If liabilities eat up our resources, then assets are something that feed us. In the context of money that’s usually in the form of cash returns or capital gain.

I shared a pre-mainnet crypto called Pi with my friend Karen. In return, sometime later, she forwarded me a referral link to the Finder App that gave us both $10 of BTC (bitcoin) as a referral incentive. I then forwarded that on to a bunch of my friends.

One of the people I sent it to said she had an account but had no idea what to do so I shared with her this 5 step Asset Strategy.

1. Buy a $ amount you can afford to lose if it drops to zero

2. Choose top 3, 5, or 10

3. Buy

4. Hold for as long as it takes for this space to evolve until the winners become clear (probs 20 years for crypto, LOL)

5. Repeat, with shares, real estate or anything else that goes up in value over time.

As a general strategy, it will seem very conservative when view a stable asset class like real estate (and will need some amendments), but in the context of something as volatile as crypto or start ups, or option trading, its necessary to keep ones head screwed on straight.

Still being ‘okay’ if the entire position drops to zero can help provide some of that strength of rationality.