Bitcoin for Millennials The #1 Reason Most People Will Still Be BROKE In 2026 | Rajat Soni | BFM217
Dec 27, 2025
Rajat Soni, a CFA and finance coach with over a decade of experience, breaks down why many people remain financially stagnant. He highlights the pitfalls of debt and consumer habits that drain wealth. Rajat emphasizes the importance of investing, presenting Bitcoin as a powerful savings tool. He encourages small contributions, patience, and a shift in mindset for long-term wealth. With insights on avoiding paycheck-to-paycheck cycles and embracing market volatility, Rajat provides pragmatic advice to escape poverty traps and achieve financial freedom.
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Why Most People Remain Poor
- Most people stay poor because they misunderstand the math of debt and convenience eroding wealth.
- Rajat Soni argues mindset and structural incentives, not income alone, keep people trapped.
Student Loan Burden Example
- Rajat shares clients paying student loans for decades while balances stay the same due to interest.
- He describes a man in his sixties still repaying law-school debt despite never becoming a lawyer.
Treat Savings Like Perpetual Employees
- People prioritize consumption and convenience over setting up long-term financial engines.
- Rajat frames every dollar invested in Bitcoin as an 'employee' that works forever to grow purchasing power.