:04:20 PM
 #135

Anyone who wants to be investing should know what kind of investment they should go into, and doing that means that you should know the level of risk you can tolerate and how much you can afford to risk in investment. If you’re the type that likes to take huge risks and you have a lot of money, then Bitcoin is a good choice to go with and there is a good chance that you can make huge profit from a long term investment, if you can put away a certain amount of money for that long.

It is not a must that everyone will invest in Bitcoin, there are also other investments like gold, bonds, farms and the rest of them. Do proper research and you decide for yourself what’s best.

I’m always advocate risk-free investment, there is all sort of scammers in this world, they know how to dupe people deep in their hearts, scammers know you want risk-free investment because nobody can afford to loss their pension fund into investing, and the scammers team up with more scammers and develop a new scam that promise “risk-free” investment” and trying to sell to the pensioners, the pensioners being duped and believe in the words of the scammers who plead about “risk-free” investment, and they get duped into investing the “risk-free investment” sold by con artist, that’s intriguing people have poor comprehension on word by word definitions, they get duped by words of mouth, and very common for the highly educated one who get duped by the keywords in the portfolio the scammers sell to them.

Well,  what’s risk-free investment? You may tell me it’s all but hoax no such thing as risk-free but only scams. That’s not entirely wrong, however risk-free investment still exists, but they’re usually only controlled by the few elites who work for the big bankers, and yeah all big bankers have all the risk-free investment, you can read some book, Grunch of Giants who debunk the risk-free investment produced by south sea company.

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March 16, 2020, 04:01:32 AM
 #136

everybody wants it, it's just that all investments need money, and now people are working to collect it. even after they have the money, they will think of a safe and promising investment place. I already have several plans for that, it's just that money is the main factor in this matter. Well, we have the energy, and that is something we can use right now to make money.
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March 16, 2020, 04:38:19 AM
 #137

In order to invest you need certain preparation an education on what to invest and how to invest, you can not start investing just like that.
You need to plan out everything before investing because in just a snap, your money might be gone if you put it into a wrong investment. You can also try to seek the help of the experts and try to ask them about the factors that you should consider before investing.

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March 16, 2020, 10:29:34 AM
 #138

Damn just after working for few years my feet start to failed me, my right foot are feeling sore crazy, I think I’m going to be disabled soon if I keep going on, I can’t inagine the people who can work so decade or even to their retirement (if they have any retirement in mind LOL), that’s crazy I haven’t even understand how this world work and I’m forced to work for this endless debt cycle, just still a kid who are clueless to this world, child labour are going rampant not diminishing, many people work and get killed on accident, you may feel lucky that you only loss your arm in accident, isn’t it what they sjw tell you? And they will tell you to get back to work and stfu unless you’re dead so don’t protest.
You are lucky to understand that employment or working for someone isn't for you. There are not that much people who's willing to take risk and only wants to be employed forever because there's a stable income and benefits being like one. But for people that doesn't see the beauty of it wants to have freedom but the income wouldn't be as stable as being employed and we're lucky to have that kind of feeling because we don't like it and it's not for us. But we can't blame the people who wants to work for a certain work forever.

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BC.GAME
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..CASINO....SPORTS....RACING..
Broly46 (OP)
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March 16, 2020, 12:50:11 PM
 #139

Damn just after working for few years my feet start to failed me, my right foot are feeling sore crazy, I think I’m going to be disabled soon if I keep going on, I can’t inagine the people who can work so decade or even to their retirement (if they have any retirement in mind LOL), that’s crazy I haven’t even understand how this world work and I’m forced to work for this endless debt cycle, just still a kid who are clueless to this world, child labour are going rampant not diminishing, many people work and get killed on accident, you may feel lucky that you only loss your arm in accident, isn’t it what they sjw tell you? And they will tell you to get back to work and stfu unless you’re dead so don’t protest.
You are lucky to understand that employment or working for someone isn't for you. There are not that much people who's willing to take risk and only wants to be employed forever because there's a stable income and benefits being like one. But for people that doesn't see the beauty of it wants to have freedom but the income wouldn't be as stable as being employed and we're lucky to have that kind of feeling because we don't like it and it's not for us. But we can't blame the people who wants to work for a certain work forever.

The point is they don’t even understand why satoshi create a brand new currency that completely cut tie off with existing one, because the currency we are working on for paycheck are totally blinding us years after years, decades after decades, we wasted a lot of time working to enrich the lazy parasite who contribute nothing but create more debts, while our useful energy not going into helping the poor kids to get ahead in life, people are wasting too much youth working for a corrupted currency, few people want to change that, they want people to create more jobs create softwares to help the people, create computer to help people get educated and get ahead in life, create a utopian nation in this corrupted world, but it’s not easy, they need a new currency that wouldn’t get dictated again by the capitalism, I think bitcoin might be failing in this department, but what else can we do except keep chasing for the same rules and play the same capitalism game and get poorer and poorer by day, yet we are fooled and confused and misinformed and we blame each other for our problem yet we praise the lords who leeching us forever for providing us with a steady paycheck job that’s killing our soul inside out working for the sweat shop that the lords force us into.

Self hating nerd that want to escape from reality into the cyberpunk.
Broly46 (OP)
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March 16, 2020, 01:07:38 PM
 #140

everybody wants it, it's just that all investments need money, and now people are working to collect it. even after they have the money, they will think of a safe and promising investment place. I already have several plans for that, it's just that money is the main factor in this matter. Well, we have the energy, and that is something we can use right now to make money.

True that’s what capitalism want you to feel, they want you to keep chasing the same rules they’re setting up for you, they want you to keep working on the goal that they carefully crafted, you’re just an economical and political output in their eye but you don’t even know why, you think you’re working for a better future, its a reality check for you, you’re clearly working to enrich the regime as bad as Mugabe who robbing the entire nation wealth yet create no job copportunities to anyone, and you even praise Mugabe for being so rich and give you a secure job with decent paycheck but no pension to you because Mugabe want to use all that money to enrich his entire heirs of 666 generations of Mugabe regime, and keep ruling the people with the same regime that turn all of you into chasing the same fraudulent rules.

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