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Speaker: Welcome to Honest Money.

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I'm your host, Anya, and today's
episode is brought to you by hard block.

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Anja: Joining me today in a virtual
decentralized studio is Rajat Soni.

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Rajat is a chartered financial analyst
and a Bitcoin, and is joining me

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today to talk about, well, Bitcoin
Welcome to Honest Money Rajat.

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Rajat: Absolutely.

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Thank you so much for having me, Anja.

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I'm really looking forward
to this conversation.

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Anja: Me too, me too.

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I've been following some of your stuff
online for some time, and I think a

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lot of Australians really appreciate
your levelheadedness when it comes to

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analyzing and also quite, um, personally
am very, um, warm to the fact that

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you encourage, uh, people to get to
0.1% of a, no, not percent, sorry,

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0.1 of a Bitcoin or 0.01 of a Bitcoin,
which is achievable for most people.

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Let's start with the beginnings.

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Why did you get into
finance to begin with?

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Rajat: I think it was a
little bit of an accident.

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I just did well in an accounting
class in high school, and then after

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that I thought, oh, I like numbers.

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I might as well get this done.

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But, but I think that that's kind
of funny as well to think about.

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People are making fin, they're making
decisions for the rest of their

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lives when they're, when they're in
like 15, 16, 17, everybody's asking

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'em, oh, what do you wanna do?

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You have to take certain credits
in, in high school and stuff to,

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to, to get to a certain point
in your life or to get a certain

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education, uh, and, and a certain job.

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But I, I think it was by
accident, to be honest.

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Um, I started off with an interest
in accounting, and then after

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accounting in university, I took a
couple of, uh, finance, uh, classes.

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And one of my friends was thinking
of doing the CFA, so I thought,

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I'm kind of bored of accounting.

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At that time I thought
accounting was a little boring.

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It was, uh, it wasn't like finance,
finance, it was a lot of excitement.

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So I did the CFA.

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Um, and I mean, I, here, here I
am now, I, I worked at a bank,

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um, I worked at, uh, TD Bank in
the asset management department.

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I worked at a brokerage, uh, quest trade.

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I worked at CIBC, but that was
like a customer facing role.

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Uh, over time I just did
all these different roles.

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I think it ca, I think it happened
by accident though, that, um, I'm,

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I'm doing what I'm doing today, so
helping people with their finances,

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helping people make better financial
decisions, I guess you can say.

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Um, I do one-on-one meetings.

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I do, uh, I create a lot of content now,
but like I said, it was by accident.

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I started off with, I guess, helping
the rich get richer, and then over time

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it turned into, um, I, I, I guess the
working at the bank, that, that's what

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I mean by helping the rich get richer.

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Working at the bank wasn't
really that fulfilling.

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And I was pretty miserable.

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Working, working there.

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I, I didn't really like it much.

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Um, and over time I transitioned
into doing my own thing,

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starting my own business.

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I started posting on social media.

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I started creating content about
personal finance, stocks, real estate.

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And in the comments, a lot of people
started asking me to look into Bitcoin,

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and they were telling me that 10%
returns from stocks aren't enough

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because inflation isn't actually 2%.

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And at first I thought, oh,
these people are idiots.

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Um, I know what I'm talking about.

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I have my CFA, I have my education
and accounting and finance.

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I know what I'm talking about.

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None of these people know
what they're talking about.

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None of them have the
education that I have.

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But then, I don't know.

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I don't know really why.

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I started looking into Bitcoin.

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I saw a couple posts about,
uh, the Bitcoin standard.

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Somebody said, Bitcoin's
gonna go to 10,000.

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This was around, I think
it was either 2021 or 2020.

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Somebody said, Bitcoin's
gonna crash, uh, to 10,000.

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Of course it didn't do that, but
that, that kind of got me thinking.

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They said how owning one Bitcoin
will be generational wealth.

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It'll create a level of wealth
that most people probably will

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never be able to experience.

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And I, I, I do, I do generally,
I, I do genuinely think that

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that's what would happen.

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But I, I mean, even that, I
kind of figured it out after

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reading the Bitcoin standard.

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Reading the Bitcoin standard made
me ask more questions and I even

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got answers to it and it, and it's
almost like a rabbit hole, right?

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You go into it, it, um,
you, you learn a little bit.

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And then you need to kind of step back
and then learn a little bit more about

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a different topic, and then you step
back and learn a little bit more about

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a different topic, and then you go back
into the topic that you started with.

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And that's, that's exactly what happened
with me and the Bitcoin standard.

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So I think I read the Bitcoin
standard maybe four or five times.

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I listened to the audio book.

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I was doing, uh, Uber Eats,
so I was delivering food.

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And while I was delivering food,
I was listening to audio books.

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I was listening to podcasts.

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I think I probably spent, um, maybe
1500 hours listening to podcasts in

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a year, which was absolutely insane.

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But it really gave me different
perspectives and it made me think

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about, uh, different, really different
books to read, learn, learn from

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different people, see different
opinions, different perspectives.

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I think that's the best
thing about Bitcoin.

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You have to learn it
from different people.

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Everybody has their own
experience about what it is.

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One person would think of it as
something and the other person

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would think of it as something else.

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And I, I guess that's really
kind of shaped my, uh, belief.

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Of where Bitcoin is going.

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People like, let's say Lawrence Lapard

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Anja: mm

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Rajat: uh, Adeena Moose, Jeff
Booth, um, Peter McCormack.

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McCormack.

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McCormack, yeah.

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How, however you pronounce
it, presses press and push.

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Uh, all these people, Robert
Breed love, all these people

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have like their own opinions.

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Ol uh, tons of, tons of tor scroll.

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Like tons, tons of them.

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There, there, there are so many of them.

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Um, they ha they, a lot of them
have written their own books.

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And I highly recommend that you
read those books because it gives

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you a different perspective.

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It gives you more detail on
what they think of Bitcoin.

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And that's, that's what shaped
my view of what Bitcoin is.

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So, back to the question,
how did I get into finance?

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It happened by accident, but now I'm
very, very fulfilled with what I do.

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I love it.

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I enjoy it so much.

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I feel like it's helping me,
uh, it's helping me to really

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enjoy my life more as well.

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'cause I, I, I think just helping
other people, serving other people.

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Helping them to solve their problems
is probably one of the best things

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that you can do, and I, I truly
feel like I get to do that now.

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Anja: Yeah, absolutely.

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I love that too.

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That's what I love.

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Just seeing people, um, people's
lives transform and when they

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become economically empowered,
it's, it's just such a wonderful

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thing to experience and to witness.

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But I wanna, uh, like I wanna study
you because it's so interesting to

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see, you know, traditional finance
professionals get into Bitcoin and a lot

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of them share the same story of like,
they were very resistant to it at the

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start and just dismissed it, you know,
almost like scoffed it, like, this is a

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scam, I don't even wanna know about it.

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And eventually they cave in because
like, okay, this thing isn't going away.

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It keeps reappearing.

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So let me look into this.

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Do you believe that Bitcoin is more of an
intelligence test or more of an ego test?

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Rajat: I think it's an ego test.

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Uh, there are people who I've talked to,
a lot of people, I don't know if they're

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telling the truth or not, but they say
that they've read the Bitcoin standard.

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They say that they've studied
Bitcoin for thousands of hours.

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And I think that one of the things.

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That people have to get through is just
their belief of how the world should work.

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And I believe that's the ego.

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So what I mean by that is certain people
believe that money has to be physical.

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Other people believe that money
has to be issued by governments.

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But I mean, in the past
that has been the case.

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So we've always, we've always
had fiat, we've always had gold.

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But what, what's the reason for that?

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The way, the way that I see
it is that with gold, there's

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no central authority and.

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Because of that, you don't have
to trust anybody for transactions.

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But over time, we needed a way to
transact with people around the

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world, and we needed a way to transact
with people, uh, without having

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to carry gold bars and gold coins.

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And that's where Fiat came in, right?

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So what Fiat did was it allowed us to
transact and not have to carry around

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a bunch of coins or a gold bar to,
to give value away to other people.

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And I feel like it's much easier for
somebody to know that you have gold

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than it is for them to know that
you have, let's say, fiat, right?

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Because gold, if you have it in your
pockets, it's gonna, it's gonna clink,

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it's gonna make a certain sound.

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If you have a gold bar, I mean,
the, the weight of that is massive.

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You're not gonna be
able to carry it around.

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People will see it in your pocket.

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I mean, it's easy to detect, let's say a.
Um, if somebody really wanted to, to steal

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from you, they, they, they could, right?

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It's just much easier.

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And they can have a very concentrated
amount of wealth, uh, in, in a very,

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they, they can have a very, very cent,
sorry, a very, a massive amount of

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wealth in a very concentrated form.

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So say a gold bar, it could
be worth $500,000 and somebody

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could come into your house, they
can grab it and they can leave.

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So just that, I mean, I think because of
that, we kind of outsourced the security

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of our money to banks and to governments
because we needed an authority of, we,

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we needed an authority that could confirm
that the money that we're using is real.

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So let's say for example, if there were
no banks and there was no government

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issued money, and whose money do we use?

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Who do we trust?

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So let's say for example, you
come out with a form of money and.

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And, and I come out with a form of money.

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Who's the third person?

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Let's say there's a third person in
this, in this equation, whose money

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are they going to choose to use?

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Right.

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So because of that, I think the, the
way that I see it, there had to be an

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intervention by governments in creating
a form of money that we could trust.

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And that won't be diluted very easily.

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They won't run away with it.

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I mean, that's what in
theory should have happened.

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And it's just, I, I think that with,
with just the way that we've gone in

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the past, fiat currencies have given us
an opportunity to transact more easily.

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But I think what Bitcoin does
is it changes how things work.

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So before, like, like I said, people
believed that money had to be physical.

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People believed that money had
to be issued by governments.

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But now we have, uh, we have this system.

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We isn't centralized.

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Everybody has one record of this ledger.

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And you don't have to trust
anybody for you to have money.

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So let's say if you keep cash,
you have to trust that your

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government's not going to dilute it.

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If you keep gold, you're
going to have to trust.

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If you keep it in your house, you're
gonna have to trust that people

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aren't gonna come in and rob you
if you keep it with a custodian.

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You have to trust that the custodian
isn't just gonna disappear with it.

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And now we have Bitcoin because
we moved from gold to fiat.

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And fiat was we, we were
taking advantage of with fiat.

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I think that's probably
the easiest way to say it.

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We were taking advantage of the money
is just being printed out of thin air.

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People believe that it isn't, or
they believe that it shouldn't,

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that it, that it won't be printed.

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Some people still believe that the US
stories are backed by gold, but now

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we have this system of money where
you don't have to trust anybody.

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You know what it is.

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So what.

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If I were to send you Bitcoin,
you can confirm with your phone

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00:11:34,894 --> 00:11:36,124
that what you got is real.

225
00:11:36,574 --> 00:11:43,294
Whereas let's say with, if you wanted
to transact digitally with fiat, your

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00:11:43,294 --> 00:11:44,794
bank has to confirm that it's real.

227
00:11:45,514 --> 00:11:47,824
And how do you, why would you trust them?

228
00:11:47,884 --> 00:11:50,104
It's just, again, it's trust.

229
00:11:50,374 --> 00:11:53,194
You have to trust the third party who
could have any intention in the world.

230
00:11:53,194 --> 00:11:54,694
And that's exactly what the problem is.

231
00:11:54,694 --> 00:11:57,724
With fiat, with Bitcoin, you
don't have that issue With

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00:11:57,724 --> 00:11:59,944
Bitcoin, you don't trust anybody.

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00:12:01,864 --> 00:12:05,224
Speaker 5: Quick one for the Aussies
listening hard block is offering

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00:12:05,224 --> 00:12:07,924
a $10 signup discount right now.

235
00:12:08,164 --> 00:12:11,674
And if you're with another
exchange, ask yourself this.

236
00:12:12,004 --> 00:12:15,634
Are they Australia's longest
running Bitcoin only exchange?

237
00:12:15,844 --> 00:12:18,274
Because if not, maybe it's time to switch.

238
00:12:18,844 --> 00:12:25,684
Head to hard block.com au slash
join slash Honest Money and

239
00:12:25,684 --> 00:12:27,604
start stacking stats today.

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Anja: Yeah.

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00:12:28,614 --> 00:12:29,994
Rajat: You run your own node.

242
00:12:29,994 --> 00:12:31,734
You could, you have full
control over your life.

243
00:12:31,734 --> 00:12:34,164
And, and back to that
question, ego versus knowledge.

244
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You can learn, uh, everything about
Bitcoin, and if you don't believe

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00:12:38,664 --> 00:12:42,834
that money should be digital or if
you don't believe that governments

246
00:12:42,834 --> 00:12:45,774
shouldn't be able to print money,
then you're never gonna grasp Bitcoin.

247
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I think because of that, I
think it's an ego test and no

248
00:12:49,614 --> 00:12:50,904
amount of knowledge can change.

249
00:12:51,414 --> 00:12:54,984
What you believe about the world
because we, Kelly, we tell, we

250
00:12:54,984 --> 00:12:57,564
tell ourselves these stories about
what the world should look like.

251
00:12:57,894 --> 00:13:01,344
We tell ourselves these stories about
where we think the world is going.

252
00:13:01,344 --> 00:13:06,354
And if Bitcoin doesn't fit into that
story, it doesn't matter how much you

253
00:13:06,354 --> 00:13:07,614
study it, you're not gonna get it.

254
00:13:07,614 --> 00:13:12,114
You kind of have to, you have to, you
have to look at Bitcoin with basically

255
00:13:12,114 --> 00:13:14,334
like a, a, a, what's it called?

256
00:13:14,334 --> 00:13:18,234
A like a fresh, a fresh mind.

257
00:13:19,074 --> 00:13:22,224
If you don't look at it with a fresh
mind, if you don't just let go of

258
00:13:22,224 --> 00:13:24,594
everything that you've known from
the past, you're not gonna get it.

259
00:13:24,594 --> 00:13:26,754
And I think that's partly an ego test.

260
00:13:26,754 --> 00:13:30,414
A lot of people, financial professionals,
they believe they know everything

261
00:13:30,414 --> 00:13:31,704
because they've read a couple of books.

262
00:13:31,704 --> 00:13:34,674
I mean, I believe that, like I said,
I'm not trying to insult anybody.

263
00:13:34,674 --> 00:13:36,234
I'm saying it about myself as well.

264
00:13:36,474 --> 00:13:39,984
I truly believed that, that I know
everything, even though I didn't,

265
00:13:40,254 --> 00:13:45,294
and I had to let go of that belief
that I know more than everybody else

266
00:13:45,534 --> 00:13:46,879
in order to grasp what Bitcoin is.

267
00:13:48,474 --> 00:13:48,924
Anja: So.

268
00:13:49,314 --> 00:13:53,004
On that, what was it that
finally got you over the line?

269
00:13:53,124 --> 00:13:58,104
Rajat: So one thing that I really, one
thing that I really think got me to,

270
00:13:58,284 --> 00:14:04,874
to, I guess believe more about what
Bitcoin is, is the Mempool website.

271
00:14:05,104 --> 00:14:05,694
Do you know about it?

272
00:14:06,134 --> 00:14:07,104
Mempool space?

273
00:14:07,194 --> 00:14:07,524
Yeah.

274
00:14:07,734 --> 00:14:11,424
So what I like about Mepo is that it
shows you every single transaction

275
00:14:11,424 --> 00:14:14,724
that's ever happened, and you can
see the transactions coming in,

276
00:14:15,684 --> 00:14:18,324
um, as they, as they're happening.

277
00:14:18,504 --> 00:14:21,234
So you can see them coming in,
you can see them being reflected

278
00:14:21,234 --> 00:14:22,104
on the Bitcoin blockchain.

279
00:14:22,854 --> 00:14:26,724
You can see the trans, if you
send a transaction, you can see it

280
00:14:26,964 --> 00:14:31,134
updated on mepo, and then you can
see that you are the one who said,

281
00:14:31,139 --> 00:14:35,154
it's like, it's like you're able to
write on a global ledger yourself.

282
00:14:35,154 --> 00:14:39,804
And the reason why that really helped
me is that I believe it's so, so I think

283
00:14:39,804 --> 00:14:44,184
the white paper is like, is like theory
and then the mepo is like application.

284
00:14:44,994 --> 00:14:47,274
So the theory you can.

285
00:14:47,874 --> 00:14:50,664
Learn the theory, but if you can't
visualize what it's supposed to be

286
00:14:50,664 --> 00:14:53,874
and you don't see what it's what it's
supposed to be, you don't understand

287
00:14:53,874 --> 00:14:55,404
where the Bitcoin is coming from.

288
00:14:55,464 --> 00:14:59,064
For example, a lot of people
are just held back by not

289
00:14:59,064 --> 00:15:00,774
understanding how Bitcoin is created.

