At what interest rate would you start to pay down the debt vs putting that extra $ into #bitcoin ?
#nostr #asknostr
Discussion
25%
In the long term, carry as much debt as you can. Btc outperforms interest and fees by a gigantic margin
Outside of mortgages there aren’t many forms of debt with a long period until they mature. We can’t all be like Saylor and borrow under 1% for 5+ years
Doesn’t matter, paying 30% is nothing compared to an asset that goes up 100% in a blink of an eye
If the debt matures in 5+ years sure, but if you took out a loan in November of 2021 and you had to pay it a year later then it’s not such a good deal
That’s not the problem of the loan right? That’s a human action… anyway, I stick to Robert Kiyosaki mentality lol borrow as much as humanly possible
All I’m saying is that the length of the loan matters, specially if you plan to buy bitcoin with that money.
Kiyosaki is mainly talking about mortgages and longer duration debt. He is not advising people to take out loans with double digit interest rates that mature in 12 months, especially if you have to put up collateral like normal people often times have to do