Ahh how nice to be young and spending your money on the most useless things, that was the most valuable to us at that moment! I think i speak for the majority of you, that when we were younger we spent a part of our money on the stupidest things.
Now if i were to talk with my younger self and give him a couple of advice regarding money, i would probably say only 2 things. I could say a lot more if the question was related to women but that's life!
To begin with as a child, thankfully my parents didn't spoil me, especially with anything related to money. Let me give you an example in order to understand better the little filotasriza3.
So when i was young my parent used to give me a weekly allowance. i couldn't spend to anything i wanted to but i mainly used it for buying food in school or when going outside with friends.
You see when i was in school there was no free food, large cafeterias and stuff like that. There was a small store that you could buy food if you wanted to. My parents gave me the choice to take food from home like toasts, croissants, fruits etc etc
Also, note that my allowance was just a few euros enough for me to either buy something each day from school or use the money on weekends and have an awesome time.
So from a young age, i faced a dilemma and that was, how to spend my money and have the "best results". The best result for me at that time was to go out with friends during the weekends and spend the money there.
If somehow and by somehow i mean my grandpa game me some money then it was partyyy time. I bought the stupidest thing with that money, like tons of yu gi oh cards.
So the first piece of advice to my younger self would be to buy things that can have value in the future. For example, instead of buying the fake yu gi oh cards, i could buy the authentic ones which were more expensive but they still hold value!
A few years later when i was close to finishing high school i think, i stumbled upon btc and at that moment its price was somewhere between 20$-50$. I remember thinking of investing back then but i was too scared of losing my money.
I told my father and because he didn't know either he basically said no. The funny thing is that he still remembers that no :P. So the second piece of advice would be to make your own research and take small risks
Honestly, if you think about it, in the worst case scenario i would have lost 20-50$ and the best case one would be to have a fortune by today. I think that was a small price to pay. So now one question left to answer and that is...wait for it...
What would you Advice your Younger Self?
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I'll rather advice myself to Spend money wisely and invest for the latter days when no one will be available to support you.
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wise words my friend!
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😊Thank you @filotasriza3. Do have a wonderful moment
What a fortune you would have made today if you had taken that bold step of investing in bitcoin.
But sad enough you were younger and naive and also scared of losing your money. I am sure you had regretted not making that investment but it's okay since it's already in the past.
I think the most important advice I would have given my younger self is not to spend my money on sweets and sugary things 😂 I am paying the price for that at the moment lol. The money I wasted on sweet would have saved me with a chicken change for something else more valuable
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not entirely because chances are that if let's say bought at 50$ when the price reached 100$ i would most likely sell :P
hahaha i should have added that as well but a kid i wouldn't listen to my older self!
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You probably would have sold :)
I know children with sweet thing 😂
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You'll never learn anything if you don't take risks... You can always pick yourself back up and start over, with more experience
nice piece of advice!
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Invest every fucking month. Even the smallest amount I could afford.
Looking back, 95% of times I had at least 50 euros to invest each and every month, after the age of 30 and I am 44 right now. That's almost 15 years and I don't want to do the math.
At least I started this habit the last 6 months.
And learn about money...
Hi @filotasriza3
Paraphrasing your introduction, from another the approach is something like this; how beautiful it is to be young and spend money on the necessary and useful things in our lives, I agree with you, we really waste our golden years, because we do not reach to plan ourselves and when we do, we do not make the best use and utility to the money, then comes the experience, and even old age and we find ourselves without money to acquire the basic things. You can't change things, only fine-tune them to grow every day. Great publication, best regards.
what an awesome reply!
also sorry for the long time i take to reply back :P
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You missed the BTC train 😏
Saving more would be my advise to my younger self. I have been saving since they day i started earning but in think i would advise myself to take small risks.
Thanks for sharing your thoughts.