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
tonycarrera / Tony Carrera
npub15m…8zz9n
2024-07-02 13:11:14
Author Public Key
npub15mwtfq0va0l93srv3eyv3s00az2hr32e5phymaw2nz7mzyymz30sl8zz9nPublished at
2024-07-02 13:11:14Event JSON
{
"id": "b38ef6883a253d4590857ecc5c5fc428cf8b0f129b27e127ba5293a3ee9009f4",
"pubkey": "a6dcb481ecebfe58c06c8e48c8c1efe89571c559a06e4df5ca98bdb1109b145f",
"created_at": 1719925874,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
],
[
"t",
"gold"
],
[
"t",
"learn"
],
[
"t",
"nostr"
],
[
"t",
"nostriches"
],
[
"t",
"pleb"
],
[
"t",
"plebchain"
],
[
"t",
"cheatsheet"
],
[
"t",
"fiat"
],
[
"t",
"assets"
],
[
"t",
"debt"
],
[
"t",
"value"
],
[
"t",
"dyor"
],
[
"t",
"wealth"
]
],
"content": "The balance-sheet cheat sheet:\n\nHold hard assets and cash-flowing assets on the asset side and debt on the liabilities side.\n\nMethod: 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. \n\nThe hard part is finding assets which a positive yield. A higher return than your interest payments (cost of capital).\n\nSave any surplus cash in hard assets. Do your own research but some examples are #bitcoin, rare art/cars/watches, #gold, S\u0026P 500 index, short-term treasuries, etc.\n\nAvoid holding much cash (the saying cash is trash comes to mind).\n\nRepeat.\n\n#learn #nostr #nostriches #pleb #plebchain #cheatsheet #fiat #assets #debt #value #dyor #wealth",
"sig": "5f23e384a87585be770d1b7096e3573316a23d7f07ec60438e731fbedfdc6772d1e1ae8bbcd5232a951b6daf8d55fd221acd3e3368c153cc3bd5534f3e9d8746"
}