like the post says, the only time to put your additional savings into investments is when you have excess cash that can't go into a business. if you need inspiration or ideas, the jungle discord http://discord.gg/K6WfHphzBj has a lot of people posting macro-analyses and general advice for things like e-commerce and affiliate marketing.
but if you're waiting on someone to hand-hold you it won't work. you need to hop on youtube and just look up some 3-hour ecommerce guide and get started. then when you have specific questions about managing inventory, supply chain, etc. you can ask people and they can help you.
As a hamster, stocking up is first nature to me. Sometimes I go too far, though. BTB noticed a surge in frozen food purchases and thought people were being lazy, but it might have been me stocking up on frozen Wagyu.
I also noticed some clown outfit with an ad featuring 'cryptocurrency-trading hamsters' (and I think they are making fun of us). I can categorically state that I have no association with them and in fact will laugh as they go to Zero. Their photo of a Robovorski at a keyboard is incorrect and misleading, since even Logitech has admitted that wireless mice are actually hamsters.
When it is mentioned an NFT must offer utility, what is an example of utility for an NFT ? (is this simply community/network effect) or utility meaning the NFT references some imporant asset in the metaverse etc.
Late comment but would appreciate any/all opinions if you come across this. Medium net worth, low cash flows, no business ideas currently. Would you sit on $10k until brain finally able to come up with a business idea (really a struggle to this point), or invest (would either go tech ETF or BTC/Eth)? Thanks.
Copy what's already working. Start an online service-based business – get Wifi money while refining your skills. This will show you what's possible.
If you don't have a career, get one that will pay you to learn that skill. Endless opportunities to work remotely. Do service biz on side, then build a scalable online business.
What is your opinion on the arguments against Proof of Stake? Michael Saylor made some pretty compelling arguments against it on episode 59 Robert Breedlove's podcast called What Is Money.
Saylor argues that part of what secures Bitcoin and PoW networks is the fact that it recruits advocates from the legacy monetary network over time due to the fact that it is capital intensive.
In contrast, Proof of Stake essentially forks you from the legacy system and essentially creates an imaginary world where those who already have the coins are the king.
there's career advice on the jungle discord http://discord.gg/K6WfHphzBj and @BowTiedAce does consultation calls. but the MAX you can get with a raise is like 15%, so it's not worth the headache and potential to piss off employer. general advice is to hop companies if you feel that you are underpaid, but only if the salary difference is SIGNIFICANT. it's not worth damaging your political capital at the company for a few extra thousand when you could be building a business on the side. the reason why you want political capital is because you'll know who you need to schmooze or how to get the bare minimum work done. If you join a new company, first of all it'll take you time to find a company, interview for them, and then you'll have to know who to schmooze and what is the bare minimum work you need to get done to be seen as good. you can do this a lot easier at your current job if you've been there for a while because you know how everyone ticks.
Quick question: If I decided to invest in REITs or indexes, how do I know it’s going to outperform inflation? And also, since crypto is so good, wouldn’t it make more sense to invest only in crypto and ignore TradFi? Since I could get better results
BTB suggests 50% in indexes (VOO), 25% in BTC/ETH, if medium net worth. Really depends on your risk tolerance. Read all of BTB most recent posts, he covers this question in detail
I’m sitting on tons of public company equity yet every time I read a substack post I think “I should start a business”
Lesson in there
like the post says, the only time to put your additional savings into investments is when you have excess cash that can't go into a business. if you need inspiration or ideas, the jungle discord http://discord.gg/K6WfHphzBj has a lot of people posting macro-analyses and general advice for things like e-commerce and affiliate marketing.
but if you're waiting on someone to hand-hold you it won't work. you need to hop on youtube and just look up some 3-hour ecommerce guide and get started. then when you have specific questions about managing inventory, supply chain, etc. you can ask people and they can help you.
Ask yourself how much exactly required to guarantee your kids won't eat bugs
So banks are transitory?
Lol! Yes.
