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0 sats \ 4 replies \ @chakrint 22 Feb \ on: What are you even gonna do with the money? Personal_Finance
I understand your feelings.
I can understand your concerns. Getting a large sum of money unexpectedly can raise many questions about how to use it wisely and make the most of it.
Set goals in life.
Before making any decisions, I recommend that you take some time to set goals for your life. What do you want in life? What are your priorities? What do you want to do? What do you want to have?
Once you have clear goals, you will be able to make easier decisions about how to spend this money.
Consider your options carefully.
The options you have listed all have their own advantages and disadvantages.
Traveling the world in luxury allows you to experience new things and see the world, but it is also expensive.
Traveling the world on a budget allows you to save money, but it may not be as comfortable as the luxury option.
Using the money as a down payment for a house allows you to own your own home, but you will have to make mortgage payments for a long time.
Not selling your Bitcoin gives you the opportunity to make more profits in the future, but it is also a high-risk investment.
Diversify your risk.
I recommend that you diversify your risk by not putting all of your money into one investment.
You can divide some of the money into different assets such as stocks, real estate, gold, etc.
Consult an expert.
If you are still unsure, I recommend that you consult a financial expert for advice on managing your money.
Live a happy life.
Finally, I would like to remind you that money is just a tool to live your life. The most important thing is to live a happy life.
Quote:
"Money can't buy happiness, but it can buy the things that make us happy." - Warren Buffett
Hm, you know: I've been trying to find things that I could diversify in with the same "good feeling" that I have with Bitcoin, but I fail to find anything.
Gold? I've got the better candidate already.
Silver? Brass, Copper and Lead? Fine for a SHTF-storage, but as an investment?..
ETF's? Why? For a chance of gaining a few % after inflation? In a good year? Nah..
The only thing that would come somewhat-close, are properties, something that's far out of my reach for now.
See, I think of "diversifying" as a way to pick multiple winners, but also multiple losers... What's the point? Spreading risk, or maiming your portfolio for a false sense of security?
Risk is always there, I've chosen to embrace it.
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