 Welcome to the Jalassette News to get top stories and cryptocurrencies assets and bring down to bite-sized pieces. So today we're not going to do the news. I will do some things and more lofty questions to answer. And this really all stems from a comment that I made on my Twitter account where I said, hey, my crypto account is on fire, bank account is near zero, and I'm pretty happy. Which I think a lot of different people who invest in the cryptocurrency assets, they really have this same problem that I have, which is they are crypto heavy, and their bank accounts sometimes go a little bit lower than what they would like it to be. And that's just how it is. So this actually was from Dustin Bailey or Dean. He says, I saw this here with a low percentage in crypto and a high percentage in bank, and I've done literally nothing and it's flipped. And when I read that I go, that's pretty much how to really get things going is really how it should be done. And I said, hey, man, I go, you do the hardest thing. And that's what a lot of people get wrong. You're an investor. Just buy and hold. Don't do anything else. Watch your watch. Watch your gains multiply exponentially. It's very easy, but a lot of people get it wrong. And I want to do this video because this, first of all, I'm not a financial advisor. You shouldn't believe, you know, don't listen to me for what I have to say. This is just the things that I am doing personally and where I've seen a lot of people have the greatest success, which is just to be a buy and hold type of investors. Now, we're going to talk a lot about different things, which is, you know, is how much, you know, to hold and how much would I be holding and for how long? Well, it just depends. And we're going to take a look at a couple of different factors. But the thing that I thought about when I was, you know, talking D is that when he's talking about is, you know, how he got there. And I can just tell you right now, anybody can be a millionaire. It's, it's, it's not as hard as you think. It just takes time. There's no get rich quick schemes. The bigger question and really the big lofty question is what do you do when you'd not have to go to a job? What do you do when there's really nothing to do? You don't have to do anything. So we talked about this in a video we did about two or three weeks ago. And I think it's going to be pretty relevant for a lot of people right now. Because when you get a lot of money coming in, it's like, well, what do I do now? And I had the same problem when I moved to Vegas. And I kind of lay it out to in this video. So I will link this at the very end. But really, like I said, that is like the biggest lofty question is, you know, what do you do? The smaller question is, is how do we get there? And you can this, this article summed up everything pretty easily. And it was called, this is how a janitor, a librarian or a teacher can amass millions and become multimillionaires. And this is how they did it. And we've all heard these types of stories that I really want to break it down and just talk to you about how real simple it can be. So a lot of people on the internet, they make things way more complex than they need to be. It's actually very, it's very easy to make things complex. It's very hard to make things simple. This is exactly what Steve Jobs would always talk about. And they worked very hard to make to simplify things. So I don't know why people, you know, they make it so difficult. Maybe it's because the more difficult you make things, the easier it is for people to like rely on you. So you're like, Oh, it's super difficult. You can only listen to me. So that's just how it is. But anyhow, this was a pretty good article and just breaks it down into four pieces. And they give a pretty nice intro here, but I'm going to skip it because there's better stories. The first one is live well below your means. And I'm going to pretty much skip over this because I think we've all heard that to death, right? Nobody needs to go out there and buy a super expensive car and house because what are they really going to do for you? Right? I mean, it's a great status thing. But the people that had amassed these millions, librarians and clerks and all that, they just lived well below their means, like way, way below. We'll talk about that in a second. But I mean, I think we all know to, you know, avoid the Starbucks and not do too much. But I gotta tell you, Starbucks really is good. I mean, if you're like having a shitty day, and you're just looking around, you're like, okay, what, you know, what can I do like a nice little pick me up? Boom, Starbucks. Yeah, it's going to cost you. But I mean, I'm not going there every single day. So whatever, you got to take care of yourself a little bit. It's all I'm going to say. The second one is, and this is the big one, just invest early and invest often. What do we mean? We know to invest early. I mean, if you want to be like an early investor in like an ICO, I mean, good for those guys, those guys may not like bandits. But this one is where these guys, and I think you could really benefit. And it talks about sacred millionaires know how to hang on the stocks for the long haul instead of selling on the market dips. And that is the beauty of crypto is that it is like the proving ground for everyone to understand how to buy dips. Like I really think that if you want to go into traditional markets, that you should start with crypto first. Because if you can make it in crypto, you can make it anywhere. Because I mean, there are massive dips. There is massive volatility and like 20 to 30%. Like I've always said, 23% on the traditional side is like, I'm going to jump out of window. 