38 Now and Lessons I wish I knew at 20,25,30

Financially-the earlier you start, the better. This is for two reasons-you compound investment and you get in the habit. People don't start working out at 40, and they don't start becoming savers at 50.

Life is short-we think we will all live long. Tons of us die before 50. This doesn't mean live only for today. It means go after your dreams. Minimize regret.

Take controlled risk-this is probably my biggest mistake. I did great with real estate, but I took the "big one" too late. I'm glad that I did, but if I had done it earlier I would be way better off. Not taking risk = risk. YOU WILL NOT BECOME WEALTHY BY PLAYING IT SAFE ALL THE TIME. YOU WILL ALSO BECOME POOR BY GAMBLING.

There won't be a meltdown. I like the idea of gold, but there won't be worldwide chaos. Instead, wealth gets transferred. Understand there is always money being made.

Tech and exponentially growing networks rule-I didn't understand exponential math when I was younger. Find an investment that has real upside. Investing in factories that make widgets doesn't work anymore.

Go on your computer right now and download your expenses from last month. How much did you spend? How much of it was nonsense. Reduce it 50% -challenge yourself-and put this money in bitcoin or something you want long term.

Consumption is overrated for the small items and underrated for the big items.

It's trite, but do NOT time the market. An investment is a 5 year term, minimum. Most people lose because they want big gains too fast.

Be able to explain 3 reasons that are bearish against your investment and also be able to explain why you think they are wrong. Example:

1. Bitcoin will be banned by governments. Surprise, I think this is actually true. I do believe China will outright ban btc within 5 years. However, Europe and the US cannot due to their structure (yellen and legarde would if they could).

2. Alt-coins will take away market share from bitcoin. Surprise! I agree. However, like gold, the need of a SOV will flow to bitcoin. I do not believe that multiple SOVs exist in any market. Dollar, gold, etc. There is usually one. I also see the crypto system using BTC as the settlement layer as it's rules are well established and in code.

3. Tether will bring down the entire system. I think tether has problems and the market share being taken by other stablecoins is telling. However, should Tether be found to be a fraud, all the money would flood as fast as possible to buying btc, not selling it. People get rid of bs assets as fast as possible before they become worthless.

Your friends aren't you. Many people are happy with netflix, taco bell, and a flat screen tv. Amazon and Tesla made people huge sums of money. The world kept on ticking.