I’ve been living for FREE for the last two (2) years. Here’s how:

00:01 Hey everyone, I have been living for free for the last two years on Bitcoin. And in this video, I want to explain 00:07 what I mean by that, how it worked, and how it all fits together. Okay, so what do I mean by living for free? Well, if 00:14 you buy an asset and then that asset appreciates and you spend the 00:20 appreciated amount and then you still have the same US dollar value of the 00:26 amount you started with, then you know, sort of hypothetically, you're sort of living for free. So, let me use an 00:32 example, the world's most simple example. Let's say it costs you $100 a day for your family to live. Just $100 a 00:39 day. And you want to live for free for a day. Okay. Well, let's say you save up a 00:46 uh you know 10 days worth of living expenses and you stick them in Bitcoin 00:51 and then you wait uh until the price of Bitcoin appreciates meaning increases by 00:57 10%. And then you use the 10% increased amount to pay for living expenses for 01:04 one day. Uh at the end of that process, you would have started with $1,000 10 01:09 days of living expenses. you would have waited until the price was $1,100. 01:14 You would have spent the $100 and at the end of that process on day 11 would 01:20 essentially have been living for free because the uh at the end of day 11 you 01:26 would still have spent uh 10 days worth of US dollars, meaning $1,000 to live 01:32 for 11 days instead of 10 days because essentially you got that 11th day for free. Now this is not unique to Bitcoin. 01:39 Technically, this is the way all investments work. The big difference with Bitcoin is you can actually spend it. So, um, most people don't think 01:46 about it with other investments where it's like, well, yeah, technically you can buy Amazon or Apple or Tesla or, um, 01:52 Google or Microsoft, whatever shares, you can wait for them to go up 10%. And then you could sell them and then or 01:59 sell 10% of them and then pay for sort of a free day of living expenses. Uh, you can theoretically do that, but for a 02:05 bunch of reasons, I think Bitcoin works way better to do that. First, first of all, you can actually spend Bitcoin. You 02:11 can't walk into a grocery store and spend your Tesla stock or your Amazon stock on stuff. There's just there's no 02:18 debit card that you can get that is tied to your Tesla or Amazon stock. Second, I 02:24 think all of those assets have way more risk than Bitcoin. So, if somebody told me they were going to attempt to do that, uh I would be much more concerned 02:31 that they would end up upside down and uh and it not work out. And in all of 02:36 those, you have a lot of risks that you don't have with Bitcoin, including, you know, what if it's the company's badly 02:42 managed? What if it hits a rough patch? What about competition? There's just a bunch of risks to other assets that uh 02:48 you don't have with Bitcoin for a bunch of reasons that I've covered in other videos. And the benefit, of course, of 02:53 Bitcoin that you can actually spend it. Okay. So, I've already talked about sort of how you could live for free for a day 03:00 by putting in, you know, 10 days worth of living expenses. let's call it $100 a day for 10 days, $1,000 in Bitcoin, 03:07 waiting however long it takes, maybe a week, maybe two, maybe a month, maybe two, whatever, who knows, until it's up 03:12 10%. Then spending with the Coinbase debit card, which is the debit card you 03:17 can get from Coinbase, the largest uh cryptocurrency exchange, which is like a cryptocurrency bank. Um, you can get the 03:24 Coinbase debit card and you can actually literally spend $100 anywhere, anywhere that Apple uh Apple Pay or Google Pay or 03:32 literally it's a debit card. you can like shove it in a, you know, an ATM machine and you can pull out US dollars 03:37 or any other currency. Anyway, it's a debit card that's accepted anywhere that Mastercard, Visa, or contactless 03:43 payments are accepted, which is how I buy everything with a Coinbase debit card. Okay, so how am I been living for 03:49 free for 2 years? Well, the answer is I just did the exact same strategy there. 