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Author Topic: Start investing so you can quit your job and retire early.  (Read 1247 times)
Betwrong
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March 16, 2020, 01:14:19 PM
 #141

~
Elon Musk did it
Mark Zuckerberg did it
satoshi did it
~

All of the above are very educated people. You can't say to a random person "Start investing so you can quit your job and retire early." because it can turn into a disaster for them. The only thing that's always worth investing in is your education. The thing is that even if you succeed in making money without being educated, those money will hardly make your life better. So, first things first, get a good education, and only after that start thinking on where to invest.

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Broly46 (OP)
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March 16, 2020, 01:25:36 PM
 #142

~
Elon Musk did it
Mark Zuckerberg did it
satoshi did it
~

All of the above are very educated people. You can't say to a random person "Start investing so you can quit your job and retire early." because it can turn into a disaster for them. The only thing that's always worth investing in is your education. The thing is that even if you succeed in making money without being educated, those money will hardly make your life better. So, first things first, get a good education, and only after that start thinking on where to invest.

No contest to that, I can fathom all of them are far more insightful than many people miles ahead, they’re totally unlearning themselves to the school education system, I’m not sure what are you going to suggest, when the entire social system is designed in a way that promoting “go to school, get good result with flying color, get a job with benefit, invest into well diversified portfolio, get married and you’re set for life.” You can’t get a good education with current social order, that’s a losing envaedor, personally I don’t even know what to do to educate people, may be create smartphone create awareness on Facebook, create software and so on, but with massive amount of fake news spending all over the internet, you can’t even educate people as easy as it used to be in 2008, that’s trying too hard, the capitalism always get away from it.

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March 16, 2020, 05:15:56 PM
 #143

Investing is good but anyone who is investing should mind the kind of investment they do, it’s not every asset you see that you should be investing in, and you risk tolerance matters a lot. If you don’t want to take a high risk then you should go for less risky investments.

Bitcoin is not the only investment I am into, I know that Bitcoin and other cryptocurrencies are volatile, so when I invest, I set out a particular amount of money for cryptocurrency and invest around 70 – 90% of the money in Bitcoin and the remaining goes to others, especially Ethereum, Bitcoin Cash and Litecoin. Then other investments I consider are bonds and similar annual Investments.
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March 16, 2020, 05:30:11 PM
 #144

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.

It is very vital for everyone who want to invest first to understand the business mode in which want to invest the money . Secondly always have a backup ready so that you have an exit way ready if the need be . Thirdly allocate properly so that you do not put all your eggs under one basket . Fourth start at the time when market is down which is the best time to invest when others are fearful .

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March 16, 2020, 06:03:24 PM
 #145

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.

Not trying to mocking, any typical boomers and any typical student loans would easily amounting to 25k, but it’s very fortunate to even have any saving at this climate when austerity recession going on for so many years, and the golden age of economical boom is so over too many year ago, the boomers also reap every profit imaginable, we are fighting for the remaining 2% of GDP growth that’s left to grab, I’m also planning what to do with the saving that we have right now, the thing people seem to be doing is hoarding precious metal coins, it’s sort of risk-free, because your dollar value will be the same if the precious metal market crash, if the precious metal market soaring high you can melt the coins for its metal value, it’s a sure win investment no matter which way the market goes.

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Smitty Werben Man Jensen
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March 16, 2020, 10:24:01 PM
 #146

if investing in cryptocurrency seems to be a little difficult to get results, especially if you invest 100% money into cryptocurrency the risk you face will be large, it's better if you already get a job do not get out, because you can regret later

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March 16, 2020, 11:04:23 PM
 #147

if investing in cryptocurrency seems to be a little difficult to get results, especially if you invest 100% money into cryptocurrency the risk you face will be large, it's better if you already get a job do not get out, because you can regret later
It would be less risky of course if you start a little investment while working so that if you fail in your investment, you still have another revenue for your income. Investing would be very ideal especially for the soon to retire people but let's face the fact that not all people are given opportunities to make an investment due to shortage of capital and your own income is just enough to feed your family.

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March 17, 2020, 06:00:16 AM
 #148

if investing in cryptocurrency seems to be a little difficult to get results, especially if you invest 100% money into cryptocurrency the risk you face will be large, it's better if you already get a job do not get out, because you can regret later
if it is not certain in getting benefits from this, you should not quit the job. yeah, that's the best. however, many people are looking for work out there. do this when you truly believe that your investment is good enough to provide results every month.


