Avatar
Bitcoinlady
5c8f14a4c1fd4f3bb4ceb7ee52f68dd45a1c1d460aa5b2b08ce3a6fb92e6201a
Content creator , funny , love writing , funny of basketball 🏀, Upcoming Bitcoin Educator for Ladies ,love reading 📖 books,charming, humble , love Positivity friends , Explore Nature & Beautiful of Africa 🌍

Interesting take from Buffett on paying taxes - https://www.youtube.com/watch?v=7OG2LBjmNQM

At twenty, you don’t get the life you deserve, you are just the product of the environment you were lucky or unlucky to have.

Then, as you get older, and enter your thirties, forties, and beyond, you notice how much agency you actually had on your life.

Maybe you moved abroad, learned another language, another culture, another mindset, and became an entirely different person.

Maybe you decided you had nothing to lose, and invested all your meager savings into the bet of a lifetime, and it worked out.

Maybe you changed all your habits, and realized that you could be much healthier, smarter, stronger than you thought, if you simply maintain a better diet, a better training, a better sleep, a better routine.

Maybe you fell in love, and realized that a great marriage was about so much more than physical attraction and intellectual compatibility: if you find yourself walking alongside with a kind, thoughtful, honest person who loves you back, you actually won the lottery.

Maybe you met some great people during your journey, shared with them parts of your journey, overcame difficult challenges together, finally understood the real meaning of “friendship,” and that some people are worth trusting and making sacrifices for.

Maybe you also had health issues, lost a few precious people that you loved, understood the fragility of life and the pain that comes with truly loving someone else, but also finally gained enough wisdom to appreciate the simple things in life, that are free and in abundance.

It’s a long journey. The best and the worst things will happen to you. You can choose to act like a victim, or you can choose to respect yourself and be more resilient, mentally stronger, overall better. In the end, you will look back, you will connect the dots, and it will all make sense, that you got exactly what you deserved.

LIFE TIPS✅️

Checking in — how is everyone today?

LIFE TIPS✅️

Have grace for yourself. You are free to shift your perspective on things and change your life. You don’t have to stick with things that are not truly aligned with you or your purpose. Everyday is a chance to learn new things & leave behind those things not in alignment with you.

LIFE TIPS✅️

💫✨Time never stops for anyone, and if we do not prepare ourselves for the opportunities, we'll miss it.

We only give up when we do not have the courage and skills required to face the challenges and struggles that comes along the opportunity.

Giving up is always an option, we can give up at any time we feel like, but standing on our grounds and facing all the challenges, fears, miseries and struggles that comes in the persuit of our goals takes courage, perseverance and grit.

So, try and keep trying until you become the person you want to be.

Remember failure is an event and not a person. We are failing that means we are trying.

Failure is inevitable but it is not the end.

👉Do not give up on your self and have faith in your abilities to overcome any circumstances that comes your way.💫✨

LIFE TIPS✅️

Don’t over extend yourself. If someone doesn’t reach out, don’t invest energy there. If you sense a lack of interest, don’t invest energy there. If you feel avoidance or hesitation, don’t invest energy there. You are exhausting yourself, let it go. You are valuable, deserving, and worthy— be cautious of where you direct your energy. Don’t take their lack of effort or interest personal, it’s on them. Not everyone has the capacity to love and care like you do, it’s not your fault. Your energy is sacred, don’t limit yourself!

LIFE TIPS✅️

10 Great Money Books Worth Reading

➡️The Little Book of Common-Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John Bogle

➡️ The Millionaire Next Door by Thomas Stanley and William Danko

➡️Get Good With Money: 10 Simple Steps to Becoming Financially Whole" by Tiffany "The Budgetnista" Aliche

➡️ The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham

➡️The Savage Truth on Money: Third Edition by Terry Savage

➡️ The Warren Buffett Book of Investing Wisdom: 350 Quotes From the World's Most Successful Investor by Robert L. Bloch

➡️The Price You Pay for College: An Entirely New Road Map for the Biggest Financial Decision Your Family Will Ever Make by Ron Lieber

➡️Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life by Laurence J. Kotlikoff

➡️Success Through a Positive Mental Attitude by W. Clement Stone and Napoleon Hill

➡️This Is the Year I Put My Financial Life in Order by John Schwartz

🗞

• "✝️He is not here; he has risen!"

—Luke 24:6-7

✝️Wishing you a happy Easter full of blessings.❤️🍭

🎊✝️Happy Easter to Russian, Ukrainian, Georgian, Ethiopian, Serbian, Macedonian, Greek, Bulgarian, Romanian, Eritrean and Arab Orthodox Christians!✝️🎉

May you be blessed with happiness and love, growth and prosperity!❤️

If you made a mistake, Apologize.

If you are thankful, Say it.

If you are confused, Ask questions.

If you learn something, Teach it.