03:55 I just did it on a larger scale. rather than taking 10 days or a month or or whatever, I took 18 months of living 04:02 expenses back in the fourth quarter of 2022, I took 18 months of living 04:07 expenses and I put them in Coinbase in Bitcoin. Now, obviously, again, I am not 04:12 saying everybody has 18 months of living expenses laying around. Uh I'm saying this strategy works whether you have 18 04:18 days of living expenses or, you know, 18 hours of living expenses. You can even do this with $10, but you're really only 04:25 going to buy a donut or a cup of coffee once or twice a year if you take that strategy. Uh if you want it to be sort 04:31 of an evergreen debit card that you can buy coffee and donuts forever, you could do that with a Coinbased debit card for 04:36 10 bucks. Uh but that's probably only going to buy you a donut or a cup of coffee once or twice a year for the rest 04:41 of your life. And at the end of your life, you would have spent thousands of dollars even though you only started with 10. But your only benefit would 04:48 have been a cup of coffee or a donut once or twice a year. So obviously I was trying to do this on a much more uh 04:54 higher magnitude scale. So you but you could do this with you know any amount of money and any time period if you have 04:60 enough patience. And at the end of this video I'll cover sort of what can go wrong and you know objections to the strategy and things like that. Okay. So 05:06 number one I did it with 18 months of living expenses. So why 18 months? One I was trying to create an evergreen debit 05:13 card. Meaning I was trying to live for free. I was trying to literally um get to the point where the amount of Bitcoin 05:19 I had allocated to this strategy would uh would be enough that it would just 05:24 never run out. And I estimated based on uh the performance I anticipated with 05:30 Bitcoin that I would need to start with something like 18 months of living expenses. Um the strategy actually 05:36 worked out better than I anticipated. So in retrospect, I could have started with less. I probably could have started with 05:42 somewhere between 12 to 15 months and still uh have created an evergreen debit 05:47 card, but I started with 18 months. It's just that Bitcoin has performed better than I anticipated over the last 2 05:54 years. Um and as a result, it's uh I could have started with a little less. I could have started with probably 18 uh 06:01 sorry uh 12 months or 15 months of living expenses, but I started with 18. Okay. So, I started with 18 months and 06:07 then what happened? Well, I waited to use the debit card until Bitcoin was consistently 15 or 20% above the price I 06:14 had bought it for, which in my case, the timing ended up being relatively good. So, that was just a matter of weeks. Um, 06:19 and I think that's probably still the case now, but who knows? I mean, you just don't know. And Bitcoin's been mostly trading sideways for 7 months 06:25 now, and I think that's about to end or potentially already has ended, but you know, who knows? You could always end up 06:31 with a period of time where you're just stuck waiting. Um, which of course is one of the objections that you end up, you know, hitting a, you know, bad 06:38 timing and that you end up waiting to live for free, whether it's for a day or for the rest of your life. You end up 06:44 having to wait an extra 18 months before you can live for free for a day. Well, you can always buy more Bitcoin and just 06:50 do the strategy at a at a larger scale, which I'll cover as well. But anyway, so I bought 18 months, waited a couple 06:55 weeks, you know, 3 weeks, whatever it was, and then I started uh the price was about 15% higher than what I paid for 07:01 it. So I started using it for all expenses. Um, literally everything, like 07:06 every family expense. Uh, and below $2,500. The limit on the Coinbase debit 07:12 card is $2,500 for a single transaction. So there are a few things that I had to 07:17 put on uh a credit card and then pay it back with Bitcoin. um and that that 07:22 would still enable it to um you know that the the numbers I'm going to give you as I walk through this uh do not 07:28 count some large uh international travel for example uh like when we went to Thailand the tickets were above uh were 07:34 high enough that we had to put them on a uh credit card and then pay back with some you know selling some Bitcoin and 07:40 paying it back that way. So the numbers I'll cover do not cover some uh some very expensive sort of international 07:46 travel. But even if you factor that in, I'm still living for free. It's just uh the numbers are slightly lower, but I'm 07:53 still living for free. So, uh anyway, uh in short, you know, basically I uh that 18 months is still I have more than 18 07:60 months of living expenses after 2 years of using the strategy. Okay, so let me walk through it. So, I put 18 months of 08:05 living expenses in the Coinbase uh account. I get the debit card. I wait a few weeks and I start spending it when 08:12 the price is consistently above, you know, 15% higher uh than, you know, 15 to 20% higher than the price I paid for 08:19 it. Okay, so that's literally that's all I did. And then I just did that for 2 years. And so the price went up, the 08:25 price went down. Um the thankfully uh because I had waited to start using