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READ CAREFULLY BEFORE INVEST! The Psychology of Money 👀🤑 1. The most valuable asset you have is not money but time. 2. Compound Interest can turn even small amounts of money into large sums over time. The key is to start investing early and to invest consistently. 3. The importance of humility: You might make good decisions, but external factors play a major part too. Stay humble and don't overestimate your skill. 4. Risk is not a One-Size Fits All: What's risky for one individual may not be the same for another. Housel encourages the readers to assess their risk appetite and tailor their financial strategies accordingly. 5. The Power of Saying No: Learn to say no when it comes to financial temptations and impulsive spending. This insight is crucial for avoiding the debt trap and building the financially secure future. 6. Learn from the past: study the financial history to gain the broader perspective on the market's ups and downs. By learning from the past crisis and booms you can make more informed decisions, mitigate risks & seize opportunities. 7. The trap of lifestyle inflation: As income rises, spending often increases to match it. "The Psychology of Money" warns against this and suggests saving and investing income increases to improve financial security. 8. Focus on what you can control: while you can't predict the stock market or macro-economic trends, you can control your savings rate, spending habits and investment decisions #BinanceTournament #AirdropGuide #BTCFOMCWatch #CPIAlert #bitcoin
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Bitcoin mining profitable? Bitcoin mining can be profitable, but there are several factors to consider : - Join a bitcoin mining pool to increase chances of adding a block and receiving the block reward. - Invest in the right tools and hardware, such as ASIC mining rigs. - Consider electricity costs and maintenance. - Be aware of the environmental impact. - Research and understand the current market and potential earnings. - Be prepared for a long-term investment, as the profitability of bitcoin mining can fluctuate. - Consider using a bitcoin mining calculator to determine potential earnings based on your specific setup and conditions. - Stay up to date with the latest developments and changes in the bitcoin mining industry. #BinanceTournament #AirdropGuide #BTCFOMCWatch #BTC #altcoins
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