290
00:15:00,894 --> 00:15:07,044
So on the Mempool, uh, on the Mempool
website, mepo space, I saw the

291
00:15:07,044 --> 00:15:08,694
Coinbase transactions, for example.

292
00:15:09,294 --> 00:15:14,004
And then I understood how it's
basically an, it's almost like

293
00:15:14,004 --> 00:15:16,434
an honor system, but not really.

294
00:15:16,854 --> 00:15:21,084
'cause everybody's looking at you
and, sorry, everybody's looking at the

295
00:15:21,084 --> 00:15:25,134
blocks that you create as a minor and
you can give yourself more Bitcoin.

296
00:15:25,644 --> 00:15:28,254
But if you do that, the transactions
is not gonna go through.

297
00:15:28,284 --> 00:15:31,374
'cause there's millions of eyes looking
at the Bitcoin blockchain at any time.

298
00:15:31,824 --> 00:15:33,624
So if you do some, let's say for
example, you're supposed to give

299
00:15:33,624 --> 00:15:37,044
yourself three Bitcoin, but you give
yourself 30, everybody's gonna know

300
00:15:37,434 --> 00:15:38,604
and they're gonna reject that block.

301
00:15:38,724 --> 00:15:41,664
So if we look at how the current
financial system works, the current

302
00:15:41,664 --> 00:15:46,194
financial system works with one
computer and we have no access to it.

303
00:15:46,929 --> 00:15:53,379
We are basically accountable to the
bank, whereas the Bitcoin blockchain

304
00:15:53,379 --> 00:15:56,709
is accountable to us, and we're
the ones who enforce the rules.

305
00:15:56,709 --> 00:16:00,099
We're the ones who make sure that
everything on it is correct, and

306
00:16:00,099 --> 00:16:03,219
if something's not correct, it's up
to us to reject that transaction.

307
00:16:03,219 --> 00:16:09,129
And if you think about it, there are
something like 25,000 nodes right now.

308
00:16:09,129 --> 00:16:13,509
And if somebody's trying to scam
the system, it affects all the

309
00:16:13,509 --> 00:16:14,739
people who are running the nodes.

310
00:16:15,879 --> 00:16:19,839
And if you let that scam go through,
you are diluting your own Bitcoin.

311
00:16:20,589 --> 00:16:21,759
And why would anybody do that?

312
00:16:21,849 --> 00:16:25,449
So just based on that, it, it's
almost like an it, it, it, it sets

313
00:16:25,449 --> 00:16:34,299
an expectation that this, the, this
network is always going to show

314
00:16:34,299 --> 00:16:36,909
you the truth about who owns what.

315
00:16:36,969 --> 00:16:37,989
'cause you can't manipulate it.

316
00:16:38,199 --> 00:16:40,209
You can't, you can't screw it over.

317
00:16:40,209 --> 00:16:41,919
You can't screw other people over.

318
00:16:41,919 --> 00:16:43,089
If I, if I wanted to send you bitcoin.

319
00:16:44,289 --> 00:16:47,349
You can confirm on the Mempool, you
can confirm on your own node that

320
00:16:47,349 --> 00:16:48,969
it's real, that you actually got it.

321
00:16:48,969 --> 00:16:52,119
So for me, back to the question,
what got me into this thing?

322
00:16:52,119 --> 00:16:55,869
What, what really put me over the edge
and got me to really start thinking

323
00:16:55,869 --> 00:16:57,369
about where this thing can go.

324
00:16:57,459 --> 00:17:00,549
I would say it's the Mempool website,
but there's also something else.

325
00:17:00,549 --> 00:17:05,109
So there's actually this YouTube video
that I saw where the guy was talking

326
00:17:05,109 --> 00:17:11,109
about how, um, real estate, or sorry,
landlords don't really produce any value.

327
00:17:11,109 --> 00:17:14,619
And before that I truly believe that oh,
land landlords create a lot of value.

328
00:17:14,889 --> 00:17:19,089
They're, uh, they're so important
to the financial system.

329
00:17:19,479 --> 00:17:21,909
They create so much that we need.

330
00:17:22,659 --> 00:17:26,979
And I guess that video just showed me
that landlords are just a middleman

331
00:17:27,729 --> 00:17:30,609
and what they're doing is they're
trying to find a way to save.

332
00:17:31,239 --> 00:17:34,509
And real estate has
become that way to save.

333
00:17:34,749 --> 00:17:39,819
And because landlords are using
real estate to save, the individual

334
00:17:39,819 --> 00:17:41,199
is struggling to buy homes.

335
00:17:42,249 --> 00:17:44,679
That, that, that gave me a
different perspective as well.

336
00:17:44,979 --> 00:17:46,929
Believe it or not, it
was a socialist video.

337
00:17:46,929 --> 00:17:51,969
It was like a, it was a like, almost
like, um, the guy was kind of saying

338
00:17:51,969 --> 00:17:56,439
that nobody should be able to own
more houses than they need, but

339
00:17:56,889 --> 00:17:58,719
saying that is not gonna do anything.

340
00:17:59,079 --> 00:18:00,999
I think the important thing
is to find a solution.

341
00:18:00,999 --> 00:18:06,069
And when I looked at Bitcoin from
that angle, it made me think you can't

342
00:18:06,069 --> 00:18:09,939
force people not to buy houses, but you
can give them an incentive not to buy

343
00:18:09,939 --> 00:18:11,589
houses and Bitcoin is that incentive.

344
00:18:11,589 --> 00:18:15,279
So with real estate, think about all
the things you have to do to maintain

345
00:18:15,279 --> 00:18:16,419
a property, to own a property.

346
00:18:16,419 --> 00:18:19,269
To buy a property, you have
to go through a realtor.

347
00:18:19,779 --> 00:18:23,889
You have to pay a massive spread
to, uh, to, to them as a fee.

348
00:18:23,889 --> 00:18:26,409
For example, like 5% on every sale.

349
00:18:27,969 --> 00:18:30,909
You have to deal with a bank, you
have to borrow money to buy a house.

350
00:18:31,059 --> 00:18:33,129
You can't buy pieces of houses.

351
00:18:33,819 --> 00:18:34,569
Whereas with bitcoin.

352
00:18:35,124 --> 00:18:39,084
Is you, you go to an exchange,
you buy the Bitcoin, maybe they'll

353
00:18:39,084 --> 00:18:42,324
charge you, I dunno, one 5%.

354
00:18:43,494 --> 00:18:45,144
The Bitcoin is the same no matter what.

355
00:18:45,144 --> 00:18:48,474
So let's say for example, if you have,
uh, let's say you get a deposit for a

356
00:18:48,474 --> 00:18:49,734
thousand dollars in your bank account.

357
00:18:50,244 --> 00:18:52,224
If you want, if you are a real
estate investor, you can't really

358
00:18:52,224 --> 00:18:53,334
do anything with a thousand dollars.

359
00:18:53,334 --> 00:18:53,934
What are you gonna do?

360
00:18:54,744 --> 00:18:58,134
Whereas if you're a Bitcoin, you
get a thousand dollars in your bank

361
00:18:58,134 --> 00:19:02,364
account, deposit it in your exchange
account, buy Bitcoin, and you're good.

362
00:19:02,394 --> 00:19:03,414
You don't have to think anymore.

363
00:19:03,444 --> 00:19:04,374
You're good to go.

364
00:19:05,394 --> 00:19:09,804
So those, I think, I think these
are all things that made me

365
00:19:09,804 --> 00:19:11,604
change my perspective on Bitcoin.

366
00:19:11,604 --> 00:19:13,224
And I, I think I really grasped it.

367
00:19:13,224 --> 00:19:15,474
I, it takes a long time to study Bitcoin.

368
00:19:16,314 --> 00:19:19,134
Even after you study it, you're
still gonna be, you're still gonna

369
00:19:19,134 --> 00:19:21,924
be finding new things to study and
you're still gonna be learning more.

370
00:19:22,584 --> 00:19:26,424
And in the time that I learned about
it, those, those are the things

371
00:19:26,424 --> 00:19:27,924
that changed my, my perspective.

372
00:19:28,104 --> 00:19:31,164
But I, I think, I think
I'm still learning.

373
00:19:31,824 --> 00:19:32,844
I'm still not an expert.

374
00:19:32,844 --> 00:19:34,134
Nobody's an expert on Bitcoin.

375
00:19:34,134 --> 00:19:35,094
Nobody knows everything.

376
00:19:35,394 --> 00:19:37,134
I'm still learning new
things every single day.

377
00:19:37,434 --> 00:19:38,484
I, I mean, who knows?

378
00:19:38,514 --> 00:19:43,254
Maybe I feel like I'm bullish today, but a
year from now, I'll be even more bullish.

379
00:19:43,704 --> 00:19:46,119
And then a year from that, I'll
be even more bullish because the,

380
00:19:46,124 --> 00:19:50,034
the, the, the, the journey to
learn about Bitcoin never ends.

381
00:19:50,034 --> 00:19:51,294
I mean, you just keep going, right?

382
00:19:51,294 --> 00:19:52,404
You keep learning new things.

383
00:19:52,584 --> 00:19:54,354
You keep learning from
different perspectives.

384
00:19:54,834 --> 00:19:59,004
Every time I go on X somebody posts
something that blows my mind about

385
00:19:59,004 --> 00:20:01,614
Bitcoin, and it just gives me another
perspective to look at it from.

386
00:20:01,614 --> 00:20:03,414
And it just, it's almost like a puzzle.

387
00:20:03,414 --> 00:20:08,154
And every single piece of knowledge that
you have is just building that puzzle.

388
00:20:08,604 --> 00:20:11,064
Anja: Mm. I love that.

389
00:20:11,094 --> 00:20:13,944
I love that analogy and I
certainly relate to it a lot.

390
00:20:14,274 --> 00:20:19,434
Um, but I'm very curious to know is, you
know, obviously with Bitcoin being a,

391
00:20:19,434 --> 00:20:24,174
a store of value, a medium of exchange
used in, in some countries, um, not so

392
00:20:24,174 --> 00:20:28,764
much in the west yet, um, but you know,
it's got all these amazing properties

393
00:20:28,764 --> 00:20:31,344
to make it a, a great unit of account.

394
00:20:31,374 --> 00:20:35,364
Do you have a favorite feature
of Bitcoin of those three, like.

395
00:20:35,924 --> 00:20:40,994
I'm curious because your accounting
background, obviously, um, you know, the

396
00:20:40,994 --> 00:20:46,544
fact that you like seeing the man, it kind
of makes a lot of sense with an accounting

397
00:20:46,544 --> 00:20:48,254
background why you would be drawn to that.

398
00:20:48,254 --> 00:20:51,374
So I'm wondering if you Yeah,
if you kind of are drawn to

399
00:20:51,374 --> 00:20:53,324
the Bitcoins unit of account.

400
00:20:53,444 --> 00:20:56,744
Rajat: Yeah, so what I like, I think
what I like the most about Bitcoin

401
00:20:56,744 --> 00:20:58,754
is probably the self custody aspect.

402
00:20:58,754 --> 00:21:01,844
I mean, it's not the numbers, I think
the numbers are, are interesting.

403
00:21:02,114 --> 00:21:03,434
I like the self custody aspect.

404
00:21:03,434 --> 00:21:06,854
And then I also, I also created this,
uh, supply schedule where it shows

405
00:21:06,854 --> 00:21:08,024
you how much Bitcoin is being created.

406
00:21:08,204 --> 00:21:11,264
I feel like that's really amazing
as well because it shows you over

407
00:21:11,264 --> 00:21:14,384
time, it's just gonna take more
and more time to create Bitcoin.

408
00:21:14,624 --> 00:21:17,834
So let's say today, or let's say in
the, let's say in the beginning from

409
00:21:17,834 --> 00:21:22,964
2012 till, sorry, 2009 till 2012, 50
Bitcoin were created every 10 minutes.

410
00:21:22,994 --> 00:21:26,444
And if you think about that,
that's five Bitcoin every minute.

411
00:21:27,354 --> 00:21:31,944
From 2012 till 2016, it dropped
by 50%, so it dropped to 2.5

412
00:21:31,944 --> 00:21:32,844
Bitcoin every 10 minutes.

413
00:21:32,844 --> 00:21:39,894
Then from 2016 to 2020, dropped another
50% to 1.25 Bitcoin every 10 minutes.

414
00:21:40,314 --> 00:21:45,264
Then the following, those are
what these are called is, they're

415
00:21:45,264 --> 00:21:46,254
called, they're called epoch.

416
00:21:46,254 --> 00:21:50,514
So every epoch has a
certain supply, four years.

417
00:21:50,514 --> 00:21:53,274
It's another, it, it
basically halves a supply Hal.

418
00:21:53,274 --> 00:21:54,984
So it's the, the following epoch.

419
00:21:55,284 --> 00:22:00,234
And what, what really fascinates me
about this is that over time, this is

420
00:22:00,234 --> 00:22:04,374
the only thing that'll be more difficult
to create, the only technology that's

421
00:22:04,374 --> 00:22:05,694
more difficult to create more of.

422
00:22:06,384 --> 00:22:10,944
So over time, it takes more, let's
say 10 years from now, 20 years

423
00:22:10,944 --> 00:22:13,524
from now, 30 years from now, there's
going to be a lot less Bitcoin being

424
00:22:13,524 --> 00:22:16,914
produced every 10 minutes compared
to what's being created today.

425
00:22:17,244 --> 00:22:22,554
Whereas let's say with computers,
you get something like, what is it?

426
00:22:22,589 --> 00:22:22,809
Uh.

427
00:22:23,724 --> 00:22:30,084
Twice as I think it's for, for, for
storage, you get twice as much storage for

428
00:22:30,084 --> 00:22:32,334
the same price every one and a half years.

429
00:22:33,234 --> 00:22:36,534
Whereas with Bitcoin, you get
half the amount of Bitcoin every

430
00:22:36,534 --> 00:22:38,394
four years, and that's unheard of.

431
00:22:38,484 --> 00:22:38,934
Nothing.

432
00:22:38,934 --> 00:22:40,284
That's harder to create more of.

433
00:22:40,674 --> 00:22:46,374
Even with gold, something like
66% of the total supply was

434
00:22:46,374 --> 00:22:48,294
issued within the last 50 years.

435
00:22:48,984 --> 00:22:53,604
So we've, gold has been around for
5,000 year, well, millions of years,

436
00:22:53,994 --> 00:23:02,034
but 66% of the above ground supply
was produced in the last 50 years.

437
00:23:03,264 --> 00:23:03,954
That's wild.

438
00:23:04,434 --> 00:23:07,044
So what that means is 33% of
it was produced before that.

439
00:23:07,044 --> 00:23:12,504
And that, that shows me that the supply
is, it's increasing, it's accelerating,

440
00:23:13,014 --> 00:23:14,934
it's growing faster and faster over time.

441
00:23:15,534 --> 00:23:17,484
We're gonna keep getting
better at producing gold.

442
00:23:17,664 --> 00:23:21,474
Whereas with Bitcoin we get du
we we get worse at producing it.

443
00:23:22,149 --> 00:23:24,759
Because that's what the
system is designed to do.

444
00:23:25,059 --> 00:23:29,019
And it, once you, I think once you grasp
that, it, it becomes very difficult

445
00:23:29,019 --> 00:23:30,489
not to see where Bitcoin is going.

446
00:23:30,489 --> 00:23:32,169
And then self custody, for example.

447
00:23:32,769 --> 00:23:32,979
Sorry.

448
00:23:32,979 --> 00:23:36,189
The, the other thing that I really
like about Bitcoin is the self custody.

449
00:23:36,459 --> 00:23:41,169
Um, for example, if you wanted to take
self custody of your stocks, you'd

450
00:23:41,169 --> 00:23:42,669
have to get, uh, stock certificates.

451
00:23:42,669 --> 00:23:47,859
So I used to work at a brokerage, and
if somebody, let's say for example,

452
00:23:47,919 --> 00:23:51,909
somebody had $10,000 worth of a stock
and they wanted to take self custody and

453
00:23:51,909 --> 00:23:54,579
they wanted to move it to, let's say,
another brokerage, what they'd have to

454
00:23:54,579 --> 00:24:02,379
do is they'd have to ask the bank to
move the stock into that other brokerage.

455
00:24:02,379 --> 00:24:05,229
They'd have to do that, and
it would take 30 days for them

456
00:24:05,229 --> 00:24:06,789
to get that done, 30 days.

457
00:24:06,969 --> 00:24:09,369
And then if you wanted to take
self custody of a stock, you'd

458
00:24:09,369 --> 00:24:10,599
have to get stock certificates.

459
00:24:10,599 --> 00:24:15,249
And stock certificates cost like
300, which is absolutely insane.

460
00:24:15,609 --> 00:24:17,949
So if you wanted to take
stocks into your own hands.

461
00:24:18,654 --> 00:24:21,324
It would cost you $300 to do so,
no matter how much stock you have.

