Forex and crypto trading isn't profitable until one year of trading experience. That means, all money I pour will simply go down the drain. Although I would like to keep trading, it's important for me to spend the majority of my funds on minimum risk investments so my money can keep growing regardless what happens.
Thus, I hereby present this financial plan:
50% of my money will be devoted to minimal risk, high-return investments. This means I'll be exploring the crypto space of Decentralized Finance, participating only in the most credible cloud mining pools, liquidity pools, lending programs, and Staking. I expect to gain at least 15% return per month.
30% of my money will be devoted to swing trading of cryptocurrencies. However, I will only invest a maximum of 1 dollar per trade and 5x leverage. I expect to gain at least 30% return per month.
20% of my money will be devoted to daily expenses, to provide material comforts and conveniences to the endless cycle of growth and decay, that which we call life.
For this plan, I will need to save $20. Here, the $10 will serve as the main body of my money tree, earning high interest. Then $6 will be for my trading needs, the fertilizer for my money tree. Then the remaining $4 will be the fruits of my money tree.
My personal expenses are not urgent. $4 won't be enough to buy all of them either. So I'll simply save the remaining $4 and grow my money, following the strict distribution of 5:3:2. This means I cannot have $10 for personal expenses unless I already have $15 for trading first. And I can't have $15 for trading unless I already have $25 for my savings.
Therefore, I will first need to grow my overall money tree to $50 before I can spend $10 for my personal expenses. And when I finally have $10, I will use it to buy the following things:
Then maybe if I'm rich, I'll get the following things: - Therapy sessions - Neuropsychological testing - fmri (functional mri) scan - eeg scan
When growing the money tree from $20 to $50, assuming that I will earn at least 15% of my 50% and 30% of my 30% per month, one will earn at least 16.5% per month. Plugging all these into the compound interest formula, it will take me a maximum of 6 months to grow my money from $20 to $50.
It may seem like a long time but it's a compounding money tree so the growth is always accelerating and not at a constant speed. It may grow slowly at first but it will eventually reach the skies later. According to this formula, my money tree will reach at least a total of $100 in just a year, so I'll become rich after a year of following this plan.
Another way to earn money is to go fishing, especially on weekends when you have a lot of free time without anything to do.
The reality of fishing is that it often takes a lot of time to catch a fish, so it's important that one is very patient and attentive to their fishing. With enough time and patience, it will be possible to check the chart every hour for at least 12 hours. This will prevent the person from missing any hourly opportunity and catch great fish.
It's not so much as difficult as simply checking every hour to see if you have caught something. Of course, you have to check at multiple locations, at least 7 different fishing locations every hour throughout the entire day. It may sound tiring but such survey won't last more than ten minutes every hour.
Even if we don't collect any fish, it will be a great way to develop our patience and learn the art of waiting from fishing. Regardless of the result, it will definitely be profitable for us.
I remember the news of a kid who became a millionaire simply by trading trending crypto. They got their funds from participating in free airdrops which are decentralized marketing campaigns that doesn't need referrals. Simply impressive, for a genius kid to become a millionaire with their own abilities by simply wandering around the internet. A true hero of the basement dwellers indeed.
Maybe I should participate in airdrops too so I can get my money tree to grow quickly. However, I realized that there's a gas fee needed to participate in most of them. Either I'll need to save at least $5 for airdrop capital or participate in airdrops or giveaways that doesn't require any capital.
Another annoying thing about it is that I need to use Twitter and social medias to retweet and share their promotional marketing stuff. I can't just taint the purity of my Twitter account by posting marketing stuff instead of quotes. This means I'll need to create my own Twitter account for participating in airdrops.
Furthermore, they say that it's important to create a new crypto wallet for airdrops because there are suspicious airdrops that doesn't give anything but simply takes everything you have. This is something I'll have to work on as well.
The greatest obstacle I'll face in this activities is that I don't want to lose my dignity by acting like a marketing agent and beggar. This means I'll have to somehow change my mindset and perspective, thinking of this activity not as searching garbage cans for money or begging for money but simply like any other job that pays for effort.
It may seem difficult at first but once we get started, it will be so difficult and annoying that we have no time or energy left to complain how annoying it is. That's why it's better to get started than to hesitate and complain.