0. Quick Tips: Consider More Items and Diversify
1. Inspiration about money, how to prepare for financial crisis, and why gold is valuable.
A short video by Mike Maloney explaining 140 years timeline of monetary history. What is money? What is currency? He explains very well and easy to understand.
A playlist of Mike Maloney hidden secret of money which is a good material explaining why you should prepare for crisis.
Summary: educate yourself about financial before it is too late, how many crisis have we faced, and how many countries are currently facing crisis such as Argentina, Venezuela, and Zimbabwe, your country can be next, and never hold 100% fiat and educate yourself into other assets and items such as gold.
2. Taking Advantage of The System and Entrepreneurship
Why do you work for currency if the Central Banks, Federal Reserve, and government are printing faster that you can work for? The riches people in the world like Bill Gates and Steve Jobs are businessmen and investors. It’s not wrong to be an employee or be a government servant, but do learn about financials and question the current system. Before that, learn some basics about assets, liabilities, etc with Robert Kiyosaki.
Most developed countries are rushing their interest rate to zero. Japan and Europe now have negative interest. What does that mean? Catastrophe for you oh fiat / bank note savers. Instead of earning money when depositing into the bank, you will lose money. However rejoice! this is also a chance to take advantage of the system. It means they are paying you to borrow money. Go out there and borrow money to buy assets and start your business (disclaimer: plan fully and carefully beforehand or you will likely face bankrupcy).
Debts / loans should only be used for business or anything else to gain more money and never use them for anything else. Student loan is another thing I hate because you are forced to work and be enslaved after graduating to pay them back, even worse if you failed your study. I did my Bachelor because I can afford, finished my Master’s, and currently doing my Doctoral because I got a scholarship with no binding contract. The worst case is using loans to buy liabilities, such as over spending, over shopping, over usage of your credit cards, indulging in pleasures, and other ways of wasting money. Ignore these or you can end up like the video above.
3. Bitcoin and Other Cryptocurrencie
I repeat! Bitcoin and other cryptocurrencies: Borderless, decentralized, private, and uncensored currency where you have full power and freedom of your financials.
4. Finally, my extra and controversial opinion.
Money is just a tool to communicate values. If you are powerful, do you need money? Therefore, it’s the basics that are important which are knowledge, experience, abilities and most importantly power. With abilities, you can hunt for your own necessities. If you are immortal, do you still need food, drinks, and housings? If you are all powerful, doesn’t everything bows to your will? https://www.youtube.com/user/PurnamaABC
5. Copies of this article: