No Debt For Frugals
Eyewitness of seeing people who become practicing frugal since the beginning never suffer from hand to mouth situation in life. Misers are not frugal, usually we mixup and can't define properly the meaning of frugal and miser. In my last blog on this topic I've discussed the difference so in this blog I'm not going to talk about all those things. Borrowing money is very common when someone is in need but make sure it not going to be a bad habit and you are not going to repeat it again and again.
Being frugal help a person not to be dependent on others and when others need help a frugal person will surely help but only if he/she has enough to spend for himself/herself. Who gives all the money like a fool? Yes I call them full who doesn’t care about their own expenses and help others and become needy. It obviously not wise.
Let's come to the solution. Crypto currency is a good investment plan for long term because sometimes it pump like we can earn double or triple profit though that's not guaranteed but if we can wait then we can expect something fruitful. If a frugal person wants to secure his/her financial status can invest some extra money by purchasing well reputed crypto coins. They only can invest as much they can afford to lose.
Personally I don't like people who take house loan, car loan and some other kind of loan because they have a decent income. Sometimes we become impatient and want everything earlier. But that's hardly possible without taking loans from the bank and many people sink into debt. A frugal person is wise enough and possibility involve in debt. But investing of crypto currency could be the best choice for frugal. Bank loans required security and also people need to pay interest even in installment but why a frugal person pay interest? Isn't it waste of money?
When as a frugal you are not ready to pay interest better you do not think about loans. If you are thinking about earn profit then crypto is the best. Follow crypto currency experts and learn which coin is best and potential and you should invest as much you can afford to lose. If you can wait then you have no option for losing money because when crypto will pump you can earn good money so better you invest when crypto is down and this is the best time to invest for a good amount of profit in near future. As a beginner you can earn your extra money like you keep in your bank account. Crypto is not only best for frugal but also best for all of us.
Please note, I'm not a financial expert but I'm a kind of frugal person who is earning crypto currency actively since 2020. Not such a long time but I've learn from experts in crypto and sometimes try my own research. I do not recommend any specific coin to choose for invest. I recommend crypto currency and coin would be potential one or has already good reputation in the market. Frugal person will love crypto as they don't like to be in debt and paying interest for loans. So be frugal, invest wisely on crypto, earn profit and say no to debt. Sounds simple and you can make it simple.