How do i sell my bitcoin?
It is already January, 2018. Can you believe it? The entire population of the United States seems to be in a euphoric state with the stock market continuing to go up (recently over 25,000), the value of their “Cryptocurrency” and bitcoin going up and the value of their Dot.Com 2.0 VC backed companies going up….
But I have a question:
WHERE IS THE MONEY?
Maybe I come from a different school of thought, but seriously, when was the last time you went out to dinner on your home equity? What about making your mortgage payment with the value of your new Bitcoin? Just imagine…
Banker: “Mr. Jones, You are past due on your loan. We are set to foreclose next month”
Bitcoin, Altcoin or Home Equity Millionaire: “Mr. Banker, don’t worry about that, my bitcoin has gone up from $8,000 to $14,000 and the value of my home has gone up from $200,000 to $275,000”
Banker: “I am glad you feel wealthy. Pay your mortgage payment or we will foreclose the first Tuesday of next month.”
Bitcoin, Altcoin or Home Equity Millionaire: “Don’t worry, I will just sell some Ripple, convert it to bitcoin and then convert it to cash to make my mortgage payment”
Obviously I am joking around here (although this story is not that far off from many peoples’ reality) but let’s step back and think about this for a second. People have completely forgotten about the importance of making money and making a profit. It seems like they are only concerned with the price of their home or bitcoin! Remember, when the value of your home goes up, so do taxes! And unless you plan on selling, you need CASH to live.
What about your Bitcoin or other alt-coins? Well, what happens when you attempt to login to Coinbase or Binance and they tell you that “Due to high traffic, we are currently shut down”
WHY A NICHE PLAY IN THE SOBER HOME, CARE HOME, OR GROUP HOME REAL ESTATE MARKET MAKES SENSE
Two words: CASH FLOW
1 small, 4 bedroom group home with 8 beds – Whether it is in Detroit, Akron Ohio, Tampa FL or Houston TX will generate a bare minimum $4,000 per month. How much money do you need in the stock market (or in a bank) to make $4,000 per month? I would argue close to $1,000,000.
This is the value of owning your own GROUP HOME business. 1 small home, $4,000 per month in top line income. Each and every month the home spits off rents that are 4-6X what a normal rental would be. And the demand for this type of housing continues increasing EACH AND EVERY DAY as the divergence between the haves and have nots continues increasing.
Do bitcoin, other cryptocurrencies and stock bubbles have a place in people’s retirement? Sure they do. But I woud venture to say that there are more paper-millionaires out there today that are having trouble paying their bills than in anytime in a long while. Why? Because people have forgotten the fundamentals. CASH-FLOW is like oxygen. You need it to live.
I am a huge advocate of GROUP HOMES. I show people how to set them up then teach the steps to automate the entire business. Is it easy at first? No. But it is after you have your team in place. In fact, I would venture to say it is easier (and far more reliable) than any stock market investment or bitcoin investment.
Here is my thought. If you want to invest in bitcoin or the stock market – first become self-sufficient without having to work 40+ hours per week. If you need $5,000 per month to live, then 2-3 Group Homes will do the trick for you. In fact, just three little group homes can change most peoples lives. And if you want to use the leftover money to buy bitcoin – go for it! I show people how to do this when they sign up for my free, 10-part course. My business model has been tried and tested for nearly 20 years. I have been through the recessions and the expansions. It is a no-nonsense, Warren Buffett method for accumulating wealth and setting yourself free.
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Thoughts? Comments? Disagreements? Let me know how you feel!