Welcome to Personal Finance \ stacker news ~Personal

7088 sats \ 25k boost \ 36 comments \ @boisechampion 20 Dec 2023 Personal_Finance

Welcome,

I am so stoked to be starting this forum. I am working on a big post about all my personal finance wins over the years that I think would be helpful to share.

In the meantime, the description had a character limit. So here are some topic discussions

-Bitcoin financial planning -Budgeting methods and systems -FIRE -Cash flow -Identifying and avoiding sacred cows -Taxes -Deflationary lifestyles -Couples building businesses together -Land acquisition -Paying off debt -Cost benefit analysis -Insurance -Sats flow -Spot financial propaganda -Legacy planning and decision making -Skill acquisition -Starting/grow a business

Bitcoiner's offer useful and rare ways of thinking around the topic of money, it's time to start sharing in one unified place.

view all related items

395 sats \ 1 reply \ @kr 20 Dec 2023

thanks for starting this one!

0 sats \ 0 replies \ @boisechampion OP 21 Dec 2023

Heck yeah. I’m stoked!

246 sats \ 2 replies \ @WeAreAllSatoshi 21 Dec 2023

Tongue-in-cheek comment incoming

From a personal finance perspective, is it a good idea to spend 100,000 sats per month on a SN territory? :)

90 sats \ 1 reply \ @boisechampion OP 21 Dec 2023

When you make as much money as I do 100k sats is nothing and the value of building personal networks far exceeds 100k sats. Connections is the highest form of value so I’ll make this trade every day.

401 sats \ 0 replies \ @WeAreAllSatoshi 21 Dec 2023

Well then.

Good on you, keep it up!

183 sats \ 0 replies \ @marinmirna47 21 Dec 2023 freebie

Hola me gustaria estar informada sobre el foro parece ser muy completo

221 sats \ 2 replies \ @brainharrington 20 Dec 2023 freebie

boom, literally made a stacker news account for the first time because of this post

0 sats \ 0 replies \ @BlokchainB 21 Dec 2023

Welcome!!

0 sats \ 0 replies \ @nemo 21 Dec 2023

deleted by author

32 sats \ 0 replies \ @0xbitcoiner 20 Dec 2023

10 sats \ 1 reply \ @ladyluck 21 Dec 2023

An important Forum/territory to engage with

0 sats \ 0 replies \ @boisechampion OP 21 Dec 2023

That’s how big of a newb I was to Stacker. I didn’t even know they were called Territories instead of the traditional forums. I’ll have to change the description

10 sats \ 2 replies \ @brave 21 Dec 2023

Great forum that might liberate a lot of us here, so go ahead

0 sats \ 1 reply \ @boisechampion OP 21 Dec 2023

What do you mean? From other forums that didn’t match?

0 sats \ 0 replies \ @brave 21 Dec 2023

liberate people knowing how to set up their personal finance

0 sats \ 0 replies \ @itsrealfake 21 Dec 2023

I'm here for it.

0 sats \ 1 reply \ @gmd 20 Dec 2023

Nice! Hopefully this will be open to discussions about traditional investing without being derided for being fiat mentality...

99 sats \ 0 replies \ @boisechampion OP 20 Dec 2023

I'm open to traditional investing as long as it makes sense. I've been investing with https://gosteward.com/ and it's been a phenomenal experience.

0 sats \ 1 reply \ @south_korea_ln 20 Dec 2023

As a realtor, do you believe in the housing market as a store of value?

315 sats \ 0 replies \ @boisechampion OP 20 Dec 2023

I believe it has been a store of value the last 40 years but won’t be in the future.

I’d like to say because of Bitcoin but that isn’t the biggest reason in my opinion.

I believe real estate in the most broad way will continue to go sideways or trend upwards for the next 10 years. We still have a hoard of millennials to enter their peak buying years.

After 10-15 years from now I could see a complete collapse due to Boomers dying en masse.

People seem to think that the millennials will keep the boomer mansions, 2nd home, rental portfolio. I’ve personally never seen it. Me and all of my colleagues see the same exact thing. Parents die and they immediately want to liquidate any and all real estate for USD.

Hard to know so take my fun prediction with a grain of salt.

0 sats \ 1 reply \ @Undisciplined 20 Dec 2023

This is a great new territory. I'm excited to see what people contribute.

0 sats \ 0 replies \ @boisechampion OP 20 Dec 2023

Thank you, I'm stoked!

0 sats \ 1 reply \ @duuv 20 Dec 2023

Great topics!

0 sats \ 0 replies \ @boisechampion OP 20 Dec 2023

Thank you!

0 sats \ 1 reply \ @BlokchainB 20 Dec 2023

Yeah I got some debt questions I am curious to see how SN would tackle it.

0 sats \ 0 replies \ @boisechampion OP 20 Dec 2023

Make a post! That’s what this forum is for.

0 sats \ 1 reply \ @TNStacker 20 Dec 2023

Nice territory to start!

0 sats \ 0 replies \ @boisechampion OP 20 Dec 2023

Thank you. I'm so stoked!

0 sats \ 7 replies \ @Eobard 20 Dec 2023

deleted by author

0 sats \ 0 replies \ @kytt 20 Dec 2023

Easily done.

0 sats \ 5 replies \ @boisechampion OP 20 Dec 2023

Hell yeah

0 sats \ 4 replies \ @Ice9 20 Dec 2023

Suggestions on avoiding capital gains tax definitely welcome....

Wife and i own house outright. No kids. Remaining liquid assets at current market value are 50% BTC and 50% traditional investments. Age, mid 40's. Very VERY small income, but don't really NEED to work from a financial point of view.

At the moment our plan is just to live in smaller income brackets to keep tax bill low. But, I mean, if BTC does what we all hope it does in next 20 years there might some rather painful capital gains. Or maybe we can live in BTC denominated economy in 20 years, but that seems a stretch.

100 sats \ 0 replies \ @kytt 21 Dec 2023

Trusts that utilizes 26 USC 643.

100 sats \ 2 replies \ @Eobard 20 Dec 2023

deleted by author

100 sats \ 0 replies \ @boisechampion OP 20 Dec 2023

Lets play this out from beginning to end. How does someone do this in the real world? Step by step.

My biggest fear would be liquidation. Are you trading BTC for Tether is say a Exodus wallet than cashing it out on Coinbase? After that take USD to bank? There is still a paper trail

I guess my question is, when you need USD how do you actually get it without putting yourself at risk? I've never seen any content on how this could actually be done step by step. Would love to see it though, for educational purposes only, obviously ;)

0 sats \ 0 replies \ @Ice9 21 Dec 2023

Maybe one day I'll be 100% BTC. I'd like that day to come, but I'm willing to sacrifice the potential gain for a bit less developer/miner confrontation, and much less regulatory attacks. I'm not sure flipping it all into no-kyc Bitcoin would go very smoothly. Like OP is saying, you still have to move the dollars through banking system and questionable transactions with an anonymous willing party.