Hello everyone,
Most of my life my eyes were closed to money and the effects that it can have in life. I used to think that working a decent job and saving would get me things that I wanted like a place of my own, wife all that stuff but I am almost halfway through 30 and because of constant rising costs and me not taking life seriously I cant seem to take that next step of an apartment long term with my own car for transportation.
I am awake now though, thanks to Bitcoin. I have enough BTC that I consider my "savings" for at least 10 years down the road. I know that eventually this will give me the capital for all the things mentioned above, but I dont have 10 years to wait around. I need to maneuver in the Fiat world and make these moves happen.
What are some of the best ways to attain property and transportation? Do I simply get a credit card, build credit and use credit to purchase assets?
Any advice is much appreciated. I wrote this while at work so I hope it all makes sense.
Stay away from debt. This is an important rule. Debt is for slaves. Stop using fiat money in any form or shape. Simplify your life. Why do you live a complicated life?
Satoshi created Bitcoin EXACTLY to avoid all these practices and make people think and start SAVING MONEY for later, instead of borrowing more than they can afford. Many will say that this is against advancing in technology and building more new stuff. But I am coming and ask: what are you need for your daily life, basics, to live a simple and healthy life? The answer is simple: energy, food, shelter. So why are we not concentrated into that only?
Why do we need 2-3 cars/ family, why do we need 2-3 houses /family, why do we need 2-3 phones/individual, why do we need to buy stuff and food that we really don’t need it and so on…? We are living in a world full of unnecessary stuff, just for the sake of consumerism.
Bitcoin is changing the mentality of consumerism into mentality of savings. Save today for having tomorrow enough to buy the stuff you really need it. Don’t stretch you legs more than the duvet.
This is a special chapter in Bitcoin economy. There’s a lot of controversy about these practices. And all comes from GREED.
Here you have a very good explanation of how this financial market DeFi works, to have a good view about the mechanism.
But let’s dive a bit more into this aspect and see what Bitcoin can do, or is trying to do.
Greed is a characteristic of human behaviour that could not be erradicated, but at least controlled at a low level. Each wo/man have a desire and attraction to “have more”, it is in our genes to desire more even if we can’t afford it with what we have or can do. And this come from long time ago, from the deep human history. But in the last century it was accelerated and even became a “religion”. People will do whatever they can to get more stuff, even no-necessity/util stuff, just hoarding so others don’t. and this greed was creating a huge system of lending/borrowing of money that people do not have and even cannot create, perpetuating a forever debt. Practically we are living in a debt slavery world. People are buying all kind of stuff, with money that they do not have it.
Bitcoin come to fix this paradigm. You cannot spend more bitcoins than you have in your own control. It cannot be created more than 21 Millions. FOREVER.
So what “smart guys” are doing now? EXACTLY what banksters did in the 17th century: offering to those gold owners, a place to deposit their valuable gold coins, into a bank vault, in exchange for a piece of paper, an IOU of x amount of gold. Now they are offering digital platforms for Bitcoin owners, to lend their BTC for a % of interest. But nobody ask: “from where is coming this %of BTC interest, if will not be created more BTC?”.
Michael Saylor say it very clear: he will buy all bitcoins available, will HODL them and later will lend them as collateral to all poor guys that today do not want Bitcoin. In plain sight you have the banksters and billionaires plan: to enslave you again in debt. If you still do not understand that, means that humanity deserve to be forever enslaved by few…
To sustain this aspect, please watch these two amazing videos (one is a Spanish movie about a guy that won the lottery and one is an animated documentary about debt). Both documentaries are a must watch.
Concursante – Spanish movie (EN subs), with a guy that won the lottery but he entered into total debt, just because of the evil system.
The American Dream – animated documentary about how the american dream is actually a debt nightmare.
Here is a bonus: I dare you flyer And live in the Bitcoin circular economy:
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