I Was Earning More, Looking Rich… But BROKE!

In 2006, I was earning about 200,000 a year and I was completely broke. Even though I had a house that was I could barely afford and two cars, brand new ones. I was living the dream on the outside, but on the inside things were not too too good. I was completely in debt. Good morning, good evening, good afternoon, wherever you are, whenever you are. Thank you for watching this video. My name is Da Vinci Jeremy. I'm in the pipe 5x5 staying alive here in Dubai. And man, it was an interesting time back in 2006. I turned things around uh quite a bit, but um it took a while. It took quite some time to turn things around. And um and I basically um I was completely broke. Even though I looked rich, I had everything that people would expect. I had like a massive house, beautiful kitchen, right? Two kids, and basically that house back then was the payments were like 60% of my before tax income. That's brutal. Brutal. Yes, I was drowning in it. And then and then on top of that, we were still taking vacations to Hawaii up until that point. Yes, that we did stop it, of course. Um once I realized, okay, that's it. I have to do something. But up to that point where I decided to change, I was vacationing twice a year in Hawaii in the property that we had. So, I sold a lot of stuff, right? got out of some of the debt. But there was a there was a secret plan, secret thing that I did that it's only available in my school. I have to keep something for uh you know the uh people who subscribe that got me out of debt. And I if you're interested in that, you got to come into the school and I can help you if you are drowning in debt and want to get out. Now once I converted right, I started saving and learning about how to save and then I learned how to save in gold and silver and then Bitcoin came along and I learned how to save with Bitcoin. This is critical because Bitcoin changed a lot my trajectory massively. Whilst I studied how to save and how to hold the money longer and spend less and earn more by saving more, I knew what to save in. Here's the thing. Okay, so here's the X post that I've made today, right? $2.2 million in savings will materialize. Yes, if you spend if you save $500 a month, the probability of that happening is pretty high. in our current market and the way the that the financial system works. Yes, probability is true. You will get to that 2.2 million and maybe even a little bit more. However, there's a big however to that. However, based on that 10% inflation, which by the way, in the last 5 years, it's been 30%. [laughter] So, um this but let's go with 10%. Hey, that $2.2 $2 million in 30 years will have the purchasing power about $126,000 today or and that 80,000 which he's saying here. This is what the $80,000 you'd be getting from that $2.2 million as you take 4% out per per month will equate to about $4,500 a year and $85 a year in today's value. Now you will be getting the you know the the 80k of course per year it will be 80k don't worry about that it just won't be 80k's value that you will receive and once you get that which I did back in 2007 right once that gets in your freaking head right that you're being played, right? You're going to do something about it. And you know what? That's why I've been talking about Bitcoin, but I realized that I should educate people on how to save cuz yeah, just buying Bitcoin is not going to do it. You need to be able to save, right? You need to learn how to save, right? So, that's why I'm educating people on how to save, right? If you don't know how to save, well, Bitcoin is not helping you. It's not. So many people that I've helped buy Bitcoin don't have it today. That's the sad thing. They bought it early and they have nothing today. We're going to help you prevent that from happening to you. When Bitcoin moves from 80K to a million dollars, we're going to get you to hold. We're going to get you to keep your wealth growing because that's 1 million Bitcoin is not the end point. It's not. Believe it or not. All right. Expert from a Bitcoin uh secular economy. The impact. Okay. This is uh okay. It's difficult to qualify multiple dimensions in which the community has been affected since the project began just as it is difficult to anticipate anticipate various ways in which Bitcoin is changing lives of its users around the world. However, it's one thing that Mike particularly points out. It's interesting to highlight how Bitcoin changed the time preference especially of young people in El in the Elante. Okay. What does he mean by time preference? Right. So this is this is key, right? This is part of actually learning how to save. Right? Once the the problem with our current money is that when you start saving and you start realizing wait a second here I'm saving and things are prices are going faster than my savings your time preference for s for spending becomes now because you realize that this $500 a month that you're saving actually is losing value because whilst when you bought it when you started getting into it. Gas was what? $6 $7 for diesel and then all of a sudden, right, over time gas is $70 per for diesel and you're still putting in that $500 a month yet. H you can't seem to catch up now, can you? That's the problem. So then you don't feel like saving anymore. You feel like, well, maybe I should spend it right now. And that is the time preference issue that you're having by using our fiat system to store your wealth. But once you start storing it in Bitcoin and you hold and you learn how to hold, your time preference goes out. meaning that you're you're willing to wait that 30 years. You're willing to wait for things for Bitcoin to get to the the level that will secure you no matter what. And we're going to teach you a few other things as we as that as Bitcoin continues to to to accumulate and increase in value. will teach you also and b4b.dj15.com dj15.com how to invest it properly not in the stock market that