168 sats \ 5 replies \ @BlokchainB 27 Feb \ on: Stacker Saloon
Paying off debt instead of buying bitcoin is my attempt at staying humble and increasing my resiliency so I never have to sell personal cold storage sats to pay any fiat bill!
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316 sats \ 4 replies \ @siggy47 27 Feb
Just remember, if you can swing it keep existing long term fiat debt. The shit is depreciating so fast that the real cost of your debt is dropping every year, and there's more left each month for bitcoin. Oh, and the Sabres suck.
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125 sats \ 3 replies \ @BlokchainB 27 Feb
Mind changed. Just the advice I needed to refocus. I can cover the payments with ease and the interest rates are very low. I just like the mindset of being debt free. But hold sats for now.
Yeah we do. Season been a big disappointment.
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206 sats \ 2 replies \ @siggy47 27 Feb freebie
I'm glad to hear it. I don't want to get too conspiratorial here, but I don't think it's an accident that we all grow up with this "debt is bad" and somehow a moral failure thing. I know it can be dangerous and it needs to be controlled, but governments and the really rich always have lots of debt. They love spending OPM (other people's money).
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125 sats \ 1 reply \ @BlokchainB 27 Feb
Yeah this is true. Thanks for the clarity. I recent had a nice windfall of fiat and I was stuck on what I should do with it. Pay debt, buy Bitcoin, stay in high yield savings? Round and round my mind went.
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50 sats \ 0 replies \ @siggy47 27 Feb
I have been there many times.
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