While I am excited to see the amount of growth in NFTs , I also deeply care about the people who are being given a lifetime opportunity to earn it and keep it.
Don't be "that guy" who had it and lost it all.
Let's Geddit:
2/8
Debt: Pay it off
Contraty to popular belief, you cannot build a sustainable empire on a rickety house of cards.
The majority of debt sucks and will suck you for all your worth when you're both in and out of the money.
Prioritize paying off debt over all other expenses.
3/8
Rain Day Fund: Have one
Earnings are cyclical in nature and nobody shoots straight to the moon.
Accumulating a rainy day fund that covers all your expenses (rent, food, utilities) for at least 6 months and then expanding it is essential.
And you never touch it. Ever.
4/8
Invest: In yourself
Your first investment should always be in yourself:
Better equipment
More knowledge
Therapy for mental health
Gym membership for physical health
These are things that nobody can take away from you and will serve you well for the rest of your life.
5/8
Invest: Diversity and Risk
Anyone who is telling you that Crypto is a "sure thing" and "low risk" is delusional.
Diversify your investments across real estate, precious metals, blue chip stocks, crypto and more.
Your risk profile depends on your age.
6/8
Invest: Passive income is King, capital appreciation is Queen
Passive income generated by investments such as real estate rental, stock dividends and crypto staking will provide you with a healthy money flow.
It's like having a job you never have to work at.
7/8
Invest: Say "No"
Suddenly, everybody and their grandmother wants to tell you about their "new idea" or how something will "revolutionize [insert industry] as we know it".
Learn to say "No"and say "No" (politely) to 9 out of 10 opportunities that come your way.
8/8
Conclusion
A financial education is not as difficult or technical as people might think it is. Don't be intimidated.
Properly planning your finances will give you peace of mind over the course of your entire lifetime.
Don't be *that guy* who had it, and then lost it all.
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With the recent spotlight on NFTs and the inevitable digital content revolution that it brings, here is a guide for the many influencers who are looking to lead in this new decentralized era.
People have been asking me about my investment thesis towards NFTs and why I believe they will only continue to grow in prominence.
Crypto is better money.
DeFi is better financial services.
NFTs are a neccesary evolution of digital asset ownership and management.
2/
We live in an age where the time spent by humanity online is growing exponentially.
Physical lives are becoming digital lives and with that increasing time allocation, digital assets will continue to grow in value.
3/
We live in an era where people are comfortable with holding and assigning value to digital assets and collectibles... even when they dont *truly* own them.
Imagine what would happen when digital goods are empowered and released out of their current walled gardens...
I know we've seen tons of new token holder for $WHALE over the last 24 hours and would like to thank @chicocrypto_ for discovering us and saying such nice things about the project.
For all newcomers... Welcome! $WHALE lies at the intersect of NFTs, Social Tokens and DeFi:
2/
Check out our independent monthly NFT audits being done by @nonfungibles and over 5,000 @whale_community collectors and creators at:
ETH gave birth to so many amazing projects, both on the Ethereum network and through new chains, that the true value of ETH is already spread across all of its "children".
2/
Investing in ETH really is investing in the infrastructure, but the true value will not be realized in ETH, but rather in the successful indvidual projects built on and inspired by the Ethereum network.
3/3
Investment funds are always limited so ETH will not see the same amount of centralized buying behavior that we see in BTC (If you want to invest in Bitcoin, there is only BTC).
The path to wealth with ETH is investing in the projects that best exemplify its use case.