Activity Lesson 2

Bitcoin Monetary Revolution
#1189

Hello everyone,

I have been practicing delayed gratification for over a decade now - refraining from increased consumption when my income goes up. I own an 11 year old car with 200K miles on it - it works fine. I bought half the house I qualified for. I still have cloths form 20 years ago. I eat out two or maybe three times a month, don’t have cable TV (I do have internet … but don’t watch TV). Anyway - I am pretty sure I use the principles of this part of the learning already and I am happy that I have done so since 1995. I am free from most financial worries. I still work and save over 40% of my take home pay. Saving works folks.

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#1190

Good way to also calm your sleep. The practice can include telling yourself that since you have the items to do already written down, you can sleep and not worry about forgetting them. It is a good practice.

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#1191

Do it Chopper2017 … Cars loose value each year. Cheers!

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#1192
  1. In terms of generating money for retirement. I could convert an savings or an important sum of money into BTC ETH or ADA and have the discipline to leave it there for 10-20 years. Or I could day trade with 10x leverage and make money quickly and stressfully like a half-blind chimp.
    OR take a zero to hero online course in crypto, commit and go outside my comfort zone, educate my self instead over a year or so,instead of putting the money in stocks
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#1193

In terms of investing, I need to give more attention to long term investment goal versus short term gain return of investment. So far my longer term investment has done better than trading based on the short term market movement.

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#1194

study more. more knowledge

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#1195

I have started shifting the time I spend “online” from purely entertainment value to real value of knowledge. i.e. Ivan on Tech Academy for financial reasons, but also articles or videos that promote mental, physical and spiritual health. These are things that will, over time, have a lasting and rewarding influence rather than a quick laugh.

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#1196

spending less time on reading useless work emails, use the saved time on learning here or on quality family time.

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#1197

I can start working out alot more and seek instant gratification through the “high” i get from working out instead of the feeling i get from clicking the “add to cart” button. it would also build the self discipline muscle in me that i used to have strong.

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#1198

Depends on the car.
There are a multitude of cars that appreciate over time.
I would be looking to purchase a car as an investment.

#1199

Propose a change you could make to one of your habits, that would reduce your time preference from high (instant gratification) to low (delayed gratification) time preference. It could relate to any aspect of your life (financial, diet, exercise, relationships or education).

I used to spend for instance 500 baht each day for extra things i didn’t even needed like expensive coffee. Now i have been cutting my daily budged by 50% for 2 years and because of that i have managed to save a lot of money to invest on my stock portfolio.
ps. I still buy coffee only instead of lets say Starbucks i go to the 7 11 which is like 3 times cheaper.

#1200

Propose a change you could make to one of your habits, that would reduce your time preference from high (instant gratification) to low (delayed gratification) time preference. It could relate to any aspect of your life (financial, diet, exercise, relationships or education).

I have stopped using facebook a couple of years ago.
Getting likes from posts gives you an instant gratification, but the delayed gratification from meeting people in real life and have a conversation feels much better then some online chat.
Likewise lately I’ve been reducing the time I spend on games and more on reading and learning.
It gives an instant gratification to win some game, but knowledge I gain makes me feel better and lasts longer.

#1201

I could train running intervals to improve my running fitness in the long run…

#1202

My potential change is actually the one suggested in the article! Stop eating excessive and unnecessary food after I’ve done exercise, that way, the time I invest in sports doubles in value, since I’m improving my skills whilst losing more weight.

#1203

Instead of waking up and laying in bed for 45 min I could use that time to exercise in the morning giving me more time to study during my freetime

#1204

I could build and paint the plastic models that I buy. This would save me money in the long term by not paying someone else to do it and I would still get to play with them in the end.

#1205

Wow! That article just made me think about so much :roll_eyes: I gotta get it together…lol Well I propose that I can reconsider ordering out when I have food that I can cook. (Although its too late, I literally pressed send on grubhub right before reading the dang article.) I tell myself, “hey you just had a baby, your in class the babies sleep, you don’t want to cook” But the truth is I spent more than double what it would’ve cost had I gone to pick it up. So not only did I want it quickly, I wanted to not go and get it. If I do that twice a week that is $120 a month. Thanks for calling it out. Actively working on my reform. That $120 can be an investment in my sons future.

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#1206

spend less time playing online chess and more time on studying crypto…while playing chess is enjoyable, becoming a professional chess player is just not gonna happen…but building a career in crypto…well

#1207

Very interesting article. Is true that sometimes we complain on not having the perfect life, but actually we have a really good one. Having the life or body we desire comes with a lot of sacrifices to make, and the every day choices are the ones that will take us to our goals.
Right now, im working on changing my bad habit of being too much time on my phone talking, instead i should be learning something that will help me in the future.

#1208

it would be better if i could delay rewarding the children now with excessive gifts to reward them later with larger more secure investments by saving and or investing rather than spending