What kind of "money" enemy are you fighting?
Some days back I talked about a man from Twitter who was up $85M in profit from trading and never took profit until he lost all the money.
So I decided to follow his story.
This tweet went so viral that many people had to see who was crazy enough to do something so insane. Apparently, I did too. I looked into this guy, and there was not much information about his personal life.
I wanted to see if there was any information about his private life on Twitter because I wanted to know how wealthy he was to be able to do such incredible things, but there was none. I also wanted to know if he had a gambling problem, because that could explain a lot of things.
He posted a tweet yesterday claiming to be financially free.
But is this justification enough?
Apparently, many people had taken it upon themselves to mock him for losing such a large profit, and he probably needed to respond for a variety of reasons, including damage control, justifying his risky trading style, and possibly throwing back a few jabs at those who were mocking him.
Different enemies
He did not just end his tweet by saying he was financially free; he went on to talk about fighting a different "money enemy." Apparently, many people will kill for $1 million; in fact, 98% of the world's population (if not more) will do so.
However, we seriously underestimate one important fact in life: money must be grown in order to multiply.
I am not sure what that guy's previous source of income was or if he made his money as a genius trader, but one thing is clear: people are fighting different money battles.
Obsession VS Real struggle
There are people who are obsessed with turning their $995 million into $1 billion, and if you think Kanye Wests are the only ones like this, you are mistaken. People on this wavelength are already financially independent, but they are still striving to make more money; why?
Because it is simply an obsession with making round figures even rounder. Perhaps they no longer want to be referred to as millionaires in dollars; instead, they want the title of billionaires, and while this may seem absurd to you, you must understand that your vanity is not the same as another's.
Vanity
Also, while you may believe that this obsession is vain, you will be surprised to learn that most wealthy people only pursue meaningless milestones.
Playing catch-up
There are people who just want their 1k$ to be $20k; they are grinding and struggling, putting in the work, and still feel like failures; they see $200k as a dream; a financial position to rest and retire, and every day they see those with $300k hustling to make that figure $1M.
For every financial mentality you have, there's a knowledge that comes with it. Most of the financial lessons we have learned have come from some of life's most painful experiences, so we can not even consider gambling because it is like kicking your support system or sacrificing your current position in order to advance.
The knowledge and the technical savviness that comes with money is from a place of discipline and having limited resources.
This means that common sense is not just common; it is a type of sense that you develop through experiential learning. Some of the people we consider fools may have been previously wise, even wiser than we are, but life may have placed them in a different financial position where their gambling expenditures will have no effect on their financial standing.
However, make no mistake: people can overestimate their financial situation simply because they have recently experienced a period of relative abundance. I'm not talking about people like this, I'm talking about those who have developed a taste for gambling because they they know it might never really affect their financial position in life.
Gambling is multifaceted & Relative
Make no mistake: gambling can move you from stage 40 to stage 120. Inasmuch as you can crash hard and land on your balls, we must remember that some already wealthy people built their empires by simply gambling. When I say "gambling,"
I do not mean standing in front of a shop and betting with the property you live in; rather, I mean longing for BTC to rise in a bullish market with a spare $50,000 from your rental income. The two scenarios are not the same, despite being equally risky.
Lessons learned
Everyone in life is fighting a different financial battle, and what makes this even more unfair is that some people's gambling money, when given to others, can dramatically change their lives. This is the best justification there is.
Not everyone will have the experience of throwing money without fear of the consequences. Some people in the world are already in this financial mindset, although the parentage is quite low, and this is why common sense is more common to those who aren't already in this financial mindset.
It is a long battle, and we are on separate tracks that can never meet. These people will never be able to run our race in the same way that we cannot run theirs; they are most likely competing in different leagues with different rules and umpires.
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Once a person is financially free, the extra money above their needs becomes a game. I think they just want to see how far they can get. I think you can see this in families with "old money". They have not had to struggle, so money is more abstract, just points in a game. I have met few such people in my life. They have a sense of peace. They are usually humble and embarrassed that people value them for their money instead of who they are. They want to be known for their own achievements rather than their wealth.
Although for some, they never reach a point where they feel they have enough. I think this internal battle reflects that they don't feel that they themselves are enough. And though they may be wealthy, they will go to great lengths to make more money, even to the level of being criminal. They measure their self-worth by how much money they have.
For those of us who struggle, it is as much a game. Except we don't know the rules. And we don't know how the game is won. I think we see this play out on HIVE. Some will spend all their earnings soon after they have it. Some will stake their HIVE and HBD to increase their earnings. And there are delegation and HIVE SBI to help build up our earnings potential. Some of the struggle is due to ignorance. But we all have the ability to investigate the game to find out how to win.
I want to think we have more of these people around these days. I've not really seen people who does not want to be measured by wealth. Most wealthy people wants others to see their wealth before anything. I've not really seen that percentage of people who do not want to be measured by their wealth.
You're right that when people are financially free, the rest becomes a game. It's typical of every money whale out there. I don't think many people will experience this type of satisfaction that will eventually make their financial expeditions come without consequences.
Yes, I admit it's only a few who knows the game and how to win it. My aim was to grow my HP all these years, unfortunately I was diagnosed with complications of the genetic condition I have, and a lot has happened since then.
On the other hands, those who choose to hold are the eventual winners, especially if the Blockchain continues to wax stronger.
If I had 85m in my bank account I would be settled for 100 lifes and even more!
Anyways the more money one has, the more he wants it's the greedy nature of humans... With more money is easier to make even more
I agree, I'd probably retire my bloodline and the entire family line as well. It's crazy how that feels, but someone gambles it away. It shows we we're fighting different financial battles.
It's sad to see that they are so careless with money, but it's their privileg,e I guess. I am not financially free, so I can't understand their outlook. I would have settled for living my life carefree, but maybe he had different goals.
You've said it all. It's only a person who is financially free that can understand that outlook of life, and it doesn't seem to make sense to us because these people are functioning on different wavelengths
The truth is human want is insatiable, we can't be satisfied with any amount... If we achieve our prayer point now, we will no longer value it and start yearning for more.
Exactly. I think this is why many people are in different financial wavelength. The aim of one person is the past of another. We always want to aim for more. It's embedded in us to always want more
Yes! when we have more money, our taste changes too...
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$85 Million is going change life bro, I am just imagining that amount of money in my wallet, I will reinvest, and just allow it work for me, while I relax. But, you are right bro, people fight different money enemy.
Yes, it's a lot of money and anyone would common sense will cash-out. However this is for common sense people, some people are no longer playing to make ordinary money.
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