So i told my mom she should invest in bitcoin. Me being the tech and finance savvy IT pro that I am, she thankfully believed everything I said without question. I already have alot of bitcoin as you can probably see from my earlier posts.
I wanted to make it literally dummy simple easy. So i made a coinbase account for her. She started with a humble investment of about $300 a year ago. That's it. (Honestly It's literally the same strategy I used 5 years ago just without altcoins).
The next day, I asked her if she was going to reinvest and she was not sure. So i said "well why don't we just set up autopay for just $30 a week, EVERY week no exceptions." That way she won't even notice the money is gone.
So that entire time from about a year ago, she was investing literally just $30 a week. All the way from its highs of $65,000, all the way to the $30K lows a while back. The account balance has grown from that $300 to just under $4,000.
She was SHOCKED, blown away. She was slaving away for 10+ years at her job at 50 years old just to accumulate a $50K 401K. Here I was under 30 years old and I have more than DOUBLE what she has saved in her 401K. I think it's safe to say that she "gets it" now.
TL:DR - Guys, understand the time value of money. That little $100 starter investment goes A LONG WAY when you have alot of time to wait AND you consistently invest. Time and consistency. That's literally all you need to get wealthy with bitcoin.
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