 Well, I'm a gelessa news. My name is Robin today. Just like the thumbnail the title suggests there is a pretty interesting Information out there as the how to become a millionaire But really just boils down to three simple items and we're gonna take a look at a story That was just released about a janitor over time became a millionaire actually multi-millionaire for eight million So the first thing's first so we take a look at what's going on the market today. First of all welcome everybody Thanks for stopping by on a Sunday big games today So we'll get this out of the way and give a little bit of a rah-rah and then go Do our things maybe church maybe football maybe both but today Sunday what is it 29th january things are looking pretty good and As things start to progress and we see that the market build up I'm not saying that this is gonna last forever Usually markets don't go on a straight line like a record rocket ship. There are some declines along the way I don't know how much no one's got a crystal ball But as time has gone on we know that in the years that have passed Things look get a little bit of bleak and sometimes things move sideways. Sometimes things go down And I really just is a good idea to take lessons from people who've already been there and done that and this was a pretty good article It was from money wise And I talked about a janitor in vorm in bramats amassed eight million dollars without anyone knowing him Without anyone around him actually knowing his name was ronald read And we've heard stories like this before this is not not the only one We've heard about the live brand became a multi-millionaire tax cab driver became multi-millionaire. It's always the same type of things There's just some nuances here that I think is pretty interesting So it starts off it states and quotes everybody's favorite crypto investor warm buffett And he's I'm just kidding. He says you don't need to have extraordinary effort to achieve extraordinary results You just need to do the ordinary every day things exceptionally well, and that's the thing we kind of preach in this channel It's not about you know, there's some super secret thing that you have to do There's some super secret trading strategy. It's going to make you a billionaire tomorrow. That doesn't exist It's all the same thing just going on and on but I will tell you right now Like if you're here watching this video You're probably not a person that gives up pretty easily because this has been a brutal market so far so if you're here right now You're doing some things that a lot of people don't do and you probably do pretty well as time has gone on And this is actually pretty much summed up in this little Cartoon that Always kind of gets thrown around and it's the truth a lot of people As time goes on they just kind of give up when they're pretty close And all you got to do is just stick around just like in the military like I know today I got my My marine shirt on but I was in the I was in the army This is just a a shirt that that gave us for our our charity ops. Of course we do for kids But it's the same thing here, right? It's just like in the military All you got to do is show up in the right uniform and you get promoted All you got to do is just show up for investing and over time things tend to work out So it's just one of those deals that as long as you just stick around things do happen Let's continue on read local community said he was a hard worker But I don't think anybody had an idea that he was a multi-millionaire. It's the same thing I mean like me. I still got the same minivan because it's uh Functions quite well. It's got good gas mileage that can you know haul along my my dog So how do you do it really is the question? How is it? And of course it always the same thing being frugal friends remember him driving a second hand car Using safety pins to hold his worn-out coat together. He cut his own firewood until after his 90th birthday And one of his friends said look if he earned 50 bucks in a week He probably invested 40 dollars of it now. I don't see how that's Possible if you're going to not live off the streets and not be homeless But you get the point. He did a lot of investing. He was frugal Now I'm not one of those people who says, you know, if you just don't buy that latte from starbucks He'll be a billionaire tomorrow. That's just ridiculous. I mean some of it is I mean decent advice but in all honesty just being a little frugal and not Spending all over the place usually does pay off and of course investing into assets like digital assets or real estate Or metals or things like that as time goes on usually does pay off So here's how he did it also as well. So frugal is one thing time is the other and patience is a third Many of his positions were held for several years If not decades and delivered immense returns over that period The portfolio include heavy weights like well as fargo proctor and gamble and cold gate palmolos Another parallel between read and buffet Berkshire hathaway also has a sizable position in well as fargo And proctor and gamble so not only is it about being frugal and time And of course patience, but it's picking some winners I guarantee this guy didn't pick a hundred percent of winners. It's not how it works But there is a thing to look at as far as diversification and picking the ones that will do quite well You don't have to get them all right But it would be good if you don't get them all wrong and just put all your money into some crazy crypto That is like ranked 1200 ago. Well, this guy said it's going to go up. That's the recipe for disaster I have to tell you I see it. So I just do a little bit diversification for myself not financial advice I don't know your specific Instance of what's going on. Of course, not your dad. So you can do whatever you want to do. Which is what I do We're both investors kidding me. It was time of patience Ronald Reed and this