There are good purchases. And then there are the really bad, ugly, regretful, worst purchases that leave a close range shotgun hole in your bank account.
My objective is to get your money working for you like a well-oiled machine and to save you from financial mistakes.
Because you’ll never reach financial freedom if you take one step forward and three steps backward. That doesn’t make sense.
But millions of people are in debt over their heads—that’s not an exaggeration. And the average household with credit card debt owes a balance of $16,748. That’s thousands of dollars a year in interest. Wow!
So why do people continue to commit these financial sins?
There are two guilty parties conspiring against your net worth. And these bandits are reckless. I mean truly despicable savages.
Criminal number one is this consumerism culture pushing the desire to always want something new and never be satisfied with what you have.
This culture is so intense nowadays that people attach their identity to what they have, not who they are as an individual.
For example, they feel good the day they get the new iPhone. But then the second the next one comes out and they don’t have it, they have anxiety. So they spend all their attention and money to get the newest one.
That’s just how they react for their phone. The same attitude exists in all of their purchases. And the bank account takes a beating daily.
You won’t like to hear this, but the second criminal in the manslaughter against your bank account is yourself. That’s right, the face in the mirror who has an intense desire to please and appease your loved ones and friends.
This concept falls in the same bucket as the “keeping up with the Joneses” disease that sweeps the world.
A Volkswagen commercial makes fun of one neighbor who continues to copy the other, but this reality is too true today.
Have your coworkers, friends, or family ever indirectly influenced you to buy something to keep up with them or a new trend? I bet they have. It’s human nature nowadays.
And don’t get me started on your shopping trips with your partners in crime to the mall. You all act like shopping friends, when honestly you’re all peer pressuring each other to waste money.
Can you tell I have strong feelings about this topic? Good, that’s the point.
Using your money for freedom is a serious issue. I’m going to come guns blazing on this one to get my point across.
While I believe sending money to anything that doesn’t make you money or cover necessary expenses is a waste, some purchases are more expensive in the long run than others.
Now I’m not saying the following 5 purchases don’t hold any overall value. But from a strictly financial viewpoint, these are the top 5 worst purchases that will blow up your finances.
5 Worst Purchases For Your Money
Wait. Haven’t your parents, the media, and the government told you a home was a good investment, how you signal you’re an official adult, and the path to the American dream? They’re all wrong!
And this 38-year-old millionaire who said buying a condo was his biggest financial regret agrees with me.
Why is a home a bad investment? There are many reasons.
First, I look for investments that get at least 7% to 10% interest annually. Anything less than that isn’t worth my money or time.
I bet this will be shocking news to you: Home ownership produces a big fat 0% long-term return. When you include property taxes and interest rates, your home could produce a negative return—yikes!
I’m certainly never paying property taxes and interest rate taxes on my stocks, or buying stocks that get me a 0% return.
And when you compare a home to a soaring investment like Bitcoin, which has more than tripled in value for me (300% return in less than a year) then buying a home looks even worse.
Plus you have to pay interest on the mortgage, leaving you with less cash flow to invest in your future.
The biggest advantage to investing is getting started early and utilizing compound interest over time. But if your home sucks away that money then you can’t build toward financial freedom.
And then there’s the fact that buying a home ties you down to one location. This limits your mobility and your desire to take a higher paying job in another city because of the pain of moving out of your house.
Settling in one place makes it easy to get comfortable and become complacent with life, instead of striving for more.
The main point is buying a home is nothing more than a savings account. It’s not an investment that will consistently make you money.
Meaning you’re most likely sacrificing millions of dollars down the road because of your home purchase.
Think about that before you commit to a 30 year mortgage and $250,000 on a house as a young adult.
2. New Car
Who wouldn’t want to buy a brand new $30,000 car with a sleek design, flashy wheels, exquisite interior, and new car smell? I know I would.
But buying a new car is like buying a stock on its worst trading day of the year. Because a new car value drops 11% the second you drive this shiny toy off the lot.
That 11% loss is nothing to take lightly. Then when you add the interest rate to the car loan, things only get worse.
Pretty soon you have a new car but no money for gas to drive it—that’s a joke but there’s some truth in it. New cars are sweet until you realize they’re a black hole for your money.
Don’t make the mistake of valuing what you drive ahead of your financial freedom and future. All cars become worthless eventually—where assets keep producing.
I recommend you follow Financial Samurai’s the 1/10th rule for car buying—which states that you spend no more than 10% of your gross annual income on the purchase price of the car.
Following this rule means to buy a $15,000 car you’d need to make a $150,000 income this year. Although it’s controversial (864 comments arguing back and forth on the article) I’m with Financial Samurai and his frugality.
Would you rather look sweet in your whip and be a slave to your bills, or go from point A to B in a used car with complete freedom? If it’s freedom you seek, a brand new car only gets in your way.
3. Boat / Motorcycle / RV / Plane
Buying a boat, motorcycle, RV, small plane, etc., is undoubtedly the wrong move to make as a young adult in your 20s.
Save that for later when you’re financially free and have more money to throw around.
Why should you wait to enjoy the pleasures of these vehicles? It all goes back to the power of compound interest. Any money you put into an expensive purchase like one of these is money that should be used to multiply your net worth.
And if you really have an urge, remember you can rent a boat, motorcycle, or RV for a week. It’s always cheaper to rent these vehicles than own!
This is the worst purchase on this entire list because all of them are unnecessary. The others are somewhat excusable because you need to have a roof over your head, to commute to work, to get dressed, and to not walk barefoot.
Sorry, I’m not sorry about killing your fun because I’m trying to save your money and freedom.
4. Expensive Clothes
Look, I get it. Fashion is trendy, it’s cool, and it inspires confidence.
Plus my sister, A Style Breeze, is a fashion blogger who loves dressing up and I sense the passion each time she talks about it. (Her and I even did a video together titled Look Good, Feel Good that explains the importance of looking good and its social benefits.)
But there’s a difference between looking presentable and balling out at the mall like you’re on a mission to spend as much money as possible. Surprisingly people act like that.
For example, there’s a cult following for these Supreme hoodies that cost around $150.
It’s not the most expensive thing in the world, but it’s just a sweatshirt that says the word “Supreme” on the front. And my frugal head doesn’t understand why people spend $150 to buy one.
Because the math and the money doesn’t make sense when you could invest $150 at a 10% return and reach:
- $389, 10 years later
- $1,009, 20 years later
- $2,617, 30 years later
- $6,788, 40 years later
- $17,608, 50 years later
You might laugh that I extended this out to 50 years later. But wouldn’t you rather retire at 70 with $17,608 of cold hard cash or have bought a hoodie 50 years earlier and have no idea where it is?
By learning about Warren Buffett’s mindset towards money and writing my own money book, I’ve learned you have to think this way about your money if you want to be wealthy.
The point is don’t try to dress like Kanye unless you have Kanye money. And even he needs help with his finances apparently:
A few quick tips to save money on clothes are to:
- Ask for clothes (and pick them out in advance) for your birthday and Christmas presents
- Borrow roommates’, friends’, or siblings’ clothes
- Get steals at Goodwill, Plato’s Closet, or other thrift stores
- Buy versatile tops and bottoms you can wear with anything
- Purchase based on need and appearance over name brands
5. High-End Shoes
Since they get worn down and lose value with each step, shoes offer weak long-term durability and that’s why they’re a worse purchase than clothes.
You can at least resell clothes and sometimes get 50% of the purchase price. But it’s extremely difficult to recover money from selling used shoes.
It’s best to think of your shoes like you would your car, just a resource to get you from point A to B.
Although the shoes are gorgeous, I’d never buy Yeezy’s ($1,000+) or Lonzo Ball’s new ZO2s ($495 retail) unless I checked my account and saw 8 figures looking back at me.
And wise girls would hold off on the high-end designer heels to find knockoffs that look similar but cost $30 instead of $300.
If you put your money into high-end shoes, be comfortable putting your money in dirt, rain, mud, and snow because those are the elements damaging your shoe purchase.
Where Are Good Places To Put Your Money?
I don’t want to write an article bashing places you put your money and then not give you any solutions.
Negativity and problem-finding is lame. Positivity and problem-solving is the game.
