How to retire using bitcoin 🍊
The most “viral” video I’ve had in a while.
I knew people would resonate with this type of analysis.
It just makes sense.
Discussion
I kinda knew this, but, yes a very succinct explanation of why getting off zero matters!
#btc #bitcoin #fiatsucks
Same for me.
I had an idea of what it would look like it my head but I was shocked when I actually put it on paper.
🤙
Loved it! Shared it with my family and hopefully it will get my parents off 0, thanks!
will put it in my playlist!!!!!!!!!!!!
💝💝💝💝
I'm on the same general wavelength, but people who own a building in Manhattan never sell any of it. They use the building as collateral on a giant loan, live off the loan, pay the interest with the rental income, then refinance it again.
I've never been rich, so don't really know how it all goes, but that is my current plan.
I have written some of it here
I think part of what's missing is that with this plan you seemingly have to keep selling small amounts to live off of. I think it's important to see that if you sell some, you need to use that money to buy revenue generating assets and live off that revenue - With your plan I don't see where the selling to Blackrock totally stops?
There is also the possibility that bitcoin keeps going up, in dollar terms, forever - similar to real estate.
In this scenario, you could take out a low interest low leverage loan for maybe a $million. Then 4 years later, when bitcoin has gone up by another 2x, you take out a $2million loan - and use a portion of the new loan to pay off the old loan.
Eventually the numbers get crazy, but maybe that does not matter or maybe that is why you buy some revenue generating assets.
Point is,
If you keep your bitcoin, you can keep using it as collateral.
If you sell your bitcoin, it is gone. You'll never get it back.
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