is the interesting part. Ronald Reed Live to 92 and Buffett is 92 years old now 90 percent Of Buffett's fortune was generated after his 60th birthday. Let me say that again 90 percent of Buffett's fortune was generated after his 60th birthday If he retired early in the 50s, most people would have never heard of Warren Buffett But the question then becomes What do you want to do? What is your what are your goals? Do you want to be the next Warren Buffett and be this multi multi billionaire? Everybody talks about or do you want to be somebody's a little bit comfortable? And maybe doesn't have to go into the rat race and working on a five There's a lot of different variables to consider. I mean, that's why no one can say I should you know No one should say I'm going to give you all the financial advice in the world because no one knows your position The power of compounding is magnified over a longer time horizons It's also advisable to let your winners ride for longer Taking profits too early or trading your positions too frequently adds costs And diminishes the power of compounding. So there's a lot to go over there And one of the big things was that last sentence Taking profits too early or trading positions adds costs and diminishes the power of compounding. So underneath me is these things called the rules and I've made these rules Right around the celsius collapse and of course was here before the voyager collapse and we've seen ftx collapse And block 5 and who knows who else is going to collapse, but there's five rules It's all gone. Don't invest more. You can afford to lose Everything's a scam and sell for otherwise Don't use exchanges. Don't use leverage. Well, excuse me. Don't leave anything on exchanges You got to use exchanges to to transfer things out But I you know, you don't have to leave it there and the last one is take profits So how can I say that and then read this article to you? Well, it's quite simple actually There's a video that I did Dollar cost average and take profits It was about two weeks ago and I explained it pretty simply about how I dollar cost average and take small profits on the way Now I don't do that all the time I mean, I've been doing this channel since 2000 and it says 19,020 I didn't talk too much about taking profits or actually at all It's because I don't take profits that often but when I do It's to put that powder on the side now I could do what mr. Read did which was just to hold on Be a penny pincher be extremely frugal and not buy anything And then die at 92 years old Which is what happened to him and not spend a dime And leave it to I don't even know if he had kids I didn't see that in the article And that's what you can do too. You don't have to spend anything You don't have to take profits along the way. You don't have to listen to me. Not your dad. Do whatever you want to do Then it becomes like this how long do you want to hold on? How much do you want to acquire and how much of your life do you want to live? Do you want to be? like this gentleman here I mean this guy's probably got a boatload of money. If he's sitting here talking about I'm gonna get in a in a Ferrari But then you have to think about quality of life and when do you want to get things done? Maybe It might be a good idea to take some profits on the way and live your life Maybe not Live in that rickety house or maybe not have that car that breaks down every five days I'm not again. I don't know what it is, but I want you to remember this I do love this video when you're looking at Taking these profits and moving along the way And that's just it so and then another one another big thing that's Talk about is that in this article he talked about a couple of winners? Wells Fargo And Procter and Gamble and it really comes down to picking these winners and if we take a look here You can dollar cost average But there's a term I like to use called a dash assault dash nothing against dash I have nothing against the people that work at dash or just try to make a great But over four years if you dollar cost average you'd be up a whopping 3x if you sold at the top And started in 2018 when it was absolutely nothing But again How much can you accumulate and then of course if you if you held on you're underwater again So just saying that just to throw that out there and also salt Salt was the next great lending platform It tipped out at 1722 and if you were to dollar cost average you'd still be Not underwater per se. You don't lose until you sell, but why would you do that? Why would you do that? When you when you could actually diversify and we talked about this before So I'll just go over this real quick like if you took bitcoin and you put 100 bucks every seven days from january first 2018 Which when everything was hard to crash And you sold at the top news flash you won't or maybe you will I don't know you get lucky But that would be a 7x if you don't wait until 2019 And done it out of an it's six and a half x and if you waited until 2020 we're in a 4x 2021 only 1.5. So again longer Most of the time is better not all the time And then we take a look at ethereum do the same thing 2018 We put 100 bucks every seven days or every week if you would have sold the top one a 16x If you just started in 2019 a 17x pretty good 1020 11x 1021 you would only doubled your money And we take a look at cardano if we started in 2018 you would have 35xed If you would start on january first 2018 when it was like two cents, whatever it was back then 100 bucks every seven days 1019 a 39x pretty good longer time frame for sure time frame 1020 26x 1021 only a 3x so again it's all about That time frame and compounding all those gains But there was one thing of course about betting on these these losers and saying well, this is what it is You gotta understand it in crypto. You're gonna have a lot of losers I mean if you want to diversify and do do the do gen plays. So what I want you to do Is