Michael Saylor: How to Build Wealth If You Live Paycheck to Paycheck

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#money #Bitcoin #investing

[martinsriggs]

The teachings on this channel are always top notch so informative and easy to understand, it's very hard to find good content online these days

[millenialmemoirs]

I’m ultra familiar with living paycheck to paycheck; same as my parents and grandparents. I spent my 20s living paycheck to paycheck despite making everywhere from 40K to 110K annually depending on the economy that year/my level of nihilistic depression. At age 30 I had a wife 6 months pregnant, a dead end job, yet I and discovered Saylor and Breedlove. Today I don’t have a fortune but we have hope, peace, vision, and focus following Saylor, Breedlove, Brunell, etc. into the 21st century frontier.

[jad]

I think Michael is trying to change the way people think about Bitcoin, and understand its true potential and importance. Once someone realizes how important it is they will be more open to things like; brew your coffee at home, don't go to starbucks; if you eat out everyday, cut it down to 3 days a week; cancel streaming service subscriptions, etc. Now is the time for sacrificing things that won't help in the future for something that will make you (and the world) better in the future.

[jacquesdutoit]

🎯 Key Takeaways for quick navigation:

00:00 💰 Accumulating wealth for average families: Dollar-cost average into Bitcoin over time.
01:21 🏡 Apex property: Invest in highly desirable real estate or unregulated digital monopolies like big tech.
02:15 💼 Generating wealth: Work hard to generate cash flow, use equity, intelligent debt, and cash flow to acquire assets.
04:09 🚫 Avoid mistakes in financing: Don't take on high-interest debt or raise money from wrong sources.
05:17 📊 Asset allocation: Proper asset allocation is key; focus on scarce and desirable assets that can't be easily replicated by AI or robots.

Made with HARPA AI

[johncoffee]

Great advice, thanks Natalie for bringing on Mr. Saylor. Please keep up the good work.

[matthewallen]

Does Unregulated digital monopoly mean shitcoins? I love the question Natalie, but I think it is hard for Saylor to answer as he has no idea what it is like to live paycheck to paycheck. Raising equity is not an option for these folks.

[Kaodusanya]

She asked about people living paycheck to paycheck and he said “dca with money you wont need for 4 years”!!!! Literally the opposite of paycheck to paycheck

[KK-sggl]

Everyone who claims they live paycheck to paycheck has a tv with Netflix and Disney+. And each kid has their own cellphone. They also have a truck for the husband and an suv for the wife.

The people who ACTUALLY live paycheck to paycheck don’t have time to complain about it online. They also don’t have time to watch these videos, so the message won’t get to them anyway.

As for the people I described earlier, learn to live BELOW your means. Well below. Become a minimalist. Save first, scrounge for money for expenses after. If you can’t scrounge enough up, sell the truck and get a beater car. No payments, insurance cost reduced 50%, cheaper on fuel. Always something you could do.

[_Satoshis]

I’ll repeat the question, Michael…”FOR THE PERSON LIVING PAYCHECK TO PAYCHECK”

[Kindred]

Love seeing my two favorite Bitcoin people at same time!

[dianadeejarvis]

People living paycheck to paycheck can hold desirable real estate?? 😂 Methinks he's out of touch. Bye.

[stephencummins]

What if you are a blue collar worker with a family to feed?

[DanJohnsonAffordableAviation]

I have often enjoyed hearing Michael Saylor, and will continue to do so for many years, I'm sure. His insights and experience are extremely useful. However… Natalie asked the question of how ordinary people — she cited people who had trouble paying for a $400 expense — how can people like that invest for an uncertain future? I think the answer is still bitcoin and dollar cost averaging is the response. Had Michael said something like "just a dollar a week will start to make a difference, " I think that would've been a more helpful bit of advice. Those ordinary people probably have a little idea how to buy a piece of luxury real estate, for example.

[undaflow]

Big question Natalie. Michael takes us on a reality check around the world of investing helping me know where I stand in the grand scheme… what are unregulated digital monopolies?

[derekbentley]

Risks as wealth in a bank account does nothing for either person

[andeglenderson]

I can't believe how most people can't see the entire monetary system doesn't serve them. It never has.

[konigvonpreuen]

Too long didn't watch: Sell your car, buy Bitcoin

[vladradek]

I have immense repect for Michael Saylor. But he kind of dodged the question here, didn't he? A family living from paycheck to paycheck has no money they don't need for the next four years... I guess there is no good answer to this one.

[michaelkennedy]

I’ve owned a small amount of BTC for two yrs and I’m still down 20% after DCA ing I can longer buy anymore due to family obligations . This is the one thing the wealthy don’t get .

[JScottAudio]

Did this guest not listen to the question!???

When your living paycheck to paycheck there is nothing extra to build wealth. You are a $400 emergency away from missing your rent or mortgage. What planet is Mr. Saylor on?