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I don’t get the intro… what do the people on the mansions know about that the doctors don’t? Compounding? Do doctors not know how compounding works? I think the people in the mansions take outsized risks - that’s why there are in their positions.
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↩ replying to HODL
You'll actually find that the people who own investment properties are mostly doctors and other high wage medical professionals. But they typically only own a handful of investment properties. The people who own dozens or hundreds of investment properties are only able to because of corruption. Because they already had money, and hey used that money to lobby the politicians for tax incentives and loosening of regulations that allows them to bleed the economy and exploit other people more effectively like a parasite. At least the doctors actually add value to society.
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↩ replying to Kayne
Hodl up brother 🫷🏻While I don’t “work” or provide direct “value” with my hands… The work I do is what LEADS to the doctor having a job to begin with or the 16yo I just hired in Villa Maria to install fixed wireless clients in rural AR… I have been of service and I will be of service. Just not always the same 🫡💯✅ I get paid to use my MIND not my hands ❤️ image
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This is the "good" life? A giant, chemical lawn? A place where you have to strap into a 2-ton machine and travel 60 mph to get a glass of milk? Constant work to maintain (or make executive maintenance decisions) about roofs, walls, foundations, HVAC and plumbing systems, etc etc... I look at this and I see "big fat tax target". Massive opportunity costs, so unable to move, which inevitably requires intervention in local politics to secure your rights. Political compromise. I see Zuck and Elon and Bezos lining up behind the Gawd Emperor at his Imperial Coronation, because *that's what they have to do* to live "the good life."
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Fantastic clip, man! The intros are getting better and better. I love the five-minute format. As for the message, yeah, I started way too late, but I'm trying to make up for lost time. It's never too late to stack more sats!
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You are just stepping on the gas with each vlog brother and giving everyone much food for thought. This was awesome to say the least! Compounding is definitely a super power because every small action is a vote for the person you will become, and time is the relentless multiplier that cashes in those votes. The tragedy is that neglect compounds just as ruthlessly as discipline, and both are invisible until it’s too late to undo them. Compounding is the silent architect of destiny. It doesn’t shout, it whispers, and by the time the world notices, the trajectory of your health, your wealth, and your mind has already been set. The small daily decisions matter. Thank you again for sharing this. 👏
WE ARE COMPOUNDING IN OUR LIVES.. IN BITCOIN, AND FINANCE BUT ALSO OUR CHILDREN... BECOMING A FATHER WAS NEXT TO GETTING MARRIED TO MY WIFE @BTC-FANNYPACKER HAS ALLOWED " US " TO FLOURISH.... HOMESCHOOLING OUR KIDS OWNING OUR LITTLE BUSINESS HAS ALLOWED US TO TAKE LIFE BY THE HORNS ... ITS GIVEN US THE ABILITY TO CHOOSE AND NOT BE SUBSERVIENT TO THE " MAN " ... THE KIDS ARE ABLE TO LEARN FROM US THE SHIT THAT ACTUALLY MATTERS .. WE DID A VLOG POST A FEW DAYS AGO ON VOLUNTEERING AT OUR LOCAL NURSING HOME.. THATS JUST SO DAM POWERFUL AND THEY EMBRACE IT SO MUCH .. MY WIFES BOUT WITH CANCER WAS DIFFICULT FOR US IT WAS A WAR WITH THE MEDICAL SYSTEM, INSURANCE, FINANCE AND STAYING EMOTIONALLY CONNECTED WITH EVEYONE AS A WHOLE... BEING DIAGNOSED 9 YEARS AGO AND STILL FIGHTING TODAY HAS GIVEN US A SENSE OF PURPOSE.. THE RELATIONSHIP'S WE HAVE SHOULD NEVER BE TAKEN FOR GRANTED AND ALWAYS BE VALUED " BECAUSE TOMORROW IS NEVER GUARANTEED " " THIS IS THE TRUE MEANING OF STAY HUMBLE AND STACK SATS "
I understand compounding in TradFi when there is a compounding mechanism involved. But it looks like you are suggesting that there is a compounding mechanism involved if you stack BTC (maybe I’m wrong). But if you are suggesting that BTC is somehow subject to a TradFi compounding effect, I would be very grateful if you could explain how. Cheers. 🙂
↩ replying to GJM
Assume an average Compound Annual Growth Rate (CAGR) for BTC price. Lets say 30%. After 5 years $10,000 becomes $37,000 After 10 years it becomes $138,000 After 15 years it's $512,000 After 20 years it's $1,900,000 After 25 years it's $7,000,000 After 30 years it's $26,000,000 Start early. stack hard.
