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If you don't own Bitcoin, it'll only get worse from here — Transcript

by Rajat Soni, CFA · 3,172 words · 464 segments · language en · Watch on YouTube

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0:00I found this video on Instagram and I
0:01want you to watch it till the end.
0:02>> I just got back home from a 12-hour
0:04shift. Tomorrow I work from 9:00 to
0:0810:00 and then the day after that I work
0:11from 10:00 to 10:00. It is currently
0:1311:00 p.m. I just got back home from my
0:1512-hour shift. I now have to wake up at
0:199:00 a.m. Probably 8:00 a.m. because I
0:21have to be there for 9:00. I can't
0:23afford to live on my own. I have five
0:25roommates. I don't have a car because I
0:28can't afford it. I'm in so much debt and
0:31honestly I'm just wondering like
0:34what the is like life right now?
0:38Like the fact that I'm working to
0:41exhaustion every single day and I still
0:44have nothing for my name is just
0:47absolutely insane and it just makes me
0:49so sad because I know that there's so
0:51many other people who are living like
0:54this and I just can't imagine that like
0:57this
0:58is what life is. This is the beginning
1:02of basically the end for me. Like I'm
1:04only in my 20s and I have to do this for
1:06like 10, 20, 30, 40 more years of my
1:10life? Like I literally see people that
1:12are like 80 years old still working
1:15because they can't afford to just relax
1:18and and like I don't think we were ever
1:20supposed to live like this. Like I don't
1:22believe
1:23that this is living. Like this can't be
1:26what life is meant to be. I haven't
1:30gotten a day off. I work every single
1:32day, Monday to Friday, Saturday, Sunday,
1:357 days a week, holidays. Like and I'm
1:38still poor. Every single payday
1:40I'm still poor. I don't know if I'm the
1:42only one going through this, but I just
1:44want to know
1:46how are people surviving? Because right
1:48now it's just like
1:49life is just like
1:52what is this?
1:53>> She's definitely not the only one going
1:55through this. She's not the only one
1:57experiencing this. From what I'm seeing,
1:59more and more people are experiencing
2:01this. And keep in mind, this is the best
2:04it'll ever be.
2:06You work till 70 now, maybe 80 in a few
2:09years, then 90.
2:11It'll just get worse and worse. People
2:12will
2:13expect to work until the day they die.
2:16They will die on the Walmart floor.
2:17That's what I keep saying over and over
2:19again. You're going to die on the
2:20Walmart floor if you don't make the
2:22right decisions today. If you don't make
2:24the decision to delay gratification, to
2:26buy assets like Bitcoin. If you don't do
2:28that, you are relying on your employer,
2:32and your employer needs you to be
2:34desperate so that you take a smaller
2:36salary to work for them.
2:38Your employer will pay you as little as
2:40they possibly can to keep you working
2:44for as long as possible. Your income is
2:47their cost. Why wouldn't they want to
2:49reduce their cost? They want to give
2:52their shareholders the biggest amount of
2:55profit possible.
2:57You're a cost. You're working for
2:59someone who has the opposite intentions
3:01that you have. They are not working in
3:04your best favor. They're not looking for
3:06your future to be positive. They don't
3:08care about you. You are irrelevant to
3:10them. This is why you need to put at
3:12least a small amount of your income into
3:14Bitcoin. If you can do that, over the
3:16long term, I think you'll be
3:18probably a lot happier than this person
3:20here.
3:21I don't know if she even has the money
3:22to do that. I mean, I get it. She's
3:24working 10, 12-hour shifts. You still
3:26have another four or five hours that
3:28you're awake. I get it. You're super
3:29tired.
3:31But this is the time to
3:33work even harder.
3:35Do things on the side that allow you to
3:37create a gap between your income and
3:38your expenses. I know you must be really
3:40tired. I know that this is not ideal. I
3:44know that you don't want to be working
3:4516, 17 hours a day.
3:48But at this point, there's nothing else
3:50that you can do. You have to either do
3:51something on the side that will give you
3:52some income so that you don't rely on
3:54your job as much and over time that
3:56thing that you do on the side could
3:57become your main income or you have to
4:00build skills that allow you to progress
4:02in
4:03the corporate environment. If you don't
4:06progress, you're going to continue to be
4:08paid the same and because we know what
4:09inflation is, because we know that
4:11inflation is actually decreasing your
4:13purchasing power, if you just keep doing
4:15the same thing over and over again,
4:16you're going to get paid less and less
4:18and less and your cost of living will
4:20continue to go up and up and up. I want
4:23you to take a look at some numbers here
4:24and I want you to pay attention to what
4:26you see. You can see here if you wanted
4:28to retire in 2026 with a $65,000 income
4:32and inflation is 2%, you need $1.6
4:35million or so. That's if inflation is
4:372%, but in reality, it's not.
