Be honest, how many of you are going to pay off your mortgage if #bitcoin reaches a point where you can with a comfortable amount of coin left over? #plebchain
Discussion
Really would be a stupid move mathematically
everyone's situation is different. if I could not have to worry about working anymore and I could focus my productivity on things I actually want to build, I would absolutely clear all my debts. would always keep a nice reserve though.
The math dictates: accumulate fiat debt that is long-term and not mark to market and use it to acquire sats.
Sats appreciate and fiat debt gets cheaper to pay off through time. It is simple.
In just 10 years you can amplify your purchasing power massively by doing this as long as you’re still cash flow positive and can easily cover life costs + payments.
It makes absolutely no mathematical sense to sell sats for dollars now to pay off fiat debt unless it’s very high interest debt.
I’ve been debating on doing something like this. Credit card is offering 0% for 10 months almost seems like a no brainer
Absolutely makes sense. As long as you’re not over extended and have security on your cash flow it’s the move.
Exactly. Just make the monthly payments however you see fit. It's about net worth, not being out of debt.
It all boils down to not paying off debt denominated in a depreciation unit with savings that is denominated in an appreciating unit. Do the opposite! Plus the house will keep up with debasement more or less so it’s a double positive. The trends is frens
Was talking with spouse about this yesterday and decided to run the mortgage all the way to the end.
Dollar denominated mortgage is a depreciating liability. If your cash flow works why pay the mortgage?
Me!