If you are stuck, Ask for help.

If you are wrong, Admit it, sooner.

If you can unselfishly give, Give.

If you love someone, Tell them, now.

Think Positive™✅️

Replying to Avatar BankSith

1. **What Is an ETF?**

- An **Exchange-Traded Fund (ETF)** is a type of investment fund traded on stock exchanges, similar to stocks. Unlike mutual funds, which calculate their net asset value (NAV) once a day, ETFs can be bought and sold throughout the trading day at market prices.

- ETFs aim to track the performance of a specific index or asset. For example, an S&P 500 ETF holds shares of companies listed in the S&P 500 index, mimicking its performance¹.

2. **Bitcoin ETFs: Bridging Traditional Finance and Cryptocurrency**

- Bitcoin ETFs allow investors to gain exposure to Bitcoin's price movements without directly owning or managing Bitcoin. These ETFs have become a crucial financial instrument as the cryptocurrency market matures.

- Two main types of Bitcoin ETFs have emerged:

- **Bitcoin Spot ETFs**: These ETFs hold actual Bitcoin or contracts related to Bitcoin's price. Investors can buy shares of the ETF, representing proportional ownership in the Bitcoins held by the fund.

- **Bitcoin Futures ETFs**: These ETFs do not hold actual Bitcoins. Instead, they gain synthetic exposure to Bitcoin through futures contracts, which derive their value from the anticipated future price of Bitcoin⁵⁶.

3. **Key Differences Between Bitcoin Spot ETFs and Bitcoin Futures ETFs**:

- **Underlying Assets**:

- **Spot ETFs**: Hold actual Bitcoin.

- **Futures ETFs**: Rely on futures contracts tied to Bitcoin's price.

- **Performance Drivers**:

- **Spot ETFs**: Directly track real-time Bitcoin market value.

- **Futures ETFs**: Reflect anticipated future Bitcoin prices.

- **Liquidity Needs**:

- **Spot ETFs**: Provide straightforward exposure without the complexity of trading Bitcoin directly.

- **Futures ETFs**: Use futures markets for synthetic exposure.

- **Potential Price Divergence**:

- **Spot ETFs**: Should closely follow Bitcoin prices, minus fees and trading costs.

- **Futures ETFs**: May diverge from spot prices due to futures contract dynamics⁴⁷.

In summary, Bitcoin Spot ETFs offer direct exposure to Bitcoin's real-time market value, while Bitcoin Futures ETFs rely on futures contracts. Both cater to different investment strategies and risk appetites, bridging the gap between traditional finance and bitcoin.

Keep in mind none of the 2 make you own real #bitcoin. You only gain price exposure through 3rd parties!

Thanks very much and be blessed for such great explanation ,i real understood

"Deep Work" 📚

-

by: Cal Newport, offers insights and strategies for achieving focused, high-quality work in an age of distraction.

-

Here are 10 lessons from the book:

1. The Importance of Deep Work: Newport argues that deep work, defined as focused, uninterrupted work that pushes cognitive abilities to their limit, is crucial for producing valuable, meaningful work in today's knowledge economy.

2. Minimize Shallow Work: Shallow work, such as responding to emails or attending meetings, can consume a significant portion of our time without adding much value. Newport advises minimizing shallow work to create more time for deep, meaningful work.

3. Embrace Concentrated Focus: Deep work requires concentrated focus and sustained attention. Newport encourages individuals to eliminate distractions and create environments conducive to deep, focused work.

4. Develop Rituals and Routines: Establishing rituals and routines can help facilitate deep work. Newport suggests creating habits such as setting aside specific times for deep work, establishing pre-work rituals, and setting clear goals for each work session.

5. Master Your Attention: In an age of constant distractions, mastering your attention is essential for deep work. Newport provides techniques for managing attention, such as implementing digital detoxes, using focused attention techniques, and practicing mindfulness.

6. Seek Solitude: Solitude can foster deep work by providing an environment free from distractions. Newport recommends carving out periods of uninterrupted solitude to focus on deep, concentrated work.

7. Embrace Boredom: Boredom can be a precursor to deep work, as it encourages the mind to seek stimulation and engage in deeper, more meaningful activities. Newport advises embracing boredom as a catalyst for creative thinking and problem-solving.

8. Set Clear Boundaries: Setting clear boundaries is essential for protecting time and attention for deep work. Newport suggests establishing boundaries with colleagues, clients, and technology to create space for focused, uninterrupted work.

9. Practice Deliberate Practice: Deliberate practice involves focusing on challenging tasks that stretch your abilities and provide opportunities for growth. Newport encourages individuals to engage in deliberate practice to improve skills and achieve mastery in their field.

10. Prioritize Depth Over Busyness: In a culture that glorifies busyness, Newport advocates for prioritizing depth over quantity. He encourages individuals to focus on producing high-quality work through deep, concentrated effort rather than simply staying busy.