4:40Inflation is much much higher than 2%.
4:43This is based on the 4% rule where if
4:46you were to buy stocks and you were to
4:47buy bonds, you had a portfolio
4:50of both of them
4:52diversified, you'd be able to pull out
4:544% of the value of your portfolio each
4:57year
4:58and or well, the first year you'd be
4:59able to pull out 4% and then after that
5:01you'll be adjusted to inflation. You'd
5:02be able to continue to do that for 30
5:04years and you wouldn't run out of money.
5:05This is based on again the 4% rule. You
5:07could also do something else where you
5:09divide your expenses by 12 months, you
5:11get about 5,500 a month or something
5:13like that. If you can find some way
5:15outside of your employer to make $5,500
5:18a month, you don't have to work for that
5:20employer anymore and you have your
5:21expenses covered. That's your retirement
5:23number. That's your freedom number. But
5:25based on these numbers here, based on a
5:262% inflation rate, your expenses are
5:27going to rise by about $15,000
5:32in total within the next 10 years. So,
5:34they're going to go from 65,000 to
5:3679,000, about 70, about 80,000 per year.
5:39If you're only getting 2% raises at
5:41work, then this is what you're going to
5:42be able to sustain. You'll be able to go
5:44from 65,000 to 79,000 in your expenses
5:47and you'll be able to pay for that with
5:49your job. But, let's say there's even 1
5:51year with an inflation rate that's
5:53higher than what you expect and higher
5:54than your income goes up. What are you
5:57going to do? You're going to have to cut
5:58your expenses. You're going to have to
5:59decrease what you spend money on, or
6:01you're going to have to work more, or
6:03you're going to have to find some kind
6:04of side hustle to pay for the difference
6:06in the expenses.
6:08Keep in mind, this is with a 2%
6:09inflation rate. As we go on, if we go to
6:11a 5% inflation rate in the next 10
6:14years, your expenses are going to go all
6:16the way up to 105,000
6:19dollars. That's with a 5% inflation
6:21rate. I think 5% is pretty reasonable.
6:23If you just take a look at everything
6:24that you're spending your money on,
6:26it's probably going up by more than 5%
6:27per year. That's the problem you need to
6:29solve. How are you going to pay for a
6:30$65,000 lifestyle today, but cover a
6:34$105,000
6:36lifestyle
6:37in 2036? How are you going to do that if
6:39your savings aren't growing by more than
6:415% per year, or if your income isn't
6:43growing by more than 5% per year? If
6:45you're just relying on your income from
6:46your employer, you're going to probably
6:48go paycheck to paycheck. By the second
6:50year, you're going to be in massive debt
6:52by year
6:53five,
6:55and more and more of your money is going
6:56to be going towards interest to your
6:58bank,
6:59and less and less of your money is going
7:01to be going towards your goals and your
7:03savings and where you actually want to
7:05be. This is the way that you have to
7:07think. You have to think about whether
7:08or not you're going to pay for the
7:09expense today, or you're going to pay
7:11for the expense
7:12later, in 10 years, 20 years, 30 years.
7:15A lot of people are going to be working
7:16until they're 70, 80. They're going to
7:19continue to work not because they want
7:21to, but because they have to. They're
7:22going to be forced to because they
7:25didn't pay attention to these numbers
7:28early enough. Right now, you have some
7:29time. You have a lot of time to your
7:31advantage. If you are in your 30s, you
7:34have at least 20 to 30 years where you
7:36can work and you can set aside assets,
7:37even if you do it with small amounts,
7:40eventually it will add up to a lot more
7:42than you expect it to. For example,
7:44let's say your expenses are $5,000 per
7:45month and your cost of living is
7:47increasing at 5% per year. If you were
7:49to save $100 per month into something
7:52like Bitcoin and it gives you a really
7:54great return of 25% you can see here by
7:582053
8:00Now that seems like a really long time
8:01from now, but by 2053 you have 11 years
8:04of your expenses saved. And keep in mind
8:06that that's with you putting away $100
8:09per month. That $100 isn't what's making
8:12the biggest difference. It's the growth
8:14in the asset that's making the
8:16difference. So, let's say for example,
8:17in this case by 2053
8:20you have
8:2211.05 years of your expenses saved. But
8:25how did you get to that point? Your
8:27expenses went from
8:29$60,000 a year to in 2053 you can see
8:32here 2053 $224,000
8:35a year.
8:36You're spending $224,000 for the exact
8:38same lifestyle if inflation is 5% per
8:41year.
8:42$224,000 per year. You didn't even save
8:46that much money in that time. You only
8:47saved $32,400.
8:49So, how did you get to 11 years of
8:51expenses saved? It's the growth
8:54in the Bitcoin. It's the growth in your
8:56assets that will get you to freedom.
9:00And what does that growth take? That
9:02growth takes compounding. It takes time.
9:05It takes you putting in the effort up
9:07front where your portfolio is barely
9:09growing
9:10and then you consistently keep putting
9:12in that effort and you keep putting in a
9:15little bit more money each year
9:17and you keep adding some money every
9:19single year
9:20until at some point your portfolio takes
9:22care of you. You can see here that you
9:24started 2026 with $0 saved. You go into
9:262027 with $1,500. You go into 2028 with
9:30$3,300. You go into 2029 with $5,700.
9:34This is how your portfolio is growing
9:36over time and you can see here, it
9:37started off at $0 as the difference
9:40between the value of the portfolio and
9:41the amount that you put in. But
9:43eventually it goes to $300 as the
9:44difference. So, the portfolio earned
9:46$300. You only put in 1,200, the
9:48portfolio earned another 300 on top.
9:51In 2028, it's up $975. So, you put in
9:532,400, the portfolio grew by $975.
9:57There's a point where your contributions
10:00match the portfolio's growth. So, you
10:02can see here in 2031, 5 years from now,
10:04you put in 6,000, your portfolio is now
10:06worth 12,310.
10:08It grew by $6,300. Keep in mind that
10:11these numbers aren't very realistic
10:12because they're expecting that it'll be
10:15consistent growth. There will be a lot
10:17of volatility. You have to get through
10:18that. You have to get through the prices
10:20going down and then going up and then
10:21going down, your portfolio value
10:22dropping 30, 40, 50% at times. And
10:25that's perfectly fine because you're in
10:27it for the long haul. You're in it for
10:3010 years, 20 years, 30 years down the
10:32line. You can see here by 2035, you put
10:35in 10,800 and your portfolio grew by
10:38$27,000.
10:40Your portfolio is now worth $38,000 in
10:432035. Again, you put in 10,800, your
10:46portfolio is worth 38,700.
10:48In 2040,
10:51you put in 16,000 in total in that
10:53entire period of time, $100 a month, but
10:55your portfolio is worth $130,000.
10:58And this is where the compounding really
10:59starts working in your favor. You can
11:01see here, from 2040 till 2041, your
11:04portfolio grew by $34,000
11:07and you only put in 1,200.
11:10From 2044 to 2045, your portfolio grew
11:13by
11:14almost $80,000 and you only put in
11:171,200. For some reason, my spreadsheet
11:19got disconnected from Google. I don't
11:21know what happened. I got to fix it
11:22after, but that's not the point. The
11:23point here is that you have to make sure
11:26that you continue to save. If you can
11:28save $100 per month, you find some way
11:31to save $100 per month, then I think
11:34you're going to do pretty well over the
11:35long term. You can see here,
11:37you'll probably based on the numbers I
11:39showed you before, you'll have 11 years
11:41of expenses saved by 2053. Most people
11:43will have nothing.
11:45Most people will be saving in dollars in
11:47their bank account and they'll find some
11:48way to use those dollars in their bank
11:51account and to spend that money on
11:52something. They'll find some way to give
11:54that money away. They won't have
11:56anything for themselves. Whereas you,
11:58based on the numbers that we saw before,
11:59you'll have what? $2.4 million.
12:02$2.4 million and you only put in 33,000.
12:05I think this is the cheat code of the
12:07current financial system. You have to
12:08own things that are increasing in value
12:11faster than your cost of living is going
12:13up and I think that Bitcoin is the best
12:15solution for that. Bitcoin is the best
12:17asset because it's only finite asset.