the debit card until the price was 08:31 consistently higher, the price never back never went back down as low as the price I had bought it. uh if it did, I 08:38 would have stopped using the debit cards temporarily and waited for the price to return to a price that was consistently 08:44 higher than what I paid for the Bitcoin. Obviously, you do not want to do the reverse strategy, which is buy the 08:49 Bitcoin at one price and then sell it when it's lower. That obviously, you know, does the opposite of the strategy 08:55 we're trying to accomplish here. So, um so, but that did not happen in my, you know, case. Had it happened, I would 09:02 have just stopped using the debit card or I would have bought more Bitcoin at a lower price if I felt like the price 09:07 was, you know, low enough as compared to the price I had originally bought it for that it was worth sort of stocking up on 09:13 a little more Bitcoin. But in my case, um, in my case, the, uh, you know, it worked out well from a timing 09:18 perspective. So, um, anyway, so I've just used the card for the last two years. Okay. So, what happened? Well, 09:25 the price of Bitcoin appreciated faster than my uh use of the debit card cuz 09:32 again, my goal was to use 118th of the uh funds on the card every month. And 09:38 because Bitcoin appreciated even though it was volatile, it goes up and down on its way up. Um so some months, you know, 09:45 it looked like the strategy was working better. Some months it looked like it was working not as well, but it was 09:50 always positive. It was always it was always up. it just wasn't always as up uh from, you know, monthtomonth. But 09:56 anyway, so I've used the card for two years. So I pulled the uh stats this morning uh this morning when Bitcoin was 10:03 right at 67,500. So at 6750 the price this morning, I have spent 10:10 135% of the funds on the card. So whereas normally the funds would have 10:15 run out at the 18-month mark because that's how much I had allocated in US dollar terms, the funds have not run out 10:21 even though I've spent 135% of them, meaning I spent all of the original funds, I put in plus 35% more. And 10:29 rather than the, you know, the uh the 18 months of living expenses lasting, for 10:35 example, for 2 years, which is how long it's actually been, uh I still have the equivalent of 2.6 six years left of 10:43 funds. So I started with 18 months, spent it for 2 years, and now I have 2.6 10:48 years left of available spending. So by percentages, I know this is a lot of 10:53 numbers, forgive me in advance, but um the balance in the Coinbase account is 10:58 130. Sorry, I spent 135% but the balance is 173% 11:05 of the starting balance. Meaning even though I've spent 35% more than uh the 11:11 card started with the car even after two years of spending, the card still has 11:16 73% more than when I started. Uh meaning of course that it the price of Bitcoin 11:22 had to appreciate enough to enable me to spend the original balance plus the 35%. 11:28 And still have 173% of that balance left. Uh so if you add all those numbers 11:34 together, you're ending up in the, you know, ballpark of a 300% increase in the price of Bitcoin over time, which is, 11:39 you know, roughly what it's done, but it's not, you know, uncommon for it to do that over, you know, various periods of time. And I think it's relatively 11:46 likely that we'll get a a doubling or tripling of the price of Bitcoin uh in the next, you know, 12 to 18 months, 11:52 meaning it seems like a good time to employ this strategy even now. Uh Bitcoin does seem to have sort of three 11:58 up years followed by one downyear. Um so uh for example the we're sort of uh you 12:05 know in the second half of the second of the three typically up years. So everybody I know in Bitcoin is expecting 12:12 a uh a very strong end to this year and an amazing 2025. Now is there any way to 12:19 predict that with certainty? Of course not. It's just that the cycles of adoption, all technology goes through 12:24 cycles of adoption and we are in the sort of uh the the last one-third or the 12:31 last let's call it the last half of a major adoption cycle meaning 2025 should 12:36 be fantastic. Uh which means Bitcoin bought now I think at 67,500 12:42 is likely to peak at I don't know somewhere between 160,000 and I don't 12:48 know 240,000. Pick a number. I don't know. Nobody knows. Um, but I think it's a obviously I would not be advocating 12:54 for the strategy or sharing it with you if I did not think now was not a good time to buy Bitcoin and if I did not 12:60 think this strategy would work uh going forward. Now, I can't promise it's going to work as well as it's worked for me. 13:06 for example, rather than in the fourth quarter of last year, um uh when I or 