I know, especially if the prices rises, there is a desire to say "look at me, I'm so smart". I'm here to remind you that it's a very bad idea.
- You tell your boss. Guess what? You don't need that raise. Dude you've got more money than me!
- You tell your "friends". Be very, very careful expressing any wealth among people you think are "friends". I've learned this the hard way. If more than 3 people know, wrap that shit up. It can lead to heartache and resentment.
- Safety-do you really think people thinking you are rich and can access the $ in your phone puts you in a safer or more dangerous place?
- Your own ego. As bitcoin goes up, it creates wealth. Which leads to ego. Which leads to more spending and less working, generally too early. I want to tell you about 5 people I've met, one of them is me
a. Made $800k in 2007 as a mortgage company owner. Had a Lamborghini. Had a house that he put $600k into. 2009-has a watch left.
b. Had 12 houses/condos in so cal and Texas at 28. Was making $200k a year. Perfect credit. Has nothing at 32 but $800k of credit card debt.
c. Had 4 properties in 2020. Was close to the goal. Could have had 5 btc. Ended up with 1. Didn't see the slowdown coming.
d. Went to jail for 1.8 years after making 20k a month for 3+ years.
e. Had the ability to step on the gas and sell a business that would have provided life time income of 250k a year. Had 800k of btc. Decided he needed a bigger house.
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