Staying put is easy and safe, going into uncharted territory is risky.
At some point or the other, either we were told to, or we sort of figured it out on our own, or maybe even your friends told you – someway, somehow, you started saving.
It wasn’t too hard – you just take some money and put it somewhere that your everyday cash is not. It was really that simple.
Do this for a few weeks, months and years and you may think that’s all there is to succeed in your financial life. What you would soon come to know, is that, on it’s own saving is never enough.
Or as I say, you cannot save your way to financial freedom.
If you had all the money you’ve ever wanted, what would you do differently? How would you live your life?
We all have goals and dreams. We have things we want to do, places we want to visit and things we’d like to accomplish. However sweet our plans seem, they are nothing without actions. We all want to wake up in 5 years in our dream homes with our dream cars etc. That’s all well and good. Except from the part where we’re not changing our actions to reflect that lifestyle. We are acutely aware that our choices today determine our tomorrow. Why then do we stay doing wishful thinking instead of actively working on those goals? Nothing ever came to those who slept and dreamt sweet dreams.
‘Start doing and stop ‘dreaming’.
Cryptocurrency is the hot topic at the moment and what everyone wants to know is “should it be in my portfolio and how can I get my hands on them?”. I had a Q&A with one of my good friends and a young investor I admire, Olamide. I asked the questions and he gave me his very honest answers.
[PS, If you haven’t read my Introduction to Cryptocurrency Part 1, you can do so here.]
It was quite enlightening and I hope you enjoy!
1. What is your knowledge of cryptocurrency – how did you first hear about it and why did you think/ are you thinking to invest in it?
I would say I have a more than basic but less than expert knowledge of cryptocurrency. I first heard about it in June of 2017 through an American mentor I was speaking with about markets at the time.Back then I had very limited knowledge and invested quite a bit of money into Ripple, only to withdraw it all only the next day because of anxiety and constantly looking at the chart.
2. You’ve seen all that happened towards the end of last year to Bitcoin and the sudden interest in it, does that scare or overwhelm you as an investor? If so why, if not, why not?
First of all, what is Cryptocurrency?
As my last post of the year 2017, I thought I’d use the opportunity to say a massive thank you to you.
For all your love and support, thank you
For the feedback and constructive criticisms, thank you
For the likes, comments, shares and subscriptions, thank you
For being patient and kind with your words, thank you
I appreciate every single email, comment, like and share and I do not take it for granted. So, to end the year, I thought I’d share some of the top 3 lessons I learnt during the year:
Do you know the difference between your salary and your income?
We all love Christmas and look forward to spending time with family, friends and loved ones. But whilst it’s one of the highlights of the year to look forward to, for some, it can really put a dent in our pockets.
We don’t really think about it, it just ‘happens’, and let’s not talk about how January then tends to drag on. We need to be mindful of the fact that ’tis the season to be jolly, also means ’tis the season for money to leave your wallets. Some people call it a financial hangover, yikes!
There are so many Christmas jumpers I have bought and received over the years, most of which are somewhere, somewhere, deep into my closet. Or a suitcase. Or in storage. This year, I’m making a conscious effort to say No to the things that only make me feel good in the moment. Instead I’m saying Yes to things that will leave me happy come this time next year.