is dumb unless I'll take that back unless you choose one or two stocks m or a maximum of 20 right unless you are exactly like Warren Buffett who studies how to choose which stock to buy you shouldn't be in the stock market, right? If you are that kind of person who's actually doing the goddamn work and not somebody else, right? Or you have a professional that's only going to do small amount of stocks that because he studied every single stock and he knows which ones to to store for the long term, right? And which one to cut when they do when things change, right? and they watch the markets that for that particular stock and they try to find only a small number of stocks. Yes, stocks are fine. But since it's not your career, don't do that. [laughter] [gasps] All right? But instead, instead, focus, man, on a simple thing. In third 90 days, we'll get you to convert yourself to a Bitcoiner or hard money and you'll be able to store that wealth and watch as it really grows. Okay, it continues on, right? That time preference is a subjective value by which individuals discount the value of of the future. Right? It always preferable to have something in the present than to have to wait for something to come since any future promise has a low probability of occurring. Yes, definitely if you're talking about saving uh your money, it's actually the $2.2 2 million is a high probability of occurring because they're printing more money. Don't worry, you'll get it. [laughter] All right. It's the value you won't get right. One of the adverse effects of paper money printer by governments is with with no limit on it issuance is it generates uncertainty due to the permanent increase in prices. This tends to to increase people's time preference since it makes more sense to consume in the present than to save for the future where that that money may be worth less much less. On the contrary, Bitcoin being a scarce asset which tends to appreciate over time by cyclally cutting its issuance until the maximum of limit of 21 million is providing a reduced reduce proving to reduce the time preference as it appreciates over time. Small savings in a in in the pres present can generate significant future benefits, thus increasing the the the pro propensity to save and plan for the future. This is why it's so profound why I'm here, why I do this every freaking day. Because I know this this has been written in many books and throughout history. It's not new information. Okay? It's not like we haven't done this scam before. You all been scammed the same way all the time, nonstop, right? And if you're not understanding this is a scam, that's the problem. That's the problem. You're getting scammed and you don't even know it. This simple fact right continuing on here has profound implications on a social uh at at a social level because it reflects in greater invest it reflects in greater investment in education deep human relationships or greater care for the environment. I see young people taking uh thinking about their future for the first time. This has not not this was not something we planned. It happened by surprise. We started to see them save. Kids who had never been had never had more than $5 in their lives now have a couple hundred in Bitcoin which they've saved to make repair to their parents' house or buy a new cell phone. We've started seeing this brutous bruterous cycle of people uh talking good good taking good decisions saving for the first time and making the future a real possibility. Jesus this you don't know you don't know the half you don't know the half. Honestly, as more and more people actually move towards Bitcoin and hard money system, what happens is society grows. And so this is why Agenda 21 exists, right? And many other uh scam plans, right? Because they know once we switch to a hard money, that means that means you get even more power, right? And they can't have it. [laughter] So so you have they have to take they they have to take the power away from you before the hard money comes. So, make sure you get in there before that, right? Cuz what's happens is society starts to take off, right? Things to to get built that last, not things that are cheap crap from China. You have so much positive influence in society when good money is used. It's it is clearly documented many many times. Now going on is a six figure salary still a benchmark for financial success? Yes, I think so. But quarter of a million. [laughter] Yeah, that's what you need in today's society for for just to have a basic uh living standard, right? Um depends, right? Of course, that's always location dependent, of course, right? So, for decades, earning a six-figure salary has been viewed as a major financial milestone, a significant a sign that you've officially made it. Made it. Okay. But 100k doesn't stretch as far as it wants to. No, it does not. Because inflation has driven up prices for everything from housing to groceries. A six-figure income may provide a comfortable lifestyle in some parts of the country. Well, while while uh still feeling tight in others and that's the thing that is what I'm talking about. This insidious nature of of inflation is is horrible. It it it steals from the poor and the most uh the weakest of us all are the people who just want to focus on the building something cool. No, somebody else has to steal it from their steal their their work from them, the value of their work. And that's that's sad. And you know what? The uh both businesses and uh governments benefit from them. So obviously they're they're not going to want to change anything like that. Why why do business businesses benefit? Because two reasons, right? Remember how we said, "Oh yeah, if you invest in the stocks, you you'll get the 2.2 million." Yes. Yes. Yes. It's just that they've already configured to make sure that you get the numbers, right? Because they don't understand that the money printed, but the real value they get right away, right? That's the