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Simply Crypto
490 posts

Simply Crypto
@simplycryptogod
Based | Crypto Enthusiast | Holder | Not a Financial Coach
Katılım Ocak 2025
338 Takip Edilen194 Takipçiler

Why am I scared to invest in stocks?
I am 21 years old and I have never put a cent into the stock market. I haven’t made a 401k yet. I have no Roth IRA. I don’t trade options. I own zero blue chip stocks. I have no small cap stocks.
My family, friends, and others tell me it’s a dumb idea. I could put money in stocks, allow compound interest to do its thing and be rich off of buying blue chip stocks whenever there’s a dip in the market.
Sounds extremely easy at first. I honestly think it is the easiest way to get rich, if… you have a ton of capital to disperse, and if you don’t care to be ultra rich.
Now I also think that if you’re long term holding anything then that comes with the highest form of risk.
Who’s to say that you live to see tomorrow?
You’re holding for years from now but you want to be rich today?
What happened to trying to push yourself to a limit that seems impossible?
Now in reality you really can’t be rich tomorrow off of really anything other than luck or insider trading. Even if you’re the best day trader in the world you still need a little bit of luck on your side.
401k and Compound Interest
Compound interest, my favorite trap. Spending twenty grand a year out of your paychecks towards something that’s going to make you rich when you are 59.5 sounds great.
Yeah, no. I honestly just don’t care to have money when I’m old. I just believe there’s more to life than being rich when I’m old.
You’re probably asking what’s a less risky way then?
And honestly I’m still trying to figure that out. I would say involving yourself in a little bit of everything.
Now the real reason I really haven’t put any money into a 401k and a Roth yet is because I haven’t made enough capital to invest into it.
In a perfect world I would have enough capital to do disperse for saving, crypto, stocks, real estate, retirement accounts, and have all my expenses on auto pay.
One day I will have this figured out. All I know is that while I am young I have to be very cautious of where I am putting my money and I am not making enough to disperse into everything.
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@_TJRTrades Did you ever go back to the church or any church?
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People are so obsessed with the rags to riches story nowadays. If you were from Africa starving with no water for days straight and become successful that’s the only way you will get respect. The first podcast I ever got on I talked about how my great grandparents started a private school in Silicon Valley that my parents now run. I actually mention it on every podcast I ever go on. What never gets mentioned is how I left the church that every single one of my family members is apart of after leaving high school at 18 and was then cut off having to pay for everything myself. Paid for the 2 years of college I went to, paid for everything, all while not talking to my parents for a solid year and a half because of our disagreements. I grew up in a big house in one of the nicest areas of California but was never given anything to help start my career. I got great education as a teenager but once I turned 18 and made the decision I didn’t want to live the life my parents wanted me to live I was on my own. Is it the best fairytale story of success ever… no but I made the life I am living now by myself. Think about a very religious family who runs a school, do you really think they would give money to their son who is drinking and smoking daily (against the church rules) and dropped out. Definitely not lol. Idk what you guys define “broke” as but I was broke in my eyes. I had -2,000 in my bank account and I even ran to my rich parents and asked them to help me. They said no, what are you going to do about it. I proceeded to DoorDash for 3 days straight deadass going up to people’s doors asking for cash so I could fill my car up with more gas to keep door dashing because I had $0 in my bank. Now I’m on great terms with my parents, buy my mom jewelry and purses that yes my family can’t afford to buy, take our entire family on trips that only I can afford to take all of us on, but to the internet mind it doesn’t matter because I grew up in a comfortable situation as a child 🤣. Oh and I’m still waiting for my trust fund, the internet says I have one but for whatever reason I haven’t received a dollar yet. Moral of the story people will try and discredit everything you do when you are better than them and living a life that they can’t even comprehend and will make up any reason for why you are in the position you are in besides the fact that you actually worked to get there. We are all dealt a hand of cards when we are born I just happened to be born into a family that is financially stable and the internet thinks that is a sin. All of you guys can make it no matter the conditions I’m sure this post will get hate but it had to be said. Too many people on the internet kill the dreams of younger people that want to be successful by saying it’s not possible. It is possible for every one of you. love you guys even my haters you all can do whatever you want with your life ❤️
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I just activated my creator coin on @Zora
Check it out $simplycryptogod
@simplycryptogod" target="_blank" rel="nofollow noopener">zora.co/@simplycryptog…
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$Miggles has always been the whole reason I made an account. Believe in something.
Higher.
Not financial advice but put your money in base memes and creator coins — it will pay off HEAVILY.
If you want to know what just dm me or comment below and I’ll help to the best of my capabilities.
#Miggles #Zora #base
@jessepollak @base @zora @MrMigglesOnBase
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@HNWcrypto When do you think you should start taking profits? Do you take some when you get a 2x and take out your initial or do you take some when your up 20-30%
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@0xBearski @dockerxbt Hmmm… $propaganda, $zxbt, do you still hold $creativeoffice?
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