It's one thing to have an elaborate plans and even the means to finance such plans but it's a totally different affair knowing how to execute it. This consist of proper research and years of technical knowhow, of which many do not possess.
I came to the realisation that I know very little about the things I want to invest in and dabbling into them without a certain threshold of knowledge would be tantamount to gambling, and I am not bookie--not anymore.
So for instance, I'm doing some basic research on how to buy stock and what platform is best for me. It wasn't as straightforward as I thought and that has made me hesitant. I am still open to suggestions, but I need to know what I am doing in order to communicate plan better to my spouse.
Also, during this period I have also had to revaluate my risk tolerance and exposure. It is not my plan to blow my money chasing the shiny things in the market, and I am humble enough to know that I do have skillset to be adventurous, so I am sticking to the things I know for now i.e bitcoin and hive, while I increase my knowledge.
My goal is to have one bitcoin. That's such an expensive target considering that it sits above a $100,000 currently. To think I saw this coin at $9,000 gives me sleepless night, but it is never too late to start. I got a Trezor hardware wallet to hold my Bitcoin because self custody is very important to me. Hopefully, in the next 5-10 years my dream of owning 1 bitcoin became a reality (could be faster if the market crashes).
Crypto isn't the safest place to invest, and I am not looking to put so much money into the space (bitcoin is the only exception). Investing in real estate is my preferred option. It is the safest option for me. The major bottleneck happens to be the the huge capital requirement, but I have come across more flexible investment options, but I need to know enough to back my convictions.
Being intentional about my finances has opened my eyes to my limitations. All my supposed great plans seem questionable. A few months ago I would have argue that I know how to flip €1000 into €10000 in a few months, but all that is honest gambling. This is goes to show that having money and great ideas isn't enough. So be very weary of people who are so confident in their ability to invest. It might just be coming from a place of ignorance.
