Oddbean new post about login | logout Why would I maintain a 401k if I can just buy bitcoin? (Apart from my employer forcing me to do so.) nostr:nevent1qqspyt6d7tac73k56u0cnzhwcwwkkcnpghhxaycuem84rxguezm6n4qpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsrhrchlw9f7rrkndvpnneu463ey2nggn200amgftke7et3hvntu3srqsqqqqqpwkjpzc
You wouldn't, I don't. Bitcoin is way better.
👊
Cleared out the 401k in 2018.
Bitcoin is the (early) retirement plan 🙌🏽
This 100% true. I need one more cycle.
Why would I give the bank my bitcoin if I can hold it myself? nostr:nevent1qqsf78dd5379c057k2qhhyfjf4kz7lxjhjhx38dcp66xm9ruxvct9pcpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsrhrchlw9f7rrkndvpnneu463ey2nggn200amgftke7et3hvntu3srqsqqqqqpflce25
The point of these questions is to say to Michael Saylor that there will be a lot less capital available for lending. In my view, it will only be deployed for the very best projects and those best projects will have to be generational. As far as cars and houses go, people didn't finance cars until the 20s. Interesting that the Great Depression hit shortly afterwards. American mortgage practices were codfied in 1864 and were used to finance the Civil War. Something to think about when we say debt and credit are good. nostr:nevent1qqsffq96zc5ukgtlhw55pk3qr3933jvvu3v8xy3nr4egz4j3eeeckxspr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsrhrchlw9f7rrkndvpnneu463ey2nggn200amgftke7et3hvntu3srqsqqqqqprsl53f
Fyi trough a divorce you can unlock the 401k funds without leaving the company.
Haha. Maybe we can get divorced and continue living together. I mean, we're pretty happy with each other.
I am happy for you! Mine was a legit divorce though 😅