Here’s where to put your money if you want to financially get ahead in the game of life:
- Invest in yourself to develop your skills or education (includes coaching, online courses, and travel)
- Return is unlimited
- Buy shares of the S&P 500 Index Fund
- On average, you’ll receive 7% to 10% return year after year
- Start a money-making business
- Return is unlimited
- Purchase a rental property
- Return depends on purchase price and how many units you own
Those are four solid options right there to grow your net worth. Not a single one of them will give you 0% return on your money like homeownership.
And there are also tax incentives to putting your money in these assets. For example, capital gains from your stocks are taxed less than a W2 employee’s income, businesses are taxed less, and rental property offers many deductions to save on taxes.
The difference is all four of these investments are assets that will pay you money, where the home, car, boat, clothes, and shoes are all liabilities that will suck your money dry.
You have the information. Now the choice is yours.
Do you want short-term comfort and to feel proud in front of your family and friends that you can buy nice things? Or do you really want to commit to financial freedom and a successful future?
This answer is a foregone conclusion for me. I have all my chips in the pot, I’m all in, for financial freedom. And that’s why I’m going to get there soon.
If you want to join me, order my Amazon bestselling book Freedom Mindset. This will help make investing simple for you to understand and do yourself.
I believe in you. You can reach financial freedom!
Not everything’s about money.
If you really want a home or a motorcycle because it’s always been a dream of yours, then just because it’s not a good investment doesn’t mean you shouldn’t get it.
For cases like that, I recommend you compromise and here’s what I mean.
Say your motorcycle costs $300 a month. To make up for this fun purchase, you increase your monthly investment contribution by $300 a month. Or you save 10% more of your income each month to counteract this splurge.
That way you’re not sacrificing your future. The motorcycle cuts away at your entertainment or eating out budget, not your money for investing or saving.
However, in terms of strictly a financial perspective, none of these purchases—home, car, boat, clothes, shoes—will be bank account positive.
And all of them (maybe besides a house), whether you admit it or not, are short-term moves for instant gratification. Cashing in for the short-term is no way to build wealth.
The way to get rich is to invest in assets, be patient, and continue to pour money into those investments like gasoline to a fire.
If it helps, I’ll be right there with you on the journey to financial freedom.
How To Make $200k In 1 Year At 24 Years Old
Have dreams of making $200k? Want to do it in a certain amount of time? You’ve found the perfect article to accomplish this.
After some serious hustle, a few wise investments, and one heck of a 2017, I’m fortunate to say that I made over $200,000 last year at only 24 years old.
The rest of this blog post is going to break down how you can do it, with helpful examples of how I did it.
Now it’s very unlikely you can do it the same way I did. Because by the time you’re reading this, the opportunities will be different and your circumstances will be different.
You’ll need to do it your own way, as you should anyway if you want to feel a true sense of accomplishment.
You ready? Here we go!
How To Make $200k In A Calendar Year
Set A Goal To Make $200,000
Be prepared, we’re getting complicated right off the bat: If it’s not your goal to make six-figures two times over then it’s not going to be your reality when the year is over. Facts!
Don’t only set the goal to make this kind of money, but commit to it. Say it must happen. It has to, or else. But there’s no or else in this scenario.
That’s the mentality I had when why I wrote at the end of my note card in the video above that, “This is reality!”, and it’s how I pushed through to achieve my income goal.
No one, nothing, could have stopped me from doing everything in my power to accomplish it.
When your goal becomes more like an unbreakable bond, then you mean business while you prep yourself for the work that is about to go down.
Also, again obvious, you need to plan how you’re going to accomplish your goal. Unless you own the joint, working at McDonald’s won’t make you $200k in a calendar year. You got no shot!
It’s important you set goals, like starting your own business, that give you a chance to bring in profits that a 9 to 5 job doesn’t.
How I did it:
If you check out the video above, you’ll see my note card where I wrote my 2017 income goal.
Honestly, you’d be wise to write a similar note card. There’s power in the written word.
If you’re looking for a prompt, it goes like this:
- (Insert your name) will make $200,000 this year. To achieve it, he/she will _____ and _____. He/she will accumulate it through _____ and _____. This is reality!
