Small choices can lead to big gains.

Making good choices.

Everything that we do in life comes down to choices. These can be big or small choices and might even seem insignificant at the time but decision that we make on a daily basis has the opportunity to change our lives forever.

Turning left instead of right on a street could be the reason that you meet a new person, a person that might set you on a new career or opportunity. One choice can lead to a new conversation, that leads to new knowledge, that leads to new opportunities.

That is why it is important to make your life choices with the end goal in mind. If you want to be rich then your choices should reflect that. If you want to buy your own house then the choices you make should steer you towards that path.

What do I mean by that?

Let's take the house for example.

To buy your own house in this country you will need certain things.

• A deposit
• Savings history
• Certain level of income
• Personal documents.
• Or a lot of cash....

Either way you will need to accumulate a certain amount of money and be able to prove your ability to pay for the house over time.

If this is your goal then you need to make the choices that will lead you there.

In my case, when that time came then I had to make some changes to have all of these parts in place.

The first thing to do was to start saving $600 a month form my wages to create a savings history and to have the deposit.

This is never easy in a middle of the road job while paying bills and rent at the same time. I was doing it by myself and had to make the conscious decision that a house was the priority. Rent is a huge waste of money so this was a case of short term pain for a couple of years to lead to a long term gain for the rest of my life. Long term mentality is hugely important for being successful.

Unfortunately this required sacrifices to reach my goal so for those couple of years every choice came down to can I afford this while saving for my house?

The trick for me was to take out that $600 automatically on the first of every month and then when rent and bills were payed I had a budget for the rest of that month. From there every choice was a case of whether this will fit into my budget. Obviously not everything did but every one of those times that I didn't get something outside of the budget, it was a step closer to my final goal of buying that house.

I didn't have to sacrifice everything but choices had to be made.

Did I really need that new pair of shoes and was it worth taking money from my house savings to do it?

Do I really need to put away $600 this moth or can I just splurge and treat myself for this one time?

Of course I could but that moves you further away from the end goal and breaks your good habits which are a lot harder to get back than to maintain.

Long term mentality.

A lot of people think that making a quick buck is winning in life. That however is very short term thinking and won't get you very far. A better mentality is seeing how to make that quick buck become more over time.

This won't happen by spending it on a new pair of shoes and thinking that it is a good result. This comes from spotting the opportunity that can make you an few bucks and turning that into passive income. Compound a good result into a great result by making your money work for you.

In the case of buying a house I was paying $500 a month to rent a room in an apartment. That is $6k burnt every year that i stayed in that situation. Now by buying my previous house i had to put a lot of money up front and get a big loan which costs $700 a month. Some people actually see that and think it's a bad idea. That you have to pay more every month.

The reality is that I will be selling my first house next year. This will be 5 years of saved rent which is $30k. Money cleared off the balance $25K. House has gone up in value from holding it and and upgrading it. $40k, Roughly.

Cost to buy of around $6k and spend to fix it up of $10k. Interest payments of $15K. Cost to sell $5k.

This still means that after just 5 years while I have been paying more than I would renting a room. I have had a full house and large ground to myself while finishing up about $60k better off than by paying rent and wasting that money.

That is a long term gain and how you become better off for a long period of time. I could have stayed paying rent and have more money month to month but by investing and making it work for me I have a lot more money after 5 years by spending more.

Approach the crypto game in the exact same way.

It's not about making a thousands bucks by selling a coin right now. It's about making 50k over the next few years by growing and investing those tokens for a higher profit in the future.

Plan long term and act accordingly.

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