What are some financial secrets that you know of?

[Fivestar4everMVP]

For the time being, i have no special secrets aside the general one which buying bitcoin low and selling high, it is commonly said that a secret two or more persons already know is no longer a secret, so by that, i assume that buying trading and investing in bitcoin and some other major crypto currencies for profit is no longer a secret, since its something millions of people all over the world already know about and are into.

Anyways, for those who have the financial means, i think investing in real estate is a great financial secret which brings great returns, this is something i plan going into as soon as i have the financial capability.

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[jossiel]

Do not be showy to the people you know that you've got money or else they'll come to you and ask to borrow money. And when you don't lend them money, you're bad in their eyes.

That's going to put a possible pressure to you if you can't take those type of feedbacks with your action. And it is the reason that if you've got money to spend in the things you like, always remain lowkey.

But I know that if it's for travel, you really want to share it to the people that you're from place to place and that can't be hidden. If someone asks you to borrow money, tell them that they're not part of your budget.

[erep]

Why not consider seeking the counsel of a financial advisor who's around 50 years old? I'm sure everyone has made mistakes in handling their finances, but those experiences can serve as invaluable lessons to encourage greater caution in money matters.

It's unfortunate when someone acknowledges their financial decisions are wrong, yet they refuse to stop making them. This situation won't improve their financial well-being unless they start heeding advice from a certified financial advisor.

Financial advisers can be sourced from anyone and it is not limited to the age factor because it is not certain that someone who is older has the best experience in financial management, even younger people who have been successful in the economic field can be used as motivators to guide us to understand some tips or efforts that can improve welfare.

I have found the answer to this, the secret is effort and being grateful because all are not destined to get rich even though you have worked hard to change your economic status, but involve gratitude for your every effort so you are not greedy leaving your previous job to get a high income instead your economy is getting worse because the final result does not match your speculation.

[CageMabok]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

I don't have any secrets for that kind of thing right now, because I'm currently still struggling to build a livable house so I have to finish that first before thinking about more plans in the future. So for now there are no secrets that I can share with you except just about continuing to work so you can make money in life, because without income in life, everyone will never become rich. Especially if someone has the desire to buy a house and an offshore company with a large amount of capital

[Gozie51]

Everyone already know buying bitcoin is a financial secret on the long time.

Do not be showy to the people you know that you've got money or else they'll come to you and ask to borrow money. And when you don't lend them money, you're bad in their eyes.

That's going to put a possible pressure to you if you can't take those type of feedbacks with your action. And it is the reason that if you've got money to spend in the things you like, always remain lowkey.

Staying lowkey is good that is if you are a starter in your financial process because there is a financial level you get to you can not stay lowkey, I mean people already know you even if you decide to stay on lowkey. However, back to your first point, I don't think giving is bad but you only have to be reasonable. If you are not a huge spender on things that are not necessary then to invest will be a challenge.

[KingsDen]

What are some financial secrets that you know of?

• If you are earning less, don't think of a project to accomplish. Think of how to increase your earnings
• If you cannot increase your earning,  reduce your spending
• Invest only in things you know how it works
• Don't forget to save. Don't listen to the advice that saving is wasting. If things go wrong, your savings will save you.

[Captain Corporate]

This isn't a "secret" but something I learned very late in age, I was 30+ years old when I learned this. All my life people talked about how debt was bad, but what they didn't realize was debt is bad if you are just taking on debt and not really doing anything with it. However, there is also good debt that I learned from friends in the crypto, where if you make a debt, but you make money from that debt, like you use that for some investment, then that's not bad debt. All the big companies do it, they may even money and still take debt, so there are bad debts and good debts. Making debt for assets may turn out to be fine, making a debt for liability is not a good debt at all. I learned the difference and been richer ever since.

[electronicash]

the secret is .....shhhh buy BTC sell it later when its profitable.
there are several financial secrets that i think many crypto investors are doing like staking of course its not a secret everyone knows it but it just need a lot of money to be able to participate on staking. so this is your way if you wanna make money one day.

for those who are new in crypto, these are not known to them especially casino tokens and yield farming.

[Adbitco]

I can't really say accurately to be a secret but you must know something very important about when we talking of financial secrets, you must not wait to be motivated by any one around you. Always take the right steps at the right time and try to remove fear of taking a bold steps on whatever you are about to do that would yield to your financial multiplication.
Some of those people who are financially Rich and stable today doesn't wait for someone to inspire them or talk senses into them rather, they took the bold steps to change their stories that is why today, the Rich are getting richer and while the poor are getting poorer because they always think of spending and not investment. Investment could be physical property, business or investing in an online digital currencies such as bitcoin and any other crypto related coins that are found valuable and resourceful.

[stomachgrowls]

There's no secrets. If you want to get rich, or as I prefer to say it to improve your economic situation, do it simple, slowly and boring.

Save an emergency fund, get rid of consumer debt, increase your income and then invest, reinvest and keep reinvesting.

That's it.

Yes, i agree into this one on which there's no secret because if there's one and been told on the public then its not secret anymore.  Come to think that we've been flooded out by lots of how to make money videos

and articles online on which telling this and telling that, but the main question is, is anyone would really be capable on doing so? Take for example on having that real estate business on which this had been primarily be in recommendations if we do speak about passive income or even trying out to invest on stocks and bonds and other traditional investment as we do know of. This isnt secret anymore, it is really just that people would
really be missing out these chances considering that not all would really be having the funds or capital for them to start on in the first place.

