I spent 8 years researching only personal financial management & applied it 100% to the crypto market.

Here are 7 financial rules that crypto investors should know:

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5. An emergency fund is an absolute must and cannot be used to trade crypto!

An emergency fund is a fund that contains enough money for you & your family to spend for 6-12 months. This fund can only be used in case of emergency (loss of job, loss of income, illness).

Never use this fund to bottom-fish crypto (even if you are sure of a 99.9% chance of winning, still do not use it).

6. Retirement Rule 300 - to trade crypto fulltime

Take your and your family's current monthly expenses then multiply by 300.

The result of this multiplication is the amount of money you need to save (and invest) to begin retirement and continue trading crypto full-time.

25 years is a long enough period of time, the interest of the total cost of 25 years can help you reinvest in crypto for higher compound interest.

7. Diversify assets beyond crypto

No matter how much you love crypto, this world still has more people who love gold than crypto.

No matter how much you believe in crypto, in this world most people still trade stocks more than crypto.

No matter how much you like crypto, in this world most people still own more real estate than crypto.

No matter how much you believe in the future of crypto, you still need a certain amount of cash for real life right now.

Diversifying your assets beyond crypto is the best way to manage risk.

Thank you for reading, if you like this sharing, don't hesitate for 1 second to like, share or send it to your friend who is investing in crypto!