This article features key insights shared by Crypto Jebb gathered by the CoinSpeech team. Below, you will find important takeaways from his recent video. You can watch Crypto Jebb’s new video at the end of the article.
The Current State of Bitcoin
Crypto Jebb discussed the recent performance of Bitcoin, highlighting a significant bullish cross on the MACD chart, a potential indicator for a major rally. He explained, “Today we’re seeing the first Bitcoin MACD cross bullish that we have seen in a very long time,” and emphasized that while a major rally could be imminent, it’s also possible this could be a fake out. He noted, “There’s a chance that Bitcoin is about to start a new uptrend.”
He addressed the market’s current situation, where Bitcoin’s price corrections have been influenced by various news stories. For instance, the delay in the Ethereum ETF launch and reduced inflows into Bitcoin ETFs. Despite the recent bearish trends, he argued, “A correction even deeper than what we’ve seen right now would be healthy.”
Managing Wealth During Market Corrections
Jebb underscored the importance of using market downturns to reassess and strengthen one’s financial strategies. “When the market is boring, we need to step back and start thinking FinSoft,” he said. He drew parallels between financial management and farming: “If you’re a farmer in crypto… you’re planting seeds, you’re investing, you’re harvesting them later.”
He highlighted the importance of preparing during ‘off-seasons’ in the market, like a farmer maintains equipment during winter. This time should be used for vital financial activities like budgeting, debt repayment, and long-term planning. “Use these times where the market is boring to discuss how to actually build wealth in it,” he advised.
Steps to Financial Sovereignty
Jebb outlined his 10-step process to achieve financial sovereignty, which he claims can be walked through by most people within a few years:
- Forsake foolishness and choose financial wisdom.
- Radically shift to positive cash flow by cutting unnecessary spending.
- Build a zero-based budget that tracks every dollar.
- Save a $2,500 starter emergency fund in a high-yield savings account.
- Pay off all consumer debt using the debt snowball method.
- Save a fully funded 3-6 month emergency fund.
- Invest 15% of income into retirement, with a portion in cryptocurrency.
- Work towards paying off your mortgage within a decade.
- Invest for wealth generation in stocks, real estate, and cryptocurrency.
- Live generously and intentionally, using wealth to enhance your life and others’.
Tax-Advantaged Investing
Crypto Jebb also shared strategies for tax-advantaged investing. He discussed the benefits of a Roth IRA and introduced the concept of a solo 401k plan, particularly useful for small business owners. “When you invest for retirement, you want to be able to invest in a tax-advantaged way,” he noted, emphasizing the potential long-term benefits of such plans.
Community and Advised Action
A significant part of Jebb’s message was his advice on building wealth beyond mere market movements. He recommended leveraging all available tools and strategies, including thorough budgeting, wise investment, and seeking growth in multiple facets of one’s financial life. “Building wealth is not as simple as ‘Market go up, I make money.’ It’s a lot more to it,” he asserted.
Crypto Jebb’s closing thoughts were about the broader implications of financial stability, seeing it not only as a personal goal but as a means to positively impact others. He concluded, “I want you to be able to pass on and be a light on the hill that is so bright that it cannot be hidden.”
Watch the full video from Crypto Jebb below: