How i plan to pay off my debts - my Financial plan for 2024 [bqOO0cprz3A]

Next year I have some pretty big plans and

goals I want to achieve, but they're a

little bit expensive. So plan number 1 is

I want to buy a Japanese abandoned house

in the countryside and try to fix it up.

And then plan number 2 is I want to rent a

car in Japan and drive across Japan and do

like a vlog series and also try and sleep

in the car. But unfortunately my YouTube

earnings aren't quite what they used to

be, and if I had to rely on the YouTube

earnings alone, it would take me years to

be able to save up the money to be able to

do these 2 things I really wanna do. I'm

not just doing these things because I

think I'm gonna go viral on YouTube or

anything. I actually genuinely want to do

these things because they actually

interest me. I have 2 plans that I think

is gonna help fund next year's goals. I

have a short-term plan that I'm gonna

execute over the next week, and I have a

long-term plan that I'm hoping to execute

over the course of the next 12 months. So

the short-term plan involves this brand

new microphone, which you might see me

using right now. And I

know what you're thinking. You're

thinking, oh my God, Daniel just bought

new tech. He's wasting more money on new

tech. But no, buying this microphone is

actually going to help save me money.

Usually I use these DJI wireless mics,

and these cost me $280 last year,

and I should be able to sell these for

about $250. So I bought this for $70. I

can sell this for $250, that's a profit of

$180. And I can also sell this

flip phone, this Samsung flip phone. The

only reason why I'm forced into using this

phone is because the wireless mics only

work on this phone. They don't work on

this old phone I have, which is the S10

Plus. So now that I have this new mic, it

means I can sell the expensive mics,

which kind of sound the same as this one

anyway. And then I can also sell this flip

phone for a profit of combined total of

$700. So I spent $70 on this,

and then I can now make $700 thanks to

having this, which is a profit of $700.

And I can also sell this iPhone Mini 12

for $300 or $250, which means

I'm going to be able to make about $1,000

in the short term. So that's my short-term

plan. My long-term plan is a little bit

more complex, and it's going to take over

a year to execute this plan. So my

long-term plan involves buying Bitcoin.

I'm just going to say it plain and

clearly. Yes, I'm interested, interested

in investing in Bitcoin. And you might be

thinking, you must be crazy, you've

already lost so much trying to invest in

stocks. Yes, I know, but I've learned from

my mistakes and I've actually planned this

and I've been studying and researching

charts. And there's a special event going

to happen soon in the next coming months

called the halving. It's expected to

happen around April of 2024. And basically

what this means is the algorithms that are

computed, the algorithms that the

computers have to solve to mine 1 Bitcoin

are going to become a lot more complicated

and harder to solve, and it's going to

reduce the amount of Bitcoin rewarded to

miners by half. That's why it's called the

halving. And this happens every 4 years,

and it cuts in half the availability of

Bitcoin that is available to be mined,

which makes the value of Bitcoin

absolutely skyrocket. I've been looking at

charts, and from what I've seen, it seems

like after the halving happens, about 6 to

10 months after the halving happens,

Bitcoin value absolutely skyrockets. And I

want to cash in on some of that action.

My prediction is Bitcoin value will

absolutely skyrocket around the end of

2024 to the beginning of 2025. So that

gives me about an entire year, 10 to 12

months, to start accumulating Bitcoin and

start building up my position. Now, I'm

not going to do what I did in the past and

just YOLO loads of money all onto Bitcoin

now because that's extremely dangerous.

Bitcoin is rallying really hard right now

on the excitement of a Bitcoin ETF coming

out in January and also the excitement of

the halving. So I think Bitcoin is going

to be kind of flat-ish up until the

halving, and then also after the halving

it's going to be kind of flat, and then

the excitement will die off, and that's

when it's going to skyrocket. So I'm going

to be buying into Bitcoin every single

week for the next 12 months, and I want a

total of $3,000. That's going to be my

total position in Bitcoin. So according to

my calculations, I need to be investing

about $60 to $70 into Bitcoin every

single week to then build up to $3,000

after a year of this dollar cost averaging

in technique or tactic. And I'm not

actually going to buy the actual Bitcoin

because I don't have crypto apps. I'm

going to be buying crypto miners and maybe

also ETFs. This will give me exposure to

Bitcoin without actually having to set up

an account to buy real Bitcoin, which I'm

too lazy to do. And according to the

Bitcoin Rainbow chart, they are predicting

Bitcoin will be worth about $400,000 to

$500,000 around the end of 2024 and the

beginning of 2025. If you look at Bitcoin

right now, it's about $40,000. So that's a

gain of 1,000%. So if I have a total of

$3,000 invested into Bitcoin and I get a

1,000% gain, that means I turn $3,000 into

over $30,000. Yes, it is risky that I

could lose $3,000, but that's unlikely.

