Jake Claver, QFOP
@beyond_broke • 121,952 subscribers
Chairman @DAGFamilyOffice | Building wealth beyond limits | Sharing insights on finance, legacy & breaking the broke mindset
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This guy did everything right, never phished, never shared his keys. Two years later his crypto was just gone. His one mistake: he bought the hardware wallet off Amazon. Tampered devices ship with pre-generated seeds. Buy direct from the manufacturer. Only.
Jake Claver, QFOP68,183 Aufrufe • vor 11 Tagen
You should only have to get rich once So, my buddy's cousin drives Uber in Orlando. Picks up this family from Disney World You can tell immediately they have money. The clothes. The way they carry themselves. He's driving them back to their hotel and he starts catching pieces of their conversation in the backseat Now I probably shouldn't even say the family name. But you've eaten their food. Household brand There are 8 billion people on this planet. You know how many XRP wallets exist? 8 million. That's it. Half of those dont hold much XRP at all If you're holding right now, you're more rare than you realize Most wealthy families won't even look at crypto. Except the ones who actually built their fortunes from nothing The rich aren't buying crypto to get richer. They've already made their money. They don't need to They're buying it as insurance. A hedge. They see the global financial system unwinding. The carry trade reversing. And they want something uncorrelated sitting in their portfolio when everything else gets hit Think of wealth like a tree. Right now you're planting seeds. Watering them. That's all you do for years. The trunk grows. That's your core investment Then it bears fruit. Branches spread. That's your diversification. If lightning hits one side, the tree still lives The wealthy already know this. They're not rolling everything on one bet Like I said...You should only have to get rich once.
Jake Claver, QFOP431,328 Aufrufe • vor 7 Monaten
It's only delusional until it works. Michael Burry's own investors screamed at him, demanded their money back, called him insane for shorting housing. He held for years, was right, and walked with billions. The lonely middle is where a lot of people fold.
Jake Claver, QFOP42,268 Aufrufe • vor 23 Tagen
When you get wealthy, family shows up with a hand out. Don't say no. Say: send me a pro forma and a business plan, and present to my committee. A lot of them vanish on the spot. The few who follow through actually have something worth funding. Process beats guilt.
Jake Claver, QFOP41,711 Aufrufe • vor 25 Tagen
$20M is the spending ceiling. Past it, $100M doesn't change your life, you run out of things to buy. Homes, cars, watches, trips all cap out. Everything above is legacy money: foundations, causes, problems you outlive. Carnegie didn't build halls for the yachts.
Jake Claver, QFOP41,510 Aufrufe • vor 1 Monat
A couple million won't retire you the way you think. At a safe rate you're still eating into principal over a long life. The number where the math actually works sits closer to $10M, roughly $500k a year without touching the base. What's your real number?
Jake Claver, QFOP47,581 Aufrufe • vor 1 Monat
Your bank doesn't have your money. If everyone asked for their deposits at once, the vault empties in minutes, by design. Under fractional reserve you're not a depositor, you're an unsecured creditor lending the bank your cash at 0%. Worth knowing where the line really is.
Jake Claver, QFOP39,949 Aufrufe • vor 1 Monat
So you've got XRP sitting on your cold wallet, you want to protect it, you set up an LLC...makes sense. And now everyone's telling you to buy another wallet, send it off the exchange, do all this complicated stuff.. Here's what to actually do. Leave it exactly where it is. Use the crypto as your initial capital contribution to the business. You list it on the capital contributions page of your operating agreement. Wallet address. Which asset. How many tokens. The dollar amount on the day you transfer ownership. Get that notarized. That's your timestamp. That's your proof. Every single LLC can hold crypto this way. Except... if you're using one that already exists. Say you've already got an LLC in Wyoming, but that LLC is also managing your rental property. Now there's liability attached to it. Someone slips on the stairs. They sue. And in a state like Florida with weak creditor protection, they can come for your crypto too & the thing that was supposed to protect your assets just exposed them Your crypto goes in its own LLC. Your real estate in another with the profits rolling up to a management company With Wyoming LLCs, you've got anonymity and creditor protection built in. If you're adding crypto to an existing LLC, you need new provisions in your operating agreement for digital assets It sounds like a lot. But once it's set up? You don't touch it. You don't move it. Your cold wallet stays exactly where it is
Jake Claver, QFOP132,225 Aufrufe • vor 6 Monaten
I sat down for an interview with nancy beaton US President of Uphold and she drops some serious alpha In this interview, Nancy walks through some products that are actually solving real problems for crypto holders and shared the news that Uphold is launching a DeFi lending pool with Exactly Protocol in Q4. But that's just one piece, as you may have heard, they're also rolling out: ▣ A debit card with up to 6% cashback (10% if you do direct deposit) - all paid in XRP ▣ 4% interest on USD deposits with $2.5M FDIC insurance ▣ Tokenized deposits coming in 2025 - real dollars on blockchain with full banking protections and 24/7 access Nancy also talks more about why Uphold never delisted XRP during the SEC lawsuit and how they work directly with the community to build what people actually want.
Jake Claver, QFOP165,565 Aufrufe • vor 8 Monaten