You only have to get rich once:
"If you’ve worked hard or just got lucky and now find yourself in the top 1%, stop trying to hit home runs, you’ve already won. You only have to get rich once.
If you took outsized risk, your probably made a lot of money. But markets won’t always be really, really easy.
Why is it so hard to hold on to the money we made? Because hitting a home run on an investment is euphoric. And beyond the dopamine rush, it strokes your ego, making you feel smart. Those good feelings cloud your judgement.
Financial returns are a seductive feedback mechanism. When something you invest in goes up by a lot, you feel like a genius, and you want to experience that rush again.
And because your last bet was correct, you grow more confident, so you decide to double down on another trade. Maybe that investment works out as well, so you repeat the process again. Positive reinforcement in the form of financial compensation is one hell of a drug.
Going from $200k to $2 million can legitimately change your life. Going from $2 million to $4 million would be nice, but the marginal benefit pales in comparison to the costs of losing, say, $1.5 million on a trade gone wrong.
Investment decisions shouldn’t just be viewed as “numbers on a screen.” The risk-reward dynamic changes rapidly as the value of your portfolio increases, and you should consider what those dollars represent in your life: A home, a car, an earlier retirement, more trips with your kids, or the ability to sleep well at night knowing that you have a lucrative nest egg.
At some point, we all have a number where the risk no longer makes sense. If you’re already rich, and you keep swinging anyway, you might suffer a loss that, decades years later, you still haven’t fully recovered.
You only have to get rich once." - Jack Raines
Trump wants lower rates at all cost, he doesnt care if we see a recession as result. Taking this into account and several key indicators it tells me that we are going to see a recession and massive crash in the stock market and other risk assets within the next 90 days
Aging is a disease.
This 63-year-old billionaire spent 30+ years proving it.
He invests $4,000,000 per year to discover the most evidence-based longevity blueprint anyone can follow to reverse aging and live to 200+ years for FREE: 🧵
The deadliest killer isn’t cancer or heart disease.
It’s chronic stress.
It's the reason why you're depressed, anxious, and your nervous system is in chaos.
Here’s the shocking truth about stress—and exactly how to break free (for good):
I asked my mentor:
“ How do I reach a caliber where women desires me and men admirers me? ”
He replied:
- Be Decisive
- Have Discipline
- Limit Your Availability
- Choose the Right Sacrifices
- Take Control of Your Mornings
I again asked “ How?”
He replied:
Huge respect to the teams at MEXC, Binance, Bitget, and all the other exchanges stepping up to show their support! 💪👏
@WazirXIndia did you learn something? or you know only blame game
Testosterone is what keeps men alive.
But in the last 50 years, levels have dropped by 30-50%…
That’s why I found 8 foods proven by science to boost it naturally: 🧵
1. Ginger
✅ Binance got hacked but no loss for users
✅ Polonix got hacked but no loss for users
✅ BingX got hacked but no loss for users
✅ User lost 3 bitcoin due to @CoinDCX mistake but no loss for user, they gave from their profit.
✅ Bybit got hacked but no loss for users, withdrawal processed within 30 minutes.
❌ Wazirx - only blame game, it’s been more than 7 months so far no any clear cut update.
And meanwhile we are stuck with @WazirXIndia .
Were the assets really backed 1-1 at the first place?
Why 1 hack shattered the company?
Why transferring losses to users?
Is there an alterior motive behind this whole wazirx debacle that benefits @NischalShetty ?
@skmeka Take action today. So that you can 100% get money in 2025
Don’t be stuck in restructuring. Vauld users are suffering bcz of restructuring.
FTX users are repaid 120% because it is NOT in restructuring.
If a bank were to be hacked for $1.4 billion:
- Freeze withdrawals
- Inform government
- Set up an inquiry commission
- years of investigation
- Customers standing in queue
- Branches closed
- Competitors getting an advantage
Bybit exchange hacked $1.4 billion.
- CEO came live
- Industry united
- Competitors lend support
- 1 hr and everything back to normal
- Industry itself is tracking and freezing
- Zero withdrawal pending
This is what they don't like about crypto -> UNITY.
He is the king of passive investing:
John Bogle.
At 47, he created more millionaires than Wall Street ever did.
I studied him for tens of hours.
Here’s 10 investing principles I learned from Bogle on building wealth: