Chasing Billions: The Rise & Fall of my Financial Fortunes
Photo:
I borrowed Julie’s hoodie to dress up for an unexpected Half Moon Bay lunch Sunday. :)
Something Different:
Instead of my thoughts I’m going to try something different.
In the coming weeks, I’ll share the deeply personal and evolving saga of my financial life. The story’s climax is unknown—even to me—shaped by twists in an ongoing high-stakes, decamillion dollar legal dispute that unfortunately I will not share here until it is resolved.
In 2013, my net worth was $300K, with much of that in retirement accounts. Nine years later, I was generating over $1M per month in new cashflow from investments. Just when I thought I was speeding fast on the ultrawealth fastlane, unexpected events changed everything, drastically.
This series will focus on the strategies that led to my financial success: cryptocurrencies, borrowing, and selling derivatives, and how it all blew up one day. Spoiler alert: it’s not the typical ‘borrowed too much, over leveraged’ or got lucky with a random lottery investment that worked. I’m sharing this story because these are sound investment strategies and useful tools that, in my case, happened to blow through almost all my risk guards.
What to Expect in the Coming Weeks:
Strategic Foundations: Planning for Financial Freedom.
2013 Financial Gameplan: Accelerating Retirement
2013: Bitcoin captures my imagination – the start of a transformative journey.
Doubling down - actually, sextupling down.
Ethereum Crowdsale: My Most Profitable Investment.
Leverage - Utilizing New Tools to Enhance Financial Returns.
Exiting the Workforce: When Working No Longer Makes Sense.
Earning from Assets: How Passive Income Changed the Game.
Growing to a Billion: Tracking the Ultimate Financial Milestone.
Exponential Revenue Growth: 22x income year-over-year growth
The Crash: The Day Everything Changed.
Links:
Bitcoin’s 4th halving was Friday April 19th!