The author reflects on their recent experience with money management after parting ways with financial advisors. They recount a risky financial decision to buy Ethereum influenced by a tweet from Donald Trump Jr., leading them to realize the difference between investing and gambling. The article emphasizes that while gambling on investments can seem enticing, true wealth requires a disciplined approach and sacrifice. The piece warns against the misconception that one can easily get rich without adhering to foundational financial principles.
Getting rich is simple, not easy. It's a sacrifice. Give up something TODAY, and you'll have more TOMORROW.
Gambling on money isn't new, but lately, it feels like more people believe the fundamentals don't apply anymore.
This little experiment made me reflect on my relationship with money. I wasn't investing. I was GAMBLING.
It's hard to win at a professional level if you're playing like a hobbyist.
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