I woke up to find a negative bank account.
Today I got an email from Paypal:
I once again depleted my bank account. Yet I asked myself why was this?
Why could I not afford to pay $6.66?
Throughout high school, I rarely worked for the sake of earning money. If monetary gain was tied with a project, that would be a bonus I could reinvest into software, domains, hosting, film equipment, or food.
However, the value was always less in the money itself and more in how such a project could benefit me long term — increasing abilities, learning new skills, acquiring specific knowledge.
I always thought that earning now cuts earnings in the future as there are an opportunity cost and the law of diminishing returns applies.
However, recently I’ve challenged that assumption through learning to invest in crypto and the stock market and becoming a young adult.
Over the past few months, I’ve been focusing on working on my University Applications, grinding essay after essay, while also investing $1000 of savings into stocks and cryptocurrencies.
Although my portfolio grew, at the same time my money shrunk.
