Nick Pettyjohn

software dev, bitcoiner

[Nick Pettyjohn @nick_pettyjohn]

@stackhodler Thanks, Stack! This is the first thing I read this morning and now it’s time to pull those shots and get after it! :)

[Nick Pettyjohn @nick_pettyjohn]

@stackhodler I’m in the exact same boat, sir. Well put!

[Nick Pettyjohn @nick_pettyjohn]

@stackhodler Thanks for the recommendation, Stack! Just got the Audible and will listen tonight.

[Nick Pettyjohn @nick_pettyjohn]

@stackhodler That’s the good stuff, Stack. I’m in a similar place with my son and I am constantly reminding myself to soak up those moments while I can.

[Nick Pettyjohn @nick_pettyjohn]

@godofprompt Prompt, please!

[Stack Hodler @stackhodler]

We are entering the golden age of locking in.

You need to be optimism maxxing.

Opportunities are increasingly abundant.

If you believe that with your whole soul and act accordingly.

I guarantee you will prosper.

[Stack Hodler @stackhodler]

This guy thinks about the future all day every day.

He understands where AI and robotics are taking us.

And he knows that finite BTC is the best place to store value in a world of abundance.

Signal.

[Nick Pettyjohn @nick_pettyjohn]

@ProgrammableTx Thanks for sharing this! Very good points.

[Nick Pettyjohn @nick_pettyjohn]

@stackhodler @MartyBent This is fantastic. Thanks for passing it along, Stack!

[Nick Pettyjohn @nick_pettyjohn]

@stackhodler Currently fasting during the day, but making the most of a Euro-style afternoon while the little one naps. Il dolce far niente…

[Nick Pettyjohn @nick_pettyjohn]

@stackhodler Thanks, that means a lot coming from you!

[Stack Hodler @stackhodler]

@trudeveloper Step 0: Adjust your expectations of yourself so that $1 million sounds like the bare minimum net worth you should have.

You gotta brainwash yourself to believe that.

Because it will force you to adjust your focus towards opportunities that will actually get you there.

[Stack Hodler @stackhodler]

Bitcoin wealth levels and primary focus:

Stage 1: You have less than $1 million worth of BTC
Primary focus: Capital Accumulation

Get to $1 million worth of BTC as quickly as you can.

Today that's 8.69 BTC.
Soon it will be 6.15 BTC.
Then 1 BTC.

Stay laser-focused on your business until you bank your first 7 figures.

Do not waste your finite time and attention thinking about trading in and out of assets at this level.

You should be stack-only.

Focus on being useful to others like the robots are coming for your job.

Because they are.

Don't think the path you're on will get you where you need to go?

Then change your path.

Channel your efforts into opportunities with uncapped upside and use various forms of leverage (personal brand, AI tools, code, relationships) for non-linear growth.

Just remember: Working harder isn't the answer. You can accelerate your capital accumulation if you work smart.

Just make sure your upside isn't capped.

One unit of input should lead to multiple units of output.

And your work should ideally compound like your assets.

Where to start?

Helping other people make more money in their business is a good rule of thumb.

E.g. AI is a new tool that few people know how to use effectively.

So help them leverage AI in their business.

There's a million niches within that one obvious idea.

You can figure it out and make anything happen.

If you want to.

Stage 2: You have between $1-$5 million worth of BTC.
Primary focus: Capital Allocation & Preservation

At this point you should increasingly focus on your own investor psychology, mindset, and risk management.

You have some momentum at this stage.

Keep it rolling.

Keep stacking Bitcoin and milking your personal cashflow.

But realize that you're closing in on escape velocity.

And your main job is to not screw it up.

BTC's 40-50% CAGR means you're looking at adding $400-$500K to your net worth on autopilot.

When taking taxes into consideration, that's like earning close to $1 million per year in income and saving all your after tax income.

Something that very few people ever manage to do.

This is the point where your BTC starts to make money faster than you likely can through your own effort.

Which means you should shift a portion of your time into mastering your investing psychology.

You need to be mentally prepared for likely market scenarios.

You need to have a plan.

You need to know yourself, and know how you'll react when volatility strikes.

Do you need a cash pile that helps you sleep at night?

How long of a runway do you need to not panic sell the next dip?

These are questions you must address.

You're on your way to generational wealth.

And you cannot afford to screw up at this stage.

Stage 3: >$5 million in BTC. Escape velocity.

Focus on Time Allocation.

Many people in the fiat world don't see $5 million as "enough" to retire.

But that's because inflation is usually outpacing the returns of their "safe" investment portfolio.

But if you have $5 million in BTC, you're adding ~$2 million to your net worth each year, and it's compounding (as long as you have a long time horizon).

You can spend $20K-$25K a month and still watch your wealth accelerate.

At this point, you should take a minute to recognize that the future is uncertain.

AI and robotics will soon change everything as we know it.

And you will never have as much time as you do now.

At this point, you need to be deliberate with how you allocate your time.

