Stocks, crypto, farm tokens ect. How do I build some serious wealth?
How do I build wealth in 2022?
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I want to make money nigger
I wish more discussions like this were taken seriously .
The bots and the glowing reddit fags have chased out most of the OG's and frens and made them not want to browse anymore but I'll throw some ideas out to get it started.
If you have a little land, chickens can be inexpensive and cheap to raise that'll be producing eggs in no time, if you got enough you can sell the eggs to friends maybe
Another option would be go to your local small business loan office and talk to them, learn how it all works and buy a business that's already running, like a laundromat or something and start small, make some improvements, maybe install a snack machine and increase the ways people can spend money in your business. Next thing you know you've got some working capitol and bam you're off to the races.
Hope this helped a little
Devote time to a career path. For me that's speech pathology. Can't do much other shit with it but I can't be working at a factory when I'm 50
Thanks man
I think I want to get into coding, Idk
Don't get into coding unless you can specialise into a high-MOAT domain like Risk, Banking, Insurance, Finance, Bio etc. And specialisation needs a masters degree
Bachelors: CS+ML opt
Masters: Risk / Bio /... domain
Then make portfolio projects with real world application in these domains.
Thanks for the heads up. Idk what other skill to look into
>Idk what other skill to look into
48 Laws of Power. All of them, until you FIREd/make it.
Do you have wealth? If not fix that first using income and savings.
If you have wealth then stocks are OK.
The stocks to buy these days without margin are materials and energy stocks that are in an uptrend but with low EV/EBITDA.
Job and low expenses
Disposable income maxing
Invest all of the disposable income, eventually one of your positions will print, rinse and repeat until rich
Depends on what you consider wealthy. I got 35k to my name
short strangle market neutral options strategies where you can afford to buy 200 shares of a company you believe in, enjoy your weekly 1% gains on the premium scalps.
That's probably way simpler than it sounds. Which broker do you recommend?
35k is a good start.
Use these sectors. They are in fashion now.
Thanks fren. I will try to not fuck this up
Lookout for the dog with the bat
Got any kneepads?
the rest of the decade won't be about building wealth, it will be about preserving wealth...
some companies will do well, but most won't
all crypto will decline, most will go to 0-10% of current prices
a small fraction of people in the right industries (cyber security, etc.) will see their real incomes rise, but most will fall significantly
the only investment position i'm really comfortable with now is avoiding bonds and being long commodities
Maybe you should look into building a steady passive income. Check out a platform like Freeway. They offer great apys for a variety of coins.
Great apys you say? Anything relatable? Or is it just a ton of bullshit as always?
commodities trading will rise
Try investing on play to earn games user wgmi
???? Why centralised?
This unironically
Commodity stocks and physical gold and silver.