How My Life Changed After Becoming a Crypto Millionaire
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- čas přidán 4. 08. 2024
- In this video I wanted to share what changed in my life after becoming a crypto millionaire. This is what I wish I knew before becoming rich.
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Definitely have the same mentality as you. Most people after they get rich, they go out and buy a Lambo and a big mansion. Now don't get me wrong, I love supercars as much as the next person and luxury items but I just think of them now as a bad investment. If I wanted to have the experience of those things, you can go rent a supercar from an exotic rental company or AirBnB a mansion. That way you are not stuck with the long term costs of owning those items.
I am a bit in awe, Tom. I have never had much money, for which I am really quite grateful. Having said that, I have just about enough to pay the bills and birthday presents and replacements for things that have worn out or stopped working as long as it doesn’t happen all at once. I get a lot of joy from what I do have. If I had a lot of money, I would give most of it to my family, but I’m not sure that that would be best for them. It’s interesting that you choose to make more and more money and in a way it feels like you are content with your life as it is, which is good.
one good thing though that I forgot to mention, is that I no longer care about money as far as the channel is concerned. I focus more on just being myself. Its very liberating.
@@TomScryleus That’s good to hear, Tom 😊
This was perfectly said… I really loved hearing this story and Would love to hear more because I can tell you have a passion
Thanks. Are you into crypto yourself?
Great content.....exactly what I was looking for.......actually becoming a millionaire can be scary.......so this is what I needed......thanks bud!
I have exposure to one crypto that's based on utility, the company behind it are ultra connected. I'm hoping it does what I think it will in terms of adoption, so I can stake / AMM and gain a large yield from it passively.
I've juggled the thought around actually having money on that scale and realised that it's a very different game. The aim is sustainable wealth just so I can be free from having to trade my life for a barely liveable allowance from daddy corporate.
You should be investing in real estate too. It's greatest asset that always increases in value both in property and rent. It also allows you to make money through debt with applying loans for other property using your first home as collateral even if you got no money. Due to inflation you pay back loan with less cost as it's fixed amount that didn't change with inflation, and paying back a loan is cheaper than paying rent.. especially if you have someone doing that for you though renting to someone else.. you can get loan buy a house sell it in a year massive profit. And keep Daisy chaining that . You also get tax breaks with multiple properties claiming tax write offs
Thank you for being authentic.
I respect your honesty about continuing to work each day and looking at money correctly.
Wall Street is a great movie 🎥
Thank you for the nice comment :)
Have a great weekend
@@TomScryleus you’re welcome sir. You have a great weekend too.
I have some questions, that never get an answer, How does staking work? what are the risks, can you loose all you crypto? And the last one, IF, I become amillionaire cuz of crypto, what are the legal steps to take, accountant? than what...love to get an answer on that, this is for you Tom
There is no risk in staking as far as im concerned. The coins are in your possession when you are staking. Staking' Its basically called proof of stake. Meaning your coins will validate other peoples transactions, and you get the gas fee. Say you hold cardano and stake it from your wallet, and i transfer cardano from exchange to my wallet. Your coins validate that transfer. Its the gas fee i pay to transfer. Its a very riskfree and simple passive income. Its totallt legal, you only need to make sure to pay your taxes for every sold coin. Meaning you tax on every sale where you do a profit. So if you earn 10 cardano you owe the irs 30procent or similar depending on where you live. Just like with stock. Hopes this helped.
I’m ready for those videos and I would love to hear your top 10
I will make a top 10 video. but im considering making a channel about crypto.
@@TomScryleus do that!!
Really humble guy 😅 nice work
hehe.. I know right.. :)
Ps. have a great 2023
I am so amazed how people think that once you make couple of millions you have to live in a huge house and drive expensive cars. I even was told that i am still working and saying crypto has blessed me, i must be lying. Funny how many people still have this old way of thinking of materialistic views and being good financially.
Tom you'd better sell all not later than a month from now (upload date of video) cause otherwise you have to wait another 4 years to be a millionaire 😅
Aww man you didn’t go into detail 😂
grym kanal!
A million dollars or more,would never be feasible,for any person,who plays by societal rules.
Which are clearly
earn more/to spend more
earn more/to invest more
earn more/to make yourself miserable 😩 and anxious,over obsessing about earning more
humans 🤔🤔🤷♀️🤷♀️.
hmm
@@TomScryleus
We earn money,just to earn more money just to earn more money
to continuously buy, a whole lot of crap,we don’t necessarily need.
we buy things to impress others,and puff ourselves up with pride.
what I call prideful gain
instead of just using the money,for sustainable living/minimalistic living.
this is what I meant.
Yepp.
Difficult to break that behavior for some reason.
@@TomScryleus
You got it.
👍👍
@@sariahlace5944 well when i get rich i shall use it to uplift gods people. it will be fun and spiritualy fulfilling serving others with my richness and bringing joy to those without joy. i shall be a philanthropist for god! sure i will get me some nice things but at the end of the day , helping others in any way will be my ultimate purpose.