there's a website I put in a link in the description It's called coinmarketcap.com forward slash historical and I want you to take a look Let's just go back to may 5th 2013 Just see which ones were do you remember any of these besides the bitcoin and litecoin? Do you know pure coin or feather coin? Fair coin tarot coin. No, you don't Well, you probably don't because those don't exist anymore. I mean they might but it was uh, who's getting into that Let's Go to 2014. Let's take may 4th again And he's look familiar bitcoin litecoin. Sure pure coin. No xrp doge next omni name coin black coin There's dash Made save coin bit shares again. I just want you to take a look at this I'm not gonna go through the whole thing But if you can see as time has gone on which ones have been the winners and which ones have kind of fallen to the wayside Might be a good idea to take a look a harder look at those crypto projects and then also Just so you know, uh This these are the things that I'm doing. I did a video It's called why and when I'm selling 80 of all my crypto You can find that on the 100 free website called dan teaches crypto. It's very simple Go to danches crypto you click on start learning And then there's a little video of me you don't have to watch it you can sign up for free And you sign up use name first name last name email pass whatever you want it to be submit registration and bang you're in That's it. That's all I gotta do and then uh from there All the videos that I just talked about and more so are in the members area and Say it's an investing I got the basics how to avoid scams Metaverse world things like that. Why should we invest risk? Have a plan why eight percent? I just talk about what and why you tend to buy And so on and so forth. So again, it's up to you if you want to do those things But it is free and that's uh the big thing And lastly before we before we get to the q&a part I just want to remind everybody that as you start to get into These projects you start to make some make money And you're doing pretty well off. Don't forget that there's uh some good things to do along the way as far as helping out people around you This is a great video by mr. Beast And it's pretty cool. I mean this guy makes a boatload of money Just making videos and what do you do with the money? Well, he paid for the surgery of a thousand people Who had cataracts and other different ailments for vision? And a lot of them to see not just in america but throughout the world I thought was pretty cool how he did that and also a giveaway like he gave away like tesla and $50,000 and $1000 And some people say well, well, he's just sensationalism and he's doing this for reviews and whatever else. Well, yeah But guess what at least he takes that money and puts it back into people So I see that's a pretty good thing and for us here at digital asset news. We do things like Charities for amigos de los animales This is the dog walking. We also give them every actually every month now And if you're in porto rico, there's no better place to get a dog. They're great And they all need a home and also we donate to protechos to help underserved underprivileged people to actually put a roof on the house kind of hard to live You don't have a roof especially how much it rains here and of course we do donations through kiva Which is lending to third world countries actually all across the world and someone just paid me 400 bucks back great So now I get to relend and of course we do that through The crown of spake pool again links in the description and that's it for today So look that's it for today 15 minutes. It's pretty good. Not too bad So you like today's video give it a thumbs up consider subscribing all that great stuff Now what we'll do is get into a little q&a and we'll talk about anything you want to talk about really I'll be here for the next 40 minutes or so And then while you're typing your questions. I just want to bring up One little piece here and that is sweat coin So again on this channel. I'm super biased. I think everybody knows I own sweat coin Does nobody know now that okay now you know so we did a We're doing a giveaway and all he had to do is download the app Start walking and the people with the the 30 people with the most steps win some pretty cool stuff And we're coming up to that point. It's the 29th. We got two days left two days So first place you get like a thousand sweat coins. You get an analyzer. You get a lifetime token metrics Membership you get a membership of 10 set stone book coin ledger And then second place you get an arculus into the cryptoverse Ben's website. You got a premium membership and on down all down the road Ladies nfts. You get meld tokens. You get a lot of stuff actually and that's for 21 to 30 And again link in the description you can if you have the app and you just haven't add yourself just go here Click here to see if you're Let's just sign. Let's find out click here. Let's see This is January 23rd. They've been doing this once uh once a week So hardcore analysis is crushing everybody, but that's okay because we're going number one through 30 francisco Is only got 128,000 steps doesn't jerry 9th January 16th See all these people January 20. How do we have them this? challenge It's a lot of people But anyhow There's a lot of people shoot Who's got zero steps? That's kind of tough. I thought it would be beardy, but I guess not so yeah, that's uh We'll be drawing the winners on February 1st. So if you haven't done so Go to the website and if you don't see your name on there Just click this little thing right here and add in your uh, your Sweatcoin user name and then maybe you win and that's what's up So that's what's going on with uh, sweat coin now. Let's get into the q and a and answer all your questions I like this. Have you had take off take off. Thanks for stopping by but now q and a Okay, so let's see Yeah, live show. I don't do this. I don't do these