My next interview takes place with João Oliveira. I got to know João through the Financial Independence Dublin meetup group. I was very interested in the massive amount of knowledge and experience of Bitcoin that João has built up.
I frequently get a few questions from people on this topic.
1. What is Cryptocurrency?
2. What is Bitcoin?
Cyrpocurrency is a basically a form of payment that can be exchanged online for goods and services using a technology called blockchain.
Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security!
Bitcoin is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.
I asked the exact same 3 key interview questions as usual and this full Q & A is below:
Who are you and how did you discover fire?
I’m Joao an IT developer. I discovered FIRE after reading Robert Kiyosaki’s books and realising that I needed to learn more about Irish tax laws and private retirement plans.
Check out Rich Dad Poor Dad here
What is the backbone of your fire strategy?
Quick gains upfront investing in Bitcoin and Ethereum and posterior diversification into more traditional assets like real estate.
Build my company’s reserves in order to defer salaries and buy myself time whenever I need to stop working in order to spend time looking for opportunities in the market.
How do you plan to spend time when you are FI, and any plans?
Relocate my family to a sunny country and lower cost of living.
Spend more time managing passive income assets like real estate.
Travel more often and meet with like minded people.
As you see from the 3 interview questions I have asked the guests on the blog, there are many different way to FIRE and each strategy is different. It is amazing to explore the various paths each of us are taking to hit a common goal and move in a similar direction.
I have came across other people in the FIRE community who look to build a portfolio they can live off, and then relocate to a place where the cost of living is lower.
This is a great example of the independence that FI offers members of the community, where location dependence is no longer as issue and the real exploration can begin..
Thank you João for sharing this!
Interested in learning more about Crypto Investing?
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