You don't have the money to make investments, or do you?

in LeoFinance3 years ago

Whoever invested in the cryptomarket, including yourself, at least since the last July should be seeing something around a 60x overall profit percentage. This is a very rough estimate, but after reflecting at the overall market, looking at the major alts and so-called "shitcons", I do think the number is somewhere around the bullseye.

The reflection also brought along an epiphany. You see, on January 2020, Jafed was looking at investment options. I was sitting right next to him swiping on a tablet and looking through the various portfolio options we had. I was there for the giggles, Jafed was in a suit. The company he chose had a very good reputation. The reputation came along with a gigantic price tag.

After almost an hour of discussion, sifting through procedures and laws, finding a sweet spot in arrangements, Jafed spills the words: "I don't have the money". The company was too expensive, Jafed really couldn't afford the packages. Another half an hour went by and Jafed was still adamant about not making the transaction.

The agent, Isaac, tried his best. He was going to get a 3% commission from this deal. It's a good buck. After conceding to Jafed he turns to the guy in sweats and joggers, me. He tries pitching me, but I have already made up my mind to stay away from forex and equities. He pushes on. I finally bow down to him and am forced to reveal my crypto portfolio, of which I was then very proud.

Isaac scoffs. The scoff hits me right in my fragile ego. "Is that really all that you can afford?" he asks. I am confused. Isaac convinces me that he is no longer going to pitch me, but he would try to leave me with an expensive lesson - for free.

When I left the brilliant office, I was left with an enigma that all of us traders/investors often struggle with. Since January of 2020 my portfolio, including all the new investments, has seen a healthy 12x profit. Back then it was something around 3x. But Isaacs's words still resonate within me like a pestering headache.

Come to think of it, what if I had invested just $1000 more than I already have? Would my 12x be around 15x? Would it way more? I do not know. But the only reason I never invested more than what I already have is because Jafed and I shared a similar mindset: "I DO NOT HAVE THE MONEY TO INVEST.".....or did I?

Isaac gave me the example of Jafed, in front of Jafed. If Jafed had decided to save up the money he spent on his nice suit, he would have been building towards a more secure future. If he would have put the same money into investments, he would have been building towards a more lucrative future.

The bottomline is that there is always enough money to make an investment, especially during crypto winters. The excuse of "lifestyle expenses" or expenditures is only that, an excuse. You could always choose to save on coffee by drinking at home, at food by cooking at home, or fashion by opting for a new balance instead of the Jordan breds. There always is a way to cut down on expenditures, saving up 15 bucks, and then choosing to put that 15 into savings or crypto. That 15 could potentially turn into $30, or even $100. And when the bigger picture comes into imagination, with bigger numbers, it becomes apparent that there always is the money to make an investment.

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Interesting article. It seems to me that financial literacy is the weak point of many people. Recently, I am more and more convinced that it is better to leave some cryptocurrencies and remember them in a few years, eg - #DOGE

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DOGE was clearly one of my beter investments. I will hold it for longer.

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