23% on crypto is a Tuesday. We don't, it's not a big deal. So I mean, start right here. And that is what it is. So these guys, these, you know, simple people, they just said, Hey, I don't really care about dips. I'm going to keep buying or I will just buy one of dips. This person Gremel, whoever that is in the story purchased $1,000 worth of Walgreens stock and held on to it for 70 years, 70 years. So that is the big thing. And if you can buy and hold, it's going to grow up massively. Brooklyn locals, Donald Othmire, professor and his wife, Mildred, they amassed hundreds of millions standing from Berkshire Hathaway. These were stocks they invested into for just 42 bucks back in the 60s. And today one share is worth $280,000. So it's not just important that you invest early and often, it's also important that you invest into the right types of things. And that's pretty much why you hear in the channel, you're just time to, you know, figure it all out. And I don't blame you. So three, these millionaires don't just avoid time in the market, they also reinvest their dividends. And this was this was the very big thing that I wanted to get to. So when these people invested, like when they were beginning, they purchased $1,000 worth of Walgreens. The other ones, they did Berkshire Hathaway. They were paid in dividends. And they said, okay, do you want to cash out? You just want to cash or do you want to reinvest? And they always said the same thing, reinvest whatever I get from these stocks and put it right back in. And it was just a flywheel effect. And this is this is all about compounding interest over time. And this is the really the secret sauce and the magic. And this is why I'm always talking about Celsius. This is actually why I'm always talking about Voyager, because when you put your money into those two exchanges, well, Voyager is a broker, you get paid in either Celsius or into like minded or like a cryptocurrency. So that's what I'm talking about in the link. And there's a link in the description of everyone exchange of wallet fees is going to take you here. And just so you know, Voyager and Celsius might want to punch. But here's the thing, instead of you cashing out because you've got, let's say you got to Bitcoin on Voyager, we're going to get paid five, five and a half percent, you get paid five and a half percent, and it's going to go right back into Bitcoin, you're not going to get dollars, they're going to give you back to you right back in Bitcoin, which is the exact same thing these other people did with Celsius. It's 6.2% for sell. Or if you want it in Bitcoin, it's 4.7. So that's, it all depends on where you're at. Like Americans right now, we can't earn in Celsius, we can just earn in Bitcoin, Bitcoin, Ethereum, Ethereum, stablecoins, 8% or 14% 13.86, it just depends. So this is why it's so important that you understand like, why would I put it there? Why would I get that? Oh, it's because it just keeps adding in. So like, let's say you have one Bitcoin, then you make 5.5%, now you got 1.0005, and then you're earning interest on that, and we're interested in that, interested in that. And before you know it, you're like, wow, I got two Bitcoin, wow, I got three Bitcoin, it's amazing. So, I mean, pretty tough right now, but let's just take a look at like something like VGX or Ethereum or basic attention token, something like that. You could definitely start to really compound it and who knows what that's going to be in like three, five, 10 years. That's why I talk about it's not inconceivable or outside the realm of possibility of people being millionaires, especially in crypto and digital assets, just for doing these very simple things, buying and holding, buying during the dips, putting it into somewhere where it can gain yield. And before you know it, you're like, wow, look at all this money that I got, not too bad. Anyhow, that was the whole thing there. So then the other thing was, this was two important things, I think it's because it really talks about what are you going to do afterwards? And this was talks about earn more on the side. So not only do they invest, but they also do other things on top of their regular job. So I might call that a side hustle. So Donald Othmire netted extra income with his side gigs as an investor, Leonard Gygowski, a butcher in Milwaukee, earned enough from investing in his grocery store stock to eventually purchase the store, a nightclub, a dance studio