You Are The Best Financial Adviser When You Are Broke

Met someone and she asked me what’s the most amount of money I have made in crypto, I told her and she was full of lots of financial advises to give me on how I should have invested my money. I asked why she hasn’t invested in all these she is telling me, she said she didn’t have money, I asked why she never took any loan, she said she didn’t want to take a loan, but she told me that if she ever get her hands on a large sum of money, she is going to spend it all on buying new hairs and stuff she planned on buying before investing. I laughed and told her that is the reality.

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Money comes with emotions and irrational thoughts, that’s why being broke comes with mental clarity and rational thoughts. When you have a sudden huge amount of money, you want to satisfy your wishes first, that’s why you see people buy expensive cars, expensive jewelries, go on expensive vacations, and live an expensive life because that is something they have been wishing for for a long time.

One once advised that when you are broke, that should be the best time to have investment strategy and write them down. At this point you have clarity and can easily think of the best ways to invest and make good financial decisions, so that when you have enough money, you can go to your investment plans look at them and start executing them.