My solar is paid for and past the break even point it nets me a savings of $4200 a year. At the time I bought the solar I expected I could get twice the ROI if I put the money in the market but viewed the expense more like a guaranteed bond. Turned out to be a great investment took 1/2 as long as I projected because electric rates went crazy

How can it go to 0 when so many own it?

This is my fifth year after retirement. I’ve been following the 4% rule thing I saw on a KZbin channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get worried.

Hello stupid idiot. How long do you think the average life expectancy is for fiat currencies?? Yes 27 years. Can you name 1 monopoly who hasn’t abused their right to print money?? No you can’t damn idiot.

People burn out for a few months too. I don't care how many years you spent in the Corporate world, Mindy.

Scott, you think the US will ever make bitcoin a strategic reserve asset? Is there any price point in which you would reconsider your position?

If you truly have a large portfolio, then a year of expenses should be a small percentage of that. If you believe you can live off the 4% rule, are you truly losing out if you keep 4% out in case of an emergency? I understand that in the accumulation phase you want to maximize returns as much as possible. But in the grand scheme of things once your portfolio grows your emergency fund is inconsequential to your overall investment portfolio.

Why does Ms Wolfe look as if IA generated?

I have a crystal ball I can sell you. Inflation (>2%) isn’t going away.

Whether you’re right or wrong, you explained your POV really well. Thx!

Quantum computing will destroy the blockchain.

I think KZbin business is better done part time over a long period of time rather than full time over a short period of time. It can take years for KZbin channels to grow. While growing a channel think of developing a product you can sell so you can make money from the channel faster without needing to make add revenue.

You can make your business a success just choose something you are most passionate and excited about

When I heard El Salvador then I knew no wonder. That country is so corrupt, so poor, so many drug cartels, so many gangs, Its fairly new, and exciting to young people who always want to try a quick lazy way of making money????? All these money investments?? lots turned out to be Ponzi scams, and or pyramid scams.

US government is buying bitcoin, states are adding it to their balance sheet, El Salvador made nearly a billion since buying it. The bitcoiners were right and will be rich, the doubters will say "you got lucky"

Bitcoin may protect against inflation, but in doing that it is very susceptible to inflation's darker and more evil twin: deflation. As the economy grows, more money is needed, otherwise money continues to grow in value, people start hoarding, reduce spending, thus crippling the economy. In a world where Bitcoin replaces all other currencies, those holding it will control the money supply. This kills the whole "for the good of the people" argument.

“Whata Ride.” I’m so in love with this guy.

As soon as he said you could redefine retirement to include full time work I lost it lol : )

I think when you have a limited salary, you may have to take calculated risk and throw the ball deep. I recall being so conservative when I was younger…

damn this aged poorly

Coasting chubby fire.. great for you. Awesome. Smart moves and lots of discipline paid off.

sotts right on roth accounts if your total marginal tax rate is under 30%

Uninformed opinion

I don't think it is unreasonable to hold a 5% or 10% cyrto portfolio as it has increased in value a lot its worse year it only went up 20% I a sorry but an investment worst year going up 20% is very good I do not know what crazy stocks your buying where 20% is garbage but that is its worst annual return. It has increased in value I also don't think you must invest in either index funds or cryto you make a complete False dilemma statement by saying cryto investors have to think the west will fall or the usa will fail. Both general stocks and bitcoin can and both currently have increased in value overall so I am not sure where you are getting this nonsense from

Fatal flaw in your argument - BTC is NOT a currency but store of value asset. Fast forward by 6 months with Trump officially declaring BTC as reserved asset - what say you ?

It's funny how many Bitcoin maximalist are here....

It seems like Goldman and other financial experts smarter than me are investing in Bitcoin now. Maybe they know something you haven't considered?

I watched the whole video and still have no idea what‘s his net worth is.

