Replying to Avatar Laser

Laser's house financial rules. 💰

1. We keep everything in #Bitcoin.

2. We put expenses on fiat credit, which gets settled once a month with #Bitcoin.

3. We never plan purchases as a whole, including housing/vehicles/vacations, etc, that would in result in total consumption threatening 5% of purchasing power.

4. What stranded fiat we do have (401k/roth/IRA/HSA/etc) goes into $MSTR until we figure out how to exit it into #Bitcoin.

5. We expand our stash of unregistered sats in any and all creative ways. We never repatriate unregister sats into the fiat economy.

It's not perfect, but it works for us. 🌴
ee
eee8f902... 1y ago

Can you explain 3? Maybe I'm being dumb but I don't get what you mean

Reply to this note

Please Login to reply.

Discussion

Avatar
Laser 1y ago

I simply look at the aggregate of liabilities (homes, vehicles, vacations) on my balance sheet and make sure that it never surpasses 5% of savings.

This keeps my household levels. We always live well within our means, and we never give up financial security for stuff.

18
Deleted Account 1y ago

Such good advice. Living within our means is a powerful approach to accelerating stacking. I like your 5% of purchasing power framework

ee
eee8f902... 1y ago

Appreciate the clarification. And 5 - unregistered=nonKYC "misc sats" ?

Avatar
Laser 1y ago

That's right, I prefer the term 'unregistered sats' to NoKYC.