RE: Rant: Learning basic Risk/Reward applied in real life - related to crypto currencies. Why cryptos aren't risky investments at all
Enjoyed reading, been a few days out of town so I missed a few of your posts. I personally started buying rental real estate right out of college and I guess I would be what you call a level3, I have a near 8 figure net worth, 9 properties mostly Office parks, and zero debt...actually I just paid off my last mortgage Feb of last year. I recently entered crypto last year and just from mining, I was making more every month off a small farm I paid $35k for compared to what two of my 4plexes worth about $900k are bringing in, it’s absolutely crazy. I’ve diversified some of my portfolio into crypto investments, but the mining has been amazing, it’s like you have a machine that prints money. Since I was young, my goal has always been to try to grow my passive income so that I always have revenue streams to fall back on. Also, I have always tried to eliminate debt as soon as possible. You can be a wealthy person working 12hrs a day as a CEO of a big company, but to me, money is freedom, freedom to do what ever I want whenever I want. I have now grown my passive income to the point where I earn more than enough just on passive income to pursue whatever makes me excited and for past year that has definitely been crypto. For all the people stuck in 9-5 jobs, they need to make that investment in their future, maybe that means one less meal outside, one less movie, waiting longer for a new pair of stylish shoes, put that money into investing in your future, and crypto is a great way to do that.
Definitely some level 3 shit right there :)
Thanks for the comment!