Happy Sunday everyone!
Substack is giving me a headache with the whole Twitter thing as it doesn’t preview the embed versions on the tweets so I’m going to switch on my next post and do it through Beehiiv.
Also, last week I sent out my post on Monday instead of Sunday and it was my worst-performing one. I’ll make sure I post every Sunday, or probably push them for Fridays so more people have time to read during the weekends.
That’s it from me, hope you enjoy the read!
Contents
Grow your mindset: Seek for wealth, not status
Wealth and money are completely different things.
Wealth is assets that earn as you sleep. Wealth is software that generates income while you aren’t working.
The reason why wealth is so important is that it buys you freedom. And freedom means that you don’t have to wake up at 7 every day to rush to work.
The purpose of wealth is not jets, fancy cars and expensive watches.
The purpose of wealth is freedom.
On the other hand, money is just the way we transfer wealth. Think of it as a social credit.
Now there are 2 games. Wealth and Status.
The greatest difference between the two is that one is a positive-sum game while the other one is a zero-sum game.
Everyone can be wealthy. Everyone can have a house. Just because I build a house doesn't mean that others can’t build theirs.
Status is a zero-sum game. Status is your ranking in the social hierarchy.
It’s a ladder. If you go up one place, someone else gets below you.
Both games are needed in order to have a well-functioning society but we’re in an era where the majority of people are solely focused on status games.
In order to win a status game, you need to put someone else down, that’s why you should avoid status games.
Instead playing the wealth game could prove a better idea. How can you win?
Get better every day.
The better you get, the more valuable you are to society, and the more valuable you become, the more social credits society will offer you.
NFT News Report
Memecoins’ week
Last week we had plenty of meme coins pumping. First $PEPE then other coins like $CHAD, $WOJACK, $COPE, and many more did multiple Xs but as the week closes most of them are back to zero.
Only $PEPE still manages to hold so high, while today it hit another ATH.
There are only 10,000 NFT active wallets
The chart above shows the daily NFT buyers/sellers and it’s declining massively.
That might be cause of the meme coin era but still, this chart looks awful.
I’d recommend you really cautious with your investments when it comes to NFTs and always play with money you can afford to lose.