Because that would only happen if Bitcoin

drops all the way down to zero, which,

come on, let's face it, that's not going

to happen. And my gain, my potential

benefits and gains, could be $30,000. I'm

risking $3,000 in order to have a pretty

high chance and likely chance of earning

or making $30,000. So it's like a very

small risk for a massive potential gain.

And obviously Bitcoin is not going to be

flat up until the end of the year next

year. It's going to go up and it's going

and I'm going to be buying every week

regardless of whether it's up or down or

up or down, and that should flatten out my

average cost basis, which means even if it

does go down loads, I will still be buying

and picking up more when it goes down

loads. And if it goes up loads, then I'll

be getting some small gains, but I won't

be selling. Hopefully by dollar cost

averaging over many, many months, it's

going to help flatten out my total risk.

Okay, so next I want to show you some

Bitcoin charts and try and explain my

theory so it's a little bit easier to

understand. Okay, so as you can see,

we're looking at the Bitcoin chart, and

you can see the 2 peaks here that happened

back in 2021, which was 2 years ago, not

last year. I made a mistake, I thought it

was last year. So we hit— where is it—

$64,000, nearly $65,000 here, and then

$69,000 there. It's funny it

peaked at $69,000, but anyway. And then it

came crashing down all the way down to a

low of $15,000. So if you bought here,

you would have doubled your money already,

nearly tripled it actually. But you can

see right now Bitcoin is in an obvious

uptrend, but it's stuck in a channel. You

can see this channel, I drew it myself.

Got this bottom line and this top line,

which is acting as resistance. And it's

kind of just bouncing in between this,

this channel like a ball inside of a

tunnel. It's going down, then up, and then

it hits it, comes down, it tries to hit it

again, back down, bounces off this line

again, and then does like another rally.

I'll try to zoom in a bit more here so you

can see. Down, up, down, up. And I

wouldn't buy here $38,000, it seems a

bit risky because it could bounce back

down again like that. So my prediction

would be before it starts going up really

high, it's probably going to come back

down to like around there. So around

$32,000, I reckon it will drop back down

to at some point, and that's when I would

start buying heavily. That's when I think

a really good buying opportunity would

present itself. Although we already missed

a lot of good buying opportunities, like

$26K was a really good opportunity.

Obviously $16K, $15K back in 2022 it was

a great buying opportunity. That was in

December, but back then I remember seeing

it crash down. I was thinking, thank God I

don't have any Bitcoin, this thing's

rubbish. I guess the hype's all blown out

of the balloon by now. But I guess I was

wrong. So you look at this, it is quite an

interesting chart. You can see each time

it spiked massively was because of a

halving event. We had this initial halving

event back in 2017, and then it always

comes crashing back down. See, that's the

problem. After the halving event, it does

seem to crash back down almost equally to

what it spiked up to. So it went up,

down, and then flat, and then up, and then

down. But every time it comes down, it

comes down to like a new higher low. So

it's quite low there, but next time it's a

higher low there, and then this time it's

a higher low here. So it keeps making

higher lows each time it has a halving and

then finishes the halving cycle. So next I

want to show you the rainbow chart.

Okay, so this is a very different chart.