↩ replying to Trivium
CAGR has nothing to with BTC price or price action. CAGR as it is applied to BTC is simply a way to compare BTC’s hypothetical fiat spot sale price to the performance of a TradFi investment that has an actual compounding mechanism built into it ie. yield folded back into principal. To apply a CAGR equation to BTC’s future spot sale price is logically irrelevant because Bitcoins price is not subject to a compounding mechanism.
↩ replying to GJM
Yes, it doesn’t require a yield as it is applied to BTC because it assumes that it is built into the final sale price. That is why it is used as a way to compare the return to an investment that has an actual compounding mechanism built into its growth. Because it usually varies annually, CAGR is used to smooth out the variance to arrive at an average over the time being measured. Fundamentally though BTC’s price is not subject to a compounding mechanism so CAGR should not be used as a way to evaluate historic or future price trends unless you are comparing it directly to something that has an actual compounding mechanism. 🙂
Great episode. Compounding also works against you with 401k fees. Account administration fees, mutual fund fees, and hidden fees can be around 2%. Doesn't sound like much right? But over a 40 investment life? $10,000 investment @ a CAGR of 8% grows to $217,000 over 40 years With 2% yearly fees, it's only $103,0000 They take half of your gains! Add inflation and you'll never get ahead.
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You're killing it again with a great message! Living with intention can't happen when we're chasing the cravings of our small mind. In my twenties, I opened a gym combining pursuit of passion with business ownership. After I got it up and running for the first three years, it paid me without me ever stepping foot in it again for the next 17 years (until COVID shut it down). The other part of the picture is treating people right.
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I will never choose to live in a suburban hellscape, don't care how big the house is. That street is everything that's wrong with American culture, why on earth rich people would choose to live like that I'll never understand. I can walk in any direction I want, in most directions I can walk for hours without an issue, I can hunt and forage without bothering anyone else. My neighbours do not care if I walk through their properties as long as I don't upset their livestock there's no issue. I have enough land to raise my own cattle and grow enough vegetables to survive. Would a larger house be nice? Sure, would I give up my freedom and privilege to live in a suburban shithole just because of a bigger house? Absolutely fucking not.
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↩ replying to Kayne
I’m leaving America 🆘 for too many years I’ve been the only person pushing for a VIOLENT UPRISING 🏴‍☠️🥷 now as I age I realize that will never happen!! The brainwashing is to deep America must fall like Rome before eyes will open!! At that point the violence will no longer be one sided it will be anarchy… So the rules of survival has changed… A strategic retreat is now the only survival strategy I see 🫡💯 our nation is DONZO brother
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Always feels strange seeing people shoot at human shaped cutouts instead of hunting animals or practicing on regular bullseye targets. We do use the human shaped cutouts but only for handguns, for sport. Because sport is the only reason you're allowed to own a handgun here. But the points scoring system for shooting is based on getting as close to centre mass as possible so a regular bullseye target can be used all the same.
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I feel like both sides of the street understand compounding. It's a nice street & both sides RE investment has been compounding at roughly the same rate. I'd wager both sides of the street have savings that are invested to compound. I'd say the less rich side is made up of highly paid professionals & the wealthy side is more likely entrepreneurs. Entrepreneurs are able to extract the value of other's labour & can more easily scale theirs. Compounding has a huge effect but it's the ability to scale your own efforts that sets you apart. Even the most sought after surgeon can only bill 40-50hrs of their time each week. The owner of the surgery can have 5 surgeons billing 40hrs a week & can add more with only a little extra effort/cost. Really succeeding in the fiat world is determined by your ability to extract value from others.
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↩ replying to Brisket
Put another way, you’re ability to compound your own efforts is constrained (or enabled) by your ability to work with and inspire others One of the things I’m looking forward to as fiat dies, is the forcing function of capital having to invest via equity (sharing risk and reward), vs the rent-seeking fuckfactory that is fractional reserve banking that lends on terms that entail near-zero risk to them Build with others who share your ethos, not just the vision and goal