12:20It's the only thing that nobody can
12:21control, nobody can stop it, nobody can
12:23increase the supply of it, nobody can
12:26change how the system works just because
12:28it doesn't favor them
12:30right now, like they can with the legacy
12:32financial system.
12:34The Treasury, the US Treasury, is
12:36printing money to buy its own debt back.
12:38It's printing more money
12:40to buy its own debt back. That's a
12:42rigged system. The system is designed to
12:44keep you poor so that the US government
12:47doesn't go bankrupt. Your cost of living
12:49is going up because the governments
12:52around the world are paying for more and
12:54more things, they're being reckless with
12:55their spending, and they will continue
12:57to be reckless with their spending, and
12:58this is exactly what favors Bitcoin.
13:00Bitcoin works completely the opposite of
13:03this system. Bitcoin can't be printed
13:05out of thin air, unlike the dollar, and
13:07Bitcoin is being valued in dollars,
13:09which are infinite. There's only ever
13:11going to be 21 million Bitcoin, but
13:12there's no limit to how many dollars can
13:13exist. So, over time, the price of
13:15Bitcoin continues to go up and that's
13:18what I want you to save in. I want you
13:19to save in something that will increase
13:21in value over time. Obviously, after
13:22studying it, put in some time to
13:23understand how it works, but I want you
13:25to save in something that can in value
13:27over time so that you are benefiting
13:29from its growth. With Bitcoin you can
13:32buy as much or as little as you can
13:33afford. If you want to buy a dollar a
13:35month, if you want to buy a hundred
13:36dollars a month, if you want to buy a
13:37thousand dollars a month, whatever you
13:38want to buy, you can do that. There's no
13:41excuse. You never have too little money
13:43to buy Bitcoin. If you want to, you can
13:45go do an Uber order and specifically put
13:47that money towards Bitcoin. Separate it
13:49from everything else. Everything else
13:50goes towards your your current financial
13:52system. That income that you make from
13:54let's say Uber I used to do Uber Eats.
13:56I do it for like 10 hours a day because
13:59I left my job and I needed something to
14:01pay for my expenses and I found a way to
14:03put at least a little bit of that income
14:04into Bitcoin. A dollar an hour, a dollar
14:06fifty an hour. At some time at some
14:08points I was buying twenty dollars a
14:10day. At some points I was buying two
14:11dollars a day because that's all I could
14:13afford. But that's the thing, you have
14:15to start somewhere.
14:17You can't expect that you'll suddenly be
14:19handed a hundred grand that you can put
14:21into investments and that hundred
14:22thousand dollars will cover you. That's
14:23not going to happen. It takes time. It
14:25takes energy. It takes effort. It takes
14:28consistency. Most people are more
14:29concerned about intensity over
14:31consistency. My
14:33suggestion to you here would be to focus
14:35on consistency. If you can buy only ten
14:37dollars worth every single month, then
14:38you're better than the version of you
14:40who could buy zero dollars a month. If
14:41you could buy a hundred dollars worth
14:42every single month, you're better than
14:43the version of you that could buy ten
14:45dollars per month. And you progress. You
14:47grow over time. You are your own
14:48competition here. I know a lot of people
14:50need a push. They need some help to
14:52actually get to the point where they
14:53take action. I actually work with people
14:56one-on-one. If you're interested in
14:57working with me, check the link in the
14:58description below. One of my students
15:01actually had watched one of my webinars
15:04three years ago and he didn't take
15:05action.
15:06And now he's actually starting to take
15:09action because I pushed him. I coached
15:11him into taking action. I told him what
15:13he's doing wrong, what he's doing right.
15:15If you're interested in working with me,
15:16check the link in the description below.
15:17You have to invest in yourself. You have
15:19to invest in your own assets. You have
15:20to create your own portfolio. Outside of
15:22that, you're just relying on somebody
15:23else to pay for your expenses, and you
15:25are an expense to them. So, why would
15:27they want to do that? The people she
15:28mentioned in the video, the people who
15:30are going to be working to their 70s,
15:3180s, 90s, they didn't have the resources
15:34available to them
15:35to fix their finances, to become
15:37financially literate. Whereas you have
15:40unlimited resources available to you.
15:41You can You can watch all kinds of
15:43content. You can learn all kinds of
15:45different things about personal finance,
15:47about investing, about saving, so that
15:49you can make the right decisions.

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