Do you agree that all human beings are born equal? Absolutely!! Except those born with a silver spoon in their mouth (rich or royal family).However why are some people very successful even though they come from developing countries and thus have less structural and institutional support? The simple answer is their mindset. Importantly, I understand that money is not everything (Love, good health and great family are key) however being financially successful will certainly help you gain the goodies in our planet earth-therefore, in order to be successful, let us explore the rich man´s strategy:
**Long term thinking **: All successful people think long term. In fact, they do not cash out all their gains immediately after an investment and use the money to buy stuffs (expensive cloths, cars, etc) and later be broke-rather they think of good undervalued investments where they will make supernormal profits especially in the cypto space. One good example is the new Ethereum Lyte ( see their website : www.elyte.io and whitelist section of https://main.elyte.biz/?page_id=433 for their current crowdsale and join their telegram community: https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw if you have any questions ) . After investing, they hold long term thus making more than 20K% ROI (return on investment). The poor, on the other hand, will sell at only 5 or 10% gains and use all the money in buying stuffs-it is however, ok to take some profits in order to solve immediate financial issues, after which bulk of your investment should be long term.
Moreover, it is true that those who buy undervalued coins/tokens and hold in the long run make more supernormal profits than daily traders.
Passive income opportunities: Warren Buffet, for example, initial strategy was to invest in passive income opportunities and use the gains to invest in other ones (diversification of portfolio) until he has many source of income. One good example of passive income in the crypto space is steem power –which pays daily interest, you will have the ability to delegate power and earn more, upvote people posts and earn curation rewards in return including more payout in author rewards. Therefore, it pays to buy steem and power up.
Do you agree? Send in your comments, Pls resteem in order for others to join and upvote to send in your support.
Click here and read my former post: We are Bouncing Back Stronger! A message to crypto haters
The rich man mindset is indeed the key-this involves smart investment, discipline, and attitude. Thanks for this.
Nice reminder - With Steem I work on a 90-10 principle - reinvest 90%, cash out 10% to treat myself on a monthly basis.
The funny thing is that I started the same - 10% from my crypto trading profits invested in STEEM - but got some issues and invested more. As a result I'm happy about it. Now I'm thinking on how to make it a system and habit.
wow I like your strategy a lot....good one indeed
If it ever falls below 60-40 (before you hit yr draw down age) you're losing!
Speking of passive investment, has anyone invested in Bitcore (BTX)? They have a 6% weekly airdrop on Mondays. I am curious if anyone has thoughts about that.
That there is the secret of HODLing: patience. Patience and the stability to wait out declines.
You need belief, too. Why did Mike Hearn sell all his Bitcoin before its 2017 run? Because his frustration over the blocksize wars wore down his belief. He lost faith, so he couldn't stick with it.
Good point indeed, I agree. Petience is the key to success.
Well definitely first of all like to say a word for your lovely post is so great post and second of all I would like to add up by saying that a rich people mindset says to have a 100years old company than to have a 100 months old company so rich people or other successful people will like to have a company which is 100 years
Good point indeed, I agree
I totally agree.. I never fully understood the esence of powering up until I read it from your post.
This is beautiful and thanks for the enlightment .. @charles1..
You just got a follow😀
You are welcome, thanks for your comment
Most successes are based on will-power. If you are not determined to be successful, there is no way you will be able to think the way Charles thought before bringing out this piece. This is because people without determination are mostly not disciplined. They act based on the present situation and neglect the future which should be he most valuable priority. Sir, thanks for the excellent post. it's really helpful.
You are welcome, more success.
I agree with you but in a way you didn't put your facts straight and right.. Try to do a better job than this next time. Your writing technique was good.
Can you elaborate?
You got a 31.67% upvote from @allaz courtesy of @charles1!
I like this post 😉
Good luck for your steam 😉
I am waiting for your support.For me last post 😊
Thank you so much.Good evening 😊
what do you like about the post bot?
You got a 9.58% upvote from @buildawhale courtesy of @charles1!
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could not agree more with your assertions. thanks for sharing
I am still fairly new to the steemit platform I am not a great blogger but with the rewards on offer the incentive is here to learn to be better . I love to read your post & get inspiration for my own along the same lines . Also cheers for sharing the two links . Can I ask do you have a copy of the e-book "Think & Grow Rich " by Napoleon Hill ? It is an education book I am happy to send you .
I am @junsusukhairi very agree with your post mr @charles1, and I want to restore your post, so that other people and beginners like me in steemit can join and upvote to send support to you. Given all these positive trends, haters will continue through their fake news media to create and spread panic but crypto lovers will always come back stronger than ever, hopefully soon become real. When steam, bitcoin and other cryptocurrencies rise again this is a severe blow to fuders (Banks, gold investors etc) and central government (India, China, Korea) through rules and media that have tried to kill the show for all of us that causes members not available in the crypto space store their coins / tokens. I will wait for the happy news. Oh yes, I also want to apologize, two days ago and three days ago I send Transfer 0.500 SBD to mr @charles1, you want mereceivenya. This is very important to me because it could be the initial capital for me to have a power steam. If you can accept that I will be very grateful because my dreams so steem power can be achieved. You are one-doers please, please do not be angry !!!
Yes all men are born equal but not all can be able to have the rich man strategy or mindsets. Most of the time we lack the necessary information that can transform our life thereby working in our narrow mindedness.
Your post is nice, am still new though.
New investors think that putting 60 % of their savings will make them double in short therm but most of them buy when the price is on mountain peak. Then blood is everywhere because of panic button.
so the key to success is up to 4 basic rules:
Hi. I agree with you.
This post has received gratitude of 2.68 % from @appreciator thanks to: @ronja1.
Good information, do not forget follow @virusteem
what is good about the post, bot?
i hope you want to follow me
No bot!!! why will I follow you bot?
I am from Indonesia I love @charles. Follow @yasir123
did you read the post....bot?
I agree with you, one needs the rich man strategy to secure financial future. The mindset of spending most of your money without long time investment will keep one poor forever.
I aggree with this how ever it is very hard to abide by the rules but i have learnt alot from this and would start implementing it in my life
Hampir mirip ma yg punya steemit @charles... sebelas dua belas lah.... 👍👍😊😊😊
Ini fans saya n saya udh nonton semua film yg ia perankan,,
Good
I Like posting. Please follow me. Thanks
You got a 1.66% upvote from @postpromoter courtesy of @charles1!
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for me we are born to be equal in this world because God creates us as human being to be loved each other. :)
Thank you for sharing. It is indeed a good reminder from what I've read in the book called "The Behaviour Gap", on the long-term thinking. I suppose, this is an oft-quoted evergreen wisdom in investment.
Good photos, I am a photographer, it passes for my blog and sees my content, I hope that it should be of your taste :D greetings
Hahaha , you are right..thanks for your comment