13:12 sorry, the fourth quarter of 2022 when I loaded up on that 18 months of living expenses in Bitcoin, um someone messaged 13:19 me uh recently and said, "Hey, I did your strategy, but you know, I bought in the sort of the, you know, first half of 13:25 2024 and they put in 6 months and it lasted for eight months." Okay, well, 13:30 good for them. like they got e, you know, even though Bitcoin's been mostly trading sideways the last seven months, 13:36 there was still enough upside even this year that they were living for free on that debit card, at least the expenses 13:42 associated with that that debit card, which I don't know what percent of their total living expenses were associated with that debit card. But whatever that 13:49 is, they were essentially able to spend for two extra months. And so again, you 13:55 put six months of expenses, you know, aside and it lasts for eight months. Well, two months is a long time. That's 14:02 a that's a lot of extra purchasing power that you would not have otherwise had. And the person who messaged me said, 14:08 "Hey, that works so well." uh and it seems like a really good time, you know, in the Bitcoin cycle to be buying 14:13 Bitcoin that now they are going to put 18 months of living expenses in right now and see if they could replicate the 14:19 strategy in a way that works even better given the fact that um you know the next 14:24 year or two or let's call it the next year should be uh very very good for Bitcoin and they're starting with buying 14:31 Bitcoin at the tail end of 7 months of sideways mostly sideways price action uh 14:37 rather than when they actually bought Bitcoin which again had some upside but not as much as uh go forward uh as 14:43 everybody anticipates Bitcoin will have going forward. Um okay so so that's the strategy to recap. You buy Bitcoin, you 14:51 wait, and you spend it when the price is higher. And if you do that, you could potentially end up with an extra living 14:59 free for a day or a week or a month or hopefully, in my case, the rest of my life because I started with 18 months, 15:07 lived off of it for 2 years, and now I have 2.6 years. Now, if you if you factor in some of the international 15:13 travel I talked about, that probably takes that 2.6 years down to 2.3 years 15:18 or 2.4 4 years or something like that. It's probably not quite 2.6 because that 15:24 2.6 years of runway before the uh the debit card is sort of scheduled to run 15:30 out at the current price and my current spending levels uh that does not count again a couple of uh expensive 15:36 international trips that uh for plane tickets specifically. I used the debit card for all other expenses, but the 15:42 plane tickets specifically were above $2,500 and therefore I had to use a different card and therefore I used 15:48 different Bitcoin. So, but even if you factor that in, I'm still living for free. Instead of 2.6 years of runway, 15:55 I'd probably have more like 2.2, 2.3, 2.4, 2.5, something like that. Just it's 16:00 something less than 2.6. Uh because that does not include those international flights specifically uh the plane 16:07 tickets. Everything else was booked boo booked with the debit card. It just doesn't include the plane tickets since they were above the $2,500 uh 16:14 individualized uh spending limit. So, uh so what are some of the objections to 16:19 this strategy and what could make it not work? One is your finances. Absolutely. 16:25 Well, let let me first cover this is not tax advice. This is not legal advice. This is not accounting advice. This is 16:31 not any sort of professional advice. This is just my random musings of what works for me. Uh, do with it whatever 16:38 you want, but it's not advice. Okay. So, what could make the strategy go wrong? One, you buy Bitcoin and it goes the 16:45 wrong way in price. Now, long term, I think it's virtually guaranteed to go the right way in price. But in the short 16:50 term, uh if your finances don't have the flexibility, uh you could be stuck in a 16:56 situation where you, let's use a simple example, you buy 2 days of living expenses, wait for Bitcoin to go up, but 17:02 it goes down 10%. And then you're forced to liquidate that Bitcoin and spend that money because of some unexpected medical 17:09 expense or something like that. And so you were hoping to spend it when it was worth 10% more, but now it's worth 10% 17:14 less. Well, that is employing the strategy exactly in reverse, which is not working for you. Um, it's like in 17:22 any sport where you're throwing the ball the wrong way down the court or the wrong way down the field. Uh, so the 17:27 simple solution is don't do that. Um, don't use money. Don't employ money in 17:32 this strategy that you're going to be forced to liquidate or forced