Moving Away From Fiat - Sharing My Strategy
As we know, the Elite is robbing us blind through the fiat monetary system. Through this system, they are managing to suck our energy and lifeblood and leave us poor, something akin to what we see with Neo in the matrix. Therefore it is a goal of mine to move away from fiat as soon as possible.
Of course, we cannot pretend that it doesn't exist and that we don't need to use it in some cases to deal with these vampires. But what would moving away from fiat look like? Here is my possible strategy to move away from fiat.
Step 1, fiat salary, once received in fiat, immediately convert to crypto. I would initially convert to a stable coin such as USDC or USDT where the price is pretty stable and you can get good interest rates.
Step 2, set up a crypto visa card for my expenses (such as Crypto.Com). Transfer the required amount for your expenses to the card. This would then increase my interest rates available on CDC and get me some passive Cronos cashback income.
Step 3, set up recurring fiat bills through the crypto visa card so that I use the fiat bank account as little as possible.
Step 4, instead of an emergency fund in fiat, create an emergency fund in crypto stable coins. Therefore my emergency fund will also throw off some extra crypto passive income.
Step 5, instead of stocks and real estate, invest in blue-chip crypto such as Ethereum and Bitcoin with a DCA plan and let my crypto wealth grow whilst also throwing off some extra crypto passive income.
Step 6, at some point, my crypto income should overtake my fiat income. From this point on I can live from my crypto income and therefore my reliance on the fiat system is further reduced.
This strategy may sound risky to some, but is staying in fiat also risky?
What are your thoughts? Credits to Steve Hodl.
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Nice keep it up.
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Good plan. Just stick with it.
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That's a great goal. I am a latecomer in this space, but I also share the same idea. I am anticipating that three to five years perhaps, the most is ten. And not only that, I am thinking of micro-investing in crypto will provide me and my family the necessary funds during my retirement years.
Yes, that's how the world works. What is risky for those who trust traditional finance is our way out of the kind of risk that most people don't see. I share your thoughts that the real risk for me is to continue trusting the powers that be and to take for granted the door that has been opened both by blockchain technology and cryptocurrency.