From your income, do you stack first, then borrow to pay bills? Or, do you use income to pay bills and stack with what's left over, only borrowing for big expenses?
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From your income, do you stack first, then borrow to pay bills? Or, do you use income to pay bills and stack with what's left over, only borrowing for big expenses?
Posted Using LeoFinance Beta
I stack first, take a loan and then pay bills
If you can get your income to be 2x your expenses, then you can stack 100% of the income and borrow 40-50% DAI against it to pay bills
For some, this might be hard. If you can get expenses under control though, it’s a game changer. It essentially is like staving off your bills for a future year when crypto is high and you sell collateral to pay debt back
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