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Author Topic: It's better to invest now than to regret it in a hospital bed.  (Read 2143 times)
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April 22, 2024, 03:26:52 PM
 #61

Yes, we cannot work forever, because there are times when we are sick so we cannot return to work as before. And if we don't have savings or investments, then when we fall ill, we will only be a burden on other people, even if they are our children for example. because in this world there is no one who can bear to see one of their family members fall ill, some are even willing to sell their personal possessions to be able to pay for their parents' hospital bills. Indeed, this is a normal thing, and although this does not necessarily happen, we must prepare everything as best as possible.

But apart from that, apart from having savings and investments, we also have to be able to maintain good health, and if necessary we have health insurance, so that our investments are well maintained. Because quite a few people, in order to recover as before and regain their health, in an emergency like this someone will never hesitate if they withdraw the investment they made, in order to be able to pay for their treatment. Even though the investment he made is experiencing losses, or for example the coins we bought previously are experiencing a decline in price.

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April 22, 2024, 07:15:24 PM
 #62

If you're invest in order to prepare for medical bills, then you need to see this.

Heart transplant cost you over $1 Million now how much money you can save every month? how long your investment will reach at least $1 Million?

There's a stats if only 1.2% global populations that have more than $1 Million, so you need to know if 98.8% can't even afford heart transplant cost.

No one know the future, better to prepare for the retirements, but don't forget to enjoy the life because life is too short, so find the middle point between saving vs spending. Crowdfunding is the best solution when someone had a serious disease.
Honestly, in most developed nations it's free, not everywhere is like USA where you have to pay money for it, if I ever need heart transplant, I would not pay a dime for it.

However, medicine is not, which causes a lot of trouble, just for an example, a loved one had to go through chemotherapy and all the things related to it, we had to pay insane amount of money (about 5k) for all the medicine, because medicine still costs its private companies, but for the hospital bill? We paid $10 for parking and nothing more. Think about it, the medicine companies took 5k from us, and the whole hospital, from greeting us, to working in accounting, to nurses, to caretakers, to many many doctors who seen her, NONE charged us, they just get a straight up single money from the government, a salary, that's it.

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April 22, 2024, 08:31:03 PM
 #63

Some are only focused on today; they are not thinking of tomorrow, or, let me say, thinking about their future. That's why many are reliant on today, and in this life, if you don't have better plans for yourself against tomorrow, it will turn into regret for you. You see those people who have already invested all this while they have saved, because they've cooked something for the future, which means they've made a better future plan for themselves. To be honest, this is good advice to everyone here.

Furlthermore, for those that haven't made plans, the time has never passed. This is the right time to invest in any coins. Since we can see that so many coins are now dumped, we should take the small amount of money we have and buy them, so that it will be our benefits in future.

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April 22, 2024, 10:30:33 PM
 #64

None of us want to think about our investments or our financial assets while lying in a hospital bed. Rather, we will be concerned about my well-being, the future of the family, and their position in my absence.

To be fair anyone would be thinking what it would be like for their family if they weren’t there especially if you were the breadwinner of the family.

I actually know this man who even after his death remained to sustain his family through his assets and other properties. He made sure that everyone got a share and equally at that too. It made me think how he must have all planned for it carefully and how he have made the right investment decisions. In a death bed, I’d rather be at peace knowing I have done what I should have and I would be leaving my family well taken care of.

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April 23, 2024, 03:13:58 AM
 #65

People who invested 10 years ago managed to get huge profits, especially if they could buy bitcoin at a cheap price. That clearly provides huge profits because they would never have thought that bitcoin could rise so high. Even though Bitcoin has not made a new ATH, the price above $70k some time ago was enough for them to make big profits. But those who didn't invest or invested too late in bitcoin regret it because they didn't want to accept bitcoin and underestimated it. But for now, we still have the opportunity to start investing in bitcoin. Better late than never.
One thing that is needed to be successful in investing is patience, if you have invested in Bitcoin 10 years ago, but if you are not patient then the profit will not be maximum because you sold it during the bull run four years ago because you were in a hurry to enjoy the profit, even though if you kept it more longer, the greater the profit you will get.
It was proven that in the beginning there were people who wasted Bitcoin by not saving PK properly and I remember someone who sold some of his Bitcoin to buy a motorbike and at that time the price of Bitcoin was still only a few hundred dollars.
However, investment is very important and should be done as soon as possible because the sooner you invest, the better it will be for your economy.
Yes, I agree with you because patience in investing is very necessary, and we must wait until the time comes for us to take advantage. We cannot rush to hope for profits even though several investments can provide profits in a short time. But not all investments can work out the way we want. In investing, we also have to use the money we can afford so that if something happens that we don't want, we won't lose too much.

