Regarding eCom, do you always recommend starting with affiliate marketing and then transitioning into your own product in that niche? Or can you just research hot products using tools like Ecomhunt, test them on a Shopify store with a "broken" checkout button, see which ones you can run profitable FB ads for and then order inventory once you find a winner?
This is great. Regarding housing costs - what are your thoughts on buying a primary home - taking a mortgage and letting inflation eat the payment, vs just continuing to rent and invest more?
In the same vein...what do yiu think about taking out several credit cards at 0% interest for 12-18 months, using venmo and Visa gift cards to avoid cash advance penalties and buying coins...paying minimums until a substantial return is met within 12-18 months?
I do something similar. Put most expenses on 0% APR cards and use remaining cash flow for crypto. Will probably take the highest-balance card and do a 0% balance transfer deal when the intro APR runs out. Kick the can down the road like the US government. Bit of a YOLO move since increasing cash flow is more effective, and a bear market could hurt, but it's doable.
Eye opening post as usual BTB, esp for NGMIers like me
2 Qns:
1. Where do you suggest I hold my 6-months-expense emegency fund if not in a (negative yield) Savings account?
2. Where do I learn about E-commerce from Zero (I'm a doctor, always looked down on e-commerce in the past, recently interested in exploring this option as a side hustle) - Whats a no-fluff, realistic guide on this? I am looking for a business I can start, I need to know if I have the skills necessary for this . I'm based in India
My current macro perspective bottom lines with institutions rugging everyone next Spring/Summer and sucking up every BTH and ETH they can get their hands on through an 80-90% crash.
The top? Whatever the on-chain expert bros we all follow say...
Will you be going over a strategy of taking risk off the table towards the top, that we can then use to buy the next big dip going into the bear market. I expect everyone who’s NGMI are going to buy lambos and Rolex’s at some point.
Hey BTB, do you think it's necessary to get out of fiat across all countries? If we lived in countries with well-managed central banks (eg Singapore), is the advice still to move away from cash?
Yes it is my day job but I’ve always been skeptical on a rental tax. Too many current Senators and Congressmen either own large real estate portfolios or are beholden to those that do. The billionaire tax I think is how they try to raise revenue and they try to lower housing costs via rent control (won’t work) and building government owned housing of some sort in mass.
Regardless of all that it’s almost impossible to front run Blackstone, Zillow et al in the single family rental business. Margins are already too tight, might as well just throw cash into a REIT if desperate for RE exposure and focus time elsewhere like Ecom, crypto, or sales. For the average guy only opportunities left are in niche asset classes like storage, trailer parks, small apartment buildings, small strip centers, etc especially in secondary markets.
Agree, but even then u are at best making 7% unlevered usially. Add aome value u maybe able to bump to dbl digits. Very diffixult to find 7 fig + assets with dbl dig inlevered returns
No code only gets you so far. If what you're doing isn't simple and/or standardized, sooner or later you'll run into a wall and will need to write code. That said, for the simple and standard stuff, no/low code tools used appropriately can save huge amounts of time. (I sell one.)
Look forward to the commentary on DAOs moving in the wrong direction….see you Wednesday.
Buy an AR-15 or invest in crypto/ecommerce? 😂 Will be researching some profitable niches that don’t have too much overhead
An AR-15 doesn't cost that much. If you have so little you have to think about it then you don't have enough to buy crypto.
BTB,
Any updates from the Terra Luna team? Would be interested to see your thoughts on this project.
They haven't responded we messaged them again
Regarding eCom, do you always recommend starting with affiliate marketing and then transitioning into your own product in that niche? Or can you just research hot products using tools like Ecomhunt, test them on a Shopify store with a "broken" checkout button, see which ones you can run profitable FB ads for and then order inventory once you find a winner?
It's usually the safest bet. This way you get to see if there is real demand before producing stuff you may not be able to sell.
For example if it costs $3K to find out there is no demand, that sure hurts a lot less vs. buying $50K of inventory and having no conversions.
This is great. Regarding housing costs - what are your thoughts on buying a primary home - taking a mortgage and letting inflation eat the payment, vs just continuing to rent and invest more?
The house is now the liability, the 30 year mortgage below inflation rate is the asset. Bull has said this before.
Yeah just own your own place and get low interest rate is the move.
In the same vein...what do yiu think about taking out several credit cards at 0% interest for 12-18 months, using venmo and Visa gift cards to avoid cash advance penalties and buying coins...paying minimums until a substantial return is met within 12-18 months?
I do something similar. Put most expenses on 0% APR cards and use remaining cash flow for crypto. Will probably take the highest-balance card and do a 0% balance transfer deal when the intro APR runs out. Kick the can down the road like the US government. Bit of a YOLO move since increasing cash flow is more effective, and a bear market could hurt, but it's doable.
Eye opening post as usual BTB, esp for NGMIers like me
2 Qns:
1. Where do you suggest I hold my 6-months-expense emegency fund if not in a (negative yield) Savings account?
2. Where do I learn about E-commerce from Zero (I'm a doctor, always looked down on e-commerce in the past, recently interested in exploring this option as a side hustle) - Whats a no-fluff, realistic guide on this? I am looking for a business I can start, I need to know if I have the skills necessary for this . I'm based in India
As the cost of living rises along with the energy crisis & supply chain issues, do you think we're heading towards a global recession?
Always great content, free and paid. Thanks.
My current macro perspective bottom lines with institutions rugging everyone next Spring/Summer and sucking up every BTH and ETH they can get their hands on through an 80-90% crash.
The top? Whatever the on-chain expert bros we all follow say...
Just wanted to say that "out loud".
If it dips 80-90%, what will that price be? We running to 200k by next summer then down to 80? Share thoughts
Will you be going over a strategy of taking risk off the table towards the top, that we can then use to buy the next big dip going into the bear market. I expect everyone who’s NGMI are going to buy lambos and Rolex’s at some point.
Hey BTB, do you think it's necessary to get out of fiat across all countries? If we lived in countries with well-managed central banks (eg Singapore), is the advice still to move away from cash?
We wouldn't have a large cash position as it doesnt hold value.
software has to be updated constantly it is a living breathing thing
Yes it is my day job but I’ve always been skeptical on a rental tax. Too many current Senators and Congressmen either own large real estate portfolios or are beholden to those that do. The billionaire tax I think is how they try to raise revenue and they try to lower housing costs via rent control (won’t work) and building government owned housing of some sort in mass.
Regardless of all that it’s almost impossible to front run Blackstone, Zillow et al in the single family rental business. Margins are already too tight, might as well just throw cash into a REIT if desperate for RE exposure and focus time elsewhere like Ecom, crypto, or sales. For the average guy only opportunities left are in niche asset classes like storage, trailer parks, small apartment buildings, small strip centers, etc especially in secondary markets.
Agree, but even then u are at best making 7% unlevered usially. Add aome value u maybe able to bump to dbl digits. Very diffixult to find 7 fig + assets with dbl dig inlevered returns
Will coding become a commodity as more people learn it and no-code gains traction?
Unlikely any time soon, software has to be updated constantly it is a living breathing thing
No code only gets you so far. If what you're doing isn't simple and/or standardized, sooner or later you'll run into a wall and will need to write code. That said, for the simple and standard stuff, no/low code tools used appropriately can save huge amounts of time. (I sell one.)