Tried explaining to a young guy trying to get into Airbnbs and RE the concept of synthetic dividends: How any asset can give you cashflow for yearly or monthly costs. Didn’t mention bitcoin at all.

Wasn’t much of a success. Too locked into the standard ‘Cashflow’ mantras that borderline scammers like Robert Kiosaki and Cody Sanchez promote. People still can’t grasp the concept of returns being the scoreboard at the end of the day.

For the 836495th time, we are still so early with Bitcoin.

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Website appears to be down. What's your preferred method of order?

Right here good sir 🫡🫡

https://pay.zaprite.com/order/od_3Y91Jt5dUK

Boomers were deceived by a devaluing dollar and went on to convince young people that real estate is an investment instead of what it really is: a slowly depreciating fixed asset. Bitcoin’s CAGR makes real estate look paltry

This is exactly it. Boomers have positively duped the younger generations.

And they can’t even comprehend Bitcoin’s CAGR being reality. It’s just ignored

In Kiyosaki's regular posts and stuff he tries to promote BTC too, and the same way you do he tries to teach that anything can be cash flow. But most people can't understand. Most people are NPCs and most of them can't understand abstract ideas. They tend to latch on to some simple concrete idea and hold on to that. It seems that heuristic could work well for most NPCs in hunting and gathering and farming. There will always be someone to be the authority the NPCs look up to and it's up to the good live players to engineer the authorities that program the NPCs and then program them to not just jump into the meat grinders.

Exactly it 🫡

What's a good resource to help me understand these concepts? I am a young luthier (musical instrument repair) and it has much potential to be a great career, but I also want to be able to utilize other income streams and increase my worth beyond what my labor alone can achieve.

That’s tough.

I’d personally recommend you focus on your craft. Live below your means. Save in bitcoin.

If you need to earn more, make yourself more valuable

It sounded like you were saying any asset (like the Bitcoin I am saving) could be used as more than savings, what does that mean? Also, I am working on my craft, including learning electrical engineering online so I can work on and design amplifiers.

Any excess cash you have gets put into bitcoin

There are so many people on the Internet promising people a plan to realize the dream of passive income. And their source of passive income is selling the plan. If they had actually accomplished anything, they wouldn't be out there hawking the passive income plan.

The siren song of the financial YouTuber is a strong one!