and residential properties. And that's huge, right? Because if you can do all those types of things, there is nothing better than having passive income. But you know what's even better than passive income? Having multiple streams of revenue for passive income. It's like the best of all time. So like for me personally, like we have this channel that works out okay. I've got a nursing education platform where I teach nursing students how to pass a clinical exam through an online education platform. I also do Amazon FBA, I also do investment properties. And we have a sports facility. So all these different things that are out there, it's multiple streams of income. And when one is hurting, the other one picks up the slack and so on and so forth. So you're never stuck into one thing. And that's what that's another thing that we like to talk about here is diversification, diversification. So I stay here with passive income, like real estate, you don't have to do any work, carbon arrow says, aside from maintenance and expenses, you just sit back and collect the check. And that's true, investment properties are one of the greatest things. So this leads me to my next point about we did a video which talked about the ultimate cash out strategy. And I talked to you about not just putting everything in cash, but into stablecoins because of what we just talked about gaining yield, also purchasing land, homes, the Amazon FBA staking for cryptocurrencies. And my big one was crypto IRA. So I will link that at the end and I'll explain all those different types of things. But the home and properties, that is a big thing. And the next sentence what they say here is, they say Airbnb, for example, makes it easy to add a passive income stream by renting out extra space or your entire place when you're away. So you'll notice here, 20% investment properties, we've got a couple homes right now where we do Airbnb. And even with the COVID coronavirus, I don't know when you're going to watch this. Right now it is, what is it? It is Friday, February 5th, 2021. So there was this thing called coronavirus, if you're watching this later, it totally sucked, kind of wiped out the economy for quite some time. But it was great for Bitcoin because there's a bunch of quantitative easing and all the different money printing. It doesn't matter. But so when all this was happening, we thought that people wouldn't be able to rent our home because of Airbnb and people would be not traveling as much. And it did for a bit, it slowed down. But then we found out that people still needed a place to rent because they got shuffled around for their jobs or they need to come and see a family that was sick or there was an event that they had to go to or whatever it was. So they would rent out our homes. And right now, the vaccine is just rolling out, still doing okay. I think as time goes on, especially with the vaccine really getting pumbled through, you're going to see a lot of people want to travel. And with travel means Airbnb, or they can do hotels, but I like to stay in people's homes. It's cheaper, especially if I travel with a large group, works out pretty well for me. And that's just one of those things that I think could potentially happen. It's also why I invested into Airbnb stock. I think it'll go up pretty well because they just IPOed a couple months ago. That's another thing. So this is what we talk about as far as multiple streams of revenue. I can see it definitely how you can become a millionaire just by investing yields diversification. And the next part, and the last part here is improve your financial IQ. So reading investing news, talking with like-minded friends and seeking counsel, and you're on this YouTube video or you're at danteachescrypto.com watching this video. And this is where you come for like-minded people in the comments below. Say whatever you like. But all the people that are here pretty much have your pretty much the same mindset of this is where I want to be. This is where I want to put my funds into because I feel like I can grow it. So it's always good to be around like-minded people because you can kind of share that same dream. I think, you know, whatever your dream is, usually it is to go up or increase in price for cryptos. This is a great channel for that. So lastly, it's Robert More in a librarian in New Hampshire with a four million estate befriended our financial advisor who encouraged him to invest instead of putting all his earnings into checking and savings accounts which, you know, they don't give any type of interest these days. I think banks are going to go to the wayside just like Blockbuster did. So we'll see. Again, putting it into a place where you can gain a bunch of yield is one of the great things. So this was just a basic overview of how to do those things. But there's a flipside to that. So first of all, you look at these people, I mean librarian, teacher, you know, they're not anything, you know, where they would accumulate a ton of money, but they were able to, you know, at the very end to have to amass a small