Subnostr

So I'm a self employed freelancer and I underestimated how much I'd owe in taxes this year and I bought too much #Bitcoin ... I think I've decided not to sell any and just pay w my line of credit instead. (I think I can pay it off in 3 months, interest is 6%) I've been DCAing for a few years and if BTC went up to a million dollars tomorrow I won't be a millionaire if you catch my drift; I don't wanna part with a single sat!!

Not looking for financial advice on the internet, I promise... BUT just out of curiosity... WWYD?

Is there like a mathematical formula for these kinds of decisions?! 😂

Paul 2y ago

⚡️Zapped ⚡️

💜 Followed 💜

🙏 ₿oosted 🙏

🤙 #plebchain 🤙

Avoid paying interest if you can. If you can’t avoid it, view it as if your personal wealth is on 🔥, which it is - it’s burning away unless it is offset by incoming cash flow.

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emily 2y ago

Thanks Paul!!! ❤️‍🔥🙏🙏

I decided to do the line of credit ... but I actually already finished paying the whole thing back, just yesterday! Maybe it's just in my slightly-more-anxious-than-healthy nature to view my personal wealth as being on 🔥. Gotta love the unpredictable and often delayed paychecks that come w the freedom of my self employment... haha. I'll def try to avoid it going forward, it was just not worth the stress haha! And it's definitely not worth having to do math haha.

Now with my leftovers, I have to buy some MORE btc (going to El Salvador next week!!!)

Thanks for the zap, friend! Followed you back 🙂

🫂 #plebchain ⚡️