Soaring house prices, worldwide shortages, endless money being printed, the potential end of fiat currency, all the result of disruptive technology and a global pandemic. You do not want to be caught up in this aftermath. Thankfully, Crypto Millionaire, Jimmy Bennett, wants to share 4 tips to stay ahead of the game and up-to-date on how to navigate this ever-changing world.
As we have heard over and over this past year, we are living in unprecedented times. Our lives have been revolutionized by technology making globalization a hot topic in the government sphere. Our internationally connected economy has been producing more millionaires than ever before, but are we heading in the right direction?
Now first let me assure you, I’m no economist. I am also relatively young. At just 30 years old, I cannot say I have seen it all. What I would say though, is that I am an observer, a very attentive one at that. I’ve seen the way the world has evolved in only the past 10 to 15 years. When I was a teenager I was absolutely mesmerized by the number of changes I witnessed in such a small amount of time.
In 2008, we experienced an immense financial crisis causing the collapse of the housing market, one of the greatest shake-ups of wealth in a generation. We have seen the middle class virtually disappear, and as with all recessions, we have seen the rich get richer and the poor get poorer.
The difference between then and now, it seems not all of the rich are immune to the damaging effects of a global pandemic.
So how do we survive in a time of uncertainty? A time when your employer may have to close at any time? Where your livelihood and income is at risk?
The answer is: building multiple streams of passive income.
One thing I’ve learned through this experience we call life, is that it’s not how hard you work, it’s how smart you work. My dad worked hard for 30 years trying to build a life for himself only to have that 2008 recession take everything he worked for.
I have seen how easily you can lose money after working so hard to accumulate it, so for me, I believe the way we attain it, should be easy as well.
1. You must evolve or adapt
We live in a world of constant change. Be emerged in it. Most people fear the unknown or need to have some level of control to feel safe. But, I say embrace change. In fact, make change your new comfort zone. If you do not, you will be left behind. Those that are left behind will be sour and ridicule from the sideline, but they won’t be put in the game! Don’t let that be you. Subscribe to as many enlightening pages as you can, follow tech pages to stay up-to-date, read articles, be a sponge for knowledge. But also, keep dreaming and keep innovating. Don’t become a replica of what’s been done before. Tap into the innate creativity that’s installed in you as a human.
2. Read and research
Going off of tip number one, I can’t stress the need to be constantly reading and researching. If you have an idea, research it. See if it’s been done before and if so, how? Find ways to make it better.
I find myself having to google whether things exist on a daily basis. That’s how I know if I’m close to the edge of new success at any moment. Read up on other success stories. How did they come about? Was it luck? Usually, it’s not. Usually, it’s crafted, planned, researched and executed with care. There’s an old IQ test where you draw lines to connect the dots and the only way you could do it was you had to go outside the box. Think outside the box, always think bigger.
3. It’s now or never
That idea you got..the one you’ve been sitting on for 3 years. Yeah, it’s time to bring that to the surface. If this pandemic has shown us anything, it’s that time waits for nobody. You’ll never be more ready than you are right now, and those excuses you keep making are getting old. Give your dreams a chance. The wealthiest place on earth is not the diamond mines of Sierra Leone, it’s not the oil in Saudi Arabia, it’s the cemetery. Where dreams have not been fulfilled, books have not been written, songs have not been sung. Make sure you leave yours above ground. Don’t be haunted by what you missed out on when you finally lay to rest.
Automation is the future. AI technology is about to wipe out 50% of jobs by 2030 and you may find you are not an essential part of the workforce. But even if you find you are not, you still have a chance to diversify your income.
Working will earn you a living, investing will earn you a fortune.
Start investing in different forms of passive income today, for our world is becoming much more passive, while the laborious tasks are becoming easier through apps and disruptive tech. It is absolutely vital to start an investment plan as soon as you can.
You can follow & connect with Jimmy on social media via his Instagram @jimmybennett .
You can also you can visit his website: www.jimmybennett.co.uk where you can register to receive information about his upcoming book release.