to spend 17:38 because you don't have the flexibility to just wait. I am very confident with Bitcoin as long as you can just wait, 17:44 you will always end up. Now, where we are right now, I think you're, you know, 17:49 your wait will not be very long. Um, you know, call it weeks, you know, month or two, hopefully not more, but you don't 17:57 know. It could be months or it could be a year. I mean, you just don't know. So, even though Bitcoin historically has 18:02 always gone back up, that does not mean you can't get near-term dips. Even though most people will tell you that 18:08 the next big dip in the price of Bitcoin is probably not until 2026, which is not this year or next year, but 18:14 the year after next year. Um, but something could change. There could be a massive World War II. There could be a 18:19 global recession. I mean, who knows? Crazy stuff happens. So the first thing is you need to, you know, employ the 18:26 strategy only if you've got enough flexibility that if Bitcoin goes the wrong way, you do have other funds 18:32 somewhere that you can use to pay whatever it is that came up, medical bills or, you know, expenses or 18:38 whatever. So I'm not saying use the exact dollars you absolutely positively have to have for the next three months 18:44 to buy Bitcoin with absolute certainty that you're gonna have to buy uh, you know, that you're gonna have to spend it 18:50 in the next three months. If you do that, you can do that. There's nothing wrong with doing that, but you just need to use um you need to plan to buy in 18:57 Bitcoin back at lower prices. So, if somebody said, "Well, I've only got, you know, I don't have a lot of flexibility 19:03 in my finances," I would say, "Well, that's fine, but you just got to be aware that if Bitcoin the price goes the wrong way." When you're done spending 19:09 Bitcoin at, you know, whatever, $70,000 per coin, or let's say you buy it for 67,000 and it goes to 65, well, that's 19:17 fine, but then you got to buy back that Bitcoin at 62. like it's you know you got to have flexibility. If you don't 19:23 have any flexibility you can absolutely end up upside down with the strategy. So one you got to have flexibility that in 19:30 worst case scenario you just wait. You just wait and you just patiently wait for the price of Bitcoin to go the right 19:37 direction. If you do not if you are not patient or your finances do not have enough flexibility then again this 19:44 strategy may not be for you. So, uh, it's just the only strategy I found that works and I, you know, did a lot of 19:50 researching and all that sort of stuff. Um, so one, if your if your finances do not have flexibility, you could end up 19:55 upside down with this strategy, so don't do it. Uh, number two, a lot of people think, well, it's, you know, be nice to 20:01 have 18 months of living expenses. Again, you can do this with any amount of living expenses. It's just a question 20:06 of are you trying to live for free or are you just trying to make up for inflation? It's it's way way way way 20:13 easier to just make up for inflation. you could probably make up for all the inflex in you know costs of in uh or the 20:19 you know the the impacts of inflation just by putting a couple weeks or a month of living expenses into Bitcoin 20:26 and then just waiting you know 6 months 12 months or a year before you start spending it and you probably undo 100% 20:33 of the impacts of inflation since the year 2020 something like that I don't know but the short take is if you're 20:39 trying to live for free that you know initial upfront Bitcoin purchase has to be a lot more uh in my case it was 18 20:45 months. Um, but if you're trying to just counteract the effects of inflation, you can start with a much much much lower uh 20:52 initial purchase and a much lower balance, which is probably way way way more compatible with where the vast 20:58 majority of people are. Um, so, um, again, it depends on what you're trying to accomplish. And if you're trying to 21:03 accomplish just like I want a free cup of coffee, well, great. then, you know, 21:09 put $10 in Bitcoin, wait a year till it's 20 bucks, and then go buy yourself a $10 cup of coffee. So, you can do 21:16 that. Um, also, I posted uh on Facebook a link about how taxes work with 21:22 Bitcoin. Um, it's actually relatively tax efficient to use this strategy, uh, but it's not zero taxes, obviously. So, 21:30 uh, make sure you read that. And again, if you do buy $10 of Bitcoin, wait for 21:35 it to double in value, and then you go buy a cup of coffee, just understand that you will be charged some little bit 21:40 of tax on that appreciated Bitcoin, uh, because you will be selling, in the case of $10 that goes to $20. If you buy a 21:47 $10 cup of