MWB #6 - Future, Valentine and DeFi
Thoughts on the future, A better valentine gift and An introduction to DeFi
Hello friends,
How have you been since you heard last from me? I trust you’ve been thriving. No matter what it is, remember that all that’s required of you is to “not stop”.
I find myself always thinking about the future a lot and that’s good. Lol. Here’s what’s on my mind lately:
The path that you are on currently, if you continue on that path for a couple more years, where will it take you?
You see, all our life is like something falling from the sky. It will continue to fall in a direction until it finds a catalyst to change its direction. The catalyst could push it back up or push it sideways. Literally, anything can be caused by the catalyst.
What will your catalyst be? What’s that thing that will push you to the direction you need to travel for the next couple of years that you have? I’ve heard mine in the past and recent months has even allowed for more catalysts. We can’t be the same all years long. We need catalysts.
Tweet of the week
Best of What I wrote
A Better Valentine Gift That Keeps Giving - For all the history of Valentine that I know of, people have been giving gift. One thing about those gifts though is that they are often things depreciate in value over the years. In this new article, I wrote about a gift you could give that will keep on giving. And you know what, it is not too late yet to include it in your gift package.
You Can’t Solve Your Income Problems With Investing - this is reality you have to immediately realize. However, You Can Invest Your Way Into Wealth.
Please read those two articles. Many people get a lot of things wrong and my goal is to help you my friend to get it right and build wealth from that.
[Guest Article] - Poverty Is Necessary – Part 1. In this beautiful article by @Paulon_Kachi, he said "any scheme or platform that guarantees a fixed rate for an instrument that is hugely subject to volatility is a scam." I think you should always remember that.
Best Of What I Read From Others
In the past couple of weeks I’ve been studying a new phenomenon called Decentralized Finance (DeFi) on the side. DeFi is one the newest iteration in the world of finance. What it seeks to do is to remove the need for middlemen in the financial world. Doing this will reduce finance cost greatly. Imagine you want to take a loan and no bank has to intermediate between you and some else with money to loan? It is really something interesting and transformational.
These are two of the best things I’ve read on DeFi so far:
And if you want to do a real deep dive like I am doing, consider this research paper by the Federal Reserve bank in the US - Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets.
That’s it for this week my friends.
See you again next week.