6 ms·

Could you give some examples?

saiya-jin 8y ago
I can imagine cryptocurrencies for myself. I was never highly involved, but can imagine investing say 100$ when prices were super low, or just mining on desktop for the fun of it. When thinking back about it, there were some potential signs, and losing 100$ even back then would be without issues. Life now wouldn't be significantly different, but I would have much less financial pressure on myself. And that can be translated to a slight amount of happiness, compounded by years and years of not having to pay the mortgage.
andriesm 8y ago
Like the other poster mentioned crypto currencies. I've hit many jackpots like this in my life. I have also seen big opportunities that are specific to another person, asked why they don't pursue X or Y, and the responses are quite often non-responses. I literally begged several of my friends to just put $10 into a specific crypto that went up nearly 500 times. I did put about $100 myself into that one, and of course 20 similar parcels of money into about 20 others. Of course just citing one example like crypto is not helpful. I had another idea for a totally passive income business, that I for whatever reason didn't feel like pursuing, I tried to convince others of the merits of doing this things. Eventually after about 2 years of failing to convince anyone else to try it, I did it, and made really lucrative money that came in like clockwork with about 2 hrs of effort per month. That thing ran for quite a while and eventually the market changed to not make it work anymore. I have had some other successes too. I also lost of lot of thr easy money made along the way, but now I am wizer, and my latest money maker (post early crypto buying) I have taken a serious amount of thought about not ever letting it dissapate. I have also had many failures because I have tried many things. But some things really are no brainers. Another example is buying massive bargains when shopping second hand. The trick to capitalise on a bargain is just 2 steps - step 1 make sure there is no catch (or a sufficient margin of safety) - step 2 - pull the trigger FAST - exceptional bargains don't hang around indefinitely.
- robocat 8y ago
  > step 2 - pull the trigger FAST - exceptional bargains don't hang around indefinitely. I find this interesting because I have a friend get bargains that saved him the equivalent to large percentages of his income on deals that were simply unbelievable. He is seemingly average tradesman... I have been trying to train myself to get better at finding/creating and then jumping on great bargains, to understand his skill and the skills of others. However there is a lot lot more depth to it than the two sentences you added to the bottom of your comment ;)

I can imagine cryptocurrencies for myself. I was never highly involved, but can imagine investing say 100$ when prices were super low, or just mining on desktop for the fun of it. When thinking back about it, there were some potential signs, and losing 100$ even back then would be without issues. Life now wouldn't be significantly different, but I would have much less financial pressure on myself. And that can be translated to a slight amount of happiness, compounded by years and years of not having to pay the mortgage.

andriesm 8y ago

Like the other poster mentioned crypto currencies. I've hit many jackpots like this in my life. I have also seen big opportunities that are specific to another person, asked why they don't pursue X or Y, and the responses are quite often non-responses. I literally begged several of my friends to just put $10 into a specific crypto that went up nearly 500 times. I did put about $100 myself into that one, and of course 20 similar parcels of money into about 20 others. Of course just citing one example like crypto is not helpful. I had another idea for a totally passive income business, that I for whatever reason didn't feel like pursuing, I tried to convince others of the merits of doing this things. Eventually after about 2 years of failing to convince anyone else to try it, I did it, and made really lucrative money that came in like clockwork with about 2 hrs of effort per month. That thing ran for quite a while and eventually the market changed to not make it work anymore. I have had some other successes too. I also lost of lot of thr easy money made along the way, but now I am wizer, and my latest money maker (post early crypto buying) I have taken a serious amount of thought about not ever letting it dissapate. I have also had many failures because I have tried many things. But some things really are no brainers. Another example is buying massive bargains when shopping second hand. The trick to capitalise on a bargain is just 2 steps - step 1 make sure there is no catch (or a sufficient margin of safety) - step 2 - pull the trigger FAST - exceptional bargains don't hang around indefinitely.

robocat 8y ago
> step 2 - pull the trigger FAST - exceptional bargains don't hang around indefinitely. I find this interesting because I have a friend get bargains that saved him the equivalent to large percentages of his income on deals that were simply unbelievable. He is seemingly average tradesman... I have been trying to train myself to get better at finding/creating and then jumping on great bargains, to understand his skill and the skills of others. However there is a lot lot more depth to it than the two sentences you added to the bottom of your comment ;)