🚨 AUGUSTO BACKES QUEBROU COM O BITCOIN E...

Summary

In this candid and insightful conversation, the speaker reflects on personal challenges in finance and relationships, sharing lessons learned from significant losses and mistakes. He discusses his experiences with Bitcoin, market crashes, separation, and the financial hardships they caused. Emphasizing the importance of financial protection, he advocates for clear agreements in relationships, such as separating assets. Despite past setbacks, the speaker now focuses on peace, family, and a quieter life. He shares his long-term financial goals, including retiring and investing wisely, while staying grounded and avoiding future complications in his personal and business life.

Takeaways

• 😀 The speaker emphasizes the importance of having a financial reserve for emergencies, even jokingly referring to it as an 'apocalypse fund.'
• 😀 The speaker shares a personal story of losing 95% of his assets in 2020 when he bet against Bitcoin, and how he emotionally handled the loss by listening to religious Psalms for three days.
• 😀 The speaker highlights the financial difficulties caused by a separation, losing 70% of his assets and an additional $1 million due to a hack that occurred shortly after the breakup.
• 😀 A key lesson shared: during a separation, the partner has legal rights to 50% of the value of shared property like a house, which becomes a debt that needs to be managed.
• 😀 The speaker advises couples to consider a 'separation of goods' arrangement before marriage to avoid complications in case of a breakup.
• 😀 The speaker discusses how in his current marriage, they agreed on a 5% split of earnings from the business, and he feels this arrangement has worked well for both of them.
• 😀 A humorous remark is made about the potential financial impact of divorcing multiple times, with the speaker joking about the percentage loss in such scenarios.
• 😀 The speaker explains that in his business, if the company faces problems, both partners share the consequences, and there’s no unfair financial burden on either side.
• 😀 In 2026-2027, the speaker expresses a desire for peace and less stress, focusing on spending time with his newborn son, especially since the child has health issues that require attention.
• 😀 The speaker reveals plans to reduce his work hours and focus on family, but he does not intend to retire completely as he feels he must set a good example for his son by continuing to work and lead by example.

Q & A

What financial strategies does the speaker use to protect himself during times of crisis?

The speaker emphasizes having a financial reserve, even jokingly referring to it as an 'apocalypse fund.' He also mentions being willing to take out loans to manage sudden downturns, provided the situation is well-managed.

What personal loss did the speaker experience during the 2020 crash?

In 2020, the speaker lost 95% of his assets after betting against Bitcoin, just before it skyrocketed in the aftermath of the COVID-19 pandemic.

How did the speaker handle the emotional impact of his financial loss?

The speaker allowed himself to grieve for three days, listening to specific Psalms (Psalm 7, 23, and 91), which helped him cope with the emotional turmoil. After this period, he focused on re-stabilizing himself.

How did the speaker's separation affect his financial situation?

The speaker lost 70% of his assets during his separation due to the division of property, including a home that he had to refinance and pay off. He also lost over a million dollars later due to a hacking incident.

What advice does the speaker offer regarding relationships and finances?

The speaker advises having a clear separation of assets and negotiating a fair percentage of earnings in case of a future separation. He highlights that this helps avoid unnecessary financial strain during difficult times.

What is the speaker's approach to his current marriage and business partnership?

In his current marriage, the speaker implemented a separation of assets from day one of their relationship, ensuring that his wife receives 5% of his business earnings. They work together as business partners, which strengthens their relationship and financial stability.

Why does the speaker's wife not mind sharing her income with him?

The speaker's wife earns six times more than she did when she worked independently, and her 5% share of his business earnings is more than her previous salary. This arrangement benefits both of them and keeps their relationship strong.

How does the speaker approach the possibility of future separations?

The speaker humorously suggests that in the event of a separation, he would continue paying his ex-wife 5% of his business earnings. He sees this as part of a protection strategy, ensuring that the financial impact is manageable.

What are the speaker's future plans for his career and personal life?

The speaker aims for peace and tranquility in his life, particularly focusing on caring for his newborn child. He plans to work less in the coming years and eventually retire, although he clarifies that he will never fully stop working or be a poor example for his child.

Does the speaker plan to buy more property in the future?

No, the speaker has decided against purchasing more property. He believes that owning multiple properties leads to more maintenance and headaches. Instead, he plans to focus on investments in other areas.