Money Mitch 💰 @mitchdmoore
Jesus is 👑 | Financial Planner | Business owners & salespeople hire us @strongwealthnet to optimize their finances | Download Free "Cash Flow Mastery" 👇🏼 strongwealth.net Schedule a Call → Joined December 2011-
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People will say, "I can't hold bitcoin in my hands" as an argument against it... But act like they could go to their bank and actually get all their money out. News flash, your money isn't there. It's numbers on a screen my friend.
I swear bonus depreciation made new car washes pop up everywhere.
Explaining our current financial system in simple terms is harder than explaining bitcoin.
I just wrote a "bitcoin mining for grandpa's" draft And i legitimately think it could click for your grandpa. @colbitrun thought it was good, so that says something.
Most financial planners wouldn't touch this.
We spoke to a prospect recently... ~$2.5 million net worth Outside of home equity, it was all in Bitcoin. Wants to retire soon in his early 40s. Spends $55k per year. What would you recommend?
To understand Bitcoin, you first have to understand the characteristics of good money. Then you'll realize USD doesn't possess all of the characteristics. 💡
It's puzzling how some financial advisors choose to ignore the financial system.
The only thing I remember from 12 years of school.
Zach Homol @zachhomol_
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Probably nothing but Looks like @jakejaybee has a new bio 🫣
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You think high taxes are pro-Christian? We are compelled to give 10% to the church and charity. I am not compelled to give 40% of my income to the government. I do not worship government, this is a strange take.
@jason_howerton Crackpot economics designed merely to help the ultra-rich. This is anti-Christian
Not to mention, if the government stole less of my money, I would inevitably donate more to charitable causes that actually help people instead of funding wars and insanely wasteful government spending
There is nothing wrong with living in your parent’s house in your 20’s, but if you can’t save the equivalent of a rent payment that is a problem.
@mitchdmoore The primary characteristic of good money should be that it's a widely accepted medium of exchanging goods and services. Bitcoin does not meet that fundamental bar.
@mitchdmoore I like cash flow coach, can you make it rain while I’m sleeping…. I know I know the sole focus isn’t cash flow….🤣🤷🏻♂️
Saving $100k by 30 while living with your parents is not an accomplishment.
@mitchdmoore I always get a pit in my stomach moving crypto from wallet-to-wallet There’s about 3 minutes where I swear I wrote a digit wrong and everything is lost forever
Tax on unrealized gains… ok so how do we pay if it’s not realized? Anyone with 2 brain cells would know all of these proposals are meant to keep you a slave, chained to poverty forever. Time to MAGA
🇺🇸 President Biden proposes a 44.6% capital gains tax, the highest in history. The proposal also includes a 25% tax on unrealized gains for high-net-worth individuals.
@mitchdmoore What taxes? Every governing body I have paid taxes to charges ~3%+ to process a credit card which in turn makes it pointless unless its for cashflow purposes.
@IDFinancial @mitchdmoore This isn't what I would say back necessarily but this is comparable to thinking your house is worthless because you can't knock a brick out of the foundation and take that to the grocery store.
@mitchdmoore For the grocery store to want to accept it as a MoE - they need to ensure it's valuable as a SoV first. We could get into legal tender laws - but I'd go with the above first and foremost - people need to want it SoV before accepting it MoE.