THE PARADOX OF WEALTH

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IN ORDER TO MAKE MONEY, YOU MUST BE PREPARED TO LOSE MONEY.

This is the kind of information that you will not get in school. It can only be gained through experience. You may have heard of this concept but you won't truly understand it. I call it the investors mindset.

In my own words, a financial investment is money is put away NOW so that you can use/spend it in the FUTURE after it increases in value.

Simply put, I give you $10 today and give me back $30 in 3months time.

My motive is simple, I have $10 today and I will $30 in 3months time to buy a ticket to see the next MARVEL COMICS movie but I am not sure that I will have neither $10 nor $30 by that time. So, I buy $10 worth of steem at $1 per steem and hope that in 3 months time, steem will be valued at $3 per steem. In the hope to achieve this goal, I'm prepared to lose $5. That is to say that I wouldn't mind if steem comes out with a negative valuation before 3months, I will exit my position if steem drops to $0.5 steem per dollar. The implications are that I lose $5 and won't be able to see my movie. Its worth the risk because with my $10 now, I still can't go to the movies anyway. So I may simply just settle for a happy meal at McDonald's. I could hedge my position by hunting an airdrop that will pay me $5 within those 3 months but that's just the trader in me talking.

I want to be rich. Ever since I was a kid, when asked what I wanted to be when I grew up, I never wanted to be a doctor or a lawyer like other kids. I just wanted to be rich the fastest, legal way possible and that's why I'm a trader. In order to be rich I needed to understand the paradox of wealth. My studies and experiences revealed to me that the first barrier to wealth lies deep in your Psyche. We are inherently programmed to desire pleasure and avoid pain. The fear of loss/pain is more powerful than the desire for gain/profit/pleasure. In order to be wealthy you need to go against your natural instinct and be willing to take a lossIn anticipation of making a profit.

It is only when you are open to taking a hit/loss can you say that you are ready to enter a fight to make a profit. This is the motive behind market manipulation (PS: I'm not justifying illegality) and why companies advertise.

You are required to defy your natural instincts and become super human in order to truly have control over wealth.

So in conclusion, if you share my views and hope to be wealthy then here's a tip. SpeculativeTrading is the fastest legal way to wealth(stock, forex, cryptocurrency). NEVER INVEST MORE THAN YOU ARE WILLING TO LOSE, (Stop-loss order is your friend). Re-invest at least 50% of your earnings on income assets. An example of an income asset is steem power, you can buy and delegate your steem power through @minnowbooster or @blocktrades and earn a decent income weekly or monthly.