It seems like soon as we all get interested in the bubbles they burst? Are they design this way? Bitcoin has shoot up 762% in less than one year. Only if we could have put a few thousand dollars in that last year we would be all sitting “high”. But, then agin there is the bad news of individuals wallets being hacked. Is it to late to jump on the train? could Bitcoin surpass 100,000 in the future.
In my opinion the concept of block chain technology and trading cryptocurreny is a great idea. But, I am not sure if I would want to put 20,000 in to buy one and sit and watch it drop to a 1,000. It’s more of a risky investment than a medium of exchange. I will post more blogs in the future about bitcoin and its growing popularity. It could have a lot more room to grow with the introduction of option trading and RIA.
But, What is this blog about again? Its about self-empowerment. What can we do to make wealth for the future generations. Should we not buy Bitcoin and pick up Amazon shares? BTW, Amazon shares have been on the run up in the past 12 months. With the interest rates going up should we run out and buy a home. Depending on where you live a house is min. 300,000 with a 20 percent down payment. Its hard to fork that bill when you make 50K a year. Plus, don’t forget you have to go to college or payback Salle Mae.
How do we navigate the financial system without getting burned. Where do we put our hard earned money? We must get educated and try to start our own business and issues shares to pass on to our children. This site is about finding ways to create your own wealth by partnering with other working professionals. I want to write a blog about divide and conquer. You always hear people mention that phrase but its used more than we think.