So buddy of mine get his contract terminated and gets about 1y worth of money. I'm meeting him tomorrow for a sit-down. You probably can imagine what my recommendation is, but I'm gonna keep my mouth shut. However, if he insists I will back him up one way or the other. I really really think this is a pivotal moment money wise. Any suggestions?
Discussion
It really depends on his financial situation and his 5-10 year goals are.
He dreams about a chicken venture at some point. He's really good at cooking. I wanted to surprise him next year but he took the deal earlier the expected.
Chicken as in supply or restaurant?
Restaurant. He's working on some recipes. I can't say more because The Colonel is watching. 😅
Cool. But... Geez. That's not what I'd do with my time or money these days, but, rock on.
Yeah, I know. Same but not everyone will be a bitcoiner tbh.
Eh, I don't think everyone needs to be a bitcoiner. (I'm not a BTC maxi.)
Food is hard to succeed with, especially with supply chains being intentionally pinched off for smaller buyers. Not saying he can't make a success of it, but that's not something I would do.
Ask him how he'll protect the value of that money from inflation. And he'll say stocks or real estate. And then you say, have fun staying poor, those things have not historically beaten average inflation ever (see The Fiat Standard). They only way to protect your wealth from fiat is to store it in something independent of its debasement. And the only thing that fits the bill is Bitcoin.
I've already knighted him with some sats. He knows about but was too chicken in the past claiming that bitcoin is just for the rich or something. Now he's got some capital on hand. Good advice, thanks!
I guess that thought process is kind of common. My sister claimed that "not everyone can just buy Bitcoin" as if it was some kind of privileged thing 😂
She ain't wrong tho. The gap is enormous! This is frightening a bit, seeing family members of bitcoiners still doubting the process. Maybe I'm to new to notice the patterns.
I don't really talk to many people about Bitcoin. Most people don't care or maybe just remember one or two times out popped up in the news or their feeds. Others fall for the FUD permanently and look for solace in the current system. And very few are brave enough to look outside the system and adopt Bitcoin and take a stance against everyone else.
Maybe that's what could be meant by, not everyone can just buy Bitcoin. Because of the psychological and social barriers to doing so. But I still just view it as a weak excuse to avoid taking action and responsibility.
If we agree that bitcoin is meritocracy, then me forcing my friend to get bitcoin might alter your friend which might be smarter than mine. Maybe there's the holdup. 😅
What do you mean you will back him up?
I mean offer support if he needs or asks in good faith.
Oh gotcha. Yeah be a friend but don’t give money or anything lol there was another nostr user that did that with one of his friends and it turned out horribly.