problem, right? You don't see that. And that real value gets dispersed to the real people, just not you. They owe you some dollars. Dollars. certain number of dollars and that's it. That's what they're gonna do. They don't care about the value of those dollars. And then on top of that, when you're employee, right, that's that's that's another thing. If you have hard money, right, if the business is not sustainable, if you're not valuable enough, right, or there's a better way to do things without the employee, you'll get fired and you have to go find another job. And yes, you'll have to take a lower pay cut, but the money will always be more valuable if we had a hard money system. But with this current financial system, it's easier to keep people around because they don't know that, hey, that 3% bling bling, you're getting richer, you're getting richer. Oh, you want 5%. Fine. Yeah. Yeah. Here you go. How about 10%. But the money supply is actually growing a lot faster than 10%. So they don't care. They'll keep you around, right? And then they'll be making more money than the small raise that they gave you. And that is why you see record profits with corporations. It is what it is. Okay. So we're going to do some trading. And if you're interested in trading, head over to x.dj15.com or or if you just want to buy some Bitcoin, that's fine. You can just do that. Go there and you can find the best exchange for you. And let's just look at X. Let me just show you X.dj15.com. Okay. Looking at this by bit trade. Let's see here. What this trade, what did we open this trade? Uh was this new one? I think so. This is a new open trade and and uh because we were thinking of this thing taking off but I don't know if we open this trade uh everything is indicating that there's going to be further breakdown but the problem is problem is okay is that um if we look at the divergence it's not confirmed this this divergence is not confirmed I would like to say see this divergence be confirmed we You can see and let's see here. Is this divergence confirmed here? No, not even on the um the histogram. It's not confirmed. Right. There's divergence on the histogram side here of uh the what is the MACD. And honestly, to take a trade right now is not prudent until there's a confirmation of that. There's got to be a confirmation somewhere. So, right now there is no uh clear trade to make. Uh the market is just ranging and so we're going to have to wait and see um when it makes a big and bold and beautiful move. Taking a look at Ethereum. I I thought it was going to take off and nope. This trade this this was the original trade from down here. I I exited here because I just didn't feel like it was was going to go and I was right. So, we're still we're we're still rangebound. We're about to take off here. About to take off here. And no, just just denied. And then, of course, this trade here just absolutely abort retried failed. And this W explosion here. And we're thinking, okay, well, let's see if this thing comes back in and gets us in. Nope. Not a chance. And it u you know, stopped us out. So, looking at the 12 what? 4 hour. This looks like I wonder if we have like a 200 period moving average on here. Yes, we do. Wow. Oh, darn. Where is it? Okay, so it's not that far. Okay. And how long how long have we been away from it? Since September. Okay, we bounced off it and we stayed above it. So, we can effectively say that's staying above it. Ooh. Ooh. Yeah, we're going to have to cross that. We're going to have to cross the the the uh 200 period moving average on the 4hour. Um if you ask me before we actually uh go a lot higher. Um both. Let's just take a look also on the Yep. Let's see. Yes. Look at that. Same thing here. Um, everything looks exactly the same. I think we can say uh with a more certainty now that the most likely um occurrence is to have to have a downward draft move. So, um because of that, oh darn, this one failed. So this short and it came back and retested that up here. So yeah, it looks like we are going to this is this was like for example if we if we agreed with the short I would have like started short right here and it would have been right. Um you see we would have gotten in here and we would still be in the short. It would have been still scary because you know they tried to get us out shake us out. Um and so the short is still good. It's just that we could be waiting for a while before the short actually we don't know when the short is going to actually play out. Um so I I'm I'm not uh I'm not too keen on holding a short right now. If you want to, you could um possibly go for this wick here on the short side. Let's see. Enter on this wick. stop loss it just above the other wicks right there. See how that goes and then take it all the way down the 200 period moving average which looks like yeah the target. Okay, just uh just what I thought before right and uh I'm seeing that more and more. So Bitcoin also probably the same thing, right? It's 200 period moving average is probably way way down. Let's see here. I don't see the 200 period moving average here. I know it's not in here. Plus three. Okay, I'm going to see if we can get into the 200 period moving average. There. There it is. It is exactly at the 80k almost on the 81k. um which is exactly where you know the resistance line is. So it's right close to the resistance line. So we're probably going to go and meet that 200 period moving average from the 4 hour and yeah basically we've been above it for too long to to um to say that this is that it's just going to continue. Yeah, it is it is what it is. short is the most likely um thing for Bitcoin and most the market basically most of the altcoins as well. So, it's going to be a bumpy ride. So, uh if you're in Salana or anything, I think it's time to pull out uh some cash. If you are into any of the trades, long trades, it is um time to get out. Okay. Well, thank you guys for watching and we'll see you guys next time. It is.