When investing in anything, especially in bitcoin, we must have a plan and stick with it until we make a profit. The most important thing is to remain patient in carrying out our investments.
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April 23, 2024, 03:22:59 AM
 #66

To be fair anyone would be thinking what it would be like for their family if they weren’t there especially if you were the breadwinner of the family.

I actually know this man who even after his death remained to sustain his family through his assets and other properties. He made sure that everyone got a share and equally at that too. It made me think how he must have all planned for it carefully and how he have made the right investment decisions. In a death bed, I’d rather be at peace knowing I have done what I should have and I would be leaving my family well taken care of.
The burden on a breadwinner will be much greater when he or she has a big responsibility towards the family and if they are not able to prepare everything then what happens will actually become more complicated.
Death is certain and we will leave our family in this world, then after death it becomes a reality what we leave behind for our family. Our job as heads of the household is to ensure that the family's life becomes better and if we don't have a plan, our death will become a problem for them.

Now our task is how to find good financial sources and bitcoin is one of the reasons to reach the stage of financial freedom.
The better the strategy we use, the more we can accelerate towards financial freedom so that our family will live like a happy family with enough to meet life's needs.

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April 23, 2024, 04:20:58 AM
 #67

No matter the advice you are giving to people now, to be part of the next people that will make it from Bitcoin by planning their future well to invest in Bitcoin that will change their financial level, when they are still young to eat the fruits of their labour. I think many investors has learned their lesson from those that invested in Bitcoin in 10 years ago to gather the strength and energy to ensure nothing stop them not to miss $73,000 and they made a huge amount of income that will help them to build companies that will be bring income to them when old age locat them. If the price of Bitcoin can still reduce to $20,000 in the bearish season, I believe many people will like to hold their Bitcoin more than 10 years to experience the benefit of holding Bitcoin long.

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April 23, 2024, 12:09:57 PM
 #68

Really useful stuff but there are two aspects to look into it as there are one first set of people who earn enough to invest but they don't do it because of unnecessary expenses or pursuing luxuries which is not required at all they can set up DCA as that's the best thing or SIP if going for mutual funds. Second set of people who barely earns to meet their needs for the day they cannot be investing by cutting down on food, if they do they will face bigger problem which is health related issues.

I believe even those that earn small can still adjust by applying wisdom in managing their expenses inorder to invest mostly using the DCA strategy if their earning is a stable one. The problem with most of those who see themselves with small earning lack planning and that is what affect their health not even the earning because a well planned small earning if manage while running expenses and invest small fraction can course a shift in the financial level which will also helps in mental stability because seen another way of income through the investment can reduce some psychological effects of low income which might landed them in hospital bed .

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April 23, 2024, 03:25:24 PM
 #69

I believe even those that earn small can still adjust by applying wisdom in managing their expenses inorder to invest mostly using the DCA strategy if their earning is a stable one. The problem with most of those who see themselves with small earning lack planning and that is what affect their health not even the earning because a well planned small earning if manage while running expenses and invest small fraction can course a shift in the financial level which will also helps in mental stability because seen another way of income through the investment can reduce some psychological effects of low income which might landed them in hospital bed .
When someone can restrain themselves from using the income they have on things that are not important, of course it will be very easy for them to make investments that are beneficial for their future and by using a strategy like the one you mentioned, it will certainly be very good for the long term. and we have to be consistent in doing so, of course we will be able to achieve satisfactory results too, but if someone has a large income and they cannot manage it well of course it will be very difficult for them to be able to invest and what is worse is that they have to look for loans because of their income. what they have they cannot manage well.