too often. Just just better do it once a week Good morning, Northern Cali Yeah, big football games that pick up sure every love soccer Must be a bull market of brothers going live. I gotta tell you there's some very bullish indicators out there I'm still a little bit hesitant, but I mean I buy crypto every single day. So we'll see if I'm wrong I'm still right As time goes on That's true. Well, it does have a point mini van is a chick magnet if I wife ever divorces me then I'll I have room for eight kids So that'll be good I'm saving all the money I would have spent in soap and deodorant messing around Yeah, bicky's right, but as I always said compounding is the key. It's very true It all depends on what you want to do That is uh, also true That is also true compounding interest in a depreciating investment or asset is not very Very very great Unless you can hold it and it goes up. I mean Bitcoin hasn't been Doing so hot for the last well last year but over the last Two months three months, but doing pretty good actually Yeah, haircuts and shaved the beard off and every so often I do that because it gets a little crazy Robbie Austin says if XFP loses are you selling your all the coins? Ah If it here's the thing if XRP loses like we had a discussion with this it was me buying me guy and And then for the NFA live and I we asked this question I actually asked guy this question if If XRP loses to the sec We don't think they're going to lose lose But if they do what'll happen in the short term you're going to see Some major downside or minor downside. Who knows people might be like ech whatever Because of course people will say well America is not the epicenter of everything That's debatable, but I will tell you this if the sec wins I guarantee I'm 99 sure that the market's going to Take a little bit of a dump for a while So for me if that happens would I sell? You know in all honesty, it's probably a for me not for everybody. There's two ways you can play that The the one way is to go. Okay. There's a xrp just lost. I'm going to sell A bunch of my crypto or half of my crypto or 25 percent of my crypto or all my crypto And it's going to go down and we'll see where the bottom is and I'll start to rebuy it That's risky It is because then you could just say the market is like eh whatever right like the uh like like the debt ceiling which Coincidentally the debt ceiling In america we've raised it 45 times over the last 40 years. What's the difference? So we've already hit the debt ceiling. We're above it. We're probably raise it up again or whatever Or the government shuts down, which let's be honest. They don't do too much anyhow so There's that one way to play it or even say, you know what it's going to go down Well, maybe just like just like with the fed reserve at the fomc meeting Maybe just wait to see what the announcement is and if the announcement comes out and they go Okay, we're gonna, you know raise rates by 25 basis points. Cool Then uh, just keep dollar cost averaging and off you go if they come out and say, you know what? we're gonna pause Rates rate hikes right now if they say that the market's going to Go up pretty quickly So maybe you want to start buying a little bit right at that point when you hear that or If Jerome Powell comes on goes, you know what? Sorry everybody. I know I know you thought me 25 basis points We're gonna go 50 and or 75 to make sure we have a stranglehold On inflation now all you gotta do is wait Wait three hours four hours five hours watch the market just dump And then start buying things and get into cheaper. So there's ways you can play it Same way if the xrp or if the ripple case Is uh dismissed or it's a loss or it's a win There's different ways to do it me personally. I'll probably just look at and go okay if they lost Let me just wait for a bit. Let me give it a day or so see how bad it goes and then just start dollar cost averaging Buying some things some really cheap stuff and I would probably dynamic dca and buy a little bit more because over time I'm not gonna make a difference All they're gonna say is okay this like I've said before all this is gonna do is gonna say, okay We just decided or the judge just decided that this is a security Great. So now all everybody has to come in and say and if if this evening goes through because congress has to actually say Okay, this is the definitive factor of what you would consider a security even though the law said this this is how we see it Then all you got to do is say, all right Well, now the product has to come in and say, okay, we're a security re-register it They've already done that with eos. The eos got got fine in 2018 2019 And they say you were an unregistered ICO pay the fine move on they did worked out just fine and then everybody so those parties have to do it all the different centralized exchanges now they have to register as Selling securities that's on them not on the projects And then that's it those smaller projects They get cannibalized because they can't afford registering themselves as a security or take the time frame Not to I will say one thing that would probably go through the roof Is bitcoin because they've already said the cft senior as you see it already said Yeah, we pretty much think that bitcoin's a commodity. So I would probably see that bitcoin's going to go up crazy That's a long answer. You're right Frank the tank says i'm at 300 000 for the month. You never see my messages well, frank let's see Unfortunately frank, even though you've got a bunch of steps. I need to break this to you But you're not even the top 50 So look at janny 23rd. If you have 300 000 steps, you are rank number 64, maybe 63 somewhere around there So I don't know what's going on there, but uh again try to sign up the other one Be put on the list okay Rob, what's your end of bitcoin end of your bitcoin price prediction? I'm going to guarantee Right now it's between it's going to be between