Do you agree that all human beings are born equal? Absolutely!! Except those born with a silver spoon in their mouth (rich or royal family).However why are some people very successful even though they come from developing countries and thus have less structural and institutional support? The simple answer is their mindset. Importantly, I understand that money is not everything (Love, good health and great family are key) however being financially successful will certainly help you gain the goodies in our planet earth-therefore, in order to be successful, let us explore the rich man´s strategy:
**Long term thinking **: All successful people think long term. In fact, they do not cash out all their gains immediately after an investment and use the money to buy stuffs (expensive cloths, cars, etc) and later be broke-rather they think of good undervalued investments where they will make supernormal profits especially in the cypto space. One good example is the new Ethereum Lyte ( see their website : www.elyte.io and whitelist section of https://main.elyte.biz/?page_id=433 for their current crowdsale and join their telegram community: https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw if you have any questions ) . After investing, they hold long term thus making more than 20K% ROI (return on investment). The poor, on the other hand, will sell at only 5 or 10% gains and use all the money in buying stuffs-it is however, ok to take some profits in order to solve immediate financial issues, after which bulk of your investment should be long term.
Moreover, it is true that those who buy undervalued coins/tokens and hold in the long run make more supernormal profits than daily traders.
Passive income opportunities: Warren Buffet, for example, initial strategy was to invest in passive income opportunities and use the gains to invest in other ones (diversification of portfolio) until he has many source of income. One good example of passive income in the crypto space is steem power –which pays daily interest, you will have the ability to delegate power and earn more, upvote people posts and earn curation rewards in return including more payout in author rewards. Therefore, it pays to buy steem and power up.
Do you agree? Send in your comments, Pls resteem in order for others to join and upvote to send in your support.
Click here and read my former post: We are Bouncing Back Stronger! A message to crypto haters