462
00:24:21,804 --> 00:24:23,664
If you have one share, it takes you $300.

463
00:24:23,874 --> 00:24:28,134
If you have 10 shares, 300 to,
to me, that's pretty crazy.

464
00:24:28,194 --> 00:24:32,544
So it almost feels like it's a
incentive not to take self custody.

465
00:24:32,694 --> 00:24:37,284
Whereas with Bitcoin, I think there
was a transaction maybe a month ago

466
00:24:37,524 --> 00:24:42,114
for 1.5 billion and it costs 30 cents.

467
00:24:42,444 --> 00:24:42,654
Anja: Yeah.

468
00:24:43,254 --> 00:24:45,624
Rajat: So you can take self
custody with Bitcoin for 30 cents.

469
00:24:45,774 --> 00:24:47,034
Nobody can mess with you.

470
00:24:47,034 --> 00:24:48,624
Nobody can take your Bitcoin from you.

471
00:24:49,014 --> 00:24:51,714
If you have Bitcoin, and let's say for
example, you have Bitcoin, you have

472
00:24:51,714 --> 00:24:56,694
your private keys, um, and somebody
wants to take that Bitcoin from you.

473
00:24:56,904 --> 00:24:59,364
They have to come and take
it from you physically.

474
00:25:00,564 --> 00:25:04,254
If you have it in an exchange, they
can just go to the exchange and get the

475
00:25:04,254 --> 00:25:05,574
exchange to send that Bitcoin to them.

476
00:25:06,234 --> 00:25:08,244
That's, that's a, that,
that's not self custody.

477
00:25:08,394 --> 00:25:10,794
Whereas if you take self custody,
they have to physically come to

478
00:25:10,794 --> 00:25:11,754
you to try to take your Bitcoin.

479
00:25:12,059 --> 00:25:13,944
I, I think that's, that blows my mind.

480
00:25:13,974 --> 00:25:16,524
'cause you can't take self
custody in that way with anything.

481
00:25:16,764 --> 00:25:18,984
Let's say with gold, for example,
if you wanna take self custody,

482
00:25:18,984 --> 00:25:20,424
you have to have security.

483
00:25:20,544 --> 00:25:21,834
You have to have a special vault.

484
00:25:22,194 --> 00:25:24,954
That vault will only protect
your gold for let's say half

485
00:25:24,954 --> 00:25:26,604
an hour against power tools.

486
00:25:26,754 --> 00:25:31,224
Whereas with Bitcoin, if you have
your Bitcoin in cold storage,

487
00:25:31,314 --> 00:25:34,584
people will have to guess your
private keys to access your Bitcoin.

488
00:25:35,214 --> 00:25:37,134
And that's extremely difficult
to, you can't do that.

489
00:25:37,134 --> 00:25:38,034
It's impossible.

490
00:25:38,604 --> 00:25:39,624
It's like trying to guess.

491
00:25:40,944 --> 00:25:43,464
It's try, it's like, it's like
trying to find a specific grain

492
00:25:43,464 --> 00:25:45,654
of sand in the entire world.

493
00:25:46,044 --> 00:25:50,814
You can't, it's like trying to find
one specific star in the entire,

494
00:25:50,814 --> 00:25:53,304
in in the entire, what is it?

495
00:25:53,514 --> 00:25:54,789
Is it the universe?

496
00:25:55,104 --> 00:25:55,794
Universe, yeah.

497
00:25:55,794 --> 00:25:56,244
Universe.

498
00:25:56,244 --> 00:25:58,104
I was thinking universe, galaxy.

499
00:25:58,284 --> 00:25:58,464
Yeah.

500
00:25:58,464 --> 00:25:58,644
Yeah.

501
00:25:58,644 --> 00:26:01,134
So universe, let's say one
specific star and there are.

502
00:26:02,109 --> 00:26:03,369
I mean, there's a lot of them.

503
00:26:03,429 --> 00:26:04,929
I, I don't even know
how big the number is.

504
00:26:04,929 --> 00:26:08,949
There's like 70 digits or something
in the number of private keys

505
00:26:08,949 --> 00:26:11,289
that you can potentially create.

506
00:26:12,039 --> 00:26:13,869
And over time I think that'll get higher.

507
00:26:13,869 --> 00:26:15,009
It'll get bigger and bigger.

508
00:26:15,159 --> 00:26:19,119
So it'll get diff more and more
difficult to, to take people's Bitcoin.

509
00:26:19,389 --> 00:26:21,459
It gets more difficult
to create more Bitcoin.

510
00:26:21,909 --> 00:26:25,809
That and that to me, that's, I
mean, I find that fascinating.

511
00:26:26,679 --> 00:26:28,149
I don't think anything can compete.

512
00:26:28,164 --> 00:26:28,384
Anja: Yep.

513
00:26:29,109 --> 00:26:30,339
No, it, it can't.

514
00:26:30,339 --> 00:26:31,119
I agree with you.

515
00:26:31,119 --> 00:26:31,989
Absolutely.

516
00:26:32,439 --> 00:26:33,999
Um, yeah, it's interesting.

517
00:26:33,999 --> 00:26:38,139
And going back to what you were
saying earlier on, like on on, on the

518
00:26:38,379 --> 00:26:43,329
whole issue of trust, if I was gonna
summarize it the way I understand it,

519
00:26:43,329 --> 00:26:47,769
you know, historically, going back a
few centuries ago, the issue of trust

520
00:26:47,769 --> 00:26:51,729
was between individuals and that's why
Central Banks initially stepped in.

521
00:26:52,364 --> 00:26:52,784
Mm-hmm.

522
00:26:52,864 --> 00:26:55,809
Um, they didn't have the
scope that they have today.

523
00:26:56,199 --> 00:27:00,249
It was a lot smaller and it was more
about standardization of money so that

524
00:27:00,249 --> 00:27:06,249
you knew if money was issued by your gold
coin was issued by a central institution,

525
00:27:06,249 --> 00:27:09,519
that it was, it, it was the real deal.

526
00:27:09,519 --> 00:27:11,919
No one manipulated it in any way.

527
00:27:12,429 --> 00:27:18,099
Um, and now what we are going
through, um, is the breakdown of trust

528
00:27:18,099 --> 00:27:20,349
between individuals and institutions.

529
00:27:21,144 --> 00:27:25,434
So that's kind of where Bitcoin
comes in because people have been

530
00:27:25,434 --> 00:27:28,284
calling out fiat for a long time.

531
00:27:28,704 --> 00:27:33,234
Um, you know, there've been many,
um, people talking about the Federal

532
00:27:33,234 --> 00:27:36,984
Reserve, like going back a hundred
years ago now, how it's a terrible idea.

533
00:27:37,494 --> 00:27:41,394
Um, they've been various documentaries
made even long before Bitcoin was ever

534
00:27:41,394 --> 00:27:45,654
invented about the global financial
system and what, what's wrong with

535
00:27:45,654 --> 00:27:49,524
it and that breakdown in trust and
how many bank runs have there been,

536
00:27:49,524 --> 00:27:51,174
how many bailouts have there been?

537
00:27:51,879 --> 00:27:54,999
Um, so that institutional
trust is really eroding.

538
00:27:54,999 --> 00:27:58,539
And I think what's speeding it
up now is that we do have an exit

539
00:27:58,569 --> 00:28:00,069
for the first time in history.

540
00:28:00,429 --> 00:28:02,859
And that's also what's very
confronting for a lot of people

541
00:28:02,859 --> 00:28:05,079
because it wasn't meant to be there.

542
00:28:06,129 --> 00:28:10,449
You know, it's kind of, we're having to
renegotiate everything we know about money

543
00:28:10,449 --> 00:28:13,209
and trust, and I just find it really fast.

544
00:28:13,209 --> 00:28:13,899
Fascinating.

545
00:28:13,899 --> 00:28:15,879
I love the human psychology of it.

546
00:28:16,029 --> 00:28:18,069
It's, yeah, it's really fascinating to me.

547
00:28:18,819 --> 00:28:19,029
Um,

548
00:28:19,029 --> 00:28:21,759
Rajat: yeah, we, we needed, I think
we did need central banks at one

549
00:28:21,759 --> 00:28:26,619
point, but now because of Bitcoin, we
don't, you can't use gold globally.

550
00:28:27,189 --> 00:28:29,379
If, like, if I, let's say for
example, you're in Australia, I'm

551
00:28:29,379 --> 00:28:31,329
in Toronto, uh, I'm in Canada.

552
00:28:31,869 --> 00:28:33,609
If I wanted to send you
gold, how do I do it?

553
00:28:34,059 --> 00:28:34,629
I can't.

554
00:28:34,929 --> 00:28:37,929
Whereas with Bitcoin you can
just put up a, a, a barcode.

555
00:28:37,929 --> 00:28:39,574
I can scan it and I can
send you that Bitcoin.

556
00:28:39,819 --> 00:28:40,089
Anja: Yeah.

557
00:28:40,779 --> 00:28:41,589
Absolutely.

558
00:28:41,679 --> 00:28:42,399
It's that easy.

559
00:28:43,059 --> 00:28:43,329
Rajat: Yeah.

560
00:28:43,449 --> 00:28:44,589
Anja: Um, yeah.

561
00:28:44,589 --> 00:28:49,089
And another fact I love someone commented
on one of my previous YouTube posts,

562
00:28:49,149 --> 00:28:52,989
um, and this is another rabbit hole
that I really wanna go down, is that

563
00:28:53,499 --> 00:28:57,519
in the global south, in countries like
Africa and Asia, it's the women who

564
00:28:57,519 --> 00:29:02,559
are largely driving adoption because
they are motivated by necessity.

565
00:29:02,919 --> 00:29:07,839
They're experiencing de banking a
lot more than women in the West.

566
00:29:07,869 --> 00:29:12,789
So women in the West seem to treat
it more like as a technology that

567
00:29:12,789 --> 00:29:14,289
they need to wrap their head around.

568
00:29:14,289 --> 00:29:18,489
It's not considered money, whereas
global south it is considered money.

569
00:29:18,549 --> 00:29:21,759
And that's why it's just, I just
found that very, very fascinating.

570
00:29:22,389 --> 00:29:26,619
Um, but I wanna talk about the
school that you, uh, organize.

571
00:29:26,619 --> 00:29:30,159
I love communities and, and, um,
I wanna know more about like the

572
00:29:30,159 --> 00:29:31,989
online community you've created.

573
00:29:33,159 --> 00:29:33,549
Rajat: Yeah.

574
00:29:33,789 --> 00:29:36,429
Uh, so I, I created a, a school community.

575
00:29:37,149 --> 00:29:43,179
The website is, uh, school.com,
SKOO l.com/retire with Bitcoin.

576
00:29:43,209 --> 00:29:45,519
So I created the community with
the intention of just helping

577
00:29:45,519 --> 00:29:48,879
as many people as possible
with answering their questions.

578
00:29:49,269 --> 00:29:52,449
And a lot of people have had
a lot of questions that even

579
00:29:52,449 --> 00:29:53,529
I've had to think about.

580
00:29:53,589 --> 00:29:57,309
And the great thing about the
school community is that there are

581
00:29:57,309 --> 00:30:00,429
people on there who know more than
I do, and then there are other

582
00:30:00,429 --> 00:30:02,139
people who know less than I do.

583
00:30:02,529 --> 00:30:06,459
So everybody's contributing and they're
giving their thoughts and their opinions

584
00:30:06,459 --> 00:30:10,419
on where this thing could go, where
this thing should go in the future, and

585
00:30:10,419 --> 00:30:14,499
where, where they think that it could
potentially, uh, where it could change

586
00:30:14,499 --> 00:30:15,909
the world, how it could change the world.

587
00:30:16,059 --> 00:30:19,749
So in that community, we have, I mean,
I, I've created a couple of courses.

588
00:30:19,749 --> 00:30:21,279
I've created a, a few videos.

589
00:30:21,549 --> 00:30:27,549
Uh, my goal is to just help people
to build wealth by using Bitcoin,

590
00:30:27,639 --> 00:30:31,509
creating as much value as they possibly
can, serving as many people as they

591
00:30:31,509 --> 00:30:33,099
possibly can so that they're not.

592
00:30:33,594 --> 00:30:36,384
Struggling for money
when they're 60, 70, 80.

593
00:30:36,624 --> 00:30:38,634
I don't know if you've heard
the term, uh uh, the phrase,

594
00:30:38,934 --> 00:30:40,584
uh, dying on the Walmart floor.

595
00:30:40,944 --> 00:30:42,054
To me, that's really scary.

596
00:30:42,054 --> 00:30:45,834
'cause what that means is basically it's
just older people who are, let's say

597
00:30:45,834 --> 00:30:50,034
in their seventies, eighties, nineties,
they're having to work part-time jobs

598
00:30:50,034 --> 00:30:51,684
because they can't afford their lives.

599
00:30:52,134 --> 00:30:56,274
And they're so old that they're
literally dying at their part-time

600
00:30:56,274 --> 00:31:01,614
jobs because they can't sustain their
lifestyle if they didn't work this job.

601
00:31:01,614 --> 00:31:04,644
And they're going through this stress
because of how the system works.

602
00:31:04,824 --> 00:31:06,204
And I don't want people
to go through that.

603
00:31:06,684 --> 00:31:08,664
I, I, I, that's, that scares me.

604
00:31:09,144 --> 00:31:13,404
And I know that that's a gap that a lot
of people have in their lives right now.

605
00:31:13,404 --> 00:31:16,404
They're not completely
financially illiterate.

606
00:31:16,734 --> 00:31:18,084
They trust the banks.

607
00:31:18,414 --> 00:31:21,504
But they don't understand that the
banks profit from their mistakes.

608
00:31:21,504 --> 00:31:25,314
They profit from, uh, these people
not understanding how money works.

609
00:31:25,464 --> 00:31:28,254
And, and that's basically
my goal in the community.

610
00:31:28,254 --> 00:31:33,444
My goal is just to give people
the means to understand how the

611
00:31:33,444 --> 00:31:36,444
financial system works so that they
can use it to their advantage rather

612
00:31:36,444 --> 00:31:37,824
than getting screwed over by it.

613
00:31:37,824 --> 00:31:42,474
So, for example, instead of working an
active job for the rest of their lives

614
00:31:42,474 --> 00:31:46,734
and giving their time, their effort,
their energy to a company, I want

615
00:31:46,734 --> 00:31:51,384
people to, I mean, of course you have
to do that at some point you have to

616
00:31:51,384 --> 00:31:55,584
work a job, but I want people to put
at least a small portion of that money

617
00:31:55,584 --> 00:32:00,804
into Bitcoin, because what that does is
it gives them an asset that's going to

618
00:32:00,804 --> 00:32:03,114
accumulate in purchasing power over time.

619
00:32:03,234 --> 00:32:08,934
It's going to continue to grow
forever, and at some point, I think

620
00:32:08,934 --> 00:32:10,044
it'll sustain their lifestyle.

621
00:32:10,944 --> 00:32:13,824
I think what it'll do is it'll
give them that power to not have

622
00:32:13,824 --> 00:32:15,114
to rely on an employer anymore.

623
00:32:15,834 --> 00:32:18,264
And, and to me that's one of
the most important things.

624
00:32:18,294 --> 00:32:21,924
I, I personally think that not having
an employer, being able to freely

625
00:32:21,924 --> 00:32:25,434
create your own value the way that you
want to, and then living your life,

626
00:32:25,434 --> 00:32:28,764
like the way that you're doing it,
the way that I, I've been doing it.

627
00:32:29,484 --> 00:32:32,184
I think that's one of the greatest
forms of freedom that you have.

628
00:32:32,754 --> 00:32:35,904
Not having to ask somebody for
permission to go on vacation, not

629
00:32:35,904 --> 00:32:39,444
having to ask to take a day off.

630
00:32:39,919 --> 00:32:43,374
I, I think that's the greatest form
of freedom that anybody can experience

631
00:32:43,374 --> 00:32:49,074
because it, I, I've seen people
just hate going to work on Monday.

632
00:32:50,064 --> 00:32:53,244
'cause they, they don't like the job that
they're doing, but they have to do it.

633
00:32:53,244 --> 00:32:57,354
They're forced to do it, and if they don't
do it, then they're gonna be homeless.

634
00:32:57,624 --> 00:33:01,524
So my goal again is to just help
people to not have to do that

635
00:33:01,524 --> 00:33:02,544
for the rest of their lives.

636
00:33:02,574 --> 00:33:07,164
If I can help one person do that,
10 people, a hundred people.

637
00:33:08,289 --> 00:33:09,249
A thousand people.

638
00:33:09,249 --> 00:33:10,539
I mean, I'm happy.

639
00:33:10,899 --> 00:33:13,029
I'm happy to, I'm happy to help.

640
00:33:13,274 --> 00:33:18,699
I, I think in total I've orange peeled,
I would say at least 10,000 people.

