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No one gets rich when they’re young diversifying. I’m not sure why financial advisors or older wealthier continue with this lie. Most people who get wealthy diversify after they get rich.

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by COINS NEWS 168 Views

Me personally, I put everything I had into a business with less than a 50% chance of succeeding right before a pandemic. Financial advisors would say that’s dumb. I could save and diversify into S & P index and retire at 65 with enough money to take my grandkids to a baseball game. But I want to take a shot at early retirement. So I put 90% of my savings and extra cash into ETH and BTC. If it crashes my life won’t change. I’ll still go to my business everyday. But if it moons I can retire in 4-8 years. The upside is to great and the downside is keep doing what I’d be doing if I listened to a financial advisor. Fuck diversifying until you make the wealth. Getting wealth is about taking risks.

submitted by /u/Creepy-Purchase-5630
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