Agree into those points that making yourself debt-free and having that diversified income source should really be the main priority. Having expansion or making it big should be your main goal or target
until the cash flow would really be sufficient enough for you to support yourself without doing much hard work.

[isaac_clarke22]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

Well for me, not sure if it is really a considered a secret, but they said that...

If you can't afford it twice, then you cannot afford it at all

I believe that I had applied that quite few amount of times already when buying anything that I wanted except for buying needs of course and also paying bills. It kinda helped me in doing budgeting monthly properly especially when I allocate my funds to wants and needs.

[teosanru]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

In this age of knowledge sharing nothing is a secret anymore. But yes I know one mantra for sure that is true in every case that money always attracts money, so to earn big you must play big. The major problem that everyone faces is earning that initial money or the capital. On the other hand trust funds and off shore companies are really the things big corporations can only do. For an individual it's almost Impossible to do this.

[Botnake]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

I have no financial secrets to be honest but it’s all about hardwork, dedication, positive mentality and persistence on your goal. Without these, you’ll never come to achieve financial stability and independence in the future. Also, being knowledgeable especially on managing your finances and sticking to what’s necessary and disregard those who are not will also be a great help in achieving success in your finances.

[Sanitough]

What are your secrets?

There is no financial secret or formula to get rich other than that you need to work hard, save and use your money wisely (investing). Each person will have a method, a formula, a path to success, no one is the same and you cannot copy someone else's formula and vice versa. Don't try to find the formula to get rich, keep working creatively, the results will come to you.

If you are looking for a faster path to success then I think investing is what you are looking for. I am not saying that investing will definitely make you rich but it may be the fastest way to success than others, but investing is risky, so be careful.

You’re on point mate. Even if people have their own financial secrets, but you cannot expect to follow them successfully because all of us have our own methods or strategy that will only work for us and may not work for others. So at the end of the day, everything relies on how you manage your own finances and how you take advantage on every opportunity that comes that will improve your way of living. While investing could be the fastest way to get profits and be rich in the process, but the fact that not everyone is capable to invest and have enough knowledge and resources to make it successful, then having an investment will not guarantee financial prosperity. But if you have the passion and persistency to keep it going despite of some inevitable losses, then you will eventually hit your own financial independence in the future.

[Wiwo]

You have to be careful with what you ask for from random people online because you can get misleading information but then if you ask me for my money-making mechanism is I will tell you that you have to be extremely lucky like me to come from my part of the world and from my family background because we already have a family business that we all run and the company is big enough to employ most family members whoever decide to work with the company unless you have another source.

Another generally acceptable and easy way to earn from this community also is by buying bitcoin and hold in your private wallet for the long term base,  and also practising the DCA approach to stay in profit.

[Ziskinberg]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

Avoid taxes is what we usually heard from rich people which makes them richer. But it was not the thing we need to focus on if we wanted to grow our finances instead we focus on multiplying our sources of income as this will give us wealth even if we pay taxes to the government. And aside from that, we must also know how to manage them all and be smart when it comes to spending habits because it happens that many people spend more while earning less, and that is a big mistake.

[panganib999]

Hey everyone. What are some of your wealth secrets that you could share with us?

Buying homes with cash and taking loans out on it?

Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)

What are your secrets?

The biggest financial secret that I can impart to you is that, sometimes you gotta adopt a cracker mindset.

You see those crackheads on the street? Those meth addicts? You don't hear them saying "I don't have money for today so perhaps I'm going to stop buying and snorting meth until money comes again". No, they make and find ways to get their fix whatever it takes lol. But in all seriousness, sometimes opportunities will not come for you, so you gotta bang at their doorstep continuously until they let you in and hear you out. You gotta be desperate and resourceful to find the best means of earning money and getting rich.

[Dr.Bitcoin_Strange]

Anyways, for those who have the financial means, i think investing in real estate is a great financial secret which brings great returns, this is something i plan going into as soon as i have the financial capability.

Well, I don't know how things work in your country, but in my country, there are some real estate companies that allow you to invest as little as $500–$1k with monthly returns of 10–20% depending on the company. If you don't want to receive the monthly ROI, then it will be accumulating for you until after some years, then you will be given a land with a house in it in any of your selected estates. Everything is there in the agreement. In such a case, you don't really need to wait to accumulate thousands or millions of dollars before you can carry on your investment. Like I said, I don't know if there is such a service in your country, but if there is, then you can start that way. Just a suggestion; don't take it to be an investment idea.

[JoyMarsha]

When you have arrived to be wealthy, that's when you will tend to dish out information to people about your financial secrets. But in this case, am yet to be wealthy, which automatically makes I do not have any wealth secrets to share.

Apart from not being wealthy or not, I haven't seen nor heard of anyone sharing their wealth secrets with anyone. What you will hear from people whose business has made them wealthy is for you to work hard, believe in yourself, don't be shy in your little beginning, and don't be afraid to take risks.

[Mr.right85]

What are your secrets?

One thing I can tell you for sure is that, money attracts more money and that is when invested of course. Perhaps not in cryptos but in other fields as well and money saved in fiat banks is always subject to devaluation and yields less profit if any at all.

It's the reason why some of us here rather bug and hold bitcoin than live out our money in fiat banks. Why exactly; having  your money saved out in bitcoin implies, your doing two things at a time:

1. Leaving out you money in some gainful investment and
2. Doing some actual currency savings.

These could be an option when you've got money that you don't know what uo o with it but, never feel its risk free and be ready to wait on it to materialise into something meaningful.