Farley on Nostr: **Step-by-Step Guide: How to Not Be Poor Your Whole Life (Bitcoin Edition)** 1. ...

https://youtu.be/j_EuerlQBOI?si=vJ3XvLH3aaUvLv-l


**Step-by-Step Guide: How to Not Be Poor Your Whole Life (Bitcoin Edition)**

1. **Understand the System**: The current financial system is designed to benefit those who control the money supply. Fiat currency loses value over time due to inflation, making it harder for the average person to get ahead. Understanding this is the first step to breaking free.

2. **Embrace Scarcity**: Learn about assets that cannot be easily manipulated, like Bitcoin. While fiat is printed at will, Bitcoin's supply is fixed. Think long-term, and invest in what holds value.

3. **Minimize Debt**: Don’t borrow unless absolutely necessary. Debt in a fiat system traps you in a cycle of repayment with money that becomes less valuable over time. If you must borrow, invest it in assets that grow in value faster than your debt.

4. **Invest in Yourself**: Learn new skills, adapt, and stay relevant. Whether through self-education or formal training, constantly improve yourself to create new opportunities and income streams. You are your best asset.

5. **Save in Bitcoin**: While you still have to use fiat for daily expenses, try to save and accumulate wealth in Bitcoin. Think of it as a savings account that grows stronger with time. Unlike fiat, which gets weaker due to inflation, Bitcoin is designed to become more valuable.

6. **Build Income Streams**: Relying on one job or paycheck is risky in today’s world. Create multiple streams of income—whether it's through investments, side hustles, or passive income opportunities.

7. **Cut Unnecessary Expenses**: Be mindful of how you spend. Prioritize spending on things that help you grow and reduce expenses that don’t bring value or long-term benefits.

8. **Think Long-Term**: Wealth doesn’t happen overnight. Be patient and stay consistent with your investments and financial habits. The more you plan for the future, the better positioned you'll be.

9. **Leverage Bitcoin for Financial Independence**: Fiat systems require you to be part of their game. Bitcoin offers a parallel system that doesn’t rely on centralized authorities. By leveraging it wisely, you can break free from the limitations of traditional finance.

10. **Stay Grounded and Consistent**: Finally, it’s not about luck, but consistency. Stick to your principles, make smart financial decisions, and don’t be swayed by short-term trends or panic.

This is the path to financial independence, even if we still need to use fiat for now. 💸🚀