Nostr Web Client

If you are debt free, like completely, you probably won't make as much money as you otherwise could have. Not investing in long term projects is high time preference.

You would be remissed to not take a loan on a long term project that was under the feds rate. If it's a productive endeavor, and you don't take on good debt to achieve it, you're throwing money away.

But no one on financial audit has good debt. The fiat mindset is pervasive, and Caleb's show is the best example.

TKay 5mo ago 💬 2

You can crowd fund good ideas “sell shares”. No need to take a loan.

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 5mo ago

private shares are a thing, it's a type of business contract. usually needs a notary to witness so the buyers have recourse. the proper name is "private equity" and it's an interesting form of law that exists outside of government jurisdiction (mostly).

OceanSlim 5mo ago

Tell that to any startup business or venture capital...

And if you want to buy a house, you are going to have to take a loan.

Home ownership is one of the best wealth builders in the country.

The Daniel 🖖 5mo ago

Isn’t that how ICOs happened, except they were crowdfunding bad ideas?