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/biz/ - Business & Finance


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22546384 No.22546384 [Reply] [Original]

Without saying "buy Chainlink", what's the best financial advice you were given or that you live by, that brought you success.

>> No.22546651

Find one good investment that you are an expert on and go all in. Diversitication is for idiots

>> No.22546748

>>22546384

timing the market is better than time in the market

>> No.22546760

Spend less, save more, buy YFK, max out your Roth IRA before investing in crypto.

https://uniswap.info/token/0xf4bCc9537e4A6FF9D13A92b6273CC2349b659242

>> No.22546806

"stop being a faggot" dad circa 1995

>> No.22546819

>>22546384
save 10-40% of your income to invest in assets

>> No.22546850

Don't have a gf at Christmas time.

>> No.22546860

buy chainlink

>> No.22546869
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22546869

>>22546651
Extremely high risk, extremely high reward.

>> No.22546897

>>22546850
Brilliant

>> No.22546914

>>22546850
very based, I often break up with girls before christmas or their birthday

>> No.22546952

>>22546819
Wish I did this when I was younger lol

>> No.22547351

>>22546384
>sportsball
cringe

>> No.22547364

>>22546651
This. I understand domain names. So I keep buying them.
You can't really predict when and how much you'll sell them for. But no other assets gives me as many 1000x returns as domain names.

Wouldn't advise newfags to get into this though. I've been at it since 2008 and understand instinctively what makes a "good" domain name.
And like BTC, I'm buying up all the good .coms

In 5 years, you wouldn't be able to start a company with a good brand name without paying me for your domain.

>> No.22547378

>>22546384
Invest in LINK tokens my friend.

>> No.22547380

>>22546384
only invest/trade in a few selected stocks/cryptos so you can feel confident in your decision making

>> No.22547385

>>22546384
Kill people richer than yourself and live in their homes only moving when bluebottles arrive as that signals a strong smell even though you'll not notice it.

>> No.22547387

>>22546869
>doesn't follow his own advice

>> No.22547432

>>22546384
BUY LOW, SELL HIGH
don't tell anyone, it's a secret

>> No.22547438

>>22547364
whata loser! I had to identify a bus among an array of images to say this, that's how much I think this is true

>> No.22547444

>>22547432
Thank you.

>> No.22547478

>>22546384
get married when you are 18. Split finances for the rest of you life.

>> No.22547493

>>22546384
Don't not purchase Chainlink.

>> No.22547540

>>22546384
>Without saying "buy Chainlink",
OK the best advice I had was "sell chainlink". I made $60k which may not be make it tier, but it's more than I've ever had

>> No.22547570
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22547570

>>22546384
>live with a roommate until you're married, if you're not splitting rent & utilities with someone then you're throwing money away
>before you get married, get a pre-nup, and set the clear expectation that your partner will need to pay for half of everything
>never buy a new car. Only buy a used car. Pay cash, don't finance your car.
>always pay off your credit cards at the end of every month
>if your cell phone or cable comes with a discounted introductory rate for the first year, immediately after it expires call customer service and complain that you're going to move to a different service provider, nine times out of ten they'll extend the introductory rate for another year
>never get a credit card with an annual fee
>get a few credit cards that max rewards in various categories, e.g. get a card that gives you 3% back on gas, get a card that gives you 3% back on groceries, get a card that gives you 3% back on restaurants, and get a card that gives you 2% back on anything else
>don't lend money to friends and family, nine times out of ten they won't pay you back and you'll have to forgive them or give up on the relationship
>when you invest, buy and hold, never sell, otherwise your monkey brain will cause you to buy the top and sell the bottom

>> No.22547677

>>22546384
Lucky with eth in 2016. 34 k off 5000. Then lost it all on it all on binary options.

Risk management. Never be greedy.