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March 17, 2020, 06:36:03 AM
 #149

Regular jobs are not permanent especially with the huge economic crisis they will surely lay off thousands of employees like Wayfair did. Even if you spent your whole lifetime promoting and building the company you will still get let go regardless of the good deeds you've brought to the company. So investing and getting a proportion of your salary to put it in any asset it doesn't have to be Bitcoin but it can be also a good investment to profit and become financially free.

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March 17, 2020, 06:59:25 AM
 #150


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.

I like the idea but what you mention only can do if we have job and money, every activity have prices. Start with saving and learn world out side reality will open our mindset about future, the problem is we don't want to try if already  on safe zone. Get out now and use your time and money to get cash, after that we can learn about invest/ trade to get financial freedom.

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March 17, 2020, 02:09:15 PM
 #151

~
Elon Musk did it
Mark Zuckerberg did it
satoshi did it
~

All of the above are very educated people. You can't say to a random person "Start investing so you can quit your job and retire early." because it can turn into a disaster for them. The only thing that's always worth investing in is your education. The thing is that even if you succeed in making money without being educated, those money will hardly make your life better. So, first things first, get a good education, and only after that start thinking on where to invest.

No contest to that, I can fathom all of them are far more insightful than many people miles ahead, they’re totally unlearning themselves to the school education system, I’m not sure what are you going to suggest, when the entire social system is designed in a way that promoting “go to school, get good result with flying color, get a job with benefit, invest into well diversified portfolio, get married and you’re set for life.” You can’t get a good education with current social order, that’s a losing envaedor, personally I don’t even know what to do to educate people, may be create smartphone create awareness on Facebook, create software and so on, but with massive amount of fake news spending all over the internet, you can’t even educate people as easy as it used to be in 2008, that’s trying too hard, the capitalism always get away from it.

Self-education is becoming easier year by year, and this process is irreversible. For now people who know English are in an advantageous position, because mostly some great free educational stuff is in English, but later, I'm sure, it will be available in all languages. And since the education is not free yet for most of the people, I think that the best option is investing in your education. It can be classes in your local language, or some English courses, it doesn't matter. What matters is understanding that making money with your skills and knowledge is much more preferable than making money with money(which happens with investing in the best case scenario.)

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March 18, 2020, 06:42:23 AM
 #152

~
Elon Musk did it
Mark Zuckerberg did it
satoshi did it
~

All of the above are very educated people. You can't say to a random person "Start investing so you can quit your job and retire early." because it can turn into a disaster for them. The only thing that's always worth investing in is your education. The thing is that even if you succeed in making money without being educated, those money will hardly make your life better. So, first things first, get a good education, and only after that start thinking on where to invest.

No contest to that, I can fathom all of them are far more insightful than many people miles ahead, they’re totally unlearning themselves to the school education system, I’m not sure what are you going to suggest, when the entire social system is designed in a way that promoting “go to school, get good result with flying color, get a job with benefit, invest into well diversified portfolio, get married and you’re set for life.” You can’t get a good education with current social order, that’s a losing envaedor, personally I don’t even know what to do to educate people, may be create smartphone create awareness on Facebook, create software and so on, but with massive amount of fake news spending all over the internet, you can’t even educate people as easy as it used to be in 2008, that’s trying too hard, the capitalism always get away from it.

Self-education is becoming easier year by year, and this process is irreversible. For now people who know English are in an advantageous position, because mostly some great free educational stuff is in English, but later, I'm sure, it will be available in all languages. And since the education is not free yet for most of the people, I think that the best option is investing in your education. It can be classes in your local language, or some English courses, it doesn't matter. What matters is understanding that making money with your skills and knowledge is much more preferable than making money with money(which happens with investing in the best case scenario.)