641
00:33:19,234 --> 00:33:23,854
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and secure your Bitcoin Australia's

642
00:33:23,854 --> 00:33:25,444
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643
00:33:25,594 --> 00:33:30,034
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devices, nodes, and backup solutions?

644
00:33:30,334 --> 00:33:35,359
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apparel, visit shop bitcoin.com au.

645
00:33:39,309 --> 00:33:40,119
Anja: Wow.

646
00:33:40,119 --> 00:33:42,099
Rajat: With, with the
content that I'm creating.

647
00:33:42,399 --> 00:33:43,149
Anja: Nice.

648
00:33:43,659 --> 00:33:46,149
Rajat: Um, and so in the community,
I have this webinar that I used to

649
00:33:46,149 --> 00:33:52,989
charge $50 for, and just that webinar
there were, so in total I had about

650
00:33:53,079 --> 00:33:57,549
3000 people who took that webinar,
and 2,500 of 'em were brand new.

651
00:33:58,839 --> 00:34:03,039
So 2,500 people who, at least
from my opinion, I would say

652
00:34:03,039 --> 00:34:05,284
80% of them were orange pilled.

653
00:34:06,309 --> 00:34:09,369
I got a lot of emails from people
telling me they started buying Bitcoin

654
00:34:09,369 --> 00:34:13,989
because of, and I want to, my, my
end goal, I mean, I, I I, I can only

655
00:34:13,989 --> 00:34:20,979
estimate 10,000 people across, let's say,
Instagram, Twitter, YouTube, 10,000 plus.

656
00:34:21,459 --> 00:34:26,499
Um, but my, my end goal is to orange
pill at least a million people.

657
00:34:26,619 --> 00:34:28,359
I think that'd be, I, I
think that'd be awesome.

658
00:34:29,199 --> 00:34:33,969
Anja: I love you said that because I,
I, um, I have kind of the same goal, um,

659
00:34:34,149 --> 00:34:38,589
which I have never voiced out loud, but
like I would love nothing more than to

660
00:34:38,589 --> 00:34:43,119
orange peel a million Australian families
and get them running their own rows, help

661
00:34:43,119 --> 00:34:45,459
them, like economically empower them.

662
00:34:45,459 --> 00:34:48,039
And although I don't have like a
traditional finance background, I

663
00:34:48,039 --> 00:34:52,239
do have a marketing background, um,
which kind of helps me, like I feel

664
00:34:52,239 --> 00:34:54,249
myself as almost like a gateway drug.

665
00:34:54,819 --> 00:34:55,209
Um.

666
00:34:55,869 --> 00:34:59,019
That first soft launch into the
Bitcoin community, and then there's

667
00:34:59,019 --> 00:35:02,829
so many other people you can find
that align with your worldview.

668
00:35:03,669 --> 00:35:05,019
Um, yeah.

669
00:35:05,024 --> 00:35:06,129
I I I love that.

670
00:35:06,129 --> 00:35:10,959
I, um, I, I'm so impressed with like
10,000 because for me, I feel happy.

671
00:35:11,349 --> 00:35:15,699
Just recently I organized a women in
Bitcoin meetup in Byron Bay and which is

672
00:35:15,699 --> 00:35:19,659
like a regional town in, in, in Australia.

673
00:35:20,409 --> 00:35:25,299
We had 14 women show up and some of them
have been in Bitcoin for a long time.

674
00:35:25,689 --> 00:35:30,099
Some of them are relatively new to
it, but still very clue, clued on.

675
00:35:30,099 --> 00:35:31,659
Some are curious about it.

676
00:35:31,719 --> 00:35:37,449
And then the very few, um, ladies
were complete nebes and they were

677
00:35:37,449 --> 00:35:40,479
like, okay, so tell me like what to
do, what do I invest my money in?

678
00:35:40,479 --> 00:35:41,499
We're like, no, no, no, no, no.

679
00:35:41,499 --> 00:35:43,539
We're not here to give financial advice.

680
00:35:43,599 --> 00:35:47,919
Um, we're here to like lead with
education and these are the resources

681
00:35:47,919 --> 00:35:51,399
that you can lean into to, you
know, start your self-education

682
00:35:51,399 --> 00:35:52,509
journey because this is like the.

683
00:35:53,619 --> 00:35:56,769
Powerful you think you can do for
yourself is to learn about money,

684
00:35:56,769 --> 00:35:59,589
especially where we are at in
the, in, in the world right now.

685
00:36:00,999 --> 00:36:04,209
And, and yeah, like a lot of
people just leave feeling very

686
00:36:04,209 --> 00:36:08,289
inspired and feel like that kind
of network effects is taking off.

687
00:36:08,679 --> 00:36:14,319
And I was also very inspired to, to,
um, I got curious to learn about how

688
00:36:14,319 --> 00:36:16,569
knowledge has been passed through history.

689
00:36:17,049 --> 00:36:21,309
And this again gave me like,
you know, a bit of, um, inspo.

690
00:36:22,329 --> 00:36:28,899
Is that women in particular, uh,
have passed knowledge horizontally.

691
00:36:28,899 --> 00:36:31,869
So peer-to-peer, sister to
sister, neighbor to neighbor.

692
00:36:31,899 --> 00:36:37,179
Whereas men who owned or managed
institutions like universities,

693
00:36:37,179 --> 00:36:42,339
banks, um, like spread, uh,
knowledge more vertically.

694
00:36:42,429 --> 00:36:44,799
So that's kind of an oversimplification.

695
00:36:44,799 --> 00:36:50,289
And obviously the world has changed a lot,
um, throughout history, but historically

696
00:36:50,289 --> 00:36:55,149
it was, yeah, it was women that led
that, you know, passing on information

697
00:36:55,149 --> 00:37:01,809
about societal issues, morality
about the home, midwifery, whatever.

698
00:37:01,869 --> 00:37:05,859
And this is why I think learning
about Bitcoin is so important because

699
00:37:06,129 --> 00:37:08,259
it is the base layer of our society.

700
00:37:08,259 --> 00:37:09,699
We all use money.

701
00:37:10,884 --> 00:37:15,654
We need not to carry shame around it
and have open and honest conversations

702
00:37:15,654 --> 00:37:18,564
to help em empower each other
and build resilient communities.

703
00:37:18,564 --> 00:37:20,334
So this is what I love.

704
00:37:21,204 --> 00:37:21,654
Um, yeah.

705
00:37:21,654 --> 00:37:26,364
But I'm very, I'm very curious to know,
um, is like, obviously if I'm hearing

706
00:37:26,364 --> 00:37:30,534
you right, you used to work, you know,
in your traditional finance life you

707
00:37:30,534 --> 00:37:34,014
used to help make rich people rich,
and now you're just helping regular

708
00:37:34,014 --> 00:37:36,984
people become financially independent.

709
00:37:36,984 --> 00:37:39,894
Do you have a success
story that you wanna share?

710
00:37:40,914 --> 00:37:41,814
Rajat: Yeah, absolutely.

711
00:37:42,294 --> 00:37:47,454
So there was actually, uh, I would
say that there are a few people

712
00:37:47,454 --> 00:37:52,494
who, who've gone from, let's say,
having tons of debt to paying it off

713
00:37:53,154 --> 00:37:55,539
and then starting to stack Bitcoin.

714
00:37:55,839 --> 00:37:58,179
I think it's more about mindset
in that ca in that case.

715
00:37:58,299 --> 00:38:02,769
So in the beginning it's about mindset
and then after, once you, if, if

716
00:38:02,769 --> 00:38:05,919
you don't bel let's say what I mean,
what I mean by that is if you don't

717
00:38:05,919 --> 00:38:08,949
believe that you can pay off your
debt, then you're not gonna do it.

718
00:38:09,279 --> 00:38:11,289
You're not gonna try to
find the ways to do it.

719
00:38:12,309 --> 00:38:17,559
I think with, with just paying off your
debt, and then I, so the way that I look

720
00:38:17,559 --> 00:38:22,239
at it, it's being, so there's two, two,
I guess two different groups of people.

721
00:38:22,239 --> 00:38:25,959
So there's people who are in
debt, they have massive amounts of

722
00:38:25,959 --> 00:38:29,589
credit card debt, that's bad debt.

723
00:38:30,489 --> 00:38:34,029
Then there are people who have no
debt, but they have some savings.

724
00:38:34,089 --> 00:38:37,029
Let's say they have, uh, or
they have a positive net worth.

725
00:38:37,029 --> 00:38:40,809
Let's say they have a house,
they have some cash, um,

726
00:38:41,799 --> 00:38:42,909
maybe they have some stocks.

727
00:38:43,749 --> 00:38:47,109
And then after that, there are
people who have the majority of

728
00:38:47,109 --> 00:38:52,974
their wealth in liquid assets like
stocks, Bitcoin, um, let's say REITs.

729
00:38:53,784 --> 00:38:58,914
Real estate investment trust, uh, I
would say probably even real estate.

730
00:38:59,484 --> 00:39:04,164
Um, and, and moving from the person
who's in debt and has a negative

731
00:39:04,164 --> 00:39:09,324
net worth to moving to, to becoming
someone who has a positive net

732
00:39:09,324 --> 00:39:11,244
worth and owns assets is huge.

733
00:39:12,084 --> 00:39:13,044
I think that's insane.

734
00:39:13,374 --> 00:39:16,944
So a lot of the people who, who
join the community, a lot of the

735
00:39:16,944 --> 00:39:20,634
people who have listened to my
content, most of them aren't at

736
00:39:20,634 --> 00:39:22,824
that point where they're in debt.

737
00:39:23,454 --> 00:39:26,964
I think most of them have paid off
their debt, or maybe they have a

738
00:39:26,964 --> 00:39:31,194
close to positive net worth, and
they're now looking at growing

739
00:39:31,194 --> 00:39:34,254
their wealth by multiplying it.

740
00:39:34,284 --> 00:39:36,354
So they have some savings, they
wanna multiply their savings.

741
00:39:36,354 --> 00:39:39,054
So I've had, I've had, let, let's
say, I'll give you an example.

742
00:39:39,054 --> 00:39:42,474
So I used to do the, uh, the
webinars that I mentioned.

743
00:39:43,899 --> 00:39:47,769
And I actually had a, a movie
director who watched the webinar

744
00:39:48,489 --> 00:39:49,869
and he had enough wealth.

745
00:39:49,869 --> 00:39:55,179
So at the time Bitcoin was like 30 K.
So this, this guy, he had like $900,000

746
00:39:55,179 --> 00:39:57,909
in, uh, I think it was in stocks.

747
00:39:58,719 --> 00:40:01,809
I think it might have been index
funds, but I, he had about $900,000.

748
00:40:01,989 --> 00:40:04,719
He converted that $900,000
after the watching the webinar.

749
00:40:04,719 --> 00:40:09,309
And he, I guess that was his, his,
um, like the seed that was planted

750
00:40:09,669 --> 00:40:11,889
after watching the webinar, he
did a little bit more research.

751
00:40:11,889 --> 00:40:13,449
He talked to other people about it.

752
00:40:13,449 --> 00:40:20,264
He looked online and he converted
$900,000 into Bitcoin and

753
00:40:20,409 --> 00:40:21,759
he got 30 Bitcoin out of it.

754
00:40:22,809 --> 00:40:23,859
Absolutely wild.

755
00:40:24,369 --> 00:40:28,929
And I think that that 30 Bitcoin, so he
went from having, let's say, index funds.

756
00:40:29,514 --> 00:40:32,544
Uh, he, he was already creating value,
but he went from having index funds to

757
00:40:32,544 --> 00:40:37,104
just completely moving into Bitcoin,
which to me is, I mean, that, that's

758
00:40:37,104 --> 00:40:38,994
fascinated, that, that's amazing.

759
00:40:38,994 --> 00:40:41,634
That's, that's the kind of story
that I want to, that that's the kind

760
00:40:41,634 --> 00:40:43,104
of story that I want to inspire.

761
00:40:43,374 --> 00:40:45,144
And then there was another
guy who was a doctor.

762
00:40:45,684 --> 00:40:48,264
Um, he had 15 rental properties.

763
00:40:48,624 --> 00:40:52,344
He booked a meeting with me, a one-on-one
meeting with me, and he sold 10 of them

764
00:40:53,634 --> 00:40:53,964
Anja: boom,

765
00:40:54,594 --> 00:40:55,254
Rajat: to buy Bitcoin.

766
00:40:56,214 --> 00:40:56,754
Crazy.

767
00:40:57,474 --> 00:41:02,424
And now he probably has more
Bitcoin than all of the doctors

768
00:41:02,424 --> 00:41:03,684
that he works with combined.

769
00:41:04,764 --> 00:41:07,884
And, and that, that's, that's
life changing at some point.

770
00:41:08,574 --> 00:41:14,304
The bitcoin that he, that, that he, that
he has is not only going to support him.

771
00:41:15,144 --> 00:41:18,804
But probably also four or five,
six generations into the future

772
00:41:18,804 --> 00:41:21,024
if he manages it properly.

773
00:41:21,654 --> 00:41:23,814
And, and to me that's,
that's what's life changing.

774
00:41:23,814 --> 00:41:26,904
I think the, there are people who,
that you have to change your mindset

775
00:41:26,994 --> 00:41:29,124
to really start paying off your debt.

776
00:41:29,124 --> 00:41:32,514
And then you have to really look
into what investing is to get to the

777
00:41:32,514 --> 00:41:36,624
point where you can even think about
putting your money into two assets.

778
00:41:36,654 --> 00:41:39,714
But then after that, once you've already
done that, I think it's probably the

779
00:41:39,714 --> 00:41:43,614
most difficult part because you've
spent the most time already learning

780
00:41:43,614 --> 00:41:47,364
about, let's say stocks, real estate
bonds, gold, whatever it is, and

781
00:41:47,364 --> 00:41:49,974
switching from that to, to Bitcoin.

782
00:41:50,454 --> 00:41:52,254
I mean, that, that's, it's huge.

783
00:41:52,254 --> 00:41:53,424
It's a massive change.

784
00:41:53,544 --> 00:41:57,684
It's a, it's a huge paradigm
shift just going from physical to

785
00:41:57,684 --> 00:42:02,064
digital, going from centralized
assets to decentralized assets.

786
00:42:03,054 --> 00:42:05,484
That's, I think that's
the most important thing.

787
00:42:05,484 --> 00:42:09,654
There are a lot of people who, there was
another guy who had, I think it was a

788
00:42:09,654 --> 00:42:14,874
hundred thousand, $96,000 or something
like that, in a cd, in a certificate of

789
00:42:14,874 --> 00:42:18,054
deposit, and he booked a meeting with me.

790
00:42:18,204 --> 00:42:23,364
He wanted to know what he can do to
potentially retire, and his goal, like

791
00:42:23,364 --> 00:42:26,664
at the end of the day, his goal was
to just keep working, keep working,

792
00:42:26,664 --> 00:42:32,244
keep putting five to $10,000 into
this cd, or just keep buying CDs and

793
00:42:32,754 --> 00:42:34,494
use those at some point to retire.

794
00:42:34,494 --> 00:42:37,134
But I told him it's impossible.

795
00:42:37,134 --> 00:42:39,294
So a CD is a certificate of deposit.

796
00:42:39,294 --> 00:42:43,674
What it is, it gives you a fixed
interest rate, and every year, let's

797
00:42:43,674 --> 00:42:49,224
say you're gonna get 3%, 4%, 5%,
whereas inflation could be seven to 10%.

798
00:42:49,224 --> 00:42:49,284
Yeah.

799
00:42:49,734 --> 00:42:52,794
So technically he's making money.

800
00:42:52,794 --> 00:42:57,654
I mean, he's making money in terms
of US dollars, but in terms of real

801
00:42:57,654 --> 00:42:59,394
world goods, he's losing value.

802
00:43:00,159 --> 00:43:02,409
He's losing four to 5% per year.

803
00:43:03,129 --> 00:43:09,039
And after he had that meeting with
me, he immediately went and converted

804
00:43:09,429 --> 00:43:11,319
about 80% of the value that he had.

805
00:43:11,319 --> 00:43:17,079
So I think it was, I think it might've
been like $75,000 into Bitcoin.

806
00:43:17,559 --> 00:43:21,909
And he got to almost a whole coin,
which is, I mean, to me that's amazing.

807
00:43:22,119 --> 00:43:23,679
And he's been working
his way to a whole coin.

808
00:43:23,829 --> 00:43:27,009
So what, like, when you think about it,
all those stories combined, these people

809
00:43:27,014 --> 00:43:30,639
have bought, one got 30 Bitcoin, one
got something like a hundred Bitcoin,

810
00:43:30,909 --> 00:43:32,859
the other one got close to one Bitcoin.

811
00:43:32,859 --> 00:43:37,239
There are people who've bought 0.1
Bitcoin, 0.01 Bitcoin after talking to

812
00:43:37,239 --> 00:43:39,699
me just as like a, a, a backup plan.