It's a rainbow chart called the Bitcoin

rainbow chart. And as you can see, um,

we've got the Bitcoin price of Bitcoin

going up and down, up and down, and it's

following this rainbow. And we've got

these blue lines here representing each of

the halving events. There's been 4— no,

there's been 3 so far, and we are

approaching soon the 4th one, which is—

it's saying it's going to happen at the

end of March next year. So you can see

from the pattern of this, it would spike

halfway between the halving events. It

will have like a massive move upwards like

that halfway after the halving events,

and then it'll just kind of crash and be

flat like that, really flat and really

low. And then the next halving event

happens, and then a couple months after

the halving events, you notice the halving

event happens here but nothing happens So

for example, this was 2016 and halving

event happened in June, July,

beginning of July, but the Bitcoin didn't

actually start moving up hugely until—

where's that— 2016 July, and then that's

around March 2017. So it's like the next

year, that's 9 months after the halving

happened until it actually finally started

to make these big moves, and it went from

a price of $600 all the way up to $16,000.

And then same with the next halving event—

well, not the next one, the previous one.

Uh, when the halving happened, it was just

flat. Look, flat before the halving, flat

after the halving. So this halving

happened in 2020 May, and it didn't start

moving up massively until 2020 December.

So that's like 7 months. So it seems like

the average is after the halving happens,

it takes about 7 to 9 months before it

starts making these massive moves upwards.

And you can see right now we're kind of in

the same pattern that it was before.

Look, back then it had this pattern just

being completely flat like that. Same

here, look, we're completely flat. And my

prediction would be, would be flat until

like around there, until the middle of

this section. So there's no real rush to

buy now. The halving will happen in a few

months' time, but it doesn't mean that's

when Bitcoin's going to blow up. There

could be some big rallies, but I think

they're going to be met off— met with

sell-offs. So what I think could happen

is, because this halving is going to

happen in March, looking at previous

history where it seems like 6 to 9 months

after the halving event happens, that's

when the big moves upwards happen. So 6 to

9 months after April would be around

October to December. So around

the middle of this part, which says, uh,

December— actually, this part is saying

like June 2025, which is way further out

than I would expect it to be. So this is

April 2024. Where's, uh, October? October

is like here.

So around here, around there. This time

frame here is when I would expect the big

moves to start going up. And you see the

different colors, you can see this rainbow

chart is colored by different colors. So

you got blue, a fire sale. We've got this

color, buy, accumulate, still cheap. Hold

is around yellow. And then as we get

higher and higher, higher and higher on

the rainbow, the prices of Bitcoin gets

higher, and it's telling you to sell or to

not buy anymore because it's kind of

getting into bubble territory. You've got

maximum bubble territory as the darkest

red. So the darkest red here is predicting

in 2025 Bitcoin, the highest price is

going to go up to, up to this level, is

going to be like $400,000. And the

previous cycle it was at a high of around

$60,000, $57,000, yeah, nearly, uh,

$70,000. So the next cycle

after the next halving cycle, the next

highest high could be over hundreds of

thousands of dollars. So imagine you buy

now when Bitcoin is like $38,000 and next

year, well, nearing the end of next year,

maybe around October to December, Bitcoin

could be worth hundreds of thousands of

dollars. Like, imagine if this actually is

accurate and it goes up to this red part

where it's like $400,000. That's over a

10— was it Not even a 10% gain. It's like

over 100% gain. More than that. Yeah,

that's going to be a 1,000% gain. That is

insane. Look, we've got $38,000 plus

1,000%. $380,000.

So let's say you invest $5,000 now.

It's not a huge amount of money for some

people. Let's say you invest $5,000 at

around $38,000 and then you wait until it

gets to like $400,000. That's a 1,000%

gain. Add on the 1,000% gain,

you would have $55,000 next year around

this time. You would turn $5,000 into

$55,000. That is a really difficult

investment opportunity to ignore, and it's

something I'm actually considering

investing in. So if we take into

consideration that the Bitcoin doesn't

really move up massively until around 6 to

10 months after the halving, that means

after April it will be about October,

November, December, which would be after

the halving, where we could expect a big

movement. Let's say my plan is to have a

maximum of $3,000 invested into Bitcoin.

I don't want to buy it all at once. I'm

going to dollar cost average in at around

$75 a week, so that's $300 a month over

10 months. That would finally get me to my

$3,000 target investment. Yeah, so I think

instead of just buying it all at once, I

am going to slowly build it up over the

next 10 months, and by the time 10 months

has come and gone, it should be around the

time that Bitcoin is expected to make some

massive moves upwards. So that's my plan

for this year and also next year when it

comes to Bitcoin investments. We'll see