Nick and Nigel went down to Florida last week for another Rock Star tour of income properties down there.
And each time we go down we're slowly doing more and more "Florida things".
First off...Buc-ee's is the best gas station I've ever visited in my life.
It's more Disney than gas.
Here's what you need to know:
There are 70+ gas pumps at the station. Yes, 70+. The larger Buc-ee's have 100+ gas pumps.
They have unlimited flavours of beef jerky along a 50 foot wall.
The store is the size of a medium sized Walmart.
They cook fresh brisket multiple times a day and the employees sing a song each time a new brisket is ready. They have fresh candied nuts of all sorts. They sell Buc-ee's branded merchandise from BBQ tongs to swimwear.
You could spend an hour in the gas station store and not see everything.
It's unbelievable and I visit each time we go down, LOL!
This time Nick and Nigel went over to Daytona and stumbled upon the Daytona 500 which offers a NASCAR drive with a professional driver, LOL!!
So they both whipped around the track at 190MPH or 300km/hour!
How cool is that?!
Selfishly, I'm glad they survived it and managed to get to the property tour the next day.
By the way our next tour is in May 2025 and we're going to the Ocala and Citrus Springs market area.
After that we're going for a 4-day cruise with Rock Star members! So there's more fun in the sun coming up!
OK, on to serious business...
Life is about living, right?
We each have a finite amount of time and labour that we can offer the market.
In exchange for our time and our labour we "get paid".
Because the fiat dollar system isn't finite what happens is this...
People exchange their finite asset, their own time and labour, for something that is printed out of thin air into existence...the Canadian dollar.
Because the fiat Canadian dollar (CAD) is constantly adding to its own supply by the Bank of Canada, the money that people are trading for...loses purchasing power every-single-year like clockwork.
Instead of admitting this or discussing it we're all told to "invest".
This is hogwash.
After decades and decades of this the dollars earned today barely afford Canadians a reasonable living.
This forces people into all sorts of careers that they would otherwise not choose.
If making music doesn't pay the bills you're forced into finance. If being a teacher doesn't pay the mortgage you are forced into real estate. If becoming a coach of kids sports doesn't make ends meet you go into insurance.
It's soul crushing and it all results in misery for many people.
This is not the highest and best use of people in a society.
This is not how you live life on your terms.
Fortunately, back in 2009, Satoshi Nakomoto unleashed a revolutionary new monetary asset into the world.
One that is finite in its quantity and global in its reach.
A monetary asset that isn't created at the whim of the Bank of Canada and controlled by a small group of bankers...but a monetary property that each of us have permission-less access to.
And it's so decentralized that no one country or government can shut it down.
It's a blessing.
And it hit an all time high this week, both in USD and CAD.
(Quick Aside: We're always asked where we buy it...we use Bull Bitcoin and you can visit them via RockStarBTC.ca and get $20 when you create a new account. The team of people at Bull is first class. Tell them we say hello.)
So now, if we choose, we can save in a money that no central bank can dilute, debase, print more of, or control.
It offers us freedom. It gives us hope.
We believe it's something that will allow us to live life on our own terms.
And longer-term it will offer people the ability to have soul-fulfilling work that affords them a good life, a great life even.
Bitcoin will allow a community to be full of people focused on sharing their highest and best use instead of squeezed into a life crushing 9-5 existence.
Back to the Bank of Canada...
They're about to cut rates AGAIN in December.
Word on the street is that it's another 0.5% cut.
And some analysts are whispering about another 0.5% cut in January.
Can't wait to see the value of the Canadian dollar in 2025.
It's going to make those trips to Florida, for people who do not have hard assets (aka, income properties and Bitcoin) very difficult to afford unfortunately.
Most people are too busy working to understand what's going on but the math here isn't pretty.
Every new dollar that enters the system comes with interest owing.
To pay for the interest more dollars must enter the system.
All dollars are debt.
It's impossible for this system to pay for itself. The math doesn't work.
So more and more and more debt is the only answer at this point.
As Lyn Alden would say, "Nothing stops this train."
The reason the Bank of Canada is cutting rates isn't to "pump the real estate market" or to "juice the stock market"...those are likely desired second order effects, of course.
But they're cutting rates now so the very system that they are running, a fiat dollar system, can survive. There aren't enough free dollars in the economy at the moment to fund the banks and governments that are running it.
More debasement is coming, less purchasing power, real incomes are likely going lower.
This is by design.
But if you understand how to hold good assets like income properties and Bitocin you can step out of this madness and front run it all.
With 20% as a downpayment and historic 7% compound annual growth rates of real estate over medium and longer term...you earn 35% on your money.
Bitcoin's lowest compound annual growth rate over any 4 year window is 24%...it often sits around 50%!
So there is a way to save, build a life you love, and nourish the soul.
You just need to spend a little time understanding the game you're playing.
And when you do, the world is open to you, you can race cars at 300km/hour if you choose or go to 70 pump gas stations and buy fresh beef brisket...I mean can life get any better than that?!?!
Here's to living life on your terms.
Tom & Nick
