Money creates opportunity
Why do the rich keep getting richer?
It seems that no matter what is going on in the world, from wars to pandemics. Economic booms or bust. The rich keep getting richer and further away from those who have nothing.
There was a time where hard graft was enough to make it in life. Work hard, save your money, buy the house and set up a retirement fund.
Those days are long gone in this country at least. House prices are spiraling up. You will pay so much in rent that very few will achieve enough savings for a deposit and it will be a long time before you can think of retiring. Tax after tax will chip away at your wages until there is nothing left to enjoy that life.
There is a line however, a line in the sand that if you can make it across then things will change very fast.
If you can find ways to add to your income and buy the house it will elevate you into the next section. Give you breathing space for a savings account.
Once you have saving you can make investments. This is when the fun begins. This is when you can start making some real money as there are always opportunities.
The biggest difference between those who have and have not is having the money to take advantage when these opportunities arise.
We all look back at $3K bitcoin and wonder how we didn't buy at the time. I didn't buy more as i needed the money in my account. If I had 110K sitting there then buying a couple of bitcoin would have been an easy call to make. When you only have 5K and bills to pay it is a far different story.
That 6K of bitcoin would now be worth 80K and give me a lot more options to make money form the profit. Buy an apartment to rent. Start building up a fund again. Invest into smaller tokens, look for dividends. Buy 80k of lotto tickets. You never know....
On a larger scale
That would just be one small investment from 6K to 80K. If you had a million or 10 million how many option do you think that would open. Over here it is even set up for the rich to win. The more that you are worth and the more that you can earn then the less tax you will end up paying. There are so many loopholes that can be taken advantage off in business that we will never see on minimum wage.
Until you can find a way to elevate yourself onto the next lever that will never change. Play the long game and build those funds. Get into position for when the right time comes and be ready to make it big. Make it happen.
Too many people will struggle the whole way through life as they will never make it over that line. They won't have the money when opportunity knocks and won't be able to change their lives.
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They say money makes money and this is so true. Having funds available when opportunities present themselves is always a good idea.
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A little preparation would go a long way for this. Planning ahead and having a fund for when these chances do come up.
Especially in crypto it would be smart to keep pulling out some money as we go along. Try to get a few thousand ready for the big dips and take advantage.
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Yes unfortunately you need money most of the time to make money. As the capital invests increases, the risk and the reward increases as well. Unfortunately I don't think there are too many people who have the capital available to take advantage of some of the dips but those who do will definitely benefit.
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Hard work will only take you so far. It will keep you going but unless you can make your money work for you as well then it will never be enough to move up a level.
That is why the early adopters in crypto are doing so well as they can keep adding more funds and receiving airdrops to increase their holdings. There is lots of opportunity as long as you already have funds.
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