Diversify Your Financial Portfolio For Crisis-Free Life
Having the mind to set a proper evaluation over a certain decisions of our life is what makes all the difference between having a successful or failed financial career. It is a very true fact of our real life that,for each of us being able to solve all the problems, gaining the services, setting up a #plan for pursuing higher education and raising the extent of a business career, its in all of the cases where we need money, the visual currencies and cash-capital to solve one by one and there is no real alternative to being so.
What I believe is that, if you are going to see a dynamic life, with opportunities to enjoy in your country and in your neighbourhood community then you must have to have a proper stock of wealth, a solid income stream upon which you can very easily rely on and have your loads of #expenses get going. For achieving that, selecting a good financial plan is mandatory and at least it looks to me no developed life is made and improved without the help of a proper supply of the cashes you need everyday in your life.
Source
I have had one of my serious experience of money supply problem where things were pretty stuffed as to fill the debts created from a mortgage where I took a loan of $500 dollar out of putting the valuable wristwatch that I had which I owned as a gift from my near relative. The need of it was to have a slot of #cash to use for providing the extra course (inacademic certification plan) which was for me - an important one to have a wider chance of gaining an opportunity for being an expert in the realm of my career.
But, I had a wholesale reliability on a single stream and therefore it was not a wise and pragmatic option to choose because the thing turned out that if I see a negative response for the person who could return back the money I lended to him,then things would be pretty hard for me to fill up the mortgage loan and secure the watch back again. Experience makes an individual acute in making own judgment and in terms of financial #decision-making things are way too important.
What I faced the trouble that I associated an overly measured trust on the sole money streams, then what happened that I predicted and fell into trouble. Risks have to be calculated and if something happens without the prior expectations, we should have options, a plan -B or plan-c to back the crisis up ; whether you are in serious financial debt, setting up an #investment plan or looking out for setting up a #project in any monetary fundings.
Cryptocurrency is a practical field of the real life scenario that I faced. Its an example that fits well to the learning gathered from experience, from experimenting with the critical aspects of #financial life that keeping the sole reliability on one project or adoption might end up being a shock you dont want to get as an outcome. People bear the cost themselves and #debts start to build up out of unplanned financial projection. As true as mirror portraying reflections.
Source
After 12-15 years of active #crypto build-up and alongside adding of newer #tokens each time, the thousands of the brands and coins have established their names on the market. With #Bitcoin, there are #altcoins and the numbers go far. Each day market value is changing and #bull and bear cycles following a periodic trend from time to time. When one has taken a decision to invest wealth one one coin all at once, that is (putting all eggs on one basket), with no such plan B or C backing the investment up, then the #risks soar up high to lose a fair part of it.
The wise option is to have the multiple options, setting up a diversified portfolio, with chances of creating a space for recouping the loss. In an #investment of $10k asset in one coin might see a fair 50-60% reduction in price and thats too much for a person who holds all his asset in the coin basket. Nobody knows when the #price would fall down,but more involvement in multiple option with 60% profit (with the other investment) will equal to 10% of inclusive #profit that would pay his worth time in spending and monitoring for months of time.
Life gives us many chances to succeed and we should be generous also to give our luck a bit more well judged decisions, diversifying the options and plans and recouping the odds and crisis time to time created from bear cycle.