Our good friends Len and Joey from The Canadian Bitcoiners Podcast dropped off the most amazing gift ever.
Two tiny little Bitcoin miners.
This thing has the potential to win the “block reward” every ten minutes…which in Canadian dollars is just under $400K.
That’s why we’re smiling the way we are!
Now, the odds of us winning a block reward are about once in every 17,000 years…so we’re going to have to stay healthy, LOL!
In the last few months there’s been three instances where a solo miner has won the block reward, so never say never!
Anyway, thanks gentlemen, we love our little Bitaxe miners with the CBP logo on them.
OK, as you know we’re big believers in personal sovereignty.
We want to live life on our terms and we want to help as many people live life on theirs.
Here’s how we break things down:
When we first graduated university/college, Nick and I both picked up classic corporate type jobs.
While living at home, this allowed us to pay off school debt and save up a tiny bit of cash.
We did two things during this time in our 20s.
A) We combined our meager savings to buy the cheapest rental property we could find outside of the city.
B) We experimented with different businesses. We created websites for affiliate marketing, we spent a couple years studying and trading stock options, we learned sales, we studied something called “direct response marketing”, we played around with search engine optimization, etc.
This was our learning phase. Today, we would be all in on using AI tools to create websites very quickly to test out different business ideas.
When our business, sales and marketing skills built up to a high enough level by the time I was 33 and Nick was 28, we quit our jobs to create our own business.
Quitting our jobs at this point didn’t feel risky, even with families to support, because we had tested our marketing skills so much by this point we knew we could get customers for our business (Rock Star Real Estate).
This launched us into the next serious phase of our plan…
After working for ten years or so you should be entering a phase in your life where you can save enough to buy some high quality assets.
For us it was good properties in good areas.
The strategy still applies.
So you can stay in a good career, increase your income generation machine (see Step #1 above), and leverage that income to buy assets.
Because today’s monetary system decreases the value of the Canadian Dollar by about 8% annually, you need good, hard assets to “get ahead”.
The leverage of real estate really allows this hard asset to shine in this regard.
It’s why you’ll typically find most families who are “well off” owning at least some income property.
Next, if in your income generation above you chose to start your own business then you have an added bonus.
If you get good enough at business building, that business can turn into a real asset for you as well.
And the best part is it was created from scratch. You invested your time and labour, likely way more than you expected, but a low amount of cash was required.
Your own business can be a serious cash flow machine for you and if you grow it with proper process, it can be turned into a real asset that banks will lend against, etc.
It’s a very high return on your time and labour (but also filled with risks that it won’t succeed, of course…which can be mitigated with good understanding of sales and marketing).
Assets that spit off free cash flows are obviously hugely valuable when trying to live life on your own terms.
You can buy a business too, that’s another way. We actually look at rental properties as “businesses in a box”. You are in the business of providing housing that has a never ending demand, especially when you focus on starter homes in good areas.
Your income generation and your asset stockpile will eventually lead to…
Your savings offer you real freedom.
If there’s ever a problem with your income generation or your asset stockpile then your savings are the cushion.
When we were in our 20s and even in our 30s we were running low to negative in this area.
All our cash flow was going into #1 and #2 above.
But eventually you should be able to create enough income and enough cash flow from assets to really ramp this up…that’s the goal and focus.
As you enter your 40s and 50s you’ll want some savings for peace of mind and to live life on your terms.
Ideally you’re looking for what’s often referred to as “F U money”, LOL.
F U money is enough financial ability to be a true sovereign individual.
For us it is important to have control over our lives, our finances, our movement, everything.
This lead us to multiple citizenships, multiple family homes (one in a different country) and to save in different currencies.
Our longer term savings was mostly in gold.
The reason it was in gold is because gold doesn’t have counterparty risk, unlike bonds or equities.
Gold’s compound annual growth rate from 2008 to present day is about 7.5% or so…so it does its job and protects our purchasing power.
Today, our choice leans much more towards Bitcoin for similar reasons and it’s much more mobile and easy to securely store with multi-sig solutions etc.
This combination of…
Income Generation Machine + Asset Stockpile + Long Term Savings Stockpile...
…isn’t complicated, but few do it.
And if you do, it sets you free.
Now that we’ve covered this, a couple of things:
1. We’re doing another trip on hard assets in Florida. If you want to explore that with us and you’re a Rock Star member just reach out to the office for the details. Right now it's set for the end of April.
If you’re not a member and want information on that reach out to Members@RockStarBrokerage.com
Hard assets denominated in U.S. dollars are likely going to become more valuable in our humble opinion.
2. At our next Your Life. Your Terms. Event we’re covering all three of the things we’ve discussed here. We’re going to have sessions on real estate, long term savings with Bitcoin, and for the first time in a long time…a business building and marketing talk with myself and Nick where we share exactly how we built multiple 7-figure businesses and an 8-figure business from scratch.
You can find out details of what’s going on here: www.YourLifeYourTermsEvent.com
Grab a seat while you can because we’re going to fill the place!
That’s it for this week, everyone!
Tom & Nick
p.s. Go Leafs Go…this is our year!!