By applying these lessons from "Deep Work," individuals can cultivate habits and practices that support deep, focused work, leading to greater productivity, creativity, and fulfillment in their professional and personal lives.

10 Great Money Books Worth Reading

➡️The Little Book of Common-Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John Bogle

➡️ The Millionaire Next Door by Thomas Stanley and William Danko

➡️Get Good With Money: 10 Simple Steps to Becoming Financially Whole" by Tiffany "The Budgetnista" Aliche

➡️ The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham

➡️The Savage Truth on Money: Third Edition by Terry Savage

➡️ The Warren Buffett Book of Investing Wisdom: 350 Quotes From the World's Most Successful Investor by Robert L. Bloch

➡️The Price You Pay for College: An Entirely New Road Map for the Biggest Financial Decision Your Family Will Ever Make by Ron Lieber

➡️Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life by Laurence J. Kotlikoff

➡️Success Through a Positive Mental Attitude by W. Clement Stone and Napoleon Hill

➡️This Is the Year I Put My Financial Life in Order by John Schwartz

7 Ways to Build Financial Wealth

(By Robert Kiyosaki)

-

Your financial wealth is your responsibility.

If you desire to be rich, it is one that can be yours if you follow the path laid out below.

1️⃣ Savers Are Losers.

👉🏻 Compounding the problem is that the interest rate paid by most savings accounts trails behind the rate of inflation.

👉🏻 In other words, your money sitting in a bank - while earning interest - is becoming less valuable.

👉🏻 Building real financial wealth begins with educated investing, not with saving money.

2️⃣ Pay Yourself First.

👉🏻 If you use your income to pay for your bills and financial obligations first, you'll end up with nothing short-term or long-term.

👉🏻 In the short-term, you are unable to invest in what will provide escape from living paycheck to paycheck.

👉🏻 In the long-term, you will have nothing to live on during retirement.

👉🏻 Paying yourself first means that when money comes in, you designate a portion of it to purchasing income-producing assets before one cent goes to anyone or anything else.

3️⃣ Expand Your Means.

👉🏻 Just like the riches always concentrate on creating money and you will expand your means.

👉🏻 Create money by purchasing assets that pay for what you want.

4️⃣ Focus on Moving to the Right Side of the CASHFLOW Quadrant.

👉🏻 As shown in the picture below, those who are able to create and maintain wealth are found on the right side of the quadrant.

👉🏻 Regardless of which quadrant you are presently in, becoming rich begins - and ends - with a commitment to take the necessary steps to move and stay on the right side of the quadrant.

👉🏻 Where you are in the CASHFLOW Quadrant today isn't as important as where you focus, because today's focus will create tomorrow's reality.

5️⃣ Pay Taxes Like the Rich.

👉🏻 If you want to become rich, you need to keep more of what you make and pay less in taxes.

👉🏻 Use the tax laws that are already set up to help you keep what is yours - provided that you are making your money from the right side of the CASHFLOW Quadrant.

6️⃣ Mind Your Own Business.

👉🏻 When you forget to mind your own business, you eventually end up owning a job instead of a business.

👉🏻 B's and I's create systems (build automated process for their investing or entrepreneurial pursuits) that can run with or without them.

👉🏻 They think in terms of scalability.

👉🏻 By making processes scalable, exponential growth is only a matter of adding additional resources - namely other people's time and money - instead of longer hours and harder work on your part.

👉🏻 This is what it means to "mind your own business."

7️⃣ Diversify Your Portfolio.

👉🏻 If you only diversify within one asset class, you are exposing yourself completely to the weaknesses of that one asset class.

👉🏻 True diversification comes from investing across different investment vehicles (asset classes) such as real estate, commodities, businesses, and paper assets.

-

YouTube is FREE.

ChatGPT is FREE.

Podcasts are FREE.

Google Gemini is FREE.

The internet is free education.

Start learning, building, and earning.

Millionaires aren't waking up at 4 am, doing cold plunges, or working 18-hour days.

If you want to be a millionaire, mimic their habits.

They live below their means, set goals, and think long-term.

5 Business quotes by Grant Cardone

1. "Your brand is your most valuable asset."

2. "Success is your duty, obligation, and responsibility."

3. "Your greatness is limited only by the investments you make in yourself and your business."

4. "Your brand should be a reflection of your promise to your customer."

5. "The only people who criticize you for being successful are those who have given up on their own dreams."

If your main circle isn't discussing:

- Opening businesses

- Investing

- Escaping the 9-5

- Fitness

- Self Development!

Then it's time to find a new circle,

Your NETWORK is your NET

WORTH!

"Bitcoin actually has the balance and incentives right, and that is why it is starting to take off."

— 🔗 Julian Assange —

"In this sense, its more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes."

— 🔗 Satoshi Nakamoto —