Bitcoin to 100K- When is Bitcoin Too Expensive To Buy?

Send us Fan MailWelcome. Season 2 Episode 9 of Not Me, But You! Podcast. We cover the concept of make it your goal to buy/hold assets. Why? Because that is what wealthy people do. Buying/holding assets allows people to benefit from the inevitable inflation that will occur. Use inflation to YOUR advantage by buying/holding assets. Which assets? Growth stocks/dividend stocks/Bitcoin. What are some growth stocks? Apple, Google, Microsoft, Costco, etc. What are dividend stocks? They are assets that pay you money on a schedule! Some pay monthly, some pay every 3 months. Either way, it's CASH FLOW. It's cash flowing TO you instead of AWAY from you(like when you buy things that are NOT assets). Cash flow is KING! Why? Because with cash flow, you can buy more growth stocks/Bitcoin with the "free money" you are getting in dividends. I use Charles Schwab for buying/selling stocks. I find their platform very user friendly and they have great customer service. Not a sponsor. I just like them a lot. I feel they value me as a customer and treat me well. When I have a question, I call them and I actually get to speak with live human being! Imagine that! And their employees are helpful and knowledgable. Time is your most valuable asset because you can only spend it once. What is retirement? When you have enough cash flow to pay all of your bills each month with money left over. That is when you, in effect, purchased all of your time back. Because when you're retired, you can choose to spend your time any way you wish. If you can't afford to "pay yourself first" with each paycheck then you probably need to restructure your budget. And you may only need to follow a budget for 4 years (maybe 8 years). After 8 years of both budgeting/buying assets,  you will likely be wealthy enough that you NEVER have to live on strict budget again! 44% of retired Americans are finding out they have to return to work. Why? Because their fixed income isn't enough cash flow to outpace the rate of inflation. We must invest in assets that provide a high enough rate of return so that we outpace inflation. That is the path to never ending wealth. For people who never figure this out, they will work until the day they die! This doesn't have to be you, if you build enough cash flow into your budget by buying/holding assets. Bitcoin is a cryptocurrency. But understand that Bitcoin is in a universe by itself. There is no other crypto like it. There is a limited supply of Bitcoin. There is only so much to go around. It's going to get more scarce(and expensive) as time goes on. Retrain your brain to think in 4 year cycles. Why? Because your life can be hugely improved in 4 years. Bitcoin runs in a 4 year cycle. It's volatile within that 4 years. But every 4 years, Bitcoin reaches a new All Time High price! That's why you should own some. Don't play the "look back game" with Bitcoin. What are some people saying today? If I only had the chance to buy Bitcoin when it was only $18,000/coin. But guess what people will say 4 or 5 years from today? That's right. If only I could have bought Bitcoin when it was only $100,000/coin. It's now 2028 or 2029 and one Bitcoin is $500,000. Don't play this look back game. It's silly. Go buy some assets! You will be glad you did, 4 years from today. Have courage today, to pick one thing, and work on your dreams. I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.