Personal Philosophy: Finance

I love money. “Money can’t buy you happiness” is something that shortsighted people who lack direction and imagination, or just haven’t ever been educated in sustainability, say. For me, money is a tool that allows me to build, create, and sustain a fulfilling life. I am a firm believer in “why buy it when you can build it,” and the best and most fun part of that is having something fresh to keep me engaged. These creations, and their costs, are always considered with the long term in mind.

Sustainability and Long-term Planning

When I talk about sustainability, I mean the long-term costs that until recently couldn’t be easily quantified. For example, using ChatGPT, I calculated the money saved over a year by harvesting rabbit food, which normally would cost me $25 a month. Additionally, I save on $25 of herbs a month and $15 of tomatoes for 3 months of the year. By using solar-powered light panels and rainwater for irrigation, I save even more. ChatGPT calculated that I would save an average of $917.92 a year.

Applying this philosophy to as many aspects of my life as possible keeps costs low and allows for constant engagement with my environment. Over 20 years, these practices could save me $40,362.33 (in 2024 dollars). This is the kind of information I can now present to potential investors to make them feel safe about sustainability projects.

Investment Strategies

When I spend money, I want it to work for me. I invest in the stock market through platforms like SOFI and Public, which let you buy fractional shares and use AI tools to follow patterns from politicians and major trading firms. While there is no guaranteed win, betting on those “too big to fail” and those with inside information seems prudent.

My trading philosophy has two components: passive and active trading. Passive trading involves investing in entities with consistent returns, like top corporations and dividend stocks, aiming for a 12-20% return. Active trading involves using AI to trade within calculated ranges, focusing on consistent gains rather than hypothetical maximums. Over time, these strategies ensure that the money I put away gains substantial value.

Cryptocurrency Perspective

Day trading involves unavoidable gains and losses—essentially, it’s gambling. This is why I hedge my bets and convert as much “guaranteed money” as possible into tangible and sustainable objects. When it comes to crypto, my advice is simple: buy Bitcoin and only Bitcoin. Multiple worldwide governments have integrated Bitcoin into their systems, providing long-term potential and stability. Trading other cryptocurrencies is akin to playing the lottery; the odds are not in your favor.

Daily Spending Habits

I do my best to support local small businesses and family businesses. I go out of my way to shop at new stores or those run by families that have recently moved in. Additionally, I invest a decent percentage of my free spending money in friends. For example, I helped a friend who was feeling down by giving him money so he could feel better and improve his income streams.

I also enjoy spending money on experiences with friends and family. For instance, when I go to Yankee games, I choose games where they give out items that I can later sell on eBay. Moreover, purchasing raw materials for various sustainability projects eventually becomes passively profitable.

Conclusion

In summary, my fiscal policy is about making informed, sustainable choices that benefit me and my community. By leveraging AI tools for financial decisions, investing wisely, and supporting local businesses, I aim to create a fulfilling and sustainable life. Remember, making your money work for you and investing in your community are keys to long-term success.