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Author Topic: Okay... WTF do you actually do with "life changing money" once you have it?  (Read 244 times)
jrrsparkles
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March 17, 2021, 11:49:33 AM
 #21

Buy some rental property and diversify your portfolio now to other safe assets. Move to a better living house and buy a car using the loan against your rental property and use the rent from the property to pay the EMI tenure so in few years your car will be yours and also your will be still making revenue from rents and the ideas are infinite if you have money. Cool

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Mauser
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March 17, 2021, 01:31:49 PM
 #22


I currently have what might be considered 'life changing money' to many.

WTF should I do!? What would you do in my position!???


Congratulations for your new wealth. If you have a lot of coins to spare, I would recommend selling some and switch into other assets. For example you could buy a house and rent it out.
If you don't want to work at the moment it might be worth to create a portfolio than creates some monthly cash flow. Holding bitcoins is a good idea for the future, but you would need to regularly sell some to have money at hand. If you would have a stock portfolio that pays dividends all year round you would be setup as well. Or if you want less risk, you could just buy some bonds.
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March 17, 2021, 09:36:47 PM
 #23

Ihadbeen there and I would honestly say that I didn't manage it properly so I ended up coming back to my old life where I struggle to live daily or just manage to survive day by day.
But if I ever had a second chance like that I would manage it properly invest in something that I could use in life buy a property that I could live off for the rest of my life and open a business.

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March 18, 2021, 10:33:16 AM
 #24

You need to think about how to use this money correctly. I think that you definitely don't need to spend them immediately on some kind of luxury. After all, happiness is not in money.
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