Living off handyman income and his wife's income doesn't sound like fire to me. It sounds like self-employment or regular employment. Many fire proponents suggest they have achieved a hassle free retirement and are living off the income from investments. This means they can do absolutely nothing and live comfortably off savings. Very few people that I know are so situated. They are often just one major stock market collapse, or a major health event, or just the inherent costs from old age (such as long term care), from facing a major problem.

Seems like you feel that for bitcoin to "succeed" it needs to become a common currency like the dollar or Euro. I would agree that is unlikely for the reasons you noted. Where I think bitcoin could succeed and frankly has succeeded is as a store of wealth and a means of securely transferring wealth in a digital age. I don't think bitcoin's appreciation in value is just speculative fervor. It reflects a practical value in holding and preserving wealth in lieu of buying gold or assets like real estate. Saylor and Breedlove explain this value very well.

Well, you should've bought bitcoin 6 months ago at $65k/coin instead of wasting your time making this video.... because you know a bitcoin is now $100k.... well, just a tat under it.

Ethan can surely do better for himself and his family, than to seek "podcast advice". Go find a qualified financial planner. You won't regret it.

I’m glad he reported his findings to her so that she could take that information from him and his mentor and take control, good for her for being in control, we need more women to do the work that men are unable to do. 😂

🤣🤣🤣

If bitcoin was worth only $1 fourteen years ago or so, how can it be worth $100,000 today when the value of the dollar hasn't devauled proportionally? What's it backed by?

Are we on the same planet?

Huge thanks for having me on the show. And more importantly thanks for all that BP does!

Which of the 3 options did his boss choose?

Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio

This was a great episode!

Perhaps I missed what part of MT he is located in. I used to practice in Billings and have kept an eye on the market but everything always seemed overpriced if I wanted the property to cash flow. I must have been wrong.

If you are just coming up, one of the things that can’t be ignored about almost all of these stories is that every one of these people put in major sweat early on to get there. Often at moderate paying jobs, blue-collar jobs, they paid their dues. They didn’t look for shortcuts and honestly, I think that that’s what builds the character to be able to do what they did in the next phases. People want to skip part one, but the grind is what builds the attitude and desire to get out of the rat race eventually. My two cents

Leverage is everything lol

Damn i feel so old now i feel like im 22 but in reality i graduated in 2006 😅

Also, the minute you make BTC the "currency of the world" Michael Saylor becomes the richest man in history with more money they whole countries and regular schmo joes who invested early richer than all the billionaires in the world . I don’t see any government allowing this to happen

Hey Scott and Mindy -- here's the nerdy math on starting a business, which relies on the binomial distribution. Assuming that 90% of businesses fail, and assuming that you start 10 businesses, you'd have a 65.1% chance that one or more of those businesses would be successful. In reality, however, your chances of success would almost certainly be higher, since you'd learn from your failures and thereby improve your odds of succeeding on the next attempt. 🤓

One can invest in, say, a share of Proctor and Gamble and received steady payments for years ( as I have). One can invest in real estate and received payments for years ( as I have). One can purchase crypto and participate in a fanciful crapshoot and hope that, someday, someone will purchase their coins at a higher price. To suggest one is "investing" in crypto is like saying buying a bag of Cheetos is like investing in Kellogg stock. I am totally supportive of anyone who wants to buy crypto and I wish them all the best of luck. But no matter how you slice it, scarcity, in and of itself, is a flawed reason to buy BTC. It is actually meaningless.

If he were to quit his job how long would it take him to find another one? Probably not that long. Just because someone leaves the workforce it doesn't mean you can't return.

He says he understands bitcoin but seems to be missing the point about Bitcoin being digital gold. The dollar doesn't have to collapse or be replaced by BTC for it to turn into a 10million dollar + asset, in the same way that Gold has long coexisted with fiat. They are actually complementary to each other in that Gold (in this case BTC) fortifies the legitimacy of fiat. Also, Fiat is being pored into BTC which is what is inflating its value. This will not end so long that we continue to print money.