The balance-sheet cheat sheet:
Hold hard assets and cash-flowing assets on the asset side and debt on the liabilities side.
Method: Use debt to obtain the best cash-flowing assets (real estate rental property for example) using as much of other people’s money as possible.
The hard part is finding assets which a positive yield. A higher return than your interest payments (cost of capital).
Save any surplus cash in hard assets. Do your own research but some examples are #bitcoin, rare art/cars/watches, #gold, S&P 500 index, short-term treasuries, etc.
Avoid holding much cash (the saying cash is trash comes to mind).
Repeat.
#learn #nostr #nostriches #pleb #plebchain #cheatsheet #fiat #assets #debt #value #dyor #wealth
tonycarrera / Tony Carrera
npub15mw…zz9n
2024-07-02 15:11:14
Author Public Key
npub15mwtfq0va0l93srv3eyv3s00az2hr32e5phymaw2nz7mzyymz30sl8zz9nPublished at
2024-07-02 15:11:14Event JSON
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"content": "The balance-sheet cheat sheet:\n\nHold hard assets and cash-flowing assets on the asset side and debt on the liabilities side.\n\nMethod: Use debt to obtain the best cash-flowing assets (real estate rental property for example) using as much of other people’s money as possible. \n\nThe hard part is finding assets which a positive yield. A higher return than your interest payments (cost of capital).\n\nSave any surplus cash in hard assets. Do your own research but some examples are #bitcoin, rare art/cars/watches, #gold, S\u0026P 500 index, short-term treasuries, etc.\n\nAvoid holding much cash (the saying cash is trash comes to mind).\n\nRepeat.\n\n#learn #nostr #nostriches #pleb #plebchain #cheatsheet #fiat #assets #debt #value #dyor #wealth",
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