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April 23, 2024, 06:51:17 PM
 #70

I believe even those that earn small can still adjust by applying wisdom in managing their expenses inorder to invest mostly using the DCA strategy if their earning is a stable one. The problem with most of those who see themselves with small earning lack planning and that is what affect their health not even the earning because a well planned small earning if manage while running expenses and invest small fraction can course a shift in the financial level which will also helps in mental stability because seen another way of income through the investment can reduce some psychological effects of low income which might landed them in hospital bed .
When someone can restrain themselves from using the income they have on things that are not important, of course it will be very easy for them to make investments that are beneficial for their future and by using a strategy like the one you mentioned, it will certainly be very good for the long term. and we have to be consistent in doing so, of course we will be able to achieve satisfactory results too, but if someone has a large income and they cannot manage it well of course it will be very difficult for them to be able to invest and what is worse is that they have to look for loans because of their income. what they have they cannot manage well.
Management isnt really just that only a word that it would really be only fitting out on savings or investment but rather it would really be applicable to all. It would really be needing up that systematic and organized approach on the things that you would really be needing to do so because if everything turns out not to be that organized then you would really be finding yourself on having that kind of struggle specially if we do speak or talk about investment on which this should really be done on earliest period of time as possible. Success isnt something that could be attained on a short period of time and not something that would really be giving out an assurance that you could really be able to make yourself reached out that certain condition. Dont make yourself that getting old without having any money left behind just because you have
spend up your life with lavish kind of lifestyle on which this is something that you would really be needing to look out and trying out to make that realization that it wasnt really something that good.

R


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April 23, 2024, 08:47:52 PM
 #71


Honestly, in most developed nations it's free, not everywhere is like USA where you have to pay money for it, if I ever need heart transplant, I would not pay a dime for it.


How so? From what I know USA also do not have free healthcare and even if they had I don’t think a heart transplant would be very easy to execute without any dime as you say. Do you have an insurance because then that would be different entirely. Anyway, like you said in most developed nations healthcare is excellent and not expensive but for some countries you can actually just end up dying because of the lack of resources and money a hospital has.

So it‘s really important to be prepared and ready for any possible scenario.

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April 23, 2024, 09:00:05 PM
 #72

Obvious that investment of cryptocurrency it is something that you will make sure that you make a proper research on it before your venture into the investment I know quite well that most of the people who rush to invest they might venture into positive aspect of the investment and also may also go into the wrong side of investment so therefore I believe that cryptocurrency yes investment is something that requires research so we should not be in a haste for me to invest in cryptocurrency but basically investment is something that requires your time and also your capital



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April 24, 2024, 03:51:22 AM
 #73

If you are new to the market then it may be difficult to understand the right way to invest so you should research the market well first. Everyone has different goals when it comes to investing and you need to decide what exactly is the goal in your case before investing. The reason is to determine the strategy according to the goal. Before investing you must first understand your financial situation.

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April 24, 2024, 04:55:23 AM
 #74

Talking about good future planning, it is the same as how we want to have financial freedom someday. And yes, one of the best ways is to invest. But this is quite easy to say but quite difficult to do for some people. especially for those who are still not financially stable, such as where their income still cannot meet all their needs or is only enough to meet their current needs. So everything may have to start from good planning, good financial management and while increasing the amount of income we can get. So that we can slowly develop and set aside the money we earn to invest. We also have to develop skills to keep up with the times. Because having a comfortable future requires a process and hard work that is really not easy. Everything requires persistence, hard work and patience.

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April 24, 2024, 05:08:42 AM
 #75

Regret always comes later, you will realize how important it is to invest when there is nothing to take when you need it. Talking about Bitcoin, of course it will be a very good investment for the long term, if you want to increase your assets and meet your needs in the future, you must do it immediately as one of your financial planning goals for the future.
When it comes to health issues, prevention is better than cure. The best investment in life is health, it's useless if you have wealth like Elon Musk but you can't enjoy it due to complications with your health. You need to maintain your health from now on by maintaining a regular diet, exercising diligently and getting enough rest so you can enjoy the investment you have saved over the years.

R


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April 24, 2024, 06:01:15 AM
 #76

I think that the purpose of the OP’s post is that thinking about the future is better than living one day at a time. Although relying only on investments, I would call it a so-so activity. While we are young, we must earn a name, which then must bring money from the name. Making some profit and building your own business that will generate profit from it can be a good cushion for the future. But as for health, you should take care of it not when you begin to feel that it is deteriorating. However, I think the OP is young, his understanding is going in the right direction, and his investments will be able to provide him with a noble old age.

So, yes, that's right, the main point of the OP's presentation is to remind us to think long and pay attention to our future by taking advantage of all the opportunities and chances that we have now, which is good because while we are still young, it is clear that we still have lots of time to carry out various experiments. and also we still don't have many responsibilities in life, especially if we are still single and not married. From what I can conclude here is that prevention is much better than cure, I am sure everyone wants to have a beautiful future by successfully achieving financial freedom and all success can only be achieved when we are willing to step up and take action early on, even though yes I understand that the future cannot be predicted but everything depends on what we plant, simply put, if from a young age we plant good and positive seeds then that is what we will reap in the future. We can do and take advantage of whatever opportunities we have now, such as perhaps thinking about opening a business or investing in the long term and taking advantage of the benefits to minimize all unwanted possibilities, and experiencing a decline in health is a normal thing when we enter the future. old and by having a situation of financial freedom then at least it will be able to help us to overcome all problems.

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April 24, 2024, 06:34:33 AM
 #77

I try to invest a small amount of money from my salary every month. I have experienced the gains of Bitcoin very well since 2018.
I wholeheartedly believe this is the best investment far better than others.
It's Not only invest for me it is my ecomic power and future shield.


This is such a good idea because a person cannot invest completely at once as nobody has such a huge sum of money that can simultaneously be added into the crypto market. Adding some percentage steadily every month can give you a huge return but remember that when you invest in Bitcoin then the price is down.

Bitcoin is a good investment but for those who understand it otherwise there is a greater risk for unknown individuals. People understand Bitcoin currently and everyone is struggling hard to save some money for Bitcoin investment because currently there is no investment asset better than Bitcoin.



 

 

 

 

 

 


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April 24, 2024, 09:09:58 AM
 #78

Talking about good future planning, it is the same as how we want to have financial freedom someday. And yes, one of the best ways is to invest. But this is quite easy to say but quite difficult to do for some people. especially for those who are still not financially stable, such as where their income still cannot meet all their needs or is only enough to meet their current needs. So everything may have to start from good planning, good financial management and while increasing the amount of income we can get. So that we can slowly develop and set aside the money we earn to invest. We also have to develop skills to keep up with the times. Because having a comfortable future requires a process and hard work that is really not easy. Everything requires persistence, hard work and patience.
You are very correct mate. Investment don't happen just like that, ut normally starts with good planing by thinking what to do that will be bring steady income. After this is achieved the next thing to think about is good management of money that is coming in.  I know it is not easy to make investment due to the amount of money that comes in as income but we good planing income can be increased by thinking how to level up by doubling incomes getting other things doing.

Everything is all about planning because nothing good comes easy,  you must work and plan to achieve investment for the future. The reason  why some people don't have any investment is because they think with their current financial status they can never have investment,  and this mindset makes some people to just feel so relaxed.

No matter what you have as an income with good planning it is possible to get investment for the future, it is not always easy to achieve this but with good efforts investment is achievable.

R


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April 24, 2024, 09:41:36 AM
 #79

Obviously good health is more important than any amount of money. Successful investments can really help you enjoy a  happier life though so I urge you to invest in Bitcoin. DCA in every month for many years & at retirement age you will have a considerable nest egg to enjoy life. There is no need to wait, do it now.

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April 24, 2024, 01:12:47 PM
 #80

Obviously good health is more important than any amount of money. Successful investments can really help you enjoy a  happier life though so I urge you to invest in Bitcoin. DCA in every month for many years & at retirement age you will have a considerable nest egg to enjoy life. There is no need to wait, do it now.

Not bad for investing in bitcoin and planning for retirement but I want to add 1 more thing. Putting all your eggs in one basket is not a wise idea, especially for a highly volatile and risky asset like bitcoin. Bitcoin is a potential investment, but we must not forget to diversify to minimize risks because the future is unpredictable. There is no guarantee that bitcoin will last long and keep increasing in price until you retire, will it give you a bigger nest egg or nothing? Diversification is necessary and mandatory.

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