Let take a look at the macro level of today dilemma faced by young men. Bank would allocate equal fund to two group of people, one being the smart one (the “A student”), one being the dumb one (the “C student”), “A student” would often time go to study higher education, while “C student” would often go to start a business or simply settle down and get married. Fast forward to ten years later, what we are going to see is most often time the “A student” despite having very knowledgable, but they also cope up with huge pile of student loans, with that amount of student loan burdening their life, they can’t make use of their knowledge and build something useful, but forced to work for the corporate jobs that often time has nothing to do with the knowledge they have. Waste of their youthful energy and work on office jobs indulge themselves with office politics, tie a noose around their neck, do mind numbing paperwork, attend endless meeting, reporting to bosses, that’s how you destroy a “A student” who could be productive and produce exceptional breakthroughs, but push to work for something else; while I’m not gonna cover the “C student”, they’re often time ended up in divorces or became crack head doing drugs or living a tug life, (also there is “B student” who mainly excel in politics and manipulation, who love living a parasitic life.)

The whole point is “A student” are getting knowledges but at a high cost that would often dictate their life dream of building a utopian nations, but education don’t come cheap, it’s expensive to sustain a highly civilised and knowledge based society, (which civilisation didn’t collapse in the entire human history?). What I think can fix the world problems is lowering the cost of educations, we should help the young boy who would pursuit to be “A student” in education, by providing them competitive educations at a price that would not burn their wallet, I think free educations to be idealistic, 200k in education for a young boy to go from college to university graduate to be reduced to 2k that would make a world of different, it’s all but theory, it’s easy to just say but how can we provide education at such a low cost?? Wikipedia might be trying to provide competitive education for “A student” at a very low cost, but we all know what’s happening to Wikipedia now, the entire knowledge based website become a place of misinformation, deceptions, politics, fake news, that’s not going to nurture “A student”, I think Wikipedia would likely nurture more “B student”. So how to reduce the cost of education for “A student” again? May be using YouTube to provide free education? Create computer for self learning? Create softwares? Create internet based education forum? They are all idealistic in theory but in real world we often see all of them end up in the wrong hand and get abused. Good luck trying to provide low cost educations and also trying to nurture more “A student”, all civilisation would eventually come to an end, it’s the nature of a life cycle, every civilisation would collapse in 200 years and erase all “A student” from the face of the earth, no one can change that.

I had see a lot of professors PhD who should be tasked to building world changing “life support unit” the livingry artefact to solve world all human being economic and social needs.  But they’re all being forced to do something else, include working for mind numbing office job, mind numbing food delivery jobs, mind numbing office politics, we all destined to destroy the “A student” that can move the world forward, nobody can challenge the law of nature, nature always beat nurture.

And you want to suggest self-education? Really? Under such climate?

Self hating nerd that want to escape from reality into the cyberpunk.
milewilda
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March 18, 2020, 07:17:15 AM
 #153


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.
Easy as it sounds but really hard to be done yet not all does have the financial capability to do such thing.They dont have much money to invest and also doesnt have the idea on where they should put their money on.
Of course there are things that produce out passive income but we know that it do talks about big money and finding the best opportunity doesnt really fit oout everyone in talks of investment.
Who doesnt like to have a financial freedom? All of us but we dont have any choice but to deal with reality "NO WORK NO PAY" system and only a few does have the chance to be different.

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March 18, 2020, 07:50:38 AM
 #154

if investing in cryptocurrency seems to be a little difficult to get results, especially if you invest 100% money into cryptocurrency the risk you face will be large, it's better if you already get a job do not get out, because you can regret later
Having a job can give you a stable income but can you become rich for being employed? No not unless if you're the ceo of the company. Its better to invest while working so you can maximize your income and can save for future. Now is the right timing to engage yourself in crypto because the price of coins are cheap. Just invest what you can afford to lose and not necessary to go all in because there are other investments that is profitable like gold and real state if you plan it well.

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March 18, 2020, 07:27:50 PM
 #155

~ Fast forward to ten years later, what we are going to see is most often time the “A student” despite having very knowledgable, but they also cope up with huge pile of student loans, with that amount of student loan burdening their life,

Loans are bad mostly, that's true. But what I meant was people who have some money, so that they can pay for their education without taking loans, should rather pay for education than investing in other things.

~ while I’m not gonna cover the “C student”, they’re often time ended up in divorces or became crack head doing drugs or living a tug life,

And this is where might end up someone who started investing in early age without any knowledge.

~ What I think can fix the world problems is lowering the cost of educations, we should help the young boy who would pursuit to be “A student” in education, by providing them competitive educations at a price that would not burn their wallet~

I can't agree more, mate. Of course, it would be the best option. Rich people and those who are in power(although they are the same peeps mostly) must realize that having educated people around is beneficial for them too.

