Rochelle | The Financial Fix-Up

💫Sharing my journey to FI/RE #firecommunity 👭🏾Your financial accountability friend 🏘🛠Wealth & Finance Tips #LevelUpYourWealth 📍Toronto

[Gina Acosta @ginacostag_]

10 Amazing Visuals from Best-selling Books you can't miss:

1. Atomic Habits by James Clear

[Andrew Lokenauth @FluentInFinance]

Vanguard has a savings account paying 4.6% APY with FDIC coverage of $1.25 Million.

The account has $0 fees and NO minimum balances.

[Rajat Soni, CFA @Rajatsoni]

The wealthy still don't own #Bitcoin    because it's not on their radars yet

They don't want to own an asset with a $1.4 trillion market cap, because they'd rather focus on markets worth 100x more

If you thought the market cap of an asset is going to $100 trillion, should you own it when it's being sold to you at a 98.6% discount?

You would only know this if you understand how Bitcoin works

Retail investors are at a huge advantage when it comes to Bitcoin because the market cap is low enough that they could buy some while the world's biggest investors ignore it

If you have a family, being able to own a small fraction of Bitcoin could literally be life-changing

To the wealthiest among us (let's say those with $10M of assets or more), owning a small fraction almost feels like a waste, because it has a very small impact on their overall wealth even if it increases 100x from here

To them, it's about wealth preservation

But to somebody who has only a few thousand dollars, owning 0.1 Bitcoin could make a MASSIVE difference, and you would only do this if you do the research

If that 0.1 Bitcoin were to 100x, that person would own an asset worth $700,000!

Since the wealthiest see Bitcoin as being too niche right now, they aren't trying to learn about it...

Most are ignoring it

I would be surprised if Berkshire Hathaway buys Bitcoin before it's $250,000+

But the thing is, even if they buy at that point, they'll probably have more Bitcoin than you could ever get your hands on

Today 0.1 Bitcoin costs $7,000

When Bitcoin is $250,000, that same 0.1 Bitcoin will cost you $25,000

Most investors are going to ignore Bitcoin until it's a million dollars or more, and at that point it'll cost them $100,000 to buy 0.1 Bitcoin

But thankfully, this will include some of the wealthiest people out there

Maybe by the time Bitcoin is $1M+, @theficouple will have read The Bitcoin Standard and they'll switch their opinion on where this is going so they can stop misinforming their followers

[reni, the resource | finance & travel @xoreniii]

May we all find our Ikigai: the convergence of
what you love, what the world needs, what you are good at, and what you can get paid for 🫶🏾.

[SHAKERA | The Movement Coach @SimplyShakera]

Keith lee is here!!! 🇨🇦

The way I teared up watching the end of this review. Proud of wi likkle city, off to a great start. Scarborough, big up yuhself!

https://t.co/Ccon1tvyFG

[Barry Choi @barrychoi]

A couple Canadian wireless carriers are now offering 50 gigs for $34. Call your provider and have them price match!

[Rochelle | The Financial Fix-Up @thefixupTO]

@xoreniii @AManCalledEhi If they land during that time the airline usually gets fined.

[Danica | Career Break Coach | Finance & Travel @danicaSnelson]

I personally believe that career breaks should be built into overall career plans.

I don't believe that we should be working non-stop until we retire (if we are privileged enough to be able to take breaks).

Mini-retirements (or what I call "Liberty Leaves") are necessary.

[Danica | Career Break Coach | Finance & Travel @danicaSnelson]

#sponsored

Why I’m glad my hard-earned money is insured by CDIC (Canada Deposit Insurance Corporation) 💰

A thread 🧵

[Globe Investor @globeinvestor]

Premarket: Stocks near record highs, bitcoin barrels to best month since 2020 https://t.co/qGRIV02G6x

[reni, the resource | finance & travel @xoreniii]

If you start saving now, you’ll be able to afford the ticket without going into debt 🫡

Start that sinking fund TODAY!

[reni, the resource | finance & travel @xoreniii]

“When you’re not used to being confident, confidence feels like arrogance.

When you’re used to being passive, assertiveness feels like aggression.

When you’re not used to getting your needs met, prioritizing yourself feels selfish.

Your comfort zone is not a good benchmark.”
Dr. Vassilia

[reni, the resource | finance & travel @xoreniii]

Things newcomers should avoid when coming to Canada: getting roped into a Universal Life Insurance policy with World Financial Group

[reni, the resource | finance & travel @xoreniii]

If you’re living at home rent free, please invest as much of your income as you can! To not have housing expenses is one of the biggest blessings. Don’t waste it!

[Danica | Career Break Coach | Finance & Travel @danicaSnelson]

I'm only 135 subscribers away from meeting my 2023 goal of having 1000 people reading The Liberty Letter each month.

Help ya girl out? 🙏🏽

Subscribe here: https://t.co/CRxQ3uVEUc

[Rajat Soni, CFA @Rajatsoni]

Conclusion:

Study money. Learn how #Bitcoin works.

Bitcoin is the best form of money we have.

In a few hundred years, people will look back and wonder how we got scammed by governments to use paper to store our wealth.

[Rajat Soni, CFA @Rajatsoni]

4) Today the same trusted third parties we used to rely on will tell you that inflation is normal.

Learning about Bitcoin taught me that inflation is theft.

Inflation is a result of governments borrowing money to push THEIR agendas to enrich themselves.

How do you think they get the money in the first place?

Whenever governments borrow, they increase the supply of money in the economy and devalue any previously issued money.

This means YOUR wealth is being taken away from you without your knowledge!

[reni, the resource | finance & travel @xoreniii]

Hard truth: If you are in credit card debt, you have no business caring about credit card points & other rewards

[reni, the resource | finance & travel @xoreniii]

If you’re about to buy a home, please watch this so you don’t make this costly mistake 🫠

Full episode: https://t.co/eR5w5EUrQX