TK CTV on Nostr: Yes pups article is a good start. The point is to pay the credit off in full each ...
Yes pups article is a good start. The point is to pay the credit off in full each month so you dont accrue the interest at all. So youre using a interest free revolving 30 day credit line to be your dollar float instead of balancing your paycheck and buying the rest of your value into btc.
With this your entire weekly/biweekly/monthly pay is fully exposed to bitcoin at all times. Plus any time your selling youre only getting dinged on any captial gains. So if you bought $100 in bitcoin and it went to $110 by the time you sold youre only taxed on the $10. Then youre only selling 1 a month to cover your rent/mortgage/credit line and rinse and repeat. Id definitely suggest having a good chunk of btc in cold storage maybe 3 months worth set aside to be able to pull from to be able to weather some drawdowns of sorts that happen.
But mostly im just tired of feeding the machine and want to prove to myself that living like this is possible. jack mallers (nprofile…5cfd) motivated me listening to money matters. Be the change you want to see in the world. If not me then who?
With this your entire weekly/biweekly/monthly pay is fully exposed to bitcoin at all times. Plus any time your selling youre only getting dinged on any captial gains. So if you bought $100 in bitcoin and it went to $110 by the time you sold youre only taxed on the $10. Then youre only selling 1 a month to cover your rent/mortgage/credit line and rinse and repeat. Id definitely suggest having a good chunk of btc in cold storage maybe 3 months worth set aside to be able to pull from to be able to weather some drawdowns of sorts that happen.
But mostly im just tired of feeding the machine and want to prove to myself that living like this is possible. jack mallers (nprofile…5cfd) motivated me listening to money matters. Be the change you want to see in the world. If not me then who?