I was recently having a conversation with someone that if I sold the car I had now and put it all in crypto and it went 10x in a year or two I could buy a car worth 10 times as much. They thought that was too much money to spend on the car. Which had me thinking should we evaluate things by the dollar value or as a percentage of our net worth. If using the percentage model should that percentage stay the same or decrease as we become wealthier?
While you ponder that lets apply the same principal to giving. As you become wealthier from all your crypto gains do you still give the same amount you used to or do you increase the dollar amount knowing the percentage is staying the same? I don’t need to know the answer to these questions it’s your money you can do with it what you wish. But if you want to continue the dialogue leave a message in the comments below.
One of the many aspects of this blockchain revolution that I love is the many use cases it has for lifting people out of poverty. Providing opportunities for farmers to have more control over their destiny. Giving residents of countries with hyper inflation an alternative to store what little wealth they have. Providing a viable solution for the millions around the world that still have little to no access to affordable banking.
While we wait for our lambos to land on the moon their are so many exciting developments happening that are improving the world we live in.
If your reading this you are probably richer than 75% of the world despite your losses this year.
What are you thankful for? Let me know in the comments below.