๐—ง๐—ต๐—ฒ ๐—•๐—ฒ๐˜€๐˜ ๐—ช๐—ฎ๐˜† ๐˜๐—ผ ๐— ๐—ฎ๐—ธ๐—ฒ ๐— ๐—ผ๐—ป๐—ฒ๐˜†

This is a secret that pretty much everyone knows, but not everyone follows. Many prefer to seek what they ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜ฌ is an easier way, but overcomplicate it with unnecessary tips and tricks.

But the truth is actually quite simple. Read on for more๐Ÿ‘‡

๐—ง๐—ต๐—ฒ ๐—ฏ๐—ฒ๐˜€๐˜ ๐˜„๐—ฎ๐˜† ๐˜๐—ผ ๐—บ๐—ฎ๐—ธ๐—ฒ ๐—บ๐—ผ๐—ป๐—ฒ๐˜† ๐—ถ๐˜€ ๐˜๐—ผ ๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜๐—ฒ ๐˜ƒ๐—ฎ๐—น๐˜‚๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐—ผ๐˜๐—ต๐—ฒ๐—ฟ๐˜€. Value is subjective, and what is valuable to one may not be valuable to another. However, if you want to make money, ๐˜บ๐˜ฐ๐˜ถ ๐˜ฏ๐˜ฆ๐˜ฆ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ค๐˜ณ๐˜ฆ๐˜ข๐˜ต๐˜ฆ ๐˜ด๐˜ฐ๐˜ฎ๐˜ฆ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ฑ๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜ธ๐˜ข๐˜ฏ๐˜ต ๐˜ข๐˜ฏ๐˜ฅ ๐˜ข๐˜ณ๐˜ฆ ๐˜ธ๐˜ช๐˜ญ๐˜ญ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฐ ๐˜ฑ๐˜ข๐˜บ ๐˜ง๐˜ฐ๐˜ณ. This can be a product, a service, or even an idea. The key is to identify what people want and need, and then find a way to provide it to them.

True wealth generation can only come with effort. Bitcoin epitomizes this principle, as new bitcoin can only be initially acquired through the process known as Proof of Work. This exemplifies the truth that ๐˜ธ๐˜ฆ๐˜ข๐˜ญ๐˜ต๐˜ฉ ๐˜ช๐˜ด ๐˜ฃ๐˜ฆ๐˜ด๐˜ต ๐˜ฆ๐˜ข๐˜ณ๐˜ฏ๐˜ฆ๐˜ฅ ๐˜ต๐˜ฉ๐˜ณ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ ๐˜จ๐˜ฆ๐˜ฏ๐˜ถ๐˜ช๐˜ฏ๐˜ฆ ๐˜ธ๐˜ฐ๐˜ณ๐˜ฌ, through your efforts and the utility you provide, not by mere speculation or chance.

Rent-seeking, or the pursuit of wealth without creating value, erodes economic integrity. ๐—œ๐˜'๐˜€ ๐—ฎ๐—ป ๐—ฎ๐˜๐˜๐—ฒ๐—บ๐—ฝ๐˜ ๐˜๐—ผ ๐—ด๐—ฎ๐—ถ๐—ป ๐˜„๐—ถ๐˜๐—ต๐—ผ๐˜‚๐˜ ๐—ฐ๐—ผ๐—ป๐˜๐—ฟ๐—ถ๐—ฏ๐˜‚๐˜๐—ถ๐—ป๐—ด ๐—ฎ๐—ป๐˜†๐˜๐—ต๐—ถ๐—ป๐—ด ๐˜๐—ผ ๐—ผ๐˜๐—ต๐—ฒ๐—ฟ๐˜€, a shortcut that undermines the principle of fair exchange in a healthy economy. This leads to moral decay, financial failures, and ultimately (if left unchecked) civilizational collapse.

Common forms of rent-seeking include leveraging oneโ€™s proximity to newly created fiat money, producing post-modern art devoid of effort or beauty, and gambling in various arenas like stock markets, casinos, and crypto grifts. ๐˜›๐˜ฉ๐˜ฆ๐˜ด๐˜ฆ ๐˜ข๐˜ค๐˜ต๐˜ช๐˜ท๐˜ช๐˜ต๐˜ช๐˜ฆ๐˜ด ๐˜ค๐˜ฐ๐˜ฏ๐˜ต๐˜ณ๐˜ช๐˜ฃ๐˜ถ๐˜ต๐˜ฆ ๐˜ฏ๐˜ฐ ๐˜ณ๐˜ฆ๐˜ข๐˜ญ ๐˜ฆ๐˜ค๐˜ฐ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ค ๐˜ท๐˜ข๐˜ญ๐˜ถ๐˜ฆ, and only leech value from others.

As you work hard, ๐˜ด๐˜ข๐˜ท๐˜ช๐˜ฏ๐˜จ what you earn is also paramount. It fortifies your financial stability, allowing you to harness stored resources when truly needed. ๐—ง๐—ต๐—ถ๐˜€ ๐—ฝ๐—ฟ๐—ฎ๐—ฐ๐˜๐—ถ๐—ฐ๐—ฒ ๐—ฒ๐—บ๐—ฏ๐—ผ๐—ฑ๐—ถ๐—ฒ๐˜€ ๐˜๐—ต๐—ฒ ๐˜ƒ๐—ถ๐—ฟ๐˜๐˜‚๐—ฒ ๐—ผ๐—ณ ๐—น๐—ผ๐˜„ ๐˜๐—ถ๐—บ๐—ฒ ๐—ฝ๐—ฟ๐—ฒ๐—ณ๐—ฒ๐—ฟ๐—ฒ๐—ป๐—ฐ๐—ฒ, or delayed gratification, which is essential for building a better world and improving your future.

There are many ways to create value, and the best approach will depend on your skills, interests, and resources. The important thing is to find what you are good at and what people want, and then focus on creating value in that area. ๐— ๐—ผ๐—ป๐—ฒ๐˜† ๐˜„๐—ถ๐—น๐—น ๐—ณ๐—ผ๐—น๐—น๐—ผ๐˜„ ๐—ถ๐—ณ ๐˜†๐—ผ๐˜‚ ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ถ๐—ฑ๐—ฒ ๐—ผ๐˜๐—ต๐—ฒ๐—ฟ๐˜€ ๐˜„๐—ถ๐˜๐—ต ๐˜€๐—ผ๐—บ๐—ฒ๐˜๐—ต๐—ถ๐—ป๐—ด ๐—ผ๐—ณ ๐˜ƒ๐—ฎ๐—น๐˜‚๐—ฒ.

Remember to give this a ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ and a ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„, and ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– it for when you might need it later.

And let me know your thoughts in the ๐—–๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€โฌ‡๏ธ

Reply to this note

Please Login to reply.

Discussion

๐—ง๐—ต๐—ฒ ๐—•๐—ฒ๐˜€๐˜ ๐—ช๐—ฎ๐˜† ๐˜๐—ผ ๐—ฆ๐—ฎ๐˜ƒ๐—ฒ ๐— ๐—ผ๐—ป๐—ฒ๐˜†

A follow-up to my post from last week, on the best way to ๐˜ฎ๐˜ข๐˜ฌ๐˜ฆ money.

Now that youโ€™re providing a good or service that the world needs, and you have some extra money, what should you do with it?

Here are some recommendations๐Ÿ‘‡

Saving money effectively is as much an art as it is a science. In a world where bitcoin reigns as the supreme store of value, ๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ๐˜ด๐˜ต๐˜ข๐˜ฏ๐˜ฅ๐˜ช๐˜ฏ๐˜จ ๐˜ฉ๐˜ฐ๐˜ธ ๐˜ต๐˜ฐ ๐˜ด๐˜ข๐˜ท๐˜ฆ ๐˜ด๐˜ฎ๐˜ข๐˜ณ๐˜ต๐˜ญ๐˜บ ๐˜ช๐˜ด ๐˜ค๐˜ณ๐˜ถ๐˜ค๐˜ช๐˜ข๐˜ญ. Here's a guide to help you navigate this journey.

๐—•๐˜‚๐—ฑ๐—ด๐—ฒ๐˜๐—ถ๐—ป๐—ด ๐—ถ๐˜€ ๐—ž๐—ฒ๐˜†: Start by creating a budget. Track your income and expenses meticulously. This allows you to identify areas where you can cut back, thereby increasing the amount of sats you can stack. Remember, every sat is an ๐˜ช๐˜ฏ๐˜ท๐˜ข๐˜ญ๐˜ถ๐˜ข๐˜ฃ๐˜ญ๐˜ฆ piece of the total limited supply.

๐——๐—ผ๐—น๐—น๐—ฎ๐—ฟ-๐—–๐—ผ๐˜€๐˜ ๐—”๐˜ƒ๐—ฒ๐—ฟ๐—ฎ๐—ด๐—ถ๐—ป๐—ด (๐——๐—–๐—”) ๐—ถ๐—ป๐˜๐—ผ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป: Instead of exchanging a lump-sum of fiat for bitcoin, DCA into bitcoin. This means regularly buying a fixed fiat amount of bitcoin, irrespective of its price. ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ด๐˜ต๐˜ณ๐˜ข๐˜ต๐˜ฆ๐˜จ๐˜บ ๐˜ณ๐˜ฆ๐˜ฅ๐˜ถ๐˜ค๐˜ฆ๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ช๐˜ฎ๐˜ฑ๐˜ข๐˜ค๐˜ต ๐˜ฐ๐˜ง ๐˜ท๐˜ฐ๐˜ญ๐˜ข๐˜ต๐˜ช๐˜ญ๐˜ช๐˜ต๐˜บ, and averages out the purchase price over time, making it ideal for long-term saving.

๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ฒ ๐—ฆ๐˜๐—ผ๐—ฟ๐—ฎ๐—ด๐—ฒ: Once you acquire bitcoin, prioritize its security. Use hardware wallets for the bulk of your holdings. These physical devices store your private keys offline, separating them from any online hacking attempts. Remember to buy the most reputable open-source devices, only buy directly from the manufacturer, and ๐˜ฏ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ ๐™š๐™ซ๐™š๐™ง ๐˜ด๐˜ฉ๐˜ข๐˜ณ๐˜ฆ ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ฑ๐˜ณ๐˜ช๐˜ท๐˜ข๐˜ต๐˜ฆ ๐˜ฌ๐˜ฆ๐˜บโ€™๐˜ด ๐˜ด๐˜ฆ๐˜ฆ๐˜ฅ ๐˜ฑ๐˜ฉ๐˜ณ๐˜ข๐˜ด๐˜ฆ ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜ข๐˜ฏ๐˜บ๐˜ฐ๐˜ฏ๐˜ฆ!

๐—Ÿ๐—ผ๐—ป๐—ด-๐—ง๐—ฒ๐—ฟ๐—บ ๐—ฉ๐—ถ๐˜€๐—ถ๐—ผ๐—ป: Have a long-term perspective. Bitcoin's value proposition shines brightest in the long run. Resist the urge to sell when the price dips, and instead ๐˜ด๐˜ฆ๐˜ฆ ๐˜ช๐˜ต ๐˜ข๐˜ด ๐˜ข๐˜ฏ ๐˜ฐ๐˜ฑ๐˜ฑ๐˜ฐ๐˜ณ๐˜ต๐˜ถ๐˜ฏ๐˜ช๐˜ต๐˜บ ๐˜ต๐˜ฐ ๐˜ด๐˜ต๐˜ข๐˜ค๐˜ฌ ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ด๐˜ข๐˜ต๐˜ด. Patience is a virtue, and those who view their savings with a multi-year horizon are greatly rewarded.

๐—–๐—ผ๐—ป๐˜๐—ถ๐—ป๐˜‚๐—ผ๐˜‚๐˜€ ๐—˜๐—ฑ๐˜‚๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป: Stay informed. The Bitcoin ecosystem is dynamic and constantly evolving. By keeping up with the latest developments, ๐˜บ๐˜ฐ๐˜ถ ๐˜ค๐˜ข๐˜ฏ ๐˜ฎ๐˜ข๐˜ฌ๐˜ฆ ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ ๐˜ช๐˜ฏ๐˜ง๐˜ฐ๐˜ณ๐˜ฎ๐˜ฆ๐˜ฅ ๐˜ฅ๐˜ฆ๐˜ค๐˜ช๐˜ด๐˜ช๐˜ฐ๐˜ฏ๐˜ด ๐˜ข๐˜ฃ๐˜ฐ๐˜ถ๐˜ต ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ด๐˜ข๐˜ท๐˜ช๐˜ฏ๐˜จ๐˜ด ๐˜ด๐˜ต๐˜ณ๐˜ข๐˜ต๐˜ฆ๐˜จ๐˜บ. There are many resources for that, including myself.

๐—œ๐—ด๐—ป๐—ผ๐—ฟ๐—ฒ ๐˜๐—ต๐—ฒ ๐—ก๐—ผ๐—ถ๐˜€๐—ฒ: Finally, tune out the short-term noise. Market speculators, sensationalist media, and Bitcoin detractors can distract you from building generational wealth. ๐˜๐˜ฐ๐˜ค๐˜ถ๐˜ด ๐˜ฐ๐˜ฏ ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏโ€™๐˜ด ๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ๐˜ญ๐˜บ๐˜ช๐˜ฏ๐˜จ ๐˜ง๐˜ถ๐˜ฏ๐˜ฅ๐˜ข๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต๐˜ข๐˜ญ๐˜ด, and train yourself to have a long-term outlook on the future.

And remember, every sat you stack is more wealth thatโ€™s ๐˜๐—ฟ๐˜‚๐—น๐˜† ๐˜†๐—ผ๐˜‚๐—ฟ๐˜€, and disconnects you a little more from the need to trust the whims of centralized financial systems.

Be sure to ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ and ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ this, and ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– it for later.

And give me your thoughts on this in the ๐—–๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€โฌ‡๏ธ

nostr:nevent1qqswjqra0rz9n78jaz35udvge624zqgehsg3jj63afqv0vmq8skk5egpp4mhxue69uhkummn9ekx7mqzyp05sxj22fyq6h38jccrhwragaeks9pp30yr8tskwxpj20ftayd77qcyqqqqqqggchvwj