Crypto currency tips No.1

Hallo Everyone on Steem, this will be a series of blogs about investing into crypto currencies, strategies and psychology behind investing...

Many posts, I can see on Youtube about crypto starts with saying, that "I am no financial advisor etc..."

Well, after working nearly decade in finance, working for prestige banks, as a private banker I want to say the opposite. I want to be your financial advisor in crypto, I want to talk to you in understandable easy language and I want to help you understand your self as investor, because my approach is not about "What coin" to buy, but about psychology of investing, human typology and essential financial thinking for success...

Lets start with no1 thing:
Undestanding your income, costs and price of your life. Spend some time and monitor in written form your income, your total expenses and your spendings for pleasure, no matter what that is. Include, your weekly payments, your insurance, your Tv, phone, etc... All the bills you pay throw-out the year. You need to see your actually money flow right in front of you.

When you are done with that, your are set to stage no.2:
Plan, to put some money on the side, and let them work for you - invest them.

I suggest as a basic 10% rule, to set up your life, that you can put 10% of your income on the side every week or month, as you get paid. Those 10% regularly put on side, could influence your life more than you can imagine.

People over estimate, what they can achieve in a year and totally underestimate, what they can financially achieve in a decade.

Let me show you, what I mean - Let say, you earn 1000$ a week. Thats 100$ a week saved, which is 400$ a month and 4800$ a year. Even if you would do nothing else, than just had them on savings account, you would have in 10 years maybe 50 000$. My point is, do you have 50 000$ now in your accounts now? What could those money buy you today, that you can not afford now..? etc....
What if I tell you, that your money could multiply in a years of time, so those 50 000$ could be anything from 10-100 times more...? Would not be amazing..? Is it worth it, to accept blockchain technology and cryptocurrencies as potentially one of the possible investment, which could do it so.?

Crypto is in it is initial stage, and anything could happen. Think of it the same, as Elon Musk wanted to build space program. He was close to bankrupt and look it his journey now. He just send a rocket to Mars. I can not and no one can, guarantee you success with crypto, but if this technology will be massively adopted across the globe and across the industries, any early investor will be hugely benefited...

My suggestion to you is, start with putting half of your 10% savings to buy crypto of your choice, support project you find interesting, diverse your portfolio to 5 coins, at least include 3 from top 10 market cap positions and I am predicting you this outcome...

1. • You will feel stable emotionally, because you will invest small amounts, using so called - Dollars cost averaging
2. • You will still be slowly building usable cash, as the rest of money you will leave in bank account on Savings account
3. • You will benefit in a long run from those investments and will achieve thrust into investing
4. • Eventually you will learn more about those technologies, human behaviour
5. • One day, you will be able able to pass on those simple steps to others, because best type of advice is usually the simplest one. The one you can easily copy.

This is strategy of a balanced investor. Something where I can see right fit of most of us...

Remember one thing, investing is way more how you feel along the investment, than possible gain.
Forget all in one, forget now or never and start with those simple steps.

Have fun in life and stay connected....
Crypto-WIN-WIN