What are the benefits of being debt free?
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Discussion
BEING A BITCOINER IS ONE THING BEING DENT FREE BITCOINER IS THE WAY 🚀
We worked our ass off and saved/budgeted like wizards to pay our house off to become debt free in our 30s. Bitcoin probably took me an extra month or two to grok due to Dave Ramsey programming. Luckily ripped that band off in the end of 2020
Depending on your goals and how disciplined you are. Taking on debt maybe a better option if you are already debt free
Nothing like stacking #Bitcoin with a low % interest rate on a HLOC
If you are not debt free
Pay your high credit cards off and dispose of them
Only hold good debt that outpaces inflation
Spend less then you make
Sweep the rest in Bitcoin
Borrow against your #btc and buy more BTC
Stack forever and let price appreciation of your collateral roll over and de value your debt.
Basically, be nostr:nprofile1qqs2xs05tluhtr6hpgsmqqxp04898gayjlyrjlexcrndv8j6el784xqpp3mhxue69uhkyunz9e5k7qg4waehxw309ajkgetw9ehx7um5wghxcctwvs0vd8n5 but for your family and yourself.
If your putting shit on credit cards every month. Start there that has to end.
Credit works well in certain cases, I agree there, eg in real estate, and when comparing Bitcoin as the hurdle rate, the benefits of some leverage are clear
I do however like the general message of being debt-free
being debt-free hits different mentally , no alarms at 3am about payments, just pure freedom to tell any employer/banker to f off if you want. that psychological alpha is worth some trade-offs imho. plus once you’re sitting on a fat stack of corn unencumbered, 21m hard cap does the heavy lifting vs chasing leverage & liquidation points.
No debt
One less thing to think about.
We tend to work to cover our upcoming bills, but if we don't have any, we can focus on writing books, or relaxing, and now, being parents.
Debt would be another bill we'd need to try to cover, another thing that would take our time and attention away from what we want to do.
I'm a serious fan of being debt free! I wish there was a way to have free internet and phone too, but we've reduced all possible bills to zero, and it's great!
LOVE SEEING YOU ACTIVE ON NOSTR MY MAN 👊🏻 ...
NOSTR HAD CHANGED MY LIFE SO MUCH ( SOCIALLY ) ALOT OF GREAT INDIVIDUALS HERE IN THIS SPACE..