Preferences

Something I would never think of my life; lately I’m kind of into trucks. I like how big and dominant they are, and how massive and chunky they are.

Certainly I don’t actually want to desire to own one, it is impossible for to park in my small parking lot apartment. 

Also, I currently think that the best vehicle of all time is definitely the cyber truck; just follow the kids. All the kids love it!

Also, thinking  about when I was a kid, my dream car is a kid was an Acura Integra type R, red with the white rims. Then when I got into high school, my dream car was a 1991 Sentra SE-R, two door coupe, SR20DE engine, 5 speed manual transmission. And my grand dream vision for modifying it was turbocharging it, SR20DE-T, having it in red, with gold or bronze rims, lowered, with a carbon fiber hood and a carbon fiber trunk. And maybe some red recaro racing seats. 

Also somewhere along the line, I had a dream in a vision to drive a red convertible, top down through the desert, and in college I ended up buying a 1990 Mazda Miata, red, 5 speed manual transmission, convertible, two-door, two seater, and had that for a while.

Later, the desire for some sort of Lamborghini, Matt Black, murdered out, black on Black on black, with the scissor doors?

Now at the age of 36… I’m finding that my preferences are constantly changing.

So then, the logical strategy is to never buy any vehicle, because probably within a few years, whether it be one year, two years three years, four years five years, 10 years 20 years 30 years, your preferences will change!

What fools then do is the trade in their old vehicle for a new one, losing about 80% of the value along the way. And this is why people are so broke.

Bitcoin is the way?

Bitcoin is the hardest working asset, on the planet.  While you are sleeping merrily, it is growing, dislike a cybernetic life form, self programming, its own artificial intelligence. And even without me doing anything, there are thousands of bitcoin proponents, spreading the word of bitcoin “orange pilling“ people.

And without me doing anything… The value of my bitcoin assets keep going up. And very very easily, I could predict that within the next 30 years, the value of it will explode. And also, I definitely see that the ERIC KIM send you in bitcoin family fund  what continue to exist even 300 years from now.

In fact, if I had a will, or instructions to Seneca if I somehow died too quickly, or simple instructions for the whole family and the whole future generations is simple:

The only 1 rule: Don’t sell the Bitcoin!

You can mortgage your home against it, you could borrow money against it, using the bitcoin as collateral, very much how like rich families in New York City do it with their property on fifth Avenue or whatever.

No intelligent or rich or wealthy family power whatever sell their property in the middle of Manhattan, or even the middle of Tokyo. Or the middle of Gangnam in South Korea.  And the goal is you keep that property in your family forever, you passed it down to your kids kids kids. This is what they call generational wealth. 

As a first generation person in America, meaning that I was born in the states, but my parents immigrating from South Korea, I started off with zero. Often when I talk to friends tend to be the typical successful Caucasian American, there is some sort of family wealth in America. For example, learning that one of my friends, their grandparents owned a home in Beverly Hills, certainly a leg up, compared to myself being raised by a single mother, working 80 hours a week as a waitress at a sushi restaurant.

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Money is unlimited optionality

I suppose that genius of money as a concept is that money is infinite option reality. What that means is technically, having money, perfect money which doesn’t lose its value due to inflation, aka Bitcoin over traditional fiat currency is best because knowing that our preferences are so fickle; being able to immediately liquidate and use your economic power is wise.

The reason why owning a home or property is quite foolish is because it is not liquid. For example, you cannot just snap your fingers on Saturday and magically sell your house and have $2 million deposited into your bank account. I also think this is where homeownership is a bit convoluted; let us say that you troll Zillow and you see that your family home is worth $3.2 million. If you actually want to sell it, it might take you a year or two or even three years… Tons of closing costs, fees and headaches, legal paperwork etc., and then you have to also find out where to live after that. so the irony about living in Los Angeles and having a house that is worth a lot is that technically, you live there forever, because you’re not rich enough to move anywhere else. So you can’t really do anything with the home value of your house, except pay taxes, property taxes into perpetuity, which will essentially suck your blood dry after 30 years.

So what should one do with money?

 The religion and the cult of capital, capitalism is to keep growing that into perpetuity forever.

For example, I think it is human nature that enough is never enough. We always want more.

For example, you start off with $100 in your savings account, then 500, then 1000, then 10,000, then 100,000, then 1 million, then 10 million, then 100 million, then 1 billion, then 10 billion etc.

Even numbers which become insane; what is Apple worth? A few trillion dollars?

I would not be surprised if in our lifetime we see Jeff Bezos or Elon Musk become the first trillionaire on the planet.


Real needs?

This is where being a stoic capitalist is a wise idea; to essentially live like a poor person, or stoic, or a spartan, and you just keep stacking your capital, forever. And the critical ingredient here is that you must have children, you must have errors. Doesn’t matter if a boy or a girl, You at least want one kid, ideally two kids or more.

Why? Just do the odds; nowadays most people aren’t interested in having any kids — so if you have 1 kid, maybe a high likelihood they won’t want to have any kids as well.

Need vs want?

I also think it is wise for us to critically untangled the difference between need versus want.

We need we must eat, we need must rent, but beyond this… Everything this is just a want?