What’s interesting is the target started at $100,000 and then the goal kept increasing as I hit more milestones all the way past $200,000.
This also taught me to set the bar higher going forward, because why not?
P.S. By the end of 2018, my net worth goal is $1,000,000, millionaire status.
Hustle To Make As Much Personal Income As Possible
Now it’s time to obsess over action.
The only way you’re going to make the invisible, your lack of hundreds of thousands of dollars in income, is through over the top action.
This one word can change your entire life if you take it for all it’s worth. Or a lack of action can be the reason you throw away another year to make your dreams a reality.
You should have already started your business or picked up a second job or started working 100 hours a week at your current job if you want this bad enough. That’s the only way to get it done—seriously.
Every extra hour you work is more money entering your world, and gives you more opportunities to turn that initial money into bigger profits. This is true no matter if you’re an hourly employee, salaried, or business owner who only gets paid when you sell to customers.
So go take action every single day. Because whether you reach your income goal or miss it, you’ll be in a better financial and career place thanks to your effort.
How I did it:
I could have said, “I already do enough. Let’s just be patient and slowly build my book revenue, blog advertisement fees, coaching business etc.”
But instead I took massive action by starting my digital marketing company. Though I didn’t drop anything else I committed to earlier. Instead, to make more money (and do what I love) I added this business owner role on top of everything else going on.
That’s what I mean by action. If your mission is to make $200k this year then there’s no time for movies, TV shows, and board games.
It’s all about that work, work, work.
With the extra income from my company Illumen Media, I deployed that into the next crucial step in this process: investing.
Invest 99% Of The Money You’ve Saved To Produce More Money
What do you prefer? Your money sleeping all day in a savings or checking account, so in a year you’re stuck with the same amount. Or investing your money so that it works 24/7 to return you crazy profits for the rest of your life?
The answer is crystal clear: You need to get your money working for you, through investing, if you’re going to make $200,000 in a year.
You almost have no other choice if you want to get wealthy.
However, if you skip the step before this, you’ll have no cash to invest. That’s why it’s a team effort between saving and investing.
And if you can—say you’re wisely investing in an index fund that matches the S&P 500—set up automatic investments that go straight from your checking account to your investment brokerage account. (This is possible with just about every brokerage company.)
Automatic investments ensure you pay yourself first and set your future up for financial freedom.
Or if you’re swinging for the fences, then you need to invest in cryptocurrencies, real estate, or something with quicker upside than an index fund.
How I did it:
I invested almost everything I made in cryptocurrencies and the stock market.
Take a look at the damage:
- I bought Bitcoin before 2017, but held onto it through all of 2017. It started January 1, 2017 at around $1,000 and then ended the year a little over $14,000. So I made 14 times every dollar I invested into Bitcoin. My BTC investment gets the most credit for my $200,000 income year.
- I bought Ethereum in May 2017 when it was trading at $170 for one coin and it ended 2017 at just about $775, so that right there is like 4.5 to 5 times my money.
- I bought a good chunk of Litecoin this summer when it was around just $50 in 2017, and it’s now over $200.
- Tesla and my guy Elon Musk returned over 38% in profits last year to give my portfolio a boost.
- My index funds and the S&P 500, where a good amount of my retirement nest egg is invested, returned over 18% in profits in 2017.
All those investing profits are how 80% of my 2017 fortune was made. If you’re sleeping on investing your money, your bank account doesn’t know what it’s missing.
$200k Income Wrap Up
That’s how my money came together last year.
Was I fortunate? For sure, not many people saw Bitcoin exploding for over 1,500% in that time span.
But did I hustle my face off, make the right money choices, and put myself in position to capitalize on a $200,000 year at 24 years old? You better believe it.
There’s nothing stopping you from going all out as well to see where the chips fall at the end of the year.
You just have to decide if you have it in you or if you don’t actually want financial freedom, you just enjoy talking about it.
My hope is that you join me in the arena. The world needs more people who push themselves to the limit to better their situation and the people’s around them.
You can earn $200,000 in a year. Now go do it!
Want more money advice? Watch my How To Get Rich playlist on YouTube.
This article or any of the material in it is not investment advice. Seek a duly licensed professional for investment advice.
