Today I was asked about what should I do with my money if I want to invest, especially considering certain stocks and crypto currency. The concept here is depends on your level of risk you are willing to take. Like in laymen's terms if you are willing to lose all the investment capital or not. So for example if you are looking dor the safest investment of your hard earned money, consider an Market Based Guaranteed Investment Certificate (GIC) that is locked in for the most time allowed and you will receive about inflation or higher based on the performance of the banks investment professionals. Not to mention that with a GIC in the bank and a basic income you can be rest assured you can then invest in a mortgage and have the bank purchase you a real estate investment. In the right location you will see that the real estate of certain loci only go up on value and you will have the real estate value of your new home or rental property as well.
Also bonds of tour favourite country do provide sustainable locked in return.
So instead of sweating or relying on say Bitcoin (which is also an incredible investment but relatively extremely volatile) you can know that your funds are locked in and your money is secure. Couple that with your income and an real estate opportunity, you can now see how the basics work to attain an comfortable living experience.
However with mining on a computer for a Bitcoin is a great way to make an income because for every Bitcoin mined you get the value of the coin, which is much below the time and effort it takes for your computer to find the right formula translation. It is known that some people do start out with one dedicated computer that continually runs looking for the right Bitcoin sequence. Considering the hacker issue of keeping your Bitcoin wallet safe, other than that, you have a way to eventually make money or value appear out of "nowhere".
So with this review:
GIC or Country Bonds
Proven income statements
Mortgage for real estate
A dedicated computer for mining Bitcoin
An mobile office computer for management and business needs like presentation or spreadsheets
Then you are well on your way to building your nugget of cash, investments and increased value as you grow.
This is not to say that there aren't stocks that are very strong and grow like Google and Shopify stock, or Gold.
These investments for the most part are not so volatile and the companies that back them are solid.
However there is the life experience of stocks which Mark Cuban found out that when he got his billion dollars worth of Yahoo stock, he sold it all right away for cash before there was the chance of the stock falling, and as he predicted this is exactly what happened. So he came out in the right and his previous partners and many in the company lost huge amounts of value.
So you may ask, what is the point in mining if you continually put your savings into GICs and also have an real estate investment in the form of a mortgage? Because you want to contiaully attempt to "freely" find even one point of extra income from Bitcoin that you can turn into experiences and life's unexpected financial twists and turns. I wouldn't say rely on it but it costs very little to set yourself up for one computer that just searches day and night for the value of one coin. And also we have seen that the value of stocks like Google (it's as good as gold, and gold is good as well) and Shopify that are consistent.
So we know that locked in investments are the way to go, to arrive at the bank with your income and savings statements to show them that you can pay their needs for a home purchase and you can live in said home and save the cost of rent. Opening an excel page and putting down all your known expenses in a list and finding that seeet point where say 50-75 percent of your funds into savings and the other 25 percent to do whatever it is you want to with, you'll find that your financial comfort level will be greater than you could imagine.
Don't go for volatile investments if you are looking for a way to turn your cash into an asset as we don't know how markets go, but for the most part strong banks do not fail YOY and your hard work will be saved for years to come and for the long term. Your goal should be that in twenty years you have no financial worries and can even pass on this nest egg concept to generations moving forward. Investing is very shaky if you're not doing it with just the right company and going with secured bank products are better than losing money in the long run. And mining a Bitcoin requires just the cost of a computer, setting up the program and ensuring your wallet is secure from hackers.
80 percent of new businesses fail within the first five or ten years, so don't take it the wrong way if you're company or business doesn't work out and you invest money into it. However if you are learning about business at a tiny cost and doing something that can suddenly turn a major profit, while you already have your day job or source of income, the above plan is shown to be of the path that provides peace and tranquility of mind. It's more important to sleep soundly knowing your funds are safe and secure and all you gotta do is continue your daily routine that provides income and save it in the bank and pay your taxes and be an upstanding citizen of your country of choice or in the new model a wonderful denizen of the world.
Might we suggest that a computer from China like the Google model will just work continually mining and that our sister site
www.KfirsDeals.myshopify.com is where you can begin your mining journey.
I personally have never mined but I've read that you can get someone from say like Fiverr to download the program onto your computer, that only hackers stealing the coin from your wallet is the only real drawback of Bitcoin, as even banks etc. are moving toward the use of Bitcoin worldwide.
As we've reviewed the steps necessary to build your financial dream life, it is time to make sure you have the best self care routine possible in this world. You might ask how do I self care if I have so many things to worry about on a daily basis? Always consider the core items that you care about to bring this into fruition. We've seen through stats that the nuclear monogamist family unit brings the greatest value to the end user the living family unit.
But that's an topic for a whole other discussion.
Talk to us and let us know what you think of our advice style posts that bring the best in the world straight to your reading pleasure. Stay healthy, happy and wealthy. We are rooting for you dear reader.
All the best,
KK.
