Can You Afford To Be Ignorant About Bitcoin?

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Season 2 Episode #28 of Not Me, But You! Podcast. 

Can you afford to be ignorant about Bitcoin? Super wealthy people can certainly afford to ignore Bitcoin. Some people who CAN afford to be ignorant about Bitcoin: Donald Trump, Dave Ramsey, Warren Buffet. 

Ironically, Michael Saylor who is a huge proponent of Bitcoin today, was once a critic of Bitcoin! But I presume he did his own study/research and then gained a better understanding of Bitcoin and eventually switched his opinion to supporting Bitcoin. 

Ironically, Donald Trump was critical of Bitcoin during his first presidency. Now he is proponent of it. Things can change in life. 

Charles Schwab is my favorite platform/app to buy/sell stocks on. I buy/hold high yielding dividend stocks. I buy/sell for profit growth stocks. At Charles Schwab I find their phone app and desktop computer version easy to use. Also, Charles Schwab has excellent customer service. I can actually get a live human on the phone easily and they are extremely knowledgable and helpful. That has been my experience. 

If you want to be able to afford to retire, then you need to have cash flow. Once you are retired, you need increasing cash flow in order to afford to remain retired. Lunch for 3 people, right now in 2025, costs $60 to $70 for 3 hamburgers with one side and a drink! How much will three burgers cost in 10 years? In 15 years? Get the idea? 

Buy/holding assets puts us in a position to benefit from inflation! What is the best performing asset on the planet? Answer: Bitcoin! 

Dollar Cost Average (DCA) into Bitcoin. DCA into high yield dividend stocks (stocks that pay a yield of 15% or higher!). DCA into growth stocks (the names you already know: Apple, Google, Amazon, Microsoft, etc). 

Try investing in companies that actually hold Bitcoin on their company balance sheet, like MSTR for instance. MSTR is Microstrategies and that is Michael Saylor's company. It is publicly traded on the USA stock market. Go check out the growth of  MSTR. You will be impressed. I believe MSTR will one day, be worth $2,000/share. So I buy/hold it. 

Treat your dividend stocks like dairy cows. Make it your goal to be the biggest dairy farmer around. Keep buying more "cows" (i.e. shares of high yield dividend stocks). 

What is Blackrock's most successful ETF ever? Answer: The Bitcoin Spot ETF. Interesting. Perhaps you should look deeper into this Bitcoin thing! 

How does Bitcoin differ from fiat currency. The amount of Bitcoin which will be available is capped. It's a set amount. The amount of fiat money any government on the planet can "print" is INFINITE! Think about that concept. It is why we have inflation and why prices have to RISE over time. Prices are headed one way, and that direction is UP!

I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.