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130 sats \ 9 replies \ @Enemy_of_the_state 15 Jul \ on: How do you organize your finances between fiat and Bitcoin? AskSN
100% direct deposit to bitcoin on strike, as much low interest debt as possible (mortgage + heloc,) negative bank balance with overdraft protection. Pay all bills possible with credit cards for free 30 day loan, then pay those bills with automatic bill pay from bitcoin strike balance.
In a nutshell, the largest fiat debt that makes sense and 100% bitcoin.
So, your money (salary, earnings, extra money from something else) is sent directly to Strike, and you pay your mortgages and loans in Bitcoin from there (Strike)???
So, if I understand correctly, by keeping that money in Bitcoin, it appreciates in value, and your mortgage will feel less valuable over time. Would that be the case?
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Yes…I used to keep enough in fiat to pay bills, but now I don’t keep any fiat, and get an extra 30 days of bitcoin appreciation before converting.
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Interesting, yesterday I was thinking about what you mentioned, I'm going to see if it's feasible here in Brazil.
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LFG!
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I went to create an account on Strike and you have to do KYC... I didn't see it as a good idea.
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Most countries you have to KYC to have a bank account. Strike is tied to a bank to enable fiat conversions and bill pay. Best way for privacy is to create a company or LLC, and have accounts in the business name instead of your own. (Not sure if Strike offers biz accounts though, just banking in general)
Obviously if you can get paid directly in bitcoin and not pay taxes, that is the best situation, but most people are working for fiat. Don’t let perfect be the enemy of good.
LFG!
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