coffee, uh, or let's call it an $6 or $8 cup of coffee, you will be charged, you know, I don't know, 50 21:54 cents or 25 cents or a dollar of taxes or whatever it is. And you got to be prepared to to pay those. But Coinbase 21:59 makes all of that uh very simple. You can integrate it with Turboax or you can download the forms and give them to your 22:05 tax advisor. All of which is uh Coinbase makes very easy for you. Um okay. So, uh 22:11 the things that could go wrong, one, Bitcoin could go the wrong way. And you've got to be prepared to either have the patience to wait it out or to buy 22:18 more Bitcoin at a lower price. Either one. But you can't you can't just the p 22:23 if the if the price of Bitcoin goes the wrong way and you sell it while it is down. This strategy is not working for 22:30 you. It's doing the opposite. So you got to have the patience to either wait or the courage to buy more at a lower 22:36 price. Um either of those strategies works. Obviously buying more at a lower price works better, but that means you 22:41 got to have the conviction to actually do it. And you know, not everybody does. Okay. So, we covered the fact that if 22:47 Bitcoin goes the wrong way, you got to be patient or buy more when it's down. Um, you've got to be, you know, willing 22:52 to pay the taxes on it, but obviously that's the same with any investment. Any investment that appreciates in price 22:58 that you then uh get liquidity on, meaning you liquidate it to buy something, whatever it is, you got to 23:03 pay taxes on that gain. That is not unique to Bitcoin. That's the way all things work. Um, but again, Coinbase 23:09 makes it easy for you. Um, we covered the what if I don't have 18 months of living expenses. Of course, the strategy 23:15 works with $10. It works with $1,000. It works with $2,000. It works with any 23:20 amount of money. The question is, how much, you know, h how much capital do you have? And is it just enough to 23:28 counteract the effects of inflation? Or is it just enough to counteract the in the effects of inflation and buy you a 23:35 day or two of free living here and there? or is it enough to counteract the effects of inflation and buy you a week 23:41 or two of free living or a month or two of free living or in my case two years 23:46 of free living and hopefully uh you know the rest of my life free living. Uh the 23:52 the way it's going seems to be potentially possible that it could just I could use this debit card for the 23:57 entire rest of my life. Okay, so one thing I wanted to cover in addition was what happens in a bare market which is a 24:03 down market meaning Bitcoin's price goes the wrong way. And the answer is your goal is to have enough Bitcoin that you 24:11 you're not just barely holding at the level with your head above water. The goal is for to have enough Bitcoin and 24:18 to spend it conservatively enough that you get your head solidly out of water so that when a price correction comes 24:25 that the uh your head's still well above water. So let's take it in my case. Okay. So I put 18 months of living 24:31 expenses in. I use them for 2 years, which is obviously 6 months longer than just 18 months. I use them for 2 years. 24:37 And at the end of that, right now, I have 2.6 years of living expenses left. Now, before the next Bitcoin bare 24:45 market, before the next major price correction, I think that 2.6 years will go up to 3 years or four years or five 24:53 years of living expenses. I don't know, but some number that's significantly higher than it is now. and then the 24:58 price of bit Bitcoin will probably correct by let's call it 50%. So the goal is to just have enough Bitcoin that 25:05 you can ride that out because even in a 50% price correction, you're still above that sort of initial number. So let 25:12 let's use conservative numbers here. Let's say Bitcoin barely goes higher than it is now and then there's a 50% 25:18 price correction. Let's I'm using off the top of my head math, but let's say we go from $67,500 25:25 up to 80,000 and then we get a massive 50% price correction. Well, roughly, I'm 25:30 guesstimating here, but roughly in my head, that would mean the 2.6 years goes up to 3 years, then the price drops in 25:37 half of Bitcoin temporarily uh before it marches back up to new all-time highs. 25:42 And so my three-year runway back drops back down to 18 months very temporarily. 