The secret to creating wealth...

[BlackHatCoiner]

... is not a secret.

• Do your job. Innovate, produce, make money.
• Trade your fiat currency for the scarcest asset.
• Hold the scarcest asset.

That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.

It amazes me how difficult it is for some people to grasp that.

[tbct_mt2]

Do your jobs to get bitcoin directly is best, but if you can not get bitcoin directly, you can use your salary for purchasing bitcoin. If you are a business entrepreneur, you can use your business revenue for investment in Bitcoin.

Bitcoin is limited, and today there are 19.79M bitcoins in circulating supply but its total supply is only 21M bitcoins. There are only 1.21M bitcoins left for Bitcoin block subsidy till 2140, and if you can invest money in bitcoin in previous years or since this year, we are participating in this market sooner than many people.

No more than 21M bitcoin in total supply, it won't be change practically.

How is the 21 Million Bitcoin Cap Defined and Enforced?
Can Bitcoin's Hard Cap of 21 Million Be Changed?

[Churchillvv]

The secret is not to be the regular guy that hears about an asset, talks about it, do around with it and never holds it.
Hold is the action of the 1% and you should be among the 1%

[Ambatman]

People ain't keen on breaking away from Status Quo
Especially if such state seems comfortable.
Forgetting that change is ever constant
The difference between a poor and a rich person
one saw and seized an opportunity when the other saw only failure.



Well another that I would consider on the list is

Stay Healthy

[m2017]

... is not a secret.

For a financially savvy person it is not a secret, but for many people who have a vague idea about finances, it is a secret.

Everything is relative, my other one.

Even bitcoin for many, decades later, remains a "secret" financial instrument. Practically inaccessible.

• Do your job. Innovate, produce, make money.
• Trade your fiat currency for the scarcest asset.
• Hold the scarcest asset.

No one who is sensible will store "wealth" in money, because it is not a tool for "preserving" wealth, but for exchanging "value".

A scarce asset (resource) can be anything. Be it a piece of land, one of Stradivarius' violins, a share (stock) of a technology (and other) company.

But within the framework of communication on this forum, of course, bitcoin is voiced.

That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.

This is not difficult if you allocate "free" funds for exchange for a scarce asset, and not the last, or even worse, borrowed money. Well, and of course, moderate your "appetite" for spending on all sorts of useless nonsense.

It amazes me how difficult it is for some people to grasp that.

Here we have the influence of the "noise" of the consumer society, generated by companies to "pull" money out of people. A banal redistribution of resources. If many begin to increase their own wealth, then corporations will not receive this wealth.

That is, the propaganda of consumption is cultivated in society, which is difficult for people to get rid of. And without this, they can't move to the next level of "awareness" of how to get rich, which precedes the correct strategy for increasing wealth.

[User0902]

... is not a secret.

• Do your job. Innovate, produce, make money.
• Trade your fiat currency for the scarcest asset.
• Hold the scarcest asset.

That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.

It amazes me how difficult it is for some people to grasp that.

Hold Long-Term: Bitcoin is known for its long-term growth potential. Holding BTC over the long run, or "HODLing," can help benefit from the asset's price appreciation.
For a deeper look: https://trading-system.nivor.free.hr/images/Capture_12112024.png

[TEBTC]

... is not a secret.

• Do your job. Innovate, produce, make money.
• Trade your fiat currency for the scarcest asset.
• Hold the scarcest asset.

That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.

It amazes me how difficult it is for some people to grasp that.

Any commodity that is scarce in circulation has the ability to make someone rich , and holding on to such commodity is key as scarcity is what defines the price value of a particular commodity, even in Bitcoin it's so those who have Bitcoin assets should keep holding it because the price is always appreciating so don't wast your priced jewels by selling it in the current price the secret of creating wealth is scarcity

[BlackHatCoiner]

For a financially savvy person it is not a secret, but for many people who have a vague idea about finances, it is a secret.

Perhaps, but I would argue that taking responsibility for researching financial freedom--something that concerns everyone--is not a hidden secret. You must do the research yourself; no one will come rescue you.

No one who is sensible will store "wealth" in money, because it is not a tool for "preserving" wealth, but for exchanging "value".

