In the world of cryptocurrencies, the choices are divided between safe and very risky currencies. Safe currencies provide stable and reasonable financial returns 💵, while risky currencies may achieve exceptional returns of up to 10 times or even 1000 times 🚀✨, but they carry with them great risks ⚠️. Inexperienced people often head straight towards investing in risky currencies, without realizing the importance of sound financial planning 🧠📊.
The Three Stages of Income and How to Deal with Them 📝
Income sources can be divided into three main stages, each of which has a specific role in financial risk management:
Stage 1: Basic Income 🏠
This income is what you get from your monthly salary 💼, and it is considered the main source to cover your basic needs, such as housing, food, and daily expenses 🍴. You should never risk this income, as it is the backbone of your life 🛡️.
Stage 2: Return on Investment 📈
At this stage, you allocate a certain percentage of your salary to invest regularly 📊. Over time, you start making profits from these investments 🤑. These profits are considered additional income, but they should not be risked too much, as they can be used to gradually improve your financial situation 🛠️.
Stage 3: Return on Return 🔄
This stage is the most important when it comes to calculated risk 🎯. The income at this stage is the profits you make from investing your previous profits (i.e. return on return) 💹. This income is often not necessary to cover your basic needs or directly improve your standard of living 🛋️. Therefore, you can use part of it to invest in high-risk trades 🎲.
Conclusion: When to take risks? 🤔
Smart risk comes from using only the third stage income ✅, as losing this income will not radically affect your life 🛑. However, if you succeed in investing this income in dangerous currencies with a high return 🔥, you may achieve unexpected profits that change the course of your life completely.