Bein broke af is not the move bruh unless you really a rich kid pretending to be broke fer yer music career or whatever. If thats you get the fuck outta here maaaaan, we don't want yer fakin ass around here biiiiiiitch.
How not to be broke and like eventually sit around and make money while we just chill is the ultimate goal here at af finance. fr fr ong
In order to do this AF FINANCE shit you need some DOPE AF assets.
DOPE AF asset- an asset that can increase in value, generate a yield, generates rent (property, Stocks, Ethereum, Nft's, whatever) and they have to be pretty SOLID AF. In crypto we call it "staking", "farming" or "liquidity pooling"
Yield means making money with your money.
SOLID AF- not a scam, shitcoin, ponzi scheme, all those coins and nft's yer friends lost all they $ on, evil tricks, fake ass company bullshit
You can %100 make hella money on scams, shitcoins etc BUT you have to be in on the scam, part of the club- if you're are not part of the scamming, lying, cheatin club yer prolly finna get REKT son.
Speaking of scams- here's some tips- if the thing you want to invest in talks about GAINS and $ up front and not the TECH its %100 a scam- if it does talk about the tech but its all buzzword salad its also %100 a scam- if all it does is talk about its affiliations its also %100 a scam.
REKT AF- lost all yer shit, everyone hates you, you want to jump out a muthafuckin window with two glocks like 2pac because you just don't give AF
Even if you think yer like SUPER BROKE AF you got some money bro BUT you prolly spend it all simpin for girls or playing video games tryna be alpha chad headshot in the head master or whatever the fuck they be doin all day those ratchet ass ratty dudes who be smellin all sour runnin on monster and hot chip from they crusty ass gamer chair.
Here's the thing BRUH, trust me, yer never going to have anything that really means anything with that girl on Instagram you simp over- she doesn't want you either as long as you BROKE AF- you want some DOPE AF ASSETS instead of her that generate yield, that means they make you more money just by being alive bro and like lying there all chill. (these says she prob AI and not even real)
Fuck video games bro- you gotta stop my dude- sure they fun here and there and that Youtuber with the hair you wasted yer youth believing he was yer dude is always playin em but who the fuck cares? What does all that shit do for you? How does it help you stack DOPE AF ASSETS? IT Doesn't, it wastes yer time you could spend learning AF FINANCE shit so maybe you could buy yer mom or some girl you wanna serve yer brogurt too a fuckin chain or a necklace or somethin instead of what, what can you give em now an Apex legends skin or some shit, a fortnite fuckin hat? NGMI bro.
DOPE AF assets just sit around and make you money(yield, rent, dividends) son.
The dopest assets are BASED AF assets- based assets can't be frozen, stolen, seized, taken by yer bitch ass goverment or some lame af company because you hate speeched or some shit.
Pick a DOPE AF BASED asset and start to STACK it- Save up to buy it, DCA or YOLO or whatever
Wtf is DCA? Dollar Cost Average- wtf does that mean? It just means say you have $10,000 you want to invest in yoloCoin- you don't spend your whole $10,000 on yoloCoin in one buy because you're a bitch ass- so you space out the buys- You buy $1000 lets say every Monday until you spend the whole $10,000. You do this because when you buy it all at once its a bigger gamble- if the price is low then you get more for your money but if its high then you get less for your money- its a cope strategy but probably makes sense.
YOLO is just investing your whole stack at once. Its like gambling so do it if yer not bitch made or not- its fine to be a bitch every once in awhile when it comes to $ it happens to the best of us.
Some strategies.
Buy some DOPE SOLID AF BASED assets then borrow against them in shit markets- swap some of your assets for stablecoins in lit markets.
With this "borrow against" shit research "buy borrow die" and "pledged asset lines" to learn the strategy. It just means you take a loan against your own money and do something with that money, you have to pay the loan back in time but when you do you get yer collateral(staked Eth) back. For this to work correctly you need SOME income so you can pay back the loan. This is used if you need a chunk of $ thats more than what yer income brings in and you have enough $ in assets to take the loan. In the end you buy the thing, then pay back your loan so now you have the thing and you still have your assets. The goal is to NOT sell your assets but borrow against them when you need big chunks of $.