No one? Lol! The overwhelming majority of people store their wealth in fiat currency, mostly in the bank with a tiny interest, thinking this slightly protects them against inflation.

Also, good money, beyond useful to effectively and efficiently transfer value across time and space is also useful to store value.

[Akbarkoe]

... is not a secret.

• Do your job. Innovate, produce, make money.
• Trade your fiat currency for the scarcest asset.
• Hold the scarcest asset.

That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.

It amazes me how difficult it is for some people to grasp that.

You have to understand that human friends are smart and stupid, and that will always exist, so there is no need to worry about those who don't listen, this world is too wide if you only focus on those who can't adapt and want to progress to be better.
Even though their eyes clearly see how bitcoin provides benefits to its holders, but they are still afraid and don't want to make any moves, the answer is because they are stupid, that has become a conclusion that we must realize today why many people still ignore bitcoin, and you know what will happen if bitcoin becomes rarer and more expensive? they will ask, "is buying bitcoin now good?". LOL

[franky1]

For a financially savvy person it is not a secret, but for many people who have a vague idea about finances, it is a secret.

Perhaps, but I would argue that taking responsibility for researching financial freedom--something that concerns everyone--is not a hidden secret. You must do the research yourself; no one will come rescue you.

No one who is sensible will store "wealth" in money, because it is not a tool for "preserving" wealth, but for exchanging "value".

No one? Lol! The overwhelming majority of people store their wealth in fiat currency, mostly in the bank with a tiny interest, thinking this slightly protects them against inflation.

blackhatcoiner only thought it was a secret because he has only just this last year learned to accumulate rather then spend, so he has only just learned the lesson the hard way this cycle that he wasted alot of coin in the last cycle by spending it on his life style. now he is seeing the beginnings of this cycles pump to the 2025 ATH he is learning to hoard and wait and now thinks he is expert level financial guru who thinks he is revealing (a secret of) something he only just learned to follow this year

secondly.. no one stores wealth as money.. those that understand the term wealth know not to store it as money.. the only money they store in banks is emergency funds(savings) for temporary/short term events.. so that they dont need to dip into their wealth investments when surprises happen in life

if you are putting all your spare income into investments but dont have an emergency fund to take care of surprises, people end up dipping into investments at the wrong times and mess up their investment potential. so having a savings fund aswell in regular access form where its like only a couple months of income to cover emergencies is also smart and prudent

many experts say save just one month of income to start with as bank savings(for emergency only) and then start putting excess into wealth creating investments. that way you are less likely to rely on, get paranoid or itchy trigger finger over to need to cash out the investment if you have the savings buffer as the first point of access instead for funds..

..
as for how to have excess money to save/invest.. this may involve increasing income. or organising lifestyle to decrease spending habits..
but in short you cant accumulate wealth if you dont have anything to invest
also when investing dont buy high sell low ever.. always buy low sell high.. its never a loss until you sell at a loss, so just dont sell at a loss
(which is why you have a savings emergency fund to avoid needing to sell at a loss if life events happen)

p.s ive been hoarding and accumulating bitcoin since 2012.. retired before 40 and loving it

[Alphakilo]

... is not a secret.

• Do your job. Innovate, produce, make money.
• Trade your fiat currency for the scarcest asset.
• Hold the scarcest asset.

I read one of the most profound advice from Fred Krueger which is similar to this advice of yours. Fred said, "Put all your savings in Bitcoin" . I don't think there is any other more clearer way to say it than this.

That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.
It amazes me how difficult it is for some people to grasp that.

As one reads about bitcoin, it becomes easier to delay gratification. Instant gratification comes from ignorance about Bitcoin. Unless one reads they cannot grasp the market capitalization of Bitcoin and how much wealth that translates for the individual who hold just a little of it.

[0t3p0t]

Yeah true it is really a challenge for most of us to keep on holding because we all know not all of us are that stable nowadays. if I personally have a stable source of income then it is easier for me to just hodl the scarciest assets I might interest in investing but unfortunately all I have is Bitcoin and I ends up selling it for some reason. For me Bitcoin is the perfect asset everybody is looking for it's future proof and inflation proof and of course decentralized.