The Definitive Guide To The 5 Hottest Cryptocurrencies Heading Into 2018
Despite naysayers saying that cryptocurrencies will bubble within the year, they continue to defy expectations by enjoying price boosts. Bitcoin, which was priced at $997.69 on January 2017, skyrocketed to $19,343 in December.
The recent publicity towards Bitcoin’s price surge has led to an increase in interest in the other cryptocurrencies as well.
Experts believe this is due to some form of trickle-down effect. Investors who become interested in Bitcoin realize that there are more digital currency investment options.
As a result, the other cryptocurrencies have also experienced price hikes in the past months, although not to the same extent as Bitcoin. Litecoin experienced a 225% price jump just this month, which led financial analysts Mitch Steves and Amit Daryanani to speculate that 2017 is just the beginning of the cryptocurrency boom.
While some experts dismiss the suggestion that cryptocurrencies may eventually replace traditional money, they also acknowledged that their prices will continue to soar in 2018.
A previous Take Your Success article even talked about how crypto coins are making their way into the Christmas stockings of investors. It’s only one of the many proofs of the increasing popularity of cryptocurrency.
Below are the top five cryptocurrencies that have positive 2018 projections from analysts across the world.
Bitcoin remains as the head of the pack when it comes to cryptocurrencies, and analysts say that its rally will not stop in 2018.
Managing director of cryptocurrency trading firm Octagon Strategy Dave Chapman estimates that Bitcoin will go beyond $100,000 before 2018 ends. The expert, who earlier predicted that the digital currency will breach $10,000 in 2017, has an overall positive outlook towards the cryptocurrency. He took the position that Bitcoin is on its way to disrupting traditional financial systems with its ability to allow the immediate transfer of value without any need for middlemen.
Nonetheless, Coinwire reported that Canadian businessman Kevin O’Leary warned investors to take care when investing in Bitcoin. While he acknowledged that Bitcoins are assets, he also said that buying them is a gamble, with investors potentially losing all the money they put into it. He advised those interested in investing in Bitcoin to understand it better first before putting their money in it.
Its high cost – currently on its way to breaching the $20,000 mark – has dissuaded all but the richest investors in purchasing or mining this digital currency. Instead, they have turned to other cryptocurrencies.
Recently, Blockchain CEO Peter Smith announced that central banks are likely to hold Bitcoin and Ether by 2018. If this pushes through, this will be the first time that digital currencies will be bought by such financial institutions. This potential development can spell good news for Ethereum, which is already enjoying a price rally in the past months. Since its inception in 2015, it has enjoyed growth by over 1,200%.
Interestingly enough, Ethereum is not actually marketed as a digital currency, but rather as a smart contract network. According to experts, it is this aspect of Ethereum that explains why Ethereum actually has a more efficient system and covers a broader scope than Bitcoin. In fact, some experts are currently exploring whether the system can be used as a supply-chain efficiency solution.
Many Fortune 500 companies support Ethereum, which gives an indication of the cryptocurrency’s status as a sound investment choice.
Bitcoin might have the highest price compared tp other cryptocurrencies in 2017, but it’s actually Litecoin – which is being marketed as the silver to Bitcoin’s gold – that experienced a more dramatic surge. Fortune reported that Litecoin rose by 7,291%, as opposed to Bitcoin’s 1,731%.
Ironically, Litecoin’s creator Charles Lee maintains that he developed the digital currency to complement and not compete with Bitcoin. Still, more investors are now shifting to Litecoin because it is easier to mine and offers faster transactions.
Unlike Bitcoin which is focused on hefty transactions, Litecoin is packaged as a platform that can manage a large volume of small transactions quickly and efficiently. A Litecoin transaction can be completed roughly within 2.5 minutes, as opposed to Bitcoin, which processes transactions at around 10 minutes. Litecoin’s lower price, compared to Bitcoin, also makes this more accessible to budding cryptocurrency investors.
IOTA recently made headlines when its price surged by over 90%. The spike happened after an announcement of its partnership with major tech firms such as Microsoft and Samsung on a marketplace that allows them to sell data.
The developers of IOTA claim that it is the first platform anchored on the Internet of Things. It stands out from other cryptocurrencies because it does not rely on the traditional blockchain network. Instead, it uses an alternative system, a ‘blockless’ digital ledger called Tangle. In theory, it has no limit for scaling, as opposed to cryptocurrencies operating on a blockchain network.
Furthermore, it does not require users to pay additional fees when making transactions. IOTA effectively created an incentive system for data sharing, all while ensuring data integrity.
Investors can enter trading with IOTA via Bitfinex.
Ripple is considered by many experts to be the spiritual successor of Bitcoin, and it has already gathered its own share of supporters. It’s even accepted today as a payment platform for digital transactions. In the first half of 2017, its price surged by almost 4,000%. At the time of writing, Ripple is currently trading at $2.40 per unit. This is far past the benchmark of $0.75 which was considered as the threshold for the cryptocurrency to gain traction.
If the positive trend becomes more consistent, Ripple might get the support of more big firms as well. Oracle Times declared that it is likely to become the cryptocurrency of choice for Amazon, as well as other Internet-based retailers. This is because of Ripple’s faster transaction times and lower costs compared to Bitcoin.
Global financial retailers are more interested in stability than investment for the sake of its customers. This is precisely the reason why they tend to lean towards cryptocurrencies with lower volatility levels.
Disclosure: The author has invested in these cryptocurrencies. Also, this article is meant for information purposes only and is not investment advice. Seek a licensed professional if you’re looking for investment advice.
Bitcoin And Cryptocurrency Investor’s Shopping List
Are you shopping for the perfect gift for the cryptocurrency investor on your Christmas list? Look no farther. This is the ultimate guide for you.
From decked out Christmas party gear to adding to a lucky someone’s investment portfolio, the person who you’re buying for will be thrilled with each and every one of these present ideas.
I know as an investor in Bitcoin and other cryptocurrencies myself, I would be pumped if I opened any one of these gifts.
Also there are presents on this list that range all across the price spectrum from thousands of dollars to a few dollars—and a free bonus gift at the end.
I made sure that individuals with any budget could find something for who they’re buying for or themselves.
Let’s get into my top 10 shopping list for cryptocurrency enthusiasts.
Cryptocurrency Investor’s Shopping List
1. A cryptocurrency itself
Almost every cryptocurrency is exploding in value right now. What better gift than to add to their portfolio by buying a specific coin (or part of a coin) for them?
You can buy it, wait until December 25th, and then send the money to them. They’ll wake up with a nice surprise and a higher net worth thanks to your generosity.
And who knows, if the price of Bitcoin and Ethereum continue to rise then you may have gifted them something that becomes worth 20 times more than what you bought it for down the road. Name another gift that can do that.
If you’re looking to buy your first cryptocurrency, head over to Coinbase and sign up there.
As much as I love the crypto world and believe in it—considering I could see one Bitcoin reaching $100,000—the major downside is the threat of losing all of your money.
The way the ledger technology works is once the cryptocurrency leaves your account, there’s no way of getting it back. Sometimes that’s fine because you’re sending money to someone or transferring to another account of yours.
But the scary part is if you get hacked, there’s essentially no way to recover the funds. You’re out of luck and in total misery.
However, the odds of your personal account being hacked go down significantly if you store your money offline in a wallet. Here’s where the Ledger Nano S helps out.
It’s a hardware wallet that allows you to store your Bitcoin, Ethereum, and other alternative coins. To use it, just hook up the device through a USB outlet to your computer and then you can send and receive cryptocurrencies.
Most people in the industry consider this one of the safest methods for securing your funds.
Assuming you already have or are going to purchase the Nano Ledger S, that doesn’t protect you from losing this device in a home break-in or a fire. So what’s the solution? A fire-proof safety deposit box.
The safe box I linked to is 10 pounds of steel, fire proof, and gun proof. Talk about a beast! Plus it’s small enough to carry and not a gigantic box where you need to recruit a small army to move it.
Put your Nano Ledger S in that box and sleep safer at night.
P.S. This gift is only needed if you’re protecting more than a few thousands of dollars worth of cryptocurrency. For example, if the safe costs more than or close to the amount of money you have invested, you’re getting ahead of yourself and you should hold off on buying the safe.
