Time Compound and Money

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I think one of the best ways to live right is to start early. However, there is no clear manual to life and as much as experiences are good they only show the path to a particular direction.

I decided to read the psychology of money again and I got a better understanding of some aspects I missed before. I don’t want this to be a lengthy post. I just want to pen my points and click the publish button.

The first currency we have is time and knowing how to spend it determines the results we get. In cryptocurrency, the HODL acronym stands for Hold On for Dear Life, for crypto newbies, it is a term used when investing in an asset for a long time. A long time is not the same for everyone. For some, 1 year, some 5, some 10, some 20 years. The aim is to wait for the result to come. After reading the psychology of money, I realized the fastest, easiest and most effective tool for success is time and it is about compounding time & money.

If you are reading this and you are not-so-rich, you can be very rich in 5 years. A bull market is coming in 2024/2025, but if you miss that, you can still be rich. But I suggest strongly you don't miss it.

However, you can follow these basic principles. I am 70% sure about this. Work hard and raise to $1,000, spread on some assets like BTC, BNB, Eth, Hive, Ada, Doge, Matic, Vet and others. Just spread them and use 50 dollars on meme coins with potential and keep them for 5 years. The least you should expect is $500,000. Because you are compounding time, money and value.

Warren Buffet is the best investor in the world. He started at the age of 10. At 30 he was worth $9.3 million. Today he is worth $111.6 billion but $108 billion was after his 60th birthday, which is like 99% of his worth. That is the retirement age for some people, but he understood time and investment.

According to Morgan Housel, Warren Buffett's skill is investing, but his secret is time. So, the secret to success is to know how to wait and when to wait.

BTC is still $27K, Hive is less than $0.40, and there are many other cheap assets with great values. I am starting this on a side and I hope you should try to. Hive was $3 at a time.

You owe yourself a good life. Money is not everything but money drives everything.

I'll drop my pen here. :)

Posted Using LeoFinance Alpha



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2 comments
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Wonderful insights! This is a simple strategy that anyone can plug into their own circumstances and reap the results sometime in the future. The upcoming bull market will make many individuals wealthy become their dreams if they have a solid plan now and execute it well. Value changes with time and with compounding, it can be exponential.

Until today, I didn't know that hodl meant hold on for dear life. Thanks for the knowledge :)

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Thanks for the detailed comment. I am glad you found the post useful.

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