813
00:43:39,699 --> 00:43:43,629
They still don't believe in it, but they
bought 0.01 because just in case, in

814
00:43:43,629 --> 00:43:47,019
case this is, go through it and they're
starting to, to learn more about it.

815
00:43:47,259 --> 00:43:53,139
But I, I think the, the impact
that social media can have is huge.

816
00:43:54,294 --> 00:43:58,824
The impact that we can have as content
creators is absolutely massive.

817
00:43:58,824 --> 00:44:02,034
Like you can change somebody's life
and they don't know it yet, but at some

818
00:44:02,034 --> 00:44:05,934
point they're going to look back and
they're gonna think That video that

819
00:44:05,934 --> 00:44:08,694
I watched is what changed my life.

820
00:44:08,694 --> 00:44:12,834
And it, that's what gave me
the, the present that I have.

821
00:44:13,044 --> 00:44:15,234
Whereas with others, with other
assets, maybe they wouldn't be

822
00:44:15,234 --> 00:44:16,404
able to to do the same things.

823
00:44:16,554 --> 00:44:20,244
So the guy that I was talking about,
the doctor, um, he hated managing

824
00:44:20,244 --> 00:44:24,894
his properties and now all he has
to do is manage a seed phrase.

825
00:44:25,194 --> 00:44:25,374
Anja: Yeah.

826
00:44:25,884 --> 00:44:26,724
Rajat: So much easier.

827
00:44:27,219 --> 00:44:27,719
So much easier.

828
00:44:27,719 --> 00:44:29,034
He was a doctor, right?

829
00:44:29,394 --> 00:44:31,374
He was a doctor, he was working full time.

830
00:44:31,374 --> 00:44:33,894
And because of how the system
works, he has to have a second

831
00:44:34,014 --> 00:44:36,024
part-time job just to save.

832
00:44:36,504 --> 00:44:37,494
That makes no sense.

833
00:44:37,494 --> 00:44:41,394
And he, he could see that it didn't
make sense, so he wanted to get

834
00:44:41,394 --> 00:44:46,374
out of having too many things to
manage and Bitcoin gave that to

835
00:44:46,374 --> 00:44:47,814
him, like it gave him that freedom.

836
00:44:48,564 --> 00:44:52,134
And I was so happy to have taken
him through the process of.

837
00:44:52,749 --> 00:44:53,379
Accumulating Bitcoin.

838
00:44:53,769 --> 00:44:55,539
Anja: Yeah, absolutely.

839
00:44:55,539 --> 00:45:00,999
And I wanted to ask you, I'm so glad
you brought up, um, credit card debt

840
00:45:01,029 --> 00:45:05,079
because I assume Canada's similar
situation to Australia is now there

841
00:45:05,079 --> 00:45:09,609
is a cost of living crisis and a lot
of people here have credit card debt.

842
00:45:09,639 --> 00:45:14,079
They have the buy now pay later debt
as well on top of the credit card debt.

843
00:45:14,559 --> 00:45:18,129
So people are really struggling
financially and we are seeing an

844
00:45:18,129 --> 00:45:22,119
increasing number of Australians
living paycheck to paycheck.

845
00:45:22,119 --> 00:45:27,729
So they don't have a disposable income
that they once had to put into savings,

846
00:45:28,479 --> 00:45:30,789
um, on top of the debt they have.

847
00:45:30,819 --> 00:45:35,049
And unfortunately, like this, one of the
things that breaks my heart is sometimes

848
00:45:35,049 --> 00:45:39,729
people who are interested in, in, you
know, acquiring some Bitcoin, they

849
00:45:39,729 --> 00:45:43,899
almost wanna kind of jump a few steps
ahead rather than paying down late debt.

850
00:45:43,899 --> 00:45:48,459
First they wanna use Bitcoin
to potentially increase

851
00:45:48,459 --> 00:45:49,839
their purchasing power.

852
00:45:50,409 --> 00:45:54,099
Sell that Bitcoin trigger a capital
gains tax and then pay off the credit

853
00:45:54,099 --> 00:45:57,519
card debt, where I feel like that might
be like a weird way to go about it.

854
00:45:58,029 --> 00:45:58,689
Do you think So,

855
00:45:58,869 --> 00:46:02,199
Rajat: I think, I think there's
a balance that's required.

856
00:46:03,279 --> 00:46:06,579
I would say pay off your credit
cards, but at the same time, I

857
00:46:06,579 --> 00:46:10,749
would say even stack a dollar, $2,
$5 worth of Bitcoin every month.

858
00:46:11,379 --> 00:46:14,499
And I, I don't think that people
should be putting all of their money

859
00:46:14,499 --> 00:46:17,289
into Bitcoin because at that point,
if you're in credit card debt, you

860
00:46:17,289 --> 00:46:22,179
might want to get that guaranteed
return of paying off your credit cards.

861
00:46:22,449 --> 00:46:24,279
And I think that's very valuable.

862
00:46:24,279 --> 00:46:28,419
So let's say if you're paying 25%
interest or 20% interest, if you

863
00:46:28,419 --> 00:46:32,019
pay off your credit card, that's
a guaranteed 20, 25% return.

864
00:46:32,859 --> 00:46:36,189
Whereas with Bitcoin, what you're
doing is you are buying this asset.

865
00:46:36,189 --> 00:46:38,079
Of course, buying the asset is great.

866
00:46:38,409 --> 00:46:42,429
We have no idea what the returns will look
like in the short term over the long term.

867
00:46:42,429 --> 00:46:45,819
Maybe it'll go up, but let's say
Bitcoin doubles every four years.

868
00:46:46,449 --> 00:46:49,359
Your credit card debt will probably
also double every four years.

869
00:46:50,289 --> 00:46:50,859
Or more.

870
00:46:51,624 --> 00:46:55,449
And, and I, I think it's important
to start stacking Bitcoin as

871
00:46:55,449 --> 00:46:57,489
much as you can, but obviously
pay off the credit card debt.

872
00:46:57,489 --> 00:47:00,219
If you, if you have low interest
credit card debt, that's different.

873
00:47:00,909 --> 00:47:02,199
This applies to high interest.

874
00:47:02,199 --> 00:47:07,929
So let's say 20, 25%, if you can, if you
have like a, uh, an introductory, um,

875
00:47:08,049 --> 00:47:13,029
rate, like a balance transfer rate of
one or 2%, don't pay that off, of course.

876
00:47:13,089 --> 00:47:15,459
But if you're paying 20, 25%,
that doesn't make any sense.

877
00:47:15,699 --> 00:47:18,339
There are cards that have,
let's say 10% interest rates.

878
00:47:18,939 --> 00:47:22,419
I think that 10% is a great
rate to be buying Bitcoin at.

879
00:47:22,419 --> 00:47:29,319
If you have companies like MicroStrategy
issuing credit at 11% with STRC and

880
00:47:29,319 --> 00:47:32,229
they're buying Bitcoin with it, I
think 10% is a great rate in that case.

881
00:47:32,379 --> 00:47:34,539
So it, it depends on the situation.

882
00:47:34,809 --> 00:47:37,479
Credit card debt in
general isn't always bad.

883
00:47:38,379 --> 00:47:42,609
Um, if, like, like I said, if you have a
balanced transfer of 1%, that's, I think

884
00:47:42,609 --> 00:47:44,769
that's, I think that's, that's a great.

885
00:47:45,399 --> 00:47:49,149
Way to do things because what you're doing
is you're basically getting that money

886
00:47:49,149 --> 00:47:51,219
for free and you're buying assets with it.

887
00:47:51,639 --> 00:47:52,749
I think that's, that's smart.

888
00:47:52,809 --> 00:47:56,169
But then if you have credit card
debt and you can't pay for your

889
00:47:56,169 --> 00:48:01,029
day-to-day expenses, I don't think
that buying Bitcoin is gonna help you.

890
00:48:01,629 --> 00:48:06,819
I think what you should be focusing on
is spending more or spending less than

891
00:48:06,819 --> 00:48:12,729
you earn, either increasing your income
or find ways to cut your expenses.

892
00:48:13,659 --> 00:48:16,989
And then after that, let's say if
you find a gap of a hundred dollars

893
00:48:16,989 --> 00:48:20,079
a month, you can put that a hundred
dollars a month into your credit card,

894
00:48:20,109 --> 00:48:22,479
pay that off, get the snowball rolling.

895
00:48:23,229 --> 00:48:25,839
And if you really want to,
let's say you can save a hundred

896
00:48:25,839 --> 00:48:29,229
dollars a month, put $90 into your
credit card and $10 into Bitcoin.

897
00:48:30,759 --> 00:48:33,654
I, I don't, I don't think it'd
be, I wouldn't advise putting all

898
00:48:33,654 --> 00:48:35,214
$100 into Bitcoin at that point.

899
00:48:35,364 --> 00:48:38,184
I think at that point it would
be very smart to mostly use your

900
00:48:38,184 --> 00:48:41,934
savings to pay off Bitcoin, but af
after that point, if you can save a

901
00:48:41,934 --> 00:48:44,724
hundred dollars a month, maybe you can
increase your income by $200 a month.

902
00:48:45,354 --> 00:48:46,404
That's a $300 gap.

903
00:48:47,334 --> 00:48:50,934
If you can then cut more expenses,
uh, more of your expenses, let's

904
00:48:50,934 --> 00:48:53,934
say you cut out another a hundred
dollars a month, that's a $400 gap.

905
00:48:54,564 --> 00:48:55,854
You can always increase your income.

906
00:48:55,854 --> 00:48:57,714
There's no limit to how much
you can increase your income.

907
00:48:58,284 --> 00:49:00,774
There is a limit to how much you
can cut your expenses though.

908
00:49:00,924 --> 00:49:04,464
So what I would say is focus on increasing
your income, create new skills, build new

909
00:49:04,464 --> 00:49:08,634
skills, create as much value as you can,
serve as many people as you can, and then

910
00:49:08,634 --> 00:49:10,974
use the proceeds of that to buy Bitcoin.

911
00:49:11,184 --> 00:49:15,354
One thing that I had a really difficult
time wrapping my head around is

912
00:49:16,614 --> 00:49:22,254
your income can, you can, you can
keep increasing your income forever.

913
00:49:22,344 --> 00:49:23,004
There's no limit.

914
00:49:24,033 --> 00:49:28,653
Speaker 3: Need a way to sign, verify
and secure your Bitcoin Australia's

915
00:49:28,653 --> 00:49:30,243
one-stop shop for Bitcoiners.

916
00:49:30,393 --> 00:49:34,833
Has you covered from signing
devices, nodes, and backup solutions?

917
00:49:35,133 --> 00:49:40,158
To bid access day decor and
apparel, visit shop bitcoin.com au.

918
00:49:44,079 --> 00:49:46,329
Rajat: There's an abundance of,
let's say Australian dollars.

919
00:49:46,389 --> 00:49:48,429
There's an abundance of US
dollars, Canadian dollars.

920
00:49:48,669 --> 00:49:50,889
There is no limit to how
many dollars can exist.

921
00:49:51,309 --> 00:49:54,519
So if you feel like you can make
a certain amount of money, you're

922
00:49:54,519 --> 00:49:56,169
just holding yourself back.

923
00:49:56,199 --> 00:50:00,219
I, I've made videos about, let's
say, earning $5,000 a month,

924
00:50:00,579 --> 00:50:02,379
$10,000 a month, $20,000 a month.

925
00:50:02,559 --> 00:50:05,499
And there's always somebody in the
comments who says, no, it's impossible.

926
00:50:05,739 --> 00:50:06,339
I can't do it.

927
00:50:06,639 --> 00:50:07,209
I can't do it.

928
00:50:07,284 --> 00:50:10,749
And I mean, if you're thinking
that way, you've already stopped

929
00:50:10,749 --> 00:50:12,489
yourself from going to that point.

930
00:50:13,059 --> 00:50:13,929
It's not gonna happen.

931
00:50:14,469 --> 00:50:17,799
But if you believe that, okay,
it can happen, then maybe you'll

932
00:50:17,799 --> 00:50:19,299
find ways to make it happen.

933
00:50:20,139 --> 00:50:21,099
And I think that's the key.

934
00:50:22,359 --> 00:50:25,269
Back to what we were saying,
pay off the credit cards.

935
00:50:26,259 --> 00:50:29,019
Buy Bitcoin with maybe a small amount if
you can, but pay off the credit cards.

936
00:50:29,019 --> 00:50:31,629
And I think you'll feel great
if you have low interest

937
00:50:31,629 --> 00:50:32,799
credit cards, that's different.

938
00:50:32,799 --> 00:50:38,829
If it's 10%, 5%, 3%, keep them for as long
as you can, I would say and buy Bitcoin

939
00:50:38,829 --> 00:50:40,719
with, with the income that you have.

940
00:50:40,989 --> 00:50:41,679
But I mean.

941
00:50:42,069 --> 00:50:45,909
Even then having credit card debt
is, it's a little bit stressful.

942
00:50:46,239 --> 00:50:51,609
Just knowing that your creditor can
increase the rate that they charge

943
00:50:51,609 --> 00:50:53,079
you at any time, and they can do that.

944
00:50:53,079 --> 00:50:55,269
That's, that's nothing is
stopping them from doing that.

945
00:50:55,539 --> 00:50:59,979
If you have a, I so for example, I
have a line of credit, um, and I, I've

946
00:50:59,979 --> 00:51:04,959
obviously maxed it out and bought Bitcoin
with it, but now the, the lender has

947
00:51:04,959 --> 00:51:08,379
increased the interest rate by 2% and
there's nothing that I can do about it.

948
00:51:08,379 --> 00:51:09,159
I'm okay with it.

949
00:51:09,399 --> 00:51:12,759
I'm, I'm fine with the increase in the
interest rate, but let's say for example,

950
00:51:12,759 --> 00:51:18,639
if you have credit card, you go from
21% to to 30%, that's a massive change,

951
00:51:19,419 --> 00:51:24,099
and it's a guaranteed loss of 30% per
year that you can't stop and that's

952
00:51:24,099 --> 00:51:25,629
gonna compound against you over time.

953
00:51:25,719 --> 00:51:25,989
Anja: Yeah.

954
00:51:27,069 --> 00:51:27,309
Yep.

955
00:51:27,369 --> 00:51:28,869
I'm just doing the math in my head.

956
00:51:30,009 --> 00:51:30,369
Rajat: Yeah.

957
00:51:30,819 --> 00:51:31,119
Anja: But.

958
00:51:31,794 --> 00:51:36,864
Like, just before we wrap up, I wanna ask
you for people who are listening to this

959
00:51:36,864 --> 00:51:39,624
podcast, and they may be starting at zero.

960
00:51:39,714 --> 00:51:45,444
So if they live in, most of my listeners
are Australia, us, Canada, and uk.

961
00:51:45,924 --> 00:51:49,584
Um, so if they're like, you know, in
their twenties or thirties earning

962
00:51:49,644 --> 00:51:54,834
a reasonable income and they've got
some disposable income to set aside

963
00:51:54,834 --> 00:52:02,874
into savings, can they still acquire
a meaningful amount of Bitcoin to make

964
00:52:02,874 --> 00:52:05,394
a meaningful difference in their life?

965
00:52:06,684 --> 00:52:07,704
Rajat: Yeah, absolutely.

966
00:52:07,704 --> 00:52:11,364
So one thing that I really like doing is
I have a compound interest calculator that

967
00:52:11,364 --> 00:52:13,404
I, that I made specifically for Bitcoin.

968
00:52:14,694 --> 00:52:16,044
If, can I share my screen?

969
00:52:16,404 --> 00:52:17,094
Anja: Of course.

970
00:52:17,424 --> 00:52:17,664
Rajat: Yeah.

971
00:52:17,694 --> 00:52:17,964
Okay.

972
00:52:18,429 --> 00:52:19,349
A, I have this compound interest cover.

973
00:52:20,489 --> 00:52:20,869
Oh, perfect.

974
00:52:20,929 --> 00:52:23,304
So I have this compound interest
calculator that I created.

975
00:52:23,754 --> 00:52:26,994
It shows you, if you were to buy
a certain amount of Bitcoin every

976
00:52:26,994 --> 00:52:28,434
month, what exactly would happen?

977
00:52:28,434 --> 00:52:32,184
You can obviously go into another combin
risk calculator, but the reason why I like

978
00:52:32,184 --> 00:52:35,814
this one so much is that, uh, I've added
some features that I personally like.

979
00:52:35,814 --> 00:52:39,384
So you can, first of all, change the
currency that's, that's do denominated in.

980
00:52:39,384 --> 00:52:40,829
So let's say you want
to, so we've got the a

981
00:52:40,949 --> 00:52:41,069
d

982
00:52:42,009 --> 00:52:42,229
Rajat: Yep,

983
00:52:42,229 --> 00:52:42,469
Anja: let's

984
00:52:42,469 --> 00:52:44,454
Rajat: go, let's you change
to Australian dollars.