4. Collector’s item Bitcoin
While a real Bitcoin will currently cost you nearly $20,000—a year of college or a new car—I personally think it’d be cool to receive a physical Bitcoin with no money attached to it, just to have.
Seeing this physical coin on my desk would inspire me to make more money, save more money, and invest more into Bitcoin because I’m very bullish on it going forward. I’m a big believer in the power of symbols.
Obviously there’s not any money attached to it, like there can be with legitimate physical Bitcoins, but it’s still fun as long as you don’t try to sell it for $20,000 only to get arrested for fraud.
And this physical coin on your desk would serve as a nice reminder to hold onto that investment and don’t sell. Hodl!
5. The Internet of Money book
The author, Andreas M. Antonopoulos, is one of the world’s thought leaders on Bitcoin and the cryptocurrency space. But he’s not in it to confuse the average investor with fancy jargon only a miner would understand.
He breaks down the complex ideas behind the blockchain into digestible bites of information for the reader to consume and pass along to others.
If I remember correctly, I believe in one of his speeches that Antonopoulos said he put his entire net worth into Bitcoin (but I may be wrong).
Anyway, the author is a genius and you’ll inch closer to becoming an expert in this space by getting your knowledge on through reading this book.
6. Digital Gold book
Buying for someone who wants to know where Bitcoin originated and how it’s trying to be the financial currency for the Internet age? Author Nathaniel Popper tells the story of Bitcoin and the people who are trying to reinvent the way the world thinks of and uses currency.
It’s a fascinating read that’s full of useful information for anyone who is remotely interested in this subject. Plus the insight from Bitcoin millionaires is fantastic.
You can’t go wrong with Digital Gold!
And if the person you’re buying for isn’t a reader, then buy them the audiobook. It’s just as good.
7. Bitcoin socks
Bitcoin socks are what the person you’re shopping for needs to spice up their outfit. Their shirt, pants, and shoe combination can be boring, but your socks are where you show you have a personality.
Seriously, these black Bitcoin socks would go together with a black pants and black shoe combination while spicing up your vibe in a good way.
And I’m betting the person who wears these socks will get compliments left and right. So, maybe your gift is the reason a stranger strikes up a conversation and becomes their best friend or significant other. You never know.
8. Cryptocurrency t-shirt swag
People who want others to know they’re fashionable wear Supreme. But my kind of people who want others to know they’ve invested in Bitcoin and are holding until it hits the moon wear cryptocurrency swag.
There are beautiful shirts reading “I accept Bitcoin”, “HODL”, and “You had me at blockchain”.
You can find a t-shirt for just about any cryptocurrency that’s your favorite like Bitcoin, Ethereum, Litecoin, Ripple, Iota, etc, and then there’s individual shirts that apply more to investors or miners.
The point being is Amazon has the cryptocurrency swag for the person you’re shopping for, no doubt about it.
Ugly Christmas sweaters are now a necessity to any wardrobe with these types of parties becoming a mainstream theme for almost any work, neighborhood, or extracurricular event around this time of year.
This sweater is also the perfect conversation starter that will get people talking about the blockchain, investing, and the future. If you’re buying for yourself or a friend and want some conversational assistance at a party, this is for you.
Get yours today because we all know that Bitcoin is way hotter right now than Santa ever was.
Thank God for giving us humans coffee. It’s my everything in the morning.
But why have a boring coffee mug if you can have a Bitcoin-themed one? This mug says “KEEP CALM AND HODL” which is perfect for Bitcoin investors.
Again, I believe visual symbols are important. So if you can start your work day or weekend with a warm cup of coffee that reminds you to hold onto your investment and don’t sell it, odds are you’re going to be far richer in the future.
There are also other cryptocurrency-themed mugs, so take a look and treat your friend or yourself to one.
*11. Bonus gift
For everyone who has invested in Bitcoin and has once considering selling, give them or yourself the gift of visiting this website: shouldisellmybitcoins.com.
This amazing page always has a new GIF tells the answer we all need to hear. Brilliant!
Disclosure: The author does own Bitcoin and other cryptocurrencies in his portfolio. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.