fortune. So what does that say for, you know, other people who like already have a bunch of money? So there was a story I never forgot. It was called from CEO to pizza, pizza delivery guy, which is nothing wrong with pizza. I did that in college. It was great. But this was a story about Ken Cartman. He was making $750,000 a year, $750,000 a year as a CEO. Then they stayed a perfect financial storm hit. He tried to start his own hedge fund right before the economy began its nose dive. So first of all, diversification. If you're going to put all your eggs in one basket, make sure it is the best basket you can potentially find because this here Cartman, he had a problem. You know, it is weird though, because like LinkedIn was started during the 2008-2009 financial crisis and they did okay. But I guess hedge funds, not so much. Anyhow, pretty soon he's having trouble putting food on the table for his wife and kids, even though the table sits in a gigantic mansion in Clearwater, Florida. He'd make the local restaurant and give him a job delivering pizzas for $729 an hour plus tips. And he said yes. And that's how he was able to survive for quite a while. He got back on his feet, but it goes to show you that it doesn't matter how much money you have at any one point, it is really about what you do with that money moving forward. So this is one of my fears for everybody on this channel. Again, not financial advice, but I remember when I lived in Las Vegas, I was looking for a house to buy. And I went on to the south side of Vegas and I was looking for some pretty decent houses. And the guy that was selling it, I asked him, I go, hey, why are you selling this house? It's pretty nice. He's like, I just want to move. He's like, just having some problems here. He goes, I made, he said he made millions in his life doing investment properties. And then he took all that money and put it into one investment situation someplace outside of Vegas, or no, it was outside of Arizona, where he put like, he said he put like almost $5 million into it. And then something happened with the city and he got shut down and then financial ruin and then blah, blah, blah. So to me, I always think to myself, even if everybody here on this channel, everybody, all my $100,000 subscribers, everybody becomes a millionaire. I don't think everybody's going to stay a millionaire because they're going to be like, ah, easy come, then easy go. So it's one of those things where it's, it's not how much you make is how much you keep. And that is the big thing about, you know, just be careful of what you want to do. And that's why I talk about diversification when we had it right here on that video. Again, I'll link at the very end. So those are the big things. And then lastly, or a couple lastly, I want to say two things. And then is that when we talk about living below your means, you still have to live. So this is one of the stories that we got the librarian in the couple stories back. He amassed $4 million as a simple librarian, which is fine. And, but what did he do to get there? Well, he lived alone. He drove a 1992 Plymouth around that and never went out. Okay. He would have some Fritos and a Coke for breakfast, a quick cheese sandwich library, and he would go home and have a frozen dinner because he only knew how to work the microwave. So if you want to do that type of thing, you can definitely make millions, but it would be a pretty crappy life. And it's like what my friend, here we go, my friend Diddy always says, when in doubt, zoom out. Diddy was the guy, he's been on the show a couple of times, great guy. He was the one that sold all his stuff in the early 2017, his home, his cars and everything else, and put it all on the Bitcoin. And he didn't just sit there and watch, just, you know, click the refresh and just watch all the money go up. Well, I'm sure he did for a while. But he see his videos where he's doing. He's in Portugal, doing a lot of cool stuff on the beach all the time, traveling with the family, doing great things. These are the things that we should really be trying to amass. It is not about so much about amassing a fortune or massive amounts of money. It is about just having those freedom units or dollars or whatever you want to call them that allow you to actually do the thing that you really want to do instead of just, you know, stuck in some place and some junk job that you hate and the boss that you can't stand and everything else. So that is it. That is it for today's video. And hopefully that hits home and gives you a little bit something to think about. Anyhow, if you put comments below, I will link those those two videos and that is it for today. But hey, if you watch all the way to the end, hey, congratulations, you made it. Once you hit the thumbs up, that would help. And then consider subscribing. A lot of things that we talk about, a pretty time sensitive news and different happenings that go on. So definitely consider that. And that is all for right now. So I'll put the two videos up and that is all. Thanks so much. See you in the next one.