>> No.22547734

>>22547570
This isn't /r/povertyfinance

>> No.22547758

>>22546384
Acquire expertise, buy when you know you are right but the mob does not believe you

>> No.22547759

>>22547570
Fantastic advice.. especially not losing money on rent and the prenup. I hear a lot of guys lately lose everything in divorce...

>> No.22547958
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22547958

>>22547570
continued
>compound interest is a big deal. Live frugally and invest heavily during your 20s and it will pay dividends for the rest of your life
>if your friends invite you to go with them on an expensive vacation, or to an expensive concert, don't go, save the money
>buy your furniture on Craigslist or at Goodwill, or even better, look up the bulk trash pickup day in an expensive neighborhood and grab their expensive furniture before the trash men come get it
>if you're near a college, go dumpster diving outside the freshmen and sophomore dorms during move-out week; I once found a working Xbox 360 with four controllers and a bunch of games thrown in there, also lots of TVs and mini-fridges
>vet bills are expensive, avoid getting a pet until you're decently well-off and can afford the extravagance
>instead of buying a new iPhone, ask your parent if you can have their last-gen iPhone that's probably sitting in a closet collecting dust
>don't sign up for monthly subscriptions
>learn to cook at home instead of eating out
>build your own gaming PC instead of buying a pre-built one that's marked up 50%; don't buy an Xbox or Playstation and pay a monthly subscription to be able to play games you already paid for like a cuck

>> No.22547959

>>22547759
Only the ones who made it while they were married

>> No.22548030

>>22547958
>>learn to cook at home instead of eating out
Good advice the rest is either obvious or retarded

>> No.22548058

>>22546384
Save as much as you can

>> No.22548072

>>22547570
>>22547958
DUDE DONT SPEND MONEY LMAO
>that gaming pc advice
prebuilts are literally less expensive than builiding it yourself now.

>> No.22548102
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22548102

>>22546869
>>22547387
Buffet quote is of course fake but Andrew Carnegie actually agrees with >>22546651

You only have so much attention and background knowledge, so making one extremely well-researched bet is better that scattering your money everywhere.

>> No.22548111

>>22547478
>marriage
>the rest of your life
you're not from around here, are you, anon?

>> No.22548120

>>22548030
and what about not throwing your money at restaurant services was somehow less obvious than the other points?

>> No.22548134

>>22547570
>>22547958
suddenly i'm on quora

>> No.22548181

Don’t take financial advice from biz

>> No.22548206

>>22548072
Discarded corporate Optiplex + new midrange GPU is the most cost effective way to build a gaming PC.

>> No.22548217

>>22548120
Im just pointing that particular point out cus its important, someone m8ght read the dumpster diving shit and ignore the other points

>> No.22548235
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22548235

>$10,993
it's over, isn't it?

>> No.22548251

>>22548102
That's a good answer desu

>> No.22548289

DYOR and just hold. Don't waste time your time checking blockfolio/twitter/biz. Go outside. Don't be fat.

>> No.22549049

>>22547570
>>22547958

This is beginner stuff. It was pretty good stuff before the 2010's but since then this ain't enough.

>> No.22549182

your bet sizing should match your conviction. if you have conviction, go all in and never sell.

>> No.22549191

>>22546748
Lol

>> No.22549524

>>22547958
The PC part is good too, PC gaming is high investment but costs less in long run. Especially if you learn about what you are making and stay researching in the space. Lots of free AAA game giveaways without any monthly subscription costs for online like Xbox and PS.

>> No.22549590

>>22548206
I did this for a friend, only regret was I should have definitely got him an i7 and SFF is nice but limiting his best GPU to gtx 1650 low profile.

>> No.22549618

>>22546384
don't buy Band Protocol

>> No.22549887

>>22546384
software is eating the world

if you dont have goog v ma pypl crm msft, etc... you are dumb

>> No.22549912

max out roth, spend more time studying and getting a better job

no one is going to make it with a 40k a year job. and spending time day trading/investing $1800 is a joke and waste of time.