Oddbean new post about login | logout Here’s a question for the class: I’m in sales, have a commission check coming in the range of $25k. Do I: A. Payoff debt B. Buy Bitcoin C. 50/50 split debt payoff and bitcoin buy. Each responder gets a Zap.
Depends on your debt load. Going to guess it’s>25k since there’s the option of putting it all there. I’m saying put 1/2 into the highest percentage rate debt and 1/2 into B. If you have zero or little cash savings, do thirds. Having available cash makes life so much easier. Unless you have that tendency to spend it all.
Your debt settles in fiat backed by bonds that’s demand is supported by gov printed fiat made possible by more debt. Debt to GDP ratio can’t get paid off and technology being deflationary just cements that fact. The government will devalue your money to pay off that debt, you paying it off can probably wait. Stack some more sats. https://m.primal.net/HinY.jpg
As John previously stated, I would go for paying off the debt, if it could all be taken care of with the 25k. Seeing as it's more, I'd go 50/50.
I do like this option because it solves a near term problem and also allows me to increase my monthly bitcoin buy using the previous loan payment amount.
My goal isn’t to have the highest score. My goal is to have fuck you money. Fuck you money lets you control your life, time, and energy. Some one wants to try and violate that, they can go fuck themselves. To me that is 3-6 month emergency fund in cash. Land, house and vehicles are as secured as possible. Some fixed rate debt is ok as long as it is well covered by consistent income. Throw in some guns, goats, beans, and bullets if your into that kinda thing. Once that’s secure, I’m stacking as many fucking sats as I can.