25:48 Again, I'm no I'm still at 18 months of runway. I'm still living for free. It's just I went from, you know, uh 18 months 25:55 of living expenses with a 2x padding down to just a 1x padding. Uh so the 26:00 runway got a lot shorter, but then price the price of Bitcoin continues to grow from there. And that 18 months starts to 26:06 march forward again. And before hopefully before the next bare market in 20, let's see, if we get one in 2026, 26:12 the next one's probably in 2030. So in 2030 hopefully this debit card has marched back up to you know 3 plus years 26:19 of living expenses and then if the price drops 50% again well it drops back down to 18 months but you know I can I can 26:25 work with that and that's no problem. So the goal with this is obviously not to spend every penny above the amount you 26:32 put on the card because then in a price correction it's going to drop below that 26:37 level. So ideally you leave enough buffer there that the price can go through a significant price correction 26:43 and still end up with you having a solid balance uh still to work with. And then of course in my recommended strategy you 26:50 never stop buying Bitcoin. So you know even in a world where I've been living for free for 2 years it's not like I'm 26:56 not buying more Bitcoin. I'm just buying more Bitcoin and you know safely you know keep keeping it offline in cold 27:03 storage with you know stuff like Bitkey. So uh but that's all tracked completely separate from uh this debit card 27:09 strategy. So this debit card strategy uh the numbers I gave you assume zero incremental new bitcoin is added to the 27:16 mix. They assume that the only bitcoin added was a single lump sum purchase at the very beginning. So all the numbers 27:21 I'm giving you do not assume that there's any additional bitcoin purchases. But I obviously you know 27:28 that's not because I didn't buy more bitcoin. I just bought it uh and tracked it separately because I'm a huge fan of 27:33 bitcoin. I've been accumulating Bitcoin very aggressively, but I've done that all independent of this debit card 27:39 strategy so it would not mess up the numbers. Um, so anyway, so yes, I would say accumulate as much Bitcoin as you 27:45 possibly can through all available avenues. Um, okay. So one other 27:51 objection people sometimes have is they're like, "Hey, that sounds like headaches and trouble with taxes and stuff. Why don't I just buy Bitcoin and 27:59 then sell whatever part of it I need to and then fund the fund a debit card or a credit card, a regular old US dollar 28:05 debit card, a credit card with those funds and do it that way. You can do that. The challenge is it results in you 28:11 having to have a balance somewhere of US dollars. In the case of the Coinbased debit card, I don't have to have a US 28:16 dollar balance because it spins the Bitcoin, you know, immediately from my Bitcoin balance, which means I'm not 28:22 stuck having to have a debit card bank account balance sitting somewhere just to service that debit card. So, it 28:29 eliminates that. And two, there's something very powerful about using Bitcoin in its intended purpose, which 28:36 is as money. And when you use it that way, it is a lot more powerful when you realize like I mean when you when you 28:42 you know double click the little button on the side of your Apple Watch, hold your, you know, wrist out the window at Chick-fil-A and they hold the little 28:50 scanner up against it and you pay with Bitcoin and they don't even know it's Bitcoin, but they don't even care because, you know, somewhere in the 28:55 background Visa and Coinbase are giving them US dollars or, you know, whatever the local currency is in whatever 29:00 country you're in. There's something very powerful about that of just seeing Bitcoin used the way with all of its, 29:07 you know, glory. Uh so it's not that you can't buy Bitcoin and then just liquidate it, trans, you know, use a 2% 29:15 disc, you know, 2% cashback credit card. Um, you know, you go buy everything and 29:20 then at the end of every month to pay your bill, you liquidate some Bitcoin and you pay off your, you know, credit 29:25 credit card statement. You can do that and it works mathematically kind of the same to what I'm describing. The 29:33 difference is you're never really experiencing like human flight. It's more like your your wings are clipped 29:39 and it's like I mean yeah you can do that but you know you could also do that with gold. Theoretically you could go to 29:46 you know a pawn shop at the end of every month and take them a little nugget of gold and then they would give you dollars and you could pay off your 29:52 credit card bill. But again, you're you're never really experiencing what Bitcoin's really capable of or was made 29:57 to do. And as a result of that, you don't get the real Bitcoin experience in my experience. So, when I got the 30:05 Coinbase debit card and realized, wow, I can buy everything in my life with Bitcoin and I can do that anywhere in 30:12 the world in any currency and I can pull money out of any ATM in the world, you know, and it automatically converts 30:18 Bitcoin to the local currency. When you have that experience, you realize, okay, 30:23 I'm really using the money of the future. Like, this is this is the money of the future. Everyone will eventually 30:29 use Bitcoin this way. And it's just very clear when you use the Coinbased debit card that this is how money was intended 30:35 to work. Money is supposed to increase, not decrease in purchasing power. And I can use this anywhere to buy anything. 