How NFTs Will Create Generational Wealth
Your grandkids will be set for life
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Disclaimer: This is not financial advice. I am not an expert. And you should do your own research.
Cryptocurrencies create wealth. They have value. In just a few short years, they created trillions of dollars of wealth.
But there’s so much more opportunity for wealth generation. Sure, 1000x gains are nice. But you have to sell it eventually to realize those gains. And then, the wealth is gone.
That’s why NFTs will be the real revolution.
Income vs Wealth
First things first, wealth is not the same thing as income. You can have a high income but no wealth. You can have a lot of wealth without any income.
Income — the amount of money you earn in a specific timeframe. Normally from a job.
Wealth — the total amount of your financial assets. This includes everything you own from your house, stocks, cryptocurrency, etc.
Here is the key difference: labor.
In order to earn an income, you must exchange your labor. Wealth is different. You don’t have to work for its value to increase.
That’s why the wealthiest people don’t trade their labor for an income. They focus on wealth.
Even the highest income earners are not necessarily wealthy. Imagine someone who earns $250k a year through their job.
More often than not, they live in an expensive place like San Francisco. Drive a fancy car. Live in a nice condo. Buy the fanciest new gadgets. And eat out five times a week.
The hedonic treadmill keeps us buying crap we don’t need. And most people spend all their money this way. Doesn’t matter if you earn $30k or $250k.
To be fair, it’s difficult to generate wealth. Real estate investments are expensive. The stock market is scary (and mostly rigged). And starting your own business is a massive risk.
That’s why young investors love cryptocurrency.
We can understand it. You can get started with $50. And there’s infinite upward potential.