As a hamster, stocking up is first nature to me. Sometimes I go too far, though. BTB noticed a surge in frozen food purchases and thought people were being lazy, but it might have been me stocking up on frozen Wagyu.
I also noticed some clown outfit with an ad featuring 'cryptocurrency-trading hamsters' (and I think they are making fun of us). I can categorically state that I have no association with them and in fact will laugh as they go to Zero. Their photo of a Robovorski at a keyboard is incorrect and misleading, since even Logitech has admitted that wireless mice are actually hamsters.
When it is mentioned an NFT must offer utility, what is an example of utility for an NFT ? (is this simply community/network effect) or utility meaning the NFT references some imporant asset in the metaverse etc.
That Bloomberg article is shameless. Inflation is not a bad thing, now bend over.
One thing he got right though is that it makes debts easier to clear.
Important thing to notice when everyone (individuals and nations) is borrowing everywhere.
Yep inflation above rate of debt... means again asset holders get richer. Borrow against asset at lower rate than inflation.
It's a trick because people think "debt" = broke, when in reality the rich are the most in-debt among us.
Late comment but would appreciate any/all opinions if you come across this. Medium net worth, low cash flows, no business ideas currently. Would you sit on $10k until brain finally able to come up with a business idea (really a struggle to this point), or invest (would either go tech ETF or BTC/Eth)? Thanks.
Copy what's already working. Start an online service-based business – get Wifi money while refining your skills. This will show you what's possible.
If you don't have a career, get one that will pay you to learn that skill. Endless opportunities to work remotely. Do service biz on side, then build a scalable online business.
What is your opinion on the arguments against Proof of Stake? Michael Saylor made some pretty compelling arguments against it on episode 59 Robert Breedlove's podcast called What Is Money.
Saylor argues that part of what secures Bitcoin and PoW networks is the fact that it recruits advocates from the legacy monetary network over time due to the fact that it is capital intensive.
In contrast, Proof of Stake essentially forks you from the legacy system and essentially creates an imaginary world where those who already have the coins are the king.
I'm trying to understand your POV. Why would you consider staking ETH in pools like Lido 'extremely dangerous' (said the other day)?
impermanent loss and rug risk
With all of this inflation data coming in should I be asking for a raise or at least a bonus from my employer? Best way to go about that?
You should be doing the bare minimum to be seen as a high quality employee and starting your own biz
Thanks Bull
there's career advice on the jungle discord http://discord.gg/K6WfHphzBj and @BowTiedAce does consultation calls. but the MAX you can get with a raise is like 15%, so it's not worth the headache and potential to piss off employer. general advice is to hop companies if you feel that you are underpaid, but only if the salary difference is SIGNIFICANT. it's not worth damaging your political capital at the company for a few extra thousand when you could be building a business on the side. the reason why you want political capital is because you'll know who you need to schmooze or how to get the bare minimum work done. If you join a new company, first of all it'll take you time to find a company, interview for them, and then you'll have to know who to schmooze and what is the bare minimum work you need to get done to be seen as good. you can do this a lot easier at your current job if you've been there for a while because you know how everyone ticks.
Plus if you’re already remote, the political stuff is gonna be tough at a new role in a new team.
Thx
Quick question: If I decided to invest in REITs or indexes, how do I know it’s going to outperform inflation? And also, since crypto is so good, wouldn’t it make more sense to invest only in crypto and ignore TradFi? Since I could get better results
Depends on your net worth. When you get to a certain point you don't want the risk of being 100% in one asset class
risk tolerance
I am 21. Living with my parents and earning top 5% income in my country. So risk tolerance is pretty high.
Swing for the fences then
If NOT high net worth (NOT income), start a biz… if biz started, use cash flow to expand biz. If want to play lotto… buy lotto ticket
Also consider not living with your parents. The financial benefits often overshadow the long term psychological effects of being subsidized.
BTB suggests 50% in indexes (VOO), 25% in BTC/ETH, if medium net worth. Really depends on your risk tolerance. Read all of BTB most recent posts, he covers this question in detail
Sounds quite dangerous, you don't want more than 10% in NFTs in general