Ever wondered what a mere $100 can do to help you change your life?
Some of you looked down on a mere $100 because even if you buy stock with it for the sake of dividend, at most it'll be $5-$10 per year.
But quite a number of you actually became a millionaire just from that $100! So how is it possible? I'll recommend you to start a delivery business like UPS(they started their business with $100). How about starting a little online dropshipping store with it?
It's possible if you have the passion and the determination to do it. Nah, what I'm gonna share with you is how to grow your wealth with a mere $100 especially for those who don't have the required knowledge to start a business. And it's as easy a peas to do it.
The way I'm gonna show you is how to double your $100 every once in a while. It may not seem easy, But I guarantee it's a lot easier than starting your own business and the risks associated with it are a lot lesser. Though lesser doesn't mean it doesn't have any and remember that all investments involve some risk either one or another.
Doubling your $100 isn't as hard as it seems.
To do it, you need,
- Patience
- Calm Mind
- Decisiveness
- Wise(Know When To Advance Or Retreat)
Lastly, a crypto exchange account.
So what's the trick to double $100 till it becomes a lot of money?
The answer to this is "cryptocurrency".
As you know, unlike stocks, cryptocurrency has a high volatility rate. Especially times when the dip occurs, and most of it goes down like 50-60% from its all-time high each time.
If you would have to do something which is counted as normal, it should be to sell all your cryptos like how others would be doing at the time of the dip.
But in this case, you should be scooping up more cryptos than selling because you should be buying the cryptos at a discounted price(From Warren Buffet's quote).
You would be asking, "Wouldn't this risk my $100?".
Then my answer would be, "If you want to build wealth worth tens of thousands of dollars to a hundred thousand dollars, what would losing a mere $100 count as?"
So let me get to the point,
- To double your $100, research a few cryptos that you think you can fully trust, and that truly have a future worth looking forward to.
- Secondly, calculate and set a buying limit at about minus 50-60% of the all high time price of that crypto.
- Thirdly, set a selling limit at the price you think will double your investment.
- Then wait for the magic to happen!
You may look at it like it isn't much, but think about how much you would have if you can do this ten times?
- $100x2= $200
- $200x2= $400
- $400x2= $800
- $800x2= $1,600
- $1,600x2= $3,200
- $3,200x2= $6,400
- $6,400x2= $12,800
- $12,800x2= $25,600
- $25,600x2= $51,200
- $51,200x2= $102,400
See now? Imagine a dip occurs twice per year, it would only take you 5 years to grow your "mere $100" to $102,400!!!
So if you were to invest $1,000, that would be $1,024,000!
How about $10,000? That would be a whopping $10,240,000!!!
It may not seem as easy as it looks at first looking at the time length needed to accomplish it. But since when have wealth been easily built? This is by way the easiest way right now to go about it, all you need is patience and $100.
I just wanna share with you guys that there are no shortcuts to good things, you must sacrifice something in order to get the other. And in this case, the price isn't even much compared to what you're going to get in a few years to come.
Right now I'm on the ride, hopefully, will there'll be good results in 5 years to come.
I'm not a financial expert or a certified consultant.
What I share here a merely a personal opinion from what I've experienced in my life.
Hopefully, some of my words could help you guys with a little part of your life.