[franky1]

... is not a secret.

• Do your job. Innovate, produce, make money.
• Trade your fiat currency for the scarcest asset.
• Hold the scarcest asset.

I read one of the most profound advice from Fred Krueger which is similar to this advice of yours. Fred said, "Put all your savings in Bitcoin" . I don't think there is any other more clearer way to say it than this.

keep atleast 1month of income as savings for emergency.. then you will be less panicky/tempted to sell investments when life stuff happens or markets change
dont rely on your wealth stash/bitcoin when life gets tough, keep bitcoin investment separate(like a pension you cant touch for years even if your in debt)

[Alphakilo]

keep atleast 1month of income as savings for emergency.. then you will be less panicky to sell investments when life stuff happens or markets change
dont rely on your wealth stash/bitcoin when life gets tough, keep bitcoin investment separate(like a pension you cant touch for years even if your in debt)

I 100% agree with you.
More people should know this.

[franky1]

other thing to learn is the difference between wealth vs rich

rich is those that waste value to display a status of richness (flashy clothes/cars, to impress family&neighbours)
where as wealth is when you dont waste value and you dont reveal it just to impress people

people accumulate and use their wealth to make positive life experiences for themselves and close family and not to just show off to family/friends
EG fulfil dreams to visit new places/cultures instead of a lambo just to drive around hometown

once people change their spending habit/lifestyle, they start aiding accumulating more wealth and using it more wisely

[BitcoinGirl.Club]

... is not a secret.

• Do your job. Innovate, produce, make money.
• Trade your fiat currency for the scarcest asset.
• Hold the scarcest asset.

That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.

It amazes me how difficult it is for some people to grasp that.

It feels like an idea came into your mind and you started pressing your keys LOL

Holding is not easy. When you see btc price is above $20k you feel like okay that's it. Now I am going to sell. You sell and then you see it went to $60k you feel like damn what did I do. Then it goes back below $15k and even below $10k [you already bought back at $30k] you feel like you are losing everything that you are holding.

Now you see when bitcoin is over $70 you start repeating the same feeling and sell. Now BTC is going to touch $100k.

[franky1]

Holding is not easy. When you see btc price is above $20k you feel like okay that's it. Now I am going to sell. You sell and then you see it went to $60k you feel like damn what did I do. Then it goes back below $15k and even below $10k [you already bought back at $30k] you feel like you are losing everything that you are holding.

Now you see when bitcoin is over $70 you start repeating the same feeling and sell. Now BTC is going to touch $100k.

never sell all your hoard even when in profit
never sell at a loss no matter what (leave it hoarded until the next cycle(pretend its a pension plan locked for years))

if you want to play the daily/weekly changes.. only use a small X%(single digit%) to play with
if you want to play the cycle changes.. only use a small-mid VX%(double digit under 50%) to play with

[aoluain]

As part of a strategy the wealthy invest in appreciating assets for maintaining and building wealth

Bitcoin has been "appreciating" since its inception

Bitcoin is an asset which has outperformed every other asset

Buy and HODL any appreciating asset - BTC

[bitzizzix]

I will answer very simply.
1. Cut down on expenses.
Cut down on unnecessary expenses and don't buy things that are not really needed until you are rich and can buy anything you want.
2. Increase your income.
By improving new skills to create additional income as a side job can help you to invest especially in the most scarce assets and also very profitable from other investments if you keep it for the long term.
3. Share.
Sharing helps you a lot in the success of what you want and also keeps the finances flowing because they will pray for good things for your good, and remember your income 2.5% belongs to others or people in need.

[Rruchi man]

It amazes me how difficult it is for some people to grasp that.

There are lots of books about secrets to getting wealth, which shows that there are many people interested in it, and although the concept of getting wealth is a simple one, it has been misunderstood and misinterpreted by many authors in different ways, authors whose primary intention is actually to make money from selling these books rather than exposing any real secrets.

It's all about delayed gratification.

This hits the nail on the head. Delayed gratifications, which can be broken down to discipline, is a major attribute to develop if you have the intention to get and even keep wealth.