Lesson#03
Make a Proper Budget for Meme Coins:
**It's the Meme Era. Everyone is talking about meme coins. Stories are going viral that someone put $100 in a meme coin and it turned into half a million dollars. This sort of story diverts the attention of new traders, and they start daydreaming of becoming millionaires with these meme coin investments.
First of all, you need to learn the fact that most of these stories are self-generated and have nothing to do with reality. And if somebody really made that much money, he must be one man out of half a million people who just failed. Nobody will highlight thousands of stories where people just put their life savings into meme coins and left bankrupt.
I just wanted to emphasize that you must calculate the risk when investing in meme coins. If a thousand meme coins are launched, almost 990 would just go to trash.
You must make a rule for yourself. Collectively, you must not invest more than your one-month salary into all of these meme coins during the whole bull run. Again, emphasizing, you must not exceed this limit. If you can discipline yourself and maintain your budget, you can avoid disaster.
I know you must be thinking people have made fortunes with meme coins, but believe me, meme coins have made so many people ruin their life savings as well.
Lesson learned: Make a proper budget for trying your luck in meme coin investment portfolios and never exceed limits so that you can't afford to lose at any cost.**
