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Investing in crypto is a mistake for most.

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by COINS NEWS 83 Views

A little financial wisdom.

If you are in debt and/or you do not have 3-6 months expenses set aside, you should not be investing.

I was guilty of this up until this past year when at one point i had 75% of my money invested in crypto and my high interest car loan wasn’t even paid off.

Once you’re debt free and have a security fund then you can start looking at a Roth IRA. With a Roth you won’t be taxed on your gains like you are with crypto. Only after this would it be wise to invest in crypto.

I’m probably pissing in the wind but I know many here are young and making these mistakes.

submitted by /u/bds8999
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