100 sats \ 12 replies \ @carlosfandango 9 Sep 2023 \ parent \ on: Daily discussion thread
Thanks for the share. I’ll look into them. If you can tolerate your job and stack why not stick it out?
In another life I followed financial markets pretty closely and the advice of a group on an investment forum called ‘The Motley Fool’. Put what you can into a tax efficient - in the UK at that time there were some good options - but most importantly a low cost fund; index trackers being preferred. Reinvest your dividends until you need them and then drawdown. I did very well off this advice although the compounding is missing from BTC, somewhat replaced by the exponential growth. Sadly for me I suffered a personal tragedy and have had to start again.
These days I work minimum wage and save $1 a day into my BTC pot. Will it give me enough to retire early? Probably not at this rate lol! But I’m studying and I have some skills so I will get back into a decent job and invest again - only BTC this time. Small steps.
I think my favourite blog is Jacob's ERE, although it's quite hardcore:
Was it you who said they were studying Economics, Philosophy and Politics? You always struck me as a pretty switched-on guy, I'm sure you can turn things around.
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Kind of you to say. That’s my subject. I’m assuming we are in a similar geographic location in the world so you may appreciate there are opportunities out there, but you really have to work for them.
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Indeed, it's rough out there. Especially if you're outside the southeast.
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Yeah
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Yeah! MMM has written some great articles (my favourites are about bikes).
He's rather against Bitcoin and has unfortunately written some pretty braindead takes on it, and I feel like he's gotten way softer in frugality over recent years. But his older articles are gems.
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Ah yes, THAT article...
I first heard of Bitcoin during the 2017 bullrun, then read MMM's article and wrote it off as a scam way up until 2020!
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I read some of their articles a few years ago but didn't dig too deep into the FIRA concept.
One thing I am experimenting with for myself is something called Geoarbitrage: for example, earning a strong currency but spending weaker ones, I wrote one piece about it one year ago. But I think I need to update it with some Bitcoin fun.
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Yes Jacob's book is quite cool, it mostly rehashes content you'd find on his website though.
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