~So how to reduce the cost of education for “A student” again? May be using YouTube to provide free education?

Yep, YouTube is a good call for that, imo. Some scholars even say that YouTube is better in regards to gaining knowledge than most than most universities in the world, because the knowledge of old professors is outdated.

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March 19, 2020, 04:45:04 PM
 #156

Today was a day when all of the investments took a big hit. It doesn't matter if it was stock markets, crypto currencies, real estate or anything else. In my nation there has been a lot of factory shut downs as well, do you know how many people that affects?

When you shut down a factory you are hurting the business owner, you are hurting the place he rents, you are hurting the workers, you are hurting market because no more products, you are hurting inflation because prices get higher for lack of products, you are hurting everyday guys finances for spending more than usual. As you can see just couple of factories closing affects more than 100k people right away. So, I assume these days will not be going too well on the project of retiring early and investing.
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March 19, 2020, 04:54:31 PM
 #157

it's better if you already get a job do not get out, because you can regret later
If you rely on the job given to you by other people and not struggle to get out of it to employ yourself and others or get into another investment alongside, your old age won't be enjoyable. So is better for people to think and invest fast as they are working so that they can leave anytime, or won't start from crash if they are sacked.
investment could lead one person to financial freedom. or at least one can rely on itself, but not on 3rd person which gave one a job and money to live on

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March 19, 2020, 05:08:39 PM
 #158

it's better if you already get a job do not get out, because you can regret later
If you rely on the job given to you by other people and not struggle to get out of it to employ yourself and others or get into another investment alongside, your old age won't be enjoyable. So is better for people to think and invest fast as they are working so that they can leave anytime, or won't start from crash if they are sacked.
investment could lead one person to financial freedom. or at least one can rely on itself, but not on 3rd person which gave one a job and money to live on

relly on ? investing on crypto has never been reliable due to the unstable factor they have  .

 imagine if your out of job and only rely on your btc investment and one time the value drop hard and you also need money for emergency  . you think that will be enough for you  ? freedom maybe because you are your own boss but enjoyment will not be fully feel if you are worrying about your up and down investment    especially if you dont have other job or extra income to depend on  .
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March 19, 2020, 05:35:27 PM
 #159

I think not easy for quit from working after investing with bitcoin and altcoin, before you earn much money and profit with bitcoin or altcoin investment never quit from your work and try to invest with cryptocurrency during your work in your office, after you get enough money for your family its time for quit from job.
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March 20, 2020, 03:52:23 AM
 #160

~ Fast forward to ten years later, what we are going to see is most often time the “A student” despite having very knowledgable, but they also cope up with huge pile of student loans, with that amount of student loan burdening their life,

Loans are bad mostly, that's true. But what I meant was people who have some money, so that they can pay for their education without taking loans, should rather pay for education than investing in other things.

~ while I’m not gonna cover the “C student”, they’re often time ended up in divorces or became crack head doing drugs or living a tug life,

And this is where might end up someone who started investing in early age without any knowledge.

~ What I think can fix the world problems is lowering the cost of educations, we should help the young boy who would pursuit to be “A student” in education, by providing them competitive educations at a price that would not burn their wallet~

I can't agree more, mate. Of course, it would be the best option. Rich people and those who are in power(although they are the same peeps mostly) must realize that having educated people around is beneficial for them too.

~So how to reduce the cost of education for “A student” again? May be using YouTube to provide free education?

Yep, YouTube is a good call for that, imo. Some scholars even say that YouTube is better in regards to gaining knowledge than most than most universities in the world, because the knowledge of old professors is outdated.

Many region are getting quarantine as a result of Corona chan, and lecturers are resorting to online teaching, and student are resorting to study online, I hope it’s not precedent to the future of educations, I can have many reason to mock online teaching, so education based on youtube? So the Like button and subscribe is the meritocracy system? So student study based on who got the most likes buttons? Really? When the social site are prone to abused, I smell an accident that bound to happens, btw one shouldn’t easily settle for an education system that’s susceptible to fraudulent practices, I think people are pushing all the jobs to someone else to save the day, they don’t care whether it’s effective, they just one somebody to pick up this obligations that nobody want.

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