985
00:52:44,454 --> 00:52:45,384
You can do that, right?

986
00:52:45,384 --> 00:52:48,384
So you can put an Australian
dollars here and you can see exactly

987
00:52:48,384 --> 00:52:50,424
the price of Bitcoin in that.

988
00:52:50,664 --> 00:52:53,604
And then let's say for example,
in your case, let, let's actually,

989
00:52:54,024 --> 00:52:55,314
let's create an example here.

990
00:52:55,644 --> 00:52:59,214
So if that person that you're talking
about, let's say they just wanna start

991
00:52:59,484 --> 00:53:02,064
investing, how much money do you think
that they would want invest per month?

992
00:53:02,844 --> 00:53:04,404
Anja: Per month in Australia?

993
00:53:05,034 --> 00:53:11,574
Um, I reckon most people, if they
were disciplined, could easily

994
00:53:11,574 --> 00:53:14,814
squeeze in, well, I don't wanna say
that, that might sound offensive,

995
00:53:14,814 --> 00:53:16,104
but let's just go with 500.

996
00:53:17,034 --> 00:53:17,559
Rajat: 500, 500 a

997
00:53:17,559 --> 00:53:17,599
Anja: month.

998
00:53:17,669 --> 00:53:18,444
Rajat: 500 a month.

999
00:53:18,954 --> 00:53:21,594
And then what do you think the return
on Bitcoin will be over the next.

1000
00:53:22,704 --> 00:53:26,064
Actually what, what we'll do is
we'll go with how many years.

1001
00:53:26,064 --> 00:53:28,584
So let's say if this person's gonna
retire, when are they gonna retire?

1002
00:53:28,584 --> 00:53:29,844
20 years, 30 years from now?

1003
00:53:31,104 --> 00:53:32,874
Anja: Um, let's go 20 years.

1004
00:53:33,294 --> 00:53:33,774
Rajat: 20 years.

1005
00:53:33,774 --> 00:53:34,044
Okay.

1006
00:53:34,524 --> 00:53:35,544
So 20 years from now.

1007
00:53:35,934 --> 00:53:38,274
Uh, what do you think the return
will be over the 20 next 20 years?

1008
00:53:38,274 --> 00:53:40,074
I think it'll probably be around 30%.

1009
00:53:41,004 --> 00:53:43,614
Anja: I was gonna say
30 for 10, definitely.

1010
00:53:43,914 --> 00:53:46,224
Um, but yeah, let's go 30 for 20.

1011
00:53:46,224 --> 00:53:46,434
Okay.

1012
00:53:46,794 --> 00:53:48,294
That seems high though, but okay.

1013
00:53:48,294 --> 00:53:48,354
Yeah.

1014
00:53:48,744 --> 00:53:48,924
Rajat: Okay.

1015
00:53:48,924 --> 00:53:49,164
Let's go.

1016
00:53:49,224 --> 00:53:49,824
25.

1017
00:53:50,604 --> 00:53:50,874
Anja: Okay.

1018
00:53:50,879 --> 00:53:51,189
Rajat: 25.

1019
00:53:51,564 --> 00:53:51,714
Yeah.

1020
00:53:51,714 --> 00:53:51,864
Okay.

1021
00:53:52,104 --> 00:53:56,214
So let's say you go 25%, you're gonna
be buying 500 Australian dollars

1022
00:53:56,214 --> 00:53:57,564
worth of Bitcoin every single month.

1023
00:53:58,134 --> 00:54:01,494
The first year you're
gonna buy about 0.05.

1024
00:54:02,064 --> 00:54:03,684
Obviously these numbers
aren't gonna be exact.

1025
00:54:03,804 --> 00:54:04,554
That's impossible.

1026
00:54:04,554 --> 00:54:06,264
Nobody knows where bitcoin's
gonna go in the short term.

1027
00:54:06,564 --> 00:54:07,374
Nobody has any idea.

1028
00:54:07,524 --> 00:54:11,964
So let's say in the short term, in
the year, you get 0.047 Bitcoin.

1029
00:54:12,729 --> 00:54:14,559
The next year you get 0.037.

1030
00:54:14,649 --> 00:54:16,569
Next year you get 0.03.

1031
00:54:16,869 --> 00:54:19,329
Next year you get 2.4 million Satoshis.

1032
00:54:19,449 --> 00:54:21,699
So what Bitcoin is, is it's one Bitcoin.

1033
00:54:21,759 --> 00:54:24,549
There are 21 million Bitcoin
in total, or they're going to

1034
00:54:24,549 --> 00:54:25,839
be 21 million Bitcoin in total.

1035
00:54:26,139 --> 00:54:28,689
And each Bitcoin can be split
into a hundred million Satoshis.

1036
00:54:28,689 --> 00:54:31,929
So in this case, first year you
bought 4.7 million Satoshis.

1037
00:54:32,439 --> 00:54:34,419
Second year you bought
3.7 million Satoshis.

1038
00:54:34,419 --> 00:54:36,069
Third year you bought 3 million Satoshis.

1039
00:54:36,069 --> 00:54:39,819
And the reason for that is that the price
is going up over time, but the amount

1040
00:54:39,819 --> 00:54:41,109
that you're buying is staying consistent.

1041
00:54:41,649 --> 00:54:43,869
So in the first year you have $0.

1042
00:54:43,899 --> 00:54:46,029
You can see here, column D
I'll zoom in a little bit.

1043
00:54:46,539 --> 00:54:49,299
Uh, you have $0 in the first
year, but over time you're

1044
00:54:49,299 --> 00:54:50,319
gonna stack more and more.

1045
00:54:50,379 --> 00:54:51,879
Second year you have 7,500.

1046
00:54:52,209 --> 00:54:53,829
Third year you have 17,000.

1047
00:54:54,099 --> 00:54:56,169
Fourth year you have 29,000.

1048
00:54:56,589 --> 00:54:59,409
By 2031, you have $61,000 saved.

1049
00:54:59,439 --> 00:55:02,589
That's $500 a month, 500
Australian dollars per month.

1050
00:55:02,619 --> 00:55:03,249
That's that.

1051
00:55:03,249 --> 00:55:05,199
I think that's a, that's
a great growth rate.

1052
00:55:05,379 --> 00:55:06,909
And you're still stacking
the Bitcoin, right?

1053
00:55:07,059 --> 00:55:09,789
So you have, in the fifth
year you have all this, so you

1054
00:55:09,789 --> 00:55:11,679
have $61,000 worth of Bitcoin.

1055
00:55:12,399 --> 00:55:13,479
And you have in total.

1056
00:55:13,749 --> 00:55:16,089
So in total you have 0.15 Bitcoin.

1057
00:55:16,089 --> 00:55:18,219
So 15.7 million Satoshis.

1058
00:55:18,369 --> 00:55:19,869
That's with $500 per month.

1059
00:55:20,049 --> 00:55:22,239
So over time, that's gonna
keep growing and growing.

1060
00:55:22,419 --> 00:55:25,539
You're gonna keep stacking, but
what you're going to see is that

1061
00:55:25,539 --> 00:55:32,019
at some point your stack is going
to grow much, much faster than the

1062
00:55:32,019 --> 00:55:33,009
amount of Bitcoin that you put in.

1063
00:55:33,399 --> 00:55:34,179
So, sorry.

1064
00:55:34,179 --> 00:55:36,549
But then the amount of dollars
that you put in, so you're gonna

1065
00:55:36,549 --> 00:55:40,749
start with, in this ca in the first
year, the majority of your value is

1066
00:55:40,749 --> 00:55:42,339
just the Bitcoin that you bought.

1067
00:55:42,369 --> 00:55:48,849
Mm. So we can actually see here, if
we scroll over, uh, column W after

1068
00:55:48,849 --> 00:55:52,809
one year, you've put in $6,000, but
your Bitcoin has grown to 7,500.

1069
00:55:52,959 --> 00:55:56,409
So your portfolio is 80%
of money that you put in.

1070
00:55:56,529 --> 00:56:01,899
You put in 80% of the value In year
two, you see here, you put in 12,000,

1071
00:56:01,899 --> 00:56:04,089
but your Bitcoin grew at 25% per year.

1072
00:56:04,719 --> 00:56:09,339
So now you have 17,000, which is 71% of
your portfolio is money that you put in.

1073
00:56:09,399 --> 00:56:11,919
But let's say after five
years, this is the fun part.

1074
00:56:11,919 --> 00:56:14,529
Over time your investment keeps dropping.

1075
00:56:14,529 --> 00:56:18,399
Even though the amount of money that
you're putting in is increasing, the

1076
00:56:18,399 --> 00:56:22,119
percentage of your portfolio that
you initially put in is decreasing.

1077
00:56:22,119 --> 00:56:25,269
So your return is gonna be a bigger
percentage of your portfolio.

1078
00:56:25,419 --> 00:56:30,159
So let's say after five years, you
are gonna see here your portfolio

1079
00:56:30,159 --> 00:56:32,229
is worth 61,000, like we mentioned.

1080
00:56:32,229 --> 00:56:33,819
But you've only invested 30,000.

1081
00:56:34,449 --> 00:56:37,389
That's 48.74% of your portfolio
is money that you put in.

1082
00:56:37,629 --> 00:56:43,179
But now let's say after year 10,
year 10, you're at 24% of your

1083
00:56:43,179 --> 00:56:44,469
portfolio is money that you put in.

1084
00:56:45,549 --> 00:56:48,699
And over time, this keeps, it keeps
falling and falling because your

1085
00:56:48,699 --> 00:56:50,079
investment is growing by so much.

1086
00:56:50,079 --> 00:56:52,239
So you can see here at the
bottom here, the growth.

1087
00:56:53,319 --> 00:56:58,149
In year at year 10, your
portfolio has grown by 189,000,

1088
00:56:58,149 --> 00:56:59,769
but you've only put in 60,000.

1089
00:57:00,429 --> 00:57:03,579
So this, I think this is the mindset
that, that's really difficult to

1090
00:57:03,819 --> 00:57:08,349
develop, but once you have it, this
mindset is, is gonna change your life.

1091
00:57:08,349 --> 00:57:09,549
It's, it's compounding, right?

1092
00:57:09,699 --> 00:57:15,669
So what I mean here is you are
actively working for your income, but

1093
00:57:15,669 --> 00:57:18,069
you want your money to work for you.

1094
00:57:18,279 --> 00:57:20,349
You don't wanna work for money, you
want your money to work for you.

1095
00:57:20,469 --> 00:57:21,939
And that's exactly what's happening here.

1096
00:57:22,269 --> 00:57:26,139
You are in the beginning, you're putting
in your energy and effort into this.

1097
00:57:26,139 --> 00:57:29,319
You're putting $500 per month and
assuming, let's say you're working a job,

1098
00:57:29,499 --> 00:57:35,439
you're putting $500 a month in, in of, of
income that you've earned into Bitcoin.

1099
00:57:35,949 --> 00:57:39,939
But over time, your Bitcoin is
going to be pulling the weight.

1100
00:57:41,004 --> 00:57:41,994
Faster than you are.

1101
00:57:42,024 --> 00:57:45,264
It's going to be, sorry, not faster you,
if your Bitcoin is going to be better

1102
00:57:45,264 --> 00:57:46,404
at pulling the weight than you are.

1103
00:57:47,094 --> 00:57:47,274
Anja: Yep.

1104
00:57:47,274 --> 00:57:51,864
Rajat: So let's say in year, we'll go
from in year, from year 10 to year 11.

1105
00:57:52,194 --> 00:57:53,304
We'll see what the numbers look like.

1106
00:57:53,304 --> 00:57:58,674
So year 10, you're at 0.21
Bitcoin $189,000 in total growth.

1107
00:57:59,004 --> 00:58:00,084
Let's go to year 11.

1108
00:58:01,434 --> 00:58:09,804
So year 11, your portfolio went from
thousand of growth to 253,000 of growth.

1109
00:58:10,284 --> 00:58:16,314
Your portfolio grew by $64,000 in a year.

1110
00:58:16,824 --> 00:58:20,694
And all you put in, well look at
this, all you put in was 6,000.

1111
00:58:20,874 --> 00:58:25,224
Your portfolio grew by 64,000,
but you put in 6,000 in one year,

1112
00:58:25,854 --> 00:58:27,624
and we'll go to year number 12.

1113
00:58:27,929 --> 00:58:30,654
And you see here, year 12,
you again, you put in 6,000.

1114
00:58:30,654 --> 00:58:33,894
So your inputs are linear, but
your growth is exponential.

1115
00:58:33,894 --> 00:58:37,704
So again, we went from
$253,000 in growth to.

1116
00:58:38,334 --> 00:58:40,554
$334,000 in growth.

1117
00:58:40,794 --> 00:58:42,504
So you grew, this
calculator grew by 80,000.

1118
00:58:42,834 --> 00:58:43,104
Sorry.

1119
00:58:43,764 --> 00:58:45,024
Anja: I love this calculator.

1120
00:58:45,234 --> 00:58:45,444
Yeah.

1121
00:58:45,444 --> 00:58:46,704
80,000 difference.

1122
00:58:46,704 --> 00:58:47,034
Yep.

1123
00:58:47,124 --> 00:58:47,424
Yep.

1124
00:58:47,694 --> 00:58:49,104
Rajat: Yeah, it's crazy.

1125
00:58:49,284 --> 00:58:54,864
Your portfolio grew by more than the
amount of money that you put in in total.

1126
00:58:55,974 --> 00:58:56,724
That's wild.

1127
00:58:57,774 --> 00:59:01,014
This, this is, this is the way that I like
to talk, to talk to people about this.

1128
00:59:01,014 --> 00:59:06,534
So you mentioned if somebody is new to
this and they're buying Bitcoin now,

1129
00:59:06,714 --> 00:59:08,094
can they buy a significant amount?

1130
00:59:08,094 --> 00:59:09,804
Of course, a hundred percent.

1131
00:59:10,314 --> 00:59:15,054
After 11 years, they would've bought
0.214 Bitcoin, or after 12 years,

1132
00:59:15,054 --> 00:59:16,494
they would've bought 0.214 Bitcoin.

1133
00:59:17,724 --> 00:59:20,844
And that's at that, at that
point, it's worth $319,000.

1134
00:59:22,194 --> 00:59:26,364
In 2042, you have $1.03
million worth of Bitcoin.

1135
00:59:26,364 --> 00:59:27,594
And let's say you stop buying Bitcoin.

1136
00:59:27,594 --> 00:59:31,494
At that point, your portfolio is barely
growing based on your contributions.

1137
00:59:32,124 --> 00:59:35,304
It's, at this point, it's growing
based on the assets that you have,

1138
00:59:35,304 --> 00:59:37,014
the the asset base that you have.

1139
00:59:37,584 --> 00:59:41,364
So your asset base keeps growing
and growing and growing, and

1140
00:59:41,364 --> 00:59:42,924
it'll continue to grow over time.

1141
00:59:43,074 --> 00:59:46,854
So you can see here, you still put
in $6,000 between these two years,

1142
00:59:47,304 --> 00:59:52,584
but your portfolio grew by, let's
see, does this show the numbers?

1143
00:59:52,584 --> 00:59:53,394
I don't think it does.

1144
00:59:54,024 --> 00:59:54,654
Uh, no it doesn't.

1145
00:59:54,804 --> 01:00:00,474
So your portfolio grew by $270,000,
even though you only put in 6,000,

1146
01:00:01,404 --> 01:00:06,504
and then the following year, you can
see here it grew by $333,000, even

1147
01:00:06,504 --> 01:00:11,424
though you put in another $6,000, and
that's, that's the power of compounding.

1148
01:00:12,024 --> 01:00:14,574
What compounding is, is essentially
is this building on top of

1149
01:00:14,574 --> 01:00:15,624
what you've already built.

1150
01:00:16,284 --> 01:00:18,654
And what's happening here is you
keep putting in more and more money.

1151
01:00:18,654 --> 01:00:19,824
You keep buying more and more Bitcoin.

1152
01:00:19,824 --> 01:00:21,414
You can see here the amount of
Bitcoin that you're buying is

1153
01:00:21,654 --> 01:00:24,624
decreasing from 2043 to 2044.

1154
01:00:24,624 --> 01:00:27,534
If you just kept buying $500
worth of Bitcoin per month.

1155
01:00:28,059 --> 01:00:33,009
You only bought 105,000 Bitcoin
or Satoshis, 105,000 Satoshis.

1156
01:00:33,219 --> 01:00:36,669
But in the beginning you were
buying 4.7 million Satoshis.

1157
01:00:36,759 --> 01:00:38,109
3.7 million Satoshis.

1158
01:00:38,109 --> 01:00:41,979
3 million Satoshis, and you've grown
it so much to a point where your

1159
01:00:41,979 --> 01:00:45,129
portfolios is taking care of the growth
for you and you, you don't even have

1160
01:00:45,129 --> 01:00:46,599
to put money in anymore at that point.