Imagine you only had 5 years left to live; would you be spending your days as you are now?

What would you change?

You've essentially solved the money problem.

Now your focus should be on how to live well in a way that doesn't require extreme extravagance.

That way when you get to $100 million net worth in the next decade you know how to enjoy your good fortune without relying on ever more money to do so.

Find activities that you enjoy and that you can compound over the long-term.

Do things that make you feel alive and don't lead to a "hangover" later.

Prioritize your health and family.

Congratulations, you've won the money game.

And your reward is that now you get to pick a new game to play.

Choose your next adventure wisely.

[Stack Hodler @stackhodler]

Where do you see yourself in 5 years?

Piling the whole crew into the stick-shift Defender and cruising to the marché for a morning café and croissant sounds about right.

[Stack Hodler @stackhodler]

Time allocation is now more important than capital allocation.

Capital allocation is a solved problem.

Just buy Bitcoin and hold it until you reach escape velocity.

The left and right sides of the bell curve understand this.

But time allocation?

This is an evolving field of study.

Personally I'm baking some unique assumptions into my time allocation decisions.

Assumptions no one in human history has ever had to navigate.

Namely, that AI will completely upend the world as we know it inside of 10 years.

There will soon be an abundance of tireless intelligence that exceeds the capacity of the smartest humans on earth.

They will be solving humanity's biggest challenges around the clock.

That seems entirely reasonable to me.
And 10 years is probably a conservative timeline.

Even if you completely discount the emergence of a recursively self-improving superintelligence, you should at least consider the possibility that >90% of all paid mental work will disappear.

There will be vast societal and economic consequences.

Life 10 years from now could be far better or far worse.

The optimist in me chooses to believe it will be far better as fewer people will be wasting time on menial work, and the price of things will fall dramatically when priced in BTC.

But how should you act if you believe the world will change in an extreme way within the next 10 years?

Everyone is in different situations.

Personally I'd do everything I could to get as close to 1 Bitcoin as possible within the next 3 years.

But if you're already in a solid financial situation, you should probably add a much larger premium to your time than you already do.

That's what I'm doing.

We are living in a golden age that we will look back on with extreme nostalgia.

Similar to how many people look at the time before the Internet as a special time... But x100

- No mass reliance on UBI.

- Opportunities for upward mobility still exist with hard work and ingenuity.

- No autonomous face-scanning police roaming the streets.

- Most places are still safe and pleasant to visit.

Are you soaking it in? Are you experiencing this time fully instead of living for the future?

As I consider how I want to educate my children, it's obvious that the current system isn't setup for the world that's coming.

20th century jobs as we know them will disappear.

Worker drones will be useless.

So instead of inculcating the habit of daily mental work and prioritizing the next grade, the next milestone, etc...

(as I was trained to do)

I will raise kids who know how to enjoy the present.

I will encourage their natural ability to live with energy and joy today.

I will teach them to value mental, physical, and spiritual discipline.

They will dance, laugh, explore, and love.

They will do strenuous physical activities, meditate, and spend lots of time in nature with friends and family.

They will play sports and make art.

And rather than prioritize more financial wealth, I will do these things with them along the way.

Because I now view this as the best way to allocate time to prepare for the likely future.

And if I'm wrong?

The beauty is I'll never regret these things no matter what happens.

Study time allocation. Consider the future we're headed towards.

And adjust course accordingly 🫡

[GREG ISENBERG @gregisenberg]

you don't understand

there's a 1000+ $25k MRR+ apps that will be built from X and AI in the next 18 months

you sign up to X while working your full-time job

you become reply guy in niche

you get creator payouts from tweeting ($2k/month) and its your little pre-seed round

every reply teaches you about market gaps, every thread shows you pain points

you're doing customer discovery and literally getting checks for it

you find a problem everyone complains about

you vibe code it

you already have 10k people who trust you you launch to your built-in audience $25k mrr in 6 months

still working full time job

your competitors pay $50k for customer research

you got paid $12k while learning the same insights they hire consultants to find product-market fit

you found it for free in the replies

they raise $2M to solve problems they think exist

you're solving problems you know exist because people told you directly

$25k MRR, 85% margins business worth $1.5M you own 100%

sleepless nights over retention but you figure it out

still full time job

keeps growing, $50k/MRR

X payouts now $5k month too.

you got paid to learn what to build then got paid to build it

probably quit full-time job

acquire another saas or repeat with a new X account

this app is insane

you don't understand

freedomtown

[Mathias Schrøder @MattiSchroder]

This is officially my favorite tweet, ever.

@levelsio doing $248K/mo without knowing what state is.

It's proof that solving problems and execution is way more important than whatever you’re currently procrastinating on.

[Stack Hodler @stackhodler]

Every new Bitcoin ATH gives some couple somewhere the financial confidence to start a family.

Number go up is a beautiful thing.

[Sherry Jiang @SherryYanJiang]

got rejected ~500 times in life. didn’t realize i was training for founder mode.