AskLeo - How Much Money is Too Much Money?
Germany has recently been declared to be in a recession, but it seems like nobody really cares. Why is that? Well, by the time the government announces it, the country is already on its way out of the recession or may have already recovered from the mess.
Germany used to be considered a "good country." Many people from my home country have sought refuge there over the years, and I, myself, spent over a year living in Germany. I have to admit, my experience was a mix of love and hate.
On one hand, I was getting more in return for my efforts compared to what I had in my native country. But on the other hand, I soon realized that a lot of the German prosperity was built on credit. Credit was like the fuel that drove the economy, yet it also enslaved the Germans.
In fact, shortly after I arrived, an elderly German man warned me that the country wasn't what I had imagined; it was nothing short of a big mafia.
Believe me, I thought my own country was corrupt, but that man was right. Germany was indeed a big mafia, and the way they handled the pandemic was just further proof. You already know my take on the pandemic: it wasn't what it was made out to be; it was more like an IQ test.
Since I was a kid, I've had this dream of becoming a millionaire. Maybe it's just nostalgic daydreaming, but I still hold onto this feeling that someday I'll achieve that status.
I could have been a millionaire by now if I had played my cards right with crypto, but luck wasn't on my side. Yeah, I truly believe that you need a certain amount of luck to succeed in the crypto world. Unfortunately, luck hasn't favored me.
Sometimes, I find myself pondering the question: "How much money is too much money?"
Honestly, I don't have a clear answer. Maybe my dream of being a millionaire is short-sighted after all. Perhaps being a billionaire is what constitutes having too much money. Or maybe not...
At this point, my goal is financial freedom. By that, I mean having a decent passive income, say at least $1,000 a month. It could come from various sources like HBD savings, earning a few bucks from my blog, or even swing trading crypto.
I'm not particularly keen on starting traditional brick-and-mortar businesses, except maybe that car detailing garage I mentioned a week ago. I've come to realize that real-life ventures aren't my strong suit. I suppose I'm just too deeply involved in the crypto world.
So yeah, the bottom line is that I no longer aspire to become a millionaire because I don't want to bear the burden and responsibility that comes with that much wealth. However, a few good years of financial freedom would definitely be welcomed. How about you?
Thanks for your attention,
Adrian
https://leofinance.io/threads/acesontop/re-leothreads-2kvwer2ng
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Luck is seldom on your side in crypto. I've hit some homeruns and lost a bunch on others over the years. Just having some steady income is the goal. Brick and mortars are tough anymore, you need a ton of capital and almost no competition. Been there done that, it's very stressful. There is still a lot of opportunity out there, just try to choose wisely! Harder said that done! Hive has a lot of potential, we just need to expand our userbase.
We need marketing too.
And a lot of it! I'm not a marketer unfortunately, but I'm sure there are many here with that experience. I'm not sure who would be in charge of such an endeavor in Hive....
Corruption in my country is already so blatant, the economy is on the floor for wage earners, I do not dream of being a millionaire but I would like to have economic stability to meet my needs and not be like now ... but maybe it's a dream, you never know things can change and soon my lucky day will come.
I bet over 50% of the people in the world don't want to be millionaires, they just want a decent life.
Exactly that is the dream of a large number of people and often what is earned is just to survive, so you have to keep pedaling happy day,....
I think with a clear defined goal of how much money I need, having anything more than that will be too much money. I'm aiming for a good and simple life.
I've also had my fair share of being unlucky in the crypto space. Would've been a better position now.
Don't waste your chance this bull market.
I wouldn't, I'm preparing for it for months now :)
This is the digital age so yeah, brick-and-mortar business would be a no-no for me too. But I would like to have a million dollars in crypto. 🔥🤤 That would also mean financial freedom for me. xD
Germany is a great country but the cost of living is so high! One of my great buddy settled there a year ago. He is still struggling to find a job there and surviving on only one income. His wife is working and they got pregnant too. He's in a fkd up situation rn.
When I was in Germany the cost of living wasn't high. How's it going with fiverr or whatever you were on with freelancing?
They expected this in 2024 so either things are worse than expected or the economists were off by a good 6 months. Who knows where crypto prices are heading and will this delay any recovery this year? I think we need as much money as possible before mass adoption hits as once that happens earning easy crypto will dry up.
Official narratives usually lag reality.
Germany used to be the economic engine of Europe, something of a gold standard every European economy was supposed to be. Yet German economy going down the drain isn't beyond the realms of possibility, if certain chapters of 20th Century history are taken into account.
Anything is possible at this point.