MultiversX Tracker is Live!

What Bitcoin Means for the Ex-impoverished

Bitcoin Reddit

More / Bitcoin Reddit 249 Views

I'm sure you've heard rags to riches stories before. Bitcoin is a new part of these stories.

As someone who has lived in homelessness, hunger, and poverty, I see Bitcoin as a top priority asset.

Prefaced tldr: I was raised in a college educated but financially illiterate household. Disaster after disaster left my family homeless and hungry on multiple occasions, inspiring me to achieve financial wisdom and grow my own wealth as an adult.

The meat of the story:

Wealth building for someone who spent their childhood in poverty is a form of securing their future. I don't do it for the lavish lifestyle. I don't do it so I can buy a lambo and show off. I do this because the screams of my starving baby brother still haunt me, as do the memories of holding back sobs while giving my dinner (ketchup packets) to my siblings yet again.

After going out on my own, I pledged to:

  1. Use daily labor to acquire more depreciating fiat.

  2. Convert that fiat into appreciating assets before it depreciates (or I get the chance to spend it on myself). Assets include bitcoin as a high percentage, real estate with the strict policy of reinvesting returns into more real estate, rare collectibles and precious metals, and goods that I could barter or sell in a downturn (ammo, weapons, food, fuels, "camping" supplies, medical devices and supplies).

  3. Leverage gains from my low level investments to acquire more of my high priorities.

  4. Repeat.

I've lived through multiple natural and economic disasters and downturns. My family has been robbed, made homeless, left hungry, and forced to fight for our resources.

I started by storing canned food in a suitcase as a kid, and I've been laughed at for it. But as time passes I am building wealth so that no disaster will ever see my children hungry in the wintertime or burning trash to stay warm.

So far, my child has never known hunger or discomfort. Has never stepped foot into a daycare or been left alone with an abuser. Has no concept of greed or want. We've had hiccups; I've had to sell off some gold and guns. But I believe I've reversed a generational curse and successfully moved up at least 2 classes.

Big respect for anyone else who grew up not knowing when they'd find food again or where they'd sleep tonight. We can do this.

submitted by /u/Youngdumandbroke
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments