SoundMoneyMoves

@Dirtycups1111 Love the outside

From abandoned eyesore to this. It's how I'm able to stack my sats.

@GrahamCompton Roughly how much are you spending / month to live? I always think people begin to de-risk too early.

Broadly speaking, we stopped adding new money to the investment portfolio since we stopped trading time for money. At this point, the general advice is "de-risk", but our property portfolio does the heavy lifting for our spending. I might be weird, but I still see a market pull-back as an opportunity to buy the dip in our riskier assets by rebalancing from our core. Am I weird? How do you view market dips?

@v96809076 Would happily work longer days for a shorter week

I wish the working week was 4 days, trialing this in Denmark. Would you prefer it? Longer days but no Friday?

@1doddy83 @FrostyInvestorr For sure. Very much agree. I think this all boils down to what does “life changing mean for you” Will differ for all people based on their current lifestyle, wealth, expectations. £2m is pocket change for billionaires…

2m locked in will pay you 120k a year whilst kicking the tax down the road. It’s not life changing but it’s very good. Age comes into it and of course inflation. In some circumstances though you are the richest poor person in the room. Getting to 2m in the first place is the challenge

Is £250k life changing money. Be honest?

Fairs. I guess all depends on your supplemental income. In the context of the original post, is £250k (even if invested in its entirety) life changing, for me the answer would be no. Don’t get me wrong it’s a lot of money. Just not life changing. Even if you achieved a 10% return, is another £25k/year going to materially move the needle in terms of life style for you?

@SoundMoneyMoves @FrostyInvestorr I was just confused with your "would run out quickly" comment. Buying assets and using proceeds for life improvements make total sense.

@TheBTCKnight True. You really do only have one shot at this. The shot gets progressively harder to make.

@SoundMoneyMoves Hard now or impossible later

We are often defined by one decision in life. Bitcoin is mine. I’m okay with however it turns out. What is your one defining decision?

Almost all of it would be invested in growth assets. I would then use the income to pursue the hobbies. The big question is how much of it would you allocate to illiquid assets like homes. I do see the value in having a nice place to go home to, but they don’t exactly create an income

@SoundMoneyMoves @FrostyInvestorr But you'd spend it down rather than invest for the future?

@TheBTCKnight I think it will become clear in the next 10 years. Two more cycles. Absolutely hard now, going against the grain

@SoundMoneyMoves I think in 20 years we will be happy that we did all this. It’s hard now but glorious later.

@GrahamCompton @FrostyInvestorr I wouldn’t YOLO it on material items. Likely use it so I could pursue hobbies more aggressively

@SoundMoneyMoves @FrostyInvestorr Even if you kept your job and current lifestyle for a few years? Are you saying you would just spend it and YOLO?

@Connor973245 @FrostyInvestorr I guess not having to work again is life changing. For me personally, life changing is a stress free material improvement in life style.

@SoundMoneyMoves @FrostyInvestorr If it means I don't need to work anymore then yes it is.

@FrostyInvestorr @Connor973245 So if it essentially covers your living expenses, is it really life changing? Sounds like life maintaining money…

@Connor973245 @SoundMoneyMoves Fair enough mate

To anyone that has a full time job and is also trying to grow a following on X, all I can say is FairPlay. Epic levels of commitment on both sides. Huge respect! 🫡

@2147mill Do you have a full time job separately to the X account?

I did 173 replies yesterday. I'm committed to building this community.

@sats_freedom Nice. Think I will give it a go in the future for sure

@SoundMoneyMoves Not that hard. I used grok to help me set it up and troubleshoot any issues.

Buy bitcoin. Put it in cold storage. Run a node.

@financefraz @BoomerDivvies You’d be mad to buy a car on a credit card unless you planned to pay it off in full by the end of the month. Just get a bank loan at a much lower rate. All tactics!

@SoundMoneyMoves @BoomerDivvies Depends on the situation I believe, its also looked at negatively if you have high credit then suddenly buy a car for 20k on a credit card Difficult to judge, lenders can also see unused limit as a risk as well, sometimes hard to know whats right 🙈

What’s your credit limit on your main credit card? We’ve only switched to this card 6 months ago but they already upped our limit to $47,000. Seems excessive, since we have two other cards with $30k and $23k limits. That’s $100k, and they’re all from the same bank 🤯

@financefraz @BoomerDivvies The more unused credit the better, even in the UK. Lower utilisation rate the better your credit score. Always push for the highest credit limit possible.

@BoomerDivvies Are you able to decrease it in Canada? Not ideal in UK at least to have that much credit unused

@BoomerDivvies £25k limit on one and £15k limit on the other. Limits are barely touched, but I like having a low utilisation rate. Just make sure @DaveRamsey doesn’t see this post 😂

@FlippieFinance Worse still if you salary isn’t also climbing by 3%. Then you are really in the shit

At 3% inflation, $100K in cash loses roughly $3,000 of purchasing power every year. Doing nothing has a cost. What's your move?

Buy $VOO if you want to retire at 65 and stay married to the grind. Buy Bitcoin if you want to bring your freedom date forward. Escape velocity happens slowly with one and quickly with the other. Make your decisions accordingly.