Nostr Web Client

I think my friend just invested in property cos everyone else was and thats fair as long as things stayed the same but they change and he stopped giving a fuck and relearning more. He also only trusts shit if its done by many many other people or is the norm.

Lodi Lender 1y ago

any investment made "because everyone else is" is likely a bad investment where you've missed most of the upside

Replying to

vincenzzo

How was it that you 'saw the light' so to speak of BTC? Fundamentally I think it comes down to people who are able to think for themselves as opposed to relying on the herd for their decision making.

Lodi Lender 1y ago

I've always been heavily into value investing and Warren Buffett. I think I came to realize BTC was wildly undervalued and have been digging deeper and learning everything I can about it since.

Lodi Lender 1y ago

a little BTC and a little lead go a long way 🤘🏼😎🤘🏼 as much as I love to shoot there is nothing more therapeutic than some good music and cleaning up afterward

Replying to

Mandrik

The true reason I left corporate America to bake baklava & clean toilets for Bitcoin was taxes. I don't talk about this often, but maybe I should.

I felt sick looking at my paycheck and seeing taxes deducted. I was angry about all the endless wars waged by the US gov via fiat currency.

I found happiness in a life earning much less, paying basically no taxes. I could be *much* wealthier today, but it would come at too great an expense.

Anyone else relate to this autistic as fuck way of living?

Lodi Lender 1y ago

while I completely understand the sentiment you don't have to sacrifice high pay.

this is why I preach so heavily about coupling BTC with real estate. I don't say this to brag at all but rather to help others. My wife and I are considered high earners for our ages and yet we pay almost no taxes. I would encourage anyone reading this to learn the tax game. It's an incentive structure with basic rules. They tax alcohol, tobacco, gasoline heavily etc because they want to incentive less of it. On the other hand they subsidize real estate entrepreneurship etc. My depreciation (phantom expense) wipes out most of our tax bill which enables us to make more and save the would be taxes and stack a ton more BTC.

just my 10¢ for what they're worth

Replying to

Lodi Lender

https://open.spotify.com/episode/7vHfOoWgFXTNQGftHpYPPQ?si=Bu2I_cZ-S3KhOTgO1XsrGQ

another really good episode by @preston

Very rare that I find myself disagreeing with you @Preston but while I thought your analysis of the cost of a house/BTC vs USD was very interesting in that home prices fell relative to BTC, I also found myself disagreeing with some of the other analysis of real estate done.

Full disclosure, I work full time in real estate and my personal networth is 90% real estate and 10% BTC.

My disagreements are:

1) BTC will never replace real estate as a store of value nor is it a better store of value (at least in current system and in my opinion, reality). Real estate provides cash flow, tax benefits, and principal increase via debt/loan pay down. The cash flow alone makes it a more valuable asset than BTC for some people depending on their financial situation. Also tangibly owning land will always have value. While each serves a purpose, it is hard to compare BTC to real estate because the operate differently and solve different things for different people

2) Even the developer mentions that he is continuing to develop real estate because it is the better tool for growing and accumulating wealth because it is infinitely more dynamic and allows for more levers to pull.

Where I do think he hits the nail on the head is in supplementing real estate cash flows with BTC and using BTC in tandem as a savings account for CAPEX/maintenance reserves. Just my personal/professional thoughts and I'm just hoping to spark some interesting discussions 👍🏼

Overall, obviously love the show and never miss an episode haha