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Guide on how to buy much more crypto (part 1) (WARNING: There's a risk of getting a better life as a side effect of following this guide)

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by COINS NEWS 129 Views

Disclaimer: If you eat oatmeal for breakfast and bike to work, you probably don't need this guide.

Here's a guide on how to buy much more crypto, to a point where it makes a real difference.

The biggest factors to being able to buy more crypto are of course income and expenses.

Skip the next two paragraphs to get directly to the advice I've got for you.

In this post, I will assume that you are a sane human being who will cover their most basic needs before moving on to investing in crypto (or anything else, for that matter). Why is this even necessary to mention? Because a bunch of people are attracted to crypto for its casino-like nature, and those people are not going to take care of themselves until they hit rock bottom (or never).

Why do you need to invest? If you can't answer that question for yourself, you're probably better off not dabbling in crypto at all, as you're likely to end up doing shit you don't understand and losing money in the process. Think long and hard before transforming your first dollar, euro, yen or whatever your country's fiat currency is called into some amount of some cryptocurrency, because it's hard to stop once you start. I thought I knew enough when I bought my first crypto, but I still got burned so many times that it's comical that I'm the one writing this post.

Expenses kill your dreams

Most countries follow an economic model that keeps the minimum wage just below the living cost to keep the great unwashed masses at work as much as possible. This means that the system is rigged to make it difficult to increase your income.

Human psychology is not helpful in this matter. Most people search for ways to increase their income, not realizing that lowering their expenses will give a much more direct and visible surplus.

This leads to the point I'm trying to make: Focus on lowering your expenses. The thing that ruins most household economies is the mishandling of expenses. If your expenses equal your income, it's obvious that you can't invest in crypto or anything else, for that matter.

The four most efficient ways to save money

  1. Cooking your own food (and most notably: snacks) is the number 1 saving strategy on this list. There are tens of thousands of food channels on Youtube. Look for guides on how to batch cook weekly/monthly. Make use of them. In some countries there are also apps like TooGoodToGo that can severely cut your expenses if you're not a picky eater. Pour your savings directly into more crypto.
  2. Rent can kill even the best budget, especially if you don't adapt to changes in life circumstances. You may be living in an apartment that was good when you had a partner, but don't kid yourself into thinking that more space = happiness. Houses have never been bigger and people have never been unhappier. Choosing appropriate housing such as a smaller or shared apartment can be very good. Finding a cheaper place in a more rural area can also free more money that can be funneled into even more crypto. Be mindful that transportation is a part of this equation.
  3. You can also save by not buying stuff you don't need. Focus on the long term and your dreams. Ask yourself four questions every time you are about to buy something:
    1. Is this going to make me happy right now? ⛔
    2. Is this going to make me happy in the short term (weeks)? ⛔
    3. Is this going to make me happy in the long term (months/years)? ✔️
    4. Is this going to help me achieve my dreams? ✔️
  4. Identifying addictions, small or big, can be extremely rewarding and profitable. Alcohol, cigarettes, sugar, porn, gaming, just to name the big ones, all lead to a brain incapable of producing dopamine, the reward-hormone. This leads to a feeling that life makes no sense, and what do we do when we get that feeling? We use more of what caused the feeling in the first place. The brain needs 28 days off (after detox) to get the dopamine center back to balance. It's seriously concerning to see that people work 60, 70, 80 hour weeks to earn enough to feed their addiction, yet still have a crappy economy. If you have questions about addiction, feel free to DM me as I am a nurse and I have experience with addiction myself as well as having worked in rehab.

I'll probably be downvoted into oblivion by people who already know all of these things. Meh.

submitted by /u/LrnFaroeseWthBergur
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