Why Nostr? What is Njump?
2024-07-02 13:11:14

tonycarrera on Nostr: The balance-sheet cheat sheet: Hold hard assets and cash-flowing assets on the asset ...

The balance-sheet cheat sheet:

Hold hard assets and cash-flowing assets on the asset side and debt on the liabilities side.

Method: Use debt to obtain the best cash-flowing assets (real estate rental property for example) using as much of other people’s money as possible.

The hard part is finding assets which a positive yield. A higher return than your interest payments (cost of capital).

Save any surplus cash in hard assets. Do your own research but some examples are #bitcoin, rare art/cars/watches, #gold, S&P 500 index, short-term treasuries, etc.

Avoid holding much cash (the saying cash is trash comes to mind).

Repeat.

#learn #nostr #nostriches #pleb #plebchain #cheatsheet #fiat #assets #debt #value #dyor #wealth
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