five dollars and 150 000 dollars Yes, that's it. That's my bitcoin price prediction I'm pretty sure i'm 100 accurate on that one. So investment advice I did saw an interesting one mark yusko and gareth soloway Gareth believes that we're going to go down like around 10 or 12 k and remind you he was right last time in 2021 And mark was saying that we're going to see over 100 k by june I thought that was interesting or by the end of this year. So one of those guys is wrong I'm just going to sit in the sidelines and go well if it goes up Maybe I'll take some small profits, but if it goes down I get the dynamic dca and off you go Hmm Yeah, that's why I like sundays because most people are off work No Hector says you do any mining or run nodes. We do a steak pools Now we did an avalanche one. It was okay, but most of it is a cardano steak pools And I gotta I gotta ask you everybody if you're on a Uh an exchange and you're holding your cardano there. Why are you doing that? Like did you not learn your lesson from ftx and voyager and celcius and god knows what else is going to collapse Take it off the exchanges Take out you can download a yorei wallet Adelaide or a deadless wallet right now Put it on there control your keys Delegated to anybody you want to I'm just going to say might as well use uh d news We're 99 plus uptime reasonable. We've been battle tested and still making the plays So uh start to earn that four to six percent apy Just saying So uh, no, we don't do the other stuff, but the state pools. Yes Hmm, let's see cto larson. I like that guy went hard on b usd claiming had at least risk last summer Gun to your head. Which stable do you choose? I guess usd c since you like coin base Yeah, probably usd c but I don't have anything. I have very little in in stable coins. I don't see the point I mean, I saw the point before of getting yield and things like that, but I don't see the point right now especially if Yeah, I don't get it I don't I mean, I guess if you if you're a trader and you're trading pairs I get that part But I'm not a trader. So it's not for me That's a good question Niners chiefs Niners and chiefs Okay The sentiment is how I have a bail from like the next fed report. What are your thoughts? I think it's I mean, it's If it's 25 basis points, which that's like 99 percent insurance. That's what everybody thinks it is You know what's interesting about that 99 percent they say well say if it's If it's going down that route and you think that people are so sure then of course, that's when everything changes So it'd be interesting to see if it if it's at night if it's 25 basis points And it comes in they say 25 basis points begins to say well sometimes it actually works out like that so um I don't really have bad report bad feelings about it. I have an interesting it's an interesting piece that uh that they're trying to uh Recalculate the way cpi is done I think that's going to be interesting especially when we go into uh presidential election season so we'll see Thoughts on j pow kicking the market's teeth next week. I'd love to see it. I would love to see it pulled back Yeah, I'm all it's like once the news that ripple loses the last day hits the media It will be too late to sell True and of course if it'll hit the media it'll hit twitter first I think and I mean the outlets will be there but people will tweet it out And so always be aware twitter is the best place to find information Not the most accurate 100 of time, but it is If you can verify it The depth of the life she's telling me to stop buying stupid stuff. Yeah, but you know what in 2025 when we're in this massive bull run And you're like, hey, so what color lambo would you like to have? I'm just kidding But you know what I mean or like hey, guess what I just paid off the house Now who's buying stupid? So remember that Tristan said did your channel gain some subscribers NFA? Yeah couple I mean I was Subscribers It doesn't really matter subscribers. Honestly, it just it just Views are nice, but the people that view it and actually listen to the message is nicer Now we'll say that Hope you fail me too. Maybe it goes above 150,000 or whatever is Pull back in the first effect. We'll see When are you gonna run an ethereum stake pool? Never I gotta tell you if you can take a look at two different ways a tail of a tail of two stake pools Everybody who's who's staked with ethereum and cardano, please sound out in the comment section Which one is easier and better to use? That's all I'll say I'll let everybody else answer the question for you But I'll never run a theorem stake pool When mullet went where do you DCA and mullet says I don't I'm like the generous trader That's okay Mullen had a great saying He said it's amazing how a short-term trader becomes a long-term hold when things don't go right This is true. Yeah Cardano is very easy You don't lock up. There's no slashing Overwards, which is nice That's it That's good Lost my youth in celsius never buying anymore. I still have all my eight on my ledger buying more. Yeah, I still have I have Well now I know it's way over six figure. I had Six figures on celsius didn't get out in time It was a funny thing did a video on it On that day and I did a couple test transactions then when I was moving my Four and a half bitcoin, which was the first thing that was going to go over For some reason didn't go through Now I got six figures sitting on celsius five figures on a voyager But the five figures maybe even less now because it was all the vgx token should have sold that stuff Oh, well live and learn That's it. All right, buddy. So that's it for today. Look If you like today's video Thumbs up subscribe all that good stuff But it is sunday kind of watch the little football and relax Enjoy the day and don't take everything so seriously. Yeah, it'll be fine Anyhow, thanks so much for stopping by. I appreciate everybody and I'll see you guys in the next one. Adios for