Let’s talk about money from another perspective
Have you ever considered this?
Well, let’s talk a little bit about money.
You will always live as a slave to money if you work for someone else, since that, which is what the majority choose, is not going to make you rich. I’m sorry to say it like that.
The sad reality is that whoever gets rich is either an entrepreneur or an investor, although he may also have received a very large inheritance. But today we will focus on the second.
WHAT IS INVESTING
Investing your money means that the money you have earned so far works for you. Comfortable, right? Well, there is a risk of losing everything, so you don’t have to risk a lot with your investments, at least at the beginning.
We all know (or should) the cryptocurrency boom, in which those who invest money will almost certainly make a profit because everything is going up now. When things start to go down, it will be necessary to do a strategy. At the moment those of us who have something invested there can do nothing more than go into profits.
Another option is to invest in company stocks, and some pay you dividends. The bad part is that you cannot invest only 20 dollars, you have to buy a whole share, which will be around 500 dollars perhaps.
The most interesting thing is probably to invest in index funds, groups of a few companies and if one does not, it does not matter, because the others make up for it.
How to start
In case you want to start with crypto, I would recommend that you install Coinbase, which sometimes gives you free cryptocurrencies for learning about them. Still, on the internet, you have a lot of information to learn about them. I recommend the YouTube channel Fun On The Ride.
The most important thing here is patience. Don’t despair if an asset starts to go down and buy more. The good thing about cryptocurrencies is that you can buy portions of them, you don’t have to buy a whole one.
On the contrary, if you want to start investing with any of the other methods, I cannot recommend how to do it because I have not done it, but on the internet, there is a lot of information about it. It depends on your country, you will do it one way or another, just search on Google.
Is it good to invest?
Always bearing in mind that you are not going to invest the money you need to live your life, and seeing as an extra the income you generate from the investment you make, that is fine.
Don’t let the FOMO (Fear Of Missing Out) take over you and do it with your head, kid.
Have you seen what happens when you click on this?
