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You have two options:
The slow or fast way.
Depending on your lifestyle, this method could allow you to be financially free in your 40–50’s.
For those of you involved in the crypto space, you have most likely heard people talking about “Celsius” and how it is affecting the whole market. In this first crypto classrom series we will look at what Celsius is, explain what is happening, and discuss the potential fallout from this situation.
A Stablecoin is a cryptocurrency with a fixed-price by means of being pegged to other assets like fiat currencies, gold, precious metals and other cryptocurrencies. They have plenty of use cases including ,but not limited to, being used as a non volatile store of value to investors, earning interest on, transferring between exchanges, and lending.
The United States slipped into a minor recession right after 9/11, so the government used its control over how much money is circulating to make it cheaper to borrow money. Because interest rates were low, people borrowed a lot of money and used much of it to buy houses. While this was happening, home prices were increasing year after year, and everyone assumed this would continue forever.
Below I will explain how the NFTs on altcoin platforms work on a technical level and I will explain why they probably wont even exist in 10 years. I will also explain why some of these NFTs are selling for such high prices.
Many of those NFTs that were sold for crazy high prices were not actually sold to other people. The person who bought those expensive NFTs is often the same person who minted the NFT in the first place. I will explain how whales can easily own very expensive rare NFTs for very little cost. They can just mint an NFT and sell it to them self for $500,000 worth of etһ. They will only lose the small percentage that the NFT marketplace takes and now they own a super rare NFT worth $500k and they will still have most of their etһ because they sold the NFT to them self. And there is a small chance that they might be able to to sell that worthless NFT to some fool who believes that it is actually valuable. Doing this also entices more newbies to mint NFTs in the hopes of getting rich.
Good debt: you buy a house. You now own the bank $300,000 and after your loan term you end up paying the bank $400,000 after interest. It took 30 years to pay that debt but since houses went up in price your initial $400k spent is now worth $500k.
Bad debt: you see this nice new TV at best buy. It costs $3k, but its top of the line. Now, you don’t have $3k to drop on a TV, so you put it on the credit card. It takes you ~3 years to pay it off @ 20% interest. In the end you will pay about $4k for the TV, and in 3 years time that TV will most likely be worth 1/10 of what was paid.
I’m a big Hollywood studio and I want to make a movie called Big Movie. It’s expected to break box-office records.
The first thing I do is create a holding company called Big Movie Holdings, Inc. While it was started by me, it is actually a completely independent company. I will do a deal with this company: it gets the rights to produce, market and hold the movie rights to Big Movie on one condition: it hires me to do the marketing and distribution.
