Use The Risk Guide To Being A Negative Man For Cryptocurrency Staking

Classic Investment also has experience in the cryptocurrency market.

By now, almost everyone has heard of Robert Kiyosaki's autobiography, “The Priest of Money and the Villain”. It was written in 2002, long before the advent of cryptocurrencies and the digital market.

Although the book was published a few years before Bitcoin, Kiyosaki is still a fan of cryptocurrencies, especially Bitcoin. This is a fair tweet he posted on @realKiyosaki.

(Tweet de Rich Dad et Poor Dad)

We can often provide great advice in this book and in the cryptocurrency industry. Let's look at some examples.

RDPD Rule: Passive Income is the name of the game.

I do it because it's the most important goal. The other principles discussed here will help you achieve your goal. This is the only strategy that will achieve your goal.

Kiyosaki said if the estate's income exceeds his monthly debt, it's free. When this happens, you are not only financially free, but also the only way to be free.

RDPD assets are preferred

Although there is no cryptocurrency at the time of writing, Kiyosaki was clearly a fan of cryptocurrency. He thinks the stock market is a big bubble that could explode and not fit into most economies in the long run.

But one thing to keep in mind is, like this tweet since September, Kiyosaki estimated at least 15% of our downfall. In fact, if you follow his account, you will probably think that he is shorting the S&P 500 because he absolutely believes that the US financial system will be wiped out soon.

There were no crashes and the biggest drop was around 7% from its recent high.

Although most cryptocurrency traders agree that investing in US commodities has small bases, most cryptocurrency traders are reluctant to predict when this will happen. That would ultimately be it and we would have access to other assets such as cryptocurrency.

So that means looking at other heritage classes that can provide the income we need. Passivity here means making money using assets, not working directly on money or changing time for money.

Staking is a great way to follow the rich man rule and make less money

Staking is one of the best ways to achieve this goal. Some platforms promise tokens with high interest. You can find an example on the Staking Rewards website.

The popular game AXS pays 116% of APY to pledge AXS tokens.

Instead, Dodo is the DeFi protocol and marketplace provider and pays 29.65% after the exchange rate increases when the new DODO token is released.

For those who prefer big jobs, Binance Coins (BNB), which ranks third in the market, pays a health rate of 12.88% or 15.12% depending on whether it works for its own use or not.

Going back to the rich and poor rule, if you start it from the same asset, say $ 100,000, for sure you will get more income at a higher interest rate. . 12.88% BNB outperforms most income to produce products with an average net return of 6-8%.

More importantly, you can have small assets like in other passive income here, but you can still get good income doing things like cryptocurrency. In the example above, we are making $ 6-8,000 in assets out of $ 100,000 per year. To earn US $ 6,000 in BNB capital, we only need US $ 46,583 to receive the same amount.

Knowing the competition will allow you to start small, but reach your income goals faster.

RDPD policy: Equipment> Operations

He says he loves bitcoin and dislikes government.

Income from real estate is always better than income from work. If you have a job, your income is adjusted based on where you work and how often you work. Assets are more volatile. In general, assets can be easily transformed from a negative investment into a better investment.

Of course, this is not always the case. You cannot move a lease from a bad community to a middle class community. However, many assets can be moved. As a professional you will not be able to do this. You're still limited by the wages you're talking about and the rights of the company. This also applies to paid employees who earn more in some years and less in others.

One of the biggest advantages of cryptocurrency as an investment, especially staking, is that you can start small. You can start with a few hundred dollars. Usually you can never do this in the library. The BNB example shows how to use commitments to make your investments perform better even if you invest less.

RDPD policy: Equipment> Passive

Kiyosaki describes this concept better than any laptop I've ever seen. Treasure cash in your pocket. The expenses will be deducted from your pocket.

That's why it's smarter and less risky to treat your home as a liability rather than an asset, as the following principles point out. More details to come.

The development of these assets took place over time. Another key characteristic of crypto as an investment option is its ability to save time.

Crypto is an asymmetric bet on the future of digital marketing. Asymmetry means the rewards may be greater than the risk you take. For this reason alone, millennials and millennials and millennials have invested in cryptocurrencies. It is a model that we cannot ignore.

One of the safest ways to secure your assets in this asymmetry is to take out a mortgage. Not only did you buy the cryptocurrency you believe in, but you made more money with that cryptocurrency.

Although staking is less risky, it is often misunderstood.

For some, this concept has been misunderstood by many. Do you think MasterCard is a risky investment? They are generally payment companies. They operate the MasterCard network and charge a small fee (call charges) for each transaction on the network. It is an incredible economic model.

When you register, you become a MasterCard. Suppose Solana thinks she has a bright future to compete with Ethereum. Then SOL staking means sharing part of the total cost collected by the network sending SOL from one wallet to another. You are a MasterCard. Instead of paying for a debit card, the person who gives you the card pays for it. This is due to taking possession of an asset.Isn't this a good place to believe in cryptocurrencies?

RDPD Rule: If your personal residence is a real liability, make no mistake about the property.

As described above, housing is a liability when expenses are paid out of pocket. If you need a new fireplace or patio, who pays? You do. Regular maintenance can be costly.

Another important reason for your residence is debt if you have to live elsewhere. Either way, you'll pay the price. The income to build the house is now one of Kiyosaki's favorite assets and can help him reach his income goals.

But how does it compare to Crypto, especially when it comes to encryption?to ownCompared to?

So, we can see that embedded cryptocurrencies are much better than real estate. This ensures that housing is a good investment option compared to most properties. One of our favorite interests is that we benefit from the disruption of the cryptocurrency network that we hold. If you buy a particular cryptocurrency, you already believe in it. Want to grow the cryptocurrency and contribute to the value of the contract?

Its beauty lies in its simplicity.

This is why Kiyosaki is a huge fan despite his rich and poor dad ahead of the crypto industry. It meets all the requirements of the heritage class in which it considers it worth investing.