One of the biggest blind spots in FIRE is treating all debt like the enemy. In a fiat system, fixed-rate debt can be a weapon if you know what you're doing. A 30-year mortgage at 3% is not just a housing decision. It is borrowed dollars that get easier to pay back over time while the house appreciates and the capital you did not bury in walls can compound somewhere else.
That is the basic idea behind a speculative attack, borrow in the weaker currency and move into the stronger asset. People accidentally did this with low-rate mortgages in 2020. The real winners were the ones who also used the freed-up capital to buy scarce assets instead of racing to kill cheap debt.
You still need strong cash flow and the stomach to carry leverage. But if your goal is financial independence, paying off the right debt as fast as possible is not always the smartest move.
I broke down the full idea here:
https://firebtc.io/p/speculative-attack
That is the basic idea behind a speculative attack, borrow in the weaker currency and move into the stronger asset. People accidentally did this with low-rate mortgages in 2020. The real winners were the ones who also used the freed-up capital to buy scarce assets instead of racing to kill cheap debt.
You still need strong cash flow and the stomach to carry leverage. But if your goal is financial independence, paying off the right debt as fast as possible is not always the smartest move.
I broke down the full idea here:
https://firebtc.io/p/speculative-attack
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