What are some DOPE SOLID AF BASED assets? I like staked Ethereum like wstEth, sfrxEth and soon osEth. (Why not rEth? RPL shills might ask... too cringe breh)
So first you have to buy Ethereum then you stake it or swap it or wrap it or whatever the fuck they doin and transform it into the "staked" version- what tf does that mean? It means you take your BASED Eth and you transform it into a DOPE AF asset as the staked version is going to generate yield for you.
Ok so now you are generating some yield, thats cool but right now its pretty gay around like %4. BUT this is the thing you can also borrow against this staked Eth and if you borrow in a place where the "interest rate" of the loan is less than the yield % you actually making $ on your loan.
In the near future we'll have "restaking" and a bunch of other shit to get yields higher than %3-%4 on our staked Eth.
So thats coo you have this "loan" where you making money- now you borrow some $ against your staked Eth. Lets say you borrow against $1000 of staked Eth where the interest rate is lower than the staking yield- now you borrow $400 in stablecoins against that $1000 and put it in a stable farm that makes you %15 on your money. This shit is like almost risk free.
Stablecoin farms are cray breh- you can find farms with yields from %6 - %25 on the regular. If you borrow against your staked Eth and the interest rate is decent you can throw the stables you borrowed into one of these stable farms and make near risk free yields of %5-%20 on your assets.
Like check Idle Finance out crazy af %- so yeh borrow against your staked Eth which gives you stables- farm those on Idle for nice % if the market takes a DUMP and/or you need your assets back- simply withdraw your stables from idle(with your gains) and pay back the loan
The DANGER when you borrow against your money is gettin dat ass "liquidated" so you can't get greedy when borrowing against your $ or else you're in greater danger of liquidation when the market dumps due to all the bitch asses getting scared and selling.
Greedy means the collateralization ratio is too low- you gotta watch that shit and pad it by paying stables back for the loan or adding more collateral if the market starts sagging.
If you think the market is HIGH AF and the trend is medium/long DOWN then swap Eth for stables. Go buy some real world shit for the stables.
If you think the market is LOW AF and the medium/long trend is UP then borrow against staked Eth for stables. Then farm the stables- this way yer making a nice % and if the markets starts to shit the bed pull the stables out of the farm and pay back your loan.
When you borrow- I'm a bitch, so I start with a collateralization ratio of at least %300 because I'm scared. Since crypto is crazy af I think you should keep the ratio about %200 at least.
How to know if the market for your DOPE AF asset is HIGH AF?
If you see everyone acting like that dude that died in the Titanic movie when he was at the front of the Titanic and he's all "I'm the king of the world" then the market is HIGH AF. Also if like the super tarded AF people you know start saying they finna buy some of yer DOPE AF ASSET you know its HIGH AF too.
How to know if the market for your DOPE AF asset is LOW AF?
If you see everyone cryin and actin like a bitch when talkin about your DOPE AF ASSET you know the market is LOW AF for your DOPE AF Asset. Also, if you feel like a bitch and want to sell it all and run away and do burnouts in a lonely parking lot while listening to those Ye Jesus songs you know the market for your DOPE AF ASSET is LOW AF.
All this talk about borrowing against and stable farm doesn't mean SHIT tho if you haven't built up a secent stack yet- you need a STACK to able to make some real $ with all this shit.
How to build a stack? You need to gamble- you need to go all in(don't become a bum tho) on some new/low priced asset/coin to build up a decent stack) then once you have a stack you can stake and stable farm and all this shit.
What to buy to build a stack? I know enough to tell you I don't know.
As of writing this shit I would go all in on TIA the token for Celestia- I've been following it for some time and think its a big fucking deal. BUT as all the other fi-fags say "do your own research" and "this is not financial advice"
THEY say you should only take on debt(borrow against your assets- take a loan etc) to make more $- so using the $ on something you think will MOON is appropriate
Anyway, I hope this can help someone out there come up-