Becoming part of the solution

Life unfurls as a mosaic of emotions, adventures, and lessons. The more varied our experiences, the richer our understanding of the world becomes. Travel, relationships, career changes, cultural exploration – each encounter adds a unique thread to the tapestry of our existence. Therefore, when we are young and brimming with vitality, it’s natural to prioritize experiencing life’s vibrancy over setting aside substantial funds for unforeseen circumstances.

The human experience is also a perpetual journey of decision-making. Amidst the thousands of choices we make each day, there are moments that demand pivotal decisions. The greater the pool of choices available, the higher the probability of selecting a favourable one. These choices are influenced by the lessons we’ve gathered along the way, encompassing  education, travel, work encounters, relationships, and more. Crucially, money cannot directly buy happiness, yet it notably broadens the spectrum of choices available to us when significant decisions necessitate resolution.

While living in the moment is paramount, adopting a mindful approach to financial planning ensures a well-rounded life trajectory. As we transition from youthful exuberance to a more settled phase, the concept of saving and investment becomes more pertinent. It is never too early to start however, marking a threshold where the future begins to merge with the present.

Enter the principle of diversification – a strategy that operates on the philosophy of not putting all your eggs in one basket. Diversification encompasses the distribution of investments among various asset classes, industries, and geographic regions. These may include real estate, stocks, precious metals, collectibles, and more. Keep in consideration that the rarer / scarcer something is, the more likely it is to retain its value. This approach hedges against the risks associated with any particular market’s fluctuations. In essence, diversification acts as a protective shield, guarding our financial portfolio from the volatility of any single investment avenue.

A promising prospect potentially awaits the younger generation—a distinctive avenue that allows the initiation of investment strategies with even small amounts of capital. This avenue is none other than the digital asset of Bitcoin. The cardinal rule of investing remains rooted in comprehending the investment itself, rather than relying on others’ advice. Hence, I propose dedicating time to delve into the history of money and grasp the essence of Bitcoin for 20 hours across the next 20 days. The internet, particularly platforms like YouTube, offers an excellent platform for this endeavour. To kick-start this learning journey, you can begin by searching for content featuring Michael Saylor. Following this period of exploration, you will be aptly equipped to render an informed judgment on whether Bitcoin aligns with your life philosophies and investment aspirations.

Written by Stephen Griffin and Chat GPT