Episode-019- Miyagi Mornings Weekly Recap
Podcast: Play in new window | Download (Duration: 1:17:01 — 17.6MB)
Welcome to Miyagi mornings weekly recap, a podcast version of our daily video series Miyagi Mornings, links to the video version of each segment can be found in the show notes for this episode. These recap episodes are part of The Survival Podcast feed but are numbered independently as a special weekly edition of our show, in all podcast feeds.
This week the Miyagi Mornings weekly recap podcast covers liberty, lifestyle design, retirement, crypto currency, homesteading and more. A link to the video episodes for each segment is included below, any resources mentioned in any of the segments can be found in the video notes by following either the links below.
- To Live Life by Your Own Terms, You Must First Define Them – Miyagi Mornings Epi-91
- Should You Buy Bitcoin with Retirement Money – Miyagi Mornings Episode-92
- Avoid High BTC Fees When Transferring Between Exchanges – Miyagi Mornings Epi-93
- Monetizing your Homestead Life – Miyagi Mornings Epi-94
- Websites and Domains for Small Local Businesses – Miyagi Mornings Epi-95
If you want to submit a question for Miyagi Mornings just hook up with me on MeWe and comment on the sticky post at the top of my profile.
Opening Music Credit To
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- Rising Sun by Yoshinori Tanaka
- https://soundcloud.com/yoshinori-tanaka-guitar
- Music promoted by https://www.free-stock-music.com
- Creative Commons Attribution 3.0 Unported License
- https://creativecommons.org/licenses/by/3.0/deed.en_US
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Jack, take a look at this. Trades bitcoins in indexes of ETX blocks that dynamically appreciate. Would pay tax similar to a mutual fund when taking the money out. https://www.humblpay.com/financial/humbl-financial
Crypto tax wise is like any asset, you pay tax when you receive it on its value, if you buy it you pay nothing. When you trade, sell or spend it you pay tax on any gain or deduct any loss.
Of course as we get into real ETFs you can stack those in say ROTH IRAs.
The other long plays are going to be…
1. Loaning your BTC in a fully collateralized (cant loose) smart contract loan. This will be like renting a house with immediate automatic eviction if non payment occurs and zero maintenance. Also no property taxes. BTC can go up forever and you never pay tax on it unless you sell it. In this model you’d pay “interest and dividend tax” only on the cash flow.
2. Borrowing in the same type of loan. A person with say 5 million in BTC could likely do this and borrow 150-200K a year for well, almost ever if BTC say levels at about a sustained 10% deflation rate at some point in maturity. In this model you’d pay no taxes ever, a loan is not income. You would likely die with about 40-50% of your value owed back, if you lived a very long time after “retirement”.
It may even be smart to do both. On paper you could be an old man on SSI making a pension of say 70K, which will be like say 45-50 now, no tax implications in retirement, but you are boosting that by an additional tax free 100-200K or more.
BTC is hard and long money, the hardest money man has ever come up with. We have to think differently about it.