We arrived in Italy in the middle of winter, and needed to find a place that we could call home. Slowly we got acquainted with our little town of Domodossola, and found a place to stay. We chose this town in the north of Italy for two main reasons: it is in the mountains; and being on a international railway line, it facilitated easy travel into neighbouring Switzerland, the rest of Europe and of course Italy.
Three and a half months have passed, we are comfortably settled in our new home, but instead of travelling we are in lockdown. Perhaps you are also experiencing lockdown or it could be that it is about to start in your area. Regardless of where you find yourself, have you thought about the impact this will have on your life and the life of your family?
The financial world is in turmoil and the stock markets at an all time low. People are selling and losing the little they have in an attempt to get cash, then with that cash they go panic buying and buy enough toilet paper to last a few generations… The only explanation I can find is that they are literally ‘shitting’ themselves.
Don’t panic and be foolish, just relax and calm down. In terms of the COVID-19 virus, the best advice I have heard is the following: Do not change your behaviour to avoid being infected. Assume you are infected, and change your behaviour to avoid transmitting the virus.
What is the opportunity? You have the opportunity to slow down and think about how things can be different for you in the future, and most importantly how you can ‘be different’ from the rest of the herd. Realise that if the herd is headed in one direction, then you should definitely be going in the other direction. If the herd are selling at a loss and trying to convert everything to cash, then you should not be selling and rather look for alternatives that the rest of the world is not doing.
Traditionally people have placed their trust in banks and other financial systems. If you believe this to be true, then you need to familiarise yourself with a term known as ‘Bail In’, which effectively allows banks to keep your money so that they do not go bankrupt.
Some of the alternatives are Gold, Silver and Bitcoin, with Bitcoin showing signs of recovery quicker than Gold and Silver, and this could be the start of the decoupling of Bitcoin from the traditional markets. By owning Bitcoin you are certainly not part of the herd as less than 1% of the world currently owns Bitcoin. That definitely ticks the box of going in the opposite direction of the crowd.
Is there a financial alternative? Firstly we need to think about finances differently, many of us could never save in the past, simply because inflation was higher than any interest rate we could ever get. This caused us to consider credit and became trapped in that endless nightmare. So firstly it is important not to get into any unnecessary credit (in other words only get credit if it is the last resort).
Bitcoin is counter-inflationary, so spend this time getting more knowledge about Bitcoin and then find out more about investment opportunities like Mirror Trading International. Understand what they mean when they say you can grow your Bitcoin. Perhaps through this whole process you may discover you can actually start saving, even if it may seem like a small insignificant amount – like the amount you may have spent on take-aways for the family. It could just be that small sacrifice of not having a few take-outs that could lead to your financial freedom.
Did you ever imagine that being in lockdown could lead to you being financially free? MTI is an opportunity that can be taken from the comfort of your home, away from the virus, and without breaking any safety rules set up by the government in your country.
We have an opportunity to change and in this time we can walk a journey together that will benefit our future generations. Are you brave enough to ‘be different?’