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Tuesday, December 29, 2020

"70 percent of lottery winners end up bankrupt"

What does this have to do with you? Everything. If you are fortunate enough to make a or have made a ton of money in Bitcoin, you need to understand why so many lottery winners end up broke. They have little to no idea on how to manage money.

Making a lot of money is not the same as managing a lot of money; People screaming about lambo's and how they want this and that, it's a stupid way to go about receiving the beautiful gift of bitcoin.

Avoid liabilities, gain assets.

If Bitcoin teaches you anything, be weary about spending tons of your money on things that can be replicated. Cars, clothes, tv's, computers. They won't make you happier.

During this journey everybody should be learning on how to gain, and hold onto wealth.

Edit: apparently the statistic isn't correct. Some some news spewing it around. Credit to u/itsnotlupus for pointing it out (Also happy cake day).

The point still stands though.



Submitted December 29, 2020 at 01:59PM by floorcondom https://ift.tt/3mVZ0vq https://ift.tt/2Z7cX2s

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/37Y1Ony
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