Bitcoin For Everyone

Why Saving In A Bank Is Pretty Useless (And What to Do Instead)


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šŸŽ™ļø Bitcoin For Everyone — Episode: How to Get Rich (It’s Not Earning More Money)

In this episode, we break the myth that getting rich starts with earning more. Spoiler alert: it doesn’t.

Instead, we dig into what really sets financially secure people apart—and it has way more to do with discipline, mindset, and long-term vision than hitting a high income bracket.

🧠 Key Takeaways:

1. Before You Invest, Fix Your Financial Foundation

  • Pay off your credit card debts and overdrafts—ASAP.
  • If your house or rental is too expensive, move.
  • Ditch the car you can't afford. Buy a cheap one—or better yet, go without.
  • A fancy car doesn’t equal wealth. A bad car doesn’t equal poverty.
šŸ”Š "Buying things you can’t afford to impress people you don’t even know or care about is the dumbest flex ever." – Gary Vee

2. Understand the Difference: Saving vs. Investing

  • Saving is setting aside cash for later.
  • Investing is using that cash to grow your wealth through assets like stocks or Bitcoin.

3. My Personal Money Flow (When I Get Paid):

  • 25% → Tax
  • 10% → Investment
  • 10% → Giving
  • 5% → Kids' Savings
  • 50% → Living expenses

This isn’t what I do because I’m rich. It’s what I did to become rich. Build the habit first—the money follows.

4. Simulated Portfolio Growth Over 10 Years (Saving £1,000/year):

  • šŸ’° Cash Only: ~Ā£10,462
  • šŸ“ˆ 100% Stocks (50% US, 50% EU): ~Ā£14,835
  • ₿ Bitcoin + Stocks (20% BTC, 40% US, 40% EU): ~Ā£24,466

Even with a Bitcoin crash simulation (losing 30% per year for 5 years), the BTC portfolio still outperformed cash: ~Ā£12,644

5. Time Horizon is Everything

  • Stop living for the next dopamine hit.
  • Don’t let TikTok convince you that you should be flying private in your 20s.
  • You don’t have a money problem—you have a mindset problem.
šŸ’” ā€œWealth is what you don’t see. It’s in the decisions you make daily—especially the ones no one claps for.ā€Ā 

Get intouch with Myles at [email protected]

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Bitcoin For EveryoneBy Myles Dhillon