1161
01:00:47,589 --> 01:00:47,799
Anja: Yep.

1162
01:00:47,859 --> 01:00:49,239
You just sit back and chill.

1163
01:00:49,389 --> 01:00:51,459
I love this so much and I'm so excited.

1164
01:00:51,459 --> 01:00:52,929
Now do we have about 10 more minutes?

1165
01:00:52,929 --> 01:00:54,279
'cause I wanna do another scenario.

1166
01:00:54,309 --> 01:00:54,939
Okay, awesome.

1167
01:00:54,939 --> 01:00:54,999
Of

1168
01:00:54,999 --> 01:00:55,179
Rajat: course.

1169
01:00:55,689 --> 01:01:02,229
Anja: Okay, so we're a couple and the,
because we both have an income and

1170
01:01:02,409 --> 01:01:08,529
um, shared expenses, we can afford to
put a little bit more into Bitcoin.

1171
01:01:08,769 --> 01:01:13,899
Plus we get a side hustle of dog
sitting because we work from home.

1172
01:01:14,109 --> 01:01:17,649
So we can, you know, look after our
dogs and we calculate we can end

1173
01:01:17,649 --> 01:01:21,459
up putting like 2,500 per month.

1174
01:01:22,194 --> 01:01:22,704
Rajat: I like it.

1175
01:01:23,574 --> 01:01:26,184
Anja: Okay, let's go, let's
go show, let's go with money.

1176
01:01:27,264 --> 01:01:27,894
Rajat: How many years?

1177
01:01:27,894 --> 01:01:28,134
Let's go.

1178
01:01:28,134 --> 01:01:28,854
10 years.

1179
01:01:29,004 --> 01:01:29,274
Anja: Yep.

1180
01:01:29,874 --> 01:01:31,854
Rajat: So you would've put in 300,000.

1181
01:01:32,304 --> 01:01:36,594
You would've ha you would have
1.04 Bitcoin, which is huge.

1182
01:01:36,864 --> 01:01:38,664
And that's worth 1.2 million.

1183
01:01:39,024 --> 01:01:41,664
And let's say after,
well, we'll go 15 years.

1184
01:01:41,904 --> 01:01:46,734
After 15 years, you've put in 450,000,
but your Bitcoin's worth 4.1 million.

1185
01:01:47,424 --> 01:01:51,774
And you're, you have in total 1.13
million, 1.13 Bitcoin the, the

1186
01:01:51,774 --> 01:01:53,484
growth percentage is the key here.

1187
01:01:53,484 --> 01:01:58,554
So at this point, after 15 years,
your portfolio is only 11 per 11%

1188
01:01:58,554 --> 01:02:02,454
money that you put in and 89% growth.

1189
01:02:03,474 --> 01:02:04,194
That's crazy.

1190
01:02:05,454 --> 01:02:08,274
Anja: Let's go a more bullish
case and put 30% cagr.

1191
01:02:09,624 --> 01:02:10,224
Rajat: 30%.

1192
01:02:10,224 --> 01:02:11,429
So after it's actually getting size.

1193
01:02:11,429 --> 01:02:14,634
So mind the number of Bitcoin
that you have will decrease?

1194
01:02:14,634 --> 01:02:14,644
Yeah.

1195
01:02:14,644 --> 01:02:14,949
Anja: Mm-hmm.

1196
01:02:15,054 --> 01:02:20,964
Rajat: From 25% to 30%, you'll go from
1.13 Bitcoin to 0.99 Bitcoin, but your

1197
01:02:21,144 --> 01:02:22,914
Bitcoin would be worth a lot more.

1198
01:02:23,784 --> 01:02:28,314
The price of Bitcoin would go
from 3.6 million to 6.5 million.

1199
01:02:28,554 --> 01:02:31,944
And you can see here your investment
percentage is also going to decrease.

1200
01:02:31,944 --> 01:02:34,854
It's gonna go from 11% to 6.9%.

1201
01:02:35,064 --> 01:02:36,774
So you can see here the amount
that it's gonna be worth.

1202
01:02:36,984 --> 01:02:41,244
It's gonna go from, uh, three
point, sorry, one 4.13 million,

1203
01:02:41,244 --> 01:02:47,904
$4.113 million to oh $6.5 million.

1204
01:02:48,414 --> 01:02:51,984
You're gonna have less Bitcoin,
but because it's worth more, you'll

1205
01:02:51,984 --> 01:02:54,384
have a higher amount of value.

1206
01:02:55,794 --> 01:02:56,304
Crazy.

1207
01:02:56,544 --> 01:02:58,734
Uh, one, actually, one more thing
that I wanted to mention here.

1208
01:02:58,974 --> 01:03:02,034
Um, what do you think we should
put in for the monthly expenses?

1209
01:03:02,039 --> 01:03:03,639
Anja: Um, for a couple,
for the same couple.

1210
01:03:05,094 --> 01:03:10,554
Um, let's just put in like, is this
including housing and everything?

1211
01:03:10,559 --> 01:03:10,809
Everything?

1212
01:03:10,829 --> 01:03:11,484
Yep, yep, yep.

1213
01:03:11,604 --> 01:03:14,394
Um, yeah, let's leave
it like maybe at 5,000.

1214
01:03:14,394 --> 01:03:16,494
Rent is very expensive in Australia.

1215
01:03:17,274 --> 01:03:17,544
Rajat: Okay.

1216
01:03:17,634 --> 01:03:18,984
I think for a couple it might be half.

1217
01:03:19,134 --> 01:03:19,764
It might be higher.

1218
01:03:19,764 --> 01:03:20,034
No,

1219
01:03:21,384 --> 01:03:24,804
Anja: but yeah, sorry for a couple it
would be higher 'cause Yep, yep, yep, yep.

1220
01:03:25,044 --> 01:03:26,339
The rent would be, actually,

1221
01:03:27,234 --> 01:03:28,344
Rajat: actually I have
a, a spreadsheet here.

1222
01:03:28,464 --> 01:03:29,544
Um, let me see.

1223
01:03:29,874 --> 01:03:33,894
I have a spreadsheet on this, on
this, um, on this workbook where

1224
01:03:33,894 --> 01:03:36,354
I can cost of living per city.

1225
01:03:36,384 --> 01:03:36,594
Okay.

1226
01:03:36,804 --> 01:03:40,794
So, uh, we go Australia.

1227
01:03:40,974 --> 01:03:42,174
Anja: What would be comparable?

1228
01:03:42,174 --> 01:03:42,774
Yeah, Sydney.

1229
01:03:42,779 --> 01:03:42,959
Wow.

1230
01:03:43,019 --> 01:03:43,439
Sydney.

1231
01:03:43,644 --> 01:03:46,824
Rajat: So Sydney with a
family of fours, 10,000, $200.

1232
01:03:46,824 --> 01:03:47,754
Um, so a

1233
01:03:47,754 --> 01:03:49,524
Anja: couple would be
somewhere in between.

1234
01:03:49,524 --> 01:03:49,854
Yeah.

1235
01:03:50,244 --> 01:03:50,514
Rajat: Let's see.

1236
01:03:50,514 --> 01:03:51,894
More grass.

1237
01:03:53,034 --> 01:03:53,694
Do you know where that is?

1238
01:03:53,934 --> 01:03:54,534
Anja: No idea.

1239
01:03:54,684 --> 01:03:55,464
That's Austria.

1240
01:03:55,469 --> 01:03:55,569
Rajat: Okay.

1241
01:03:55,574 --> 01:03:55,809
That's okay.

1242
01:03:56,904 --> 01:03:57,474
Austria?

1243
01:03:57,774 --> 01:03:58,134
Um, yeah.

1244
01:03:58,139 --> 01:03:58,569
Oh, did I?

1245
01:03:58,789 --> 01:03:59,664
Was that Austria?

1246
01:03:59,844 --> 01:04:00,414
Oh yeah, you're right.

1247
01:04:00,414 --> 01:04:00,744
Austria.

1248
01:04:00,749 --> 01:04:00,969
Austria.

1249
01:04:01,134 --> 01:04:01,314
Sorry.

1250
01:04:01,584 --> 01:04:01,824
I thought

1251
01:04:01,824 --> 01:04:04,374
Anja: that was, um, let, like, well,
let's just go with 7,000 because,

1252
01:04:04,374 --> 01:04:08,004
you know, there might be living in an
apartment in one of the major cities

1253
01:04:08,004 --> 01:04:10,074
and Yeah, let's just go 7,000, um,

1254
01:04:10,129 --> 01:04:10,409
Rajat: Brisbane.

1255
01:04:10,554 --> 01:04:11,694
Okay, let's go 10.

1256
01:04:11,754 --> 01:04:11,964
Yeah.

1257
01:04:11,994 --> 01:04:13,014
Okay, let's go 7,000.

1258
01:04:13,014 --> 01:04:15,354
So I'm gonna just switch back
over to that spreadsheet.

1259
01:04:15,984 --> 01:04:17,664
So we'll go 7,000 per month.

1260
01:04:19,134 --> 01:04:19,794
Zoom in.

1261
01:04:19,854 --> 01:04:20,904
7,000 per month.

1262
01:04:21,354 --> 01:04:22,584
This is the interesting part here.

1263
01:04:22,584 --> 01:04:25,584
So in the beginning, oh,
let me get rid of this.

1264
01:04:25,794 --> 01:04:30,144
So, in the beginning, I think this is what
really makes a difference for, for people.

1265
01:04:30,149 --> 01:04:33,294
And this is what really lights
people's eyes up when I show

1266
01:04:33,294 --> 01:04:35,064
them, uh, this part of it.

1267
01:04:35,244 --> 01:04:37,854
So in the beginning, let's say you're
paying $7,000 per month in your

1268
01:04:37,854 --> 01:04:39,774
expenses, that's $84,000 a year.

1269
01:04:40,134 --> 01:04:43,344
Of course in terms of fiat, in terms
of us, uh, in terms of Australian

1270
01:04:43,344 --> 01:04:44,814
dollars, it'll keep rising.

1271
01:04:44,934 --> 01:04:49,674
'cause you're in our example here,
I put in a 5% or 7% inflation rate.

1272
01:04:50,154 --> 01:04:51,624
Yeah, I think that's
pretty, I think that's very

1273
01:04:51,624 --> 01:04:51,864
Anja: fair,

1274
01:04:52,584 --> 01:04:52,824
Rajat: right?

1275
01:04:52,824 --> 01:04:53,574
7%, yeah.

1276
01:04:53,754 --> 01:04:54,744
Okay, so 7%.

1277
01:04:54,924 --> 01:04:57,324
So over time, your annual
expenses is gonna keep increasing.

1278
01:04:57,504 --> 01:05:01,974
So by, so in the first year, you have
$84,000 per year as your expenses.

1279
01:05:01,974 --> 01:05:03,894
2029, you're at 102,000.

1280
01:05:04,284 --> 01:05:06,924
By 2039 you're at 200, 2000.

1281
01:05:07,314 --> 01:05:11,634
By 2045, you're at 303,000 per year.

1282
01:05:12,084 --> 01:05:15,264
And then by 2050 you're
at 426,000 per year.

1283
01:05:15,504 --> 01:05:17,214
Anja: That's painful to to see.

1284
01:05:17,934 --> 01:05:23,304
Rajat: It's wild from 84,000 to
500,000 or 400, 420 6,000 per year.

1285
01:05:23,454 --> 01:05:26,154
But now let's take a look
at your Bitcoin expenses.

1286
01:05:26,154 --> 01:05:29,244
So if bitcoin's growing at 30% per
year, your expenses are gonna go

1287
01:05:29,244 --> 01:05:32,604
from 0.65 Bitcoin in the first year.

1288
01:05:33,234 --> 01:05:35,874
And, and this is what really makes
a difference to people, because

1289
01:05:36,084 --> 01:05:39,864
they, they can see that the amount
that they're spending is increasing,

1290
01:05:39,864 --> 01:05:42,744
they're spending more on their life,
but they're giving away less Bitcoin.

1291
01:05:42,954 --> 01:05:52,884
So you go from 0.65 Bitcoin in 20 26, 20
31, you're at 0.24 Bitcoin per year 2036.

1292
01:05:52,884 --> 01:05:59,364
They're spending less than 0.1 Bitcoin
per year in, you can see here 2048,

1293
01:05:59,664 --> 01:06:04,284
they're spending less than 0.01
Bitcoin per year, 909,000 Satoshis.

1294
01:06:04,734 --> 01:06:09,744
And they, that 0.01
Bitcoin is worth $372,000.

1295
01:06:10,854 --> 01:06:13,014
So over time, your
expenses keep decreasing.

1296
01:06:13,014 --> 01:06:16,494
But let's say this couple, let's
say they bought that, that.

1297
01:06:17,139 --> 01:06:18,999
$2,500 worth of Bitcoin per month.

1298
01:06:19,389 --> 01:06:22,389
And let's say they just want to
retire in 2045 for whatever reason.

1299
01:06:22,929 --> 01:06:30,939
You can see here if they survive for,
if they survive a hundred years until,

1300
01:06:30,999 --> 01:06:38,139
um, 2151, just as an example, they will
only have spent 9.2 million Satoshis.

1301
01:06:39,009 --> 01:06:43,179
But in total, you can see here,
they would have, in total, they

1302
01:06:43,179 --> 01:06:48,519
would have 1.013 Bitcoin, so they
would only spend 9.3 million, but

1303
01:06:48,519 --> 01:06:51,459
they would have 1.01, 1.01 Bitcoin.

1304
01:06:52,119 --> 01:06:55,389
Um, and then something else that I really,
I think that this is important here

1305
01:06:55,599 --> 01:06:57,819
is the stack divided by the expenses.

1306
01:06:57,969 --> 01:07:01,209
So what this is, is it's your
years, it's your years of savings.

1307
01:07:01,239 --> 01:07:01,899
Oh, what did I do here?

1308
01:07:02,229 --> 01:07:02,709
Ah, here you go.

1309
01:07:02,709 --> 01:07:02,919
Okay.

1310
01:07:03,099 --> 01:07:04,539
So this is the years of savings.

1311
01:07:04,539 --> 01:07:10,089
If you go to column M stack divided
by expenses, this is basically

1312
01:07:10,089 --> 01:07:13,509
the percentage of your expenses
that'll be covered by your stack.

1313
01:07:14,259 --> 01:07:17,769
And over time, you can see here
it increases, it goes in year

1314
01:07:17,769 --> 01:07:19,989
one, it's at 0% until 2026.

1315
01:07:20,229 --> 01:07:23,979
2036. It's at a hundred
and, sorry, it's at 1005%.

1316
01:07:23,979 --> 01:07:28,149
So what that means is that your stack
will cover you at your stack, will

1317
01:07:28,149 --> 01:07:30,759
cover your expenses for 10.05 years.

1318
01:07:31,659 --> 01:07:33,459
And over time, that's keeps,
that keeps increasing.

1319
01:07:33,639 --> 01:07:43,269
So what I've seen is that if you have
15 or more years of expenses covered and

1320
01:07:43,269 --> 01:07:47,109
you keep stacking Bitcoin or, I mean, at
that point you don't even, I don't even

1321
01:07:47,109 --> 01:07:48,429
think you need to stack at that point.

1322
01:07:48,429 --> 01:07:52,179
You can just let your Bitcoin grow
and you can either use your Bitcoin,

1323
01:07:52,509 --> 01:07:54,549
you can sell some of your Bitcoin
to pay for your expenses, or you

1324
01:07:54,549 --> 01:07:55,659
can borrow against your Bitcoin.

1325
01:07:56,019 --> 01:07:59,799
I've seen that somewhere
around 15 years of expenses.

1326
01:08:00,219 --> 01:08:00,759
You're good.

1327
01:08:01,869 --> 01:08:04,149
'cause at that point your Bitcoin's
gonna keep growing on its own.

1328
01:08:04,989 --> 01:08:07,569
You have 15 years of
expenses set aside and.

1329
01:08:08,184 --> 01:08:13,044
At that point, you'll have enough
wealth where, um, you could either,

1330
01:08:13,044 --> 01:08:15,534
let's say start a, let's say you wanna
start something completely different.

1331
01:08:15,594 --> 01:08:16,644
You wanna just start your own business.

1332
01:08:16,644 --> 01:08:19,164
You wanna do something for
fun, um, you can do that.

1333
01:08:19,644 --> 01:08:23,154
Um, you can start a side hustle,
like you said, with the dog sitting.

1334
01:08:23,484 --> 01:08:26,904
Um, there are multiple ways to
just give yourself that freedom.

1335
01:08:26,904 --> 01:08:29,034
And I think that's, that's something
I'm really passionate about.

