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Passive Income will change your life.
For instance, working full-time job for a year and putting it into saving account would probably worth approximately around $50.000 then you put it into saving account and spend gradually after, you worth overall only around $250.000 for 5 years not including the expenses.
However, instead of doing that, how about you start investing in Stocks Market or Cryptocurrency around $300 per month and the Market grows 10% or more every year and your worth would be around $68.000 in 5 years, that means you profit $18.000 more and it could be over $2 millions for 40 years.
That’s the power of compounding to show you how we should invest rather than saving money and you will be financially set for life.
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Comfort Zone is the slothful zone
Some others said the fluctuation in Trading Markets are huge and unstable to invest in ease.
That’s true. Conversely, you will understand how the market flow and hop in with a lower price, which also a good sign of nature flow in the market that you should not worry about.
The hardest step always from the start, someday you will look back and proud of yourself growing from there.
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Patience is key
It’s all about the process, not just putting a seed today and you will see a tree tomorrow.
https://www.instagram.com/p/CMjjdQhnZli/?igshid=matx8lltqim2
Back in 2016, the value of Bitcoin was around $550 and the whole world was calling it a scam, however, some other investors had a vision to believe in the potential of it and still holding it until this day, which now worth $60.000 and they are definitely living the best life.
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So what’s our next move?
After the market is on red today, that does not mean you should avoid or in panic to sell.
But that is the sign of discounted price and you should take advantage of investing at the lower cost then drop the average price down and you will return more profit eventually.
I believe there are tons of fluctuation will happen for years, but the technique you may have to stick forever is “buy low and sell high”.