RichQuack Profile picture
Mar 6, 2023 8 tweets 4 min read Read on X
Are you tired of watching your #savings lose value over time? Here's why you might be losing #money by keeping it in the #bank, and what you can do to beat #inflation and make your money work harder for you $QUACK. #RichQUACK

THREAD 🧵👇 Image
1/ If you're keeping your money in a savings account, you may not be earning enough interest to keep up with inflation. In fact, the average interest rate for savings accounts is only about 0.05%, which is well below the current inflation rate. $QUACK
2/ This means that your money is actually losing value over time, as the cost of goods and services increases faster than the interest you're earning. So, what can you do to beat inflation and make your money work harder for you? $QUACK
3/ One option is to invest in the #StockMarket, which historically has offered higher returns than savings accounts. However, it's important to remember that there is always some risk involved with investing, and past performance is no guarantee of future results. $QUACK
4/ Another option is to consider investing in #RealEstate. Property values have historically increased over time, and rental income can provide a steady source of #passiveincome. $QUACK
5/ Finally, you could consider starting your own #business or investing in a #startup. While this option involves more risk, it also offers the potential for higher returns if the business is successful. $QUACK
6/ If you're looking for a more unconventional investment option, you might consider investing in #cryptocurrency. While there is some volatility in the market, the potential for high returns has attracted many investors. $QUACK
Ultimately, the key to beating inflation is to find a strategy that works for you. Take action and start putting your money to work for you. Don't let inflation eat away at your hard-earned money – start investing today!

RT & Follow us for more great content $QUACK

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with RichQuack

RichQuack Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RichQuack

Jun 4, 2023
1/7 🔓 Atomic Wallet, a noncustodial-decentralized wallet app, has been exploited, leading to users on Twitter reporting complete losses of their crypto portfolios. #AtomicWallet #CryptoNews $QUACK #RichQUACK #bitcoin Image
2/7 📢 The Atomic Wallet team announced on Twitter on June 3 that they received reports of wallets being compromised and were investigating the situation. $QUACK #RichQUACK
3/7 🕵️ On-chain investigator, ZachBTX, known for tracing stolen funds, has joined the investigation, though the method of attack remains unclear.

😲 $35M Funds Stolen OMG! $QUACK #RichQUACK
Read 7 tweets
Jun 3, 2023
📜 New US legislation could set out crypto pathway from security status to commodity.

This will clarify & make consistent the regulatory landscape of cryptocurrencies. Bullish?
Thread🧵by $QUACK #RichQUACK
#Cryptocurrency #DigitalAssets #Decentralization #CryptoNews Image
1/6 🏛️ The bill facilitates discussions between Republicans, Democrats, the Senate, regulators, & the private sector on market structure reforms, addressing needs & concerns of various stakeholders $QUACK #RichQUACK
2/6 📊 Criteria for a network to be considered decentralized have been defined in the proposed legislation, including the absence of unilateral authority or substantial ownership by a token issuer or affiliated person. $QUACK #RichQUACK
Read 7 tweets
Mar 17, 2023
1/ 📚 Welcome to the world of crypto slang! In this thread, we'll dive into the most popular terms and phrases used in the #crypto community. Buckle up, and let's get started! #CryptoLingo $QUACK
2/ 🤗 HODL: A misspelling of "hold" that became a popular term in the crypto world. It means to hold onto your cryptocurrencies rather than selling them, even during market fluctuations. Stay strong, HODLers! 💪 #HODL $QUACK
3/ 😱 FOMO: Fear Of Missing Out. This term describes the anxiety people feel when they see others profiting from an investment or trade, making them want to jump on the bandwagon. Remember, always do your research before investing! 🧐 #FOMO $QUACK
Read 11 tweets
Mar 16, 2023
🚀🌕 5 Hilarious Ways #Crypto and @Twitter are Intertwined! #CryptoTwitter @elonmusk #RichQUACK $QUACK

A Thread 👇
@Twitter @elonmusk 1/ 🤖 AI-powered Crypto: Did you know crypto trading bots are now programmed to invest based on @elonmusk's tweets? Just kidding (or am I?)! It seems like the crypto market dances to the tune of the Technoking's tweets. 💃 #Cryptonomicon $QUACK
@Twitter @elonmusk 2/ 💬 Meme Magic: Remember when #DogeCoin went to the moon? 🌕 One tweet from @elonmusk and it skyrocketed! The power of memes and Twitter's undying love for them keeps the crypto world laughing and trading. 🚀🐶 #DogeToTheMoon $QUACK
Read 7 tweets
Mar 16, 2023
1/ 🧵 Demystifying Crypto Taxes: An Introduction to Taxable Events, Calculations, Record-Keeping, Strategies, and Pitfalls. A thread to help you navigate the world of #cryptocurrency taxation $QUACK #RichQUACK #CryptoTwitter 👇
2/ 💰 Tax treatment of cryptocurrencies: Tax authorities worldwide treat cryptocurrencies as property, not currency, meaning you're taxed based on capital gains/losses when you sell, trade, or use them. Each jurisdiction has its specific tax regulations. $QUACK 🌍
3/ 📈 Common taxable events:
a) Trading crypto-to-crypto or crypto-to-fiat
b) Selling crypto for goods/services
c) Earning crypto from mining, staking, or other activities
d) Receiving crypto as income (e.g., salary or freelance work)
$QUACK
Read 11 tweets
Mar 15, 2023
🚀Unlocking Success: Dive into the key takeaways from "The 7 Habits of Highly Effective People" by Stephen R. Covey—a holistic approach to personal & professional effectiveness. #RichQUACK $QUACK

A thread👇 Image
Habit 1: Be Proactive 🎯
➡️Focus on what you can control & take responsibility for your actions. Empower yourself by overcoming challenges & taking charge of your life. $QUACK
Habit 2: Begin with the End in Mind 🏁
➡️Define your values & vision, align your actions accordingly. Set long-term goals & create a meaningful, purpose-driven life. $QUACK
Read 9 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(