30:43 It's just very powerful. So even though mathematically you can come close by 30:48 again getting a 2% cash back credit card, you know, using your credit card to buy stuff and then having 18 months 30:55 or, you know, a year or one month or 10 days or $10 of Bitcoin and then just 31:00 liquidating it at the end of every month. You know, the taxes would work the same, the the math would work 31:05 roughly the same, but you would you would not be experiencing Bitcoin the way it was meant to be experienced. Uh 31:12 it'd be very similar maybe in the early days of the internet for somebody, you know, printing off high resolution, you 31:18 know, really cool artist renderings of dragons and whatever else, which is what we did in the early days of the the 31:24 internet, and somebody showing it to you, but you never actually got to surf the internet. You just got to see the 31:29 cool stuff that was on the internet that somebody printed out for you. And it's like, no, like the power of the internet is actually being on it. The power of 31:36 the internet is being able to click stuff and buy stuff and you know interact with people on social media and 31:42 if you never actually did that there was always somebody sort of an in between you never really experience the 31:48 internet. So uh or for example maybe with social media that some a friend of yours is always telling you what's going 31:54 on on Facebook. Well someone telling you what's going on on Facebook is totally different than experiencing Facebook 31:60 yourself. So again, I'm not saying you can't sort of replicate in in a clunky 32:05 way by buying, you know, buying Bitcoin and then liquidating it to sort of live for free here and there uh with your 32:12 existing debit cards and credit cards. It's just you're not really experiencing the power of Bitcoin. And in my 32:17 experience at least, it was very powerful when Bitcoin when I realized, hey, this is the future. In the future, 32:25 everyone will have Bitcoin debit cards and that's how they'll buy everything with. And they'll work just the way the 32:31 Coinbased debit card was does, which is like, you know, one day your your bank that you bank with locally is going to 32:40 issue a Bitcoin back debit card and you'll have a US dollar balance and you'll have a Bitcoin balance and you'll 32:45 be able to select in your mobile app uh whether you want to spend your Bitcoin balance or your debit card uh US dollar 32:52 balance. Every bank's going to issue those. You know, it might take five or 10 years, but that is the future. And 32:58 when you experience that future now, it's just very powerful. It tends to make you buy a lot more Bitcoin, which 33:04 tends to make you a lot uh better off long term. Uh but it also just it gives you a real view into again like the 33:11 internet or electricity or the automobile. It's just totally different experiencing it yourself versus let's 33:17 you know like an automobile. It's like no matter how many times somebody told you what it was like to drive in a Model 33:22 T Ford, I got to imagine when you actually climbed in yourself the first time or you know human flight, the very 33:28 first time you actually flew in an airplane yourself, it's just different than someone telling you about it. So I 33:33 would compare the sort of using other debit and credit cards to someone sort of telling you how it works, but you're 33:40 not really using Bitcoin to buy stuff. Um, and that's just I think very powerful. So those are all the thoughts I have. Uh, strategy is working great. I 33:47 posted all the numbers. Um, I've been living free for two years. This is not tax, legal, or accounting or any other 33:54 sort of professional advice. Uh, so get a professional adviser if you need professional advising. Uh, this is just 34:00 my experience and it's working fabulously well. And it is the power of Bitcoin in the real world. And that is 34:06 what happens when you use the money that can in the long term increase in purchasing power rather than decrease. 34:12 And again, you got to have flexibility because Bitcoin goes up and down on its way up. It just so far has always 34:20 eventually gone up. And I believe the same will be true for a many, many decades, hundreds of years, or thousands 34:26 of years to come. Have a great day, everyone. Thanks.