Wealth and Time: 10 Maxims on the Path to Abundance

Among the many forms of wealth, there is a hidden golden thread that runs through them: time. If used properly, it will continuously appreciate and generate compound interest. In the field of cryptocurrency, extra caution is needed to avoid losses, a point we will discuss at the end of the article.

The following ten suggestions are based on personal experience and are reliable.

1. Invest in hard assets early

Hard assets possess characteristics of scarcity, high demand, and difficulty in replication. They cannot be diluted or arbitrarily issued. For example, gold and Bitcoin fall into this category. Regularly investing idle funds into hard assets may yield unexpected returns.

This also includes investing in index funds like the S&P 500 or properties in prime locations. Be patient and let time work its magic; after 5, 10, or 20 years, you will be pleasantly surprised by the results of your investments.

If you never invest in hard assets, it is almost impossible to truly accumulate wealth. Even if you only invest $1000 now, it could lead to significant changes in the long run. Stop procrastinating, make a plan, and take action as soon as possible.

2. Engage in a career with growth potential

Examine your existing skills and interests, and imagine that 100,000 people can access your work. Even if only 1% of them recognize your value, that means you have 1,000 potential clients, fans, or supporters.

Be brave to try new things. If you don't take the first step, you will never know what the outcome is, and it often brings surprises. Although it takes time to accumulate, one day you will have a breakthrough.

Even if you have no foundation at the beginning, as long as you persist and work hard every day with full commitment, people will eventually see your value. Once you earn your first income through online means or entrepreneurship, the door to success will open for you.

3. The real self determines your wealth limit

Your current level of wealth reflects your level of personal development. This is why people who suddenly win a large sum of money often squander it quickly, as their personal qualities do not meet the requirements to manage this wealth.

Be proactive in investing in yourself, because no one will do it for you. Nowadays, knowledge is at your fingertips; as long as you can access the internet, you can learn in any field. Artificial intelligence can even become your personal tutor, provided you are willing to invest the time.

Improve your skills through practice. Even if your abilities are limited now, continuous practice will eventually lead to progress. Take action first, and time will witness your transformation.

4. Moderately Overestimating One's Value

It is important to maintain a positive self-assessment. Evaluating your worth slightly higher than your current level can motivate you to keep improving.

Even if your current achievements are mediocre, you must firmly believe that you deserve more and will eventually make a difference. This change in mindset could have a significant impact on your future.

Your actions today will shape the person you become tomorrow.

5. Money is not everything

Although you can buy gold or Bitcoin, you cannot buy a real home or a sense of belonging with money. These intangible treasures cannot be measured by money and cannot be sold anywhere.

While pursuing material wealth, don't forget the things that truly matter.

Neglecting to build a family or cultivate meaningful relationships may come at a high cost in the future, such as depression, midlife crisis, or identity crisis. This is just as important as holding cryptocurrency.

If no one shares, material wealth often has no meaning. What people cherish are various experiences, and more wealth happens to allow people to have more experiences. However, some of the most profound experiences are actually almost free.

6. Courage to Face Challenges

If you feel fear about something, it might just be a signal that you should try it. Fear often hinders us from engaging with new things. However, to enhance personal development, it is essential to engage with new experiences.

These experiences may be painful, pleasant, or mundane. If you don’t label them and simply view them as new experiences for personal growth, you can move on to the next stage more quickly.

As you continue to go through this cycle, success and failure will alternate. The key is: if you invest your extra energy into hard assets, each time you fall you will start from a higher point, and the climb will be faster. Success will also come more quickly, and the rewards will be greater.

7. Learn to Reposition Yourself

Some people live in the same place their whole lives, never changing their environment. While this situation can be nice, be careful that your environment does not limit your personal growth.

If you have the positive mindset mentioned earlier, you will be keenly aware of this. As you continue to grow as an individual, the factors that bind you will naturally reveal themselves. At this point, you must make a choice, and this decision may trigger feelings of fear.

Is it a breakthrough or a retreat? This might be the key moment on your path to wealth.

8. Avoid Traps That Decrease Wealth

In the world of cryptocurrency, altcoins are a typical trap. The entire industry has only one true hard asset, yet is filled with countless traps. Every time you buy altcoins, it means losing the opportunity to buy mainstream coins.

This seemingly simple decision could cost you a huge price for your wealth in the next 5 to 10 years. The same logic applies to other consumption decisions; any consumption comes at the expense of investment opportunities.

Please view consumption and investment rationally, and be wary of lifestyle inflation. If income is not being used for investment, this issue should be corrected immediately.

When you have accumulated a certain amount of wealth, you should learn to be low-key and not show off. Because this may attract ill-intentioned people, including some relatives and friends who want to pitch "investment" projects to you.

9. Persist in Holding Hard Assets

A major taboo in cryptocurrency investment is swapping mainstream coins for altcoins. In the long run, this practice often leads to significant losses. Although altcoins may perform well in the short term, they have never truly outperformed mainstream coins over a span of several years.

Another issue with selling hard assets is that it is difficult to find better investment options. Even if you exchange mainstream coins for gold, you still hold a hard asset, just with different risk-return characteristics.

No matter what decision you make, ensure that you are not exchanging hard assets for inferior assets. If you must do so, be sure to keep the risks to a minimum, ideally not exceeding 5% of your total wealth. The returns for taking such risks must be asymmetric and should enable you to purchase more hard assets in the future.

To accumulate and preserve wealth, one must hold onto hard assets and not easily part with them.

10. Be cautious of others coveting after success

Any success will attract criminals, and this is especially true in the crypto space. Once you achieve a certain level of notoriety, you are likely to become a target for attacks.

Even if you are not a public figure, you may become a target of attacks due to data leaks from various platforms. Scammers may impersonate customer service and ask for your private key or recovery phrase. Remember: never disclose this information, even if requested by law enforcement.

Once you achieve success, admirers will come flocking. You need to protect your wealth at all costs and avoid flaunting it, as that will only make you a bigger target.