1336
01:08:29,034 --> 01:08:34,974
What, what I'm, what I mean by that is not
having a job to me is probably like one

1337
01:08:34,974 --> 01:08:36,384
of the best things that I've ever done.

1338
01:08:36,864 --> 01:08:40,284
'cause I don't have to worry about,
oh, tomorrow, so right now in Toronto,

1339
01:08:40,284 --> 01:08:43,794
it's, uh, 9:00 PM in Australia.

1340
01:08:43,794 --> 01:08:45,384
It's, what time is it in Australia?

1341
01:08:45,744 --> 01:08:48,114
Anja: It is 1:10 PM

1342
01:08:48,204 --> 01:08:48,654
Rajat: one 10.

1343
01:08:48,834 --> 01:08:49,044
Okay.

1344
01:08:49,044 --> 01:08:49,854
1:10 PM Okay.

1345
01:08:49,854 --> 01:08:55,074
So in ca, in Canada right now it's, or
in Toronto it's, it's 9:10 PM and I don't

1346
01:08:55,074 --> 01:08:59,724
have to worry about not being able to
wake up early to go to my job tomorrow.

1347
01:09:00,864 --> 01:09:02,544
That's the kind of freedom that I like.

1348
01:09:03,279 --> 01:09:06,219
I don't like to have people call
them the Sunday scaries like,

1349
01:09:06,249 --> 01:09:08,349
oh, oh man, I have to go to work.

1350
01:09:08,589 --> 01:09:11,349
That stress that you feel,
what's gonna happen tomorrow?

1351
01:09:11,349 --> 01:09:12,789
What kind of stress am I
gonna deal with tomorrow?

1352
01:09:12,789 --> 01:09:14,349
What kind of situation am
I gonna deal with tomorrow?

1353
01:09:14,529 --> 01:09:18,399
It's just super painful, and I think
that's what Bitcoin gives people.

1354
01:09:18,399 --> 01:09:21,579
It gives them that freedom to do
things the way that they want to.

1355
01:09:22,464 --> 01:09:27,744
Because it grows so quickly compared to
other assets that you can truly have the

1356
01:09:27,744 --> 01:09:29,814
freedom to live the life that you want.

1357
01:09:29,934 --> 01:09:31,644
Anja: That's such an important message.

1358
01:09:31,734 --> 01:09:35,214
I think a lot of people are
wanting to step off the rat

1359
01:09:35,214 --> 01:09:38,934
race wheel and enjoy life.

1360
01:09:38,934 --> 01:09:42,354
I think COVID really opened up,
uh, everybody's eyes to this.

1361
01:09:42,354 --> 01:09:44,934
There's so much more
to life than just work.

1362
01:09:45,384 --> 01:09:48,324
Um, and work becomes
a lot more fulfilling.

1363
01:09:48,324 --> 01:09:50,934
Like now I'm working more
than I ever have been working.

1364
01:09:50,934 --> 01:09:57,024
Last night I was working till 10, 10:00 PM
and like, I'm just always doing something.

1365
01:09:57,684 --> 01:10:00,054
Um, yeah, it's, it's interesting.

1366
01:10:00,114 --> 01:10:02,064
Thank you, um, so much for your time.

1367
01:10:02,064 --> 01:10:04,464
Do you have any final
thoughts that you wanna share?

1368
01:10:04,464 --> 01:10:09,444
Like obviously I'm gonna share all
your links including your website, X

1369
01:10:09,444 --> 01:10:13,884
account, anything else, um, in the show
notes, but do you have any final words?

1370
01:10:14,619 --> 01:10:15,309
Rajat: I appreciate it.

1371
01:10:15,339 --> 01:10:18,579
Um, I, I think the best thing you
can do right now is don't think

1372
01:10:18,579 --> 01:10:20,019
too much about the strategies.

1373
01:10:20,019 --> 01:10:22,509
Don't think too much about, I'm
gonna borrow against my Bitcoin.

1374
01:10:22,509 --> 01:10:24,909
I'm going to do this, I'm
gonna do that right now.

1375
01:10:24,909 --> 01:10:28,029
I think the goal is just
to stack, just stack.

1376
01:10:28,029 --> 01:10:29,469
Just keep buying as much as you can.

1377
01:10:29,649 --> 01:10:31,059
Even if you can buy a hundred.

1378
01:10:31,209 --> 01:10:32,289
Actually, can I give you one?

1379
01:10:32,289 --> 01:10:33,369
Can I give one more example?

1380
01:10:33,549 --> 01:10:34,119
Do we have time for that?

1381
01:10:34,119 --> 01:10:34,179
Yeah,

1382
01:10:34,574 --> 01:10:34,734
Anja: absolutely.

1383
01:10:34,824 --> 01:10:35,294
Let's go.

1384
01:10:35,294 --> 01:10:35,494
Yeah.

1385
01:10:35,559 --> 01:10:35,589
Rajat: Okay.

1386
01:10:36,039 --> 01:10:39,369
So, so let's say for example, if
you were to buy $1 of a Bitcoin

1387
01:10:39,369 --> 01:10:43,089
every month, we'll go with one, or
actually we'll go with one per week.

1388
01:10:43,089 --> 01:10:44,349
So we'll go $1 per week.

1389
01:10:44,469 --> 01:10:45,099
$1 per week.

1390
01:10:45,099 --> 01:10:47,559
I'm not saying to go with
$1 of Bitcoin per week.

1391
01:10:47,799 --> 01:10:50,349
I would say just keep stacking
more and more if you can.

1392
01:10:50,589 --> 01:10:54,009
But $1 of Bitcoin per week,
after 15 years, you would've

1393
01:10:54,009 --> 01:10:56,499
put in 780 you would have one.

1394
01:10:56,679 --> 01:11:01,299
173,000 Satoshis worth, 11,300.

1395
01:11:02,844 --> 01:11:08,094
So now if, let's say you go from $1 per
week to $1 per day, let's say you find

1396
01:11:08,094 --> 01:11:10,734
some way to cut your expenses by $1 a day.

1397
01:11:11,214 --> 01:11:11,964
That's doable.

1398
01:11:12,354 --> 01:11:13,284
That's very doable.

1399
01:11:13,584 --> 01:11:17,724
After 15 years, you would've
put in $5,475, but your

1400
01:11:17,724 --> 01:11:21,174
stack would be worth $79,000.

1401
01:11:21,174 --> 01:11:22,974
That's $1 per day.

1402
01:11:23,364 --> 01:11:26,249
$1. That's $1 I,

1403
01:11:26,759 --> 01:11:27,744
Anja: when you pay for a coffee,

1404
01:11:28,284 --> 01:11:30,564
Rajat: it is not even a co.
That doesn't even buy a coffee.

1405
01:11:30,564 --> 01:11:31,074
Exactly.

1406
01:11:31,079 --> 01:11:32,394
It buy, it buys nothing.

1407
01:11:32,724 --> 01:11:36,744
A dollar a day, just
sacrifice is so worth it.

1408
01:11:37,074 --> 01:11:37,704
I would say.

1409
01:11:38,244 --> 01:11:39,264
How much is a coffee there now?

1410
01:11:39,264 --> 01:11:39,954
Like $7?

1411
01:11:41,064 --> 01:11:44,844
Anja: Uh, five to $6,
depending on a public holiday.

1412
01:11:44,844 --> 01:11:47,874
You can definitely get up
to $7 with the surcharge.

1413
01:11:48,324 --> 01:11:48,414
Okay, so

1414
01:11:49,074 --> 01:11:51,309
Rajat: let's say, let's say every
week, let's say a coffee costs you $5.

1415
01:11:51,369 --> 01:11:51,789
Mm-hmm.

1416
01:11:51,869 --> 01:11:54,624
Let's say every week you skip
two coffees every, let's say

1417
01:11:54,624 --> 01:11:55,824
you're buying coffee every day.

1418
01:11:56,604 --> 01:12:01,344
But you skip two coffees a week,
you go with $10 per week of

1419
01:12:01,344 --> 01:12:08,094
Bitcoin after 15 years, your $7,800
investment is worth $113,000.

1420
01:12:08,244 --> 01:12:10,284
That, like, that's, that's crazy.

1421
01:12:11,004 --> 01:12:13,794
But the great thing with Bitcoin
is that one thing that I've learned

1422
01:12:13,794 --> 01:12:16,494
is that, um, it's addictive, right?

1423
01:12:16,584 --> 01:12:19,044
Seeing, seeing the
growth is very addictive.

1424
01:12:19,254 --> 01:12:19,824
Addictive.

1425
01:12:19,824 --> 01:12:22,224
And it's a good addiction to have
because what it'll do is it'll

1426
01:12:22,224 --> 01:12:23,724
make you want to create more value.

1427
01:12:24,684 --> 01:12:29,484
Like you, like you mentioned before,
that couple, um, they, they have

1428
01:12:29,574 --> 01:12:34,404
uh, they have decent jobs and they
have a side hustle where they're

1429
01:12:34,404 --> 01:12:35,724
making a certain amount of money.

1430
01:12:36,264 --> 01:12:40,404
You'll find ways to increase your
income because you know that if you

1431
01:12:40,404 --> 01:12:41,934
don't, you're gonna get less Bitcoin.

1432
01:12:42,354 --> 01:12:45,654
So let's say you go from $10
per week, that's $40 a month.

1433
01:12:45,984 --> 01:12:48,444
Let's say you go from $10
per week to $50 per week.

1434
01:12:48,654 --> 01:12:51,774
You do, let's say you take on, uh, do
you have, do you have Uber Eats there?

1435
01:12:52,494 --> 01:12:52,854
Anja: We do.

1436
01:12:53,589 --> 01:12:54,069
Rajat: Oh, perfect.

1437
01:12:54,219 --> 01:12:58,269
So let's say you do like two Uber Eats
orders every week, or let's say five

1438
01:12:58,269 --> 01:13:03,249
Uber Eats orders every week and you boost
your income from $10 per, or you boost

1439
01:13:03,249 --> 01:13:06,039
your gap where the amount of Bitcoin,
the amount of Bitcoin that you can

1440
01:13:06,039 --> 01:13:08,949
buy from $10 per week to $50 per week.

1441
01:13:09,579 --> 01:13:13,929
You can see here after 15
years, you have $565,000.

1442
01:13:15,219 --> 01:13:19,899
That may not seem like a lot today,
but you can see here over time the

1443
01:13:19,899 --> 01:13:21,699
compounding is the most powerful part.

1444
01:13:21,939 --> 01:13:26,019
Over time, you'll see here your
years of savings is growing.

1445
01:13:26,409 --> 01:13:29,889
So in the first year you have
zero and it's growing slowly.

1446
01:13:29,889 --> 01:13:31,149
It's growing, it's growing, it's growing.

1447
01:13:31,389 --> 01:13:35,859
By 2037, you have one year of
savings, one year of expenses saved.

1448
01:13:36,399 --> 01:13:36,519
Okay?

1449
01:13:36,849 --> 01:13:37,989
Year 2038.

1450
01:13:37,989 --> 01:13:43,119
So one year from that, you have another
third, uh, you have another 0.3 Bitcoin,

1451
01:13:43,239 --> 01:13:45,759
or another 0.3 years of expenses saved.

1452
01:13:46,404 --> 01:13:50,004
Then by 2039 you have another
0.3 of Bitcoin, or a year,

1453
01:13:50,034 --> 01:13:51,654
0.3 years of expenses paid.

1454
01:13:51,804 --> 01:13:56,724
So it'll take you saved, it'll
take you a le or 12 years to save

1455
01:13:56,724 --> 01:13:59,244
the first one year of expenses.

1456
01:13:59,394 --> 01:14:03,774
But the next one year of expenses is
going to take you three and a half to four

1457
01:14:03,774 --> 01:14:09,054
years, and then the next year of expenses
is gonna take you another two years.

1458
01:14:09,474 --> 01:14:12,984
Then the next year of expenses is
gonna, the next year and a half of

1459
01:14:12,984 --> 01:14:14,154
expenses is gonna take you two years.

1460
01:14:14,364 --> 01:14:18,504
And you can see here by 2049, you're
putting it away, five $50 per week.

1461
01:14:18,804 --> 01:14:25,314
By 2059, you have 11.7 years
of expenses saved, 11.7 years.

1462
01:14:25,734 --> 01:14:30,894
You have your, your total
stack is worth $4.6 million.

1463
01:14:30,894 --> 01:14:31,374
At that point.

1464
01:14:31,374 --> 01:14:33,294
One Bitcoin's worth $53 million.

1465
01:14:33,294 --> 01:14:34,434
And I think that's possible.

1466
01:14:34,734 --> 01:14:37,974
The, the thing about fiat currencies
is that they can keep losing value.

1467
01:14:38,454 --> 01:14:40,734
You think that they've lose,
they, they've lost value today.

1468
01:14:41,124 --> 01:14:45,894
Uh, they can lose 99%, then they can
lose another 99%, then they can lose

1469
01:14:45,894 --> 01:14:47,694
another 99% and they can keep going.

1470
01:14:48,054 --> 01:14:52,554
And the greatest thing here is that, that
purchasing power is moving into Bitcoin.

1471
01:14:52,734 --> 01:14:53,784
Compared to Bitcoin.

1472
01:14:54,204 --> 01:14:55,554
Your fiat currencies are dying.

1473
01:14:55,674 --> 01:14:56,964
They're, they're going to zero.

1474
01:14:57,654 --> 01:15:00,114
And that's where, that's
where this growth comes from.

1475
01:15:00,114 --> 01:15:03,714
So you go from zero years of
expenses to 11 years of expenses by

1476
01:15:03,714 --> 01:15:05,754
2049, and that's with $50 a week.

1477
01:15:06,174 --> 01:15:09,234
And then by, you can see here
by 2052, you're at 21 years

1478
01:15:09,234 --> 01:15:11,874
of expenses saved by 2054.

1479
01:15:11,874 --> 01:15:14,094
You have 31 years of your expenses saved.

1480
01:15:14,184 --> 01:15:18,654
And again, that's with zero point, or
sorry, that's with, uh, $50 of Bitcoin

1481
01:15:18,654 --> 01:15:20,544
per week that you're buying $50 per week.

1482
01:15:20,904 --> 01:15:21,504
That's wild.

1483
01:15:22,224 --> 01:15:22,704
Anja: Wild.

1484
01:15:23,139 --> 01:15:25,959
Rajat: What I wanna, what I wanna
just end it, end it off with is focus

1485
01:15:25,959 --> 01:15:30,369
on the inputs, focus on what you can
control, focus on buying as much as you

1486
01:15:30,369 --> 01:15:34,059
can and let time do the work for you.

1487
01:15:34,479 --> 01:15:36,849
I think that's the best thing that
you can, you can do for yourself.

1488
01:15:38,259 --> 01:15:39,159
Anja: Agree with that.

1489
01:15:40,089 --> 01:15:43,599
The lot, a lot of investors, um, uh, yeah.

1490
01:15:43,629 --> 01:15:46,509
When they do nothing for
long periods of time,

1491
01:15:48,879 --> 01:15:50,079
they can really benefit.

1492
01:15:50,589 --> 01:15:51,249
Um, yeah.

1493
01:15:51,309 --> 01:15:53,169
Thank you so much for your time, Rajat.

1494
01:15:53,169 --> 01:15:55,119
I really, really enjoyed
this conversation.

1495
01:15:55,119 --> 01:15:58,899
It was very insightful and I'm definitely
going to rewatch this video back

1496
01:15:58,899 --> 01:16:01,569
myself so I can get those numbers down.

1497
01:16:01,629 --> 01:16:02,019
Um,

1498
01:16:03,249 --> 01:16:03,489
Rajat: yeah.

1499
01:16:03,519 --> 01:16:04,359
Anja: Thank you so much.

1500
01:16:05,079 --> 01:16:05,529
Rajat: Absolutely.

1501
01:16:05,529 --> 01:16:06,369
Let's do this again.

1502
01:16:06,369 --> 01:16:07,599
I thought this was really great.

1503
01:16:08,349 --> 01:16:09,729
Anja: Absolutely, will do.

1504
01:16:10,629 --> 01:16:11,349
Rajat: Thank you for having me.

1505
01:16:12,039 --> 01:16:12,579
Anja: Thank you.

1506
01:16:12,664 --> 01:16:15,154
Speaker 2: Still here you
are one of the good ones.

1507
01:16:15,634 --> 01:16:18,274
We'll be back next week
with a brand new episode.

1508
01:16:18,634 --> 01:16:22,354
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the noise, consider supporting us

1509
01:16:22,354 --> 01:16:24,604
directly via the Lightning QR code.

1510
01:16:25,114 --> 01:16:27,154
Got a question or a thought to share?

1511
01:16:27,544 --> 01:16:28,894
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1512
01:16:29,194 --> 01:16:30,424
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1513
01:16:30,534 --> 01:16:35,814
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1514
01:16:36,864 --> 01:16:41,694
Until next week, take care of yourself
and your money and stay decentralized.