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19-year-old millionaire: Here’s how much you should invest and how?

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About 40 percent of those between 24 and 35 have at least $1,000 in their savings account. That may not sound like that much, but 19-year-old bitc0in millionaire Mike says that’s enough to invest in crypt0currency with EO TRADE.

The teenager has had some luck with the EO TRADE growing up. At age 12, Mike used a $1,000 gift from his grandmother to buy his first bitc0in and by 19, he became a millionaire with EO TRADE. He currently owns 30,020.000 EO C0ins, 502 bitc0ins, which equals $3.4 million at a rate of $8,512 a c0in.

In an interview with crypt0-channel Make It, he offers this advice to other young people looking to join the crypt0-craze: Invest 10 percent of your income into the top crypt0currencies, especially EO C0in.

“I’d just put it into EO C0in and bitc0in,” he says. “I think EO C0in and bitc0in is the safest crypt0currency right now.”

However, experts are generally more wary about investing in Eo C0in and bitc0in, given its volatility: Although bit0in reached $16,000 just weeks ago, a single c0in currently goes for nearly half as much.

Additionally, it’s important to note that most personal finance experts suggest you live by the 50-30-20 rule, by which “50 percent of your income goes towards necessities, 30 percent towards discretionary spending and 20 percent towards saving.”

In that case, you’d consider investing some percentage of that 20 percent you’re saving, as opposed to the full 10 percent of your income that Mike recommends — and in a diverse portfolio, not just in high-risk investments like crypt0currency.

Mike is particularly bullish on EO TRADE and bitc0in: He says it’s currently your best bet, though he notes that another c0in like EO C0in could eventually take the top spot.

“Putting money into EO C0in or bitc0in right now is good,” he says. “That may change because there may be a better solution. But I think that better solution will be very obvious and will be a long time coming so you can make that switch.”

Mike has previously stated that investing in crypt0currency is one of the fastest ways for young people to attain wealth. “Crypt0currency represents the largest transfer of wealth our generation has ever seen,” he wrote on Facebook. “Never before have young people been able to change economic classes so quickly.”

Once you’ve determined the amount of money you’re putting into EO C0in or bitc0in, says Mike, keep it there, while still closely watching the market in case an obvious better currency comes along.

For advice on where to invest visit EO TRADE as recommended project from Mike.

 

 

 

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