I reverse-engineered Dave Ramsey's math today for someone making $80,000 per year.

Step 1: Save thousand fiat bucks. Use his famous debt-backed fiat paper cash envelope system or the master-slave electronic cash system with a debit card. Whatever you do, according to Dave, "DO NOT BUY BITCOIN."

Baby Step 2: Set a budget. Pay the minimum payments on all but one bill. Throw an extra $1,000 per month at the debt until you pay off your $100,000 + student loans.

Step 3: Save $20,000 in a fiat savings account that pays $

0.01% in case there's an emergency. By the way, "I don't have enough bitcoin," is not an emergency. Stay humble, stack savings account deposits.

Step 4: Buy a 15 year mortgage with a 20% down payment. $92,441.20. That's only

78,108,323 sats--Not even a whole coin.

Step 5: Buy A Mortgage. Woo hoo! AC breaks. There goes the emergency fund. Stay humble, stack savings deposits again. The interest rates on my mortgage are worse than those fucking student loans. I better door dash my ass off.

Baby Step 6:

Time to buy bitcoin yet? No. Stay humble, stack stonks. Wait, only like 3 of those things were worth more than bitcoin when I started paying my debt off. What the fuck? Seriously? Why did you say I should not buy bitcoin when a whole coin was less than one month's worth of my student loan payments?

Bitcoin is too VoLoTiLe.

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Spot on with the Ramsey take.

🤣 Thank you. I watched hia financial peace University videos in 2015, but noticed my bitcoin NGU was doing much better than the 12% returns he shilled.

Ironically, this helped me see bitcoin as a better alternative. I didn't know how to invest, but I could do poker math. I used my poker math instead of Dave Ramsey's advice. I wish I would have bought more, of course, just about everybody does.

$400 was like 25% of my monthly income back then, so it's not like I'm loaded, but I have hope. People think we all have 10X as much bitcoin as we actually do. They think it's hopeless because they can't get a whole coin. Sure. We all can't have a house on the beach either. That doesn't mean you should live in a tent.

If you have 21,000 sats, in 15 years, you will have more bitcoin than someone who gets lucky with a BitAxe.

The US National debt is at 37 trillion. The plan is to export inflation via stablecoins. Unless bitcoin breaks because of some advancement in math or some other technical disaster, how much will 21 million sats be worth? I don't know, but I don't think we are bullish enough. Forget about the fiat price. What will you be able to buy? How will that purchasing power improve your life?

Most of the early adopters were influenced by logos. We listen to Rothbard read by nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpzdmhxue69uhkzmr8duh82arcduhx7mn9qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxg8mv947 I love Bitcoin Audible, but normies will never hear his velvet voice.

I'm starting to write stuff that uses ethos to persuade people bitcoin is hope. Bitcoin is knowledge. With the knowlwdge of your private key comes great power.

That's what we need now, Hallmark movies about bitcoin. Tell somwone to read, Human Action and they want to punch you in the human face. Tell a story of a woman who falls in love with a man with freedom money, make them want to buy #bitcoin.

Step 1: Don’t take financial advice from a slack-jawed southerner who sounds like a pro wrestling promoter from the Memphis region.

Step 2: There is no Step 2.

When I was 7, my best friend's dad gave me this advice:

"Think for yourself, question authority."

He was a hippy, obviously. I found out this was a Timothy Leary quote when I heard ir on a Tool song. My mom's from northern California and I'm pretty sure my step grandmother smokes weed because I once found a bong in her Mill Valley home.

My wife's uncle was in the Brotherhood of Eternal Love. He invested in collectibles. The problem with thinking for yourself and queationing authority arises when the money is nothing but authority. The hippies tuned in and turned on, but they didn't have a viable way to drop out.

#Bitcoin gives you the power to drop out/opt out.

Not sure if it came from timothy leary originally, but in tool’s album recording for third eye it is actually bill hicks talking

Either way, great quote. Was just thinking of it earlier bc with ai we are suddenly much worse off in both “think for yourself” and “question authority” overall

Yes! Great song and great quote.

worked great in his day. he was probably told this playbook by his father.

Right. He likes to say he gives advice your grandmother would give.

That's great advice, based on sound money. That same advice doesn't work with the communist money the United States now uses.

yup his advice comes from regurgitation and lived experience and not from understanding. in a changing world his advise has been rug pulled

True.